Criptor

The Aave DAO has approved a proposal to make its AAVE buyback program permanent, allocating $50 million per year from protocol revenue to repurchase tokens.The proposal, authored by the Aave Chan Initiative (ACI) and revealed on Oct. 22, 2025, was passed with 100% “Yae” votes. The plan is part of Aave’s long-term “Aavenomics” to increase the value of the AAVE token and strengthen the project’s treasury. It also continues Aave’s previous buyback program indefinitely. Aave is currently the largest...

The Defiant

23 hours ago

October marked the prediction market sector’s best month yet, with leading platforms Kalshi and Polymarket processing a cumulative $7.4 billion in volume, well above their previous record in November 2024, when they processed a total of $4 billion driven by the U.S. Presidential election.While election markets —primarily the NYC Mayoral Election —are still generating hundreds of millions in volume, other niches, such as sports betting, are boosting volume metrics further. In October, Kalshi proc...

The Defiant

1 day ago

Veteran decentralized exchange (DEX) Balancer v2 suffered a major hack on Monday, losing over $128 million and raising questions about whether users can trust even long-established, audited decentralized finance (DeFi) platforms.On-chain data showed roughly $128 million in digital assets sent to the hacker’s wallet across multiple blockchains, including 6,587 WETH (~$24.5 million), 6,851 osETH (~$26.9 million), and 4,260 wstETH (~$19.3 million), according to PeckShield. This marks Balancer’s lar...

The Defiant

1 day ago

Ethena Labs’ synthetic dollar-pegged token Ethena USDe (USDE) has lost over $5 billion of its market capitalization since the Oct. 10 market crash, after the asset experienced a major stress test. Before the “Black Friday” flash crash — which wiped out over $19 billion in leveraged positions across the market, becoming the largest liquidation event in crypto to date — USDE’s market cap stood above $14.6 billion.Ethen USDe's market cap fell sharply by about $2 billion on Oct. 10-11 as investors r...

The Defiant

1 day ago

Crypto markets kicked off November on a down note. Bitcoin dipped below $108,000 again today, Nov. 3, and most top altcoins are taking a hit, while crypto ETF flows slow and the broader economy feels the squeeze.Bitcoin (BTC) fell below $108,000 during Monday’s session, trading around $107,800 at press time, down roughly 2% on the day. All the top 10 cryptocurrencies by market capitalization, including Ethereum (ETH) and others are down in the red, losing between 1% and 6%....

The Defiant

1 day ago

T3, a financial crime-fighting unit (FCU) founded by stablecoin issuer Tether, Tron, and TRM Labs, announced that it has frozen more than $300 million USD in illegally sourced onchain assets since its launch in September 2024.The group surpassed the landmark this month after working with the Brazilian Federal Police on Operation Lusocoin to freeze and seize 4.3 million USDT linked to a money laundering scheme.While the FCU has worked closely with global authorities, illicit funds have still mana...

The Defiant

3 days ago

Maple Finance, a decentralized finance lending protocol operating on Solana and Ethereum, is set to sunset SYRUP staking rewards just under a year after the token’s launch. Staked SYRUP (stSYRUP) voted in favor of the move, first proposed in a Maple Improvement Proposal (MIP) on Oct. 24.Voting on MIP-019, which began on Oct. 27, closed on Oct. 31, with over 99% of participating voting power in favor of the move. A total of 26 wallets participated in the vote, with 30% of voting power coming from...

The Defiant

4 days ago