Stock index futures are trading down over 1% so far Thursday as investor optimism is being kept in check by the possibility that the Federal Reserve will keep interest rates higher for longer as we head deeper into the new year. This fear has caused the S&P 500 to drop 20% from its record close…
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Bitcoin has opened the new year continuing to trade sideways, falling 0.5% over the past 24 hours and trading at around $16.66K currently, close to the daily 20-day Exponential Moving Average resistance. The leading crypto is struggling to maintain a positive bias from the past couple of days with a steady increase in volume…. Read…
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A look at the top performers over the past 24 hours reveals a trend that could trigger a boom among certain altcoins in 2023. We’re talking about Lido Finance (LDO), which has risen 7% in the past 24 hours and 17% over the past seven days, making it the 37th largest cryptocurrency by market cap.…
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The cryptocurrency market is on the upswing today, with Bitcoin’s price rising above $20,500 for the first time in weeks, Ethereum’s price rising above $1,500 for the first time since the post-merge turmoil, and the total market cap surpassing $1 trillion after three weeks below that threshold. … Read More: Here’s Why Crypto Prices Are Pumping…
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In roughly three days Ethereum is expected to transition from a proof-of-work (PoW) blockchain network to a proof-of-stake (PoS) version via The Merge. Ahead of the transition, the liquid staking project Lido has seen a lot more activity as the value locked in the protocol increased by more than 13% this week. Moreover, the project’s…
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The proposal aimed to secure a two-year runway for LidoDAO to carry out its functions in the Lido Finance protocol without worrying about further fundraising. LidoDAO, the governance body that controls Lido Finance, has voted to reject a proposal that would have sent 1% of the LDO token supply to Dragonfly Capital in exchange for…
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Ethereum 2.0’s tentative launch in September raises LDO’s prospects of holding its gains. The price of Lido DAO (LDO) dropped heavily a day after its key momentum oscillator crossed into “overbought” territory. LDO undergoes overbought correction LDO’s price plunged to as low as $1.04 on July 16 from $1.32 on July 15, amounting to a…
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