Bitmine's Accelerated Staking Leads to Surge in ETH in Validator Queue, New Validators Face Nearly 17-Day Activation Wait

Odaily News According to Ethereum treasury company Bitmine, after depositing another 82,560 ETH into the Ethereum staking system, its total staked ETH has increased to 544,064, valued at approximately $1.62 billion at current prices. Due to Bitmine's recent accelerated staking, the current Ethereum validator queue has grown to about 977,000 ETH. New validators are expected to face a waiting time of nearly 17 days, while the exit queue for pending withdrawals holds over 113,000 ETH. Ethereum network data shows that over 35.5 million ETH has been staked at this stage, accounting for about 29% of the total supply, with an annualized staking yield close to 2.54%. (Cointelegraph)