Originally published on: October 04, 2024
Grayscale Investments has caught the DeFi wave by launching a new Aave fund, offering access to AAVE, the governance token for Aave. This move has stirred up the decentralized finance (DeFi) space yet again. Join us as we delve into the latest happenings in the crypto world.
Grayscale Investments recently announced the creation of the Grayscale Aave Trust, providing investors a chance to get their hands on AAVE, the much sought-after governance token of the Aave platform.
In a parallel development, Polymarket prediction app users are reeling from mysterious Google login wallet attacks. Several users have reported their wallets being drained after signing in with their Google accounts.
If that wasn’t enough excitement, Solana’s native token SOL took a 9% dip over two days to September 29, reflecting an overall decline in altcoin market capitalization. But despite the fall, network usage has surged, sparking speculation about SOL’s prospects against other digital assets.
Meanwhile, Apollo Crypto has predicted a potential second wave of DeFi growth. With factors like the US Federal Reserve’s interest rate cut and China’s credit expansion playing a pivotal role, DeFi could be on the verge of a resurgence.
The crypto landscape isn’t short of drama either. Duo Nine, the brains behind Your Crypto Community (YCC), narrowly escaped an impersonation scam orchestrated by fake ParaFi executives. The scammers attempted to steal Nine’s private key through malware disguised as a harmless patch for Slack.
As we wrap up the week, the top 100 cryptocurrencies have remained steady after overcoming earlier losses. FTX Token (FTT) emerged as the standout performer, climbing over 72%, closely followed by Aptos (APT) with a 9.27% rise.
Stay updated on all things DeFi with us as we unravel the latest trends, news, and insights from the dynamic world of decentralized finance. See you next week for more exciting updates!
