Kraken is negotiating to acquire a 15% stake in Aave Group, valuing the DeFi protocol at $385 million. The deal involves Kraken investing 35,000 ETH (about $31 million) for AAVE tokens and equity, marking a strategic move to expand beyond its core exchange business. This investment aligns with Kraken's broader growth plans ahead of its expected IPO and follows its recent acquisition of Bitnomial. Aave remains a leading DeFi lending platform, and Standard Chartered forecasts its token could rise significantly by 2030 due to growing demand for decentralized lending and tokenized assets.
Kraken is negotiating to acquire a 15% stake in decentralized finance lender Aave, valuing the company at $385 million. This move follows Aave's recovery from a major exploit in April that caused billions in withdrawals despite no direct hack on Aave...
AAVE surged over 15% breaking a multi-week resistance level, driven by growing activity on its DeFi protocol. The platform generated over 50% of all decentralized lending fees in the past month, with network fees hitting $40.69 million. USDT deposits...
Aave (AAVE) has surged 17% from its recent low, reaching around $82 and testing a nine-month descending trendline resistance near $85-$88. This rebound was driven by renewed buying, short-covering, and increased stablecoin inflows, signaling growing ...
Aave's AAVE token jumped about 15% to around $80 following Standard Chartered's initiation of coverage with a $3,500 price target for 2030, implying a 50-fold increase from current levels. The bank's analyst believes Aave will regain dominance in dec...
LAB surged 18.54% to $16.53, driven by renewed interest following protocol updates, pushing its market cap to $5.20 billion. Other notable gainers include Aave (up 11.35%) and Morpho (up 6.16%), reflecting ongoing enthusiasm in decentralized finance....
