Nov 10, 2023
Markets
Staking Tokens Post Double-Digit Gains on BlackRock Ethereum ETF Hype
Hot on the heels of BlackRock's newest ETF filing are popular Ethereum-staking tokens. The governance token behind Lido Finance has soared more than 20% overnight, per CoinGecko, reaching $2.49 at time of publication. Over the last week, the figure has ballooned even further, hitting 37% since last Friday. Beyond satisfying speculators, LDO also serves as a voting token for the liquid staking protocol Lido Finance. Holders can vote yay or nay on changes to protocol parameters or how Lido should...
May 3, 2023
Markets
Stacks, Rocket Pool Surge in Price as SUI Stumbles in Debut
Following the launch of Sui this morning, the blockchain's native token is down by over 40%—making it one of the worst-performing cryptocurrencies in the past day. The highly-anticipated, layer-1 blockchain platform developed by ex-Meta (formerly Facebook) engineers is now available on a number of major exchanges. At the time of writing, SUI was trading for $1.26, according to CoinGecko. At the time of the launch, it was priced at $2.16. But which tokens are doing well today? In the past 24 hou...
Mar 29, 2023
Coins
Ethereum Staking Tokens Jump Double Digits as Shanghai Upgrade Gets a Date
The Shanghai and Capella upgrades, named Shapella, will activate around 6: 30 pm UTC on April 12, 2023, per the Ethereum Foundation’s latest note. Crucially, this upgrade will let Ethereum stakers, including individuals and larger staking outfits, freely withdraw their ETH. Currently, that’s not possible. The news boosted native tokens for staking projects like Lido DAO (LDO), Frax Shares (FXS), and Rocket Pool (RPL). The gains across these tokens surpassed Ethereum’s 5.5% rise over the last day...