Aave is a decentralized finance protocol allowing users to lend and borrow cryptocurrencies. It's an open-source, non-custodial liquidity protocol where suppliers earn interest and borrowers access liquidity by providing collateral .
Ethereum Leads the Altcoin Rally—Latest Ethereum News Sparks Optimism
Driven by network upgrades, DeFi dominance, and institutional investment. Litecoin, PlutoChain, and SUI also gain traction.
Ethereum is leading the altcoin rally, driven by its recent network upgrades, growing role in decentralized finance (DeFi) and non-fungible tokens (NFTs), and increasing institutional interest. Its dominance in the altcoin market is underscored by its 60% gain over the past five weeks, testing the critical $4,000 resistance level ¹.
Ripple Secures NYDFS Approval for RLUSD Stablecoin, Aiming for $2 Trillion Market Cap by 2028
Ripple Labs’ RLUSD stablecoin has been approved by the New York Department of Financial Services (NYDFS), according to CEO Brad Garlinghouse. # XRP remains a speculative asset with both high risks and high rewards. Its long-term bullish potential, as indicated by technical analysis, may appeal to investors with a higher risk tolerance.
As a direct consequence of the martial law declaration, cryptocurrency prices on South Korean exchanges nosedived. Bitcoin dropped over 30% to $62,000 on Upbit, with other cryptocurrencies like XRP witnessing an astonishing 56% decline within 30 minutes on KRW pairs. Global market prices remained stable during this period, causing a $4,000 arbitrage gap that illustrated growing fear among investors
The South Korean crypto market made a swift recovery the very next day. Bitcoin was trading at around 136 million KRW, recovering from the previous day's low of 116.4 million KRW. XRP also bounced back, trading at 3,700 KRW, up from 2,800 KRW.
Ethereum ETFs Record $1.3 Billion in Inflows as Ether Price Surpasses $4,000 MediaEthereum-based spot exchange-traded funds (ETFs) have been experiencing a streak of inflows, with Dec. 6 marking the 10th consecutive day of positive inflows.
Bitcoin reached an all-time high of $100,000 on December 4, 2024, driven by growing mainstream acceptance and institutional investment. Experts predict continued growth, with potential long-term prices reaching $1,000,000.