Category: Cryptocurrency News

Ethereum Liquid staking derivatives (LSD) tokens are taking over the reins today as they have begun another rally. This rally was a result of an accelerated rate of ETH staking, which has led to a surge in the balances of these liquid staking protocols. LSD Tokens Take Advantage Of The Surge As the total amount of ETH staked on the Ethereum network rose, so did the value of LSD tokens rise. Over the last day, coins like Lido Finance (LDO) and Rocket Pool (RPL) have been on the rise. The latter also emerged as the number 3 top gainer with almost 10% gains in the last 24 hours. Related Reading: The Bitcoin Bear Market Is Far From Over, Here’s Why Lido’s market share in the liquid staking market has also risen as the protocol now accounts for 37.85% of all ETH staked in liquid derivatives protocols. Coinbase is the second-largest with 11.88% of the market share and Rocket Pool accounts for 7.72% of the market share. LDO price surges 10% in 24 hours | Source: LDOUSD on TradingView.com Other LSD tokens have also returned to green on the last day as well, with pSTAKE Finance’s PSTAKE rallying 3% and StakeWise’s SWISE rising almost 4% in the same time period. Ethereum Staking Not Slowing Down In the last two days, the total amount of ETH staked on the Ethereum network has risen drastically. As stakers have settled back in from the withdrawal update that was made about a month ago, they have moved back into staking more ETH. Staked ETH rises above 23.9 million | Source: Etherscan The total ETH in the deposit contract had risen by 95,008 ETH, meaning that over $180 million worth of ETH was added to the contract in the space of 48 hours. This shows that June is starting off as a bullish month for Ethereum at least, which could signal a recovery to come for the market. Related Reading: Optimism Crashes 33% Following Token Unlocks, Why There Could Be More Pain To Come As a result of this accelerated timeframe, the total staked Ether on the Beacon Contract crossed 23.9 million tokens. This works out to a total value of more than $45.3 billion that is now staked on the Ethereum Proof of Stake network. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com

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Use user-friendly tools like blockchain explorers and public databases to access Bitcoin network data without advanced IT skills.

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Digital Currency Group CEO Barry Silbert argued in a letter to Judge Stefan Underhill that both cases share the same facts, legal issues and near-identical class definitions.

ChatGPT and AI gigabrain Sam Altman is making his entrance into crypto with Worldcoin and its iris scanning Orb, raising $115million from VCs including A16z and Blockchain Capital. Worldcoin — which encompasses the World ID protocol, the (future) Worldcoin cryptocurrency, the World App crypto wallet, and of course its Orb — is aiming to tackle…
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Qatar has been told by the Financial Action Task Force to improve its “understanding of more complex forms” of financial crime.

Coinbase Derivatives Exchange’s institutional-sized contracts will be sized at 1 Bitcoin and 10 Ether.

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As to Trezor,is that our biggest risk is the Trezor company who has the ability to modify code to extract seed?(although it is open source) Why people tend not choose air gapped wallet to prevent all internet connection? Pls comment Thanks submitted by /u/No-Head9425 [link] [comments]