[BitMine Pushes Ethereum Staking Queue to Over 44 Days, Setting a New High for 2023] According to a report by Golden Finance, due to the large-scale staking by major ETH holder BitMine Immersion (BMNR), the Ethereum network is experiencing a backlog in staking queues. Currently, new validators must wait over 44 days to start earning staking rewards, marking the longest waiting period since July 2023. Over 2.55 million ETH (approximately $8.3 billion) are pending activation, with BitMine staking over 1.25 million ETH this week alone, accounting for one-third of its holdings.