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Grayscale Investment announced the launch of two investment vehicles on December 12. Grayscale Lido DAO Trust and Grayscale Optimism Trust will offer investors exposure to the governance tokens of Optimism Protocol, OP, and Lido DAO, LDO.
Grayscale Investments, one of the largest asset managers, has announced the launch of two new investment products to expand the offering list to its clients.
Grayscale has announced the launch of two new crypto investment vehicles, the Grayscale Lido DAO Trust, and the Grayscale Optimism Trust.
The new trusts provide exposure to the governance tokens of Lido DAO (LDO) and Optimism (OP), targeting accredited investors seeking indirect participation in Ethereum's ecosystem.
TL;DR Grayscale Investments launches two new investment vehicles: Lido DAO Trust and Optimism Trust, offering exposure to both protocols. Lido DAO Trust provides access to the LDO token, which facilitates liquid staking on ETH. Meanwhile, Optimism Trust offers exposure to the OP token, aimed at improving ETH scalability.
Grayscale Investments has expanded its lineup of crypto investment products with the launch of the Lido DAO Trust and Optimism Trust. The asset manager announced on Dec.
The new funds add to Grayscale's expanding suite of single-asset crypto products.
Digital assets manager Grayscale Investments has reportedly added Optimism (OP) and Lido DAO (LDO) to its growing list of Trust products. Considering the different market niches the duo of Optimism and Lido DAO represents, Grayscale aims to expand its reach in both the Ethereum L2 and staking niches.
A prominent whale has deposited 1.4 million Lido DAO (LDO) tokens worth $3.03 million onto the Binance exchange. This move comes after the whale, who had held these tokens for nearly three years, reached a break-even point in terms of price.
DeFi tokens experience short-term volatility amid whale activity, with key players like Aave, Maker, and Lido DAO navigating crucial levels. While the market shows mixed signals, long-term trends hint at potential bullish momentum for these tokens.
Analysts expect BTC to correct before resuming its rally.
According to a recent decision from the US District Court for the Northern District of California, decentralized autonomous organizations, or DAOs, may not provide the liability protection the industry once thought.
Lido DAO (LDO) has recently grabbed attention in the cryptocurrency market as its price surged, breaking out from a descending channel that had suppressed its value for months. This breakout has fueled speculation about whether the token can sustain its upward trajectory and reach the next significant milestone at $4.
The $LDO token representing liquid staking protocol Lido DAO is one of crypto's most volatile assets today, having traded against during a market slump, before multiplying the losses of market leader Bitcoin ($BTC). Bitcoin dropped by as much as 6% in 24 hours by lunchtime UTC today.
LDO, the native token of leading Ethereum staking provider Lido DAO, has witnessed an 8% price hike over the past 24 hours. Trading volume has also jumped by 58% during the review period, reflecting the surge in activity around the altcoin.
LDO's breakout has captured attention, with $4 emerging as a potential milestone.
Cryptocurrencies experienced mixed trends today, with Bitcoin (BTC) falling below $94K amid cautious market sentiment. Meanwhile, Lido DAO (LDO) and Arbitrum (ARB) emerged as the day's top performers, gaining more than 6% each. The global crypto market cap fell 2% to $3.27 trillion, while trading volume surged by 22%, hitting $241 billion.
Following the recent bullish rally, cryptocurrency prices today are facing selling pressure, with market sentiment shifting towards cautiousness. Bitcoin (BTC) has dropped to the $93K level today.
Bitcoin rally stalls as few altcoins lead the day's gains.
A recent US District Court ruling on Lido DAO has sent ripples through the cryptocurrency world, profoundly impacting decentralized autonomous organizations (DAOs). On November 18, 2024, Judge Vince Chhabria of the Northern District of California classified Lido DAO, a prominent DAO in the crypto market, as a general partnership under California law.
Lido is one of the most important liquid staking protocols within the Ethereum ecosystem. Its model allows users to earn rewards from staking Ethereum (ETH) without losing liquidity, through the use of liquid tokens such as stETH and wstETH.
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.
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.
