🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
The "First" Staking Step for Ethereum ETF Submitted to SEC: ETH and Altcoin Price Increasing! - Coin Bulletin
As the application is made to the SEC for allowing staking for Ethereum ETF, an increase is seen in the prices of ETH and Lido (LDO).
As the process of creating an exchange-traded fund (ETF) for Ethereum gains momentum, it has emerged that the first application with a staking feature was made by Cboe BZX Exchange. According to the Form 19b-4 document published on Wednesday, the exchange requested a change to include the Ethereum held by 21Shares Core Ethereum ETF in the (ETH) staking mechanism.
Bloomberg Intelligence ETF analyst James Seyffart noted that this application is the first Ethereum ETF application to include staking. Seyffart, in a statement on social media platform X, said, "It is possible to assume that the SEC will accept this, but we still cannot speak for sure."
Last year, the SEC approved Ethereum ETF applications from big names like BlackRock, Fidelity, and 21Shares. However, most of these companies removed the staking feature from their applications to avoid SEC pressure. Former SEC chairman Gary Gensler argued that proof-of-stake (PoS)-based cryptocurrencies could be considered securities. However, under the Trump administration, a more lenient approach towards cryptocurrencies by the SEC is expected, and new regulations regarding staking are thought to move in that direction.
Why did LDO coin rise?
Following these developments, Ethereum price rose from $2,670 to $2,790, while Lido (LDO) also saw an increase of nearly 16%, reaching $1.84 from $1.59. Behind the appreciation of Lido, there is an expectation that its staking-focused solutions may attract more attention with Ethereum ETFs. If the SEC approves staking, decentralized staking protocols like Lido are expected to be used by more institutional investors.