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The number of checklist items increases as BitMine begins staking.
Meanwhile, the validator queue on the Ethereum network has seen a significant rise after nearly two months of decline. The amount of Ethereum in the queue has increased by approximately 120%, from its lowest point of 410,938 ETH on December 28 to 904,051 ETH on Friday, indicating that more investors are staking their assets to secure the network.
Ethereum validator queue. Source: Validatorqueue
This rise comes after the latest update from BitMine indicating the start of staking a portion of its Ethereum holdings. The company, which specializes in managing Ethereum vaults, owns about 4.11 million ETH, worth over $12.8 billion.