According to on-chain analysis firm Lookonchain, bankrupt lender Celsius withdrew over 6000 ETH in April.
Bankrupt crypto lender Celsius has resumed staking Ethereum (ETH), according to data shared by Arkham Intelligence. The report shows that Celsius staked 30,800 ETH, equivalent to $56.9 million, through staking solutions provider Figment in the past week.
The reason behind Celsius’ recent deposit of ETH remains unknown, as the firm had previously withdrawn part of its staked ETH in April, leading industry observers to believe that it was consolidating its assets. Despite its bankruptcy status, Celsius still holds one of the largest portfolios of staked ETH. According to Arkham Intelligence’s dashboard, Celsius currently has 410,378 staked ETH valued at $749.37 million.
The resumption of Celsius’ staking activities aligns with a trend among entities that have withdrawn their staked ETH, as many of them have started re-staking the tokens.
Liquid staking derivatives protocol Lido has notably led the charts in terms of staked ETH withdrawals and deposits in recent weeks, according to data from Nansen’s dashboard.
Total ETH staking deposits rise above withdrawals.
The total number of staked ETH reached a new all-time high of 21.62 million worth $39.5 billion — as staking deposits have surpassed withdrawals — according to Etherscan data.
Nansen’s data supports the previous information, highlighting that various crypto entities, including Kraken and other centralized exchanges, were among the first to initiate withdrawals of staked ETH.
Compliance with regulatory requirements has become a significant concern for centralized exchanges, leading them to take action to address potential regulatory scrutiny.