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On-chain analytics firm IntoTheBlock has shared a peek into the Ethereum (ETH) Liquid Staking Derivatives market. Lido Finance is the current leader in liquid staking.
The Lido DAO token (LDO) lost around 5% of its price in 24 hours and 15% in one week. The token was affected by rumors claiming the DAO had received a Wells Notice from SEC.
In its latest "weekly rollup" episode last Saturday (March 4), popular crypto podcast Bankless spread a rumor that the Security and Exchanges Commission (SEC) was going after staking platform Lido ($LDO), causing the latter to dip by roughly 20% from a resistance level of $2.6 based on data from CoinMarketCap. The rumor suggests that the SEC has issued a Wells Notice to Lido, meaning that the commission is planning to pursue enforcement actions against the liquid staking platform.
The cryptocurrency space is no stranger to rumors and misinformation. In the world of cryptocurrency, rumors, and FUD (fear, uncertainty, and doubt) spread like wildfire.
The Lido protocol was on an impressive run over the past few months. However, due to the FUD caused by the recent SEC speculation, the Lido protocol was impacted negatively.
Lido token (LDO) plummeted by almost 20% since Friday after the rumors of a Securities and Exchange Commission (SEC) Wells Notice.
Crypto podcaster David Hoffman spread (and then retracted) a rumor that the SEC had delivered a Wells Notice to the decentralized staking service.
Lido Finance just released its latest quarterly report revealing the state of node operators. The timely nature of the report may offer some insights into how Lido has been preparing for the aftermath of the Ethereum Shanghai upgrade.
The call by Lido Finance [LDO] on its community to approve withdrawals on its Staking Router might have yielded the much-needed fruits.
During the past 30 days, the total value locked (TVL) in Lido Finance's liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol's dominance in decentralized finance (defi) has also increased, with its TVL accounting for 19.08% of the $49.66 billion locked in defi today.
Key Points: A turnkey onramp to Lido staking infrastructure has been developed for financial institutions by BridgeTower Capital, a blockchain infrastructure and integration platform that runs over 8,000 validator nodes.
Lido Finance, a liquid staking protocol for Ethereum, activated a "staking rate limit" after more than 150,000 ETH was staked in a single day. The mechanism aims to address any negative effects of high inflows, limiting the amount of staked Ether that can be minted within a 24-hour timeframe.
The announcements highlight BridgeTower's emphasis on regulatory compliance.
Lido is gearing up for Ethereum's upcoming Shanghai upgrade.
The native token of liquid staking protocol Lido Finance, $LDO, has been bucking the recent bearish trend seen in the cryptocurrency space, with a 45% rise over the past 30 days and an over 200% rise since the beginning of the year. According to market data, $LDO is currently changing hands for around $3.
The Total Value Locked (TVL) for Lido [LDO] increased significantly during the past month, according to statistics from DefiLlama. Moreover, LDO experienced tremendous price growth since the start of 2023.
Some Ethereum Ecosystem coins are up as the community awaits the Shanghai upgrade. According to the Ethereum developer team, the Shanghai upgrade would allow validators to withdraw their staked Ether from the Beacon Chain to the executive layer.
A crypto whale—possibly Justin Sun—staked over 150,000 ETH through the protocol on Saturday.
According to data provided by lookonchain, it was observed that the co-founder of MakerDAO, Rune Christensen, bought MKR tokens while exiting his LDO positions.
Lido has activated one of its safety features on ETH staking amid a total of150,00 ETH staked was witnessed in a single day. This comes after Justin Sun recently made massive ETH stakes.
Deposits into liquid staking protocols like Lido Finance grew to over $14 billion on Monday, as Ethereum's upgrade for staked withdrawals draws nearer. Liquid staking now boasts crypto's second-largest industry, topping lending markets in terms of total value locked.The hype around Ethereum's Shanghai update and staked Ether withdrawals has seemingly boosted liquidity and interest in liquid staking services.
Lido Finance, a liquid staking protocol, has employed a safety measure to control the staking rate after recording over 150,000 ETH staked in one day. The protocol announced this development via Twitter.
150K ETH staked on Lido Finance which activated a staking rate limit has been linked to Tron's founder, Justin Sun.
The staking protocol has activated its Staking Rate Limit safety feature to avoid side effects like reward dilution.
