PANews reported on October 9th that, according to Decrypt , Coinbase announced the launch of crypto staking in New York. Users can stake Ethereum , Solana , Cosmos , Cardano , Avalanche , Polygon , Polkadot , and more. Cosmos is expected to offer an annualized yield of over 16% , while Ethereum is approximately 1.9% . Coinbase stated that it is proceeding with the launch under clear state regulations. Its staking service now covers 46 states, excluding California, New Jersey, Maryland, and Wisconsin. This move follows the resignation of Adrienne Harris , former director of the New York Department of Financial Services, who reached a $ 100 million settlement with Coinbase in 2023 over compliance and control deficiencies.

ETHZilla CEO McAndrew Rudisill said the company’s strategy is to deploy Ether on the Ethereum network through layer-2 protocols and tokenizing real-world assets. Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem. ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets. A growing number of digital asset companies are moving past simply holding crypto and looking to generate yields through active participation in the ecosystem, which crypto executives told Cointelegraph in August, could help spark a DeFi Summer 2.0.Read more

