Revolut moved over $6.44 million worth of AAVE from cold wallets to Coinbase in one day, raising concerns about increased supply hitting exchanges. Despite this, AAVE's price structure remained stable as traders debated if the move was profit-taking or routine management. Derivatives data showed continued bullish sentiment with positive funding rates, indicating leveraged traders expect higher prices. AAVE traded near $98, defending its rising trendline and challenging the $100 resistance level, with potential to reach $120 if it breaks above $100. A rejection at $100 could shift focus back to $90 support, crucial for the uptrend's validation.
Aave's V4 protocol on Ethereum now distributes USDe rewards within the Ethena ecosystem, enhancing incentives for DeFi users to engage with the synthetic dollar system. This integration supports leveraged yield strategies called "Aavethena," where us...
Pendle became the second-largest DeFi protocol on OKX's XLayer in less than 30 days, reaching $37.5 million in total value locked (TVL). This rapid growth was driven mainly by a single USDG stablecoin market and integration with Aave V3, which allowe...
Jupiter (JUP) surged 18.86% to $0.2670, leading crypto market gains due to growing interest in its blockchain solutions focused on data privacy and security. Other notable gainers included Zcash, Bittensor, NEAR Protocol, and Polkadot, while Pons and...
Kalshi, a CFTC-regulated platform, introduced perpetual futures contracts for BNB on September 4, allowing eligible US investors to trade BNB as a regulated derivative. This addition is part of a broader expansion including altcoins like Cardano and ...
When Bitcoin collateral is liquidated in DeFi lending, the protocol sells or transfers BTC-linked tokens like WBTC, tBTC, or sBTC to repay borrower debt. This process reduces both debt and collateral but may not fully cover the loan, potentially leav...
