AAVE's price slipped toward a crucial support level after Multicoin Capital moved 150,000 tokens amid over $40 million in unrealized losses, raising concerns about institutional selling. Despite repeated attempts to stabilize near $87.60, AAVE remains trapped in a range between $87.60 and $131.18, with resistance limiting recovery. Derivatives traders reduced exposure significantly, signaling weakening confidence and cautious positioning. If buyers strengthen near support, AAVE could attempt another rise toward resistance, but market uncertainty persists due to large institutional transfers and subdued trading activity.
Multicoin Capital bought 338,005 AAVE tokens at an average price of $218 each through Galaxy Digital's OTC desk, investing about $73.7 million. AAVE's price has since dropped roughly 55% to around $97, leaving Multicoin with an unrealized loss exceed...
Cryptocurrency markets display mixed price changes, with Bitcoin trading slightly down at around $79,726 and Ethereum also dipping near $2,260. Some altcoins like Dogecoin and QNT show significant gains, rising over 3% and 7% respectively, while othe...
A New York federal judge postponed ruling on Aave's request to release $71 million in frozen Ethereum tied to the Kelp DAO exploit, citing insufficient explanation on potential user losses. The court ordered both Aave and Gerstein Harrow LLP to submi...
After a hack on April 18, Kelp DAO and Aave have made significant progress in recovery by burning 17,132 stolen rsETH tokens on Arbitrum. This action restores full backing of rsETH and allows withdrawals to resume within 24 hours. Both protocols have...
The draft of the US Clarity Act could be a turning point for decentralized finance (DeFi) regulation by providing legal protections for developers of non-custodial protocols. Aave CEO Stani Kulechov highlighted that the bill would reduce regulatory u...
