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Coverage, page 9

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Request Network Introduces One-Click Cross-Chain Mass Payouts and Expands Wallet Screening With Merkle Science

[PRESS RELEASE – Zug, Switzerland, June 25th, 2026] Anyone can now execute mass payouts across EVM chains and Tron from a single platform and can choose between multiple wallet screening providers. Just three weeks after releasing major upgrades for crypto payment collection, the Request Network Foundation today announced another expansion of its stablecoin payment platform. […]

CryptoPotatoCryptoPotato•Chainwire25 Jun

Virell Trade Launches Stabliq Wallet for Stablecoin Management on Ethereum and TRON

[PRESS RELEASE – Ras Al Khaimah, UAE, June 24th, 2026] Fintech developer Virell Trade has officially announced the launch of Stabliq Wallet, a secure, non-custodial cryptocurrency wallet engineered specifically for the management of stablecoins across the Ethereum and TRON networks. Designed to enhance digital asset security and accessibility, the application provides comprehensive storage, transfer, and […]

CryptoPotatoCryptoPotato•Chainwire24 Jun

TRON DAO Participates in ETHConf and Hosts TRON Academy powered by niTROn at ETHGlobal New York 2026

PRESS RELEASE. Geneva, Switzerland, June 15, 2026 — TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), participated in ETHConf, held June 8–10 in New York, organized by ETHGlobal. TRON DAO also extended its presence throughout the week with a dedicated TRON Academy Happy […]

Bitcoin.com NewsBitcoin.com News•Media15 Jun

Aave-led 'DeFi United' campaign raises $300m to address Kelp DAO breach

A version of this story appeared in The Decentralised newsletter on April 28. Sign up here. There’s been a silver lining to this month’s devastating Kelp DAO/LayerZero hack: DeFi United, an impromptu, crowdsourced recovery fund. The fund, orchestrated by Aave, has tentatively raised more than $302 million to date, much of it from DAOs and crypto businesses within the blast radius of the hack. That’s enough to fully cover the April 18 exploit, in which hackers affiliated with North Korea stole some $293 million in rsETH from Kelp DAO by targeting its faulty implementation of a LayerZero-provided bridge — technology that lets Kelp move assets between different blockchains. The hackers deposited $200 million of the stolen assets as collateral on Aave and borrowed large amounts of Ether. This left Aave with at least $177 million in unrecoverable bad debt. Aave wasn’t hacked, but it may have been the prime victim. Its deposit base fell by nearly 50% as spooked investors withdrew their crypto. Aave Labs CEO Stani Kulechov said he would contribute 5,000 Ether worth about $11 million to the DeFi United fund. Other Aave contributors have also pledged money to the effort. Arbitrum DAO, Mantle, and Consensys have pledged at least 30,000 Ether apiece. Ether.Fi and Lido DAO have pledged 5,000 and 2,500, respectively. Kelp DAO and LayerZero have also said they would pitch in. More surprising, however, is the fact that businesses and people largely unaffected by the hack have also jumped in to help. Though they haven’t contributed to the fund, the Solana Foundation and Tron founder Justin Sun both plan on depositing stablecoins in Aave, a move that can help stabilize lending markets there. Both name-checked DeFi United when announcing the moves. Count crypto VC Haseeb Qureshi among those heartened by DeFi’s kumbaya moment. “I might have to take back everything I said criticizing Ethereum rainbows and unicorns,” he said , referring to the vaguely utopian and communal ethos among many prominent Ethereum developers. “Sometimes rainbows and unicorns are exactly what a community needs. Very surprised this all came together through donations.” But it hasn’t been without controversy. Michael Bentley, the former CEO of Aave competitor Euler Labs, called it “good marketing.” “'DeFi United’ has a much nicer ring to it than ‘bailout,’” he wrote on X. The effort has even been controversial in the Aave governance forum. TokenLogic, an Aave DAO service provider, proposed contributing 25,000 Ether — worth $57 million on Tuesday — from the cooperative’s treasury. But some members had concerns. Tokédex founder Robby Greenfield noted that it asks much of the DAO “without requiring, as a precondition, any systemic reform to prevent the exact same failure from recurring.” Other members had similar qualms . Still, TokenLogic advanced the proposal to the voting stage, arguing that changes to Aave’s risk management practices were a separate, parallel conversation. “Conditioning disbursement on deliverables in a separate workstream would introduce delays and ambiguity at a moment that requires broader, industry-wide, aligned action,” it wrote on the forum. Voting began today. The hack caused a crisis of confidence in crypto. The recovery effort provided a much-needed boost of morale. Now, we have to wait and see whether the whole fiasco will lead to the kind of reform that can turn this niche corner of world finance into a mainstream product. Top DeFi stories of the week This week in DeFi governance VOTE: Lido DAO votes to contribute 2,500 Ether to DeFi United Recovery fund VOTE: Aave DAO votes to contribute 25,000 Ether to DeFi United VOTE: Aave DAO votes to formalise buyback pause Aleks Gilbert is DL News’ New York-based DeFi correspondent. You can reach him at aleks@dlnews.com .

DLNewsDLNews•Aleks Gilbert28 Apr

Justin Sun announces $20m boost for Aave as he calls on lender to expand to his blockchain

Crypto mogul Justin Sun has announced a $20 million liquidity injection for Aave, and called on the top DeFi lender to expand to Tron, the blockchain he founded in 2017. Sporting some $5.3 billion in deposits, Tron is the fifth biggest blockchain for decentralised finance. It has a cult following thanks to its billionaire founder, and a strong user base across Asia and several developing countries. Yet despite its size, Aave has yet to deploy code there. Sun wants that to change. “TRON and HTX stand together with AAVE jointly supplying $20M USDT to AAVE Core V3 Market in a show of support to bring AAVE to TRON. DeFi United!” Sun said in a Monday X post. HTX, a Seychelles-based crypto exchange, is also owned by Sun. The Tron founder’s pledge of support comes after North Korea stole some $293 million from KelpDAO, an Ethereum DeFi protocol, on April 18. The hackers deposited $200 million of the stolen assets as collateral on Aave and borrowed large amounts of Ether. This left Aave with at least $177 million in unrecoverable bad debt. A coordinated effort among big names in DeFi, coupled with partial recoveries of the stolen funds, have helped Aave plug the hole. So far, the lender has secured $160 million — around 80% — of the needed coverage. Sun previously pleaded with the Kelp DAO hackers to return the stolen funds. Aave on Tron Whether or not to deploy Aave on the Tron blockchain isn’t a new debate. In April last year, Aave-Chan Initiative, an Aave DAO service provider, ran a vote to see if DAO members were interested in a potential Tron deployment. The vote passed and Aave-Chan Initiative called for the publication of a formal request for comment on the deployment, which ran between April 30 and August 22 that year. Several Aave DAO service providers, including Chaos Labs and LlamaRisk, provided feedback and risk recommendations. Yet since then, there’s been little progress. Sun’s comments — coupled with his $20 million liquidity injection — could help reignite discussions, and potentially lead to a binding onchain vote over whether to expand Aave to Tron. Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Reach out with tips at tim@dlnews.com .

DLNewsDLNews•Tim Craig27 Apr