According to IntoTheBlock, Lido, the leader in Ethereum liquid staking, now holds an impressive 64% of the total value locked (TVL) in liquid staking tokens (LST). This dominance highlights how established protocols are further consolidating their positions even in challenging market conditions.

According to @iampaulgrewal, the Senate has voted to repeal the IRS DeFi Reporting Rule, with 17 Democrats joining all Republicans in support. This decision may influence DeFi market activities by reducing regulatory burdens, potentially encouraging increased trading and market participation. The vote reflects a bipartisan effort to address industry concerns about regulatory clarity and overreach, which could impact future legislative approaches to cryptocurrency regulations.