Lido
Total crypto market cap closes in on $1T right as Bitcoin price moves toward $20K
The total cryptocurrency market capitalization reached its highest level in over two months on Jan. 13 after breaking above the $900 billion mark on Jan. 12. While the 15.5% year-to-date gain sounds promising, the level is still 50% below the $1.88 trillion crypto market cap seen before the Terra-Luna ecosystem collapsed in April 2022. Crypto markets total capitalization, USD. Source: TradingView “Hopeful skepticism” is probably the best description of most investors’ sentiment at the moment, especially after the recent struggles of recapturing a $1 trillion market capitalization in early November. That rally to $1 trillion was followed by a 27.6% correction in three days and it invalidated any bullish momentum that traders might have expected. Bitcoin (BTC) has gained 15.7% year-to-...
MetaMask Staking launches, plugging into Lido and Rocket Pool liquid staking
MetaMask users are set to have access to Ethereum liquid staking providers Lido and Rocket Pool courtesy of a new integration unveiled by ConsenSys. MetaMask Staking will unlock the ability for users to stake Ether (ETH) through the Lido and Rocket Pool protocols, touting the service to improve the security and decentralization of the Ethereum blockchain. Users will be able to compare reward rates, network control and popularity of different liquid staking providers, providing additional information to inform staking solution choices. The service begins with a public beta through the MetaMask portfolio decentralized application (DApp). Users will be able to stake through Lido and Rocket Pool and view Lido (stETH) and Rocket Pool (rETH) staking token balances. These tokens can also be...
Here is why strong post-Merge fundamentals could benefit Ethereum price
The shift of the Ethereum blockchain to a proof-of-stake (PoS) protocol opened new opportunities for developers and investors to explore, including the burning of Ether (ETH). Now, Ethereum transactions are validated through staking rather than mining. Staking impacts the supply and price dynamics of Ether in ways that are different than mining. Staking is expected to create deflationary pressure on Ether, as opposed to mining, which induces inflationary pressure. The increase in the total amount of funds locked in Ethereum contracts could also push ETH’s price up in the long term, as it affects one of the fundamental forces that determine its price: supply. The percentage of newly issued Ether versus burned Ether has increased by 1,164.06 ETH since the Merge. This means that sin...
ETH price hits $3K as major crypto fund adds over $110M Ethereum to Lido’s staking pool
Ethereum’s native token Ether (ETH) rose above $3,000 on March 22 as fresh data suggests Three Arrows Capital staked at least $110 million worth of ETH into Lido’s liquidity pools. The Singapore-based hedge fund manager provided liquidity worth 36,401 ETH to Lido’s “Curve stETH pool” using a third-party Ether wallet, data from Etherscan shows. As a result, it became eligible to receive at least 36,401 stacked Ether (stETH) tokens from Lido: to ensure low slippage when un-staking those tokens for real ETH plus staking reward. Third-party Ethereum wallet that received ETH from Three Arrow Capital. Source: Etherscan.io Almost an hour later, another Ether address, marked with the word “fund,” sent 6,993 ETH (worth $21.12 million) to the ...
Ethereum balance on crypto exchanges falls to lowest levels since 2018
The amount of Ethereum‘s native token Ether (ETH) kept with crypto exchanges has fallen to its lowest levels since September 2018, signaling traders‘ intention to hold the tokens in hopes of a price rally in 2022. Notably, nearly 550,000 ETH — worth around $1.61 billion — have left centralized trading platforms year-to-date, according to data provided by Glassnode. The massive outflow has reduced the exchanges‘ net-Ether balance to 21.72 million ETH, down from its record high of 31.68 million ETH in June 2020. Ethereum balance on all exchanges as of March 18, 2022. Source: Glassnode Biggest weekly ETH outflow since October 2021 Interestingly, over 30% of all Ether‘s withdrawals from exchanges witnessed in 2022 appeared earlier this week, data from IntoTheBlock shows. In detail, over 180,00...
Governor Bagudu: President Buhari’s policies yielding fruitful results
Gov. Abubakar Bagudu of Kebbi State says President Muhammadu Buhari’s policies have began to yield the desired results in the country. The governor made this known during a visit to a private rice mill, owned by a business mogul, Alhaji Sahabi Lolo in Kamba, Dandi Local Government Area (LGA) of the state on Sunday. Newsmen report that Bagudu was accompanied by Gov. Muhammed Badaru of Jigawa on the visit. He expressed delight that the policies of the administration were putting the country on a more formidable economic footing. According to Bagudu, the investment derive of the president in the rice value chain in the last few years is also bearing fruits on the economy. ”What you saw here today is one of the so many that have come-up in the last few years under president Muhammad Buhari’s r...
deadmau5, REZZ, More Throw Their Weight Behind Blockchain-Based Streaming App Audius
Blockchain-based music streaming startup Audius has made sizeable strides in the last year, and a bevy of dance music artists have helped lay the groundwork for its growth. With over 250,000 monthly users and $8.6 million in growth capital to its name, Audius is among the most promising music industry-related blockchain ventures. The project seeks to disrupt the streaming industry by creating a peer-to-peer payment system that enables artists to receive payments instantly. The model makes for a more efficient system that effectively eradicates label inefficiencies and payment latency. Dance music artists have flocked to the cutting edge project. 3LAU, deadmau5, Lido, Mr. Carmack, REZZ, and Zeds Dead have signed on thus far, and in total, the platform has attracted over 40,000 artists to da...
Lido Is Making His Mark With New Single “Rise”—This Time Under His Own Name
Lido is one of the most impressive producers out there that you might have never heard of. But with the release of the Norwegian artist’s latest single, “Rise,” from the artist’s upcoming studio album PEDER, Lido is looking to change that. Released today via Because Music, “Rise” is the third single from the forthcoming PEDER, stylized after the artist’s first name and out September 18th. It follows “Postclubridehomemusic” and “How To Do Nothing” and came alongside its own original music video, also released today. Vaguely indie pop and rooted in electronic influences, “Rise” easily falls right in line with its two predecessors. They each feature the Norwegian producer’s own voice, as ...
