Join the Trading Community: Learn & Earn with BingX.
Today’s Cryptocurrency Headline
DeFi lending protocol Aave has paused some operations as a temporary protection measure following reports of an issue, the protocol announced in a post on X. No funds are at risk, the protocol added. The protocol has paused Aave V2 operations on Ethereum, along with freezing certain assets on Aave V3 on Polygon, Arbitrum, and Optimism. The protocol announced service will be restarted following the approval of a forthcoming proposal to restart the paused operations, and that a postmortem explaining the issue will be released “once the issue is fully resolved.” The protocol clarified that V3 remains live on Ethereum, Base, and Metis, and V2 operations on Polygon and Avalanche are unaffected. Aave did not respond immediately to a request for comment from The Block.
BingX’s Bitcoin Chart
During the weekend, trading volume remained at a relatively low level, with minimal fluctuations in BTC. This provided a larger stage for altcoins to perform. Many altcoins experienced crazy surges over the weekend, giving people the illusion of a bull market. However, careful observation reveals that this is merely a return to the exchange rate after BTC’s previous increase. For a true bull market to return, external support is still needed.The support level is at $34,400 and the resistance level is at $35,200.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.