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Crypto
Ethereum validator exit queue returns to zero
Ethereum’s validator exit queue has returned to zero this year, indicating that moves to withdraw staked funds have effectively stopped. On-chain data firm ValidatorQueue said the exit queue stayed empty for three straight days from July 18 to 20. In contrast, demand from new validators continues to rise, with about 2.5 million ether waiting to join and an estimated wait of up to 43 days and 10 hours.
Crypto
Ethereum Foundation sees continued staff departures; 5 senior members leave in May
Two more key researchers have resigned from the Ethereum Foundation, lifting confirmed major departures this year to at least eight. Cointelegraph reported that Julian Ma and Carl Beek left after 4 and 7 years, respectively. Their exits bring to 5 the number of senior developers and researchers who have left in May alone. The departures follow earlier resignations and a leadership shake-up signalled by Ethereum co-founder Vitalik Buterin.
Crypto
Ethereum leverage falls as derivatives cool and whales accumulate spot
Ethereum futures open interest fell by $2 billion over the past week, signalling a sharp reduction in derivatives-market leverage. Despite holding around $2,300, open interest slipped to $12.4 billion and funding turned negative, with short positions making up 34 percent. Binance and Gate saw the biggest position unwinds. Concerns linked to the Kelp DAO hack added uncertainty. On-chain data also showed whale accumulation and more than 2.7 million ETH waiting for long-term staking.
