Crypto giant Grayscale has launched two new trusts that offer investors exposure to liquid staking service Lido DAO (LDO) and scaling solution Optimism (OP). The new trusts add to the crypto firm’s more than 25 existing digital asset products. Rayhaneh Sharif-Askary, Grayscale’s head of product and research, praises the two altcoin projects for the benefits […]
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Cryptocurrency analyst and trader Ali Martinez is expressing bullish sentiment on one smart contract-enabled blockchain while updating his outlook on Bitcoin (BTC) and Lido DAO (LDO). Martinez tells his 63,900 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator is flashing an opportunity for a long entry on the four-hour […]
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A widely followed crypto analyst believes one artificial intelligence (AI) focused altcoin project is about to outperform the broader market. Pseudonymous crypto trader Altcoin Sherpa tells his 216,400 followers on the social media platform X that decentralized GPU rendering blockchain Render (RNDR) has a strong-looking market structure. “RNDR: still a fine place to just buy […]
The post Trader Says Render To Be One of Strongest Altcoins in Coming Weeks, Updates Outlook on Three Additional Altcoins appeared first on The Daily Hodl.
If a 19b-4 spot Ether ETF filing be approved, analysts anticipate the SEC won’t immediately sign off on the S-1, which is required for the products to launch.
Ether (ETH) spiked 18% over 24 hours amid new speculation that spot Ether exchange-traded funds could be approved this week — despite months of pessimism.
According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, there has been “chatter” that the United States securities regulator is asking applicants to accelerate their 19b-4 filings.
This has prompted the pair to raise their approval odds from 25% to 75%.
Lido, the largest liquid staking protocol, controls over 28.5% of all staked Ether, as liquid staking remains the largest DeFi protocol category.
Lido Finance has reached one million Ethereum validators as the largest decentralized finance (DeFi) protocol.
Lido Finance, the largest liquid staking protocol on Ethereum, announced the milestone in an April 29 X post.
Liquid staking protocols like Lido Finance make staking more accessible for retail users with limited capital, who would otherwise need 32 Ether (ETH) to run their own validator nodes on Ethereum.
A closely followed crypto strategist believes one red-hot Solana (SOL)-based memecoin could be gearing up for another move to the upside. Pseudonymous analyst Altcoin Sherpa tells his 212,000 followers on the social media platform X that the Book of Meme (BOME) may rally to the $0.0190 level before dipping. “BOME: probably going to be a […]
The post New Solana-Based Shiba Inu Rival That’s Ripped Over 22,000% in a Week Primed To Go Even Higher, Predicts Analyst appeared first on The Daily Hodl.
A widely followed crypto trader says one Ethereum (ETH) rival that performed extremely well last year is on the verge of another massive rally. Pseudonymous analyst Bluntz tells his 235,200 followers on the social media platform X that Solana (SOL) could increase nearly 47% from its current value. “SOL gearing up for the run to […]
The post Ethereum Rival Gearing Up for a Run to New Highs, Says Top Crypto Analyst Who Nailed 2018 Bitcoin Bottom appeared first on The Daily Hodl.
The investor claimed that 64% of Lido tokens are controlled by just a few venture capital firms, preventing ordinary investors from having any control over decisions.
A Lido holder initiated a class action lawsuit against the governing body for liquid staking protocol Lido, according to a complaint filed in a San Francisco United States District Court on Dec. 17. The lawsuit alleges that the Lido token is an unregistered security and that Lido decentralized autonomous organization (Lido DAO) is liable for plaintiffs’ losses from the token’s price decline.
Lido is a liquid staking protocol that allows users to delegate their Ether (ETH) to a network of validators and earn staking rewards, while also holding a derivative token called “stETH” that can be used in other applications. It is governed by holders of Lido (LDO), which collectively form Lido DAO.
The lawsuit was filed by Andrew Samuels, who resides in Solano County, California, the document states. The defendants are Lido DAO, as well as venture capital firms Paradigm, AH Capital Management, Dragonfly Digital Management, and investment management company Robert Ventures. The document alleges that 64% of Lido tokens “are dedicated to the founders and early investors like [these defendants],” and therefore, “ordinary investors like Plaintiffs are unable to exert any meaningful influence on governance issues.”
A widely followed cryptocurrency trader and analyst is expressing bullish sentiment on a top-50 altcoin that’s currently under the radar. The trader pseudonymously known as Bluntz tells his 228,900 followers on the X social media platform that the native asset of the liquid staking solution Lido DAO (LDO) is “going to turbo send” and revisit […]
The post Top Trader Says Ethereum-Based Altcoin Primed To Surge by Over 230%, Updates Outlook on Solana and Dogecoin appeared first on The Daily Hodl.
A widely followed crypto trader who accurately predicted the bottom for Bitcoin (BTC) in 2018 believes that one altcoin is on the verge of a massive move to the upside. Pseudonymous analyst Bluntz tells his 228,700 followers on the social media platform X that liquid-staking service provider Lido DAO (LDO) is ready to soar after […]
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