World Liberty Financial (WLFI), a DeFi platform associated with Donald Trump's family, has made a significant move by depositing 10,000 ether (ETH) valued at $33 million into Lido Finance for staking and earning rewards. This action reignited optimism regarding the possible approval of staking features for spot ETH exchange-traded funds (ETFs) by the SEC. SEC Commissioner Hester Peirce previously expressed openness to rethink staking regulations for ETFs. The recent activities have heightened interest in Ethereum, which had been struggling in price and market sentiment. The potential regulatory green light could enhance the appeal of ETH ETFs and invigorate the cryptocurrency market, potentially leading to price increases and a rebound in investor interest as staked ETH ETFs may launch in the coming weeks. The broader Ethereum ecosystem, especially tokens like Lido's LDO, could also benefit significantly from these developments as ETH's competitiveness against rivals like Solana has been called into question.

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