Aave has filed an urgent motion in New York to overturn a restraining order freezing about $73 million in Ether recovered after a major April 18 hack on the Kelp DAO platform. The freeze was requested by Gerstein Harrow LLP, representing clients with judgments against North Korea, alleging the stolen funds are linked to North Korean hackers. Aave argues the assets belong to the victims, not the alleged criminals, and warns the freeze threatens the broader DeFi recovery effort, which has gathered over $327 million for restitution. The court has yet to decide, and Aave demands a $300 million bond if the freeze continues.
Cronos (CRO) surged 7.43% to $0.0597, leading gains among altcoins due to strategic partnerships and ecosystem growth. Other notable gainers included Beldex, Stable, Mantle, and Polkadot, each rising between 2% and 6%. Conversely, Lighter fell 10.43%...
Stable blockchain posted the highest 30-day TVL growth at 19.7%, though its DeFi TVL remains modest at $33M with much capital bridged but not deployed. Monad's TVL surged to $621M, driven by Aave V3 launching on July 2, 2026, attracting over $100M in...
Aave has deployed its latest V4 lending protocol on the Avalanche blockchain, marking the first time this version runs outside Ethereum. This launch extends Aave's new Hub and Spoke architecture to Avalanche, where older V3 markets already exist. Whi...
Aave has deployed its V4 lending platform on the Avalanche blockchain, marking its first expansion beyond Ethereum. This upgrade introduces a Hub & Spoke framework allowing decentralized liquidity sharing with independent risk management, aimed at su...
Aave DAO has proposed an innovative mobile app that integrates fiat currency deposits, self-custody, and decentralized finance (DeFi) lending in one platform. This app allows users to convert fiat to stablecoins and earn yields without needing extern...
