Lido DAO

$LDO

Despite U-Mich sentiment data showing higher forward inflation expectations and reduced consumer confidence, equity indices are rising sharply today. The SPY has risen 1.33%, while the QQQ has gained over 2%. Crypto markets are somewhat mixed today following the confirmation of Blackrock’s spot Ether ETF application. ETH -0.58%  (-1.34%) is trading firmly above $2k, while BTC -0.29%  (+1.51%) is holding the $37k level. Ethereum-adjacent tokens are seeing renewed interest from investors amid...

Equities and crypto are finally seeing some relief, with the Nasdaq and S&P bouncing ~1% while BTC -0.29%  has gained 3.4% to trade at $27.1k. Investors continue to look for signs of a soft landing, with a fresh release of 2Q GDP matching consensus estimates of 2.1% annualized growth. Meanwhile, pending home sales fell 7.1% in August, massively overshooting 1% estimates from Bloomberg. The slowdown was widespread, with every region in...

At the time of writing, crypto markets have continued to lag behind other asset classes today - with BTC -0.29%  and ETH -0.58%  down 0.34% and 0.17%, respectively. Traditional markets continue to move higher, with SPX up 0.18% and NDQ up 0.08%. Gold has also risen 0.10%. The majority of altcoins continue to underperform Bitcoin and Ethereum. OP 3.69%  is down 1.44%, SOL -5.12%  is down 0.95%, and LINK -4.63%  is down 1.83%. Chainlink's price...

Crypto markets are up slightly on the day, BTC -0.29%  has risen 0.54%, and ETH -0.58%  has risen 0.15%. Interestingly, the ETH Dominance metric, a metric that measures Etheruem's market cap compared to the rest of the crypto market, has reached its highest levels since the Merge last year and at the peak of the 2021 bull market, indicating that Ethereum is extremely relatively strong to the rest of the market. Altcoins...

Markets saw a retracement as retail sales data for April came in lower than expected, triggering fears of weak earnings from retailers. SPX and NDAQ slid 0.3% and 0.6% lower than yesterday's close, while the QQQ continued its ascent from nearly two weeks ago, up 0.5%. Digital asset markets saw a similar decline, with BTC -0.29%  dipping below $27k for the second time in the past month, and ETH -0.58%  trading at...

Bitcoin (BTC -0.29% ) and the broader crypto market are staging a recovery after a week of bearish price action, with altcoins facing particularly excessive pressure. Bitcoin has successfully bounced off its key 200-week moving average around $25,800 and is now hovering around $27,400. Ethereum (ETH -0.58% ), meanwhile, remains stable above the $1,820 level. Notable standout performers include altcoin LDO, up 12% on the day, potentially driven by improved withdrawal capabilities and short...

Stocks and crypto continue to slide as BTC -0.29%  fell 2.0% while the S&P dropped 0.52%. The S&P is on track to close its second negative week after the University of Michigan’s consumer sentiment index estimate came in at a 6-month low of 57.7 vs. 63 expected. The survey also showed consumer outlook for inflation over the next 5 years has reached the highest level since 2008, with 3.2% inflation expected....

Prices slid lower this morning ahead of the Fed's FOMC meeting at 2 pm ET before bouncing back after the Fed's interest rate decision of 25bps was released. Bitcoin and Ethereum are up 0.23% and 0.82%, respectively, while most altcoins are down. ARB -3.87%  is down 1.69%, SOL -5.12%  is down 2.13%, and LDO is down 3.72%. An exception to this is Bitcoin layer 2 blockchain, STX 12.60% , which is up 5.28% as...