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Here is how some of your favorite assets concluded the week.

EigenLayer had grown by over 1,335% by June due to steady deposits and a rising Ether price.

Notcoin's (NOT) price rise has been more than surprising given the humble background of the token coming from a Telegram game.

The world's largest crypto exchange Binance on Tuesday announces new trading pairs and trading bots services on Binance Spot. Binance will list new trading pairs for top cryptocurrencies — Bitcoin (BTC), XRP, Ethereum Name Service (ENS), and Lido DAO (LDO).

Altcoins surge higher than Bitcoin when the star token breaks out of range but at the same time undergoes an extended bearish pullback, sometimes higher than BTC price retrace.

The altcoin leader, Ethereum Price, has successfully reclaimed the $3,900 mark over the past weekend by adding approximately 5% to its portfolio. With this, the ETH-based tokens have continued to record a bullish market-like situation.

it's been a good few days for LDO.

Lido (LDO), the beacon of liquid staking protocols, has ignited a blazing trail of its own. In the aftermath of the monumental approval of Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC), Lido's native token, LDO, has emerged as a phoenix from the flames, soaring to new heights and igniting the imaginations of investors worldwide.

Large wallet investors, or “whales,” have recently shown increased interest in Ethereum-based altcoins. On-chain crypto intelligence trackers have noted significant buying activity of ENS, UNI, AAVE, LDO, and LINK tokens. This surge follows the SEC's recent approval of the Ethereum ETF, which analysts interpret as a positive signal for the altcoin market.

Lido DAO price prediction: LDO, a Decentralized Autonomous Organization, has experienced a notable price rise in the past 24 hours. The Lido DAO price has surged by 13.71%, reaching $2.59.

Lido (LDO), the liquid staking protocol for the Ethereum (ETH) and Polygon (MATIC) blockchains, has seen a significant price spike in the last 24 hours following the long-awaited approval of spot Ethereum ETF applications by the US Securities and Exchange Commission (SEC) on Thursday. The protocol's native token, LDO, has successfully regained the $2.30 level and is looking to break out of its one-month downtrend structure that has been in place since the market correction in April.

Lido DAO (LDO) has seen its token price surge following the release of its Validator and Node Operator Metrics (VaNOM) report for Q1 2024. At the time of writing, LDO was trading at $2.

The cryptocurrency market for Ethereum-based altcoins is experiencing a notable surge, as a result of the approval of spot ETH ETFs, by the U.S. Securities and Exchange Commission (SEC), on May 23, 2024. This change in the U.S. watchdog regulatory position, has brought new hope to the market, causing significant price increases for various Ethereum

LDO recorded a double-digit price rally last week due to a surge in demand for the altcoin.

The U.S. Securities and Exchange Commission (SEC) may shift its stance on spot Ethereum ETFs, igniting interest in several promising cryptocurrencies. Solana (SOL), XRP, Dogwifhat (WIF), Lido DAO (LDO), and Polygon (MATIC) exhibit substantial growth indicators, attracting investors aiming for massive returns.

Lido DAO (LDO) has seen its token price increase following the resolution of a security breach involving one of its Node Operators, Numic. This situation, which raised eyebrows from investors and contributors, has been well contained with no loss of funds or disruption to the validators.

Ethereum (ETH) has seen an incredible price surge in the past 24 hours as the market reacts to news around a potential Ethereum ETF approval. The US Security and Exchange Commission (SEC) kicked off this optimism when it asked for accelerated filings of 19b-4s by issuers.

Ethereum Name Service (ENS), Lido DAO (LDO), and Pyth Network tokens staged a strong recovery this week as the fear and greed index turned green. LDO jumped to a high of $2.31 on Tuesday, its highest swing since April 12th.

Just a few hours ago, the markets were stuck within a bearish consolidation as the Bitcoin price was stuck within a range of around $67,000. Many believed the price may maintain a healthy ascending consolidation and reach $71,000.

TL;DR Covert Investment: Lido co-founders and Paradigm are reportedly funding Symbiotic, a new venture that competes with EigenLayer by allowing restaking of stETH and other ERC-20 tokens. Market Rivalry: Symbiotic's entry into the restaking market challenges EigenLayer's position, as it offers a feature EigenLayer lacks, potentially attracting various decentralized applications.

Lido, rapidly becoming the largest DeFi project since its launch, now faces new competition. Symbiotic, a company poised to enter the fast-growing restaking market, aims to challenge Lido's dominance.

A recent report reveals that Konstantin Lomashuk and Vasiliy Shapovalov, co-founder of Lido—the largest liquid staking protocol in Ethereum (ETH)—fund a competitor of Ethereum's restaking protocol EigenLayer.

Lido co-founders and Paradigm secretly fund Symbiotic, a new competitor to EigenLayer in the DeFi restaking space. The post Lido co-founders back EigenLayer rival Symbiotic — report appeared first on Crypto Briefing.

The popularity of new blockchain “restaking" protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in decentralized finance.