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The price of Lido DAO (LDO) has fluctuated wildly over the past few days amid speculations that the US Securities and Exchange Commission may ban US cryptocurrency firms from offering staking services. After witnessing a massive spike over the last four days, Lido Dao token is currently trading in the red at $2.57.
LDO, the governance token of the decentralized autonomous organization behind Lido, spiked after Coinbase CEO Brian Armstrong tweeted that he'd heard rumors that the U.S. Securities and Exchange Commission (SEC) might ban retail investors from engaging in cryptocurrency staking. The Lido protocol, governed by the LDO token, allows for the staking of ether.
Kraken has put an end to staking as a service and Coinbse could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL?
Lido and Rocket Pool didn't immediately see a massive rush in of capital after Kraken announced it had settled with the SEC.
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Lido. Ethereum (ETH) With the bullish momentum lost, Ethereum has entered a corrective phase, dropping by 5.9% in the past week.
The Lido Finance [LDO] price increased against the broader market sentiment after Coinbase CEO Brian Armstrong raised an alarm about a possible crypto staking ban. But why has Lido gained after speculation of a potential prohibition?
The value of the Lido DAO governance token, LDO, has seen a surge in response to comments made by Coinbase CEO Brian Armstrong about a
The crypto market has been seeing a slowdown since bitcoin's rejection at $24,000 and its subsequent decline below $23,000. However, there are some cryptocurrencies that have still found a way to register upward momentum even at a time when the broader digital asset market seems to be turning bullish.
The sudden price uptick of governance tokens for the largest liquid staking protocols Lido Finance, Rocket Pool and Frax Finance defies the decline of the broader crypto market.
Staking liquid Lido V2 will allow Ethereum staking reward withdrawals and better staking infrastructure.
Lido rose by more than 5% at some point today to its highest level since August on rumors Goldman Sachs' SEC wants to ban staking.
Lido token (LDO), the utility and governance token for the Lido Decentralized Autonomous Organization (DAO) that controls Ethereum liquid staking protocol Lido, has seen significant upside volatility in the past few days. LDO, up around 14% in the last seven days, came within a whisker of its highest levels since August 2022 on Thursday after momentarily surpassing the $3.0 per token mark.
Crypto News: Amid the upcoming Shanghai upgrade for the Ethereum network, Lido DAO, and Rocket Pool has been in the news over the past week. While the Crypto market generally recorded a 2.35% decrease in the last 24 hours, many assets faltered, but some tokens like LDO and RPL recorded exponential gains.
The token of the largest Ethereum liquid staking provider Lido Finance, LDO, has seen a strong rally in the past few hours. After Coinbase CEO Brian Armstrong shared the rumor that the U.S. Securities and Exchange Commission wants to ban retail crypto-staking in the U.S., the LDO price ballooned by more than 22%.
Cryptocurrency Lido Finance (LDO) has experienced a significant rally on the market after a tweet was shared by CEO of Coinbase Brian Armstrong. Armstrong tweeted his concerns about the rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers, which he believes would be a terrible path for the U.S. He emphasized that staking is a crucial innovation in the crypto space that allows users to participate directly in running open crypto networks, bringing many positive improvements, including scalability, increased security and reduced carbon footprints.
Lido [LDO], a protocol in the DeFi ecosystem, has observed significant improvements over the past week. Notably, the protocol took advantage of its press time growth by upgrading its technology.
The SEC has declined to comment on rumors that it intends to classify tokens that allow staking as securities.
The team behind the protocol has revealed the proposal for Lido V2, which will be the protocol's largest upgrade to date. First Upgrade - Staking Router On Tuesday, the technical contributors behind Lido presented the proposal for the V2 upgrade, which is slated to further the protocol's move toward complete decentralization.
Lido Finance unveiled version 2 of its protocol to allow for withdrawal of staked ETH in preparation for Shanghai upgrade.
Not everyone makes money in crypto market! Brutal yet true!
Lido Finance's [LDO] tweet on 6 February highlighted the impressive growth of MakerDAO [MKR] and Aave's [AAVE] lending pools on its protocol. Over the last week, MakerDAO's steCRV experienced a surge of 636%, while Aave's Wrapped stETH [wstETH] increased by 140%.
Key Points: Lido Finance has completed the design for the second iteration of its protocol, which will add support for Ethereum staking withdrawals post-Shanghai and rebuild the Staking Router to increase the platform's decentralization. According to a blog post, the proposals were presented to the Lido community.
LDO Rises 15% as Lido V2 is announced to further decentralize Ethereum.
As the Shanghai upgrade launch draws near, Ethereum staking-compatible platforms are preparing to release deposited ETH back to stakers. Earlier today, one of the largest Ethereum liquid staking protocols, Lido Finance, released details concerning its latest upgrade ahead of the Ethereum shanghai hard fork.
