Lido DAO (LDO) fell 16.31% after Ethereum proposed EIP-8361, which could cut staking yields and reduce liquid staking appeal. This triggered heavy selling and a 230% surge in trading volume as investors reassessed Lido's growth. Despite the selloff, derivatives open interest rose 14%, showing traders expect ongoing volatility. LDO found short-term support near $0.2757 but faces resistance at $0.3000, with uncertain recovery prospects amid cautious market sentiment.
Ethereum staking experienced a net outflow of 149,113 ETH from July 28 to August 3, even as the annual percentage rate (APR) for staking rewards slightly increased from 2.66% to 2.67%. Total staked ETH reached 41.37 million, about one-third of the ci...
Lido (LDO) saw its total value locked (TVL) fall by $414 million to $17.573 billion, continuing a 30-day pattern of fluctuations amid broader crypto market weakness. Despite the drop, daily inflows averaged $104.74 million over the past month, indica...
