Latest news with #Aave
Business Mayor
5 days ago
- Business
- Business Mayor
AAVE whale's $15 mln buy points to recovery – Can it hold $270?
A whale re-entered the market, buying $15M in AAVE after selling 184.4 WBTC via Wintermute OTC. Exchange data revealed three consecutive days of negative Netflow, indicating strong buying pressure across the board. After rallying to a local high of $270, Aave [AAVE] faced strong rejection and retraced. The altcoin dropped to a low of $239. For some investors, however, the pullback opened a window of opportunity—bringing both retail and whales back into the fold. For starters, according to on-chain analyst Ember, a whale that offloaded 184.4 WBTC worth $20.4 million through Wintermute OTC the previous day has returned to the market. In the past 24 hours, the whale accumulated $15 million worth of AAVE via Wintermute, acquiring 57,715 tokens at an average price of $259.9. The whale has been holding AAVE for the past two years, with a total spend of $30.8 million to acquire these tokens. Currently, this whale sits in a floating profit of $26.32 million. Source: IntoTheBlock Besides this whale activity, AAVE whales are highly active in the market with a higher Large Holders Capital Inflows. A higher inflow from whales indicates increased accumulation. After dropping to 89k, whale capital inflow rose to 224.87k in the past day, suggesting that whales are increasingly buying the altcoin. Source: IntoTheBlock Furthermore, large holders' Netflow remained positive. Over the past day, Netflow from whales has surged from 1.4k to 26.86k. A positive netflow suggests that whales are buying more than they are selling, having offloaded 198k AAVE tokens over this period. Source: CryptoQuant Additionally, this buying spree is not only isolated among whales but across all market participants. Read More OKX Approved: A Win For Singapore's Crypto Ambitions? On the exchange level, AAVE has registered three straight days of negative Netflow, implying more withdrawals than deposits. When this trend persists for a sustained period, it reflects strong bullish sentiments among investors. Price reaction and outlook As expected, increased accumulation has positively impacted the altcoin's price movement. In fact, the token climbed to a daily high of $262 before settling around $260, marking a 1.73% 24-hour gain. With the altcoin showing signs of recovery from its recent decline, it suggested that increased accumulation can push prices higher. Therefore, if the market sentiment is witnessed over the past day, we could see the altcoin make more gains. With buyers holding the ground, AAVE will reclaim $270 where it has faced rejection and attempt $284 resistance. Subsequently, if buyers retake the market, the altcoin could drop to $231 support.
Business Mayor
20-05-2025
- Business
- Business Mayor
Aave rallies on optimism as Bitcoin Pepe secures major partnerships before May 31 listing
AAVE has broken past $260 amid a 90% monthly gain and surging DeFi TVL. Bitcoin Pepe has secured key deals ahead of its May 31 CEX listing. Bitcoin Pepe (BPEP) is currently in its last token presale stage and it has seen a 71% price surge. AAVE has extended its bullish streak, gaining over 21% in the past 24 hours, while Bitcoin Pepe is drawing attention with strategic moves ahead of its much-anticipated May 31 listing. Both assets are riding separate but equally compelling narratives, one driven by surging TVL and renewed DeFi momentum and the other driven by meme coin culture and ecosystem expansion. With crypto investors eager to rotate capital into tokens showing strong community support and developer activity, both AAVE and Bitcoin Pepe are enjoying breakout moments in a market hungry for upside catalysts. AAVE powers past $260 as DeFi optimism intensifies At press time, AAVE was trading at $265.60, its highest level in over a year, propelled by a 90% rally in the past 30 days and a staggering 207.6% gain over the last year. Momentum is firmly on the side of bulls as AAVE's 24-hour trading volume nears $884 million, signalling strong demand and sustained price discovery above previous resistance levels. In addition, the protocol's total value locked (TVL) has soared to over $40.49 billion, underscoring growing confidence in Aave's lending infrastructure and its relevance in the broader DeFi ecosystem. This spike in TVL not only reflects increased user deposits but also signals growing institutional trust in permissionless, decentralised borrowing and lending platforms. Read More FASB Votes In Favor of Fair Value Accounting For Bitcoin Technically, AAVE has broken through a stubborn resistance at around $250–$262, invalidating prior local tops and opening the door to a possible retest of the $300 psychological level. On-balance volume has also turned sharply upward, suggesting that buyers are absorbing sell pressure and accumulating in anticipation of further upside. Additionally, the 24-hour price range of $218.49 to $269.13 shows heightened volatility but confirms that higher lows continue to form, a classic hallmark of bullish structure. With a market cap now exceeding $4 billion and circulating supply nearing 15.1 million tokens, AAVE appears to be gaining both retail and institutional traction. Many traders are now watching for potential retracements to the $210–$220 zone, which could act as new support should a short-term correction occur. Given its strong fundamentals, technical breakout, and rapidly climbing TVL, AAVE is now positioned as a flagship asset for DeFi resurgence narratives this quarter. Bitcoin Pepe locks in strategic partnerships as May 31 listing approaches While AAVE makes headlines for price action, Bitcoin Pepe (BPEP) is fueling its own rally through ecosystem expansion and strategic brand positioning ahead of its centralised exchange debut. Built on a new token standard dubbed the PEP-20 token standard, Bitcoin Pepe is marketing itself as the 'Solana of Bitcoin,' promising a Layer-2 experience native to the world's most secure blockchain. Ahead of its May 31 listing as its token presale comes to an end, Bitcoin Pepe has announced a string of high-profile partnerships with the likes of Catamoto, Super Meme, Plena Finance, GETE Network, Crypto Hunters and BETV, aimed at accelerating adoption and enhancing token utility. With strong emphasis on staking incentives and interoperability, the project is creating buzz among early adopters and meme coin enthusiasts looking for more than just hype. Currently in the last presale stage, Bitcoin Pepe's token, BPEP, has seen a 71% price surge, with projections of an explosion post-listing buoyed by its innovative approach to memecoins. Bitcoin Pepe's roadmap signals a robust ecosystem growth, including plans for bridge infrastructure, PEP-20 DEX listings, and NFT integrations that tap into Bitcoin's Ordinals movement. Developers are also rolling out native tools to simplify onboarding, enabling software engineers and crypto-native users to interact with PEP-20 tokens through wallet extensions and SDKs. This strategic positioning has helped Bitcoin Pepe carve out a niche in the crowded meme coin market by offering substance alongside viral branding. With just days to go before its major listing, the token's growing community and tech-forward narrative are converging into a potential breakout moment. Given the current appetite for meme projects with real use cases, Bitcoin Pepe is increasingly being seen as more than just another speculative token. If momentum sustains through listing day, BPEP could emerge as one of the few meme coins to successfully transition into infrastructure relevance on Bitcoin. In a market now rewarding both utility and storytelling, Bitcoin Pepe's rise comes at a time when narrative-driven investing is back in full force.
Time of India
13-05-2025
- Business
- Time of India
Crypto Gems: Top Crypto Assets To Watch & Buy in May 2025
Bitcoin had an extended period of consolidation in the first quarter this year but recovered in April with a 14% gain. Bitcoin has started May with a bullish bias and is currently trading around $105,000, a mere 3% off its all-time high. This surge has been aided by a variety of factors including easing tariffs, US trade deals and suggestions of US interest rate cuts soon. After months of under-performance, Ethereum has finally donned its rally hat with an impressive 40% gain last week and has pulled the altcoin market along. Market cap of OTHERS, altcoins excluding the top 10 crypto assets, is now above $290 billion, up $70 billion in the last 7 days. It is still 50% off its January high. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What is the best way to earn $2,700 per week as a second income? News Portal Learn More Undo Bitcoin dominance, which topped out at 65.5% last week, is currently at 62.7%. The extended devaluation of altcoins in Q1 this year means that while Bitcoin trades above $105,000, altcoins will quickly regain lost value. Crypto Tracker TOP COIN SETS AI Tracker 27.12% Buy DeFi Tracker 26.32% Buy NFT & Metaverse Tracker 24.11% Buy Web3 Tracker 19.01% Buy Crypto Blue Chip - 5 13.85% Buy TOP COINS (₹) XRP 214 ( 3.96% ) Buy Tether 85 ( 0.8% ) Buy Bitcoin 8,790,835 ( -0.77% ) Buy BNB 55,518 ( -2.02% ) Buy Ethereum 210,548 ( -3.51% ) Buy While we explore strong narratives in crypto and assets that can rally well below, it is crucial to conduct your own research and understand the risks associated with each investment. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Defi and DEX – HYPE, AAVE and PENDLE (Considerable Risk, High Returns) Live Events Hyperliquid (HYPE) operates on its own Layer-1 blockchain, specifically designed to enhance the efficiency DeFi applications using a custom consensus algorithm called HyperBFT. With over 400,000 users with $1.2 trillion in trade volume, Hyperliquid is gaining traction in the DeFi space. Its token, HYPE , was one of the best airdrops last year for loyal users. HYPE has demonstrated strong performance last month with nearly a 100% gain and is now trading above $25 a token. With a $8.4 billion market cap currently, HYPE can do a 4-6x this year. Aave (AAVE) is the largest money lending market in crypto. With more than $26 billion in deposits, Aave's revenue has indicated strong fundamentals with a 10x growth in revenue last year. This revenue fuels ecosystem grants and staking rewards incentivising more AAVE staking and generating demand for its token. AAVE, with a $3.4 billion marketcap, can do a 3-5x this year from current levels. Pendle (PENDLE) is a DeFi protocol that enables users to tokenize and trade future yield on yield-bearing assets. Its total value locked (TVL) has grown to $4.4 billion, more than 300% up year to date. With $5.6 million in fees in a month, PENDLE is well positioned to take advantage of a risk-on sentiment in the market. Pendle is backed by Binance Labs, the Spartan Group, and the Arbitrum Foundation. PENDLE, with a $650 million marketcap currently, has lots of room for growth this year (5-8x). Layer 1s – AVAX and SUI (Medium Risk, Good Returns) Avalanche (AVAX) is a Layer-1 blockchain focused on the development of subnets which facilitate gaming. It is backed by Pantera Capital, a16z (Andreessen Horowitz), Coinbase Ventures etc. Avalanche has been successful in onboarding BIG games like Shrapnel, Spellborne, Bloodloop, Off The Grid etc. Avalanche also supports a growing memecoin ecosystem. AVAX has shed more than 50% early this year and, hence, is a strong buy at current levels. With a market cap of over $11 billion, AVAX has potential to do a 3-5x over the next six months if sentiment in layer 1s including Ethereum pick up strongly. Sui (SUI) is often touted as a challenger to Solana. It is a Layer-1 blockchain founded by a strong of developers who earlier worked together in Meta. It aims to cater to the next billion users in Web3 and is already the third largest non-EVM layer 1 chain in terms of TVL. Its Mysticeti blockchain upgrade, started in 2024, has added an extended edge in terms of transaction processing . SUI, currently with a $14 billion market cap, can do a 4-6x over six months. Token unlocks are key dates to watch out for to capitalise on short-term dips for buying. Memecoin of the month – FARTCOIN (High Risk, High Returns) Memecoins were in trend again in January with the advent of TRUMP and MELANIA. However, they have fizzled out post Trump's inauguration and struggled since. Amidst this gloom, FARTCOIN stands out with a 3x gain since April and a strong growing community. Though the risks are high, there is a considerable merit to allocate a minor portion of one's portfolio in memecoins once the market sentiment is positive. The OG – BTC, ETH and SOL (Lowest Risk, Decent Returns) It is prudent to pivot a majority of your crypto portfolio to the safest assets – Bitcoin (BTC) primarily, followed by Ethereum (ETH) and Solana (SOL). They are proven to build adoption by new investors in the space. (The author of the article is Vikram Subburaj, CEO of Giottus Crypto Platform ) ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Yahoo
06-05-2025
- Business
- Yahoo
How To Pay Down Your Student Loan Debt With Crypto
Student loans have become a massive burden for millions of Americans. As of 2024, nearly 43 million borrowers owe a total of $1.77 trillion in student loans, with the majority being federal loans. Be Aware: Coinbase Fees: Full Breakdown of How To Minimize Costs Try This: The New Retirement Problem Boomers Are Facing While traditional methods of repaying student loans involve using your income to make monthly payments, you can also use crypto to tackle debt. Here are two ways to pay down student loan debt with crypto. Next, find out how you can pay your bills with cryptocurrency. Take Out a DeFi Loan DeFi, or decentralized finance, is a financial service that runs on blockchain networks, like ethereum (ETH). Unlike traditional banks, DeFi platforms don't rely on human approval. Instead, they use smart contracts to let people borrow, lend or earn interest on their digital assets. So, how do DeFi loans work? Say you have $15,000 in student loan debt and own $30,000 worth of ETH. Since you don't want to sell your ETH because you think the price will go up over time, you can use a DeFi platform like Aave or MakerDAO to deposit your ETH as collateral and borrow $15,000 in stablecoins. You can then convert the stablecoins into U.S. dollars and pay off your student loan debt. Once you repay the borrowed amount plus the interest, you get your ETH back. However, most DeFi platforms will only let you borrow 50% to 70% of your collateral's value. This is called the Loan-to-Value (LTV) ratio. If the value of your crypto drops significantly, you may be liquidated, meaning the platform sells part of your digital asset to cover the loan. Read Next: If Trump Eliminates the Department of Education, Do You Still Have To Pay Your Student Loans? Pros Lower interest rates: The first thing that makes DeFi loans attractive is the low interest rates and flexible repayment schedules. In some cases, borrowing rates are near zero. No credit score required: Since these loans are issued via smart contracts and not by financial institutions, you don't need to have a good credit score. Your crypto acts as the collateral instead of your credit history. Cons While using DeFi loans to pay down student loans has advantages, it's not without risks.
Business Mayor
04-05-2025
- Business
- Business Mayor
Ethereum's Pectra upgrade: Buterin says THIS is its biggest threat!
Vitalik warned that Ethereum's growing complexity may threaten decentralization; Pectra upgrade triggers key debate. ETH whales showed mixed strategies as price stagnates, reflecting uncertainty ahead of Pectra rollout. As the Pectra upgrade looms – arguably Ethereum's [ETH] boldest leap since the Merge – Vitalik Buterin is asking hard questions about where all this complexity leads. Meanwhile, the market seems unsure whether to cheer or flinch. Whales are divided, price action is sluggish, and the network feels like it's pausing mid-stride. Is this the weight of overengineering starting to show? Pectra on deck, but is Ethereum building a castle on sand? As Ethereum gears up for the highly anticipated Pectra upgrade – set to expand blob capacity, streamline validator ops, and bring in long-requested UX enhancements – Vitalik Buterin is sounding a different kind of alarm. In a new blog post, Ethereum's co-founder warns that the protocol may be drifting toward unsustainable complexity, urging a return to simplicity before it becomes a liability. 'Even a smart high school student is capable of fully wrapping their head around and understanding the Bitcoin protocol. A programmer is capable of writing a client as a hobby project.' The implication? Ethereum's current architecture is edging away from that level of accessibility… and it's a problem. While Pectra does offer tangible improvements, Buterin questions whether piling on features at the base layer is the right long-term strategy. He points out that Ethereum is increasingly reliant on a small group of highly technical contributors, which risks 'centralizing control and raising the barrier to entry for new developers.' 'Simplicity should be seen as a core value, just like decentralization.' Pectra may polish the protocol, but unless the community embraces a minimalist mindset, Ethereum could be building a future that's brilliant – but brittle. Read More Ethereum's Dencun upgrade gets a new touch — Here's how Whale watch: Mixed signals in murky waters If Ethereum's codebase is complex, its whales are even harder to read. While Buterin talks about clarity, large holders are doing anything but showing conviction. On-chain data paints a picture of hesitation, one that is more akin to a poker game than a market strategy. Source: X Take the whale who just scooped up 3,029 ETH at $1,895. That's a $5.74M bet… now sitting $142K in the red. Yet since March, the same wallet has walked away with $300K in profit by buying dips and flipping tops. Not bad, but hardly a vote of long-term confidence. Meanwhile, in just the past few hours, two whales borrowed a combined $5M in USDC from Aave to buy ETH – while another wallet quietly pulled 2,250 ETH off Binance. A bullish sign? Maybe. But then there's the short whale who's doubled down with a 10,000 ETH ($17.9M) short, now $510K underwater. Source: X And let's not forget the long-term staker who finally unstaked 5,180 ETH after two years – only to lock in a $255K net loss. Source: CoinMarketCap Price? Barely moved – up just 1.83% this week. The big fish are swimming, but no one's steering. What history tells us Ethereum's major upgrades tend to follow a familiar pattern—anticipation, volatility, and eventual price movement. When the Merge launched in September 2022, ETH initially dropped over 20% within days. However, it rebounded months later, supported by macro tailwinds. The Shanghai upgrade in April 2023 unlocked staked ETH. Markets expected a surge in selling pressure, but ETH instead jumped over 10% in the following week. Investors appeared relieved by the smooth implementation. Read More Nakamoto upgrade delay raises concerns as STX struggles below $2 This trend highlights short-term volatility followed by gradual, meaningful repricing once speculation settles. Pectra, though less headline-grabbing than the Merge, introduces scalability improvements, better validator experience, and expanded rollup capabilities. Whether it sparks a rally or simply strengthens Ethereum's foundation, history suggests markets rarely react instantly to technical advancements. Instead, the impact unfolds over time. Breakout or breakdown? At press time, ETH was hovering around $1,846 with muted volatility, as RSI held steady at 58, neither overbought nor oversold. The MACD hinted at bullish momentum, but just barely. Whales seem split because ETH itself is. With fundamentals improving but concerns over complexity rising, price is treading water. Source: TradingView This sideways churn may signal compression before a breakout, or the start of a longer consolidation phase.
