Bitcoin Collateral Vote: Aave DAO Decides
Babylon Labs proposed Aave DAO accept native BTC as collateral via Trustless Bitcoin Vaults on Aave V4, potentially boosting $5B WBTC demand. #Update #DeFi $BTC
Defi
Wintermute Launches $10B DeFi Lending Network
Wintermute launches Armitage on Morpho with two USDC vaults, enhancing DeFi lending with institutional risk management and liquidity. Plans include cross-chain expansion. #Update #DeFi
DeFi Faces Risks Amid Clarity Act Deal
The crypto market structure bill is facing concerns as last-minute negotiations aim to secure bipartisan support, potentially impacting decentralized finance (DeFi) regulations. #Update #Crypto
Ripple Expands X Money With Banking Ally
Ripple’s early banking partner Cross River Bank is now part of Elon Musk’s X Money, linking Ripple’s infrastructure to a global financial super app. #Update #Fintech $XRP
Ethereum Markets Normalize as Aave Recovers WETH
Aave has temporarily frozen WETH, rsETH, and wrsETH reserves as a precaution following the Kelp DAO exploit. Normal operations for WETH markets are resuming amid recovery efforts. #Update #Crypto $AAVE
Bitcoin Glitches Spark AAVE Dump Chaos
@Coinbase boosts $HYPE 17% to $46.93 as Hyperliquid grants USDH treasury rights; Multicoin Capital dumps AAVE after a 55% drawdown, now $40M underwater. #Update #Crypto $AAVE
DeFi Faces $293 Million KelpDAO Hack Crisis
The $293 million KelpDAO hack highlights the growing complexity in DeFi, signaling a shift from merely addressing coding bugs to tackling broader security challenges. #Breaking #Crypto $ETH
AAVE Plummets Multicoin Capital Moves $40M
Multicoin Capital moved 286,057 $AAVE ($26M) to Coinbase Prime on May 16 after a $40M loss, indicating a potential OTC exit. #Update #Crypto $AAVE
DeFi Breaches Surge 200% Amid AI Threats
AI is aiding hackers in exploiting DeFi vulnerabilities, with April losses exceeding $690 million across protocols. Analysts report a shift towards infrastructure attacks as smart contract audits improve. #Breaking #Crypto $BTC (-8) ↘
Celsius Exec Sentenced After Guilty Plea
Roni Cohen-Pavon, former chief revenue officer of @CelsiusNetwork, sentenced to time served and one year supervised release for fraud; Alex Mashinsky already serving 12 years. #Update #Legal $CEL
Ethereum Hearing Delayed for Aave’s $71M Bid
A New York judge has postponed a decision on @Aave’s attempt to unfreeze $71 million in ETH linked to the Kelp DAO hack, requesting further information before a June hearing. #Update #Legal $ETH
SEC Targets DeFi with New Amendments
Senators propose amendments to the Clarity Act targeting stablecoin rewards, Trump family crypto ventures, and DeFi regulation ahead of a key Senate vote. #Update #Crypto
DeFi App Legend Shuts Down Amid Market Turmoil
@Legend has announced it will wind down after two years, citing insufficient growth for sustainability. This follows over 20 DeFi protocols shutting down in 2023 amid a challenging market. #Update #DeFi
Ethereum Surges Despite DeFi Hacks Toward $2.6K
Ethereum’s price struggles to maintain bullish momentum near $2,380 amid DeFi hacks and rising inflation; ETH derivatives metrics show pro traders remain steady. $ETH #Update #Crypto