Renzo Restaked ETH Suffers a Brief Crash on Uniswap
The sell-off was likely catalyzed by users looking to reclaim their ETH in low liquidity conditions and large liquidations of ezETH-collateralized positions.
The sell-off was likely catalyzed by users looking to reclaim their ETH in low liquidity conditions and large liquidations of ezETH-collateralized positions.
The fresh round of capital will be used to help launch Puffer’s mainnet.
Bitcoin has also given up some of its early Monday bounce, returning down to the $64,000 level.
Market odds of approval in May are dwindling, but David Lawant and Purvi Maniar of FalconX say we’ll likely see an ETH ETF approval over the next 12-18 months.
The launch comes after $12 billion has already been deposited into the protocol.
Liquid staking tokens like Lido, Rocket Pool, and ether.fi follow ether’s gains.
The proposal, introduced in February, could harden Ethereum’s native cryptocurrency, ether (ETH), as a form of money – by reducing the inflation of new supply. But some members of the community say if it’s not broke, don’t fix it.
A death cross occurs when a short-term moving average drops below the long-term moving average, signaling a potential long-term bearish shift in momentum.
Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said.
If you have the money printer – as is the case for many of the blockchain projects with the power to create their own digital tokens – why wouldn’t you use it? PLUS: Vitalik Buterin riffs on göğüs coin and Ethereum’s new “blob market.”