Aave’s USDT liquidity dropped sharply to under $100 million after a wallet tied to HTX, a crypto exchange associated with Justin Sun, withdrew $570 million from the lending pool within three hours. The withdrawal caused USDT interest rates on Aave to surge, with deposit rates jumping from 3.8% to 29% and borrowing rates climbing from 4.4% to 33.6%. Analysts noted the high utilization could trap large depositors, but Aave’s Marc Zeller downplayed concerns, calling it a ‘small liquidity crush’ and expressing confidence in a quick resolution. Meanwhile, AAVE’s price dipped over 4%, though the protocol remains dominant in DeFi with over $40 billion in total value locked (TVL). The Ethereum Foundation’s recent $2 million loan via Aave underscores institutional confidence despite short-term liquidity stress.
about Aave's USDT Liquidity Drops After $570M Justin Sun-Linked WithdrawalEmberCN
0 in Finance and 0 in Crypto last weekCrypto Whale Bets $830M on Bitcoin with 40x Leverage
James Wynn, a prominent crypto whale, has placed a staggering $830 million leveraged long position on Bitcoin through Hyperliquid, a decentralized derivatives exchange. The 40x leveraged bet, involving 7,764 BTC, is one of the largest ever recorded on the platform. While Wynn partially reduced his exposure to $430 million within 90 minutes, he quickly re-entered as Bitcoin’s price approached his entry level. This bullish stance contrasts with other whales, like Qwatio, who are shorting BTC. The move comes amid strong market optimism, with Bitcoin breaking past $106,000 resistance and 99% of holders now in profit. Additionally, US spot Bitcoin ETFs have seen nearly $7 billion in net inflows since April, fueling speculation of a new all-time high above $110,000.
about Crypto Whale Bets $830M on Bitcoin with 40x LeverageMikami Memecoin Raises Millions Despite Warnings
Yua Mikami, a Japanese adult film star and pop singer, has launched a memecoin on Solana, raising over $2.9 million in its presale despite concerns about its structure. The presale, announced on her X account with 8.2 million followers, lacks a fixed exchange rate or fundraising cap, leading to potential risks for investors. Blockchain analyst EmberCN flagged issues, including participants sending SOL directly from centralized exchanges despite warnings, and the absence of a refund mechanism. Meanwhile, an Alibaba subsidiary’s Ethereum Layer 2 solution claims to offer 100,000 transactions per second, highlighting the rapid evolution of blockchain scalability solutions.
about Mikami Memecoin Raises Millions Despite WarningsTrump Memecoin Wallet Moves $20M to Exchanges Amid Price Dip
A wallet reportedly tied to the Donald Trump memecoin project transferred 1.346 million TRUMP tokens ($19.53M) to Binance, OKX, and Bybit, according to on-chain analyst EmberCN. The wallet, holding over $150M in TRUMP tokens, may signal insider sales, as the token’s price dropped 9% to $13.78. The transfers follow a surge in TRUMP’s trading volume—up 200% after an exclusive Trump dinner announcement—with 10,000 wallets generating $2.4B in on-chain activity. Kaiko data shows TRUMP dominated 50% of memecoin trading volume post-announcement, though activity has since cooled. The top 220 TRUMP holders by May 12 will qualify for the dinner, with current leader ‘Sun’ holding over 1M tokens.
about Trump Memecoin Wallet Moves $20M to Exchanges Amid Price DipMELANIA Token Scrutinized Over $18M Developer Sell-Off
The MELANIA token, a memecoin associated with former US First Lady Melania Trump, is under investigation after blockchain data suggested developers executed large-scale sell-offs. Analysts report that over 31 million tokens were converted into 138,800 SOL (worth $18.4M), causing a 96% price drop from its peak of $13 to $0.38. The transactions, conducted via unilateral liquidity provisioning, bypassed traditional buyer-seller dynamics, raising red flags about market manipulation. Despite a slight 14% rebound to $0.5223, the token remains volatile amid ongoing scrutiny.
about MELANIA Token Scrutinized Over $18M Developer Sell-OffBybit Hack: Attacker Launders 224 Million in 60 Hours
The hacker behind the Bybit exploit has laundered 18% of the stolen $1.4 billion in just 60 hours, converting 89,500 ETH valued at $224 million primarily through THORChain. The attacker executes two to three transactions per minute, with a 15-minute break every 45 minutes, suggesting manual laundering efforts. Meanwhile, Bybit is actively working with law enforcement and cybersecurity firms to track and recover the stolen funds.
about Bybit Hack: Attacker Launders 224 Million in 60 HoursMelania Token Unlock Scheduled Amid Market Volatility and Selling Pressure
The MELANIA meme coin, launched by First Lady Melania Trump, will unlock 3% of its total supply, equating to 30 million tokens worth approximately $39 million, on February 19-20. Following this initial unlock, 2.25% will be released monthly for the next year, totaling 30% over 13 months. The token has seen significant volatility, dropping over 90% from its launch peak, and the upcoming unlocks could increase selling pressure in an already bearish market, with over $649 million in total token unlocks expected across various cryptocurrencies.
about Melania Token Unlock Scheduled Amid Market Volatility and Selling Pressure