Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. This is Margaux Nijkerk and Sam Kessler, CoinDesks Tech team.
In this issue:
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Also: Bitcoin DeFi Blossoms, Fusaka Planning Begins, and Telegram Cracks Down on Crypto Crime Marketplace

CoinDesk

The Protocol: Lido Avoids Major Hack

German law enforcement has seized tens of millions of dollars in digital assets from eXch, a controversial crypto exchange facing allegations that it laundered crypto stolen in the record-setting Byb… [+1590 chars]

German law enforcement has seized tens of millions of dollars in digital assets from eXch, a controversial crypto exchange facing allegations that it laundered crypto stolen in the record-setting Bybit exploit earlier this year. On April 30th, Germany’s Feder…

The Daily Hodl

German Police Seize $38,260,000 in Crypto From eXch Amid Allegations the Exchange Laundered Hacked ByBit Funds

Lido Finance, Ethereums largest liquid staking platform by locked value, has introduced a proposal that grants staked ether (stETH) holders direct voting power alongside existing DAO tokenholders.The… [+144 chars]

Lido Finance, Ethereum’s largest liquid staking platform by locked value, has introduced a proposal that grants staked ether (stETH) holders direct voting power alongside existing DAO tokenholders.
The upgrade, dubbed Lido Improvement Proposal (LIP) 28, outli…

Biztoc.com

Lido Proposes a Bold Governance Model to Give stETH Holders a Say in Protocol Decisions

Lido Finance, Ethereums largest liquid staking platform by locked value, has introduced a proposal that grants staked ether (stETH) holders direct voting power alongside existing DAO tokenholders.
T… [+3526 chars]

Proposal comes as ETH surges 30% on Pectra upgrade, boosting attention on Ethereum-native protocols.

Institutional funds currently hold about 3.3 million ether (ETH), or roughly 3% of the circulating supply, through exchange-traded funds (ETFs). With 27% of ETH already staked, these ETF holdings alo… [+2567 chars]

The rise of staking represents a critical point in Ethereum’s development, says SenseiNode’s Pablo Larguía.

Lido Staked Ether

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