ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala

Lending

Lending protocols form the backbone of the decentralized money market, allowing users to lend or borrow digital assets without intermediaries. Using smart contracts, platforms like Aave and Morpho automate interest rates based on supply and demand while requiring over-collateralization for security. The 2026 lending landscape features advanced permissionless vaults and institutional-grade credit lines. This tag covers the evolution of capital efficiency, liquidations, and the integration of diverse collateral types, including LSTs and tokenized RWAs.

15831 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
With ETFs declining, leverage being wiped out, and liquidity drying up, what is the way out for the crypto market?

With ETFs declining, leverage being wiped out, and liquidity drying up, what is the way out for the crypto market?

Author: Tanay Ved, Coin Metrics Compiled by: GaryMa, Wu Shuo Blockchain Key points summary Demand from major absorption channels such as ETFs and DATs has weakened recently, while the deleveraging events in October and the macroeconomic backdrop of declining risk appetite continue to put pressure on the crypto asset market. • Leverage in the futures and DeFi lending markets has been reset, with positions becoming lighter and cleaner, thereby reducing systemic risk. • Spot liquidity has not yet recovered, and both mainstream assets and altcoins remain weak, making the market more fragile and more susceptible to unexpected price fluctuations. introduction Uptober started strong, fueled by Bitcoin hitting a new all-time high. However, this optimism was quickly shattered by the flash crash in October. Since then, BTC has fallen by approximately $40,000 (over 33%), with altcoins suffering an even greater blow, pushing the overall market capitalization close to $3 trillion. Despite positive fundamental developments this year, price performance has shown a clear divergence from market sentiment. Digital assets appear to be at the crossroads of multiple external and internal forces. At the macro level, uncertainty surrounding a December rate cut, coupled with recent weakness in tech stocks, has exacerbated the decline in risk appetite. Within the crypto market, core absorption channels such as ETFs and Digital Asset Vaults (DAT) are experiencing outflows and increased cost pressures. Meanwhile, the market-wide liquidation that occurred on October 10th triggered one of the most severe deleveraging events in recent years, and its aftershocks continue as market liquidity remains shallow. This report will break down the drivers behind the recent weakness in the crypto asset market. We will delve into ETF fund flows, perpetual futures and DeFi leverage, as well as order book liquidity, to explore how these changes reflect the current market conditions. The macroeconomic environment has shifted to a decline in risk appetite. The performance divergence between Bitcoin and major asset classes is widening. Gold has surged more than 50% year-to-date, driven by record central bank demand and ongoing trade tensions. Meanwhile, tech stocks (NASDAQ) lost momentum in the fourth quarter as the market reassessed the probability of a Fed rate cut and the sustainability of AI-driven valuations. As our previous research has shown, the relationship between BTC and "risk assets" like tech stocks and "safe-haven assets" like gold fluctuates cyclically with the macroeconomic environment. This means it is particularly sensitive to sudden events or market shocks, such as the flash crash in October and the recent decline in risk appetite. As the anchor of the entire crypto market, Bitcoin's pullback continues to spread to other assets. Although themes such as privacy occasionally show brief performance, they are generally still in sync with BTC. ETFs and DAT: Demand weakens Bitcoin's recent weakness is partly due to the weakening of funding channels that have been supporting it for much of 2024–2025. ETFs have seen net outflows for several consecutive weeks since mid-October, totaling $4.9 billion. This is the largest round of redemptions since April 2025, when Bitcoin fell to around $75,000 due to tariff expectations. Despite the significant short-term outflows, on-chain holdings remain on an upward trend, with the BlackRock IBIT ETF alone holding 780,000 BTC, representing approximately 60% of the total supply of spot Bitcoin ETFs. If funds return to a pattern of sustained net inflows, it would indicate that this channel is stabilizing. Historically, ETF demand has been a key absorber of supply when risk appetite improves. Digital asset treasuries (DATs) are also facing pressure. As markets decline, the market capitalization of their equity and crypto holdings is compressed, putting pressure on the net asset value premium that underpins their exponential growth mechanism. This will limit their ability to raise new capital through stock issuance or debt issuance, thus limiting their room to increase their “per-crypto asset” allocation. Smaller or newer DATs are particularly sensitive to this change and will be more cautious when their cost base and equity pricing become unfavorable. Strategy—currently the largest holder of DAT—holds 649,870 BTC (approximately 3.2% of the total supply) at an average cost of $74,333. As shown in the chart below, Strategy's accumulation accelerated significantly when BTC rose and its stock price performed strongly, but has slowed noticeably recently, without becoming an active selling force. Even so, Strategy remains in a profit position, with its cost basis below the current price. If BTC falls further, or if it faces the risk of being removed from the index, Strategy may come under pressure; however, if the market reverses and its balance sheet and valuation improve, it is expected to resume a stronger pace of accumulation. On-chain profitability metrics also reflect this situation. Short-term holders' SOPR (<155 days) has fallen into a loss range of ~23%, which typically indicates a "capitulation" sell-off by the most sensitive holding group. Long-term holders are still profitable on average, but SOPR also shows a mild selling tendency. If STH SOPR returns above 1.0, while LTH selling pressure eases, it means the market may have regained stability. Crypto Market Deleveraging: Perpetual Futures, DeFi Lending and Liquidity The liquidation wave on October 10th triggered a multi-level deleveraging cycle spanning futures, DeFi, and stablecoin leverage, the effects of which have not yet fully dissipated. Leverage cleansing in perpetual futures Within just a few hours, perpetual futures experienced the largest forced deleveraging in history, wiping out more than 30% of the open interest accumulated over several months. Altcoins and platforms with a high retail market share (such as Hyperliquid, Binance, and Bybit) saw the steepest declines, consistent with the aggressive leverage previously accumulated in these sectors. As shown in the chart below, current open interest remains significantly lower than the pre-crash peak of over $90 billion, and subsequently declined slightly further. This indicates that systemic leverage has been significantly cleared, and the market has entered a stabilization and repricing phase. Funding rates have also declined, reflecting a reset in bullish risk appetite. BTC funding rates have recently hovered in the neutral or slightly negative range, consistent with the market's lack of clear directional confidence. DeFi deleveraging The DeFi lending market has also undergone a gradual deleveraging process. Active lending on Aave V3 has been declining steadily since its peak at the end of September, as borrowers reduced leverage and repaid debts. The contraction in stablecoin lending was most pronounced, with the depegging of USDe causing a 65% drop in USDe lending volume and further triggering a liquidation chain of synthetic dollar leverage. ETH-related lending also contracted, with WETH and LST-related loans decreasing by 35-40%, indicating a significant exit from cyclical leverage and yield strategies. Spot liquidity is shallow Spot market liquidity failed to recover after the October 10th settlement. Order depth (±2%) on major exchanges remains 30–40% lower than at the beginning of October, indicating that liquidity has not yet recovered despite price stabilization. With fewer orders, the market is more vulnerable, and even minor trades can trigger excessive price shocks, exacerbating volatility and amplifying the impact of forced liquidations. Altcoins are experiencing even worse liquidity. Order book depth outside of mainstream assets has declined more sharply and for a longer period, indicating continued risk aversion and decreased market maker activity. While a comprehensive improvement in spot liquidity could mitigate price shocks and promote stability, current order book depth remains the most obvious indicator that systemic pressures have not yet dissipated. in conclusion The digital asset market is undergoing a comprehensive recalibration, characterized by weak demand for ETFs and DAT, leverage rebalancing in futures and DeFi, and persistently shallow spot liquidity. These factors are suppressing prices but simultaneously making the system healthier: lower leverage, more neutral positioning, and greater emphasis on fundamentals. Meanwhile, the macroeconomic environment remains headwinds: weakness in AI tech stocks, fluctuating expectations of interest rate cuts, and declining risk appetite continue to dampen market sentiment. Only when major demand channels (ETF inflows, DAT accumulation, and stablecoin supply growth) recover, coupled with a rebound in spot liquidity, will the market be able to stabilize and reverse. Until then, the market will continue to be caught in a tug-of-war between a macroeconomic environment of declining risk appetite and internal structural changes in the crypto market.

Author: PANews

2025/11/28

How Do Cryptocurrencies Help Developing Countries?

How Do Cryptocurrencies Help Developing Countries?

Citizens of developing countries may have trouble accessing standard financial services, such as bank loans, mortgages, money transfers, or savings accounts. For many, cryptocurrencies offer a solution.

Author: Brave Newcoin

2025/11/28

Top 7 Crypto to Invest In Before 2026 – Blazpay, Bitcoin, Ethereum, Solana, Cardano, Avalanche, TRON

Top 7 Crypto to Invest In Before 2026 – Blazpay, Bitcoin, Ethereum, Solana, Cardano, Avalanche, TRON

The cryptocurrency market in November 2025 is experiencing renewed activity, as tokens across DeFi, multichain ecosystems, and presale projects gain traction. Investors are increasingly focused on platforms offering perpetual trading, gamified rewards, and unified services, while early-stage presales provide opportunities for high upside. Among these, Blazpay’s Phase 4 presale has emerged as a standout project, […] The post Top 7 Crypto to Invest In Before 2026 – Blazpay, Bitcoin, Ethereum, Solana, Cardano, Avalanche, TRON appeared first on TechBullion.

Author: Techbullion

2025/11/28

Important news from last night and this morning (November 27-November 28)

Important news from last night and this morning (November 27-November 28)

Data: Over the past 30 days, Bitcoin whales have flowed $7.5 billion into Binance, the highest level in a year. CryptoQuant analyst Martunn wrote that the latest data shows that over the past 30 days, Bitcoin whales have poured $7.5 billion into Binance, the highest level in a year. This surge in inflows is similar to the pattern seen during previous periods of high market volatility (such as March 2025), when Bitcoin's price plummeted from approximately $102,000 to a low of $70,000. In these situations, whales typically move funds into exchanges to take profits or manage risk when the market weakens. Given that the 30-day inflow indicator is still climbing, the current data does not yet indicate that selling pressure has stabilized. For investors, this mainly means that the risk zone has not yet been fully resolved. Large inflows into exchanges often act as a barometer of pressure: they indicate that funds are being mobilized, but do not necessarily predict when a trend reversal will occur. In similar periods in the past, it took the market about a month to find a local bottom. Entrée Capital raises $300 million in new fund, focusing on early-stage investments in AI, cryptocurrencies, and other sectors. According to official news, Entrée Capital has announced the successful raising of a new $300 million fund focused on early-stage investments. This brings the company's total assets under management to $1.5 billion. The new funds will primarily be deployed in pre-seed, seed, and Series A investments in Israel, the UK, Europe, and the US. The new fund will target founders in the following areas: Artificial Intelligence (covering native AI applications, vertical AI, and enabling infrastructure); Deep Technology and Quantum Computing (including computing technologies, science-driven systems, and advanced materials); Software, Data, and B2B Productivity Enhancement; Cryptocurrency (primarily focusing on infrastructure and security); and unconventional cutting-edge innovation. Entrée Capital has previously invested in Web3 domain registrars such as Freename and Bitcoin payment startup Breez. A whale borrowed another 5.5 million USDT from Aave and subsequently bought 60.07 WBTC. According to on-chain analyst @ai_9684xtpa, address 0x931...3c721 continues to borrow funds to go long on WBTC. In the past 3 hours, he borrowed 5.5 million USDT from Aave, transferred it to address 0x276...23E87, and bought 60.07 WBTC at an average price of $91,242.6. Currently, he has borrowed a total of 22.48 million USDT by pledging 375.07 WBTC on Aave. Bitmine has purchased 14,618 ETH from BitGo, worth $44.34 million. According to OnchainLens monitoring, Bitmine has purchased 14,618 ETH from BitGo, worth $44.34 million. Alliance DAO co-founder: L1 token lacks a moat; betting on the application layer may be the way out. QwQiao, co-founder of Alliance DAO, stated in an article on the X platform that he finds it difficult to convince himself to hold L1 public chain tokens long-term. The reason is not their high price-to-earnings ratio (P/E), but rather the lack of a moat, making them easily commoditized and difficult to capture meaningful value. Currently, cross-chain transfers are very convenient for users, and most application developers can quickly migrate their applications from one chain to another. Furthermore, launching a new chain is significantly easier than before, and the switching costs are far lower than infrastructure like AWS. QwQiao also mentioned that the only way for a chain to strengthen its moat is to develop vertically and control the application layer. He observed that chains like Solana, Base, and Hyperliquid have realized this and are actively taking action, as is the emerging enterprise-level chain Tempo. He firmly believes that the crypto industry will experience exponential growth, and betting on the application layer is the best way to express this view. OKX donated HK$10 million to Hong Kong to support emergency relief and recovery efforts. According to official sources, OKX has donated HK$10 million to Hong Kong to support local emergency relief and disaster recovery efforts. As cryptocurrency fraud spreads, Interpol has upgraded fraud networks to a global threat. According to Decrypt, Interpol adopted a resolution at its general assembly in Marrakech this week, formally recognizing cryptocurrency-related fraud as a core element of a massive fraud industry and listing the network as a transnational criminal threat. Global law enforcement agencies are currently strengthening coordinated control over its financial flows. These criminal networks rely on human trafficking, online fraud, and forced labor, with victims from over sixty countries. Criminals often lure victims with promises of high-paying overseas jobs, forcing them into illegal locations and engaging in illicit activities such as voice phishing, romance scams, investment fraud, and cryptocurrency scams. Fraud rings recruit victims using fake job opportunities, transport them to illegal locations, and then force them to commit crimes. They utilize advanced technology to "deceive victims and cover up their crimes," and these transnational criminal networks are "highly adaptable." The fraud hub model initially attracted international attention in Southeast Asia and has now spread to parts of Russia, Colombia, East African coastal countries, and parts of the UK. In May of this year, the US Treasury Department severed financial ties with Cambodia's Huawang Group, accusing it of laundering $4 billion in money for fraud. This month, the U.S. Department of Justice, together with several other agencies, established a special task force to combat this crime. This resolution by Interpol marks a new stage in global law enforcement cooperation. A "whale" that accumulated WBTC and ETH at high prices through revolving loans has sold off 350 WBTC at a loss in the past week. According to on-chain analyst Yu Jin, a "whale" who hoarded WBTC and ETH at high prices through revolving loans subsequently sold off 18,517 ETH at a loss, incurring a loss of $25.29 million. He also gradually sold off his WBTC at a loss. Over the past week, he sold 350 WBTC at an average price of $87,732, exchanging them for 30.7 million USDT. His WBTC cost price was $116,762, resulting in a loss of $10.16 million from this sale. His remaining 1,210 WBTC are currently showing a paper loss of $30.9 million. The UK Financial Conduct Authority opens sandbox environment for stablecoin companies. According to Ledger Insights, the UK Financial Conduct Authority (FCA) has announced the launch of a stablecoin project group as part of its regulatory sandbox program, with an application deadline of January 18, 2026. Bloomberg also reports that the UK Debt Management Office is exploring expanding the UK government bond market, a move that will be related to stablecoin reserves. In a speech yesterday, David Geale of the FCA stated that a “large company” has been included in the sandbox program to test a sterling stablecoin for payments. Sandbox participants must ensure their designs comply with the requirements outlined in the FCA's consultation document in May. The UK employs a two-track system for stablecoin regulation: the Bank of England regulates systemically important stablecoins for prudential and financial stability purposes; the FCA is responsible for regulating other stablecoins, and is also responsible for the conduct and consumer protection oversight of all stablecoins. The UK has proposed introducing a "no profit, no loss" tax rule for DeFi. According to CoinDesk, the UK government is developing a new tax framework that could benefit DeFi users. A proposal released this week shows that HM Revenue and Customs supports a "no profit, no loss" principle for cryptocurrency lending and liquidity pool arrangements. Under the current system, DeFi users depositing funds into protocols, even just for profit or as collateral for loans, can trigger capital gains tax. The new measure will postpone tax payment until an economically meaningful asset disposal occurs. This means that users depositing cryptocurrency into lending protocols or providing tokens to automated market makers will no longer need to pay tax on the deposit itself, but only when they eventually sell or trade the assets and realize a profit or loss. The proposal aims to align tax rules with the actual operation of DeFi, thereby reducing the administrative burden and avoiding unreasonable tax outcomes. The new principle also applies to complex multi-token arrangements; if a user withdraws more tokens than they deposited, the profit will be taxed; if less, it will be considered a loss. However, this model is not yet finalized, and the government is still consulting with professionals and DeFi developers. While HM Revenue and Customs has not set a timetable for legislation, it has stated that it will continue to engage with the industry to assess the necessity of such legislation. Bitwise has updated its filing for the spot Avalanche ETF, proposing to add staking functionality. According to CoinDesk, Bitwise has updated its filing with the U.S. Securities and Exchange Commission (SEC) for its spot Avalanche ETF. This revision changes the ETF's ticker symbol to BAVA and sets the sponsorship fee rate at 0.34%, currently the lowest among similar products. In comparison, VanEck's Avalanche ETF has a fee rate of 0.40%, and Grayscale's is 0.50%. The updated S-1 filing also states that the trust will be allowed to stake up to 70% of its AVAX holdings on Avalanche's proof-of-stake network to earn additional tokens. However, the issuer is considering deducting 12% of the proceeds as fees, with the remainder distributed to shareholders. Since competitors have not yet launched staking services, their fees are currently limited to sponsorship fees. Bitwise is also offering a full fee waiver for the first month on its initial $500 million in assets, aiming to position BAVA as the lowest-cost way for traditional investors to gain exposure to Avalanche and earn staking income. YZi Labs seeks to expand the board of directors of BNB treasury company CEA Industries to improve strategy execution and oversight. YZi Labs announced on its X platform that, as a significant shareholder of CEA Industries Inc. (NASDAQ: BNC), it has filed a preliminary consent statement with the U.S. Securities and Exchange Commission (SEC) seeking written shareholder consent to expand the company's board of directors and add new board seats. YZi Labs stated that despite a significant increase in the value of BNC's main asset under management, BNB, the company's performance since the completion of its $500 million PIPE financing deal this summer has fallen far short of the expected results from that investment rationale. It believes BNC's poor performance is a direct result of poor strategy execution, insufficient investor communication, and a lack of effective oversight. YZi Labs also expressed concern about delays in key SEC filings, failure to promptly update investors on digital asset fund management and net asset value (NAV), and continued investor confusion regarding the company's identity, communication, and strategy. The Wormhole Foundation announced the purchase of $5 million worth of W tokens. According to official sources, the Wormhole Foundation announced that it has purchased $5 million worth of W tokens and added them to its balance sheet. Balancer security incident update: DAO begins discussions on an $8 million recovery plan. According to CoinDesk, weeks after a major vulnerability in Balancer v2 vaults led to the loss of over $110 million, the Balancer DAO has begun discussing a plan to distribute approximately $8 million in recovered assets to affected limited partners (LPs). The proposed scheme includes structured rewards for white-hat hackers and compensation based on snapshots of user pool assets at the time of the exploit, consistent with the Safe Harbor Protocol. This protocol stipulates a bounty cap of $1 million per incident, requiring white-hat hackers to undergo comprehensive KYC and sanctions screening. Several anonymous rescuers on Arbitrum have waived their bounty claims. Recovered tokens cover networks including Ethereum, Polygon, Base, and Arbitrum, with liquidity providers receiving compensation proportionally to the tokens initially provided and per pool. A claims mechanism is currently under development; if the proposal is approved, users will need to accept updated terms of use. Additionally, $19.7 million in osETH and osGNO were recovered by StakeWise and will be processed separately; $4.1 million recovered internally in collaboration with Certora is ineligible for a bounty due to a previous agreement. This exploit, caused by a smart contract flaw, marks Balancer's third major security incident, resulting in a plunge in total value locked (TVL) from approximately $775 million to $258 million, and a loss of about 30% in the value of BAL tokens. Uniswap's "UNIFication" proposal has passed preliminary approval, and the fee switch contract has entered its $15.5 million bounty period. Snapshot voting results show that Uniswap's "UNIfication" governance proposal received over 63 million UNI in support and almost zero opposition in the provisional vote. The proposal aims to unify the governance structure of Uniswap Labs and the foundation, and activate the protocol-level fee mechanism. The fee-switch smart contract has been included in the Cantina bug bounty program, with a reward of $15.5 million. Formal on-chain voting is expected to begin next week, and if the proposal passes, it will facilitate the implementation of the UNI governance token revenue distribution mechanism. Binance donated HK$10 million to Hong Kong to support fire relief and reconstruction. According to an official announcement from Binance, Binance will donate HK$10 million to the fire-stricken area of Hung Fook Court in Tai Po, Hong Kong, to support rescue and reconstruction efforts. Binance stated that it will implement the donation through relevant channels and extend its condolences to the affected people. Infinex will launch its token presale on Sonar, distributing 5% of its INX tokens before January TGE to raise $15 million. According to The Block, Infinex, the crypto super-application founded by DeFi pioneer Kain Warwick, announced that it will launch an INX token sale through the Sonar platform before the Time of Government Expiry (TGE) in January 2026. The plan is to sell 5% of the total supply at a valuation of $300 million, raising $15 million. Patron NFT holders will enjoy tiered allocations (a single INX will receive $2,000, with 5/25/100 INX corresponding to caps of $15,000/$100,000/$500,000 respectively); non-holders will participate through a lottery, with a cap of $5,000 per person and a minimum of $200. The sold tokens will be locked for one year, with the option to unlock them early by paying a premium. The project states that the proceeds will be used for token buybacks; approximately 25% of the tokens will be reserved in a vault for incentives; pre-registration will open within weeks. INX is planned to be officially generated and listed for circulation in January 2026. The platform integrates wallet, trading, prediction, and cross-chain functions, aiming to create a next-generation Web3 gateway. The UK tax authorities adopted the "no profit, no loss" tax treatment for DeFi, which the founder of Aave called a major victory for users. Aave founder Stani Kulechov posted that the UK's HM Revenue and Customs (HMRC) has released the results of its tax consultation on DeFi lending and staking activities, proposing a "No Gain No Loss" (NGNL) tax treatment. This means that when users deposit crypto assets into protocols like Aave, it will not be considered a capital gain disposal. If this policy is legislated, it will greatly simplify the reporting burden for users and is considered a significant victory for DeFi users. The Aave team participated in the consultation process and pushed for this policy to reflect the economic substance of on-chain interactions. The USDC Treasury minted an additional 750 million USDC on the Solana blockchain. According to Whale Alert monitoring, at 20:23, 20:24 and 20:25 (UTC+8), USDC Treasury minted 250 million USDC on the Solana chain each time, with a total value of $750 million. The Bhutanese government pledged 320 ETH, equivalent to approximately US$970,000. According to OnchainLens, the Royal Government of Bhutan has staked 320 ETH, or approximately $970,000, on the Ethereum 2.0 network Figment. Avenir Group and its charitable foundation announced a donation of HK$10 million to support fire relief efforts in Tai Po, Hong Kong. Avenir Group and its charitable foundation, Avenir Foundation, announced a donation of HK$10 million to support emergency relief, resettlement of affected residents, and community recovery efforts following the fire in Tai Po District. The donation will be used to provide immediate support, including basic necessities, temporary accommodation, and assistance with subsequent community reconstruction, aiming to provide tangible assistance to affected families and help the community return to normalcy as quickly as possible. Binance Alpha integrates with the Arbitrum chain, and a new batch of Alpha projects are launched. According to a Binance announcement, Binance Alpha now supports the Arbitrum chain. Users can purchase the token through the "Markets" - "Alpha" - "Arbitrum" tab in the Binance App or Binance Wallet. The official announcement also states that an exclusive trading competition and token airdrop for the Arbitrum chain will be launched; specific rules and event schedules will be announced separately. Eligibility is granted through trading via Binance Alpha or a keyless wallet. SuperFortune will provide 5% of the total MANTA tokens as mining rewards to MANTA token stakers. Superfortune's token, GUA, has officially launched on Binance Alpha. As the first Web3 project incubated by Manta Network, according to its token economic model, 5% of Superfortune's total token supply will be used as mining rewards for MANTA stakers. A snapshot of GUA TGE will be taken in 3 weeks, and rewards will be available one month later, for a period of 25 months. Both on-chain and exchange-based MANTA stakers are eligible. US stock and bond markets are closed today; trading in gold, silver, and oil has ended early. Due to the Thanksgiving holiday in the United States (November 27), US stock and bond markets will be closed today and will close early tomorrow (November 28). Today, trading in CME Group's precious metals and US crude oil futures contracts will end early at 03:30 Beijing time on November 28, and trading in stock index futures contracts will end early at 02:00 Beijing time on November 28. Trading in ICE Brent crude oil futures contracts will end early at 02:30 Beijing time on November 28.

Author: PANews

2025/11/28

Bird, dance, and Ibaloy life: A look at Kabayan, Benguet’s Kiling Festival

Bird, dance, and Ibaloy life: A look at Kabayan, Benguet’s Kiling Festival

VIBRANT. Dancers in vibrant Benguet weave perform a modern ethno-cultural number inspired by the kiling’s rhythms, blending contemporary movement with traditional Ibaloy motifs during Kabayan’s 4th Kiling Festival. Mia Magdalena Fokno/Rappler

Author: Rappler

2025/11/28

Aave Whale Buys 60.07 WBTC at $91,242.6 After Borrowing 5.5M USDT; Now 375.07 WBTC Collateralized and 22.48M USDT Borrowed

Aave Whale Buys 60.07 WBTC at $91,242.6 After Borrowing 5.5M USDT; Now 375.07 WBTC Collateralized and 22.48M USDT Borrowed

The post Aave Whale Buys 60.07 WBTC at $91,242.6 After Borrowing 5.5M USDT; Now 375.07 WBTC Collateralized and 22.48M USDT Borrowed appeared on BitcoinEthereumNews.com. According to a late‑November on‑chain brief monitored by analyst AI Auntie, a single whale moved decisively on the Aave platform. Over a three‑hour window, the address borrowed 5.5 million USDT, redeployed the funds, and executed a sizable WBTC purchase of 60.07 WBTC at an average price of $91,242.60. The operation underscores active BTC exposure via wrapped assets and reflects meaningful liquidity activity within DeFi lending markets. Current on‑chain tallies show the same address holding a substantial WBTC collateral position: 375.07 WBTC pledged on Aave, with 22.48 million USDT borrowed. The ratio implies a leveraged bitcoin strategy through collateralized lending and aligns with ongoing risk‑management considerations in the crypto capital markets. Source: https://en.coinotag.com/breakingnews/aave-whale-buys-60-07-wbtc-at-91242-6-after-borrowing-5-5m-usdt-now-375-07-wbtc-collateralized-and-22-48m-usdt-borrowed

Author: BitcoinEthereumNews

2025/11/28

PBOC sets USD/CNY reference rate at 7.0789 vs. 7.0779 previous

PBOC sets USD/CNY reference rate at 7.0789 vs. 7.0779 previous

The post PBOC sets USD/CNY reference rate at 7.0789 vs. 7.0779 previous appeared on BitcoinEthereumNews.com. On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0789 compared to the previous day’s fix of 7.0779 and 7.0769 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC’s management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts. Unlike the Western economies, the PBoC uses a broader set of monetary policy instruments to achieve its objectives. The primary tools include a seven-day Reverse Repo Rate (RRR), Medium-term Lending Facility (MLF), foreign exchange interventions and Reserve Requirement Ratio (RRR). However, The Loan Prime Rate (LPR) is China’s benchmark interest rate. Changes to the LPR directly influence the rates that need to be paid in the market for loans and mortgages and the interest paid on savings. By changing the LPR, China’s central bank can also influence the exchange rates of the Chinese Renminbi. Yes, China has 19 private banks – a small fraction of the financial system. The largest private banks are digital lenders WeBank and MYbank, which are backed by tech giants Tencent and Ant Group, per The Straits Times. In 2014, China allowed domestic lenders fully capitalized by private funds to operate in the state-dominated financial sector. Source: https://www.fxstreet.com/news/pboc-sets-usd-cny-reference-rate-at-70789-vs-70779-previous-202511280115

Author: BitcoinEthereumNews

2025/11/28

When Fintech Companies Discover Their IT Infrastructure Is Actually Their Competitive Moat

When Fintech Companies Discover Their IT Infrastructure Is Actually Their Competitive Moat

The fintech revolution promised to democratize finance, yet here’s the uncomfortable truth nobody discusses at industry conferences: enterprise IT solutions and comprehensive IT infrastructure services have become the invisible dividing line between fintech unicorns and the countless startups that never make it past Series A. Not the flashy AI algorithms or the slick user interfaces […] The post When Fintech Companies Discover Their IT Infrastructure Is Actually Their Competitive Moat appeared first on TechBullion.

Author: Techbullion

2025/11/28

Top Crypto Savings Accounts in Australia

Top Crypto Savings Accounts in Australia

Crypto savings accounts are a popular type of investment product that allow anyone to deposit crypto and earn interest on them over time. Instead of earning a lower rate on cash like in a regular savings account in the bank, you can earn a higher yield on your crypto by depositing them into a yield-generating […] The post Top Crypto Savings Accounts in Australia appeared first on Crypto News Australia.

Author: Cryptonews AU

2025/11/28

How AAVE maintains $100M yearly revenue despite $60B DeFi wipeout

How AAVE maintains $100M yearly revenue despite $60B DeFi wipeout

The post How AAVE maintains $100M yearly revenue despite $60B DeFi wipeout appeared on BitcoinEthereumNews.com. Journalist Posted: November 28, 2025 Key Takeaways How is AAVE performing amid broader DeFi market turbulence? Despite $10 billion in outflows and a 40% annual price drop, AAVE continues to generate over $100 million in annual revenue. What needs to happen for the altcoin to regain momentum? The altcoin must break above the $190 resistance level. Its steady revenue supports a potential rebound if market sentiment improves. The market FUD hasn’t spared the DeFi ecosystem.  According to DeFiLlama, investors withdrew nearly $60 billion across protocols, pushing total TVL down to early-July levels of around $120 billion. Aave [AAVE] was no exception, seeing about $10 billion in outflows. And yet, AAVE is still generating over $100 million in annual revenue, with weekly revenues averaging about $3 million, highlighting the protocol’s resilience despite market turbulence. Source: DeFiLlama Notably, its latest income statement reports the highest five-year revenue, and total fees reached $740 million, proving that activity on the platform remains strong despite broader DeFi outflows. In short, AAVE holds strong.  Even as the broader DeFi market loses billions, the protocol continues to generate substantial revenue and maintain robust fee activity, cementing its position as one of the most resilient platforms in the space. Resistance remains heavy as AAVE momentum stalls AAVE’s technical structure reflects the broader market FUD. Quarterly, the token is down over 30%. Yearly, it stands out as one of the weakest performers among major DeFi assets, sliding nearly 40%. This puts AAVE in a vulnerable spot heading into the year-end. And while the protocol’s fundamentals look solid, the chart isn’t reflecting it. On the daily timeframe, flipping the $190 resistance won’t be easy. Momentum is still soft, and buyers haven’t shown enough conviction yet. Source: TradingView (AAVE/USDT) Going forward, AAVE needs a break above resistance to flip momentum.  In…

Author: BitcoinEthereumNews

2025/11/28

Recommended by active authors

BitcoinEthereumNews
BitcoinEthereumNews
5076Articles
Cryptopolitan
Cryptopolitan
1123Articles
Coinstats
Coinstats
1008Articles
PANews
PANews
982Articles

Related Tags

#Oracle#Brifge#Yield-Farming#Basis-Trading#Prediction-Market#Launchpad#Liquid-Staking#DePIN#RWA

Latest Articles

Martha Gimbel: Delayed economic policies demand long-term thinking

Martha Gimbel: Delayed economic policies demand long-term thinking

2026/02/17 01:14
PI Rockets, Then Pulls Back: What’s Driving the Swings?

PI Rockets, Then Pulls Back: What’s Driving the Swings?

2026/02/17 00:58
YZi Labs files to expand the size of CEA Industries board in latest BNB treasury fallout

YZi Labs files to expand the size of CEA Industries board in latest BNB treasury fallout

2026/02/17 00:48
Why is YZi Labs trying to change the board of CEA Industries?

Why is YZi Labs trying to change the board of CEA Industries?

2026/02/17 00:40
What is DCA in Crypto? A 2026 Guide to Smart Investing

What is DCA in Crypto? A 2026 Guide to Smart Investing

2026/02/17 00:14