BTC breaks through the $88000 mark
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OKX-BTC/USDT is currently trading at $87988.70, with a 5-minute increase of 0.29%. Please be aware of market fluctuations.
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OKX-BTC/USDT is currently trading at $87988.70, with a 5-minute increase of 0.29%. Please be aware of market fluctuations.
[Aave DAO Participants Propose Poison Pill Plan to Take Over Aave Labs' Intellectual Property and Equity] Aave DAO governance forum user tulipking has proposed that the DAO initiate a 'poison pill plan' lawsuit to take control of Aave Labs' intellectual property and company equity. The proposal states that Aave Labs has monetized the brand and user base without approval, and the plan aims to protect the DAO from centralized control while ensuring value flows back to AAVE holders. In addition to taking control of the code and trademarks, the proposal demands the recovery of past brand product revenues from Aave Labs and the takeover of its equity, transforming it into a wholly-owned subsidiary of the DAO.
[The European Commission plans to issue approximately €90 billion in bonds in the first half of 2026] The European Commission has announced plans to issue approximately €90 billion in bonds in the first half of 2026. The funds raised will be used to support Ukraine and provide loans to member states. These funds will be distributed through the 'NextGenerationEU' program and the 'European Peace Facility' mechanism, with up to €33 billion in loans to be provided to Ukraine between 2024 and 2027. Analysts point out that, against the backdrop of internal disagreements within the EU over using frozen Russian assets to support Ukraine, the bond issuance plan aims to provide Ukraine with continuous and stable financial support.
[Coinbase Officially Launches Spot Trading for Theoriq (THQ) and Beam (BEAM)] Coinbase has officially launched spot trading for Theoriq (THQ) and Beam (BEAM) earlier today.
[South Korea Audit Finds Over $15 Million in Relief Funds Misallocated to Crypto Investors, Plans to Amend Laws for Asset Verification] South Korea's audit agency has discovered that approximately 269 individual crypto traders received over $15 million in debt relief from the government’s 'New Start Fund,' which was established to support small and medium-sized enterprises post-pandemic. One beneficiary, who had $62,000 in debt forgiven and saw a 77% reduction in liabilities, still held around $307,000 in crypto assets. Regulators stated that under the current system, it is difficult to verify crypto assets. Legislative amendments are being pushed to grant the Korea Asset Management Corporation (KAMCO) the authority to access beneficiaries' unlisted stocks and crypto assets without consent.
[Wall Street Banks Have Sold Over $530 Million in Bitcoin-Linked Structured Products Since July] Goldman Sachs, JPMorgan, Morgan Stanley, and other major Wall Street banks are selling structured products linked to BlackRock's Bitcoin Spot ETF (IBIT) to high-net-worth clients. Since Jefferies issued the first related note in the U.S. in July, multiple institutions have followed suit, with cumulative sales exceeding $530 million, indicating that Bitcoin is rapidly integrating into the mainstream financial product system.