According to Odaily Planet Daily, Lido reported total revenue of $40.5 million last year, a 23% decrease year-over-year, compared to $52.4 million the previous year. Gross revenue declined by 18.2%, attributed to net staking outflows due to user withdrawals and a drop in staking yields. Lido noted structural changes in Ethereum staking in 2025, including network APR compression, a shift of funds from Simple LST to exchanges and institutional staking, and increased competition shrinking its leading market share. The protocol stated its market share is shrinking, with Simple LST's share of total staking continuing to decline. Lido stated it is evaluating an LDO buyback program, potentially launching in the second quarter of this year, intending to use protocol-generated staking rewards to purchase LDO on the open market and invest it in the LDO and wstETH liquidity positions held by the DAO. The protocol laid off 15% of its staff last August to ensure long-term sustainability. Lido stated its 2025 goal is to expand beyond its core staking products to offer new services to institutional investors and users seeking higher returns. WisdomTree, which disclosed assets under management of $140 billion, launched an Ethereum-based ETP in Europe and offers staking rewards through the decentralized Lido protocol. (The Block)

Huoxun Finance reports that Lombard and Bitwise Asset Management announced a collaboration at the Digital Asset Summit in New York, launching a solution for institutions that allows them to earn yields and access lending services by staking BTC without removing it from custody. The solution aims to cover the scale of BTC assets held in institutional custody. Bitwise will develop yield strategies combining DeFi lending with tokenized real-world assets, while the decentralized lending protocol Morpho will provide infrastructure support for BTC-collateralized lending. The solution utilizes Bitcoin's native tools such as partially signed transactions and time locks to verify collateral, enabling on-chain representation of positions without transferring or re-staking the underlying BTC assets. Phillips points out that Bitcoin Smart Accounts can simultaneously reduce custody risk, cross-chain bridge risk, and counterparty risk. The solution targets high-net-worth individuals, asset management institutions, and corporate treasuries, and is planned for official launch in the second quarter of 2026, with plans to add more custodians and protocols to expand service coverage. According to relevant data, Lombard estimates that approximately $500 billion worth of BTC is under institutional custody; according to DefiLlama data, the total value locked in BTC in the DeFi field is approximately $2.93 billion, with a market value of approximately $1.4 trillion; as of press time, the total value locked in Babylon Protocol is approximately $2.8 billion, and the value locked in Lombard-related BTC is approximately $744 million.

Odaily Planet Daily reports that Lombard and Bitwise Asset Management announced a collaboration at the Digital Asset Summit in New York, offering institutions a solution for earning yield and collateralized BTC lending without removing assets from custody, targeting the scale of BTC assets held by institutions. Bitwise will develop yield strategies combining DeFi lending with tokenized real-world assets, while the decentralized lending protocol Morpho will provide the infrastructure for BTC-collateralized lending. The platform uses Bitcoin-native tools such as partially signed transactions and time locks to verify collateral, allowing positions to be represented on-chain without transferring or re-collateralizing the underlying assets. Phillips stated that Bitcoin Smart Accounts can simultaneously reduce custody, cross-chain bridge, and counterparty risks. The solution targets high-net-worth individuals, asset management institutions, and corporate treasuries, and is planned for launch in the second quarter of 2026, with plans to add more custodians and protocols to expand coverage. Lombard estimates that approximately $500 billion worth of BTC is held in institutional custody; DefiLlama data shows that the total value locked in BTC in DeFi is approximately $2.93 billion, with a market capitalization of approximately $1.4 trillion; as of press time, Babylon Protocol's total value locked is approximately $2.8 billion, and Lombard's is approximately $744 million. (Cointelegraph)

According to Huoxun Finance, if ETH breaks through $2,222, the cumulative short liquidation intensity on major CEXs will reach $1.303 billion; if it falls below $2,021, the cumulative long liquidation intensity on major CEXs will reach $608 million.

According to Huoxun Finance, if BTC breaks through $72,782, the total short position liquidation on major centralized exchanges will reach $1.904 billion; if it falls below $66,182, the total long position liquidation will be $835 million.