Bitcoin (BTC) continued towards the $100,000 mark, rising to a new all-time high of $99,314 before declining to its current level of $99,124. BTC is now up 45% since Donald Trump was announced as the winner of the US elections.

Hyve, a data availability protocol secured by the permissionless shared security platform Symbiotic, has announced a collaboration with Lido to introduce wrapped stETH as its first collateral.

A federal court in California has ruled that members of Lido DAO, the decentralized autonomous organization (DAO) behind the popular Lido staking protocol, are legally liable under the state's partnership laws. This ruling marks a significant step in the ongoing efforts to clarify the legal status of decentralized organizations within the United States and could have broad implications for the crypto space.

The cryptocurrency market continues to see significant shifts in 2024, with Pendle (PENDLE) emerging as one of the standout performers. After a year of impressive growth, Pendle has risen by 355% year-to-date, with its total value locked (TVL) reaching a robust $3.392 billion.

A significant legal development occurred for Lido DAO as the U.S. District Court for the Northern District of California ruled against the decentralized autonomous organization (DAO) in a high-stakes lawsuit. Lido DAO had argued that it was not a legal entity and, therefore, could not be held accountable in court.

A recent ruling by the U.S. District Court for the Northern District of California has determined that Lido DAO, a cryptocurrency staking platform, qualifies as a general partnership under state law.

Pendle climbs 355% YTD with TVL at $3.392B. Will the December monthly candle break the all-time high?

Lido DAO's efforts to shrug off a securities case have fallen through.

A recent ruling from a California court has implications for decentralized autonomous organizations (DAOs), especially those involved in Ethereum (ETH) liquid staking.

An unlikely outcome has resulted in a case reported by an investor against Lido DAO. The court has ruled that since Lido DAO is an association of more than two persons, it falls under partnership laws.

Judge Vince Chhabria, in his ruling, raised concerns about whether individuals in the cryptocurrency industry can avoid legal accountability by using unconventional legal structures to profit from innovative financial instruments.

A Pendle whale has made a significant windfall, realizing an eye-popping $8.16 million profit from its recent investments in the Pendle token (PENDLE). This impressive gain, amounting to a 680% return on investment (ROI), highlights the growing demand and excitement surrounding Pendle, a decentralized finance (DeFi) project.

ENS is like your online phonebook, giving you your own “domain” name that you can use in the world of blockchain. Now, the team behind ENS is taking things up a notch by building a new network called “Namechain.

The crypto market is slowly returning to its full potential, where crypto trading is all about new gains and profits. In the last few days, the bulls have taken over the market.

ENS Labs, the organization behind Ethereum Name Service (ENS), has revealed a Layer-2 solution to boost the scalability of blockchain-based identities.

TL;DR ENS Labs plans to launch its own Layer 2 network called Namechain by the end of 2025. Namechain will focus on interoperability and offering cheaper access to ENS. The project is part of the ENSv2 initiative to expand ENS on Ethereum Layer 2 networks.

Ethereum Name Service (ENS), one of the most established solutions for digital identity on blockchain, is preparing for a major update. ENS Labs, the organization behind ENS, has announced the intention to launch a dedicated Layer-2 network called “Namechain”, based on zero-knowledge rollup (zk-rollups) technology.

ENS Labs, the team behind the Ethereum Name Service (ENS), is moving forward with plans to launch a dedicated layer-2 network called Namechain.

ENS Labs announced plans to launch "Namechain," a layer-2 blockchain using zero-knowledge rollups, scheduled for late 2025 release, aimed at reducing transaction costs while maintaining security for their domain naming service.

ENS Labs has introduced “Namechain,” a new Ethereum layer 2 solution designed to enhance scalability and accessibility for blockchain-based identity. The post ENS Labs Unveils ‘Namechain' Ethereum Layer 2 Solution to Scale Blockchain Identity appeared first on Cryptonews.

Ethereum's ENS work similar to web addresses that simplifies wallet addresses. For instance, Vitalik Buterin uses “Vitalik.eth” instead of a long address.

Namechain is designed to prioritize interoperability and allow users to start ENS from 'any L2 network.'

ENS Domains has announced the launch of Namechain, a purpose-built Layer 2 solution that marks a significant evolution in the Ethereum Name Service (ENS) ecosystem. This development is part of the broader ENS v2 initiative, aimed at reducing costs and enhancing performance for users.

The new Ethereum layer 2, Namechain, will make it easier to register names, update records and manage decentralized websites.

The new Ethereum layer 2, Namechain, will make it easier to register names, update records and manage decentralized websites.

Namechain, as the layer-2 blockcain is called, will use a zero-knowledge rollup for scaling and is likely to go live around the end of 2025.

According to recent on-chain data from EtherScan, Pendle team has transferred a whopping 2.025 million tokens to Binance, worth about $11.11 million. PENDLE token is swapped hands at about $5.51; it has increased over 4% over the last 24 hours and impressively 25.28% over the last 7 days.

Pendle's price action has stalled recently, raising concerns among investors as on-chain data reveals that the Pendle team has been selling off significant amounts of the token. With this new development, questions are swirling about whether Pendle is at risk of a major price drop in the near future.

Pendle price rallied to a four-month high as the positive sentiment in the crypto industry remained. It jumped to an intraday high of $5.69, continuing a bull run that started on August 5 when it bottomed at $1.828.

Paradigm Capital, a prominent player in the cryptocurrency investment space, has made a significant move involving 70 million Lido DAO (LDO) tokens amid the ongoing crypto bull market. In a strategic transfer that took place over the past six hours, Paradigm Capital moved 8.18 million LDO tokens worth approximately $11.29 million to Coinbase Prime.

Crypto prices today stirred a whirlpool of speculations among market watchers globally, showcasing mixed price actions. While Bitcoin (BTC) maintained a trading session in the green at the $75K level, altcoins mainly reflected a turbulent market sentiment.

LDO rallies 32% with bullish momentum building, supported by rising volume and positive metrics.

The crypto market continued its upward surge, posting a strong 7.41% increase over the past 24 hours and lifting the global market cap to an impressive $2.46 trillion. Trading volumes soared by an astounding 128.03%, touching $192.7 billion.

Lido DAO recorded a strong bull run as positive sentiment surrounds the crypto market. Data shows increased whale accumulation around the asset.

With altcoins struggling to sustain the bull run amid the market chaos, Toncoin and Pendle are crashing below crucial levels. While Toncoin heads below $4.63 support, Pendle breaks the 50-day EMA support.

The cryptocurrency market has started the week with a noticeable recovery, bringing renewed buying pressure across many altcoins. One standout performer is Pendle (PENDLE), which has recently climbed to a price of $4.52, marking an impressive 18% increase over the past month.

With the crypto market starting the week on a recovery note, the altcoins are witnessing a refreshed surge in buying pressure. Among the top performers, Pendle (PENDLE) has hit the $4.5 market price with an 18% jump in the last 30 days.

Lido DAO price fell sharply as the broader crypto market pared gains alongside Bitcoin's dip to near $70,700. On Oct. 31, the price of Lido DAO (LDO) declined over 10% to trade near $1.05 before regaining some ground.

A crypto strategist who accurately called the Bitcoin (BTC) correction earlier this year thinks a decentralized finance (DeFi) altcoin is getting ready to erupt.

Lido has launched a new cross-chain staking system using Chainlink's CCIP technology, enabling users to stake ETH directly from Arbitrum, Base, and Optimism through a single transaction.

Lido has announced the integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain staking across Ethereum layer-2 networks such as Arbitrum, Base, and Optimism, according to an Oct. 29 statement shared with CryptoSlate.

GMX-Solana has adopted Chainlink's Data Streams as its official Oracle solution for price data, funding rates, and liquidations. In parallel, Chainlink's Cross-Chain Interoperability Protocol (CCIP) has facilitated cross-chain staking for Lido, broadening accessibility to staked Ethereum (ETH) on Layer-2 (L2) networks.

Lido Finance has launched a "community staking module" to enhance Ethereum staking accessibility, following approval from Lido DAO members.

Lido DAO has taken a big step toward decentralization by voting to add a community staking module, moving closer to a fully open and permissionless staking protocol.

Liquid staking protocol Lido launched its Community Staking Module (CSM) on the Ethereum (ETH) mainnet on Oct. 25. The CSM allows any user staking ETH to become a solo validator.

LidoDAO has launched the Community Staking Module (CSM), a major advancement for solo staking on the Ethereum network. This new feature simplifies access to staking by lowering the entry requirements for node operators.

Despite the lackluster performance of many cryptos this week, a few altcoins crypto whales bought and increased their exposure.

TL;DR Lido DAO has approved the activation of the Community Staking Module (CSM) on Ethereum, facilitating access for independent stakers to strengthen decentralization. The CSM allows validators to operate with a minimum capital of only 2.4 ETH, thereby reducing entry barriers for new participants.