Ethereum requires a massive 32 ETH to stake as a result about 64% of all staked ETH is with centralized entities and exchanges . If most exchanges don’t turn out sustainable or are obliged to listen to their government. What does it mean for ETH and crypto? : ethereum

I’m sorry if this has been asked before but I can’t find an intelligent answer without it being called FUD. I’m not spreading FUD just looking for an answer.

After the merge , ETH requires a minimum of 32 ETH which is a lot for the average investor. As a result exchanges and other platforms are being used to stake ETH. This is clearly a case of “Not your keys , not your coins”

64% of staked ETH controlled by 5 entities

Lido Finance 31 %

Kraken 8.5%

Coinbase 15%

Binance 6.5%

While a fifth unlabelled group of validators holds 23% of staked ETH. \ -Source

With the recent FTX crash and Binance FUD going on , let’s consider the worst. If all exchanges turn out unsustainable or regulations make exchanges comply to their government for what ever reason. What does it mean for ETH and crypto ?