Renzos ezETH token depeg triggers liquidations across DeFi platforms

Renzo’s liquid restaking token (LRT), ezETH, experienced a significant depegging event that liquidated millions from “loopers” using the token as collateral on leverage protocols like Gearbox. According to data from CoinMarketCap, the digital asset’s value plunged to a low of $2,755 before recovering to its current level of $3,178 as of press time. Notably, decentralized […]

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Lido leads as Ethereum locked as liquid staking derivatives hits 10 million

The total number of Ethereum locked on liquid staking derivatives (LSD) protocols reached 10 million on June 29, according to data from DeFillama. Liquid staking protocols allow users to earn staking rewards while providing liquidity for other crypto-based activities, such as Lido (LDO) and Rocket Pool (RPL). Lido dominates LSDs DeFillama data tracks 22 liquid staking […]

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‘Withdrawals are coming!’ — Ethereum devs confirm epoch for Shapella fork

Ethereum validators will soon be able to withdraw their Ether (ETH) from the Beacon Chain, with the Shapella hard fork set to be activated on the Ethereum mainnet on April 12. Shapella will take effect at epoch 194,048, which is scheduled for 10:27 pm UTC on April 12, Ethereum core developers confirmed. The withdrawals will [...]

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Ethereum’s Shanghai Delivers Record-Breaking Staked Ether Of Over 1B

On April 12, Ethereum’s Shanghai upgrade was successfully implemented allowing the withdrawal of staked ETH and effectively finalizing the network’s years-long transition to proof of stake.  The network achieved another milestone as the upgrade catalyzed a record-breaking weekly inflow of ETH [ether] deposits for staking, primarily driven by institutional staking service providers and investors reinvested profits […]

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Liquid Staking Protocol Lido Activates "Staking Rate Limit" After Record Inflows

Lido Finance, a liquid staking protocol for Ethereum, activated a "staking rate limit" after more than 150,000 ETH was staked in a single day. The mechanism aims to address any negative effects of high inflows, limiting the amount of staked Ether that can be minted within a 24-hour timeframe. (Read More)

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Wormhole Attacker Moves $155 Million of Stolen Funds into Staked Ethereum (stETH)

The attacker behind the February 2022 Wormhole exploit has moved $155 million, converting the funds to staked Ether.

Continue reading Wormhole Attacker Moves $155 Million of Stolen Funds into Staked Ethereum (stETH) at DailyCoin.com.

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Wormhole hacker moves $155M in biggest shift of stolen funds in months

Blockchain transaction history shows that the hacker transferred the funds onto a DEX and then went on to cycle funds around different DeFi protocols.

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Lido Dao Price Prediction: Why has the price of LDO increased by 80%?

This article is all about the Lido DAO price prediction and why has the LDO price increased by 80%. Let's take a look at it in more detail.

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Lido Staked ETH Price Prediction: Is stETH the best DeFi Yield During Christmas?

This article is all about the Lido Staked ETH price prediction. Let's take a look at it in more detail.

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64% of staked ETH controlled by five entities — Nansen

New report by Nansen delves into the distribution of staked ETH, respective holders and possible ramifications as The Merge looms.

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Coinbase launches liquid staking token to ‘keep Ethereum decentralized’

Coinbase has launched a liquid token for its users who staked their Ethereum (ETH) on its platform called cbETH, according to an August 24 announcement.

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Ethereum Price Slides As Staked Token Reaches New ATH Ahead Of Hyped Merge

Despite changes in the asset’s price, Ethereum is steadily adding to the ETH 2.0 staking contract. According to the development team, this occurs about a month before the Merge is scheduled to occur. Ethereum Staked Token Hit New ATH According to Dune Analytics data, more over 13.2 million ETH have been deposited to the staking contract, however there are only about 80,000 unique depositors. ETH Staked on ETH 2.0 Contract. Source: Delphi Digital The graph above shows how ETH’s amount locked in the staking contract has gradually increased and reached a new all-time high in terms of ether. A far cry from the peak reached last year, when ETH was close to $5,000, the USD value had soared to just shy of $24 billion. The remarkable results come as the Ethereum development team continues to provide updates on the progress of the switch from PoW to PoS. Related Reading: The Upcoming Merge Will Not Reduce Gas Fees, Clarifies Ethereum Foundation The most anticipated event in the bitcoin sector this year is referred to as the Merge. Among other advantages, it should make Ethereum less energy-intensive and increase the network’s durability. Numerous well-known crypto insiders predict that it will significantly affect the price of ETH. According to recent claims made by Arthur Hayes, it might increase the asset’s USD valuation in a manner comparable to BTC’s halving. On the other hand, Mark Cuban cautioned that the Merge might initially be a “sell-the-news” event but thinks it’s a good move overall. Price Have Began To Slide According to the weekly shift in the Ether-Bitcoin cross rate, Christophe Barraud, chief economist, strategist, and top forecaster at Bloomberg, Ethereum is poised to lose ground against Bitcoin for the first time in seven weeks. ETH/USD trades at $1,800. Source: TradingView After the Consumer Price Index (CPI) or inflation data report came in better than expected, Ethereum has outperformed Bitcoin in recovery despite the decline relative to BTC as both remain highly correlated with the S&P 500 stocks, according to a report published on August 17 by the on-chain social metrics platform Santiment. Related Reading: TA- Ethereum ETH Shows Bearish Signs, Eyes $1,700 As Nearest Support Featured image from Pixabay, Chart from TradingView.com, Delphi Digital

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Coinbase will shut down staking service if regulators mandate censoring transactions

Coinbase CEO Brian Armstrong said on August 17 that the firm would shut down its staking services if regulators wanted it to censor transactions as a validator.

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MakerDAO identifies risks of an Ethereum hard fork

DeFi protocol MakerDAO (MKR) has identified seven risks its protocol faces if Ethereum (ETH) is forked.

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Ethereum staking volume surpasses withdrawal volume post-Shapella upgrade

After the successful Shapella upgrade, Ethereum's staked ETH volume has surpassed the withdrawal volume for the first time. According to data from Nansen, more ETH is currently being staked than withdrawn, with the staking volume reaching 124,000 ETH, while the withdrawal volume is at 64,800 ETH. The majority of validators are restaking their unlocked Ether, and early withdrawals are primarily staking rewards. (Read More)

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Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation

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 aggregation website coingecko.com. Lido Finance’s [...]

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Post-Shapella Hard Fork: Ethereum Deposits Exceed Withdrawals, Wait Time Climbs, ETH Transfer Fees Jump

It has been a week since Ethereum’s Shapella hard fork, and statistics indicate that ethereum deposits on April 18 have exceeded withdrawals for the first time since the upgrade. At present, 929,999 ether worth $1.94 billion is pending withdrawal, and over the past three days, 112,568 ether has been added to liquid staking protocols. Just

The post Post-Shapella Hard Fork: Ethereum Deposits Exceed Withdrawals, Wait Time Climbs, ETH Transfer Fees Jump appeared first on BTC Ethereum Crypto Currency Blog.

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Celsius adds over 428K stETH to Lido’s lengthening withdrawal queue

The bankrupt crypto lender wants its huge stash of staked Ether back, but it could be in for a wait.

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Lido anticipates ‘large withdrawals’ as users’ staked Ethereum withdrawal requests increase

Liquid staking protocol Lido (LDO) anticipates its users making large staked Ethereum (stETH) withdrawals this week following the successful completion of its V2 upgrade. Withdrawal request spikes According to 21Shares researcher Tom Wan, Lido users have started increasing their withdrawal requests following the successful test of the feature. Wan identified a wallet that requested the […]

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Celsius moves $781M in stETH just as Lido withdrawals open

The bankrupt crypto lender has been moving its massive stash of staked Ethereum.

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