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Defi TVL Dips Below $40B Amidst Market Turbulence and Shrinking Confidence

[Aug 22, 2023 9:00 AM] After remaining above $40 billion for much of 2023, the total value locked in decentralized finance, or defi, fell below the threshold on August 17, reaching $37.9 billion by August 22. Additionally, from August 13, the top 100 DeFi tokens have…

Defi Market Rebounds: Value Locked Rises to Nearly $42 Billion, Token Market Swells

[Aug 13, 2023 12:30 PM] On the verge of dipping below the $40 billion mark on August 2, the overall value locked in decentralized finance (defi) has made a comeback, rising to over $41 billion. Additionally, the defi crypto sector has swelled to $45.08 billion, reflecting…

Aave DAO opens voting on proposals to reduce CRV exposure

[Aug 10, 2023 1:45 PM] Aave tokenholders are voting on three proposals that could reshape the protocol’s exposure to the Curve DAO token.

Aave Token Holders Voting on 2 Proposals Following Averted Curve Liquidation Crisis

[Aug 10, 2023 11:22 AM] The proposals, which aim to disable CRV borrowing and decrease Aave’s exposure to Curve’s native token on its Ethereum V2 markets, are responses to the liquidation pressure faced by Curved founder Michael Egorov.

Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines

[Aug 4, 2023 1:00 PM] In the wake of July’s unprecedented wave of decentralized finance (defi) breaches, including Curve Finance’s staggering $62 million exploit, the defi economy has plummeted into a gloomy state. Hovering perilously close to dipping…

Curve Impressively Adds 22% As Founder Sells CRV To Repay Aave Loan

[Aug 3, 2023 8:00 PM] CRV, the governance token of Curve, a decentralized exchange for stablecoins and a key player in the decentralized finance (DeFi) landscape, has impressively recovered, adding 22% after sinking to its August 2023 lows this week. When writing on…

Curve Founder Still Owes $80M Despite Raising Nearly $30M in Past Two Days

[Aug 3, 2023 1:57 PM] Michael Egorov is under liquidation pressure following the CRV’s recent price drop and Curve exploit.

GHO and FDUSD Stablecoins See Massive Supply Growth in Recent Debut

[Aug 3, 2023 7:30 AM] In a recent turn of events, the cryptocurrency world has been introduced to two stablecoins anchored to the U.S. dollar — Aave’s gho (GHO) and First Digital’s stablecoin FDUSD. These dollar-tied tokens have rapidly gained…

Aave Chan founder proposes buying $2M CRV from Curve founder

[Aug 3, 2023 7:12 AM] The proposal drew mixed reactions from the community where some criticized the strategy for buying more CRV even as others are looking to shed exposure.

Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash: Study

[Aug 2, 2023 3:00 PM] After the collapse of Terra, the digital assets sector needed a way to identify critical nodes in the global DeFi community.

Michael Egorov’s $100 Million Position, A Risk To Curve Finance And DeFi?

[Aug 1, 2023 4:30 PM] Following the recent exploit of Curve Finance pools, there have been genuine concerns about the stability of the decentralized exchange and the Decentralized Finance (DeFi) ecosystem. A new report has emerged, raising questions about Curve founder…

DeFi Died and We Didn’t Even Notice

[Aug 1, 2023 12:33 PM] The behavior of Curve founder Michael Egorov is warning to all, and proof that DeFi isn’t really that different from traditional finance.

Spooked by Curve Liquidation Threat, DeFi Protocols Shore Up Defenses

[Aug 1, 2023 10:05 AM] They're responding to the potential systemic risk posed by Michael Egorov's teetering financial position.

Bitcoin’s Plunge Below $29K Triggers $92 Million in Derivatives Liquidations; Crypto Markets Tremble

[Aug 1, 2023 10:00 AM] As bitcoin dipped below the $29K threshold and the overall crypto economy experienced a 1.4% decrease to $1.17 trillion, cryptocurrency derivatives markets underwent $92 million in liquidations, primarily in long positions. Cascading Effect…

Ethereum DeFi Coins Plunge As Curve Concerns Threaten Major Market Crash

[Aug 1, 2023 1:45 AM] The Ethereum DeFi space is currently experiencing a rough few hours. All major DeFi coins are posting deep red numbers in the last 24 hours: Compound (-18%), Aave (-10%), Curve (-10%), Frax (-6%), and Synthetix (-6%). The reason? Curve Finance, a…

Navigating the Wrapped Bitcoin Landscape: 86,000 WBTC Exit Circulation in One Year

[Jul 29, 2023 9:30 AM] Data reveals that since the start of the year, the count of circulating wrapped bitcoins (WBTC) has diminished, plunging by more than 22,000 WBTC. Notably, a year-long assessment reflects an even more significant contraction, with over 86,000 WBTC…

Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback

[Jul 26, 2023 12:00 PM] As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to…

Aave May Rally 20% Supported by Historical Levels, But Crucial Resistance Remains

[Jul 24, 2023 5:00 PM] Aave’s price surged to $88 just two weeks ago, but currently, the altcoin is experiencing a correction. Over the past 24 hours, Aave has dropped over 4%, and on the weekly chart, it has depreciated more than 7%. The technical outlook for Aave…

Decentralized Finance Sector Consolidates as $44B TVL Fails to Break $50B Barrier

[Jul 17, 2023 6:00 PM] As of July 17, 2023, the decentralized finance (defi) sector has been witnessing a great deal of consolidation with total value locked (TVL) figures standing at $44.19 billion. Throughout most of the year in 2023, except for a brief period of seven…

Aave Launches GHO Stablecoin on Ethereum Network

[Jul 17, 2023 1:30 PM] Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3)…

Chainlink's Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live

[Jul 17, 2023 10:00 AM] This is the launch of the standard that could connect all of the blockchains and all of the bank chains, Sergey Nazarov said in an interview with CoinDesk.

Bitcoin price support at $30K opens the door for gains from UNI, ARB, AAVE and MKR

[Jul 16, 2023 1:15 PM] BTC price is back in its range, potentially given opportunities for UNI, ARB, AAVE and MKR to move higher.

5 peer-to-peer (P2P) lending platforms for borrowers and lenders

[Jul 15, 2023 3:07 AM] Discover five platforms — Aave, Compound, MakerDAO, dYdX and Fulcrum — that are transforming lending and borrowing through decentralization.

Aave DAO to Vote on Gho Stablecoin Deployment on Ethereum

[Jul 11, 2023 5:13 AM] GHO has been in the works for over a year and was issued on a testnet earlier this year.

Celsius Starts Swapping Altcoins for Bitcoin, ETH; Chainlink, Aave, Others At Risk

[Jul 6, 2023 12:25 AM] Bankrupt crypto lender Celsius Network has begun the process of swapping altcoins for Bitcoin (BTC) and Ethereum (ETH). The recent court approval (June 30) granted the company permission to convert its altcoin holdings into the two leading digital…

AAVE Records 26% Weekly Gain, Looks To Break Key Resistance

[Jul 5, 2023 8:00 AM] AAVE, one of the most prominent DeFi tokens, has made a bright start to July. The coin is experiencing a price rally, jumping by more than 26% in the past week. Overall, the AAVE market seems to be enjoying much attention as shown by recent high…

Aave Holders Vote on Proposal for DeFi Protocol to Convert 1,600 Ether Into wstETH and rETH

[Jul 5, 2023 3:34 AM] Holders of Aave, the token that underpins its namesake's decentralized finance (DeFi) protocol, are taking part in a governance vote that will decide whether 1,600 ether (ETH) in the protocol's treasury will be converted to wrapped staked ether…

LTC, XMR, AAVE, and MKR turn bullish as Bitcoin stalls under $31K

[Jul 2, 2023 1:51 PM] Bitcoin’s narrow range trading may end soon and if an upside breakout happens. Meanwhile, LTC, XMR, AAVE and MKR are showing strength.

AAVE Up By 28% In 7 Days As DeFi Tokens Make A Comeback

[Jun 26, 2023 2:00 PM] AAVE, one of the most prominent DeFi tokens, is currently experiencing a market pump, gaining  28.33% in the last 7 days, according to CoinMarketCap data. Over the past week, most of the crypto market has seen a boost in prices following the…

Crypto Market Rises by $30B in 48 Hours — Bitcoin Cash Leads With 88% Weekly Gain

[Jun 25, 2023 8:30 AM] On Sunday, June 25, the cryptocurrency market experienced a modest increase in value, climbing from $1.21 trillion two days prior to its current value of $1.24 trillion. Bitcoin has surged 15% in the past week, while ethereum has risen over 10%…