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” LUNA flips Ethereum becoming second largest network for staked value “ According to data from Staking Rewards, Terra (LUNA) has flipped Ether (ETH) in terms of staked value, with $29.5 billion worth of LUNA locked up compared with Ether’s $25.9 billion. The platform’s data shows that there are currently 226,325 LUNA stakers, making it…
” Andreessen Horowitz invests $70M in Ethereum staking protocol Lido “ Ethereum staking solution Lido Finance has raised $70 million from venture capital giant Andreessen Horowitz, marking the protocol’s first funding round since May 2021. Andreessen Horowitz’s investment in Lido is intended to further support the adoption of decentralized staking solutions for Ethereum 2.0, a…
“# 3 reasons why Lido DAO Token could be on the verge of breaking its downtrend ” Ethereum (ETH) and decentralized finance (DeFi) are undergoing a seismic shift as the transition to Eth2 and a proof-of-stake consensus mechanism is helping to increase the value proposition for the network which has historically has been plagued with…
“# Ethereum futures premium hits a 7-month low as ETH tests the $2,400 support ” Ether (ETH) reached a $3,280 local high on Feb. 10, marking a 51.5% recovery from the $2,160 cycle low on Jan. 24. That price was the lowest in six months, and it partially explains why derivatives traders’ main sentiment gauge…
“# pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem ” One of the most significant transitions to occur for the cryptocurrency ecosystem since the launch of Bitcoin (BTC) has been the increasing dominance of proof-of-stake (PoS) protocols over the proof-of-work (PoW) model, primarily due to energy requirements of the PoW…
“# YGG-backed Oasys blockchain hopes to take P2E gaming mainstream ” The team behind the new gaming-focused proof-of-stake blockchain Oasys say that it’s been designed to increase mainstream play-to-earn (P2E) adoption. The Singapore-based firm (Oasys PTE. LTD) behind the new chain touts its scalability, eco-friendly PoS blockchain, “zero gas fee experience” and the portability of…
“# Winter is coming! Here are 5 ways to survive a crypto bear market ” The cryptocurrency market has an interesting way of catching even the most seasoned veterans off guard as each bull and bear market initially shows similarities to previous cycles only to veer off in an unexpected direction and wipe out the…
“# Finance Redefined: Wonderland reveal and Wormhole hacked, Jan. 28–Feb. 4 ” Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. It’s been a tumultuous week of doxxing, hacks, bailouts and new highs in the decentralized finance space. Read on to recap the most impactful stories of the last seven days. This article represents…
“# $1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions ” According to blockchain data from Nansen Analytics on Tuesday, over $1.096 billion worth of Ethereum (ETH) has been burned in the past month. With the introduction of the EIP-1559 last August, a portion of fees is…
“# Eth2 is no more after Ethereum Foundation ditches name in rebrand ” The Ethereum Foundation has removed all references to Eth1 and Eth2 in favor of calling the original blockchain the “execution layer” and the upgraded Proof of Stake chain the “consensus layer.” Ethereum’s long-awaited transition from a Proof-of-work mining model to a Proof-of-Stake…