Aave’s daily fees increased by around 200% within the last three months. They hit multi-month peaks of over $3 million per day, indicating intensified borrowing. The surge reflects reinvigorated DeFi lending interest. Aave continues to dominate the DeFi lending market, this time attracting attention with serious figures. CoinGecko data shows daily fees on the blockchain have increased by more than 200% since May. That signals amplified on-chain activity and soaring demand for decentralised liquidity. Most importantly, the statistics signal DeFi borrowing resurgences. The chart shows AAVE’s 24-hour fees were below $1.2 million in early May. It had surpassed 43 million…
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ChatGPT’s mobile app is raking in the revenue. Since launching in May 2023, ChatGPT’s app for iOS and Android devices has reached $2 billion in global consumer spending, according to a new analysis by app intelligence provider Appfigures. That figure is approximately 30-times the combined lifetime spending of ChatGPT’s rivals on mobile, including Claude, Copilot, and Grok, the analysis indicates. So far this year, ChatGPT’s mobile app has made $1.35 billion, up 673 percent year-over-year from the $174 million it made during the same period (January-July) in 2024, per the data. On average, the app is generating close to $193…
Key Takeaways Trump-backed American Bitcoin is eyeing acquisitions in Japan and Hong Kong to grow its Bitcoin reserves. The company plans to go public via a reverse merger and aims to build the largest and most efficient Bitcoin accumulation platform. Share this article American Bitcoin, a Bitcoin mining entity backed by Eric Trump and Donald Trump Jr., is in talks with investors about buying a listed company in Japan and potentially in Hong Kong, aiming to turn the acquisitions into regional crypto treasury vehicles, the Financial Times reported Friday.It’s the same playbook that Michael Saylor’s Strategy has used to amass…
Felix Pinkston Aug 15, 2025 10:05 The Hong Kong Monetary Authority (HKMA) reports a 2.5% decrease in credit card receivables for Q2 2025, signaling a shift in consumer credit behavior. The Hong Kong Monetary Authority (HKMA) has released its credit card lending survey results for the second quarter of 2025, revealing a notable 2.5% decline in total card receivables. This figure has dropped to HK$149.0 billion by the end of June, marking a significant decrease compared to the 5.8% reduction observed in the previous quarter, according to the Hong Kong Monetary Authority. Delinquency…
Reasons to trust Strict editing policy focusing on accuracy, relevance and fairness Created by industry experts and meticulously reviewed The highest standard for reporting and publishing Strict editing policy focusing on accuracy, relevance and fairness Morbi Pretium leo et nisl aliquam Mollis. Quisque Arcu Lorem, Ultricies Quis Pellentesque Nec, ullamcorper eu odio. Capriol founder Charles Edwards claims that Bitcoin’s famous four-year boom-and-bust pattern has effectively ended. This is not because the market has matured to a mild equilibrium, but because the engine that once forced an 80-90% drawdown was dismantled by Bitcoin’s own financial design. 4 years of Bitcoin cycle…
Key Takeaways Wells Fargo increased its stake in BlackRock’s iShares Bitcoin Trust from $26 million to over $160 million in Q2 2025. The bank also expanded its investments in other Bitcoin ETFs, including Invesco Galaxy Bitcoin ETF (BTCO) and Grayscale’s funds. Share this article Wells Fargo increased its holdings in BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), during the second quarter of 2025, according to a new SEC filing.The fourth-largest bank in the US by asset size disclosed that it held over $160 million worth of IBIT shares as of June 30, up from over $26 million at the…
I’ve always been fascinated by the concept of trading bots and the prospect of automating and streamlining a trading strategy. So much so that I decided to build Aesir, a cryptocurrency trading bot platform, with a small team a few years ago. When we started, one thing was pretty clear to us. Most algorithmic crypto trading bot platforms out there fall into one of two categories: I remember trying to build a simple multi-asset DCA strategy on one of the leading tools at the time. The interface was cluttered with so many buttons, knobs, and configuration options that it felt…
Key Takeaways The Ethereum Foundation denied involvement in the recent sale of 2,794.87 ETH. Ethereum is trading above $4,700, up around 24% in the past week. Hsiao-Wei Wang, co-executive director of the Ethereum Foundation (EF), clarified that the foundation was not involved in a recent ETH sale that sparked concern among investors. On Tuesday, on-chain reports revealed that a wallet linked to the EF sold 2,795 ETH worth approximately $13 million. The sales took place when ETH was trading above $4,500, about 5% below its all-time high. The wallet in question received 20,756 ETH from the foundation in 20217, according…
Key Takeaways Trump’s Treasury Secretary stirred concerns today with a comment that the US will not be purchasing Bitcoin. Treasury aims to increase the reserve through budget-neutral methods to support US leadership in cryptocurrency. Share this article US Treasury Secretary Scott Bessent clarified that the administration is still eyeing budget-neutral ways to grow the national Bitcoin reserve after saying on Fox Business this morning that the US government wasn’t stacking sats but just repurposing seized coins.Bitcoin that has been obtained through criminal seizures and legal forfeiture processes will form the foundation of the US Strategic Bitcoin Reserve, according to Bessent.…
Key Takeaways Hong Kong’s SFC há introduced new standards to enhance the custody of virtual assets for licensed trading platforms. The guidance mandates stronger wallet infrastructure, access controls, and management oversight to address global security risks. Share this article Hong Kong’s Securities and Futures Commission (SFC) has issued a circular to all licensed virtual asset trading platforms (VATPs) outlining minimum standards and good practices for safeguarding client digital assets.The measures, introduced under the “Safeguard” pillar of the SFC’s ASPIRe roadmap, respond to recent findings from the regulator’s targeted review and a string of high-profile custody failures on overseas platforms. These…