Ethereum Sees Increase in Active Stake Despite Shrinking Total Staking Balance

Recent data from CryptoKeyhole reveals that Ethereum's active staking share rose significantly in October, with an addition of 361,000 ETH. This increase occurred despite a concurrent decline in the total staking balance, suggesting a complex shift in staking behavior among Ethereum holders.

Additionally, a report from Glassnode highlighted that Ethereum vaults lagged behind staking in performance during September, with dollar-denominated strategies outperforming traditional Treasuries. This indicates a growing preference for staking over vault strategies among investors.

New Developments in Ethereum

Devcon is scheduled for November 3–6 in Mumbai, focusing on various technical and application topics related to Ethereum.

The event emphasizes themes such as privacy, security, open-source systems, and applications.

It is crucial for attendees to differentiate between proposals presented at the conference and actual network commitments.

Coordination among different teams—client teams, infrastructure operators, wallet developers, and application maintainers—is essential for implementing proposed improvements.

Post-event, readers can expect published materials, engineering milestones, and clear ownership for project stages to assess the conference's impact.

New Jersey Drops Staking Lawsuit Against Coinbase

New Jersey has lifted its order preventing residents from participating in Coinbase's staking program, allowing users to resume staking after being locked out since June 6, 2023.

During the pause, New Jersey users are estimated to have missed out on at least $15 million in staking rewards.

The legal battle began in 2023 when the SEC and several states, including New Jersey, argued that Coinbase's staking product constituted unregistered securities. Following the SEC's dismissal of its parallel case against Coinbase in February 2026, New Jersey's cease-and-desist order has now been removed.

Coinbase's chief legal officer has emphasized the need for a comprehensive federal regulatory framework, as restrictions remain in California, Maryland, Washington, and Wisconsin, affecting users in those states.