ETH price hits $3K as major crypto fund adds over $110M Ethereum to Lido's st...
Later, the hedge fund manager reportedly purchased more than $22.50 million worth of ETH tokens from FTX and Deribit. 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....
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Lido Finance, a cryptocurrency staking service firm, declares its intention to spread across the Ethereum Layer two networks. Furthermore, the company announced that it would extend its support to the Ethereum ecosystem through its services on staked Ether (stETH). The Lido team revealed its plans through a blog post. It stated that its fundamental step […]
Recent comments by Danny Ryan, often referred to as the beacon chain’s mastermind, have sent ripples through the Ethereum community. In a candid interview, Ryan called out Lido and similar protocols, claiming they pose a systemic threat to Ethereum’s foundational values and its core consensus mechanisms. The crux of Ryan’s concern revolves around Lido’s growth. […]
LDO price is up roughly 30% over the past day, gaining approximately 500% since mid-June. Lido DAO (LDO) price edged higher on Aug. 3, primarily due to similar upside moves elsewhere in the crypto market and a rising euphoria around Ethereum's network upgrade in September.On the daily chart, LDO's price reached an intraday high of $2.40 a day after bottoming out locally at $1.84. The sharp upside reversal amounted to nearly 30% gains in a day, suggesting traders' strengthening bullish bias for Lido DAO.LDO/USD daily price chart. Source: TradingViewLido DAO is a liquid staking solution for....