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Lido TVL Surpasses $20 Billion, Marking a Historic Milestone

Lido Finance, a decentralized finance (DeFi) platform, has recently surpassed the $20 billion Total Value Locked (TVL) milestone. This notable feat marks the first time Lido has reached such a…
Justin Sun

Justin Sun Redeems 30,000 stETH Worth $55.8 Million

In a recent transaction observed on the Ethereum blockchain, Justin Sun redeemed a substantial amount of stETH, reinforcing his active participation in the digital asset market. The transaction took place…
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Hong Kong Virtual Asset Index Expands to Include a Diverse Range of Tokens

The Hong Kong Virtual Asset Index (HKVAC) has been unveiled, encompassing a wide range of cryptocurrencies and tokens. The index, which includes prominent digital currencies such as Bitcoin (BTC) and…
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USDT Untethered Fate: Navigating the Depegging Storm

The price of the USDC/USDT trading pair on Binance has been rapidly increasing and has now reached $1.0034, the highest level seen since June 13, 2022. This surge in value…
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The Decentralized Finance (DeFi) Sector Witnesses Surge in Liquidation Volume

The decentralized finance (DeFi) sector has recently experienced a significant surge in liquidation volume, reaching over $11 million, as reported by Parsec’s latest data. This milestone marks the highest recorded…
tenetprotocol

Tenet Protocol: Introducing a Revolutionary Public Blockchain for LSD

With the increasing popularity of the LSD (Liquidity Staking Dollar) narrative, innovative mechanisms are emerging within the LSD space. Today, we introduce Tenet Protocol, a groundbreaking Layer 1 blockchain designed…
lido1 e1684466880317

Lido Finance Introduces stETH Withdrawal NFTs

Lido Finance, a leading decentralized finance (DeFi) platform, has introduce of ETH Withdrawal NFTs, revolutionizing the way users interact with their cryptocurrency assets. With these unique non-fungible tokens (NFTs), Lido…
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Curve Finance Launches crvUSD UI and Announces Future Expansion

Curve Finance Introduces crvUSD UI and Plans to Expand Market Offerings. Curve Finance, a prominent decentralized finance (DeFi) platform, unveiled the launch of its new crvUSD UI. This user interface…
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Celsius Requests Withdrawal of $800 Million Worth of ETH from Lido

Celsius Network, a crypto lending firm that has recently filed for bankruptcy. Celsius had a large amount of staked Ether (ETH) on the Lido platform, which allows users to stake…
Ethereum Smart Contract Might Be on XRP Ledger Soon

Lido V2 Upgrade: Ethereum Withdrawals Now Live

Lido V2 has recently launched, The most notable addition is the ability for Ethereum stakers to directly unstake their ETH through the Lido protocol. Lido Finance, with its 29% share…
Ethereum

ETH Staking Rate Reaches Historical High

In recent news, Token Unlock has reported that the current annualized rate of return for staking Ethereum ($ETH) is at a historical high of 8.6%. This is a result of…
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Maker Dao Launches New Decentralized Finance Solution Spark Protocol

On May 9, 2023, Spark Protocol will officially launch, providing a brand new decentralized finance (DeFi) solution for users seeking supply and borrow features for ETH, stETH, DAI, and sDAI.…
lido

Lido V2 to Unlock Direct In-Protocol staked ETH

Lido Finance, a decentralized liquid staking solution for Ethereum 2.0, has announced the launch of Lido V2 on May 15th. The new version will unlock direct in-protocol stETH:ETH withdrawals, simplifying…