Whales Dump AAVE and LDO as Crypto Market Struggles

While downward pressure on the cryptocurrency market shows no sign of letting up, a notable market “whale” has made the decision to signal an otherwise bearish outlook on two major DeFi tokens—Lido (LDO) and Aave (AAVE). This particular whale, a big holder of crypto assets, has sold off in total $5.98 million worth of these … Read more

Whale Movement in LDO: 2.6 Million Tokens Moved to Binance After Year-Long Silence

The cryptocurrency community is paying close attention to a prominent whale address, 0x413, which has deposited 2.6 million LDO tokens (worth roughly $4.51 million) into Binance. The address had been inactive for over a year, with no notable transactions for months preceding this event. The sudden appearance of such a large transfer, especially as it … Read more

Lido’s stETH Transactions Surge 417% as Community Staking Becomes Fully Permissionless

The staked Ethereum (stETH) from Lido has experienced an unparalleled upsurge in transaction activity, with more than 1,200 large transactions captured in a mere 24 hours—an increase of 417%! Yet, this sudden uptick is not merely a “by chance” occurrence; it is happening while Lido implements a major shift in its community staking model that … Read more

Can DAOs Be Sued? Insights From Lido’s Recent Case

According to a recent decision from the US District Court for the Northern District of California, decentralized autonomous organizations, or DAOs, may not provide the liability protection the industry once thought. In a seminal case, a Federal Court in California ruled that, despite the governing body being a DAO, several prominent investment firms may in … Read more

Paradigm Transfers Large $LDO Holdings To Coinbase Prime As Lido Analytics Shows Strong Growth In Staking Metrics

Paradigm recently moved 6.744 million $LDO (valued at $8.97 million) to Coinbase Prime, marking another significant transfer just three hours ago. These transfers, which began after $LDO’s price surge on November 7, are part of a larger selloff. Initially, Paradigm bought 70 million $LDO tokens directly from the Lido Treasury at $0.76 each. Over the … Read more

Ethereum Liquid Staking Hits 14M ETH Milestone, Adding 1.77M in 2024

According to recent data, more than 14 million ether (ETH) is now locked in liquid staking derivatives (LSD) protocols. Over the past 12 days, the amount of ETH deposited into these platforms nudged upward by 0.643%, bringing the total to 14.08 million ETH. Ethereum Liquid Staking Surges to 14M Ether, 90,000 Added in 12 Days … Read more

Liquid Staking Absorbs 400,000 ETH, Closing in on 14M Mark

According to the latest figures, over the past 38 days, starting from Aug. 10, 2024, the total value locked in decentralized finance (defi) protocols has slipped by $5.07 billion. Despite this decrease, ethereum continues to pour into liquid staking derivative (LSD) platforms, with 29 distinct LSDs pulling in nearly $1 billion worth of ether during … Read more