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Crypto

Cardano decentralisation metric hits record high, raising questions over ADA rebound

Cardano posted a record high in its Nakamoto coefficient, a measure of network decentralisation, as the metric rose to 16, according to U.Today. The figure was compiled by Chainspect and shared by stake pool operator Rick McCracken. ADA also rebounded, reaching $0.199 and posting a 18.17 percent weekly gain. Santiment said the rally stood out in volatile altcoins, though the number of wallets holding balances fell by 7,070 from two months earlier.

Crypto

BNY, Galaxy to offer crypto staking for institutions

BNY will add an institutional cryptocurrency staking service to its digital asset custody platform in cooperation with Galaxy Digital. Eligible institutional clients will be able to stake supported proof-of-stake digital assets and receive rewards without moving holdings outside their custody accounts. Galaxy will provide the staking infrastructure and act as a design partner across BNY’s digital asset platform. The companies did not disclose which digital assets will be supported.

Crypto

Charles Hoskinson calls Ethereum staking structure a mess, says Cardano is better

Charles Hoskinson (찰스 호스킨슨), CEO of Input Output Global and founder of Cardano, criticised Ethereum\'s proof-of-stake staking design, saying it forces unnecessary complexity on users. He pointed to lockups, slashing risk, bonding periods and reliance on liquid staking derivatives such as Lido. Hoskinson said Cardano lets ADA holders earn staking rewards through delegation without locking up assets while keeping token control. He has also criticised the Ethereum Foundation over proposals he says echo Cardano\'s EUTXO model.