Lido DAO proposed spending up to 10,000 stETH to buy its own governance token at what it calls a historically depressed valuation. That works out to roughly $20 million at current ether prices near $2,000. The problem is where to spend it. Onchain LDO liquidity sits at about $90,000 of depth at plus-or-minus 2%, according…
Prospects of interest rate rises are no longer just the U.S. story. Traders are now betting the Bank of Japan (BoJ) could tighten too as the resource-scarce nation faces inflation risks from the ongoing Iran war. Traders see a roughly 69% chance of the BoJ raising its benchmark borrowing cost at the April 28 meeting,…
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market started the week on a positive note, but further gains may be limited as signs of fresh capital inflows remain weak. Ether (ETH) and solana (SOL) prices have risen over 3% since midnight UTC, with BTC up nearly 2% and XRP lagging at…
The Ethereum Foundation is stepping up its efforts to put treasury assets to work, with data from Arkham showing it staked more than 20,000 ETH on Monday, expanding its validator footprint even as yields hover below 3% and ether trades near $2,045. Arkham data shows the transfers were split into uniform chunks of roughly 2,047…
The final week of March is shaping up to be a volatile one, with the FTX Recovery Trust set to distribute $2.2 billion to creditors on Tuesday and the key U.S. monthly nonfarm payrolls statistic due Friday, when many equity markets worldwide will be closed for Good Friday. The war in the Middle East, now…
The war just got bigger. Bitcoin briefly got smaller. Bitcoin dipped to $65,112 early Monday morning, according to CoinDesk data, its lowest level since the February crash, before recovering to $67,402 as Asian markets opened. The 24-hour range of $65,112 to $67,389 reflects a market that sold hard on overnight escalation headlines and found buyers…
The bitcoin BTC$67,284.69 market has been stuck in a rut for over a month, and investors chasing yields may be partly to blame. Since mid-February, BTC has traded in a range centred on $70,000. Some observers say counteracting forces have been at play. The Iran war-led haven demand has been supporting BTC around $65,000, while…
Hyperliquid is decentralized, but geography still matters, as new research by Glassnode shows traders closer to its infrastructure have a clear speed advantage. Trades from Tokyo-based users can reach the protocol’s validators in as little as 2 to 3 milliseconds. That’s far better latency than European users, who face delays exceeding 200 milliseconds. That’s because…
OnePay, which is majority-owned by Walmart, has added more than a dozen crypto tokens to its offerings that the executive responsible for digital assets said “meet a high bar” that’s been set by the banking app’s customers. Since launching in January, offering Bitcoin (BTC) and Ethereum (ETH) on its its nascent crypto platform, OnePay on…
Lido’s decentralized autonomous organization is considering a one-off $20 million buyback of its governance token to address so-called price dislocation, which is at “historically depressed levels” relative to Ether, according to the DAO. The proposal, submitted Friday, seeks permission to swap 10,000 Lido Staked Ether (stETH) tokens, currently worth $20 million from the DAO’s treasury…
