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Figment Joins Blockchain Association to Advance U.S. Crypto Policy and Institutional Staking Adoption

Today, Figment , the leading independent staking infrastructure provider with over $15B in staked assets, announced it is joining the Blockchain Association , the leading trade association for the cryptocurrency industry in the United States. Joining forces with the country’s preeminent exchanges, venture capital firms, infrastructure, and service providers emphasizes Figment’s continued leadership role in shaping regulation that facilitates institutional crypto adoption. As institutional interest in protocol staking continues to grow, Figment’s membership in the Blockchain Association reinforces its commitment to working with policymakers and regulators to establish clear guidelines for the staking ecosystem in particular. This collaboration comes at a crucial time as the industry seeks regulatory clarity, particularly regarding the treatment of protocol staking in exchange-traded products. “We are excited to welcome Figment as a member of the Blockchain Association. As the U.S. moves into a new era for digital assets, establishing regulatory clarity around staking will be critical. We look forward to the Figment team lending their expertise to these policy conversations in DC”, states Kristin Smith, CEO at Blockchain Association. Through the Association, Figment will focus on key educational and advocacy initiatives, including: Protocol staking in ETPs Development of staking regulatory frameworks Education on the distinction between protocol staking and yield products Cross-jurisdictional policy alignment As a member of the Blockchain Association, Figment strengthens its position as a trusted voice in shaping the future of digital asset infrastructure. This membership enhances the company’s ability to serve its 700+ institutional clients while contributing to the development of responsible industry standards. Figment continues to educate American policymakers on staking’s critical importance in securing and decentralizing Proof-of-Stake (PoS) networks. Having reached a $633 billion market cap , PoS networks are noteworthy for offering a more sustainable alternative to energy-intensive Proof-of-Work mining. The approval of Ethereum in ETFs in May 2024 marked another significant milestone for Proof-of-Stake networks. The entire Figment team is energized to bring its staking expertise to the Blockchain Association’s agenda at this critical moment for the future of the nation’s crypto policy. Beyond navigating the hopeful addition of staking to ETPs, Figment is also helping traditional banks and brokerages navigate the opportunities of staking within regulated financial institutions made possible through SAB 122 . “Protocol staking is the backbone of blockchain security, ensuring network integrity and decentralization,” adds Jennie Levin, Chief Regulatory & Strategy Officer. “Figment is thrilled to join the Blockchain Association, to align with industry leaders to further this message and advocate for a thriving, secure, and decentralized future.” About Blockchain Association The Blockchain Association is the unified voice of the cryptocurrency industry. Their members include the sector’s leading investors, companies, projects, and protocols, working together to support a future-forward, pro-innovation national policy and regulatory framework for the crypto economy. For more information, users can visit the blockchainassociation.org . About Figment Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider of staked ETH. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. To learn more about Figment, users can visit figment.io . CoinOtag

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Ethereum Returns To Same $2650 From 1 Year Ago: Why Can 1Fuel Outperform Ethereum’s Stagnation & Cardano’s Price Woes

The post Ethereum Returns To Same $2650 From 1 Year Ago: Why Can 1Fuel Outperform Ethereum’s Stagnation & Cardano’s Price Woes appeared first on Coinpedia Fintech News Ethereum (ETH) has dropped below $2650, the same price level as a year ago, raising concerns about its growth. In the last month, Ethereum has lost almost 4% of its market cap. Cardano (ADA) is also another big player struggling to gain momentum. Consistent sales pressure has locked it within a price range. Meanwhile, emerging projects like 1Fuel (OFT) are showing strong potential for higher returns. Its ongoing presale is a current point of attraction. Ethereum (ETH) and Cardano (ADA) struggles Ethereum’s price movement has not been reflective of the overall market trend. When Bitcoin (BTC) was making waves, hitting a new all-time high of $109,000, ETH responded very little to the market hype. Instead, it reacted more to the market crash, falling as low as $2086 at the beginning of February. Ethereum ETFs have recorded huge inflows in the past couple of months. Despite this inflow and many new approvals, their price action has failed to reflect this, raising serious concerns about the underlying problem. Ethereum has made headway with updates around reducing gas fees and optimizing its blockchain, yet the market hasn’t reacted with a price surge. Some investors believe this is an accumulation season for the cryptocurrency and a price rally is imminent. At the same time, others suspect deeper internal issues yet to come to light. Cardano is currently trading at $0.77. After a month-long decline of close to 20%, ADA tried to recover with a 5% increase in the last seven days. However, the previous 24 hours recorded the same decline, with the company losing 2% of its market cap and daily trading volume. Investors are already losing patience with these two big players. This has triggered a search for a new investment option which led to 1Fuel (OFT). 1Fuel Could Outperform ETH & ADA in this market It is easier to enter a new project and push it from scratch than to continue carrying the weight of a struggling one. 1Fuel (OFT) has given investors looking for new opportunities the perfect excuse to jump ship. The ongoing presale of 1Fuel (OFT) is currently a hotspot attracting many investors at a fast rate. In three months, it has grown from 0 to $2.1 million. Within 48 hours of opening its stage 4 presale round, almost 10% have been scooped up. This growing interest and rumors of institutional backing at an early stage could provide the right hype and liquidity to push 1Fuel OFT price by 1000% on launch day. Beyond the potential of a price rally at the launch date, 1Fuel’s value proposition presents a long-term profitable investment for long-term investors. It is building a comprehensive wallet and exchange solution for crypto traders and investors. Within 1Fuel’s ecosystem, investors will have access to a military-grade cold storage facility and a peer-to-peer (P2P) exchange. There’s also a provision for artificial intelligence that helps with portfolio management and tax filing. 1Fuel takes it a step further with its privacy solution by introducing an inbuilt mixer that makes it harder to be tracked on-chain. This is a growing need for investors in the wake of on-chain surveillance. Further down the line, 1Fuel (OFT) will also provide a crypto card that enables investors to spend their crypto on a daily basis. All these features prime 1Fuel (OFT) as a likely top contender in the market when it goes live. To Find Out More About The 1Fuel Presale Use The Links Below: Website: https://1fuel.io/ Telegram: https://t.me/Portal_1Fuel Twitter / X – https://x.com/1Fuel_ CoinOtag