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BNY Will Support Ethereum Staking
BNY will offer institutional clients Ethereum staking through Figment’s validator infrastructure.
Happy Friday, November 13, 2026.
The price of ETH dips below $2,000 (again). The Bank of New York Mellon (BNY) adds infrastructure for Ethereum staking. Optimum mump2p adoption covers 7.8% of staked ETH. And Ethos Network opens to all users.
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BNY Adds Infra For Ethereum Staking
The Bank of New York Mellon (BNY) is adding support for Ethereum staking to its Digital Asset Custody service through a collaboration with Figment. Eligible asset managers, ETF issuers, corporates, and wealth management firms will be able to stake supported assets held on the platform using Figment’s validator infrastructure within BNY’s existing custody and servicing model.
The arrangement lets institutional clients access staking through their existing BNY custody workflows, while Figment operates the validator infrastructure. BNY previously announced a separate staking collaboration with Galaxy in August. Bank of New York Mellon holds over $2.2 trillion in assets under management and over $63 trillion in assets under custody.
Optimum mump2p Covers 7.8% Of Staked ETH
Optimum says its mump2p block-propagation protocol now covers 7.8% of staked ETH, about 3.4 million ETH, just three weeks after launching on Ethereum mainnet. The service runs alongside Ethereum’s standard GossipSub networking, sending coded block fragments that allow receiving nodes to reconstruct data without waiting for every fragment.
In its performance report, Optimum measured mump2p arriving first in 92.1% of 50,273 slots, with an average lead of 223 ms at the 95th-percentile arrival point and a 2.1-times tighter propagation spread than GossipSub. The figures come from Optimum’s own network and are based on comparisons between Optimum’s network and Xatu reference nodes.
Ethos Network Opens For All Users
Ethos Network, an onchain reputation protocol, removed its invite requirement, opening signups to anyone. Invites were used to keep the network small while its credibility scores matured. Ethos now says human verification and its score can filter spam without a gatekeeper. New accounts can sign up but start with little credibility: unverified profiles without reviews or vouches carry little weight. Existing invite relationships remain, and members can still invite someone by ETH address. Apps such as Credifi, an undercollateralized lending protocol, use Ethos scores.
Misc News
Catch up with Ethereal News Weekly #47. Maple Finance co-founder and COO departs. Ethereum app developers are urged to join ACDT to discuss Glamsterdam gas repricings, including EIP-8037 and EIP-8038.
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