Latest news with #Lido
Yahoo
2 days ago
- Business
- Yahoo
Ether Outperforms DeFi Market in May, Bouncing From Woeful Start to the Year
Ether ETH has increased in value by 45% over the past 30 days, outperforming the decentralized finance (DeFi) market and bitcoin, which are up 21% and 13% respectively in the same period, according to DefiLlama data. Much of ether's rise has been attributed to institutional interest that has led to record inflows from spot ETH ETFs. ETH's rise came after a lull in sentiment earlier this year as rival layer-1 blockchains like Solana took the limelight with a flurry of memecoin releases. At the turn of the year ETH was trading at $3,340 however by early April it had tumbled to as low as $1,472 amid global uncertainty related to U.S. tariffs. But now, as documented in an article by CoinDesk analyst Omkar Godbole on Thursday, ether has finally broken an 18-month downtrend against Solana as it begins to wrangle back control of the DeFi market. It appears that much of that appetite is related to yields -- DefiLlama data shows that TVL on restaking protocols like Lido, EigenLayer and have all risen by between 41% and 48% this month, while Binance's staked ether product has experienced a 63% jump in TVL. The Solana-based DeFi protocols, however, have failed to keep pace with those on Ethereum. Jupiter's and Kamino's TVL have risen by just 7% and 9% while liquid staking protocol Marinade has seen TVL increase by 29%. Ether's recent performance marks a significant recovery from earlier this year, with increased institutional interest and strong growth in DeFi protocols contributing to its rise. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
5 days ago
- Business
- Business Mayor
Altcoins surge! XMR, AAVE, and WLD outperform as Bitcoin holds support
Bitcoin, at press time, was consolidating above $109,000, showing resilience within the upper Bollinger Band range. The RSI was at at 67.71 – hovering near overbought territory – A sign of strong bullish momentum without immediate signs of exhaustion. Meanwhile, the OBV remained flat – A sign of a pause in buying pressure, despite recent gains. Source: TradingView This steady range-trading in Bitcoin has opened the door for capital rotation into altcoins like XMR, AAVE, and WLD. With BTC holding support and volatility compressing across the board, traders might be increasingly willing to chase higher returns in riskier assets. Especially since Bitcoin serves as a stable anchor for the market. WLD breaks out, but… Worldcoin has climbed by over 35% in the past two weeks, consolidating above $1.43 with its bullish momentum still intact. The RSI was at 63.94 at press time, reflecting steady upward pressure without overbought signals. However, the CMF remained slightly negative, indicating a potential drop in sustained buying power. Source: TradingView This, after the broader privacy coin sector advanced by over 3%, pushing its combined valuation past $10 billion. While the sector-wide rally did offer some respite, WLD's muted on-chain flows do raise some questions about whether it can maintain its gains without stronger capital inflows. XMR hits overdrive, but is a cool-off coming? Monero surged to $411, mirroring the broader privacy coin rally that pushed the sector past a $10 billion valuation. However, its daily RSI soared to 81.86 – firmly in overbought territory – raising caution about a potential short-term correction. The MACD was bullish, with wide separation between signal lines, reinforcing the strength of the uptrend. Source: TradingView Still, the slight dip in daily volume hinted at waning momentum. While XMR has clearly benefited from the privacy coin narrative, traders may want to brace for consolidation or a retest unless fresh catalysts emerge to support sustained vertical price action. Read More Lido breaks out: Is $4 the next target for LDO? AAVE joins the rally, but signs hinted at exhaustion AAVE climbed to $267, extending gains from its mid-May breakout and riding the sector-wide upswing in privacy and DeFi-linked tokens. However, with the RSI at 71.57, the asset entered overbought territory – Often a precursor to short-term pullbacks. Source: TradingView Despite solid momentum and higher lows supporting the uptrend, the recent string of small-bodied candles alluded to indecision creeping in. With volume slightly falling too, bulls may need a fresh catalyst to sustain the climb. A brief consolidation phase could be healthy, especially after the nearly 80% rally seen over the past month.
NZ Herald
20-05-2025
- Entertainment
- NZ Herald
French Film Festival Aotearoa 2025 comes to Waikato
Alliance Française Hamilton president and Le Rendez-Vous Samantha Wiria said the creperie wanted to team up with Lido during the festival so moviegoers could have 'a full French experience'. The creperie is also changing its operating hours and offering discounts to festivalgoers who can provide a ticket when they order. 'People can come before or after [watching a film] to the creperie.' Wiria said the taste of authentic French food would also help to extend the atmosphere of the festival, the feeling of the 'French moment'. 'I think that the French cinema has something special,' Wiria said. 'Each time the French festival has been here, the quality of the movies is very high. 'It's always a special period of the year.' Alliance Française Hamilton secretary Catherine Neazor Brady said she was most looking forward to seeing the festival's opening night picture Monsieur Aznavour. 'He sang really famous songs like La Boheme which are all going to be in the movie.' Neazor Brady said the film, which tells the story of Charles Aznavour, France's Frank Sinatra, was a must for anyone who liked musical biopics. Alliance Française Hamilton centre manager Marie-Christine Richard said Aznavour was 'iconic'. 'He has been a pillar representing what the French song is all about. So it's very classic.' Richard said audiences would enjoy French cinema's emphasis on soul, story and history. 'I think that people are really missing a good story.' She said festivalgoers would also leave the theatre with good conversation. 'The endings are very puzzling. They open the possibility for reflection because sometimes French cinema is very ambiguous.' Which French Film Festival movie should I see? The Alliance Française Hamilton team have recommended these titles. How to Make a Killing – a dark comedy set against spectacular scenery for people who are not very familiar with the French language. The Count of Monte Cristo – a critically acclaimed adaptation of Alexandre Dumas' epic tale of revenge and redemption. Event details: What: French Film Festival Aotearoa 2025 Hamilton opening night gala Where: Lido Cinema, Hamilton When: Wednesday, May 28 with wine and nibbles from 6.15pm, film screening starts at 7pm.
Yahoo
14-05-2025
- Business
- Yahoo
The Protocol: Lido Avoids Major Hack
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. This is Margaux Nijkerk and Sam Kessler, CoinDesk's Tech team. In this issue: Hacking Attempt on Lido Results in 1.4 Ether Lost From Oracle Provider Bitcoin DeFi Security Improves as Rootstock Boosts Hashrate Share Ethereum's Next Upgrade 'Fusaka' Could Cut Layer-2 and Validator Costs Telegram Cracks Down on $8 billion Crypto Crime Marketplace Unknown block type "divider", specify a component for it in the ` option LIDO AVOIDS MAJOR SECURITY BREACH: Lido, Ethereum's largest liquid staking protocol, avoided a major security incident after one of its nine oracle keys was compromised in what appears to be a low-impact but serious breach involving validator operator Chorus One. Lido secures over 25% of all ether (ETH) staked on Ethereum, making it one of the most systemically important protocols in the Ethereum ecosystem. The compromised key was tied to a hot wallet used for oracle reporting, leading to the theft of just 1.46 ETH ($4,200) in gas fees. No user funds were affected, and no broader compromise was detected, per X posts from both Lido and Chorus One. — Tim Craig Read more. BITCOIN DEFI BLOSSOMING: Decentralized finance (DeFi) on the Bitcoin blockchain may still be in its infancy relative to Ethereum, but Bitcoin DeFi (BTCFi) is becoming safer and cheaper, crypto analytics firm Messari said in a new report. A central participant is Rootstock, one of the oldest Bitcoin layer-2 projects, crypto analytics firm Messari said in its "State of Rootstock" report. Rootstock is now secured by 81% of Bitcoin's total hashrate, meaning miners that account for amount the hashrate are also approving transactions on the layer 2. The figure was just 56% before the the onboarding of Foundry and Spiderpool, the world's largest and sixth-largest mining pools, respectively, in February. — Jamie Crawley Read more. FUSAKA PLANNING BEGINS: After the successful deployment last week of Pectra, Ethereum's biggest upgrade in more than a year, the network's core developers are already shifting focus to the next major chain upgrade: Fusaka. Pectra, the biggest code change to Ethereum since the Merge in 2022, introduced key changes aimed at making staking easier for institutions, improving wallet accessibility, and boosting transaction efficiency. Developers have already begun planning for Fusaka, the network's next upgrade, and have thus far agreed to include an Ethereum Improvement Proposal (EIP) called "PeerDAS" that could help the network support larger "blobs" of transaction data. — Margaux Nijkerk Read more. TELEGRAM CRACKS DOWN ON CRYPTO CRIME MARKETPLACE: Messaging app Telegram has closed thousands of channels belonging to suspected Chinese crypto-crime marketplaces after new research shed light on the situation, according to Elliptic. The closure follows a report published by the blockchain analytics firm on Tuesday into the fast-growing Telegram-based marketplace called Xinbi Guarantee. The Colorado-incorporated marketplace has processed over $8.4 billion worth of transactions using Tether's USDT stablecoin since 2022. It facilitates services relating to money laundering, operating crypto scam compounds and other illicit services, such as intimidation and sex trafficking, according to Elliptic. — Tim Craig Read more. Unknown block type "divider", specify a component for it in the ` option Robinhood Markets (HOOD), the California-based financial services company, said it agreed to buy Canadian crypto firm WonderFi (WNDR) for $178.98 million. The all-cash acquisition values WonderFi at 36 Canadian cents per share, a 41% premium over its closing price prior to the announcement. — Omkar Godbole Read more. Stock and crypto trading platform eToro (ETOR) debuted at $52 a share on the Nasdaq exchange. The company raised about $312 million from investors by selling 6 million shares at a price of $52 a piece. The listing values the company at $4.2 billion. EToro became the first U.S. crypto company to go public following the market uncertainty wrought by President Donald Trump's tariff actions. — Helene Braun Read more. Unknown block type "divider", specify a component for it in the ` option The Gibraltar government said it plans to establish the world's first rules for the clearing and settlement of crypto derivatives, creating a regulatory framework to improve market integrity and reduce key risks. Working with the Gibraltar Financial Services Commission (GFSC) and crypto exchange Bullish (whose owner, Bullish Group, is also the parent of CoinDesk), the government has built a framework over the past six months that tailors traditional financial clearing regulations to the virtual asset market. — Jamie Crawley Read more. Unknown block type "divider", specify a component for it in the ` option May 14-16: Consensus, Toronto May 19-23: Solana Accelerate, New York City May 20-22: Avalanche Summit, London May 27-29: Bitcoin 2025, Las Vegas May 27-29: ETHPrague, Prague June 8-22: Berlin Blockchain Week, Berlin June 30-July 3: EthCC, Cannes July 16-18: Web3 Summit, Berlin Sept. 22-28: Korea Blockchain Week, Seoul Oct. 1-2: Token2049, Singapore Dec. 11-13: Solana Breakpoint, Abu Dhabi
Yahoo
13-05-2025
- Business
- Yahoo
Lido Proposes a Bold Governance Model to Give stETH Holders a Say in Protocol Decisions
Lido Finance, Ethereum's largest liquid staking platform by locked value, has introduced a proposal that grants staked ether (stETH) holders direct voting power alongside existing DAO tokenholders. The upgrade, dubbed Lido Improvement Proposal (LIP) 28, outlines a dual governance system allowing stETH holders — those who stake ETH via Lido and receive a liquid token in return — to participate in a veto mechanism on key protocol decisions. Currently, only holders of LDO, Lido's governance token, have a say in how the protocol evolves. Under the new system, stETH holders could veto certain proposals approved by LDO tokenholders, though the veto would not enable them to push proposals through unilaterally. The proposed system is framed as a mechanism to increase accountability and decentralization, especially as Lido continues to dominate Ethereum's staking landscape. Over 25% of all ETH is staked on the network running through its infrastructure. The Dual Governance system adds a special timelock contract between Lido DAO's decisions and their execution, giving stETH holders a way to intervene if they strongly oppose a proposal. The "dynamic" time lock is necessary because it is how on-chain governance technically works behind the scenes. In the current system, decisions don't take effect right away, as there is a set period before they're executed. That gives users time to react if they don't agree with certain changes. However, Ethereum staking is different because one can't quickly unstake or withdraw ETH, even with the current timelock. It takes time, liquidity is complex, and there is often a queue that could take several days to clear. The new proposal wants to tackle that. The proposed dynamic timelock assumes that, as enough users, who aren't satisfied with a proposed change, deposit their stETH (or wrapped stETH and withdrawal of NFTs) into a designated escrow contract for withdrawal, the timelock duration begins to increase — this is called crossing the 'first seal' (set at 1% of total Lido ETH staked). If discontent continues and deposits cross the 'second seal' threshold (10% of Lido's ETH TVL), a "rage quit" is triggered: execution of the DAO's decision is completely blocked until all protesting stakers have had the chance to withdraw their ETH. This creates a sort of safety valve — allowing stakers to signal objection and exit — while still giving the DAO time to respond or cancel the contentious action. The plan comes as Ethereum has surged more than 30% over the past week, riding momentum from its Pectra upgrade, which introduced execution-layer reforms to improve scalability and efficiency. The rally has sparked renewed attention on Ethereum-native applications like Lido, which is critical in capital flow and validator participation across the chain — and directly impacts ETH market structure. The LIP-28 proposal is still in its discussion phase, with a formal on-chain vote expected in the coming weeks. If approved, the change could shift how governance is distributed across Ethereum's staking ecosystem, setting a precedent for other DeFi protocols seeking to include users, not just tokenholders, in decision-making. Lido's other competitors include Rocket Pool and Frax Ether. LDO prices have risen 6.5% in the past 24 hours, while the CoinDesk 20 Index, a broader market gauge, climbed 2.5%.
