Track market-moving stories before they get noisy

The leading crypto exchange, Binance, has recently issued a warning to delist five crypto from its platform, sparking market discussions. In a recent press release, the exchange said that it has added monitoring tags for Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE). The cryptocurrencies, under this tag, are usually seen as more volatile and at-risk assets of potential delisting.

Binance Adds Monitoring Tags For These Five Crypto Binance has recently announced its plans to include five cryptocurrencies in its Monitoring Tag list. This move signals heightened volatility and potential risks for the assets, especially amid the ongoing broader crypto market selloff.

According to the exchange, the tokens with the Monitoring Tag are closely reviewed and face potential delisting if they fail to meet the listing requirements. In other words, this tag indicates a warning for the investors, which requires them to complete quizzes every 90 days, ensuring they understand the risks before putting their bets into these assets.

Meanwhile, these five tokens are now under close scrutiny by the exchange. Notably, the BLZ token, which is known for its decentralized data storage solutions, faces potential delisting from the exchange. Simultaneously, the other four crypto also face similar pressure, which has sparked concerns among investors.

Usually, any positive announcements from the top crypto exchanges tend to boost the market confidence in the assets. Similarly, any other announcement or negative developments like delisting and others, could significantly weigh on the investors’ sentiment and trigger a decline in the prices.

PENDLE And SEI Receives Positive Outlook The latest Binance announcement also mentions the removal of the Seed Tag from Pendle (PENDLE) and Sei (SEI). This removal signals improved stability in these projects, indicating they are no longer in the exchange’s high-risk category. Notably, the Seed Tag generally applies to new, innovative projects that exhibit early-stage volatility, but passing this phase can boost investor confidence.

Meanwhile, the exchange’s criteria for reviewing tokens include various factors, such as the commitment of the project team, network security, and public communication. Despite that, both PENDLE and SEI price dropped about 4% and 5%, respectively, today.

However, the tokens added to the Monitoring Tag often see heightened volatility, impacting trading activity. This step also serves as a reminder to investors about the risks of certain crypto projects. Tokens on this list often experience market instability, reflecting the platform’s rigorous evaluation process.

Despite that, the BLZ price was up over 4% today and exchanged hands at $0.126. Its trading volume rocketed nearly 170% to $15.73 million, indicating a growing confidence of the investors towards the crypto despite the recent warning.

BLZ Price However, the other four crypto CLV, KEY, PROS, and VITE prices noted a sharp decline, with all these four crypto falling nearly 20% today. This reflects the influence of Binance on the investors’ sentiment and the potential risks associated with the assets.

CLV Price

Binance Delisting Sparks Panic: WRX, AKRO, BLZ Prices Crash 40%

Best Crypto With High Potential You’ve Probably Overlooked

Clover Finance Coin (CLV) is the governance token of the Clover ecosystem. In addition to being a governance token, CLV contributes to the ecosystem in various functions.

What is Clover Finance (CLV)?Clover Finance (CLV) was established in 2020 as a Substrate-based Polkadot parachain. The platform aims to provide blockchain infrastructure to ease developers’ efforts and reduce their costs. Clover serves as a foundational layer for cross-chain compatibility. Its co-founders, Viven Kirby, Norelle NG, and Burak Keçeli, are working to present a decentralized perspective to the entire crypto universe.

By allowing EVM-based Clover addresses and Polkadot-based Clover addresses to interact with each other, the CLV token is usable across chains. This is particularly beneficial because users can link and aggregate information from their accounts across multiple dApps within the Clover application and wallet.

Clover provides a foundation for creating dApps that operate across blockchains. Previously, dApps were developed and used on the Ethereum network. With the Clover system, DeFi usage becomes easier for developers and everyday users alike.

It simplifies tracking multiple wallets, accounts, and assets for DeFi users. The CLV token is a multi-purpose asset within the Clover Finance ecosystem. It also functions as a governance token to participate in community voting for system upgrades. CLV can be used to pay transaction fees on the platform or for some other use cases within the network.

Where to Buy CLV Coin?CLV Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. Clover Finance Coin is traded on the Binance platform in CLV/BTC, CLV/BNB, CLV/USDT, and CLV/BUSD pairs.

To buy CLV Coin, you must first sign up on the Binance exchange. Once the membership process is completed, cryptocurrency or fiat currency must be transferred to the Binance account wallet. After the transfer is completed, you can buy CLV Coin from any of the four pairs mentioned above. To purchase from the CLV/BUSD trading pair, you should first navigate to the interface of this pair. In the limit tab of the CLV/BUSD interface, enter the amount you wish to purchase in the designated field. After specifying the amount, execute the purchase with the Buy CLV 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.

Coinbase has suspended trading in CLV, EOS, and LOKA.

18.03.2024 - 18:10

Update: 18.03.2024 - 18:10

Coinbase, the largest cryptocurrency exchange in the USA, has decided to delist the Unifi Protocol DAO (UNFI) altcoin, according to its official statement.

Regarding the delisting decision, the exchange shared that they constantly inspect their asset range to see whether they comply with the listing standards and after the latest reviews, they decided to delist UNFI.

The delisting process in question will take place on April 1, 2024, around 21:00 Turkey time.

*This is not investment advice.

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Unifi Protocol DAO (UNFI) aims to innovate decentralized finance (DeFi) and enhance the Blockchain ecosystem by simplifying and reducing the cost of cross-chain transactions. Integrating modern technology with finance, Unifi offers innovative DeFi solutions for both individuals and businesses by utilizing the security and automation of smart contracts. By connecting different DeFi markets through interoperability features, Unifi incentivizes users with staking and liquidity rewards and emphasizes community governance. This article answers two key questions: What is UniFi Protocol DAO (UNFI) and how to buy UniFi Protocol DAO (UNFI) with TRY.

What is UniFi Protocol DAO (UNFI)?Unifi Protocol DAO aims to innovate decentralized finance (DeFi) by enabling seamless cross-chain trading. Unifi aims to simplify and reduce the cost of cross-chain transactions by connecting various DeFi markets, thereby enhancing the overall Blockchain ecosystem. This approach leverages modern technology to bring innovative financial solutions to both individuals and businesses.

Unifi Protocol DAO is at the forefront of integrating modern technology with finance. It uses the inherent security and decentralization of Blockchain technology along with the automation of smart contracts to offer superior DeFi functionalities. This makes it an attractive platform for users looking to participate in and benefit from the DeFi space by leveraging the latest technological advancements.

Recognizing the importance of institutional adoption for DeFi’s success, Unifi Protocol offers tools for developing bespoke DeFi solutions for businesses. Its primary focus on staking allows businesses to benefit from DeFi innovations. Unifi provides a platform for businesses to integrate advanced financial solutions into their operations by bridging the gap between traditional finance and modern technology.

A key feature of Unifi Protocol is its package of smart contract-based building blocks designed for interoperability. These components enable simple and cost-effective cross-chain trading by connecting different DeFi markets. This interoperability is crucial for achieving the Web3 vision by facilitating seamless interactions among various Blockchain networks, positioning Unifi as a significant player in the broader Blockchain industry.

Joining Unifi Protocol DAO offers various advantages, including staking and liquidity rewards. UNFI token holders can lock their tokens to earn significant rewards and support the project’s growth. Additionally, Unifi’s uLend platform allows users to participate in decentralized, peer-to-peer lending and borrowing, further enhancing the protocol’s functionality and appeal.

Unifi Protocol DAO emphasizes community governance by allowing UNFI token holders to vote on proposals and contribute to decision-making processes. This decentralized approach ensures that the community has a say in the project’s direction, fostering a collaborative environment crucial for the protocol’s long-term success.

Unifi Protocol DAO’s interoperable, non-custodial, and multi-chain smart contracts provide a foundation for creating innovative DeFi solutions. By connecting multiple chains into a unified DeFi market, Unifi offers investors access to efficient cross-chain activities. The platform’s attractive reward system for staking UNFI tokens further encourages participation, making it a robust solution for businesses of all sizes. Supported by major investors like Chain Capital, HBTC, and Binance, Unifi Protocol DAO is well-positioned to lead the next generation of DeFi developments.

How to Buy UniFi Protocol DAO (UNFI) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy UniFi Protocol DAO (UNFI). Binance TR allows quick account creation and supports trading of over 100 cryptocurrencies, including UNFI. Follow these steps to buy UniFi Protocol DAO (UNFI) with TRY on Binance TR.

How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. Go to trbinance.com and proceed from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as email address, phone number, full name, date of birth, nationality, and Turkish ID number.

After entering the requested information completely and accurately, an email/SMS verification will be conducted to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).

How to Verify Your Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or the official Binance TR website. Note that you will need your phone to verify your identity from the website.

On the Binance TR website, hover over the “Profile” option at the top right and click on “Identity Verification and Limits” from the drop-down menu, then click “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on “Copy URL” to send the identity verification address to your phone via SMS.

When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, continue by tapping on “Identity.”

Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you.

After selecting the document type, you can continue by tapping on “Upload Front Side.” After taking a photo of the front side of the document you selected, tap on “Upload Back Side” and take a photo of the back side of the document and upload it. Make sure the images are clear and the information in the photos you take is easily readable when taking photos of the front and back sides of your ID card or driver’s license.

Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible once the camera opens.

After completing all these steps accurately, your identity verification process will be completed shortly.

How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits from other banks can be made 24/7 up to 50,000 TL via FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.

To deposit money into your Binance TR account, first go to trbinance.com and hover over the “Wallet” option at the top left of the homepage, then click on “Deposit” from the drop-down menu.

Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.

In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. All you need to do now is use the information shown on the bank’s page to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.

Once your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.

How to Buy UNFI Coin with TL on Binance TR?After the deposit process, you can proceed to the TL to UNFI coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.

After clicking on this option, the following page will open. You can go to the TL to UNFI purchase page by typing “UNFI” in the search section on the right side of this page and clicking on the UNFI/TRY option from the results.

Now the following UNFI trading page will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy UNFI in the first box and the number of UNFI you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy UNFI” button.

What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.

Binance TR leverages Binance’s technology, security measures, and liquidity provided through Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY pairs via Binance TR.

Users supported by Binance TR can access market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls, all backed by Binance’s core functionalities.

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.

The decentralized finance (DeFi) aggregator ParaSwap has agreed to compensate victims of a recent vulnerability on its smart contract using funds from the treasury.

On March 18, the ParaSwap AugustusV6 contract went live, albeit briefly. However, it was rolled back shortly after it was discovered that the upgrade contained a critical loophole that hackers used to drain funds from users. While it was a relatively quick rollback that saved nearly $3.4 million worth of assets from being lost, some users were not as lucky. As Coinspeaker earlier reported, no less than $864,000 worth of assets were initially lost to the situation, leading to public outcry from the victims. Although approximately $500,000 worth of assets have been recovered so far, some users are still left in the horror of the avoidable hack event.

In response, the ParaSwap DAO, the community behind the project, floated a compensation idea on April 4. The proposal suggested that all victims be compensated from ParaSwap’s treasury funds. However, as is common with community-based decisions, the idea had to be voted upon.

After a three-day voting period, 96.81% of ParaSwap voters have now aligned with the method of compensation that the DAO proposed. Therefore, all users who were affected by the hack would now get full refunds for their losses.

ParaSwap Eyes Sustainability Per ParaSwap, the decision to compensate victims is a very important step toward the project’s sustainability in the long run. As it aims to bolster the trust of users, ParaSwap will stop at nothing to ensure that the event is quickly forgotten.

To this end, the ParaSwap Foundation has assured that it will cover all costs that the vulnerability has made the project incur. Those include the cost of processing the refunds, engaging blockchain analytics and security firms, Chainalysis and TRM Labs, audits, and linking up with authorities.

Meanwhile, blockchain security firm PeckShield has highlighted what was perhaps a notable month of March, particularly in terms of security incidents.  According to data compiled by the firm, more than 30 hacks happened within the crypto space in the said month. Interestingly, however, total losses in the month were 48% lower than that of February.  Additionally, 52.8% of the hacked funds were returned, most of which came from the security incident with NFT-based game Munchables.

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.

Cybersecurity News, News

Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.

Mayowa Adebajo on X

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A prominent analytics-providing platform, Phoenix Group, has recently provided a list of top DeFi projects based on weekly ETH burning. The list containing the ETH-burning DeFi projects includes Uniswap, 1inch, USD Coin, 0x Protocol, Metamask, Gnosis, Pendle, Kyber Network, Aave, and ParaSwap. The analytics provider provided the details of these projects in its latest X post.

Uniswap Leads the DeFi Projects Based on Weekly ETH Burning As per the data from Phoenix Group, Uniswap has dominated the DeFi sphere in terms of 7-day ETH burning. In this respect, Uniswap has reportedly burned 278.1 ETH. This figure equals a value of nearly $737.8K. Following that, 1inch has taken the 2nd position. The popular DeFi project has burned up to 31.3 ETH with a value of approximately $83.0K. Additionally, USD Coin has gained the 3rd spot with almost 30.0K ETH tokens burned.

These tokens have a value of nearly $79.6K. After that, 0x Protocol stands in the 4th place. It saw weekly $279 ETH coins burned. This denotes a value of almost $74.0K. Moreover, Metamask occupies the 5th spot with 27.1 ETH burned, equaling up to $71.9K. It precedes Gnosis which has recorded a token burn comprising $12.4 ETH. This figure accounts for $32.9K.

ParaSwap Bottoms the List with 2.9 ETH Burned The list places Pendle in the 7th position with 11.4 ETH burned. These tokens’ value is approximately $30.2K. Kyber Network secures the 8th spot with 8.1 ETH burned, equaling $21.5K. Aave’s 7-day token burn includes 5.8 ETH with a $15.4K worth. ParaSwap gets the last place on the list with 2.9 ETH burned, accounting for $7.7K.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

TL;DR

Launch of an intent-based protocol to combat MEV attacks, which have generated nearly $17 billion in profits in the past month. Allows users to define their trading intent instead of exposing raw transactions to mempools. Includes intent preprocessing, auction execution strategies and final execution through the Portikus Swap module. ParaSwap has taken a major step in the fight against MEV attacks with the launch of its new intent-based protocol.

MEV, or maximum extractable value, attacks have proven to be a significant source of illicit profits in the world of decentralized finance (DeFi).

🚀 We’re excited to bring ParaSwap Delta to life: the ParaSwap intent-based trading protocol is now LIVE!

No more gas fees or front-running attacks, just seamless, secure trades 🔐https://t.co/0E3H15nFjZ

👇 Here's why you need to experience this next-level DeFi trading. 🧵 pic.twitter.com/7NNNnI0bR3

— ParaSwap (@paraswap) August 19, 2024

According to recent data from EigenPhi, these attacks have generated nearly $17 billion in profits for the attackers in the past month.

The most common attacks, such as sandwich transactions, have allowed attackers to manipulate user transactions to gain profit at the expense of market efficiency and fairness.

ParaSwap’s new Delta protocol is designed to provide an effective solution to this problem.

Unlike traditional methods that expose raw transactions to mempools, facilitating MEV mining, the intent-based protocol allows users to clearly define their trading intention.

This means that instead of sending transactions directly to the mempool, users can specify their target, such as a desired price range, and this target is used to execute the transaction in a more protected and efficient manner.

The Delta protocol execution process takes place in three stages.

First, preprocessing is performed in which the user’s intent is defined.

This intention is put up for auction in which artificial intelligence agents compete to find the most effective execution strategy.

Finally, the winning agent executes the transaction using the Portikus Swap module, following the user’s intention and minimizing the risk of MEV exploitation.

The introduction of this protocol is a direct response to the MEV mining boom that occurred during the DeFi boom in 2021.

During that period, certain protocols, such as Uniswap, were frequently targeted by automated attacks that raised concerns about market manipulation.

While ParaSwap’s new model does not completely eliminate the risk of exploitation by miners and validators, it represents a significant step towards greater fairness and efficiency in the DeFi ecosystem.

Progress in Paraswap MEV protection ParaSwap’s innovation aligns with the efforts of other players in the decentralized finance space who are also working to mitigate the negative effects of MEV.

For example, other liquidity aggregators, such as 0x, have developed mechanisms to combine transactions into a single batch, which helps reduce opportunities for attack, and prioritize transactions based on criteria other than profitability.

ParaSwap’s Delta protocol not only seeks to address current MEV-related issues, but also represents a step towards improving user experience and fairness in the DeFi ecosystem at large.

With a track record that includes over $76 billion in transactions since its launch in 2019, ParaSwap continues to evolve and expand its support to more chains and automated strategies.

The integration of AI-powered agents promises to add an additional layer of sophistication in transaction management, reinforcing the platform’s commitment to greater security and efficiency in the marketplace.

Bybit asks DAO to return fees earned from hack transactions

ParaSwap, a decentralized exchange aggregator, has rebranded to Velora, introducing Delta v2.5, a major upgrade designed to streamline trade execution.

According to a press release shared with crypto.news on April 3, ParaSwap (PSP) has rebranded to Velora. This rebrand is accompanied by the launch of Delta v2.5, which upgrades Velora’s existing aggregation infrastructure to an intents-based one with multiple agents competing for its price execution.

The features of Delta v2.5 include:

Instant Cross-Chain Swaps, which let users swap assets between different blockchains quickly and without delays. Super Hooks, a new feature that allows users to automate and combine complex trading strategies. Advanced Limit Orders, which let users set trades to automatically happen under certain conditions, offering more flexibility than before. By introducing these features in Delta v2.5, Velora aims to overcome the limitations of old DEXs, such as slow execution times and rigid processes.

Mounir Benchemled, Founder of Velora expressed his excitement on the launch, saying, “We are revolutionizing the landscape of decentralized trading with Instant Cross-Chain Swaps and Super Hooks, enabling seamless execution of complex strategies. Instant Cross-Chain Swaps eliminate delays and reduce costs, while Super Hooks provide the flexibility to automate and customize trading strategies with efficiency. Velora is the future of DeFi — faster, more flexible and powerful than ever before, empowering users to navigate the DeFi space with increased speed and control.”

The rebrand comes on the heels of the Augustus v6 vulnerability that ParaSwap faced earlier in March. The critical bug in the smart contract, discovered shortly after its launch, raised concerns about the security of the platform. The move to an intents-based model with Velora aims to address some of the limitations and risks that led to this exploit.

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A prominent decentralized exchange (DEX) aggregator, ParaSwaap has officially rebranded to Velora. The transformation establishes a new intents-based trading model to enhance decentralized finance (DeFi) execution speed while improving flexibility and efficiency. The upgrade incorporates Delta v2.5 that improves Velora’s foundation through enabling many agents to vie for trading execution opportunities.

Introducing Velora, the new era of ParaSwap.
An intents-based crosschain protocol designed for fast and efficient DeFi.
Trade faster. Everywhere 🐆 pic.twitter.com/laCmewgjpN

— Velora (formerly ParaSwap) (@VeloraDEX) April 3, 2025 The transition at Velora solves existing problems with standard DEX aggregation systems using multiple block executions. The updated system provides traders with execution preference definitions that boost pricing effectiveness and bring new features including cross-chain swaps and conditional order capabilities. The framework deployment targets execution reliability by minimizing MEV risks and providing users with better control over system accessibility.

Velora Enhance Trade Execution and Cross-Chain Capabilities The Velora system uses a modular execution framework based on intent to conduct transactions between different blockchain networks. The system update enables users to perform swaps between different blockchain networks while removing risks associated with bridging operations. Through the Dynamic Agent Marketplace, both market makers and solvers participate in trade execution competitions to deliver reduced pricing and decreased MEV exploitation.

The rebranding initiative brings Super Hooks which serves as a mechanism to create automated trading strategies depending on user preferences. The system helps traders conduct extensive multi-step business transactions through one automatic process that manages liquidity and performs collateral swaps in lending protocols. The limit order feature in Velora streamlines operations because traders can set specific rules for execution which overcomes traditional ordering framework restrictions.

Industry Adoption and Future Outlook ParaSwap has processed trading operations of over $100 billion recording over four million user addresses. TokenTerminal statistics show that the platform’s smart contract operations reached 4.3 million transactions during the previous year and maintained an 18,000 monthly active user base.

Velora’s intent-based trading model has the potential to improve the DeFi sector through simplified trade execution that includes competitive pricing features. The rebrand signals an advancement in decentralization trading by delivering better execution speed, heightened cross-chain operation and MEV defense.

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.

Velora Launches VLR Token, Expands to Base Network as Crypto Rebranding Wave Intensifies

Aave Governance Conflict Widens Over $10 Million Revenue Dispute

AAVE fell 10% during the early hours of the Asian session on Monday, following a $50 million sell-off triggered by growing governance tensions.

The plunge comes amid allegations that Aave Labs, the company led by founder Stani Kulechov, redirected millions in swap fees from the DAO treasury without the approval of token holders, igniting debate over decentralized governance and founder control.

Amidst DAO governance drama and revenue controversy, the AAVE price has dropped by over 10% in the last 24 hours, trading at $159.86 as of this writing.

AAVE Price Performance. Source: BeInCryptoThe controversy centers on Aave’s integration of CowSwap into its frontend, replacing ParaSwap. Critics claim that this shift, completed after Aave Labs received a grant from CowSwap, diverted up to $10 million in potential annual revenue away from the DAO.

An open letter from an Orbit delegate stated that the ParaSwap integration generated approximately $200,000 per week for the DAO.

DeFi community members argue that redirecting these fees undermines the DAO’s decentralized governance model.

Stani Kulechov and Aave Labs maintain that revenue from frontend operations is separate from core protocol revenue and has always been voluntary.

Nonetheless, questions remain over the CEO’s dual role and control of protocol assets, raising concerns about potential conflicts of interest.

DAO Alignment Proposal Moves to SnapshotTo address the crisis, Kulechov moved a controversial DAO alignment proposal to Snapshot for a formal vote.

The recent DAO alignment proposal has been moved to Snapshot after extensive discussion. We realize the community is very interested in a path forward and is ready to make a decision.

Time for tokenholders to weigh in and vote.https://t.co/QwoPeglhmU

— Stani.eth (@StaniKulechov) December 22, 2025 The plan aims to transfer key brand assets, including domains and social media handles, from Aave Labs to the DAO.

“People are tired of this discussion, and getting into a vote is the best way to resolve. This is governance, end of the day,” Kulechov said, urging token holders to weigh in.

However, market confidence appears low. Polymarket odds indicate only a 25% chance of the proposal passing, a 26-point drop from earlier in the week.

Odds of Aave token alignment proposal passing. Source: PolymarketCommunity members, such as Tulip King, have suggested that failing to pass the vote could push AAVE prices further down.

Market and Governance ImplicationsThe episode highlights the broader challenges facing DAOs: aligning incentives among developers, service providers, and token holders while maintaining true decentralization.

Critics point to alternative models, such as Hyperliquid, where nearly all revenue is allocated toward token buybacks, and team compensation is paid in native tokens, as potential examples for Aave to follow.

“Maybe they need to look at Hyperliquid, where 99% of revenue goes to HYPE buy-backs. The team holds and is paid in HYPE. Everyone wins. Why can’t Aave Labs do the same? The pie is big enough already, or are DAOs inherently flawed?” posed analyst Duo Nine.

The Snapshot vote requires a quorum of 320,000 YAE votes and a margin of at least 80,000 votes over rival options to pass. Voting will remain open for three days, giving token holders time to consider the protocol’s next steps.

In the meantime, the AAVE sell-off highlights the market’s concerns about governance transparency and whether token holders can trust that protocol revenues serve the DAO rather than private interests.

As the community heads to the polls, the outcome could set a significant precedent for Aave and the broader DeFi ecosystem.

Crypto Twitter Turns Bearish on 2026—but These 3 Sectors Could Still Win

Home Altcoins Binance Lists Two New Cryptos With up to 75x Leverage

Binance Futures has announced the listing of NULS and DOGS, both coins will be available for trading on August 26, 2024.

These coins will be offered with leverage options up to 75X.

Binance can reportedly change contract features, including funding fees, leverage and margin requirements, depending on market conditions.

Traders can use Binance’s multi-asset mode, which allows the use of assets such as BTC as margin when trading these contracts.

They are part of Binance Futures’ ongoing efforts to expand trading options and improve the user experience when trading crypto derivatives.

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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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#NULS | Volume spike (USDT PAIR)
9 times the average volume
791.67K USDT traded in 15 min
└Buying vol: 457.37K USDT 🟢
Boost score: 2/10
24h Vol: 7.80M USDT (#Binance)
Price: 0.4255 (+6.0% in 24h) $NULS #BTC pic.twitter.com/b2HdE37tmf

— Coin Sonar V2 (@CoinSonarBot) August 31, 2024

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The team at NULS, a blockchain having a modular-based architecture for cross-chain interactions, has announced the launch of a new mainnet version. The NULS Mainnet v2.20.0 offers substantial enhancements targeted at increasing the NULS ecosystem’s functionality and efficiency, especially in the case of transaction processing and on-chain capabilities. The platform took to its official social media account to announce this development.

NULS Announces Its Mainnet Update with the v2.20.0 Version, Offering Support for $BTC and $ETH According to NULS, a noteworthy feature of the latest update deals with support for $BTC and $ETH assets for gas fees. The respective assets are bridged from local Ethereum and Bitcoin networks via the NULS Parachain NerveNetwork. This makes it significantly convenient for clients to transfer within the ecosystem of NULS. In this respect, they can use well-known crypto assets.

This inclusion will potentially improve the consumer experience with the provision of additional flexibility concerning transfer fee payments. Apart from that, the update takes into account optimizations regarding the cross-chain processing. They focus on minimizing the server pressure along with enhancing the network performance in general. This is specifically crucial while cross-chain interactions operate as a chief feature within the NULS platform.

The Node Owners Need to Update the Nodes to the Latest Version These interactions enable smooth interoperability between diverse blockchain networks. Additionally, NULS v2.20.0 update takes into account diverse stability issues and bugs, guaranteeing a more secure and dependable network for consumers. As the update is mandatory, node owners need to update each of the nodes, taking into account consensus and regular nodes.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

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AlpacaMoney has recently unveiled a unique collaboration with an open-source modular blockchain infrastructure NULS. The partnership between AlpacaMoney and NULS targets to combine both the platforms’ strengths to establish a relatively versatile and interconnected ecosystem. AlpacaMoney took to its official X account to provide insights into this initiative.

AlpacaMoney Joins Forces with NULS, Aiming at Improving Multi-Chain Asset Bridging to NULS and TON In a recent X post, AlpacaMoney expressed its enthusiasm regarding this partnership. The platform has gained significant attention because of its resilient social instruments as well as asset hub abilities. With these features, AlpacaMoney intends to assist in multi-chain assets’ bridging to both the NULS and TON ecosystems. For a considerable time, NULS has been getting attention for the modular and flexible design thereof.

These things made it convenient for builders to develop as well as set up blockchain applications. Leveraging the asset hub of AlpacaMoney enables NULS to access a broader multi-chain asset series. In this respect, it permits increased innovation and flexibility within its ecosystem. The respective integration will unveil the latest use cases and assets, widening the NULS platform’s appeal for users and developers alike.

A key benefit of this collaboration takes into account the capability for bridging the assets throughout several chains. The blockchain sector is seeing a substantial focus on cross-chain interoperability and this endeavor aims to enhance it. For this purpose, this partnership will potentially provide convenience for the assets’ movement across diverse networks.

The Collaboration Enhances Multi-Chain Asset Interoperability to Boost NULS Ecosystem’s Innovation With the improved interoperability, both entities will deliver additional opportunities to the consumers. Hence, they can engage with cutting-edge DeFi applications along with blockchain-based services. According to AlpacaMoney, this initiative will potentially drive the NULS ecosystem’s innovation to a further extent with the expansion of the use case and assets.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

The world’s largest crypto exchange Binance on Wednesday said it plans to delist some spot and margin trading pairs. The delisting to impact crypto such as Axelar (AXL), Coin98 (C98), Enjin Coin (ENJ), Bella Protocol (BEL), NULS, Lisk (LSK), Litentry (LIT), and SafePal (SFP). As a result, the price of some abovementioned crypto drops in response.

Binance Delisting AXL, C98, and ENJ Coin Spot Trading Pairs On January 8, Binance revealed the plan to remove and cease support some spot trading pairs for Axelar, Coin98, and Enjin Coin. The delisting will take effect at 03:00 UTC on January 10.

This move followed Binance’s periodic review of market liquidity and trading volume. The exchange cited poor liquidity and low trading volume as the main reasons for delisting these pairs.

Even though the affected tokens can still be used for trading alongside other assets on the platform, the decision to remove these trading pairs has raised concerns among traders and investors. The delisting of pairs like AXL/FDUSD, C98/BTC, and ENJ/ETH signifies a shift in market dynamics, prompting users to adjust their positions accordingly.

Investors To See Liquidity Issues? Furthermore, the removal of trading pairs from Binance can result in reduced liquidity, which can increase the volatility of the affected tokens, especially amid crypto market crash. The exchange also declared that it would terminate Spot Trading Bot services for the affected pairs.

Users who have set up automated trading bots for these pairs are advised to cancel or adjust them to avoid potential losses. This warning highlights the broader implications of delisting for traders who rely on automated strategies. The delisting news triggered a sharp decline in the price of the affected tokens, contributing to the ongoing market volatility.

Binance to Remove BEL, NULS, LSK, SFP, and LIT Margin Pairs Binance Margin announced the delisting of several cross and isolated margin trading pairs. These include Bella Protocol (BEL), NULS, Lisk (LSK), Litentry (LIT), and SafePal (SFP) in BTC pairs.

The delisting process starts with restrictions on asset transfers into Isolated Margin accounts. Isolated margin borrowing will be suspended on January 9. Binance advised users to close their positions or transfer assets to Spot Accounts before January 16. On this date, all affected positions will be settled automatically, and pending orders will be canceled.

Cross-margin pairs such as LIT/BTC, NULS/BTC, and SFP/BTC will be delisted alongside isolated margin pairs, including BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, and SFP/BTC. One of the top crypto exchanges emphasized that users would no longer be able to update their positions during the delisting process, and failure to act in time could result in potential losses.

Despite these changes, the affected tokens will remain tradable in other pairs. This strategic move follows the exchange’s commitment to maintaining high-quality trading markets and optimize the user experience.

Price Impact Following Delisting Announcement Axelar’s AXL price was trading at $0.65 and fell by 12% in the last 24 hours. It was trading between a low of $0.64 and a high of $0.74. The current market cap of AXL is $583 million, with a trading volume of $15.85 million.

Coin98’s C98 token price declined by 15% from its peak level of $0.1884. It was trading at $0.16, with a market cap of $142 million and a 24-hour trading volume of $29 million.

Enjin Coin’s ENJ price was trading at $0.21, dropping 14% in the last 24 hours. It had a 24-hour trading range of $0.2098 to $0.2495. The ENJ token’s market cap stood at $381 million, with a trading volume of $32 million.

Other affected tokens included Litentry (LIT), Bella Protocol (BEL), and NULS, each experiencing a 13% dip. Lisk (LSK) saw a 10% decline, while SafePal (SFP) recorded a 5% decrease.

In addition, Binance suspended Troy token BSC deposits due to security concerns. This announcement caused Troy’s price to plummet by 40%, adding to the bearish sentiment across the market.

Binance’s “Vote to List” and “Vote to Delist”: Is There a Bias Toward BNB Chain Tokens?

Binance will delist 14 tokens from its platform on Apr. 16, following the results of its first batch of the “Vote to Delist” initiative.

The tokens being delisted include BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT. In an announcement made on Apr. 8, Binance explained that the delisting follows both internal reviews and the results of a community vote.

Over 103,000 votes were cast by more than 24,000 participants, and after filtering out ineligible votes, around 93,000 votes were validated. To be eligible to vote, users had to hold at least 0.01 Binance Coin (BNB). 

Low trading volumes, a lack of project development, a lack of community involvement, and non-compliance with the platform’s internal or regulatory standards are some of the reasons provided by Binance for the delistings. The exchange pointed out that tokens that were not delisted in this round might still be removed later on if they don’t satisfy the requirements.

All trading pairs for the 14 impacted tokens will be removed at 03:00 UTC on Apr. 16, and deposits for the tokens will be suspended. However, users will still be able to withdraw these tokens until June 9, after which any remaining balances may be converted into stablecoins.

This action follows Binance’s Mar. 31 delisting of Tether (USDT) spot trading pairs in the European Economic Area to comply with the newly enacted Markets in Crypto-Assets regulations. MiCA aims to improve oversight and accountability over digital assets within the EU by requiring exchanges to delist tokens that don’t meet specific compliance standards. 

Exchanges need to demonstrate that they meet guidelines for enhanced security, transparency, and compliance with anti-money laundering regulations. The increased regulatory pressure has forced exchanges to be more selective about which tokens they support in the region.

OKX Delists 8 Altcoins, NULS Plummets 41.8% in Market Fallout