What Lido staking dominance may mean for Ethereum's future

Lido DAO token holders have commenced voting to determine whether the DeFi platform should reduce its staking pool. The post What Lido staking dominance may mean for Ethereum's future appeared first on CryptoSlate.

Timeline of Ethereum

It has been hard for ETH traders to avoid panicking in the last few months as ETH continued to sell with no end in sight. The bears have been easing off their assault every once in a while, paving the way for minor relief rallies.

Lido community members have begun debating whether the staking service provider should limit its share of staked Ethereum because of the systemic centralization risk this poses to the blockchain network. The post Lido community debates limiting staked Ethereum as centralization concerns grow appeared first on CryptoSlate.

As the large cap coins have continued to suffer losses, Ethereum whales have now turned their focus to smaller cap altcoins in a bid to try to squeeze out some profit from the bear market. These coins are previously unknown outside of their community niches but these large investors are bringing them to the forefront.

Solana (SOL) is the best performing asset in the crypto top 10 by market cap. The market seems to be positively reacting to Solana Labs' smartphone announcement as the cryptocurrency is surging faster than other assets in this tanking.

According to a PeckShield notice sent on Friday, a wallet address connected with last year's alleged AnubisDAO rug pull has begun to move funds from the heist. The hackers already funneled 1,018 ETH via Tornado Cash at the time of…

Electricity consumption on some of the biggest crypto networks dropped by as much as 50%, as depressed token prices forced miners to shut shop, according to the Guardian. The post Crypto downturn sees electricity consumption on Ethereum plunge by 50% appeared first on CryptoSlate.

Data shows the Ethereum mining hashrate has declined over 10% in the last month as miner profitability has dropped. Ethereum Mining Hashrate Takes A Dip, Now Only Around 862 TH/s As pointed out by an analyst in a CryptoQuant post, factors like the declining ETH price and the coming merge is forcing some miners to

After a month of debating the issue, the Lido DAO is voting on whether to dilute its Ethereum staking dominance. The post Lido DAO begins voting on whether to limit its Ethereum staking dominance appeared first on The Block.

What happened: On Thursday a total of 3,707.72 Ether (CRYPTO: ETH) worth $4,445,666, based on the current value of Ethereum at time of publication ($1,199.03), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

Crypto analytics firm Santiment says Ethereum (ETH)-scaling solution Polygon (MATIC) is now entering the sixth week of whale and shark accumulation. Santiment says whales holding between 10,000 and 10 million MATIC tokens have collectively increased their holdings by nearly 10% over the six weeks. “MATIC sharks and whales have been in a pretty big accumulation The post Crypto Whales Are Massively Accumulating One Ethereum Scaling Altcoin, According to Analytics Firm Santiment appeared first on The Daily Hodl.