Mehrere Leute aus der Community haben ihr Geld wieder zurück erhalten, während FTX-Anleger aus anderen Regionen weiterhin auf einen ähnlichen Ausgang hoffen.
Kolumbien experimentiert mit Gerichtsprozessen im Metaverse
Kolumbien hat als eines der ersten Länder einen Gerichtsprozess im Metaverse abgehalten.
Lido Finance triggers “staking rate limit” after 150K+ ETH gets staked in a day
- The highly anticipated Ethereum Shanghai upgrade is only days away now.
- The Shanghai upgrade is causing a lot of activity on Lido finance.
- The “staking rate limit” was activated after the daily staking limit of 150,000 Ether was reached.
As reported in our earlier news, the Lido Finance protocol is witnessing a surge in activity amid the upcoming Ethereum Shanghai/Capella upgrade. The rise in activity mainly attributed to increasing ETH staking has consequently caused the price of Lido Dao (LDO), the native token of Lido Finance, to hike considerably over the past few days.
At press time, LDO was trading at around $3.09, up 4.09% in the past 24 hours.
“Staking Rate Limit” activation
Lido Finance had to activate its “Staking Rate Limit” safety feature after over 150,000 ETH tokens were staked in a single day on February 25. According to a tweet by Lido:
“Lido protocol has registered its largest daily stake inflow so far with over 150,000 ETH staked. Upon reaching this number, a curious (but important) protocol safety feature called Staking Rate Limit was activated.”
Lookonchain, a keen on-chain analyst, shared a screenshot that showed that the 150,100 ETH could have been made by a single user, with three deposits of 50,000 ETH each, and one of 100 ETH.
As a liquid staking protocol, Lido Finance allows users to stake Ether (ETH) without needing to lock their tokens, as with most crypto staking platforms. When a user deposits ETH on Lido, he/she is issued with a liquid variant of the deposited ETH, called staked ETH (stETH). The stETH entitled the users to daily staking rewards.
How the rate limit will work
In a guide, Lido Finance stated that the “Staking Rate Limit” acts as a “safety valve” and it aims at limiting the amount of stETH that can be minted during high inflow times so as to mitigate ill side effects like rewards dilution.
In the guide, Liod states that the “Staking Rate Limit”:
“Works by decreasing how much total stETH can be minted at any one time based on recent deposits, and then replenishing this capacity on a block-by-block basis.”
The replenishing capacity is capped at the rate of 6,200 Ethereum ETH per hour.
More than $9.162 billion ETH has been staked with Lido Finance as of February 27, according to the protocol’s website. The amount of staked ETH on the protocol has increased by almost $4 billion since the beginning of the year.
The post Lido Finance triggers “staking rate limit” after 150K+ ETH gets staked in a day appeared first on CoinJournal.
Lido Dao price up 13% as staking flows rise ahead of Shanghai
- Lido Dao (LDO) price was up more than 13% in the past 24 hours on Sunday at 3:30 pm ET.
- LDO is gaining momentum after recovering from lows of $2.72 amid improved sentiment around the upcoming Ethereum upgrade Shanghai.
- LDO could see a strong move upward amid gains for liquid staking solutions.
Lido Dao price has increased by 13% in the past 24 hours to recover losses recently suffered following negative market reaction to hotter-than-expected US Personal Consumption Expenditures (PCE) index.
But after cryptocurrencies more than held at major support levels following the dump on news of the Fed’s preferred inflation tool, Lidao Dao native token LDO is taking the lead among liquid staking tokens.
LDO price jumps to 6-month high amid LSD positivity
On Sunday afternoon, the Lido Dao token rose to $3.16 from 24-hour lows of $2.72, its highest price since August 2022.
The token enjoyed the gains as Bitcoin recovered above $23k amid fresh strengthening at this the key support level. But Lido’s double digit gains were the biggest amongst the top 30 cryptocurrencies by market cap.
Even as the rates environment remains a sticking point for bulls across equities and crypto, LDO and other Liquid Staking Derivatives (LSDs) are likely to ride a major upcoming crypto event. This is because the highly anticipated Ethereum Shanghai upgrade is only days away now.
Also likely to help LDO is the US Securities and Exchanges Commission (SEC)’s recent crackdown on centralised staking services. While regulatory uncertainty remains a big issue for all of crypto, moves against CeFi players could also nonetheless prove beneficial to decentralised staking solutions. Lido Finance knows this.
The U.S. has banned the kraken exchange from providing staking services. In this connection we give away $100 in $LIDO token to everyone who invests in staking this week
Hurry up!https://t.co/eMykPNIncR pic.twitter.com/0x82HJF6P4
— Lido Finance (@LidoStaking) February 26, 2023
Indeed, Lido just saw its largest daily inflow of staked Ether (ETH), according to on-chain details shared by Web3-focused research group Cryptomium.
✅ @LidoFinance protocol registered its largest daily stake inflow so far with over 150k #ETH staked.
✅ A protocol safety feature called Staking Rate Limit was activated to respond to large inflows of stake and address possible side effects without pausing stake deposits. pic.twitter.com/LA0CzPLNzP
— Cryptopium – Powering the Web3 Narrative (@CryptopiumGroup) February 26, 2023
Pseudonymous crypto trader and analyst Pentoshi says that LDO is likely to have a strong move as LSDs pick up momentum going into the upgrade.
$LDO
finally took a positionShanghai upgrade around the corner LSD’s should pick up again
Chart looks incredible building up into this and I feel once it starts to move whenever that is it will be a strong move pic.twitter.com/0V64CGAVel
— Pentoshi 🐧 (@Pentosh1) February 23, 2023
With prices above $3 now, sustained upside momentum could see bulls target $4.00 and then $5.00 in March as Ethereum holders begin to access withdrawals of the staked ETH.
The post Lido Dao price up 13% as staking flows rise ahead of Shanghai appeared first on CoinJournal.
Binance Coin price analysis: BNB bulls need to strengthen above $300
- Binance Coin price is around $304, just in the green over the 24-hour time frame.
- BNB recently rejected from the $340 resistance area.
- Bears could target $260 if they take control below the psychologically important $300 level.
Most coins are flat as bulls find it difficult to get bears off their backs, with the total crypto market just 1.2% up in the past 24 hours at $1.12 trillion.
The outlook has Binance Coin hovering around $304 after a slight bounce off lows of $297. Binance’s native coin is indeed in the red this past week at -3.6%.
The latest downturn for the BNB value also has it just in negative territory over the monthly time frame.
BNB price analysis: Why is $300 key for bulls?
Binance Coin price broke out from below a key horizontal resistance line at the beginning of the year and today’s bounce from under $300 is indicative of resilience. However, bulls have not had a strong move since the failed breakout and the rejection around $340.
Before the huge FTX-triggered declines in November 2022, BNB had rejected from the horizontal line twice.
Binance Coin price chart. Source: TradingView
While sideways trading has characterized the last few weeks, the breakdown from the identified resistance has BNB poised near the psychologically important $300. This area is very important to bulls, given the potential for market sentiment to inject volatility in the short-term.
Also, the 50 and 200 day moving averages (EMAs) are key levels to watch. If bears take the upper hand at this zone, its over for bulls as the next major support area would be around $260.
The post Binance Coin price analysis: BNB bulls need to strengthen above $300 appeared first on CoinJournal.