#Trump-related Platform Staking ETH#

Recently, World Liberty Financial (WLFI), a decentralized finance (DeFi) platform associated with the Trump family, deposited a total of 10,000 Ether (ETH), worth $33 million, into the liquid staking platform Lido Finance (LDO) to stake and earn rewards. This move has sparked hopes that regulators may soon allow spot ETH exchange-traded funds (ETFs) for staking. Hester Pierce, a commissioner at the Securities and Exchange Commission (SEC), who currently leads the agency's cryptocurrency working group, said in a Coinage interview last month that she was open to considering staking ETFs. Gary Gensler, the former SEC chairman known for his opposition to cryptocurrencies, resigned on January 20, following Trump's inauguration. Staking will increase the attractiveness of investment products, allowing investors to earn stable returns on their holdings and lower product fees. According to SoSoValue data, US spot ETH ETFs hold $12 billion in assets. Potential regulatory approval could also shake up the price of ETH and adjacent ecosystem tokens, such as Lido's LDO. The future of Ethereum has recently been under close scrutiny due to its price decline compared to rivals, leadership disputes, and concerns about the project's development roadmap. ETH's price against Bitcoin (BTC) has recently fallen to its lowest point in four years, surrendering market share in trading activity to fast-growing blockchains such as Solana. In addition, recent inflows into Bitcoin and Ethereum ETF funds have continued to increase, such as BlackRock's iShares Bitcoin ETF inflow of 6208 BTC and iShares Ethereum ETF inflow of 16,959 ETH, demonstrating bullish sentiment towards cryptocurrencies in the market. Chicago Mercantile Exchange (CME) Bitcoin options trading also shows the strongest bullish sentiment since Trump's victory in the November 5 election. This data suggests that market interest in cryptocurrencies is on the rise, especially in anticipation of staking ETFs.