st level since August. The 10.24% weekly surge was largely fueled by Ethereum price gains, although the lukewarm launch of Ethereum Futures ETFs has pulled down Lido's TVL. Lido Finance, an Ethereum staking player, witnessed a surge in its TVL to $15.37 billion between September 25 and October 2, or a 10.24% increase, according to data published Monday by the protocol in its official X account. Lido notes that the major factor that led to this surge was a 9.52% rise in Ethereum .
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.The US SEC has asked the judge to deny a motion by Coinbase Global to dismiss the regulator's lawsuit. According to the SEC, Coinbase’s reliance on the recent court ruling on Ripple and Terraform Labs is wrong.