What's Behind $2.4bn in Coinbase cbETH Liquid Token Redemptions?
Over $2.4 billion worth of Coinbase cbETH tokens were withdrawn last month. The supply of cbETH has dropped by more than 50% due to massive withdrawals. CbETH is Coinbase's liquid-staked ether token. Coinbase's liquid-staking token is cbETH lost More than half of its supply since June. During that period, the cbETH market size declined to … Read more