Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, Lido launched an upgrade that could reduce Ethereum’s validator count by one-third. The Hong Kong Monetary Authority (HKMA) aims to make Hong Kong’s banking sector fully prepared for quantum-related security risks by 2030 and Circle is acquiring IBM’s blockchain patent portfolio, adding nearly 1,000 patents to become the largest holder of blockchain patents in the US.

Lido, a liquid staking protocol that lets users earn Ethereum staking rewards through its stETH token, has launched an upgrade to its staking infrastructure that aims to improve validator efficiency and decentralization.

The upgrade introduces Curated Module v2, which adds support for Ethereum’s 0x02 withdrawal credentials. The change allows validators to increase their effective balance from 32 ETH to as many as 2,048 ETH, according to a Lido update on Monday.

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