![US debt ceiling, declining trust in banks send ETH staking to record highs US debt ceiling, declining trust in banks send ETH staking to record highs](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-06/e6ddec80-e9ba-4885-835a-6caf77b1587a.jpg)
The number of staked Ether (ETH) in May reached a new all-time high of 2.96 million ETH, approximately 2.46% of the total supply. The amount of ETH staked in May does not include…
![Federal Reserve Says Higher Rates Could Exacerbate Stress For Banks, But What of Bitcoin? Federal Reserve Says Higher Rates Could Exacerbate Stress For Banks, But What of Bitcoin?](https://cryptopotato.com/wp-content/uploads/2023/01/Federal_Reserve.jpg)
Historically high-interest rates in the United States could “exacerbate” stress in an already shaky banking system, said a member of the Federal Reserve’s Board of Governors on Wednesday. The governor also hinted that…
![Hong Kong, UAE Central Banks Coordinate on Crypto Regulations Hong Kong, UAE Central Banks Coordinate on Crypto Regulations](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/05/uae-hongkong-central-banks-bilateral-meeting-crypto-cbdc-gID_7.jpeg@png)
The central banks of Hong Kong and the United Arab Emirates have announced plans to strengthen their financial cooperation—and work together on regulating virtual assets. A bilateral meeting was held in Abu Dhabi,…
![‘It’s going to get worse for banks’ — JPMorgan CEO on overregulation ‘It’s going to get worse for banks’ — JPMorgan CEO on overregulation](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-05/b0e096cd-98e2-4176-a241-f1df43b0e877.jpg)
The CEO of JPMorgan Chase — which recently took over failed First Republic Bank — believes there could be more pain ahead for United States banks if the Federal Reserve goes into crisis…
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