Machi Faces Further Liquidation on ETH Long Position

Analysis: The Ethereum validator queue has surged to approximately 34 million ETH, possibly driven by large investors

As large investors choose to stake Ethereum to earn yields, the ETH validator queue has surged to 3.4 million, setting the longest pending record with an estimated wait time of 60 days. This change reflects a strong market demand for yield generation, especially from large enterprises and exchange participants.

CME February cryptocurrency contract daily average trading volume increased by 45%, with a notional value of $9.3 billion

Odaily Planet Daily reports that the derivatives market Chicago Mercantile Exchange Group (CME Group) announced that in February, the average daily trading volume of cryptocurrency contracts reached 322,000 contracts, with a notional value of $9.3 billion, a 45% increase. Among them, micro Ethereum futures daily average contract volume increased by 22%, reaching 115,000 contracts; micro Bitcoin futures daily average contract volume increased by 31%, reaching 100,000 contracts; Ethereum futures daily average contract volume increased by 65%, reaching 24,000 contracts. (PRNewswire)

Corporates and Exchanges Rush to Stake Ethereum Instead of Selling

In brief Roughly 3.4 million ETH is waiting to enter Ethereum’s validator set, creating one of the longest staking queues since the network transitioned to proof-of-stake. Anecdotal industry feedback suggests major corporates and exchanges are driving much of the demand as they seek yield on

Ethereum staking demand surges: 3.4 million ETH queued for 60 days, institutional funds accelerate locking

Recently, the demand for Ethereum staking has significantly increased, with 3.4 million ETH queued to enter the validator queue, and the waiting time reaching 60 days, a record high. Institutional investors are gradually changing their strategies to earn stable returns through staking. This trend is expected to reflect optimistic expectations for the future applications of Ethereum.

An address opened positions worth $5.59 million in WBTC and ETH 10 hours ago.

PANews March 4 News, according to on-chain analyst @ai\_9684xtpa monitoring, address 0x7c7…1F7e6 opened a position 10 hours ago with $5.59 million worth of WBTC and ETH. Last night, during the market rebound, this address bought 1,481.67 ETH in a single on-chain transaction at $1,995 each, and purchased 37.62 WBTC for $67,604. It has now transferred these assets to address 0x0EA…34a54.

USUAL (Usual) 24-hour increase of 14.75%

Gate News Report, March 4th, according to CoinMarketCap data, as of press time, USUAL (Usual) is currently trading at $0.02, up 14.75% in the past 24 hours, with a high of $0.02 and a low of $0.01. The current market capitalization is approximately $26.3 million, an increase of $3.37 million yesterday. Usual is a decentralized protocol that has built a distributed banking system. The protocol issues fiat-pegged stablecoins backed by real assets (RWA), combining the security of real assets with the composability and liquidity of DeFi. USD0 is Usual's core stablecoin, fully supported 1:1 by high-quality short-term assets such as U.S. Treasury bonds, providing a stable asset that does not rely on traditional banking systems. Additionally, Usual allows users to participate in governance through the USUAL governance token.