Ether ETH DeFi activity has slowed in the bear market and the sector faces increased competition from Ethereum’s 4% annual staking reward, according to Glassnode analysts. However, a DeFi narrative is building around liquid staking derivative (LSD) tokens that could revive Ethereum network activity. According to a recent Glassnode report, the percentage of gas consumed […]
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The five top news of the week in the field of cryptocurrencies are presented. The five most outstanding news of the week are summarized below: Privacy Tokens to be removed from Binance in Europe Starting June 26, privacy tokens will no longer be available to Binance clients in France, Italy, Poland, and Spain. This removal […]
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On Wednesday, the share prices of the 10 largest US banks by market capitalization fell at least 1 percentage point. Cryptocurrencies could be enjoying a rise in price and adoption, as the latest report from Federal Deposit Insurance Corp. showed around half a trillion dollars in deposits withdrawn from US banks during the first three […]
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LDO’s rise in value has not enthused market participants. On-chain volume outperformed in gains, but GitHub contribution declined. Lido Finance is a popular “liquid” staking service. Users can deposit tokens such as Ethereum, Polygon, Polkadot, and other proof-of-stake (PoS) tokens using the protocol to earn an attractive return on their stakes. The LDO token is, […]
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While not everyone is a fan of Bitcoin even its staunchest critics would be hard-pressed to deny its growing influence. One estimate from CryptoSlate predicts that the cryptocurrency industry will enjoy an adoption curve comparable to Online and cell phones, which in theory would give it 1.2 billion potential users by 2025. And, of course, […]
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