Sygnum becomes the first bank in the world to offer Eth2 staking
Sygnum bank emphasized the robust DeFi ecosystem being built on Ethereum. The crypto-focussed Swiss bank, Sygnum Bank, has announced it has become the first bank in the world to allow its clients to stake Ether. The firm’s clients can now stake ETH through Sygnum’s institutional banking platform to earn yields of up to 7% annually.
U.S. Congressman Adds Dogecoin, Ethereum to Portfolio
Freshman Congressman Barry Moore purchased at least $5,000 in cryptocurrency from May to June. US lawmaker Barry Moore filed a disclosure revealing purchases of ETH, DOGE, and ADA. Ethereum, Dogecoin, and Cardano have declined in price since Moore bought them.
DeFi summer 2.0? Synthetix, Aave, Sushi pump double digits
Synthetix (SNX) value pumped 62.88% during the past week. Aave (AAVE) token go up 23.82% and 34.17% during the same period, while Compound (COMP) had its coin price increase 20.5% and 59.59%. An automated market-making (AMM) decentralized exchange (DEX) SushiSwap (SUSHI) had its native coin’s price grow 24.11% and 13.18%.
Ethereum ($ETH) Is Set to Surpass Bitcoin’s Market Capitalization, Says Celsius CEO
Mashinsky argued that Ethereum’s ether has already surpassed bitcoin on Celsius as the firm manages “about $17 billion in deposits” and “the number one coin held in dollar terms is Ethereum.” The CEO expects the trend to keep on going, to the point ETH will surpass Bitcoin’s market cap by 2022 or 2023.
Uniswap Gains Another 9%, Now Up 25% Over Past Week
The UNI native governance token is one of the market leaders of late, alongside AAVE. Uniswap’s UNI governance token is up further in price, now up nearly 25% over the last week. UNI is still more than 50% off its all-time high from May, echoing much of the crypto market with steep declines.