#secondlargest

Latham & Watkins, Fujian Zenith Law Firm and DeHeng Law Offices are among 14 firms assisting parties involved in Zijin Gold International’s trading debut on the HKEX, raising HKD25 billion (USD3.21 billion). It became the world’s second-largest IPO of the year yet, following CATL’s listing in June. Zijin Mining, the issuer’s parent company, said this was the biggest IPO to date in the global…

[News] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s recorded holdings of Treasuries have fallen below those of the UK for the first time since the start of the century, underlining an ongoing shift in Beijing’s management of its foreign reserves. The value of China’s Treasury holdings as recorded by US banks…

Unlock the Editor’s Digest at no cost Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. China’s recorded holdings of Treasuries have fallen under these of the UK for the primary time for the reason that begin of the century, underlining an ongoing shift in Beijing’s administration of its international reserves. The worth of China’s Treasury holdings as…

“🇺🇦 Ukraine’s message is clear: the world must stop buying Russian fossil fuels that finance everyday massacres in Ukraine and sabotage energy security worldwide.” ~ @razomwestand 🇺🇦💙💛🇺🇦

#Repost @razomwestand via @b4ukraine with @use.repost_ . . . Razom We Stand welcomes the decision of President Zelenskyi to sanction Russia’s second-largest gas producer, #Novatek, and 18 of its subsidiaries.

This landmark decision targets the heart of Russia’s #LNG export expansion strategy. Novatek enables Putin’s war crimes and his lust for global energy dominance through its LNG sales, much of which still flows to the European market. Now the EU and US must act, and follow Ukraine’s example by enacting similar strengthened sanctions.

🇺🇦 Ukraine’s message is clear: the world must stop buying Russian fossil fuels that finance everyday massacres in Ukraine and sabotage energy security worldwide.

Liquid staking TVL now second-largest among DeFi protocols

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The total value of assets locked (TVL) in liquid staking derivatives (LSD) protocols rose to $14.09 billion — making it the second-largest DeFi category, according to Defillama data.

The DeFi category usurped lending protocols with a TVL of $13.68 billion and sat behind only decentralized exchanges (DEX) whose TVL is at $19.33 billion, according to DeFillama data.

Liquid staking protocols allow users to earn staking rewards while providing them liquidity for other crypto-based activities. Examples of this protocol include Lido, Frax Ether, Rocket Pool, etc.

With Ethereum’s Shanghai upgrade expected to allow stakers to withdraw their staked ETH, liquid staking protocols have enjoyed renewed interest from community members.

Besides that, recent US regulatory actions against centralized staking service providers have given these protocols an edge against their centralized rivals.

DeFillama data shows that over 7 million ETH tokens have been staked via these platforms, with Lido dominating 75% of the space. Other DeFi protocols like Rocket Pool and Frax Ether have recorded notable growth over the past month.

Meanwhile, the interest in these protocols has positively affected their governance tokens. Lido’s LDO rose over 200% in the current year, beating the price performance of flagship digital assets like Bitcoin (BTC) and Ethereum (ETH), according to CryptoSlate’s data.

Journalist at CryptoSlate

Oluwapelumi is a believer in the transformative power Bitcoin and the blockchain industry holds.

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