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Ethereum crash reason: What is Lido Staked ETH, pulling Ethereum price down?

Ethereum crypto crash reason: A DeFi derivative version of Ethereum may cause a massive crypto crash.

FINANCIAL EXPRESS2022/06/15 09:09

Ethereum crash reason: What is Lido Staked ETH, pulling Ethereum price down?

FINANCIAL EXPRESS2022/06/15 09:09

What will become of Lido Finance as sETH gets depegged for the second time this month

stETH is a token representing staked Ether in the Lido Finance platform, combining the value of an initial deposit + staking rewards. A derivative token backed 1:1 by ETH. Users who stake their ETH on the Lido Finance platform receive the staked derivative in return. Users/stakers can access the value of their staked tokens while staked. But what about its potential downside?

Ambcrypto2022/06/15 08:30

What will become of Lido Finance as sETH gets depegged for the second time this month

Ambcrypto2022/06/15 08:30

Lido Staking Woes Continue as stETH Selloff Accelerates

The largest Ethereum liquid staking platform Lido is feeling the pressure as its staked asset has not regained its peg and is started to get liquidated. The Lido stETH token has fallen 5% from its Ethereum price peg. Three Arrows Capital has been liquidating its stETH holdings. The embattled Celsius platform holds more than 400,000 stETH, causing concern.

FXEMPIRE2022/06/15 08:10

Lido Staking Woes Continue as stETH Selloff Accelerates

FXEMPIRE2022/06/15 08:10

Will Lido Staked Ether Trigger the Next Big Crypto Crash?

Lido’s crypto derivative representing staked ether (stETH) has slipped by roughly 6% compared to ether in the past 72 hours, causing concern there could be another big crypto crash similar to last month’s collapse of LUNA.

Blockworks2022/06/15 07:19

Will Lido Staked Ether Trigger the Next Big Crypto Crash?

Blockworks2022/06/15 07:19

Celsius Market Cap Sank $290 Million in May, Even Before Withdrawl Freezes

Celsius’ market value continues to plummet to new lows due to bearish market trends. CEL has been stuck under $5 throughout 2022 so far. Celsius market cap was around $199 million by the end of May.

beincrypto2022/06/15 06:26

Celsius Market Cap Sank $290 Million in May, Even Before Withdrawl Freezes

beincrypto2022/06/15 06:26

Could institutions pulling millions see Bitcoin at $20K next

Even though there are many cryptocurrencies recovering today, Bitcoin is continuing to stack up more losses. Interestingly, institutions seem to have identified it beforehand, making their exit as soon as the first signs emerged.

Ambcrypto2022/06/15 05:18

Could institutions pulling millions see Bitcoin at $20K next

Ambcrypto2022/06/15 05:18

S&P 500’s Bear Market Illustrates How External Actors Have Affected Crypto

The S&P 500 closed more than 20% below its all-time high, set in January...

dailyhodl2022/06/15 05:08

S&P 500’s Bear Market Illustrates How External Actors Have Affected Crypto

dailyhodl2022/06/15 05:08

Analyzing if DOT bulls can clinch near-term gains before a pullback

Polkadot [DOT] has been on a persistent decline over the last few months. During this phase, the two-month trendline resistance has kept a check on the recent bullish revival attempts.

Ambcrypto2022/06/15 03:48

Analyzing if DOT bulls can clinch near-term gains before a pullback

Ambcrypto2022/06/15 03:48

Strongest hands being purged from BTC? Here’s everything ‘on-chain’

A majority of macro indicators suggest the market is entering the deepest phase of this bear cycle.

Ambcrypto2022/06/15 02:23

Strongest hands being purged from BTC? Here’s everything ‘on-chain’

Ambcrypto2022/06/15 02:23

Has Bitcoin Hit Bottom Yet? Here’s What On-Chain Data Says

Bitcoin continued to crash down yesterday, with the coin hitting as low as $21k before rebounding to current values. Has the crypto made the bottom yet? Bitcoin NUPL Indicator Assumes...

newsbtc2022/06/15 01:56

Has Bitcoin Hit Bottom Yet? Here’s What On-Chain Data Says