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Aave Labs founder and CEO Stani Kulechov says DeFiโs long-term edge is its lower cost structure.
He says this allows lending to operate at a lower cost than traditional finance.
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Bitcoin gained 24.5%, 44.9%, and 92.3% in the 12 months after the 2014, 2018, and 2022 U.S. midterms, according to CryptoQuant.
Historical data shows Bitcoin delivered strong gains following each of the past three U.S. midterm elections.
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South Africaโs First National Bank launches crypto trading for nearly 9 million customers.
Supported assets include XRP, USDT, Solana, Bitcoin, and Ethereum.
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Large Bitcoin holders are back in profit, while small wallets stayed profitable throughout the downturn.
At the June low, BTC remained above their $48K cost basis, while sharks and whales fell underwater; in 2022, BTC dropped below every groupโs cost basis.
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Glassnode identifies the largest Bitcoin liquidation cluster above price between $87.1K and $95.9K, with the heaviest concentration near $92K. If BTC breaks above the $86.5K ask zone, forced short liquidations could fuel further upside, according to Glassnode.
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Thailandโs SEC finalizes rules for Bitcoin and Ether ETFs on the Stock Exchange of Thailand.
Trading is set to begin on October 16.
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