Coinbase, the largest Ethereum staking custodian, has faced criticism for its lack of transparency regarding its staked ETH holdings. Estimates suggest that Coinbase manages around 21% of all staked ETH, but the company has not provided any details or disclosed information on its staked ETH. This lack of transparency raises concerns about the integrity of Coinbase's staking operations, especially as its frequent address rotations and custody structure make tracking difficult. The article suggests that greater transparency from Coinbase could enhance trust in its staking products and increase the adoption of cbETH. The price of Ethereum has been stable, with a slight upward trend and minor corrections. The Relative Strength Index (RSI) suggests a neutral-to-bearish zone for ETH, while the MACD indicator points to a bearish trend but with signs of a possible bullish reversal.



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