Ethena Pay Adds Earn+ Through Aave V4 Lending on Avalanche
TL;DR: Ethena Pay’s Earn+ routes deposits into an Upshift vault curated by Steakhouse and using Aave V4 on Avalanche. The layered structure...
Morning market briefing
Binance hack follow-through dominates the open, with XRP movements, ETF outflows and exchange withdrawals setting the risk tone before policy and DeFi updates.
TL;DR: Ethena Pay’s Earn+ routes deposits into an Upshift vault curated by Steakhouse and using Aave V4 on Avalanche. The layered structure...
Executive scan
Crypto starts the day still trading around the aftershocks of Binance’s reported $6.3 billion hack. Coverage is focused on stolen XRP being split across six wallets, $242 million reportedly moving through Tron, and 18,270 stolen BTC sitting visibly on-chain. Binance has restored withdrawals on 15 networks, while sources report heavy net outflows and efforts to cover most stolen tokens.
The market read-through is broader than one venue. U.S. spot bitcoin ETFs saw $643 million in Friday outflows, the largest daily drawdown since June 25, while Bitcoin was reported clawing back toward $79,000. Away from incident response, Circle is pressing the SEC on payment-stablecoin cash treatment, Ethena Pay added Earn+ through Aave V4 on Avalanche, and the Bank of Korea is surveying financial firms on crypto shock scenarios.
Market read
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Main signals
The six recipients showed no outgoing payments, but native XRP cannot be frozen by Ripple, leaving exchanges as a potential interc...
The Binance hacker has moved all 233.46 million stolen XRP, worth about $293 million, into six new wallets. The coins had sat unto...
TL;DR: Circle’s comment letter asks the SEC to align its crypto-asset proposal with payment-stablecoin rules. The company’s reques...
The first trading day after the Binance hack saw the biggest ETF outflow since June 25.
The incident underscores the vulnerability of centralized exchanges, highlighting the need for robust security measures and regula...
The incident highlights the immutable transparency of blockchain, where stolen assets remain visible yet untouchable, affecting us...
The 19 wallets holding 18,270 stolen BTC have taken in nothing since Thursday except payments worth under a dollar, each carrying...
Key Takeaways: Binance was able to resume withdrawals for 15 blockchain networks. More than $5.8 billion in net withdrawals were s...
Market watch
Watch ETF flow follow-through, Binance withdrawal data and whether BTC’s rebound toward $79,000 holds liquidity attention.
Policy and risk
Policy risk is tied to stablecoin accounting treatment, Korea’s crypto shock work and exchange-security scrutiny after the Binance breach.
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