Ончейн-стейкинг в разгаре, основные криптовалюты сталкиваются с давлением на коррекцию

ETH Staking Ecosystem Continues to Expand, Lido’s Monopoly Position Evident

The total staking volume on the Ethereum Beacon Chain has surged to 34,676,830 ETH, accounting for 27.93% of the total network supply. Since the Shanghai upgrade, a net inflow of over 16.51 million ETH has been recorded, reflecting sustained user confidence in the proof-of-stake mechanism.

However, the concentration in the liquid staking sector of this ecosystem warrants attention. Lido dominates with a staking share of 24.74%, capturing nearly 90% of the entire staking market. This highly concentrated landscape has sparked industry discussions about Ethereum’s degree of decentralization.

Mainstream Cryptocurrency Price Action Diverges, BNB Approaches $900 Mark

Binance Coin (BNB) has shown strong recent performance, with prices approaching the $900 level, trading at $890.40 with a 24-hour gain of 0.55%.

Bitcoin oscillated around $90,490 during the same period with a 24-hour gain of 0.43%. Ethereum traded at the $3,100 level with gains slightly below 0.5%. SOL showed relatively strong performance at $138.30 with a 24-hour gain of 2.89%. XRP traded near $2.10, while TRX declined to $0.29 with losses exceeding 1%. Among emerging tokens, WLFI traded at $0.17 with a decline of 3.52%, and HYPE at $25.43 with a decline of 2.52%.

Market volatility has intensified, making risk management the primary priority.

Policy Advancement and Infrastructure Improvement

The U.S. SEC released an investor guide on Friday regarding cryptocurrency wallets and custody, detailing the pros and cons of self-custody versus third-party custody. The guide particularly alerts investors to potential “restaking” risks and commingled fund management issues associated with custodians.

Regarding IPO prospects, White & Case partners noted that 2025 is a “testing window” for cryptocurrency IPOs, with the real test coming in 2026. At that time, tracks such as financial infrastructure, regulated exchanges, custody services, and stablecoin platforms will become the primary forces for listings. Valuation discipline and macroeconomic risk factors will determine how many projects can truly reach the capital markets.

Stablecoins and RWA Sector Steady Expansion

The partnership between Ripple and AMINA further expands its stablecoin layout in the European market.

The Real World Assets (RWA) tokenization sector has total locked value reaching $16.536 billion, with BlackRock’s BUIDL accounting for $2.499 billion, Tether Gold at $2.255 billion, and Ondo Finance at $1.923 billion. USDe supply has retreated to 6.526 billion tokens, down 2.99% over the past week, indicating market demand for synthetic stablecoins is adjusting.

Security Risks and Regulatory Enforcement Escalation

The Ribbon DOV legacy vault on the Aevo platform suffered an attack on December 12, incurring losses of approximately $2.7 million, representing 32% of the vault’s total assets. The platform has disabled all Ribbon vaults and will launch a contract upgrade solution next week. The claims window remains open until June 12, 2026, with compensation reaching up to 19% of missing assets.

Simultaneously, the U.S. Department of Justice has initiated prosecution against “Bitcoin Rodney” (Rodney Burton), charging him with promoting the HyperFund fraud scheme worth $1.8 billion, involving 11 federal charges including telecom fraud and money laundering, with maximum sentence of 20 years. This case warns market participants to remain vigilant against fraudulent projects and illegal financing activities.

Federal Reserve Outlook and Economic Data

According to the CME FedWatch tool, the probability of the Federal Reserve maintaining interest rates in January 2026 stands at 75.69%, with a 24.4% probability of a 25 basis point rate cut. By March next year, the probability of cumulative 25 basis point cuts reaches 41.4%.

Weakness in the U.S. labor market is placing pressure on crypto assets. The unemployment rate has risen to around 4%, with non-farm employment growth slowing from post-pandemic highs to moderate levels. Against this backdrop, investor risk appetite has declined, making it easier to sell volatile assets such as Bitcoin and altcoins, which also explains the modest recent gains in mainstream cryptocurrencies. Labor data will continue to influence market judgments on growth expectations, interest rate trends, and liquidity.