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

Ethereum Liquid Staking Hits 14M ETH Milestone, Adding 1.77M in 2024According 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 […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

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

Liquid Staking Absorbs 400,000 ETH, Closing in on 14M MarkAccording 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 […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

Aave, Sky float partnership to bridge DeFi, TradFi

The plan would create markets for DAI-replacement USDS on Aave.

Decentralized finance (DeFi) protocols Aave and Sky (previously Maker) are exploring a partnership designed to “close the gap between DeFi and TradFi,” according to a Sept. 2 announcement.

The proposed partnership, referred to as the Sky Aave Force, follows a Sept. 2 governance proposal by Phoenix Labs, a DeFi research and development organization. The proposal suggests issuing SPK tokens—native to Sky’s subDAO, Spark—to help establish a market for USDS, a stablecoin launched after Maker’s August rebranding to Sky

“Sky Aave Force has an ambitious goal: to drive mass adoption and close the gap between DeFi and TradFi. Now is the time to work together,” said Aave Labs, the developer behind the Aave DeFi lending platform.

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Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

110,000 Ether Pours into Liquid Staking Platforms, Boosting Defi Holdings

110,000 Ether Pours into Liquid Staking Platforms, Boosting Defi HoldingsBased on the latest data, liquid staking platforms have experienced another uptick in deposited ether over the past week. Within this timeframe, 110,000 ether, valued at $292 million, has flowed into these decentralized finance (defi) protocols. Binance’s Big Move: 88% of 110,000 ETH Inflow Flowed Into Staked Ether Protocol Liquid staking protocols continue to attract […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

150,000 Ether Floods Liquid Staking Platforms in 27 Days

150,000 Ether Floods Liquid Staking Platforms in 27 DaysIn the last 27 days, ether liquid staking derivatives have experienced an influx of 150,000 ETH, valued at $390 million, flowing into various protocols. Notably, since July 14, 100,000 ETH made its way to Lido, the world’s leading liquid staking platform by market share. Ethereum Liquid Staking Spikes to 13.59 Million Ether, Lido Nears 10 […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

Decentralized Finance TVL Recovers to $100B After July Lows

Decentralized Finance TVL Recovers to 0B After July LowsBetween June 19 and July 19, within a 30-day period, the total value locked (TVL) in decentralized finance (defi) dropped below the $100 billion mark, hitting a low of $86.3 billion on July 7, 2024. Over the past three days, however, the TVL has managed to stay above the $100 billion threshold. Lido Leads Defi […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

290,000 ETH Added to Liquid Staking Protocols Ahead of Spot ETF Launch

290,000 ETH Added to Liquid Staking Protocols Ahead of Spot ETF LaunchAccording to data, liquid staking protocols accumulated an additional 290,000 ether in the past 46 days. This increase raised the proportion of ETH in liquid staking protocols by 0.24%, bringing the total to 11.18% of Ethereum’s 120.2 million circulating supply. Shift in Liquid Staking: Swell Drops, Frax Ether Moves Up At the time of writing, […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

SEC Sues Consensys, Claims the Blockchain Tech Company Acted As Unregistered Securities Broker via MetaMask

SEC Sues Consensys, Claims the Blockchain Tech Company Acted As Unregistered Securities Broker via MetaMask

The U.S. Securities and Exchange Commission (SEC) is suing Consensys, claiming that the blockchain tech firm’s MetaMask wallet acted as an unregistered securities broker. According to recent court documents, the SEC says Consensys violated federal laws by failing to register with the regulatory agency as a securities broker. “Since October 2020, Consensys has acted as […]

The post SEC Sues Consensys, Claims the Blockchain Tech Company Acted As Unregistered Securities Broker via MetaMask appeared first on The Daily Hodl.

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

Liquid Staking Derivatives See 110,000 ETH Inflow Over 12 Days

Liquid Staking Derivatives See 110,000 ETH Inflow Over 12 DaysWhile liquid staking protocols experienced a brief period of withdrawals, the past 12 days have seen liquid staking derivatives (LSDs) platforms gain 110,000 ether valued at $417.59 million. Swell Experiences Decline as Lido and Others See ETH Increases In the realm of decentralized finance (defi), liquid staking derivatives (LSDs) have finally recorded positive deposits after […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

Value Locked in Defi Nears $100B Range Again After $11.89B Increase in 35 Days

Value Locked in Defi Nears 0B Range Again After .89B Increase in 35 DaysOver the past 35 days, the total value locked in decentralized finance (defi) protocols has expanded by $11.89 billion, recovering from a low of just over $83 billion on April 13. Although it has not yet reached the $100 billion mark, the value locked in defi is approaching that milestone after hovering just below it. […]

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets