Coinbase Ranks As Second Largest ETH Staking Entity As Lido’s Dominance Raises Concerns
Prominent crypto exchange Coinbase has emerged as the second largest ETH staking entity based on a recent scoop by Chinese reporter Colin
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Lidos
Lido’s Staked Ether Tokens Can Soon Be Used on Cosmos, IBC Blockchains
Lido is the leading provider of liquid-staking solutions and its staking token, stETH, has a $13.8 billion market capitalization. Original Source
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Celsius adds nearly 429K stETH to Lido’s lengthening withdrawal queue
Bankrupt crypto lending firm Celsius is anxious to get its staked Ether (ETH) stash back from liquid staking platform Lido which enabled withdrawals this week.Celsius initiated the process of withdrawing its Lido Staked ETH (stETH) from the protocol. According to transaction data it has requested the withdrawal of 428,840 stETH
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Ether, Dogecoin Lead Crypto Market Bounce; Lido’s Staked Ether Breaks Into Top Ten
Ether added over 10% in the past 24 hours, trading at 11-month highs above $2,120 during the Asian trading hours. Thursday’s Shapella upgrade ushered in a major development for the Ethereum network, allowing users to stake and unstake tokens from the network at will – improving the network’s overall outlook. Source
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Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation – Defi Bitcoin News
With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization
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Lido’s TVL surges ahead of Ethereum mainnet upgrade
Ethereum (ETH) stakeholders are looking forward to the Shanghai Capella Upgrade that will take place on the Ethereum mainnet in April 2023. As a result, the total value locked (TVL) on the liquid staking platform Lido Finance has significantly increased. This increase in ETH holders can be attributed to anticipating the release
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‘Sorry for spreading a rumor’, says podcaster on Lido’s FUD
Co-founder of content studio Bankless David Hoffman apologized for spreading rumors about what he called a "Wells Notice Carpet Bombing" targeting crypto firms, including the decentralized finance protocol Lido Finance. "Carpet bombing" was a reference to an allegedly flood of well notices sent to crypto firms last week, Hoffman was told
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Lido’s LDO Token Sinks 10% Following Rumors Crypto Staking Service Received SEC Notice
The rumor sparked panic on crypto Twitter, however, and it quickly spread across the Colorado convention hall where ETHDenver, one of the year’s largest crypto industry gatherings, was underway. The rumors, if proven true, would suggest that the SEC is ramping up scrutiny of Ethereum and crypto staking. Source
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Lido’s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder’s Deposits – Bitcoin News
During the past 30 days, the total value locked (TVL) in Lido Finance’s liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol’s dominance in decentralized finance (defi) has also increased, with its TVL accounting for 19.08% of the $49.66 billion
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Crypto Custodian Aegis to Add Coverage of Lido’s Staked Token Derivatives
Aegis, which says it holds trust license in Hong Kong and and the U.S., offers custodial services for on-chain transactions, while Lido, the largest decentralized finance (DeFi) app by total value locked, provides staking services to users that want to access liquidity to their staked assets. Source
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