Ethereum's liquid staking protocol Lido Finance has paused new bridging deposits after discovering a potential security vulnerability in the wstETH bridging contract on the ZKsync network. Currently, the vulnerability has not been exploited, and user assets are safe. Lido is working on a fix through decentralized governance, with a governance vote expected to take place in late March 2026. This incident has caused short-term pressure on the related tokens.

Arthur Hayes liquidated four DeFi tokens today, with a total loss of $3.48 million. He bought and sold LDO, ENA, PENDLE, and ETHFI at different prices, ultimately resulting in losses for each.

Foresight News reports that, according to Onchain Lens monitoring, Arthur Hayes transferred 3,597,100 ENA (approximately $499,300) and 327,900 PENDLE (approximately $501,600) to FalconX, and may transfer more funds. 8 hours ago, he transferred 2.31 million ENA to FalconX.

Gate News bot message, Arthur Hayes (@CryptoHayes) transferred 3,597,122 $ENA ($499.34K) and 327,869 $PENDLE ($501.64K) to CEX. Eight hours prior, he sent 2.31M $LDO valued at $980.3K to CEX.

Gate News bot message, Arthur Hayes(@CryptoHayes) deposited 2.31 million LDO tokens valued at $980,000 to a centralized exchange 40 minutes ago.

Renowned trader Arthur Hayes has once again attracted market attention due to his aggressive asset allocation adjustments. The latest on-chain data shows that Arthur Hayes sold approximately $5.53 million worth of Ethereum ETH and concentrated his purchases on DeFi tokens totaling about $4 million, clearly signaling his phased bullish stance on the decentralized finance DeFi sector. According to data disclosed by on-chain analysis firm Lookonchain on the X platform, Arthur Hayes has sold a total of 1,871 ETH over the past two weeks and reallocated the funds into various mainstream DeFi tokens. These include 961,113 PENDLE (approximately $1.75 million), 2 million LDO (about $1.29 million), 6.05 million ENA (around $1.24 million), and 491,401 ETHFI (approximately $34,300). This series of actions indicates that his investment focus is shifting from Ethereum to yield-generating and infrastructure-related DeFi assets.

Gate News bot message, Arthur Hayes(@CryptoHayes) purchased additional DeFi tokens. Over the past 2 weeks, he sold 1,871 $ETH($5.53M) and then bought: 961,113 $PENDLE($1.75M), 2.3M $LDO($1.29M), 6.05M $ENA($1.24M), and 491,401 $ETHFI($343K).

According to on-chain analyst monitoring, Arthur Hayes has been swapping ETH into DeFi tokens since December 20, and has withdrawn tokens worth $2.52 million from exchanges, with PENDLE accounting for 48.9%. Specifically, this includes 687,000 PENDLE, 1.85 million LDO, and 1.22 million ENA.

Gate News bot message, Arthur Hayes (@CryptoHayes) purchased 1.85 million LDO tokens from a centralized exchange, worth $1.03 million. Address: 0x6cd66dbdfe289ab83d7311b668ada83a12447e21.

Amid the overall weak sentiment in the crypto market and the generally flat performance of Layer-1 tokens, some projects that have achieved substantial growth in user scale, protocol revenue, and development investment are regaining funding attention. Lido DAO (LDO) is one of the representatives, and its recent trend shows a clear relative strength. On December 25, in a cautious market environment, LDO rose against the trend and became one of the top-performing cryptocurrencies of the day. This performance reflects that market funds are shifting away from short-term speculative rotations and gradually moving toward DeFi protocols with real economic value and sustainable business models. The development activity around Lido and its on-chain revenue performance also serve as important fundamental factors supporting its price performance.