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The price of LDO jumped briefly after an updated spot Ether ETF application from Fidelity which proposed to stake “a portion” of the fund’s ETH to generate additional income.
A signaling post will go live on March 19 and conclude on March 23
The token fell more than 25% after launching Monday morning
Financial giant Fidelity has amended its spot ether ETF application to include provisions for staking the cryptocurrency. “The Sponsor may, from time to time, stake a portion of the Fund’s assets through one or more trusted staking providers,” the company wrote in an amendment to its ETF application on Monday.
10T Holdings CEO Dan Tapiero said bitcoin could easily rise to $200,000 based on previous market cycles.He contrasted the exploding demand from the bitcoin ETFs with the upcoming supply shock of the halving to support his view.
The funding rate for Bitcoin perpetual futures has been reset after $370 million in contracts was liquidated. Is that a good sign?
Ethereum’s woes appear to have deepened as negative perp funding rates exacerbate market uncertainty.
Bitcoin big players seem ready to buy BTC at any price, while smaller market participants decrease exposure.
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