Aave-Chan Initiative Founder Marc Zeller unpacks Aave's efforts at decentralization, buyback initiatives and the GHO stablecoin.
Filecoin (FIL) was also among the top underperformers, declining 4.5% from Wednesday.
Aave's tokenholders approved a governance proposal to start buying back the decentralized finance (DeFi) protocol's governance token, AAVE, as part of a broader tokenomics overhaul, Aave said on April 9. The proposal — which was approved by more than 99% of AAVE tokenholders — permits the protocol to purchase $4 million in AAVE (AAVE) tokens, enough for one month of buybacks.
The first AAVE buyback proposal secured 99.63% approval. The full strategy is designed to execute $1 million in weekly buybacks over six months.
Litecoin (LTC) saw a significant price surge on Tuesday, climbing 12.76% to $71.94 by 02:03 ET (06:03 GMT), according to the Investing.com Index. This marks Litecoins biggest single-day gain since January 15, offering a momentary rebound despite a broader downtrend over the past week.
The Aave DAO has overwhelmingly approved a $4 million AAVE token buyback, launching the first phase of a broader initiative to overhaul the protocol's tokenomics.
Aave DAO members are voting on a proposal to add Pendle's Principal Tokens to its V3 Core market. The proposal, posted on the web3 voting platform Snapshot on Apr. 7, suggests listing an initial PT test asset.
It's been a mixed bag for those interested in AAVE.
Several major developments across various ecosystems are expected this week, suggesting imminent volatility for tokens within the respective niches. From Aave buybacks to Trump's reciprocal tariffs, some very interesting updates are in the pipeline.
Litecoin (LTC) was the top underperformer, declining 19.7% from Friday.
Litecoin (LTC) dropped 10.05% on Sunday, falling to $74.18 by 14:19 (18:19 GMT), marking its steepest one-day loss since April 6, according to Investing.com. This sharp decline reduced Litecoins market capitalization to $5.77 billion, now just 0.22% of the total crypto market value.
Aavenomics, the proposal to modify Aave protocol tokenomics and introduce token buybacks, has achieved a quorum for the Aave DAO. Aave Chain Initiative (ACI) founder Marc Zeller announced this on X, noting that it marks a new era for the protocol.
With the market falling fast due to global tariff wars, LTC is in freefall. Can it recover, or is this the start of something worse?
DeFi's largest protocol, the Aave decentralized autonomous organization (DAO), has officially approved a $1 million token buyback initiative that will start on April 9. The proposal secured 439,000 votes in favor, well above the required 320,000 quorum, while only 2,020 votes opposed it.
Lens Chain mainnet goes live using an inexpensive Ethereum overlay blockchain designed for building decentralized social media applications.
Pornhub, the popular adult entertainment website, has added Bitcoin and Litecoin to its payment options. The adult website has been already accepting the cryptocurrency verge (XVG) from 2018.
Fidelity has launched a no-fee crypto Individual Retirement Account (IRA) that allows U.S. adults to invest in Bitcoin, Ethereum, and Litecoin. The post Fidelity's New Crypto IRA Could Be Huge for Litecoin – Here's Why appeared first on Cryptonews.
Fidelity launches zero-fee crypto IRAs offering Bitcoin, Ethereum and Litecoin exposure through tax-advantaged retirement accounts for US investors.
Since the inauguration of the new president of the US, the markets have remained highly volatile. Moreover, the tariff war has caused more harm, which seems to have become more uncertain than before.
An important turning point in the world of finance and pensions comes from the United States: Fidelity Investments, the largest American provider of 401(k) retirement accounts, has announced the introduction of cryptocurrencies in individual retirement accounts (IRA). Investors can now include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) in their retirement plans. A decision that opens up new scenarios for the integration of digital currencies into long-term savings. With the launch of the new service, Fidelity allows its clients to open a “crypto IRA“, a retirement account that permits the purchase and holding of cryptocurrencies. Already known to the retail public through Fidelity's trading crypto service, the three digital coins can now be an integral part of the retirement investment strategy.
Fidelity Investments is launching zero-fee retirement plans that will provide investors exposure to three major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). The product is available to US citizens over 18 who reside in states where Fidelity Digital Assets supports crypto individual retirement arrangements (IRAs).
Fidelity Investments has introduced an IRA that permits private investors to invest in cryptocurrencies under its web3-focused subsidiary, Fidelity Digital Assets.
Fidelity Investments has introduced a new Individual Retirement Account (IRA) product that allows U.S. investors to directly invest in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). This new product will satisfy the increasing number of investors seeking tax-efficient ways to invest in cryptocurrencies.
Fidelity Investments has launched an individual retirement account (IRA) that lets individuals to invest in cryptocurrencies under its web3-focused subsidiary Fidelity Digital Assets.
Fidelity Investments has introduced a new crypto-focused retirement account, giving individual investors the opportunity to hold digital assets directly in tax-advantaged retirement portfolios. The offering includes access to Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Litecoin (CRYPTO: LTC), and is available to U.S. residents aged 18 and older.
Chainlink (LINK) was also among the underperformers, falling 4.7% from Tuesday.
The $159 level is a key support to watch for Aave (AAVE), while a break below could send prices toward $128.
Wall Street giant Goldman Sachs has predicted that the US Federal Reserve will trim interest rates three times this year, which could bode well for Bitcoin and altcoins. Amid this forecast, below are the top 4 altcoins to buy to enjoy significant returns.
The Litecoin (LTC) open interest data shows the coin has experienced a mild surge in the past 24 hours. Interestingly, the LTC open interest outlook has outpaced that of Bitcoin, a mild case of decoupling at a time when the broader digital currency ecosystem is seeing a drawdown.
AAVE is likely to establish a new high as more liquidity pours in.
TL;DR Aave integrates Chainlink Smart Value Recapture (SVR) on Ethereum to recapture the MEV associated with loan liquidations in DeFi protocols. The SVR solution allows DeFi protocols to recover value lost in block building, improving the DeFi economy in a sustainable and transparent way.
The Aave community has voted to allow the adoption of Chainlink's Smart Value Recapture feature as the protocol looks to reclaim millions in maximum extractable value lost to oracles.
Decentralized finance protocol Aave has integrated Chainlink Smart Value Recapture (SVR) on the Ethereum mainnet, with this coming on the back of a community vote. The integration is an initiative of Chainlink and Aave (AAVE) ecosystem contributors BGD Labs, and Aave Chan Initiative, according to an announcement.
Numerous crypto whales watch Litecoin (LTC) intently, with large accumulation patterns identified within the on-chain data. Recently, blockchain data showed a staggering 24-hour volume of transactions of 115.18M LTC with a total of 365,086 active addresses, and overall activity was high too.
The Aave DAO community has formalized the integration of Chainlink Smart Value Recapture (SVR) on the Ethereum mainnet, with the goal of recovering the value extractable from oracles (Oracle Extractable Value, OEV) related to liquidations and converting it into a new source of revenue for the protocol. The decision, confirmed by an on-chain vote, marks a turning point for decentralized finance (DeFi), ushering in a sustainable model that reintegrates into the system the value technically lost during liquidation operations.
Litecoin (LTC) has witnessed a surge in on-chain activity, fueled by increased whale transactions. Data from IntoTheBlock shows a 4% spike in large transactionseach over $100,000in the past 24 hours.
As the crypto space evolves, utility-based projects like Coldware (COLD) are becoming the center of investor focus. Coldware (COLD) is not a meme coin; it is a comprehensive Layer-1 blockchain ecosystem designed to power the next generation of decentralized finance (DeFi), micro transactions, and IoT connectivity. Through its PayFi infrastructure and Freeze.
Litecoin (LTC) has registered increased on-chain activity in the last 24 hours. Notably, IntoTheBlock data show that large transactions involving over $100,000 in LTC have surged as whales engage in trading activities on the crypto market.
The crypto market dipped into the red over the past 24 hours as cryptocurrencies, including Bitcoin (BTC), registered notable declines. As a result, the crypto market cap dropped to $2.86 trillion.
Litecoin is now available in Wallet in Telegram, the crypto wallet that lets users buy, sell, and transfer crypto on Telegram.
This week, several significant events are poised to impact the crypto market. The new SEC chair ascension, developments in Ethereum's Pectra Upgrade, and new ecosystem developments have the crypto space buzzing with anticipation.
AAVE could be a focal point for traders this week.
It is no secret that Litecoin (LTC) has been struggling lately, and the signals on the charts are not looking much better. A number of key indicators suggest that the price of LTC might be on the brink of a big drop, and one in particular stands out: the approaching death cross.
Litecoin [LTC] boasts the highest percentage of long-term holders in the market.
Litecoin price has crashed into a bear market this year, and technicals suggest that it has more downside to go even as whale activity increases. Litecoin (LTC) was trading at $93.
A chart shared by on-chain data aggregator IntoTheBlock has revealed that the “digital silver” coin, LTC, which was created two years after Bitcoin, in 2011, is still popular with long-term investors.
The crypto market dipped back into bearish territory as prominent cryptocurrencies, including Bitcoin (BTC), registered notable declines. BTC reached a high of $86,444 as markets rallied.
A poorly timed trade cost a crypto whale $10.9M in potential profits, even as they secured $1.8M from their transactions.