Bitmine begins staking ETH, deposits $219M into Ethereum PoS contract
Ethereum treasury firm Bitmine has begun staking its Ether holdings depositing nearly $219 million worth of ETH into Ethereum’s proof-of-stake (PoS) system.
Chalom pointed to stablecoins as a key driver, predicting the market will reach $500 billion by the end of next year, up roughly 62% from current levels. With more than half of stablecoin activity already occurring on Ethereum, sustained issuance and transaction growth could significantly lift the network’s TVL.
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