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Five cryptocurrency whales have sold nearly $8 million in Lido (LDO) tokens following a Securities and Exchange Commission (SEC) enforcement. These crypto whales have sent 4.44 million LDO to a Binance address at over $2.6 million losses.
Lido generated more fees than Ethereum fees in the recent period.
Lido has reported a rise in staked Ethereum on its platform despite the US Securities and Exchange Commission (SEC) classifying its staking programs as securities in its lawsuit against Consensys. Staked Ethereum increase A July 2 report showed that Lido users staked an additional 95,616 ETH between June 24 and July 1.
Since last week, Bitcoin has been trying to recover after dipping to $58,562. Although it nearly reached $63,976 on July 1, increased selling pressure and continued selling of Bitcoin by the German government forced its price back down to $60,490, reflecting a 3.6% drop.
Lido, which is a leading liquid staking provider, is preparing for a big move. It is set to integrate a diverse set of Ethereum node operators. The said decentralisation plan of Lido aims to enhance its staking protocol.
The Ethereum Foundation saw its email account hacked to promote a scam masquerading as a Lido staking scheme. According to a recent announcement, the Ethereum Foundation's email account used to send official updates was compromised on June 23.
On June 23, the email of the Ethereum Foundation was compromised in order to promote a scam crypto staking service on Lido.
Lido DAO (LDO), the innovative liquid staking solution on the Ethereum network, has been on a wild ride lately. After a stellar run, the past week saw LDO plummet 24%, mirroring the broader cryptocurrency market's turbulence.
The Ethereum Foundation announced Tuesday that its email account used for updates was hacked on June 23 to promote a phishing scam. However, the foundation has since regained control of the account, putting an end to the distribution of malicious emails.
A hacker broke into the Ethereum Foundation's email server and sent scam emails to 35,794 people, recording 81 subscriber email addresses in the process.
United States' SEC is keeping busy again. This time, by targeting the likes of Lido and Rocket Pool.
Lido DAO (LDO) and Ethena (ENA) are two of the biggest losers in the past 24 hours as the market reacts to the latest crypto regulatory news. Despite this, optimism around Bitbot (BITBOT) is high as the community claims tokens after a successful presale.
The US Securities and Exchange Commission (SEC) has intensified its legal battle with the crypto industry by filing a lawsuit against ConsenSys, a blockchain firm known for its MetaMask wallet product and its focus on the Ethereum network.
Lido DAO (LDO) and Rocket Pool (RPL) prices are sharply down on Friday.
SEC sues Consensys for the services provided on Metamask, a popular Ethereum wallet The commission
In the last seven days, LDO has surged by 5.64% defying market trends.
The Ethereum price has been trading close to $3400, even though the bears are trying their best to slash the levels below $3200. In the meantime, Ethereum Name Service (ENS) is forming a constant ascending trend, which will end up reclaiming the price's initial highs.
As June nears its end and market activity picks up in anticipation of a potential Spot Ethereum ETF launching in July, crypto whales have begun accumulating some assets.
LDO price jumped significantly after Jump Crypto's president announced his departure from the Chicago-based Web3 firm. Notably, a few members of the digital asset community were ecstatic that the executive decided to leave the firm.
Aave's decentralized autonomous organization (DAO) is evaluating a proposal to join the Lido Alliance and establish a dedicated market for the liquid staking protocol's staked Ethereum (stETH) token. The Lido Alliance aims to promote infrastructure development around stETH, focusing on restaking use cases.
LDO and MKR have been defying the recent market slump, with their prices holding steady.
TL;DR Lido DAO surpasses Ethereum fees thanks to increased activity and use of scalability layers. The re-staking program is growing and competes with EigenLayer. The fat app trend is attracting more users and generating significant revenue for DeFi protocols.
The recent Lido DAO (LDO) price analysis has proven highly accurate. On Friday, June 21, the recommendation was to short LDO at the resistance level of $2.30, with an expected drop to the $2.00 support level.
Lido DAO fees are inching up due to increased interest in staking ETH. They briefly surpassed Ethereum's, as the major network saw lowered direct usage.
