- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Analysis: Garrett Jin Involved in Creating Ethereum Staking Pool, Around 886,000 ETH Previously Centralized
BlockBeats News, January 6th, on-chain detective Eye revealed that the "BTC OG Insider Whale" agent Garrett Jin, through his company XHash, participated in creating two Ethereum staking pool contracts — Eth2Depositor (0x2F4) and EthBatchDepositor (0xE00).
Data shows that approximately 886,440 ETH (approximately $40.7 billion) was deposited into the above-mentioned staking pools, with a staking period of about four months. The fund source was traced back to the sale of BTC on Hyperliquid/Hyperunit during the 8-9 month period. Recently, this portion of ETH has been completely unstaked.
Further investigation shows that the related company is registered on LinkedIn under the name "Hypercieve," located in Singapore, with one of the co-founders being Jack Chen. Jack Chen is also the founder of the Bitcoin mining company SpiderPool. It is worth noting that Jack Chen and Garrett Jin once worked in the same department at HTX:
Jack Chen: COO (2014–2016)
Garrett Jin: COO (2014–2015)
Eye pointed out that the two have long been closely cooperating, and Jack Chen is highly likely to be one of the key figures managing a fund pool of around $10 billion.
You may also like
What’s Driving Crypto Markets in Early 2026: Market Swings, AI Trading, and ETF Flows？
Imagine checking Bitcoin and Ethereum prices in a day — one minute up 5%, the next down 4%. Sharp moves, quick reversals, and sensitivity to macro signals marked the first week of 2026. After an early-year rally, both assets pulled back as markets recalibrated expectations around U.S. monetary policy and institutional flows. For traders — including those relying on AI or automated systems — this period offered a vivid reminder: abundant signals do not guarantee clarity. Staying disciplined in execution is often the real challenge.
Kinetiq Exclusive Interview: From Hyperliquid's Largest LST Protocol to the "Exchange Factory"
Glassnode New Year Report: $95K Call Option Premium, Bulls Shift to Aggressive Offense
Base contributes 70% of revenue but pays only 2.5% in rent; Superchain may be entering its "forking" countdown
ZCash Team Split, Bank of America Upgrades Coinbase Rating, What's the Overseas Crypto Community Talking About Today?
December Exchange Rankings: CEX and DEX Simultaneously Weaken, On-Chain Perpetual Contract Trading Volume Declines by 30%
Key Market Info Discrepancy on January 9th - A Must-Read! | Alpha Morning Report
Aster Coin: A Deep Dive into Its Price, Potential, and Why It’s Catching Eyes in 2026
Have you ever stumbled upon a crypto project that seems poised for growth amid market volatility, only to…
Left Hand BTC, Right Hand AI Computing Power: The Gold and Oil of the Data Intelligence Era
Wyoming’s FRNT Stablecoin Launches — First State-Backed Stablecoin Hits Market
Key Takeaways Wyoming leads innovation in the U.S. by launching the first state-backed stablecoin, FRNT, representing a pivotal…
Solana Price Prediction: Morgan Stanley Just Filed for a SOL ETF – Is This the Beginning of Wall Street’s Next Crypto Obsession?
Key Takeaways Morgan Stanley’s filing for a SOL-based ETF signifies growing institutional interest in cryptocurrencies beyond Bitcoin, boosting…
Binance Launches Regulated Gold and Silver Perpetual Futures Settled in USDT
Key Takeaways: Binance has introduced its first regulated perpetual futures contracts, which are tied to traditional assets like…
Ondo Finance Price Prediction – ONDO Anticipated to Decrease to $0.331411 by Jan 12, 2026
Key Takeaways The prediction for Ondo Finance (ONDO) indicates a significant price decline to $0.331411, translating to a…
Capital Inflows into Bitcoin: An Examination of Current Trends and Future Implications
Key Takeaways Institutional long-term holding strategies have reshaped Bitcoin’s traditional market cycles. Capital inflows into Bitcoin have dried…
Why Ethereum Can’t Compete on Speed Alone
Key Takeaways Vitalik Buterin emphasizes the importance of bandwidth scaling over latency reduction for Ethereum’s future. Ethereum’s design…
Bitmine Perseveres with Ethereum Staking, Adds Over $344 Million More in ETH
Key Takeaways Bitmine has significantly increased its Ethereum holdings by adding nearly 100,000 ETH valued at $344.4 million.…
Key Market Insights for January 8th, how much did you miss out on?
From Manus' Shihong onwards, those Coinsquare interns
What’s Driving Crypto Markets in Early 2026: Market Swings, AI Trading, and ETF Flows？
Imagine checking Bitcoin and Ethereum prices in a day — one minute up 5%, the next down 4%. Sharp moves, quick reversals, and sensitivity to macro signals marked the first week of 2026. After an early-year rally, both assets pulled back as markets recalibrated expectations around U.S. monetary policy and institutional flows. For traders — including those relying on AI or automated systems — this period offered a vivid reminder: abundant signals do not guarantee clarity. Staying disciplined in execution is often the real challenge.
App