News

BlockBeats news, on July 1, according to market sources, Federal Reserve Chairman Walsh has appointed former Bank of England Governor Mervyn King to jointly lead the Federal Reserve's new communications task force.

On July 1, the S&P 500 Index turned positive after previously dropping over 0.6%.

Foresight News reported that the Lido community has released the 0x02 CSM proposal, which aims to introduce a permissionless community staking module in the Lido protocol. This would allow node operators to run validators using 0x02 withdrawal credentials, with a single validator's maximum effective balance reaching up to 2,048 ETH. If approved, 0x02 CSM will run in parallel with the existing 0x01 CSM, the latter continuing to serve smaller operators as well as types such as ICS and IDVTC, while 0x02 CSM will target independent operators with greater capital. The proposal parameters include an initial validator key security deposit of 32 ETH, subsequent keys at 30 ETH, a rewards split between node operators and the DAO set at 2% / 8%, and a capital multiplier up to about 2.26 times. The combined maximum staking share cap for 0x01 CSM and 0x02 CSM is proposed at 20%, with relevant operational and emergency permissions to be managed by the CSM Committee.