Speculation over token distribution triggers volatility in Aave’s market The decentralized finance (DeFi) sector faced turbulence as Aave’s token price dropped by over 8%, following unverified claims regarding its association with World Liberty Financial (WLFI). The rumors suggested that Aave’s decentralized autonomous organization (DAO) might receive a significant allocation of WLFI tokens. According to reports, an October 2024 governance proposal outlined that Aave could be granted 7% of WLFI’s total token supply along with 20% of protocol revenues from its integration on Aave v3. However, the WLFI team later denied these claims, labeling them as “false information.” “The statement that…
Author: Blockto Team
BTC nears $116,000 after Powell hints at monetary easing during Jackson Hole speech Bitcoin (BTC) has grown to account for nearly 1.7% of global money, marking a significant milestone in its 16-year history as a decentralized asset. The data, compiled by River, compared Bitcoin’s $2.4 trillion market capitalization against a basket of $112.9 trillion in fiat currencies and $25.1 trillion in hard money assets like gold. Currently, Bitcoin’s market cap stands at approximately $2.29 trillion, slightly lowering its share to 1.66% of global money. Despite this, analysts view the achievement as a key indicator of Bitcoin’s growing role as a…
Legacy finance risk models clash with blockchain’s real-time settlement, says Caitlin Long Traditional finance institutions diving into crypto markets could face significant challenges during the next downturn, according to Custodia Bank CEO Caitlin Long. Speaking at the Wyoming Blockchain Symposium, Long warned that risk models used by major financial institutions are not designed for real-time blockchain settlement, which could create severe liquidity stress in a bear market. “Big Finance is here in a big way, and that seems to be driving this cycle. I suspect it will continue to drive this cycle,” Long told CNBC. Legacy Systems vs. Real-Time Crypto…
Social media hype over interest rate cuts hits 11-month high, raising concerns of over-optimism Crypto traders are closely watching the U.S. Federal Reserve ahead of its September meeting, but rising social media chatter could be a red flag for the market, according to analytics firm Santiment. Following Fed Chair Jerome Powell’s dovish remarks at the Jackson Hole symposium, optimism surged as he hinted that the first interest rate cut of 2025 could arrive in September. The news fueled a market rally and pushed sentiment back into the “greed” zone. However, Santiment warns that excessive bullish chatter around a single narrative…
Corporate Bitcoin holdings surge in 2025, but analysts warn of short-term optics play Corporate adoption of cryptocurrency in treasury management has accelerated sharply in 2025, but questions are emerging about the motives behind these moves. According to K33 Research, the number of public companies holding Bitcoin (BTC) nearly doubled in the first half of 2025. From December 2024 to June 2025, the figure rose from 70 firms to 134, collectively controlling 244,991 BTC. Analysts are comparing this trend to historical patterns of corporate gold adoption. “There are clear parallels, particularly around providing a means for investors to access an underlying…
Skepticism over institutional adoption grows as Bitcoin moves toward mainstream finance The Bitcoin community is grappling with rising concerns about the role of institutions in shaping the future of the cryptocurrency. While institutional interest has driven Bitcoin’s market cap past the $1 trillion mark, many long-time holders believe this shift challenges the core principles that built the network. According to Preston Pysh, co-founder of a Bitcoin-focused venture fund, a cultural divide is emerging between early adopters and large financial entities. Speaking on a recent podcast, Pysh highlighted that many Bitcoiners fear “institutional-like behaviors,” such as the rise of Bitcoin derivatives…
AAVE Breaks Key Levels with Strong Volume and Momentum The price of AAVE (AAVE/USDT) has delivered a sharp breakout, climbing to $357.48 after touching an intraday high of $385.99, supported by a significant surge in trading volume. This move comes after weeks of consolidation and a strong rebound from the $270 support zone, a level that has proven to be a reliable base for buyers. The chart highlights that AAVE successfully pushed through a major resistance zone near $340–$345, an area that previously capped upward momentum. The breakout was accompanied by a steep rise in volume, suggesting institutional interest or…
From niche innovation to financial infrastructure, stablecoins are set to redefine money movement The era of stablecoins is no longer on the horizon – it has already begun. Following the recent passage of the GENIUS Act, which established the first U.S. federal framework for stablecoins, the financial industry is witnessing what experts call a fundamental transformation in global payments. Industry leaders believe that stablecoins represent a platform shift similar to previous technological revolutions, such as the transition from mainframes to personal computing, and from on-premises servers to cloud infrastructure. “Stablecoins will serve as an open, programmable foundation for money movement…
NEAR/USDT shows strong rebound, but sellers remain active near $2.80 NEAR Protocol’s price has staged a sharp recovery, currently trading around $2.66, after finding strong demand near the $2.35 support zone. Over the past 24 hours, NEAR has surged nearly 29%, signaling renewed buying interest in the market. The 4-hour chart indicates that NEAR recently broke out of a descending structure, bouncing strongly from the demand zone between $2.30 and $2.40, which has historically acted as a significant support level. However, analysts warn that the $2.80 to $2.90 zone remains a major resistance, and failure to break above could lead…
Authorities uncover major cross-border scam converting digital assets into gold bars Thai authorities have arrested a 33-year-old South Korean man accused of laundering more than $50 million worth of cryptocurrency into gold, marking one of the country’s most significant digital asset crime cases in recent months. The suspect, identified as Han, was detained by the Technology Crime Suppression Division (TCSD) at Bangkok’s Suvarnabhumi Airport under a warrant issued earlier this year. He faces multiple charges, including fraud, computer crimes, money laundering, and involvement in a transnational criminal syndicate. The arrest is linked to a large-scale call center scam that began…
