Lido DAO Activates 'Community Staking' for Easier Ethereum Solo Staking
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.
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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.
Ethereum (ETH) has faced significant challenges. As Bitcoin maintains a slight upward trajectory, Ethereum has notably underperformed, dropping 2.38% in the last 24 hours—making it the largest loser among the top ten cryptocurrencies by market capitalization.
Ethereum is the laggard in this bullish cycle. When Bitcoin soared to register fresh all-time highs, easing past $70,000 in March, ETH prices struggled to break $4,000.
The crypto market experienced its second-largest liquidation event in October as both Bitcoin (BTC) and Ether (ETH) saw a sharp price drop. The total liquidations on October 23 amounted to $261 million, with $203.5 million of that wiped out from long positions.
Ethereum co-founder Vitalik Buterin has outlined key steps for Ethereum's scaling, emphasizing the role of Helios, a multichain light client. Following ETH's path toward scalability and decentralization, Vitalik Buterin noted that implementing Helios and similar solutions to mobile and desktop wallets is crucial for light client verification on Ethereum's Layer 1 and Layer 2 networks.
The current market sentiment is quite confusing and unpredictable regarding whether the price of the asset will rally or crash. Given the current market conditions, an Ethereum Whale that holds nearly $23 million worth of ETH has dumped its entire holding after holding it for 10 months.
Behind the scenes of Ethereum price struggles comes increased netflows to derivative exchanges, which signal potential market volatility.
ETH/BTC ratio drops to 0.037, lowest since April 2021. Key support zones identified at 0.038 and 0.035 BTC levels.
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.
Ethereum users have recently encountered a sharp increase in transaction fees, which surged to over $4 amid the excitement surrounding a new Layer 2 (L2) token airdrop. This spike marks the third notable increase since the Dencun upgrade, which was intended to streamline transactions and reduce costs.
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.
Cryptocurrency markets are trading lower despite whale transactions rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,789.25 -1.9% Ethereum (CRYPTO: ETH) $2,471.40 -2.5% Solana (CRYPTO: SOL) $167.86 -5.4% Dogecoin (CRYPTO: DOGE) $0.134 -5.6% Shiba Inu (CRYPTO: SHIB) $0.00001721 -3.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 12.5% and daily active addresses dropping by 6.3%.
Japanese financial leaders propose crypto ETFs focused on Bitcoin and Ether. The post Japan's financial group pushes for Bitcoin and Ether for crypto ETFs appeared first on Crypto Briefing.
The growth has positioned Solana on the path to extending its rally past $200.
Solana's (CRYPTO: SOL) network on Oct. 24 reached a record high in real economic value, totaling $11,089,500 from transaction fees and Maximal Extractable Value (MEV) tips. What Happened: This milestone comes as Solana gains traction against Ethereum (CRYPTO: ETH), surpassing it in transaction fees and MEV tips since Oc.
Data from TradingView on October 25 indicated that the ETH/BTC ratio had fallen briefly below 0.037. The rate was the lowest the pair had reached since April 2021, marking a 30-month low.
Ethereum (ETH) creator Vitalik Buterin is not seeing eye to eye with Microstrategy executive chairman Michael Saylor when it comes to the custody of Bitcoin (BTC).
Ethereum could be preparing to bounce from a demand zone at $2,500, as fresh activity in ETH derivatives markets catches traders' attention.
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.
Bulls aim to knock out Bitcoin's all-time high before the US elections wrap up. Will altcoins follow?
Ethereum's price recently faced resistance in its journey toward the $3,000 mark, struggling to secure $2,700 as a solid support floor. The recent price action saw unexpected selling pressure that prevented further gains, yet this offloading seems to be easing.
US-based crypto exchange Kraken has unveiled its Ethereum (ETH) layer-2 blockchain that will be launched on testnet later this year. In a statement, Kraken says the layer-2 blockchain, called Ink, is designed to enable seamless access to decentralized finance (DeFi).
Lido DAO voted to incorporate the community staking module, a step towards creating a fully permissionless staking protocol.
The new solution enables more independent stakers to participate, thereby focusing on Ethereum's decentralization and security.