11h ago
Aave TVL remains 43% lower after April 18 KelpDAO hack
Aave’s total value locked (TVL) remains down 43% since the April 18 KelpDAO hack, and is 67% below its 52-week high. Hackers deposited stolen rsETH into Aave and borrowed real ETH against it, leaving Aave and Compound with an estimated $246 million in combined bad debt. Aave’s TVL fell from $26.4 billion before the attack to $14.9 billion, tightening lending capacity and increasing volatility pressure. The AAVE token fell about 20% the day after the incident and now trades near $89, still below pre-hack levels.
AAVE
AAVE-0.97%
11h ago
17h ago
HIVE outlines AI expansion as $350 million GPU cloud deal lifts contracted revenue to $180 million
HIVE Digital Technologies used its fiscal first-quarter 2027 earnings call on Aug. 17 to emphasize it is expanding beyond Bitcoin mining into AI-focused computing. The company said it signed a five-year agreement with an unnamed investment-grade enterprise customer worth about $350 million, covering 2,016 Nvidia GB300 chips and adding about $70 million in annual recurring revenue. It said the deal brought contracted GPU cloud revenue to about $180 million, nearing its $200 million year-end target, while the segment accounted for roughly 10% of quarterly revenue versus 90% from Bitcoin mining.
BTC
BTC+0.02%
17h ago
20h ago
Polymarket prices CLARITY Act at about 20% Yes as a $414,895 No bet looms over $160,200 in liquidity
Polymarket data put the CLARITY Act market at about 20% Yes. An anonymous trader holds a No position worth about $414,895, roughly 2.6 times the $160,200 in displayed liquidity. The account deposited about $499,999 in USDC and spent roughly $398,122 across three trades to build 515,398 No shares, leaving about $101,877 unspent. With limited depth, a single large order could materially reprice the odds.
USDC
USDC+0.00%
20h ago
21h ago
Ethereum DeFi protocol OLY to open token mint Aug. 28 with time-weighted pricing and selling fees that fall from 10% to 4%
Ethereum-based DeFi protocol OLY is set to open its token mint on Aug. 28, structuring rewards around protocol revenue rather than ongoing token issuance. The system routes income to stakers, liquidity, ETH-based vaults and OLY buybacks and burns. Market sellers start with a dynamic 10% fee that is designed to step down to 4% as market capitalization rises, while limit orders carry a 2% fee and some liquidity exits are fee-free. Of ETH revenue, 34% is allocated to a staked ETH vault, 16% each to liquidity defense, a liquidity vault, direct staker payments and OLY buyback-and-burn, with the remaining 2% going to Genesis.
HYPE
HYPE-1.42%
21h ago
23h ago
Binance to halt transfers linked to HTX and 10 other platforms from Aug. 23 under EU sanctions
Binance has cut off funding transfer channels for HTX and 10 other platforms to comply with European Union sanctions. The restriction targets deposits and withdrawals rather than trading itself, meaning HTX’s order books can continue operating. HTX has disclosed 59.49 million registered accounts, but only about 420,000 spot-trading accounts were active over the past six months. The sanctions backdrop includes allegations that HTX provided financial services to A7 LLC, a Russian payment network sanctioned by the UK Treasury that officials say moved more than $90 billion last year and is linked to a sanctioned Moldovan politician and a Russian bank.
BNB
BNB-0.36%
23h ago