Aave DAO Halts Ether Borrowing as Ethereum Merge Draws Nearer

Ahead of Ethereum's anticipated transition, the decentralized lending and borrowing platform, Aave, has announced that it would cease loaning Ether to others. The decision came following the Aave community's overwhelming vote in favor of the suspension.

Timeline of Aave, Ethereum

With the increased adoption and attention to non-fungible tokens, several platforms like OpenSea emerged as trading hubs. As a result, people needed suitable grounds to interact and transact with the numerous NFTs available in the space.

While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company's August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.

Traders are borrowing ETH to try to game a potential fork at the time of The Merge. Crypto lending platforms are seeking to address this. The post Crypto lending platforms react to high ETH borrowing by traders ahead of The Merge appeared first on The Block.

BitMEX co-founder Arthur Hayes is detailing his outlook on the crypto landscape after the Ethereum (ETH) merge is executed. In a new interview on the Unchained Podcast, Hayes analyzes the potential success of a forked Ethereum token backed by proof-of-work miners whose business model will be abandoned once Ethereum moves on to proof-of-stake.

A wallet belonging to embattled hedge fund Three Arrows Capital has removed $33M in Staked ETH (stETH) from Curve Liquidity Farming Pool. The post Three Arrows Capital Wallet Removes Millions in ETH From DeFi Liquidity Pools appeared first on BeInCrypto.

A trading robot with a reputation for outperforming the markets is sharing its newest portfolio allocations as most crypto assets seek to recover from an overall downtrend. Each week the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments that generate a “hive mind” consensus.

Ethereum is reacting favourably to recent news of the Bellatrix hard fork. The ultimate Merge is less than two weeks away, but the last preparatory exercise before its eventual advent is the Bellatrix upgrade.

The blockchain network Ethereum has officially activated the Bellatrix upgrade, the final change before The Merge, the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoS).

AAVE suspends ETH borrowing as the risk of high utilization leading up to the Merge could affect ETH liquidity. The post AAVE Stops Loaning ETH Ahead of Merge appeared first on BeInCrypto.

A slew of new altcoin projects built on Ethereum layer-2 Arbitrum are quietly growing under the radar, according to the crypto finance platform Bankless. In a new note to subscribers, Bankless says the Arbitrum ecosystem is heating up after a recent network upgrade helped to increase its throughput and lower transaction fees.