ETH price hits $3K as major crypto fund adds over $110M Ethereum to Lido’s staking pool
Later, the hedge fund manager reportedly purchased more than $22.50 million worth of ETH tokens from FTX and Deribit. Go to Source Powered by WPeMatico
staking
Auto Added by WPeMatico
ETH Continues to Leave Trading Platforms, Ethereum Balance on Exchanges Lowest in 3 Years
While the second-largest crypto asset by market cap has gained more than 15% in value against the U.S. dollar during the last week, the number of ethereum stored on exchanges has dropped significantly during the last few weeks. In less than two years, more than 29% of the ether held on exchanges has left centralized … Read more
Ethereum balance on crypto exchanges falls to lowest levels since 2018
Nearly $1.61 billion worth of Ethereum tokens has left crypto exchanges year-to-date, ahead of its protocol’s potential full merge to proof-of-stake in summer. Go to Source Powered by WPeMatico
Polygon’s focus on building L2 infrastructure outweighs MATIC’s 50% drop from ATH
MATIC price is still 50% below its all-time high, but the network’s TVL and DApp data hint that the layer-2 solution remains a serious contender. Go to Source Powered by WPeMatico
Income generation on DeFi, explained
DeFi enables users to earn passive income without undergoing complex measures. Go to Source Powered by WPeMatico
Solana TVL and price drop 50%+ from ATH, but gaming DApps could turn the tables
SOL price is down 48% year-to-date and data shows that its decentralized apps use is fading out, but there are a few reasons to remain hopeful. Go to Source Powered by WPeMatico
Andreessen Horowitz invests $70M in Ethereum staking protocol Lido
The venture capital firm said Lido’s liquid staking solution removes many “operational complexities” institutional investors have faced in staking ETH. Go to Source Powered by WPeMatico
City of Miami Gets $5.25M Disbursement From Miamicoin as MIA Flounders 88% Lower Than Price High
While Miami’s mayor Francis Suarez told the public he was a big believer in bitcoin and has accepted his pay in bitcoin, at the same time, a crypto coin called miamicoin (MIA) was launched. The Miamicoin project’s goal was to give Miami’s “citizens and supporters the power to support, improve and program the Magic City.” … Read more
UK tax agency cracks down on rules around DeFi lending and staking
“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK,” said the executive director of CryptoUK Ian Taylor Go to Source Powered by WPeMatico
Stader Labs announce $12.5 million strategic raise, receives praise from Terra founder Do Kwon
There are now over 15,000 unique wallets staking on Stader Labs, with total value locked of around $500 million. Go to Source Powered by WPeMatico