Lido, the Ethereum staking giant, is venturing into the burgeoning "restaking" landscape through a strategic collaboration with Symbiotic and Mellow Finance. This move comes as restaking gains traction within the decentralized finance (DeFi) ecosystem, posing a potential challenge to Lido's dominance.
Read MoreLido (LDO), the liquid staking protocol for Ethereum (ETH) and Polygon (MATIC), experienced a significant price surge in the last 24 hours following the long-awaited approval of spot Ethereum ETF applications by the U.S. Securities and Exchange Commission (SEC) on Thursday.
Read MoreThe Ethereum staking platform Kiln (3.5%) and the cryptocurrency exchanges Coinbase (14.04%) and Binance (3.75%) are other well-known organizations supporting the ETH staking ecosystem.
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