Aave DAO approving overcollateralized stablecoin splits crypto community

Aave DAO approving overcollateralized stablecoin splits crypto community

Aave DAO, the governance body behind decentralized finance (DeFi) giant Aave (AAVE) protocol, has unanimously voted in favor of creating an overcollateralized stablecoin called GHO. The Aave company put up the GHO creation proposal on July 28, which received an overwhelming 99.9% community vote over the course of three days….

China Corruption Watchdog Probing Head of State-Backed Chip-Focused ‘Big Fund’: Details

China Corruption Watchdog Probing Head of State-Backed Chip-Focused ‘Big Fund’: Details

China’s corruption watchdog said it was investigating the head of the country’s largest state-backed chip investment fund, just over two weeks after it announced a similar probe into a former executive linked to the fund. Ding Wenwu, the head of China Integrated Circuit Industry Investment Fund, also known as the…

$200M BitGet BTC-USDT protection fund hints at investor-centric trend

$200M BitGet BTC-USDT protection fund hints at investor-centric trend

With the ultimate goal to regain investor confidence amid a prolonged bear market, crypto derivatives exchange Bitget launched a $200 million fund to safeguard users’ assets. Bitget joins the growing list of crypto companies, such as Binance, that have taken an investor-centric approach to gain investors’ trust via protection funds….

Elon Musk Claims Engagement on Twitter Dropped in Recent Weeks, Ahead of Upcoming Court Battle

Elon Musk Claims Engagement on Twitter Dropped in Recent Weeks, Ahead of Upcoming Court Battle

Amid the ongoing court battle against Twitter, Tesla CEO Elon Musk on Saturday said that the “interaction with almost all Twitter accounts seem to be much lower lately.” Taking to Twitter, Musk, on Thursday, wrote, “Interaction with almost all twitter accounts seem to be much lower in recent weeks &…