💰 Aave DAO has released an ARFC proposal titled “Focussing the Aave V3 Multichain Strategy – Phase 1,” outlining a plan to streamline Aave V3’s multichain footprint. The first phase proposes freezing the Aave V3 deployments on zkSync, Metis, and Soneium, while introducing a requirement that any future Aave V3 deployment be backed by a minimum annual revenue guarantee of $2 million from the target chain. This aims to better align deployment costs, risks, and expected returns. link
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🙋♂️ #Aave DAO has released an ARFC proposal titled “Focussing the Aave V3 Multichain Strategy – Phase 1,” outlining a plan to streamline Aave V3’s multichain footprint. The first phase proposes freezing the Aave V3 deployments on zkSync, Metis, and Soneium, while introducing a requirement that any future Aave V3 deployment be backed by a minimum annual revenue guarantee of $2 million from the target chain. This aims to better align deployment costs, risks, and expected returns. link
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📊 #BTC Glassnode: The Realized Profit/Loss Ratio (90D-SMA) continues to trend lower (~1.5), moving closer to 1, reflecting progressively thinner liquidity conditions.
A sustained break below 1 has historically coincided with broad-based capitulation, where realized losses dominate profit-taking across the market.
A sustained break below 1 has historically coincided with broad-based capitulation, where realized losses dominate profit-taking across the market.
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📊 #BTC Glassnode: The Realized Profit/Loss Ratio (90D-SMA) continues to trend lower (~1.5), moving closer to 1, reflecting progressively thinner liquidity conditions.
A sustained break below 1 has historically coincided with broad-based capitulation, where realized losses dominate profit-taking across the market.
A sustained break below 1 has historically coincided with broad-based capitulation, where realized losses dominate profit-taking across the market.
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🗣 Jeff Booth emphasized the importance of privacy in the digital age, suggesting that if Satoshi were present today, he would possess power through control or privacy, remaining undetected due to his total privacy. link
🕵️ The U.S. Treasury is investigating whether crypto platforms and infrastructure are facilitating sanctions evasion by Iran. The enforcement focus is shifting from individual wallets to "service layer" systems like exchanges, stablecoin ramps, and liquidity hubs. With Iran’s annual crypto transaction volume estimated between $8 billion and $10 billion, OFAC has sanctioned crypto exchanges operating within Iran’s financial system for the first time. #stablecoin link
🕵️ In response to concerns about Bitmine (BMNR) facing a $6.6 billion unrealized loss and potential selling pressure on ETH prices, Tom Lee, Chairman of Bitmine, emphasized that these views overlook the purpose of an Ethereum treasury. He explained that Bitmine aims to track ETH's price and outperform over the market cycle, asserting that unrealized losses during downturns are "a feature, not a bug," similar to how index ETFs behave in declines. link
💰 According to FT, Tether has scaled back its planned $15–20 billion fundraising after investor pushback over a $500 billion valuation. Advisers are now discussing a raise as small as $5 billion. CEO Paolo Ardoino stated that the larger figure was only a maximum the company was willing to sell and that Tether would be comfortable not raising capital at all. The firm made about $10 billion in profit last year, mainly from USDT reserve returns. link
🔮 Crypto.com is launching a dedicated platform, OG, for prediction markets just days before the Super Bowl. link