Ethereum requires a massive 32 ETH to stake as a result about 64% of all staked ETH is with centralized entities and exchanges . If most exchanges don’t turn out sustainable or are obliged to listen to their government. What does it mean for ETH and crypto? : ethereum

I am sorry if this has been requested earlier than however I can not discover an clever reply with out it being known as FUD. I am not spreading FUD simply on the lookout for a solution.

After the merge , ETH requires a minimal of 32 ETH which is rather a lot for the common investor. Consequently exchanges and different platforms are getting used to stake ETH. That is clearly a case of “Not your keys , not your cash”

64% of staked ETH managed by 5 entities

Lido Finance 31 %

Kraken 8.5%

Coinbase 15%

Binance 6.5%

Whereas a fifth unlabelled group of validators holds 23% of staked ETH. -Supply

With the current FTX crash and Binance FUD occurring , let’s take into account the worst. If all exchanges end up unsustainable or laws make exchanges comply to their authorities for what ever motive. What does it imply for ETH and crypto ?