# The Bull Case for Lido

*Author: Bankless*
*Published: Jul 1, 2024*
*Source: https://www.bankless.com/fr/the-bull-case-for-lido-2*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/Group-639--1--1.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=the-bull-case-for-lido&email=true)

  

The Bull Case for Lido
    
  

  
  Published on July 1, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Circle Gets EU License

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/Group-15--62-.png)](https://www.bankless.com/dashboard)- 💶 **Circle Gets MiCA Stablecoin Issuer License.** They will issue the USDC and EURC stablecoins in full compliance with Europe’s new regulatory framework.
[*Read more on Bankless.com*](https://www.bankless.com/circle-mica-license)
- 💻 **Sony Plans to Resurrect Purchased Crypto Exchange. **The Japanese tech giant bought Whalefin from Amber Group last year.
[*Read more on Bankless.com*](https://www.bankless.com/sony-plans-to-resurrect-purchased-crypto-exchange)
- 👮 **U.S. Marshals Tap Coinbase for Crypto Custody Needs.** The U.S. is relying on Coinbase an awful lot despite SEC aggression against it.
[*Read more on Bankless.com*](https://www.bankless.com/usms-coinbase-partnership)

.  .  .

 
  
    

    MARKET VIBES

  
  

   Green July Ahead?
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Traders are desperately hoping for a green July after a dark red June for the crypto market. Bitcoin started things off well enough, climbing further out of last week's sub-$60K hole.

Prices as of 7pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.32T
       

  
    
    ↗1.5%
    
  

   
    
    ↗4.5%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $62,881
       

  
    
    ↗1.2%
    
  

   
    
    ↗4.6%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,426
       

  
    
    ↗0.6%
    
  

   
    
    ↗2.9%
    
  
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/13502.png)
    

  **WLD**
   
          $2.32

       

  
    
    ↘4.0%
    
  

   
    
    ↘19.8%
    
  

  

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🔒**New Token Rating:** Worldcoin’s valuation cracked $100B in early March but has plunged 80% since! Is **WLD** an undervalued AI opportunity?[Unlock WLD in Token Hub](https://www.bankless.com/tools/token-hub/worldcoin)

.  .  .

 
  
    

ANALYSIS

  
  
    
   
The Bull Case for Lido
  
  
   
     
     Bankless Author: 
     
       [
       
       Jack Inabinet](https://x.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/image---2024-07-01T181023.472.png)](https://www.bankless.com/the-bull-case-for-lido)The rise of restaking caused crypto investors to dump Ethereum staking heavyweight Lido Finance in the first half of 2024, sending LDO sliding into multi-year lows against ETH.

**In the past few weeks, LDO investors were re-invigorated by the protocol's potential to upset the EigenLayer ascendancy**. However, on Friday, LDO holders were dealt a massive blow after the SEC designated its liquid staking token as an unregistered crypto asset security in a lawsuit filed against MetaMask creator Consensys.

*LDO may have sharply underperformed ETH on a year-to-date basis, but today, we’re discussing why the fundamental bull case for LDO has never been stronger.* 👇

[Read the Free Analysis](https://www.bankless.com/the-bull-case-for-lido)
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