According to data from Arkham Intelligence, Celsius Network transferred over 428,083.6 stETH, worth more than $800 million, to a wallet used for unstaking from Lido Finance on May 16. The wallet address is "0x4A87EcDfb459eb36d25226D9CCd7Ec4f684AB3Fc". Celsius is currently undergoing bankruptcy proceedings and owes creditors around $4.7 billion. The withdrawn stETH was moved to a different wallet address, and it is unclear whether Celsius will use the proceeds to finance its restructuring and creditor repayments or re-stake it with a different platform.

The recent surge in popularity of meme coins like pepecoin has led to a strain on the Ethereum network, causing transaction fees to reach a 12-month high. As a result, more than 200,000 ether have been deposited to the network this week, marking the first time deposits have exceeded withdrawals since the Shapella upgrade in April. This brings the total number of ether locked for staking purposes to over 19 million tokens, or approximately 15% of the total circulating supply. Lido Finance, a protocol that issues alternative tokens to depositors, currently holds over 6 million staked ethers. Stakers can earn rewards in the form of tokens, with some platforms offering up to 21% yield.

Over $16 billion is locked into liquid staking protocols such as Lido Finance, Coinbase's Wrapped Staked Ether, Rocket Pool, Frax, Stakewise, Stakehound, Ankr, Ether. fi, and Bitfrost, with just over 8 million Ethereum locked in at the time of the Shapella upgrade on April 12, 2023. Since then, over 400,000 Ethereum worth $763 million has been added to 17 liquid staking platforms, with Lido dominating the market, holding 73.6% of Ethereum locked in liquid staking protocols.

Lido DAO community will vote on accepting Abitrum’s airdrop and using the claimed ARB tokens as emission rewards to incentivize the adoption of wrapped staked ether (wstETH) throughout the Arbitrum ecosystem.

In anticipation of the Shanghai Capella Upgrade on Ethereum mainnet in April 2023, liquid staking platform Lido Finance [LDO] has witnessed a significant increase in its total value locked (TVL) as Eher [ETH] stakers look forward to the unlocking of previously locked ETH tokens.

Lido Finance, the largest Ethereum liquid staking platform, on Wednesday announced that Lido staked ETH (stETH) withdrawals will likely be delayed to May after the successful completion of all pending audits of Lido V2 codes.

The crypto market has been painted green today, with many cryptocurrencies trading at massive 24-hour gains. It appears that last week’s bears have given way to the bulls. But as analyst McGlone predicted, the February CPI data release will show the fate of most coins in March.

LDO, the governance token of the popular Ethereum staking solution Lido Finance, has experienced a sharp drop. The token is down by over 6% in the past 24 hours and about 18% in the past week. The token is currently priced at $2.37.

Decentralized finance (DeFi) protocol Lido Finance proposed sunsetting liquid staking on the Polkadot and Kusama ecosystems, according to a proposal posted to Lido’s governance forum on Tuesday.

Ongoing voting showed that the Lido community would most likely support the Ethereum Shanghai Upgrade. The protocol’s TVL growth has evidently surpassed others.