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Coinbase invested in Rocket Pool, a liquid staking network on Ethereum with 3,100+ node operators, supporting decentralization and scaling efforts.
Cryptocurrencies moved sideways on Thursday as traders waited for the upcoming US inflation data. They also wavered after the Securities and Exchange Commission (SEC) moved to appeal the partial victory by Ripple. Bitcoin was still consolidating at $29,500 while Ethereum was stuck at $1,850. Several altcoins were in the green.
Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices falling below the key $30,000 level on Friday. Ethereum (CRYPTO: ETH) also moved lower, trading below the key $1,900 mark this morning.
BeInCrypto looks at the five biggest crypto losers in the entire crypto market this week, specifically from July 14 to 21.
Liquid staking protocol Rocket Pool pledged to move towards full decentralization for its Protocol DAO (pDAO) governance unit.
A Lido team member claimed Rocket Pool is not really governed by its DAO, but Rocket Pool community members pushed back, claiming the protocol is becoming more decentralized.
These are the top cryptos to avoid, as the recent rally has carried many risky crypto projects to overvalued levels.
MakerDAO (MKR) has announced that Spark Protocol is onboarding Rocket Pool's staked Ethereum (rETH) as a new collateral type, creating increased opportunities for users to leverage their digital assets in the DeFi ecosystem Expanding the lending ecosystem Founded in 2015, MakerDAO is best known for issuing the decentralized stablecoin, DAI.
Polygon's integration of Rocket Pool's rETH brings growth prospects, but the performance of DEXes and MATIC token's sentiment will shape its DeFi journey.
According to Rocket Pool, a liquid staking derivatives provider, users will have the ability to liquid stake their ETH using the Layer 2 (L2) Zksync Era network. The company clarified that Rocket Pool liquid stakers utilizing Zksync Era will enjoy faster speeds and lower transaction costs.
The liquid staking platform now operates on the Ethereum L2. While smart contracts interaction increased, monthly active users fell.
Users will be able to use rETH in different DeFi projects on zkSync Era.
Recent data shows a surge in wstETH deposits on Aave, raising questions about the impact on Lido, Rocket Pool, and Frax Finance.
Rocket Pool becomes the first Ethereum liquid staking protocol to deploy on zkSync Era, bringing new functions to the recently launched network.
Despite May being a bearish month for the cryptocurrency market, these four altcoins, considered top cryptos in June, managed to preserve most of their gains and even record a positive performance.
Rocket Pool's (CRYPTO:RPL) price has decreased 4.78% over the past 24 hours to $49.7. This is contrary to the coins performance over the past week where it has experienced an up-trend of 4.0%, moving from $47.9 to its current price.
After a disastrous week, the digital currency market , including the top 5 cryptos, is ready for a recovery. According to CoinGecko, the crypto market's total market cap increased by nearly 2% in the past 24 hours.
These three altcoins pumped considerably over the weekend and outperformed the rest of the crypto market
The top two liquid staking derivative tokens defied last week's bearish trend as Ethereum deposits regained April highs.
Today's cryptocurrency market showcases PEPEcoin (PEPE), Rocket Pool (RPL), Bitcoin SV (BSV), LEO, Lido (LDO), and Frax Share (FXS) as the top gainers, while WOO Network (WOO), Nexo, Klaytn (KLAY), Curve DAO Token (CRV), Internet Computer (ICP), and Chainlink (LINK) have faced losses.
A look at five altcoins that increased the most in this week's crypto market, specifically from April 28 to May 5
SUI may not be performing well since its launch earlier today but it's been a good day for STX, RPL.
Rocket Pool (RPL) closed last month with a vicious 20% price decline after hitting a new 2023 peak of $61 on April 17. A critical analysis of the on-chain data suggests that bearish actions from investors exacerbated the price drop.
Crypto whales have helped put in a major top at all-time highs for an Ethereum (ETH)-based altcoin project, according to blockchain data from insights firm Santiment. According to Santiment, whales took profit right at all-time highs when Rocketpool (RPL) peaked above $61.
