Author: CryptoPress

Brazil’s National Monetary Council (CMN) and telecommunications regulator Anatel have blocked access to 27 prediction market platforms, including industry leaders Polymarket and Kalshi. The crackdown is based on Resolution No. 5,298, which restricts derivative contracts to economic benchmarks like inflation and interest rates, effectively banning event-based markets. Government officials cited the need to protect household income and reduce...

TokenLogic has proposed that the Aave DAO commit 25,000 ETH from its treasury to the “DeFi United” recovery fund. The coalition aims to restore rsETH backing after an April 18 exploit on Kelp DAO’s bridge left Aave with nearly $200 million in bad debt. The effort has already secured approximately 73,700 ETH in commitments from Mantle, Ether.fi, Lido, and Aave founder Stani Kulechov. The industry-wide response to the April 18 Kelp...

A coalition of DeFi protocols has pledged over 43,500 ETH (valued at more than $100 million) to restore the backing of rsETH.Mantle led the recovery effort with a 30,000 ETH loan proposal, while Aave founder Stani Kulechov personally pledged 5,000 ETH.The AAVE token has recovered to $96 as markets remain paused across five major networks during the resolution phase. The decentralized finance community has initiated an unprecedented rescue...