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Lido and Optimism aim to increase the availability of wrapped staked ether (wstETH) with OP tokens through the new liquidity mining and user incentives program. Original Source
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“Unstaking by Kraken could result in a minimum of 350K up to a maximum of 1.145m additional ETH that could potentially circulate in the market when the staked ETH withdrawals are enabled in the Shanghai Fork,” wrote David Duong, head of institutional research. The Shanghai Fork will allow ether that
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The exploiter is probably earning yields on staked cryptocurrency. Source
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“The news flow has been rather bearish for crypto and you can’t forget about tomorrow’s inflation report that could be hot and spell trouble for risky assets,” Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in a Monday note. Source
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Lido and Rocket Pool didn’t immediately see a massive rush in of capital after Kraken announced it had settled with the SEC. Source
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Long trades, or bets on higher prices, took 90% of the $220 million in liquidations on crypto futures trading over the past 24 hours as bitcoin (BTC) and ether (ETH) fell nearly 5%. Bitcoin and ether futures cumulatively saw $100 million in liquidations, while futures tracking dogecoin (DOGE), solana (SOL),
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The value of staked assets was about $42 billion in the fourth quarter of 2022, with annualized staking rewards of $3 billion, according to a report from Staked, a non-custodial staking service provider. That figure was not limited to just retail investors. Source
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Joe DiPasquale, CEO of crypto fund manager BitBull Capital, told CryptoX that institutional investors’ preference for BTC represented “the safest choice in a bear market.” He noted that Ethereum’s upcoming protocol updates might be raising concerns about an increased “risk of things going wrong,” and added that the Shanghai hard
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In the weeks leading up to Shanghai, the Lido community will participate in the snapshot vote, followed by testing on Ethereum’s Goerli testnet in March. The actual V2 upgrade will go live at the end of March or early April, according to the draft blog post. Source
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