Aave

Fenbushi Capital, a blockchain-centric venture capital (VC), appears to be cashing out after moving four tokens, including Aave (AAVE) and Compound (COMP), to Binance. The VC is moving these tokens to the exchange, possibly to sell and lock in their profits or cut losses when market participants expect prices to tick higher. Fenbushi Capital Cashing Out? Sends AAVE, UNI, SNT, and COMP Tokens To Binance After the series of lower lows after crypto prices peaked, mainly in Q1 2024, the…

AAVE rose 20% Wednesday to $170, a level not seen since May 2022. An asset in accumulation for more than two years is attracting traders and analysts who feel it has additional upside potential. AAVE’s strong recovery since July 2024 impressed traders despite market consolidation and low volatility. Within months, the asset rose 125% from $72 to $170. End Of Accumulation Phase For AAVE? According to the founder of DefianceCapital, Arthur, it means that the crypto has reached its end…

LlamaRisk, Aave’s risk service provider, has proposed reducing the loan-to-value (LTV) ratio of BitGo’s Wrapped Bitcoin (WBTC) to zero on the DeFi lending platform. However, the Aave community, including Marc Zeller, founder of the Aave Chan Initiative (ACI), is opposed to this move. Aave Community Debates WBTC Proposal The proposal highlights concerns stemming from BitGo’s custodial transition for WBTC. In August, BitGo announced its plan to transfer control of WBTC to a joint venture with BIT Global, a partnership that…

The post Vitalik Buterin Stakes $2.24M in ETH and 2.27M USDC on Aave! appeared first on Coinpedia Fintech News Ethereum co-founder Vitalik Buterin has made a significant move by staking 950 ETH worth $2.24 million with 2.277 million USDC over AAVE. The move comes after a streak of wallets linked to Buterin offloading ETH in the market. As a sudden shift in mentality, the transaction attracts bullish attention in the market.

With the major cryptocurrencies regaining lost ground against the bears, the market has returned to the $2 trillion market cap level. This led to huge gains in the altcoin market as the tokens rode the bullish wave. AAVE is one of the largest gainers this week with a whopping 20% uptick.  This is largely due to the return of bullish sentiment in the market and positive on-chain development which drove speculation for the token. With the upcoming release of the…

The post AAVE Price Hits 28-Month High, Aims To Achieve $200 This September? appeared first on Coinpedia Fintech News Amid a strong bullish reversal in the cryptocurrency market, the Aave price has recorded a significant jump in its valuation this week. Moreover, this altcoin has successfully reclaimed the $150 mark today for the first time since 05th May 2022. Following this, investors are curious about this altcoin’s possibility of achieving the $200 mark this year. Are you one of many…

Uniswap (UNI) has made waves in the cryptocurrency world after a recent settlement that has allowed the decentralized exchange to secure a spot among the top three altcoins. Joining Mpeppe (MPEPE) and Aave (AAVE), Uniswap (UNI)’s newfound momentum is capturing the attention of investors across the crypto sphere. Let’s dive into why these three altcoins are making headlines and why they should be on every investor’s radar. Uniswap (UNI)’s Recent Victory: A Game-Changer for Decentralized Exchanges Uniswap (UNI), a trailblazer…

The post ETH Whale Sells Big, Loses $17M To Repay Aave Debt! appeared first on Coinpedia Fintech News Following the crypto market crash on September 7th, a major whale made a tough decision to sell 28,554 ETH, worth $64.4M, to clear out outstanding debts. By clearing the debts on Aave, the whale incurred a loss of over $17 million. From December last year, the whale was actively buying Ethereum, accumulating 30.5K ETH at an average price of $2,850. The sell-off…

The cryptocurrency market never ceases to surprise, with significant shifts and trends emerging seemingly overnight. Recently, a massive sell-off of Aave (AAVE) tokens by a prominent whale caught the attention of the entire crypto community. This sudden move has sparked discussions and speculations about the future of Aave, especially as more investors turn their gaze towards the rising star, Mpeppe (MPEPE). As Mpeppe continues to gain momentum with its DeFi casino offerings, analysts are predicting a potential turbocharge in its…