European Stocks Rally on Chinese Growth and Mining Merger Speculation 
FxWirePro- Major Crypto levels and bias summary 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Stock Futures Dip as Investors Await Key Payrolls Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Lido DAO- Liquid staking protocol
The Lido DAO is a Decentralized Autonomous Organization that decides on the key parameters of liquid staking protocols through the voting power of governance token (LDO) tokens. It allows users to earn staking rewards without locking assets.
DAO -
It is the logical compromise between fully centralized and decentralized, which allows the deployment of competitive products without full centralization and custody of the exchange. It works based on a smart Contract without human intervention.
Main features of Lido DAO-
- Node operators management- Select New node operators and penalize existing ones slashed by chain rules
- Governing key parameters of the liquid staking protocol.
- Payments to full-time contributors and other operational duties.
Lido DAO Liquid staking protocol involves three process
Staking- Stake any amount of your token to access daily staking rewards
Minting- Receive stETH based on the amount of ether deposited into protocol combined with staking rewards, minus penalties at a 1:1 ratio.
Yield using sETH- Use your strokes across DeFi to compound more to your daily staked rewards.
sETH- is a rebaseable ERC-20 token that represents ether staked with Lido. Seth tokens are minted upon ether deposit at a 1:1 ratio. Maker and Curve DAO allows to use of sETH.
WrappedETH(wstETH)- Wrapping stETH creates a DeFi-compatible version of the stETH token which allows for easier integrations with DeFi protocols including Uniswap and MakerDao.
It works in various other blockchains such as Ethereum, Solana,Polygon, Polkadot
LDUSD prices jumped more than 50% from Dec's low of $1.98. It hit a high of $3 at the time of writing and is currently trading around $2.65. The pair is holding above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).
The near-term resistance is around $3, any indicative breach above will take the pair to $3.40/$4. On the lower side, immediate support is $2.30, and any violation below targets $1.98/$1.40.
Indicators ( Daily chart)
CCI(50)- Bullish
Directional movement index - Bullish
It is good to buy on dips around $2 with SL around $1.40 for TP of $3.40
