Crypto protocols pledge 43K ETH to restore rsETH backing

Burns Brief

Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo have all made pledges to the “DeFi United” recovery effort Market sentiment is turning positive, with traders and analysts pointing to potential follow-through momentum in the coming sessions. Watch $ETH for reaction — a decisive move above or below key levels will confirm the next trend.