Lido DAO

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.

Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form

Optimism

The altcoins listed here are the lowest performing coins that have fallen below the moving average lines.

Weekly Cryptocurrency Market Analysis: Altcoins Continue To Fall While Cryptos Move Into A Bearish Zone

Ethereum

Lido Finance, the prominent liquid staking protocol operating on the Ethereum blockchain, has reached a significant milestone by surpassing one million Ethereum validators.

Lido Finance Achieves Milestone of One Million Ethereum Validators

In the last two weeks, liquid staking derivative (LSD) protocols have experienced a decline of 60,000 ether valued at over $198 million, with Lido accounting for 40,000 of the ETH withdrawn.

Liquid Staking Platforms See 60,000 ETH Outflow in 2 Weeks; Lido Dominates Reductions

Bitcoin

A popular crypto trader says a liquid staking service for the Ethereum (ETH) blockchain is flashing a short-term bullish signal. The analyst Ali Martinez tells his 60,600 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator recently presented a buy signal on Lido DAO's (LDO) 3-day chart.

Crypto Trader Issues Bitcoin Warning, Says Ethereum Liquid Staking Project Flashing Short-Term Bullish Signal

Cryptocurrency casino ZKasino went live over the weekend but the launch was met with dismay from investors, who are calling foul on the company for sending $33 million worth of user deposits to staking platform Lido.

ZKasino Users Plead for Refunds as $33M of Bridged Ether Sent to Lido

ZKasino showed some promise but a lot of red flags. Now the project's launch has brought on accusations of a $33 million rug pull.

ZKasino launch leads to widespread outrage as $33 million promised to investors is sent to Lido

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $72,000 level on Monday. Ethereum (CRYPTO: ETH) also recorded gains, surging past the key $3,600 mark this morning.

Bitcoin Surpasses $72,000; Lido DAO Emerges As Top Gainer

A bug in the smart contract of Lido's discontinued Solana staking service is reportedly preventing users from withdrawing digital assets valued at more than $24 million. Lido attributes this issue to “a problem with the maintainer bot and the recent update of rent-exempt terms for Solana staking accounts.

Bug in Discontinued Lido Staking Service Blocks User Access to Tokens Valued at $24.4 Million

JPMorgan analysts suggest that Lido's declining market share may shield Ethereum from being classified as a security.

JPMorgan says Ethereum could avoid ‘security' label amid decreasing Lido share

Money management giant Fidelity wants to allow traders of its potential ethereum fund to be able to stake some of the assets, it wrote in an amendment with the U.S. Securities and Exchange Commission (SEC).

Fidelity Adds Staking to Ether ETF Application, Sending LIDO Up 9%

Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $80 billion mark, and since that point, it has expanded by an additional $11.66 billion.

Value Locked in Defi Nears $100 Billion Milestone Amidst Broad Market Uptick and Lido Dominance

Ethereum liquid staking protocol Lido reached $30.56 billion in total value locked in Feb. 26, according to The Block's Data Dashboard.

Total value locked in liquid staking protocol Lido surpasses $30 billion

1inch will enable faster exits of stETH and wstETH onto Ethereum, Arbitrum, Optimism and other chains.

Lido adds 1inch for faster withdrawals of stETH and wstETH

Taurus, which counts Deutsche Bank and Santander as partners, expects European jurisdictions to follow Switzerland's example.

Crypto Custodian Taurus Enlists Lido to Bring Liquid Ethereum Staking to Swiss Banks

LayerZero launched a Lido stETH bridge last October without asking for Lido DAO's permission. The community responded this week by endorsing a pair of its biggest competitors.

Lido DAO Rebukes LayerZero by Endorsing Rivals Wormhole, Axelar for Crypto Bridge

Solana

A widely followed crypto strategist warns that a Solana (SOL) competitor that's up more than 3x in the last 30 days is flashing signals that it may have printed a short-term top.

Trader Issues Warning on Solana Rival That's Up 247% in One Month, Updates Outlook on LDO and One Other Altcoin

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the key $46,000 level on Wednesday. Ethereum (CRYPTO: ETH), however, moved higher, trading above the key $2,400 mark this morning.

Ethereum Hits $2,400; Lido DAO Emerges As Top Gainer

Arbitrum

The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 10, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Ether, Lido DAO, Arbitrum Gain on Possibility of ETH ETF

Litecoin

Cryptocurrency trader and strategist Ali Martinez is expressing bullish sentiment on Ethereum's (ETH) largest liquid staking protocol by market cap. Martinez tells his 39,200 followers on the X social media platform that LidoDAO (LDO) is forming an ascending triangle, which is typically considered bullish, on the weekly chart.

Crypto Trader Says Ethereum-Based Altcoin Could Explode by Over 80%, Updates Outlook on Bitcoin and Litecoin

Popular crypto analyst Altcoin Sherpa names two altcoins he believes will soon soar to values last reached in 2022. The pseudonymous analyst tells his 204,300 followers on the social media platform X that Stacks (STX) could soon soar beyond its recent high of $1.73, a level it hasn't traded above in nearly two years.

Crypto Trader Says New All-Time Highs for Two Altcoins Incoming, Issues Warning on Solana

A big selling point of blockchain networks is that they are "decentralized." But just a few validators, including those run by Lido, have gradually amassed a lion's share of the power over the dominant smat-contracts blockchain, Ethereum.

Lido Tests of 'Distributed Validator Technology' Portend 2024 Decentralization Push

Liquid staking protocol Lido (CRYPTO: LDO) on Monday announced that the platform's Total Value Locked (TVL) surpassed $20 billion for the first time since April 2022, and the number of first-time ETH stakers on Lido exceeded 200,000 in November. However, this rapid growth has sparked debates within the Ethereum (CRYPTO: ETH) community regarding Lido's increasing influence.

Lido's Explosive Growth Sparks Debates Over Centralization Risks

Lido has become a victim of its own success, attracting criticism as its share of staked ether has grown to nearly one-third. That's why it's one of CoinDesk's Most Influential of 2023.

Lido DAO Democratized ETH Staking, Then Dominated It

Recent data reveals that Lido, the leading liquid staking protocol (LSP), now holds over 9 million ethereum within its system. This figure represents a significant 77.81% of the total ethereum value locked in current LSPs, underscoring Lido's dominant position in the market.

News for Lido DAO Crypto (LDO)