Aevo’s decentralized derivatives exchange delivers PERPS+ to mobile traders, achieving full feature parity with desktop. Downside protection on perpetual futures is now available in one tap from a phone.
Aevo, the decentralized derivatives exchange with more than $10 billion in options volume since 2020, has made PERPS+ available on mobile. The update adds protection directly to a perpetual futures position at entry, where the trader selects a mode, defines the level, and Aevo executes the full position in a single tap. No options knowledge is needed. With this release, Aevo’s mobile platform now mirrors its desktop experience completely.
Traders can download the Aevo app on the App Store and Google Play for the full mobile experience (currently not available to U.S. or U.K. persons).
Aevo has a track record of building products the rest of the market eventually adopts. PERPS+ on mobile is the latest example. Risk-defined positions once required either a professional options desk or a DeFi vault with fixed parameters. They now require a single tap.
Built first, copied later Aevo’s technical foundation helped shape how decentralized derivatives are built today. A custom Ethereum layer-2 combines an off-chain order book with on-chain settlement, delivering centralized-exchange execution speeds without requiring traders to give up custody. That architecture has since been widely replicated across the decentralized derivatives space.
Aevo also introduced aeUSD, a yield-bearing stablecoin designed specifically as trading collateral. With nearly two years of live production history, it ranks among the most battle-tested yield-bearing collateral assets in DeFi. Collateral earns passively whether positions are open or flat.
Everything runs inside a single cross-margin account: options, perps, and structured products sharing one collateral pool. Delivering decentralized options at exchange scale remains a technical challenge most venues have not solved.
PERPS+: protection built in, no options knowledge required The barrier has always been the same. Options provide genuine risk management, loss caps, upfront income, and defined entry parameters, but strikes, expiries, and premium calculations push most perps traders away. The result is a majority of leveraged traders running positions with no protection at all.
PERPS+ removes the interface barrier. Traders choose from three enhancers:
Limit My Loss defines the maximum loss at entry, with the downside capped and the upside remaining fully open. Get Paid to Hold delivers an upfront premium immediately, in exchange for a defined profit ceiling. Lock My Range sets both the floor and the ceiling on a position for approximately zero net cost. PERPS+ is currently available on BTC and ETH perpetual futures.
The trader selects the protection level. Aevo handles the structuring, pricing, and execution in one tap.
Aevo spokesperson said “Onchain options have been called the next big thing every year since 2021. And every year, they’ve failed to become it… So we thought, what if getting options-level protection felt exactly like trading a perp? That’s PERPS+”.
PERPS+ addresses two distinct trader profiles. The first is the perps trader who has never used options, where they gain one-tap protection on positions they were already planning to open. The second is the DeFi vault depositor who wants structured exposure but without fixed vault terms, as PERPS+ gives them the same vault-like payoff structure with full control over their own parameters.
PERPS+ is live across web and mobile. The feature launched on web first and is now fully available on both platforms.
Protection that travels Closing a position from a phone has always been possible. Opening one with a defined floor already built in has not, until now. Aevo mobile makes that a one-tap action, on a mobile derivatives exchange with full desktop parity.
A token with a shrinking supply The AEVO token has been fully distributed since mid-2025, when the final scheduled unlock completed. No vesting cliffs ahead. No investor unlock events. No dilution overhang.
74 million AEVO have been permanently removed from circulation to date through a recurring monthly buyback and burn, funded entirely by real exchange revenue. The supply mechanic makes the token deflationary. Stakers receive monthly Uniswap V3 LP positions in the AEVO/USDC pool, earning swap fees that compound as long as the position is held.
The result: no unlock calendar to trade against, and a deflationary supply that shrinks as the exchange earns.
About Aevo PERPS+ and the full mobile experience are live at www.aevo.xyz. Technical documentation is on Aevo Docs.
The decentralized derivatives exchange launches PERPS+ on mobile and confirms full feature parity with desktop. Protected perps can now be managed on the move with Aevo.
Aevo, the decentralized derivatives exchange with more than $10 billion in options volume since 2020, has launched PERPS+ on mobile. The feature adds protection directly to a perp at entry, where the trader picks a mode, sets the level, and Aevo executes the combined position in one tap with no options knowledge required. The launch also marks a milestone: Aevo’s mobile experience now matches desktop feature for feature.
Traders can download the Aevo app on the App Store and Google Play for the full mobile experience (currently not available to U.S. or U.K. persons).
Aevo has a habit of building things the rest of the market copies later. PERPS+ on mobile continues that run. Structured, options-protected positions once required an options desk or a rigid DeFi vault. Now they execute in one tap from a phone.
Built first, copied later Aevo’s architecture set the template much of decentralized derivatives now runs on. Its custom Ethereum layer-2 pairs an off-chain order book with on-chain settlement, giving traders centralized-exchange speed while they keep custody of their funds. That hybrid model has since become the dominant design for decentralized perps with options.
Then there is aeUSD, the yield-bearing stablecoin Aevo built as trading collateral. It has been live in production for almost two years, making it one of the most battle-tested yield-bearing collateral assets in DeFi. Margin earns while positions are open, quietly earning traders yield.
All of it sits in one cross-margin account: options, perps and structured products together. Running decentralized options at exchange scale is hard, and most venues still cannot offer the combination natively.
PERPS+: options power, zero options knowledge The problem is old and stubborn. Options can cap losses, generate income or define risk before entry. But strikes, expiries and premiums scare most perps traders off, so the majority run fully unprotected positions.
PERPS+ handles the options leg automatically. Traders pick one of three enhancers:
“Limit My Loss “caps maximum loss at a set amount, with the downside defined at entry and the upside left completely uncapped. “Get Paid to Hold” pays a guaranteed upfront premium in exchange for capped upside. “Lock My Range” caps both loss and profit, giving a fully defined risk-to-reward ratio for close to zero upfront cost. PERPS+ is currently available on BTC and ETH perpetual futures.
The trader sets the protection level. Aevo structures, prices and executes the combined position in one tap.
PERPS+ serves two audiences. Audience 1: Perps traders who have never touched options get one-click protection on trades they were already going to make. Audience 2: DeFi vault depositors get tailor-made, vault-like strategies with the freedom to set their own parameters instead of accepting fixed vault terms.
PERPS+ is live on both web and mobile. The feature launched first on web and is now fully available across both platforms.
Protection that travels Traders have always been able to close positions from their phones. What they could not do is open a perp with a defined floor already built in, protection that limits losses automatically if the position moves against them. Aevo mobile makes that a one-tap action, on the only mobile derivatives exchange with full desktop parity.
A clean token with a shrinking supply The AEVO token has been fully distributed since mid-2025, when the final scheduled unlock completed. No vesting cliffs ahead. No investor unlock events. No dilution overhang.
On top of that, 74 million AEVO have been permanently removed from circulation to date through a recurring monthly buyback and burn, funded entirely by real exchange revenue, which buys AEVO on the open market and permanently removes it from circulation. The supply mechanic makes the token deflationary. Stakers receive monthly Uniswap V3 LP positions in the AEVO/USDC pool, earning swap fees that compound as long as the position is held.
The result: no unlock calendar to trade against, and a deflationary supply that shrinks as the exchange earns.
Aevo spokesperson said, “Onchain options have been called the next big thing every year since 2021. And every year, they’ve failed to become it… So we thought, what if getting options-level protection felt exactly like trading a perp? That’s PERPS+”.
About Aevo Aevo is the leading decentralized derivatives exchange. The PERPS+ feature is now live with a full mobile experience are live at www.aevo.xyz. Technical documentation is on Aevo Docs.
Perpetual futures are right now crypto’s most active trading category. DefiLlama data showed $21.9 billion in perp DEX volume over 24 hours on July 3, 2026, with open interest across derivatives protocols at about $15.5 billion.
But the market is dominated and defined by Hyperliquid. The exchange led the sector with about $250.5 billion in 30-day perp volume, leaving little serious competition at the top.
That gap explains why new trading chains are still entering the market. The demand is clear, but the winner is not yet protected by regulation, brand loyalty, or deep institutional lock-in.
AFX is one of the newer challengers. It is a sovereign Layer 1 built around perpetual futures, with a fully on-chain order book, on-chain matching and settlement, zero-gas execution, 100ms median latency, fair ordering, and MEV-resistant protection.
On paper, the pitch is long. But the actual goal is simple: give traders Hyperliquid-style speed and liquidity, but with more of the trading stack moved fully on-chain.
AFX Daily Perp Volume and TVL. Source: DeFiLlama PlatformCore modelWhat it has provedWhere AFX differsHyperliquidCustom trading L1Deep perp liquidity and strong trader adoptionAFX follows a similar trading-chain thesis, but from a much earlier basedYdX ChainCosmos-based appchainPerp DEXs can leave shared execution environmentsAFX pushes more of the order flow and matching process on-chainGMXPooled liquidity and oracle pricingTraders will use pool-backed leverage without a central order bookAFX is built around exchange-style order book tradingDriftSolana-native hybrid modelFast execution can support active perp tradingAFX uses a sovereign L1 rather than Solana infrastructureLighterZK-verified derivativesVerification can become part of exchange designAll fees are redistributed to usersAevoRollup-based derivativesDerivatives can run through a dedicated rollupAFX takes the more vertically controlled L1 route The comparison is not whether AFX has more features than these platforms. The real question is whether its design solves the problems that matter during live trading: fast order placement, reliable cancels, deep maker liquidity, stable liquidations, and predictable execution when markets move sharply.
AFX Vs. Hyperliquid and dYdX AFX sits closest to Hyperliquid and dYdX, but the comparison is practical rather than one-to-one.
Hyperliquid is the liquidity benchmark. It has already proved that a custom trading L1 can attract serious perp volume, open interest, and trader mindshare.
AFX follows a similar high-performance trading-chain thesis, with 100ms median latency, zero-gas execution, on-chain orderbook trading, and deterministic ordering. Its challenge is proof: deeper liquidity, more market makers, and a longer record during volatile markets.
We didn't build another app.
We built the chain beneath it.
A sovereign Layer 1 where execution, settlement and risk management all happen fully onchain.
Designed for professional traders.
Ready for autonomous AI agents.
The next generation of perp trading starts here.… pic.twitter.com/JwSqMEeU9v
— AFX Trade (@AFX_XYZ) July 7, 2026 dYdX is the architecture benchmark. Its Cosmos-based chain uses in-memory orderbooks to keep trading fast while blocks sync the final state.
AFX pushes more of the trading process on-chain, including order placement, matching, and settlement. That gives traders more visible execution data, but it also raises the performance test.
Perp traders punish slow cancels, delayed matching, and weak liquidation systems quickly.
AFX Versus Lighter, Drift, and Aevo Lighter, Drift, and Aevo really show how varied the perp DEX field has become:
Lighter emphasizes ZK verification for matching and liquidations; Drift uses Solana-native execution with a hybrid system combining an AMM and a central limit orderbook; Aevo uses an EVM-based optimistic rollup for derivatives trading. AFX differs through vertical control. It uses a trading-specific L1 and aims to coordinate consensus, orderbook execution, settlement, margin, liquidation, APIs, and trader UX inside one dedicated system.
This is also where the AI-agent angle becomes important. AFX offers agent wallets that can place, cancel, and modify orders, update leverage and margin mode, and receive private WebSocket data.
Moreover, users can limit agent permissions for withdrawals, transfers, agent authorization, revocation, and vault operations.
Risk Design During Market Stress Perp DEX quality becomes visible during volatile markets. Mark-price design, liquidation mechanics, and backstop liquidity determine whether traders face orderly execution or unstable loss socialization. A strong venue needs risk controls able to hold up when price moves become fast, liquidity thins, and leverage unwinds at once.
AFX highlights several risk controls: manipulation-resistant mark pricing based on native orderbook data and external exchange feeds, staged liquidations, backstop liquidity through its vault, and capped open interest per market.
Security also deserves a word. Zellic’s public audit repository lists an AFX Bridge audit from May 2026 on EVM, which supports mention of a third-party audit for the bridge scope.
A Note on Incentives and Trader Alignment Perp DEXs often compete through points, rebates, fee tiers, maker rewards, vault yield, and revenue sharing. These tools can seed order flow, attract market makers, and reward active traders, although long-term value depends on sticky liquidity after rewards cool.
AFX’s VIP Program is a great example, where high-volume traders can receive lower fees and a share of platform fee revenue, with 30% to 50% of protocol revenue allocated across eligible tiers.
Importantly, AFX’s revenue sharing may help attract professional traders, but its durability will depend on execution quality, spreads, open interest, trader retention and more.
AFX Tokenomics and Community Distribution AFX’s tokenomics also support its active-trader positioning. The model is built around community distribution first, with 73% of the 1 billion token supply allocated across genesis distribution, protocol incentives, core community, and ecosystem development.
The largest single bucket is protocol incentives at 30%, which means the token model is designed to reward ongoing trading activity, liquidity participation, and node staking rather than only early access.
Genesis distribution accounts for 27% of supply and is fully unlocked at TGE, creating meaningful early float from day one instead of concentrating liquidity around delayed unlocks.
How AFX Promises to Distribute Its Revenue. Source: Medium AFX also has no VC allocation and no private rounds, which gives the token model a user-participation angle rather than a private-investor allocation structure. Core contributors receive 19% of supply, but this allocation has no TGE unlock, a one-year cliff, and 36-month linear vesting. This ties contributor incentives to longer-term protocol development rather than immediate liquidity.
The treasury allocation is set at 8% and is intended for compliance, infrastructure, and risk reserve needs under governance and foundation discretion. Points also connect current user activity with future token distribution, with a fixed 10 million-point pool across three seasons and conversion expected at TGE.
Who AFX Is Really Built For AFX makes the most sense for traders who care about execution control rather than simple leveraged exposure.
Active perp traders who want order book trading, fast order placement, and more control over entries, exits, and cancellations. Market makers and high-volume traders who need low fees, API access, predictable sequencing, and enough technical transparency to monitor execution quality. On-chain-native traders who prefer public settlement, visible order flow, and a trading stack that keeps more of the exchange process on-chain. Automated strategy builders who want agent wallets, private WebSocket data, and permission controls for bots or AI-assisted trading systems. Traders looking beyond crypto pairs who want perpetual exposure to stocks, indices, metals, and commodities inside a crypto-native venue. AFX is less suitable for casual users, passive DeFi investors, or traders who only want a simple leverage product with minimal setup. It is also not the obvious first choice for users who prioritise the deepest existing liquidity, the longest operating history, or the broadest stress-tested track record.
For those traders, Hyperliquid, dYdX, or GMX may still feel safer until AFX proves its liquidity, uptime, and liquidation design across more volatile market cycles.
The open issue is proof. AFX has early volume, a defined technical thesis, and a set of features aimed at active traders, but the strongest perp venues are judged over time. Liquidity depth, uptime during volatility, liquidation behavior, independent audits, and trader retention will matter more than launch metrics.
The venture capital arm of the world’s largest crypto exchange by trading volume is announcing a new investment in a decentralized exchange (DEX) protocol.
According to a new press release, Binance Labs has invested in a layer-2 (L2) DEX called Aevo, a rebrand of Ribbon Finance.
[adinserter block="1"]
Aevo bills itself as a high-performance derivatives DEX platform tailored for futures and perpetual contracts trading.
The decentralized finance (DeFi) protocol is built on top of the Ethereum (ETH) layer-2 protocol Optimism’s (OP) OP Stack. It acts as an off-chain order book, with orders settled on-chain on Ethereum. The protocol uses Celestia (TIA) as a high-throughput data availability (DA) layer to increase scalability. The project is also backed by Paradigm, Dragonfly and Coinbase Ventures.
According to the announcement, Aevo plans to use the investment to grow the ecosystem and its community, which already has over 50,000 monthly active users who have done more than $80 billion in derivatives volume.
“As part of the future roadmap, Aevo will launch vault strategies, yield products, and Aevo staking. It will expand its ecosystem of derivative products by allowing builders to deploy their dApps permissionlessly on Aevo L2 to leverage its growing user base and unique features.”
Binance Labs is the accelerator and venture capital arm of Binance.
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
The coins that are in trend this week are Solana (SOL), Voxies (VOXEL), Mallconomy (WOOT), Aevo (AEVO), and Hooked Protocol (HOOK). While the broader crypto market is moving steadily with no significant price spikes and no drops, Solana (SOL) is leading with its incredible price surge of 13.14% in the last 7 days. Voxies (VOXEL) and Hooked Protocol (HOOK) are following the lead with more than 3% and 7% gains, respectively.
Let us take a close look at the top 5 crypto gainers of today.
1. Solana
Solana is among most popular cryptocurrency that holds brilliant future perspective. It is a platform aims for improving scalability of decentralized applications. It is designed to improve speed to establish itself as a better blockchain than Bitcoin and Ethereum. Moreover, the consensus mechanism of Solana has added fuel to the fire. It is a combination of Proof of Stake and Proof of history that makes Solana ecosystem unique.
If you look at the last 7 days chart, Solana has marked an exemplary movement in the chart. The price has moved from $131 to $153, reflecting a 16% hike in a week’s time. The chart movement is showing a ascending triangle pattern reflecting a profit target. This could be the time for sellers to step in and draw profit. The marketcap of Solana is at $69,019,912,555 and 24hr volume is at $2,507,312,906.
2.Voxies
Voxies is a 3D RPG game developed on blockchain. It is a multiplayer game offering NFT ownership to the players. Voxies is a free to play game with multiple features that will soon explode in the gamefi world. Voxies owned the NFTs and traded in the game using the VOXEL token. It is used in the marketplace to buy gear, NFT items, characters, and to take part in in-game activities such as crafting and Player vs. Player (PvP) matches. In-game goods are also represented as NFTs, allowing for trading on secondary NFT markets.
The coin has shown a dramatic improvement in last 7 days. The price moved from $0.23 to $0.27. The first few days, Voxies showed a sluggish move in the first few days but soon reflected spike in price. If we talk about intraday movement, the coin is experiencing a 3.12% plunge. The marketcap is at $46,615,314 where 24hr volume $4,968,432.
3.Mallconomy The introduction of Mallconomy brought about a revolution in the metaverse. It is a one-stop shop for all metaverse and Web 3.0 solutions. This is where brands, metaverse creators, and other builders can get the most out of Mallconomy. Together, it provides a dynamic, immersive Gamefi Economy. Mallconomy opens up a world of opportunities for a thriving community. The platform provides a bustling metaverse haven for everyone from storefront proprietors managing their businesses to engaged visitors exploring the mallverse. With cutting-edge features like the Launchpad and Rewards App, Mallconomy’s impact keeps growing and encourages teamwork, innovation, and fair rewards.
4.Aevo
Aevo is among most trending coins in the crypto domain. After Bitcoin, Aevo has garnered maximum traction. The coin holds high expectations for traders as the project behind it is spectacular. Aevo is a decentralized exchange that focuses on perpetuals, options, and pre-launch trading.
Aevo operates on Layer 2 based on the optimism stack. With its help, Aevo can handle more than 5,000 transactions per second and handle more than $30 billion in trading volume.
The coin is presently at $1.73. A week ago, the coin was at $1.5, and if compared with today’s price, it has escalated drastically. The market dominance has recently lifted, and it is assumed that the coin will climb more. The marketcap of Aevo is $189,943,223, 24hr volume is $77,756,719.
5.Hooked Protocol
Hooked Protocol is a revolutionary concept of edutainment. It aims to onramp people and introduce the prospects of Web 3.0. It is a social learning environment that provides a learn and earn experience. It was created for a fast-paced setting where decentralized apps and infrastructures would eventually be onboarded (DApps). Hooked Protocol seeks to create an ecosystem of community-owned economics by assisting more businesses in joining Web 3. In order to address these issues and inspire more people to begin their Web3 journey, Hooked employs an educational strategy.
Hooked tackles these issues and motivates more users to begin their Web3 journey by using an instructional approach. The protocol intends to assist in bringing Web3 widespread adoption to pass through gamified learning opportunities and incentive models.
Hooked protocol was at $0.880 on April 17, 2024. At the time of writing, the coin is at $1. The price escalated to a promising level. The first few days were slow and sluggish but later improved drastically. The coin’s market cap is at $140,891,188 with 24hr volume at $17,039,806.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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As a rising player in the decentralized finance (DeFi) space, Aevo stands out with a strong focus on options and perpetual trading, offering a decentralized derivatives exchange. Supported by the Aevo Layer 2 network, which is an Ethereum $1,663 roll-up based on the OP Stack, the platform aims to provide users with efficient and cost-effective trading solutions. In this article, you’ll find answers to many questions such as what is AEVO, what is AEVO coin, and how to buy AEVO coin, which Binance has announced as its 48th Launchpool project.
Aevo aims to build a DeFi super app, starting with derivatives trading, as part of its inclusive mission. With a comprehensive product suite, including Perpetual Trading, Pre-Launch Trading, and Options Trading across more than 60 markets, Aevo meets the needs of investors and traders who wish to trade derivatives.
Aevo’s technical infrastructure is supported by the Aevo Exchange, operating on the Aevo Layer 2 network. This Ethereum roll-up utilizes the OP Stack while using Conduit to run its infrastructure. Notably, the Aevo Layer 2 network includes Celestia for data availability, a strategic move aimed at reducing on-chain transaction costs for users.
In terms of fundraising, Aevo successfully raised $16.6 million in three funding rounds. During the first round, the project obtained 10% of its fully diluted valuation (FDV) at an $18.5 million valuation, followed by a Series A funding round where 4.62% of FDV was secured at a $130 million valuation. Finally, during the Series A+ funding round, Aevo secured 3.5% of FDV at a $250 million valuation, reflecting growing investor confidence in Aevo’s vision and potential.
AEVO Coin OverviewAevo’s native asset, AEVO coin, extends to various aspects of the platform’s ecosystem. AEVO coin holders have governance power, allowing them to participate in decisions regarding network upgrades, new listings, and overall DAO governance. Additionally, users who stake AEVO coins gain access to discounted trading fees on the Aevo exchange and enhanced rewards through Aevo’s trader reward program.
The maximum supply of AEVO coin is 1 billion, with 45 million coins, representing 4.5% of the total supply, to be distributed through Binance Launchpool. Following the Binance listing, the altcoin’s initial circulating supply will be 110 million AEVO coins, equivalent to 11% of the maximum supply.
Looking ahead, Aevo seems poised to make significant strides in the DeFi space, leveraging its strong technical infrastructure, innovative product offerings, and strategic partnerships. As the platform continues to evolve and expand its user base, it is well-positioned to drive more innovation and transformation within the world of derivatives trading and contribute to DeFi’s ongoing evolution.
How to Buy AEVO Coin?AEVO coin can be bought and sold safely on Binance, the world’s largest cryptocurrency exchange by trading volume. AEVO coin will be listed on Binance on March 13, 2024, and will be available for trading in the AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD, and AEVO/TRY trading pairs.
To purchase AEVO coins, users must first register on the Binance exchange (if they haven’t already). After completing the registration process, funds, whether cryptocurrency or fiat currency like Turkish Lira, must be transferred to the Binance wallet. Once the transfer is complete, AEVO coins can be purchased from any of the five trading pairs listed above.
To buy AEVO coins using the AEVO/USDT trading pair on Binance, first navigate to the trading pair interface. From the limit tab, enter the desired amount of AEVO coins to purchase in the specified field. After entering the amount, complete the purchase by placing a Buy AEVO order.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Aevo has announced the launch of an innovative and groundbreaking airdrop project. With this launch, eligible traders will get a chance to acquire $BLUE tokens as a part of an airdrop on the Sui Network. This advancement is linked to Aevo’s continuous endeavors and Aevo aims to reward early adopters and enhance its ecosystem engagement.
As the $BLUE token is gaining the attraction of crypto traders, the airdrop strives to provide more activity to the growing Sui blockchain. Aevo, an innovative crypto airdrop platform that has announced the airdrop project via its official X account.
Functionality of Aevo’s $BLUE Token Airdrop During the token generation event (TGE), there was a pre-launch of the $BLUE token. The traders who had taken part in the pre-launch will be able to participate in the airdrop. Aevo introduces a straightforward distribution process. After connecting their wallet, via the Aevo platform, the eligible users will give their Sui Wallet address.
With their submission of addresses, the user’s wallets will directly get the airdropped $BLUE tokens within seven days. Aevo highlights Sui Chain as its distributor, giving surety of a seamless and secure $BLUE token transfer. With this advancement, the commitment of Aevo is further reinforced, that is blockchain innovation and convenience of users.
Aevo Reinforces Engagement on Sui Network The $BLUE token as the latest advancement in the Sui ecosystem is highlighting its presence in the blockchain and DeFi communities. The selection of Sui as a base by Aevo underscores the prominent nature of the network. With this advancement, the network is becoming the hub for innovative blockchain projects. Aevo’s position is also solidified by this decision, aiming to boost the adoption and liquidity of its native token, $BLUE. This move will also support the growing Sui blockchain ecosystem.
Aevo’s dedication to the empowerment of its users and its blockchain contribution is highlighted by this airdrop. With this initiative, the $BLUE token is already getting excitement from investors. It is a strategic step by the platform to foster participation and highlight the Sui Ntwork’s capabilities. Aevo encourages traders to act wisely to claim their tokens and participate in this thriving experience of reward-giving.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Key NotesAevo is transitioning to EigenDA for improved data processing and Ethereum integration.The upgrade ensures immediate data updates, reducing execution delays in trades.Aevo’s use of EigenDA guarantees reserved bandwidth and avoids network congestion. Aevo has announced a major upgrade by transitioning to EigenDA for its data availability layer, marking a significant step in improving the trading experience for users. Aevo is a derivatives L2 platform focused on options and perpetual contracts trading, and this change is set to make trading faster, cheaper, and more secure.
Since its inception, Aevo has supported modular blockchains, with Celestia serving as a key partner. The platform noted that, as it continued to grow, it became clear that closer integration with Ethereum’s security, lower operational costs, and faster data processing were essential. EigenDA, a solution that meets these needs perfectly, was selected. Aevo stated:
“From day one, we’ve believed in modular blockchains – Celestia was an incredible partner on that journey. However as we evolve, we need even tighter synergy with Ethereum’s security, lower costs, and near-instant data throughput. EigenDA checks all those boxes.”
How EigenDA Enhances Aevo’s Data Processing and Security The switch to EigenDA will result in immediate data updates, enhancing the speed of trades and reducing execution delays. The technology also integrates Ethereum’s restaking, offering top-tier security and trust for every transaction. With 15 MB/s throughput, the new system ensures swift order processing and a seamless trading experience, while lower operational costs mean tighter spreads and better pricing.
The core benefits of EigenDA include high data throughput, blazing speed, cost efficiency, Ethereum-grade security, and a simplified system architecture that eliminates unnecessary components. These features are designed to create a more efficient, scalable platform for the future of high-performance trading.
EigenDA, a data availability store, also provided more insight into the transition, stating that being on it gives Aevo several exclusive advantages. The platform can implement custom quorums, allowing for potential future AEVO staking to enhance data availability and security. It also ensures reserved bandwidth, guaranteeing no congestion, which ensures smooth operation.
Aevo’s Future-Proofing with EigenDA Integration Built by EigenLabs, EigenDA described Aevo as specifically designed for Ethereum traders, with $95 billion in cumulative trading volume since launch. It’s supported by Binance Labs, Coinbase Ventures, Dragonfly Capital, and Paradigm. The platform also features enshrined oracle protection. EigenDA noted that while it handles data availability, Aevo can focus on enhancing decentralized finance (DeFi).
EigenDA added that Aevo is built to last with EigenDA. As a result, traders using the platform won’t experience high transaction fees, as the cost per trade is extremely low. The platform also doesn’t need to worry about high data costs, as it only costs pennies per megabyte. EigenDA wrote:
“Future-proofed on EigenDA. Traders don’t have to worry about transaction costs for pennies per trade. Aevo doesn’t have to worry about high throughput DA with pennies per MB. All on Ethereum.”
Transitioning to EigenDA positions Aevo as a leader in on-chain derivatives trading, focusing on both current and future scalability. The platform is committed to delivering the fastest, most secure, and most cost-efficient trading experience.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
The digital asset market is always known for bringing new offerings to traders and investors seeking the next big thing. Nillion Network (NIL) is currently gaining crypto users’ interest with its cutting-edge offerings.
Nillion Network pre-listing Today, Aevo announced a pre-listing of the new cryptocurrency, Nillion Network (NIL), on its decentralized crypto launchpad. The pre-listing is a significant event as it provides traders with the opportunity to purchase the asset before it hits prominent trading platforms. This means that during this period, the token will be available through pre-sales, ICOs, and the project’s preferred launchpad platforms.
Typically, pre-listing is an engaging option for experienced and beginner investors for several reasons. First, it allows early investors to acquire the coin at lower prices. Also during this time, the new cryptocurrency projects (like Nillion Network) offer airdrop and potential bonuses to early backers.
For investors to purchase the NIL token before the official listing, they need to visit Aevo and other DEXs, which are set to list the new token before it reaches major CEXs. Users can also access Nillion Network’s social media platforms to find out more about the pre-sales arrangements.
What is NIL? Nillion Network is an extraordinary cryptocurrency because it aims to address challenges that previous crypto tokens have not comprehensively resolved. It is a decentralized cryptocurrency project that offers a secure computation network for running valuable data. As a result, crypto users can engage with the Nillion blockchain by buying NIL tokens. They can use it to secure data and engage in various investment/trading purposes like staking and many others.
While AI tools are useful for users in various ways, concerns arise regarding how much security and privacy users have when using such instruments. Several entities don’t allow staff to use AI instruments like ChatGPT due to risks of data leakage.
Although a key solution to this problem is to encrypt data, this approach normally requires high computational resources, which end up slowing systems’ performance. Also, when data is encrypted and stored, decoding it to carry out essential actions can cause security weaknesses and ineffective data processing.
NIL is a decentralized crypto project that addresses these problems in the Web3 landscape by bringing a secure computation network for running valuable data. In October last year, it raised a whopping $50 million in a funding round which was attended by Big Brain Holdings, Distributed Global, HashKey Capital, and Hack VC.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
The Pectra upgrade introduces expanded blob space, smart accounts, and validator improvements that could significantly impact Ethereum Layer-2 ecosystems. Arbitrum (ARB), StarkNet (STRK), Mantle (MNT), Aevo (AEVO), and Fuel (FUEL) are five key tokens to watch as they stand to benefit from lower data costs, increased scalability, and enhanced functionality.
While all five tokens have recently faced price corrections, on-chain upgrades could act as a tailwind in the coming weeks. Each of these Layer-2s is positioned to gain from Ethereum’s evolving infrastructure—if momentum returns, upside potential is on the table.
Arbitrum (ARB)With expanded blob space and more efficient data availability coming from the Ethereum Pectra upgrade, Arbitrum can reduce its L1 settlement fees and scale more efficiently.
At the same time, EIP-7702 introduces smart account functionality that enables gasless transactions, batching, and simplified onboarding, all of which enhance the experience for developers and end users building on Arbitrum.
ARB Price Analysis. Source: TradingView.Despite these long-term tailwinds, ARB is down over 6% in the past seven days. If the correction continues, price may fall to $0.292 — a key support level — and potentially dip further to $0.27.
However, if ARB regains momentum, the first resistance to watch is $0.315.
A break above that level could open the door for further upside toward $0.345 and, in a stronger bullish scenario, $0.363.
StarkNet (STRK)The Pectra upgrade introduces improvements in data availability and validator operations, which will benefit StarkNet in multiple ways.
Enhanced blob space directly supports cheaper and more scalable calldata posting — a major win for zk-rollups like StarkNet that rely heavily on L1 for data availability.
Additionally, EIP-7002 allows more flexible validator withdrawals, which supports future integrations of re-staking protocols and simplifies cross-chain liquidity movements.
STRK Price Analysis. Source: TradingView.STRK has fallen more than 13.5% in the past seven days, and its EMA lines indicate a downtrend. If this trend continues, the next key support level is around $0.116.
However, if STRK manages to reverse momentum, the first resistance to watch is $0.136. A break above that level could lead to further upside, with STRK potentially testing $0.15 and even $0.161 in a stronger bullish scenario.
Mantle (MNT)The Pectra upgrade brings improvements that could indirectly support Mantle’s modular architecture and staking design. With EIP-7251 raising the validator staking limit, large-scale staking operations become more efficient — a potential benefit for Mantle, which integrates restaked ETH into its ecosystem.
This change simplifies validator management and enhances the economic security of protocols that rely on Ethereum as a base layer.
Additionally, the expansion of blob space contributes to lower L1 data costs, supporting cheaper and more scalable interactions for Mantle’s modular rollups and Layer 2 applications.
MNT Price Analysis. Source: TradingView.MNT formed a death cross a few days ago and is currently down 2.6% over the past seven days, signaling ongoing bearish pressure. Its next key support sits at $0.68, and if that level fails to hold, price could decline further toward $0.652.
On the upside, if MNT reverses course, the first resistance to watch is $0.72.
A successful break above that could trigger a rally toward $0.759, and in a more extended bullish move, MNT may test $0.809.
Aevo (AEVO)Aevo, a high-performance derivatives platform built on Layer 2 infrastructure, stands to benefit from the Pectra upgrade through lower data availability costs and improved scalability.
The expansion of blob space introduced by Pectra reduces calldata fees for L2s, which is crucial for platforms like Aevo that rely on frequent state updates and high transaction throughput. This directly translates to cheaper and faster settlement for perpetuals and options.
Additionally, smart account functionality from EIP-7702 could enable features like gasless trading or streamlined account recovery, enhancing the trading experience and reducing friction for users interacting with Aevo’s contracts.
AEVO Price Analysis. Source: TradingView.AEVO is down nearly 12% over the last seven days, with its price struggling to stay above the $0.10 mark.
If this downtrend continues, the next support is at $0.096 — and a break below that could open the door to deeper declines toward $0.082 and even $0.0756.
On the flip side, if AEVO regains momentum and breaks above the $0.107 resistance, it could rally to test $0.115. A stronger bullish push could extend gains to the next target at $0.121.
Fuel Network (FUEL)Fuel Network, a modular execution layer focused on high throughput and developer flexibility, is well-positioned to benefit from Ethereum’s Pectra upgrade.
The expanded blob space introduced by Pectra significantly reduces the cost of posting data to Ethereum, which is crucial for Fuel’s rollup architecture. This allows Fuel to scale transaction volumes more efficiently while maintaining decentralization.
Additionally, smart account functionality from EIP-7702 aligns with Fuel’s goal of improving UX and developer tooling, enabling more advanced wallet interactions, gasless flows, and streamlined onboarding for users deploying dApps on Fuel’s stack.
FUEL Price Analysis. Source: TradingView.FUEL’s EMA lines remain bullish, with short-term averages still holding above long-term ones, indicating underlying strength. However, the token has struggled to break through the $0.012 resistance in recent days.
If that level is tested again and cleared, FUEL could rally toward $0.0129 and $0.014, with a strong uptrend potentially pushing it back to $0.0163.
On the downside, if momentum fades and FUEL breaks below the $0.010 support, the next targets are $0.0084 and $0.0077.
Aevo, a decentralized derivatives exchange built on a custom Ethereum layer 2, has introduced “Aevo Degen,” a new product offering up to 1000x leverage on tokenized stocks.
The product, which went live on July 8, currently supports Coinbase (COIN), Robinhood (HOOD), MicroStrategy (MSTR), and Circle (CRCL), with more stocks expected to be added. Trades are only available during U.S. stock market hours, and all positions are automatically closed at the end of each trading day.
With a small amount of capital, users can place large directional bets thanks to the product’s design for short-term, high-risk trading. The 1000x leverage enables a trader to control a $100,000 position using just $100. However, on that scale, a single 0.1% move in the wrong direction can wipe out the entire position.
Aevo (AEVO) uses an off-chain order book for fast execution, while trade settlement takes place on-chain using its layer 2 rollup. This setup keeps trading quick and costs low while maintaining transparency and user custody.
Aevo’s platform does not charge standard trading fees for Aevo Degen. Instead, traders only pay if they make a profit, in which case a portion of their gains goes to the platform. This fee model is designed to support active traders and speculators, who might be sensitive to frequent trading costs.
The platform uses tokenized stock derivatives instead of actual shares. These tokens don’t represent direct ownership, but they use oracles to track actual stock prices. This approach helps keep the system flexible, allowing users to trade stocks within the crypto ecosystem without needing a traditional brokerage.
The launch of Aevo Degen adds to a growing list of efforts to bring traditional financial products into decentralized platforms. It also raises questions around risk and regulation, especially with such high leverage involved.
While Aevo says it has built a strong technical infrastructure, users must still manage risk carefully. Large swings in price can result in fast and heavy losses.
ETH leads crypto majors higher, BTC dominance falls. US House taking steps for US to be crypto capital. Sharplink to buy $20m ETH, stock pops 12%. GameSquare raises $8m to buy ETH, stock +60%. Bit Digital stock keeps pumping on ETH pivot. BioSig, StreamEx to tokenise commodities on SOL. Phantom intros perps powered by Hyperliquid. GMX faces $40m exploit. Tether reveals $8b gold stock pile in Swiss vault. Expect us to be largest BTC miner this year: Tether. OpenAI stock tokens backed by SPV: Robinhood. Aevo offers 1000x lev on tokenised stocks. DoJ charges OmegaPro founders with $650m fraud. Tether is a money launderer’s dream: The Economist. EIGEN announces 25% reduction in staff
Interviews
Jul 9, 2025
Interviews
Candid chats and deep dives with the biggest names in crypto.
Coin PricesPUMP.FUN TOKENOMICS, $HYPE, BONKGUY META
ETH leads crypto majors higher, BTC dominance falls. US House taking steps for US to be crypto capital. Sharplink to buy $20m ETH, stock pops 12%. GameSquare raises $8m to buy ETH, stock +60%. Bit Digital stock keeps pumping on ETH pivot. BioSig, StreamEx to tokenise commodities on SOL. Phantom intros perps powered by Hyperliquid. GMX faces $40m exploit. Tether reveals $8b gold stock pile in Swiss vault. Expect us to be largest BTC miner this year: Tether. OpenAI stock tokens backed by SPV: Robinhood. Aevo offers 1000x lev on tokenised stocks. DoJ charges OmegaPro founders with $650m fraud. Tether is a money launderer’s dream: The Economist. EIGEN announces 25% reduction in staff
Interviews
Jul 9, 2025
Interviews
Candid chats and deep dives with the biggest names in crypto.
“I am NOT building a new financial system. I built a casino.”
This stark admission from Ken Chan, former co-founder of derivatives protocol Aevo, has been reverberating across Asian crypto communities this week.
What began as a post on X has now crossed linguistic borders, been introduced to Chinese communities by local news media, and been widely shared among Korean traders, accumulating millions of views along the way.
From Ayn Rand to Disillusionment: A Libertarian’s Journey Through CryptoChan’s confession is not merely a critique—it is the unraveling of a personal ideology. He describes himself as a “starry-eyed libertarian” who donated to Gary Johnson’s 2016 presidential campaign after being radicalized by Ayn Rand’s novels. The cypherpunk ethos of Bitcoin spoke directly to this worldview. “Being able to walk across the border with a billion dollars in your head is and always will be a powerful idea to me,” he writes.
Yet eight years of industry experience eroded that idealism. Chan recounts how the Layer 1 wars—the flood of capital into Aptos, Sui, Sei, ICP, and countless others—produced no meaningful progress toward a new financial system. Instead, it “literally torched everyone’s money” in pursuit of becoming the next Solana. His verdict is unsparing: “We do not need to build the Casino on Mars.”
According to his LinkedIn profile, Chan departed Aevo in May this year. His personal website indicates he is now working on KENSAT, a personal satellite project. It is scheduled to launch aboard a Falcon 9 in June 2026. His confession arrives six months after his departure. It comes as AEVO token trades at roughly $45 million in fully diluted market cap—down approximately 99% from its peak.
Chan’s central metaphor—that crypto has become “the biggest, online, multi-player 24/7 casino our generation has ever concocted”—cuts through technical complexity with visceral clarity.
The timing amplifies the message. Following October’s market turbulence and persistent volatility, participants across the region have been grappling with fatigue. The Chinese media framed the viral spread as reflecting “collective anxiety amid liquidity drought and narrative vacuum.”
Chinese-language responses have been divided. Some pushed back sharply: “Same eight years—some reach the summit, others exit the stage. Wasting time is your own problem.” Others went further than Chan himself, with one commenter writing: “The entire crypto circle is foolish, no exceptions. After more than a decade, what blockchain product has the average person actually used?”
Korean responses echoed similar exhaustion. “Besides stablecoins, there’s no real use case,” noted one trader. Another was more blunt: “At the bottom of crypto, there’s no one creating new value for society—just scammers swarming to suck money from retail investors.”
Generational Anxiety Finds a Voice Across BordersPerhaps most striking is Chan’s warning that the industry’s “toxic mentality will lead to the long-term collapse of social mobility for the younger generation.” This concern resonates deeply in East Asian societies. Traditional paths to wealth—real estate, stable employment—have grown increasingly inaccessible. Crypto promised an alternative; Chan suggests it may be accelerating the problem.
Korean analyst KKD Whale offered a parallel reflection without directly addressing Chan’s post. “The era of standing alone with just one core skill is passing,” he wrote, recalling a talented colleague who could compress eight hours of work into one but never bothered to deepen his expertise. The skill became obsolete; the person moved on.
While Chan questions what the industry has built, KKD Whale questions what individuals have accumulated within it. Both arrive at the same unsettling destination.
Chan closes with a quote from CMS Holdings: “Do you want to make money, or do you want to be right?” His answer: “I choose to be right this time.”
Six months after leaving the project he built, and with AEVO trading at a fraction of its former value, the question lingers: Is this the clarity of hindsight, or the convenience of exit? The viral journey of his confession suggests many others are asking themselves the same question.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
PANews reported on December 14 that Aevo (formerly Ribbon Finance) tweeted that due to a vulnerability in a smart contract update, the old version of Ribbon DOV vault was attacked, resulting in a loss of approximately $2.7 million.
The team stated that all Ribbon vaults have ceased operation and will be immediately deactivated. Users must complete the contract upgrade and withdraw funds themselves through the standard process. The contract upgrade will be rolled out next week (to be announced later). Aevo disclosed that the vulnerability resulted in a loss of approximately 32% of the vaults, but the team recommends that users withdraw only 19% of the value of their positions at the time of the attack. The claim period is from December 12th to June 12th. After June 12th, the DAO will liquidate all remaining assets and distribute them to users who withdrew funds earlier.
Aevo, a cryptocurrency trading platform, has encountered a significant setback with a recent exploit on its Ribbon Vaults. The breach resulted in a substantial loss of $2.3 million. This incident highlights vulnerabilities in the system, causing concern within the crypto community. Users of the platform are seeking assurance regarding the platform’s security measures going forward, while stakeholders focus on damage assessment and remedy strategies. The unfolding events have spurred discussions on the necessity for more sophisticated security protocols in digital finance platforms.
What Led to the Exploit in Ribbon Vaults?The incident was driven by a vulnerability within the technical architecture of Aevo’s Ribbon Vaults. Specific details on how the exploit was executed remain undisclosed, but initial assessments indicate gaps in the structure that hackers exploited. Aevo has since been actively working to investigate the loopholes that were leveraged, placing emphasis on securing user assets. The company, however, assures customers that funds outside the vaults remain intact.
How is Aevo Responding to the Security Breach?In response to the exploit, Aevo has initiated a series of measures aimed at bolstering security and regaining user trust. Immediate actions include enhancing current security frameworks and implementing additional monitoring mechanisms. According to a representative,
“Our primary focus is to ensure the safety of our users’ assets.”
They further mentioned that new layers of security would be integrated into the system to prevent future incidents.
What Are the Investor Reactions?Investors have expressed varying degrees of concern, particularly about the potential long-term implications for Aevo’s reputation. The immediate response suggests apprehension, yet some remain optimistic about Aevo’s commitment to rectify the breach. Aevo has been actively communicating with stakeholders to provide regular updates and reassurance. As part of this effort, a spokesperson stated,
“We are dedicated to transparency and will keep our community informed throughout the remediation process.”
This attempt at open communication aims to stem the rising unease among users and investors.
In light of this exploit, broader discussions about cybersecurity in the cryptocurrency sector have intensified. The Aevo incident illustrates the critical need for enhanced security solutions in digital finance, as technological advancements can also open new attack vectors for malicious activities. Robust security strategies and proactive modifications to digital platforms are essential to safeguard assets and trust in this rapidly evolving sector. Stakeholders in digital finance must prioritize security to maintain confidence.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
PANews reported on January 9th that Aevo announced on its X platform that, in accordance with AGP-3 rules, it has burned 69 million AEVO tokens (6.9% of the total supply) from circulation to signify a fresh start and demonstrate its commitment to maintaining token value. Phase 5 of the rewards program is still underway, during which 1 million AEVO tokens will be distributed to traders. Trading activity and the staking rewards program work in tandem, allowing users to earn multiples of their staking AEVO based on their trading volume in each phase. Staking AEVO tokens also allows users to earn a portion of accumulated Uniswap V3 LP fees, which will be distributed in June 2026.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
The Philippine SEC has warned investors against using dYdX and six other crypto platforms, saying they are operating without authorization in the country.
Summary
Philippine SEC has warned investors against dYdX and six other crypto platforms for operating without registration or authorization in the country. Authorities said the platforms appear to offer investments promising returns, with promoters facing fines of up to 5 million pesos or up to 21 years in prison. Enforcement has tightened as regulators expand from warnings to blocking access, while licensed firms continue launching compliant crypto services. According to a Tuesday post on Facebook, the Philippine Securities and Exchange Commission named dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium, stating that its review found the platforms “appear to be offering investments to the public” in exchange for “promised returns, profits or interest.”
None of the entities are registered with the Commission or hold approval under the country’s crypto-asset service provider framework, which requires firms to secure licenses and meet capital and operational standards before offering services locally.
Regulators also cautioned that individuals promoting these platforms could face legal consequences. Under Sections 28 and 73 of the Securities Regulation Code, violators risk fines of up to 5 million Philippine pesos, about $89,000, or imprisonment of up to 21 years, or both.
Enforcement tightens as access restrictions expand Recent action adds to a pattern of stricter enforcement that has moved beyond warnings into blocking access to non-compliant platforms.
Philippine authorities had already taken steps against major exchanges in earlier cases. Binance, for instance, saw its website blocked nationwide after failing to meet compliance requirements, while its app was later removed from local app stores following requests sent by the SEC to Google and Apple in late 2024. By early 2026, users in the country were no longer able to access the exchange’s main site, with reports of error messages such as “Privacy Error” and “Site can’t be reached.”
Other platforms have faced similar treatment. Coinbase and Gemini were blocked on Dec. 24, 2025, as part of the same enforcement push targeting unlicensed operators.
Regulatory pressure has extended across multiple firms. In August 2025, the SEC flagged another group of exchanges, including OKX, Bybit, KuCoin, and Kraken, for offering services without registration, warning that such activity exposed local investors to risk.
Licensed players continue to expand offerings While enforcement has tightened against offshore platforms, companies operating within the regulatory framework have continued to roll out new services.
Local exchange PDAX partnered with Toku in 2025 to enable stablecoin salary payouts, offering a compliant route for crypto-based payments. Digital bank GoTyme also entered the space through a tie-up with Alpaca, allowing users to buy and hold digital assets directly within its app.
Regulators have kept the message consistent across these developments, drawing a clear line between licensed operators and those offering services without approval.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
