Author: driver789

Lido’s decentralized autonomous organization has proposed a one-off buyback of its governance token to support price levels amid a prolonged downturn. Summary Lido DAO has proposed a one-off buyback of up to 10,000 stETH, about $20M, to accumulate LDO amid what it calls a significant valuation gap. The token is trading roughly 63% below its two-year median against Ether and remains down 95.9% from its all-time high. According to a governance proposal submitted by the Lido Ecosystem Operations team, the plan would allocate up to 10,000 stETH from the DAO’s treasury for Lido DAO to accumulate LDO (LDO). At current…

A new app from the US government has sparked concerns among users and researchers over potential location-tracking features, security vulnerabilities and data collection.The White House launched the app on Friday as a way for users to get a “direct line to the White House,” including receiving breaking news alerts on major government announcements, watching livestreams and keeping up to date on “policy breakthroughs.”However, users on X have raised concerns about the permissions required to use the app, including access to the device’s location, shared storage and network activity, though these claims have not been independently verified.While many apps often request…

The bitcoin BTC$67,284.69 market has been stuck in a rut for over a month, and investors chasing yields may be partly to blame.Since mid-February, BTC has traded in a range centred on $70,000. Some observers say counteracting forces have been at play. The Iran war-led haven demand has been supporting BTC around $65,000, while rising U.S. Treasury yields have been holding back big gains beyond $75,000.But another factor appears to have been quietly keeping bitcoin trapped in its range, and it’s tied to investors using call options to generate additional yield on top of their spot market holdings.”Throughout Q1, institutional…

OKX’s X Layer is the 21st blockchain to integrate Aave, which recently surpassed the $1 trillion mark in cumulative lending volume.Aave, the largest decentralized lending protocol with $23.5 billion in total value locked, has launched on X Layer, an Ethereum layer-2 blockchain launched by crypto trading platform OKX. It marks a significant milestone for X Layer, a blockchain with just $25 million in total value locked, which launched in 2024. The integration would allow OKX Wallet and X Layer users to lend, borrow and earn yield without needing to bridge out to another chain. “This is a very versatile expansion of our…

Bitcoin price failed to stay above $68,800 and declined further. BTC is now consolidating below $68,000 and might continue to move down. Bitcoin started a fresh decline from well above the $70,500 zone. The price is trading below $68,800 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $67,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $68,000 and $68,800 levels. Bitcoin Price Extends Losses Bitcoin price failed to continue higher above $71,200 and reacted to the…

Prediction market transactions have hit record highs in March, amid growing interest in political and geopolitical event contracts, improved accessibility and positive regulatory developments for the industry. According to prediction markets data tracked by Dune, the number of transactions for March is over 191 million so far, which is already a 2,838% increase compared to the same time last year. Blockchain intelligence firm TRM Labs said in a report on Friday that the sector has grown significantly with Google Finance and mainstream media coverage of live odds. “Prediction markets have scaled rapidly due to improved accessibility, regulatory developments, and integration with mainstream…

Ethereum is flashing early warning signs as momentum begins to shift beneath the surface. The RSI trendline break on the USDT pair suggests weakening strength, while the ETH/BTC pair now sits on the edge of following suit. With a familiar breakdown pattern taking shape, the risk of a double confirmation is rising, one that could open the door to a sharper move lower. RSI Breakdown Signals Early Weakness On Ethereum/USDT According to a recent Ethereum analysis from Umair Crypto, the USDT pair has already seen its RSI trendline break, signaling an initial shift in momentum. The ETH/BTC pair is expected…

Industry representatives saw the crypto market structure bill’s proposed yield language on March 23 and 24. The internet — at least X (formerly Twitter) — was unhappy, but it may not matter much.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeWe* have new language outlining how the crypto market structure bill could address stablecoin yield.*Only some people have seen the language, though it should be released for public consumption and review next.Why it mattersSenator Cynthia Lummis (R-Wyo.) said earlier this month that she expected…

Santiment data shows that bearish sentiment language is flooding social media at peak levels. However, this might actually be a good thing for smart bullish investors, as the sentiment data proposes that what retail traders are saying may be setting up the opposite move in price. Social Media Fear Shows Fading Bullish Language Data from Santiment’s social dominance tracking tool shows a vivid rise in bearish language dominating Bitcoin-related discussions on social media platforms. Terms like “crash,” “dip,” “pullback,” and “bloodbath” are now appearing more frequently across social platforms, and this is a direct reflection of the fear among retail…

Opinion by: Kevin Loaec, CEO of WizardsardineFor decades, institutions have followed a familiar pattern when managing assets. They choose a large, regulated custodian. Then, institutions transfer responsibility. Institutions rely on the assumption that scale, compliance and insurance equate to safety.In traditional finance, this approach holds. Transactions are reversible, central banks provide backstops and regulators can intervene. When something breaks, there are mechanisms to absorb, unwind or redistribute the damage.Bitcoin changes those assumptions completely because it is a bearer asset. Control is defined by cryptographic keys, and not account credentials. Every single transaction is final. There is no authority that can…