Lido DAO’s decentralized autonomous organization is weighing a one-off $20 million buyback of its governance token, LDO, in a bid to address a pronounced price dislocation relative to Ether. The plan would swap 10,000 stETH tokens from the treasury for LDO, with proponents arguing that the governance token is undervalued given the protocol’s fundam
Lido DAO proposes $20M LDO buyback to reverse historic price fall
The LDO token is down 95.9% from its all-time high, with a $255 million market cap, even as Lido’s staking protocol still accounts for the largest share of staked Ether at 23.2%.
Bitcoin Spot ETFs Break 4-Week Positive Streak With $296M Outflow
Bitcoin price struggles over the last week were also in its ETF market, as the Bitcoin spot ETFs posted their first net outflows in a month. Before this trading session, these investment funds had experienced a 4-week bullish streak, resulting in a combined net inflow of $2.21 billion. Bitcoin ETFs See Red Again, While Potential […]
Ethereum Flippening Odds Rise as Bitcoin Stays Out
Ethereum’s effort to reclaim the market’s No. 2 spot is facing a different obstacle this year: a booming stablecoin economy. While Bitcoin remains the dominant benchmark, the faster-growing sector of dollar-denominated crypto assets is reshaping how capital flows through the space, with USDT leading the charge and pulling liquidity away from ETH at
Ripple CEO Says XRP Utility Is Company’s ‘North Star’, Acquisitions Overperforming
Ripple CEO Brad Garlinghouse laid out a sweeping vision for the company’s future during a Fox Business interview at a conference in Miami, touching on acquisition performance, the role of XRP as a ‘North Star’ within the company, the opportunity for stablecoins, and the regulatory path forward for the crypto industry in the United States. […
Ethereum Teams Propose ‘Economic Zone’ to Unify Layer-2 Ecosystems
A new collaborative framework proposed by developers from Gnosis and Zisk, with support from the Ethereum Foundation, aims to knit Ethereum’s sprawling layer-2 ecosystem into a more cohesive execution fabric. The initiative, dubbed the Ethereum Economic Zone (EEZ), envisions cross-rollup interactions that would allow smart contracts on different ro
Bitcoin Struggles Under Key Adjusted Realized Price — Why It Matters
Over the past two months, the Bitcoin (BTC) price has tried in vain to reclaim an $80,000 valuation, with prices in this period peaking at approximately $76,000. Interestingly, a market analyst has recently explained that this is due to a significant price level acting as resistance. Adjusted Realized Price Poses Resistance To Recovery Attempts In
WLD Slides To New Lows As World Foundation Offloads $65M
A massive token unlock scheduled for late July could make things worse. Thailand authorities raided an iris-scanning site tied to Sam Altman’s World project last October. That was trouble enough. Now the foundation behind the biometric identity platform is selling its own token at a fraction of what investors paid less than a year ago […]
Walmart-Backed OnePay Expands Token Lineup for New Crypto Users
OnePay, the Walmart-backed fintech initiative, has broadened its nascent crypto platform with more than a dozen new tokens. The expansion follows a rapid early-year rollout that introduced BTC and ETH and signals the company’s push to offer a curated, utility-focused crypto experience to its broad US customer base. In its latest move, OnePay added
Crypto Donations Face Ban As Canada Steps Up Election Security Measures
Canada’s federal government introduced legislation Thursday that would bar political parties and third-party election groups from accepting crypto, money orders, and prepaid cards as political donations. The bill, called the Strong and Free Elections Act, targets payment methods that officials say are difficult to trace and could be used by foreign