Bankrupt cryptocurrency exchange FTX is seeking to hire Galaxy Digital, an investment advisor part of Mike Novogratz's crypto conglomerate, to help sell, stake, and hedge its $3 billion crypto holdings. FTX hopes to return funds to creditors in fiat currency and generate low-risk returns on idle digital assets through staking.

In a recent development, RideOnWaves.io has observed the burning of approximately 21.5 million XTN tokens. This burning event has primarily seen smaller XTN holders transitioning to L2MP in order to take advantage of the high staking annual percentage yield (APY) offered on the platform.

Binance has announced the launch of Sei (SEI) on Binance Launchpool, a layer 1 blockchain optimized for the exchange of digital assets. Users can stake their BNB, TUSD, and FDUSD to farm SEI tokens over 30 days, starting from August 2, 2023. Binance will list SEI on August 15, 2023, with SEI/BTC, SEI/USDT, and SEI/BNB trading pairs.

An Ethereum address that participated in the initial coin offering has transferred out 641 ether, worth almost $1.2 million, after eight years of inactivity. The move was made in order to stake the ether. The address had received 2,000 ether from Ethereum's genesis at a price of around $0.31 per coin, which is now worth over $3.72 million.

ChainUp Cloud’s Web3 node services will strengthen ARPA’s resilience against malicious attacks, while also nurturing the development of ARPA’s ecosystem.

The Starknet Foundation established the Early Adopter Grants (EAG) committee, tasked with the initial allocation of STRK tokens to early builders of applications on the Starknet chain. The goal of this token distribution is to allow early builders to participate in the operation of the network through staking and voting. The committee budget is up to 10,000,000 STRK tokens, which will be distributed to builders through multiple rounds.

A whale transferred 16,000 ETH from Binance to the Binance Beacon Chain, indicating improved staking on the platform. However, Ether deposits on the Beacon Chain have not had a stable direction and were down to 10,900 ETH at press time. Despite this, withdrawals did not follow with a hike, suggesting that validators had more conviction in the long-term value of staking ETH rather than short-term performance. It is worth noting that most of the ETH and staked Ether deposits were not on exchanges, with the supply outside of exchanges being ten times the exchange supply.

Lido Finance, a leading liquid staking protocol, has now cross-integrated with BitKeep, offering users streamlined access to its services from their BitKeep Wallet. Users can easily stake their ETH via their BitKeep Wallet to earn rewards. This integration will enable users to connect to Lido Finance either via the BitKeep browser extension wallet or by searching for and accessing the Lido protocol from the DApp browser within their BitKeep Wallet mobile app. At the same time, the BitKeep team has also announced the impending launch of its own staking service, integrating protocols such as Lido Finance and Rocket Pool to support ETH2.0 staking. This will allow users to enjoy a more streamlined staking experience, and also easily monitor their earnings in real-time.

Despite facing significant fluctuations and high volatility in Q2 2023, Ethereum demonstrated resilience and attracted an influx of new users to its protocol. The platform displayed substantial growth in various aspects during this period, including an increase in market cap dominance.

Alluvial, the software company behind Liquid Collective, has raised $12 million in a Series A round co-led by Ethereal Ventures and Variant. Other backers include Brevan Howard Digital, Coinbase Ventures, Kraken, and Avon Ventures. Liquid Collective offers a protocol for "liquid staking" for Ethereum, catering to institutions and traditional finance.