Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’ A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend. James Van Straten · 5 days ago
ETH, Lido rally following update on Ethereum’s Merge as markets turn green
Flagship digital assets Bitcoin (BTC) and Ethereum (ETH) are in the green as their values rose to over $22,000 and $1,400 in the last 24 hours. According to data from Coinglass, over $300 million in short positions were liquidated because of the mini-rally of these assets. In the last 24 hours, Ethereum liquidated $210 million…
Lido community debates limiting staked Ethereum as centralization concerns grow
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Lido community members have begun debating whether the staking service provider should limit its share of staked Ethereum because of the systemic centralization risk this poses to the blockchain network. The Lido team submitted a governance proposal discussing the pros and…
Lido staking dominance could put Ethereum at risk
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum staking protocol Lido’s dominance of staking has the potential of putting the entire blockchain at risk of a centralized attack when it eventually becomes a proof of stake network, an article from Danny Ryan, a researcher at Ethereum Foundation, argued….
4 reasons why Ethereum is surging as the price climbs over $3,000
The macroeconomic and geopolitical environment surrounding crypto and the whole global economy has had its impact on the price action of cryptocurrencies in general, with the war in Ukraine as the overarching geopolitical disaster moving energy and commodities prices to dangerously high levels. However, In the United States, the Federal Reserve’s FOMC (Federal Open Market…
Lido and Idle DAO launch new risk-adjusted ETH 2.0 staking products
Lido, a multichain liquid staking solution, and Idle DAO, a decentralized organization building financial products for Web3, have partnered to launch a novel DeFi primitive. The newly launched stETH Perpetual Yield Tranches (PYTs) were designed to target the more risk-averse segment of the DeFi market, offering an APR ranging from 1.8% to 8%. Idle DAO…