{"id":564539,"date":"2020-11-10T17:35:07","date_gmt":"2020-11-10T14:35:07","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=564539"},"modified":"2020-11-10T18:09:10","modified_gmt":"2020-11-10T15:09:10","slug":"binance-ceo-hints-at-buying-32-ethereum-to-support-eth-2-0","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/binance-ceo-hints-at-buying-32-ethereum-to-support-eth-2-0\/","title":{"rendered":"Binance CEO Hints at Buying 32 Ethereum to Support ETH 2.0"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>Binance CEO, CZ, has hinted that he will purchase 32 ETH<\/strong><\/li>\n<li><strong>He explained the Ethereum will be used to support ETH development<\/strong><\/li>\n<li><strong>32 ETH is the minimum staking requirement on ETH2.0<\/strong><\/li>\n<li><strong>ETH2.0 needs at least 16,284 validator deposits of\u00a032 ETH each to trigger Phase 0<\/strong><\/li>\n<li><strong>According to CryptoQuant.com, the ETH deposits required seem to be dropping<\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/binance-ceo-we-build-what-users-tell-us-to-build\/\" target=\"_blank\" rel=\"noopener noreferrer\">Binance CEO<\/a>, Changpeng Zhao, has hinted via Twitter that he might purchase 32 ETH to support development on the Ethereum blockchain. CZ&#8217;s <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1325978447148064768\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">exact statement<\/a> was as follows.<\/p>\n<blockquote><p><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">I might buy 32 <\/span><span class=\"r-18u37iz\">#ETH<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">, just for the cause. <\/span><\/p>\n<p><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">Not financial advice. Just supporting ETH development.<\/span><\/p><\/blockquote>\n<p>CZ&#8217;s words are clear in the sense that his intention to buy 32 ETH is <a href=\"https:\/\/en.ethereumworldnews.com\/ethereums-eth2-0-deposit-contract-is-reportedly-live-on-github\/\" target=\"_blank\" rel=\"noopener noreferrer\">to stake them<\/a> as part of the required Ethereum to trigger Phase 0 of ETH2.0.<\/p>\n<p>A total of <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-is-set-to-launch-eth2-0-phase-0-on-december-1st\/\" target=\"_blank\" rel=\"noopener noreferrer\">16,284 deposits of 32 ETH<\/a> are required to trigger this stage of ETH2.0 which has been estimated to occur on the 1st of December. Furthermore, the required Ethereum (ETH) needs to be deposited 7 days prior to the aforementioned date for Phase 0 to occur as planned.<\/p>\n<h2>Deposits of the Required 32 ETH Seem to Be Dropping<\/h2>\n<p>CZ musing about <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-addresses-holding-32-eth-or-more-hits-new-ath-of-125540\/\" target=\"_blank\" rel=\"noopener noreferrer\">buying 32 ETH<\/a> might be as a result of a decrease in Ethereum deposits required for ETH2.0.<\/p>\n<p>At the time of writing, there has only been one deposit for today of the minimum 32 Ethereum. Furthermore, deposits of the required Ethereum have decreased from around the 6th of November. The screenshot below from <a href=\"https:\/\/cryptoquant.com\/overview\/full\/601?window=block\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">CryptoQuant<\/a> provides a better visual cue of the situation. It is of a chart of Ethereum&#8217;s price (black) plotted alongside the number of Ethereum inflows (orange) into the ETH2.0 deposit contract per day.<\/p>\n<figure id=\"attachment_564542\" aria-describedby=\"caption-attachment-564542\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/ETH2.0-Deposits.jpg\"><img class=\"size-large wp-image-564542\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/ETH2.0-Deposits-1024x370.jpg\" alt=\"\" width=\"1024\" height=\"370\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/ETH2.0-Deposits-1024x370.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/ETH2.0-Deposits-300x109.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/ETH2.0-Deposits-770x278.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/ETH2.0-Deposits-500x181.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/ETH2.0-Deposits-240x87.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/ETH2.0-Deposits-717x259.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/ETH2.0-Deposits.jpg 1294w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><figcaption id=\"caption-attachment-564542\" class=\"wp-caption-text\">Screenshot courtesy of CryptoQuant.com<\/figcaption><\/figure>\n<h2>Why Ethereum Deposits for ETH2.0 Could be Dropping<\/h2>\n<p>According to a recent Twitter survey by the CEO of CryptoQuant.com, Ki Young Ju, 45% of respondents believe that the declining rate of ETH deposits could be due to investors not having an interest in Phase 0 of ETH2.0.<\/p>\n<p>Below is a screenshot of <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1325696715110850560\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">the survey by Mr. Ju<\/a>. The survey is still active for another 4 hours with 807 individuals having participated thus far.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/CryptoQuant-ETH2.0-Survey.jpg\"><img class=\"aligncenter size-full wp-image-564544\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/CryptoQuant-ETH2.0-Survey.jpg\" alt=\"\" width=\"592\" height=\"437\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/CryptoQuant-ETH2.0-Survey.jpg 592w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/CryptoQuant-ETH2.0-Survey-300x221.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/CryptoQuant-ETH2.0-Survey-500x369.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/CryptoQuant-ETH2.0-Survey-240x177.jpg 240w\" sizes=\"(max-width: 592px) 100vw, 592px\" title=\"\"><\/a><\/p>\n<p>From the survey, it can be observed that a significant amount of respondents believe that the reduction in ETH deposits to trigger Phase 0 of <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-stares-at-420-thanks-to-paypal-as-eth2-0-gathers-steam\/\" target=\"_blank\" rel=\"noopener noreferrer\">ETH2.0<\/a>, could also be due to a lack of staking rewards at this stage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: Binance CEO, CZ, has hinted that he will purchase 32 ETH He explained the Ethereum will be used to support ETH development 32 ETH is the minimum staking requirement on ETH2.0 ETH2.0 needs at least 16,284 validator deposits of\u00a032 ETH each to trigger Phase 0 According to CryptoQuant.com, the ETH deposits required seem to be dropping Binance CEO, Changpeng Zhao, has hinted via Twitter that he might purchase 32 ETH to support development on the Ethereum blockchain. CZ&#8217;s [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":561910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823,108120],"tags":[1119,108193,108023,1322,108194],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564539"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=564539"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/561910"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=564539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=564539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=564539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}