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2023-11-15 21:52:12 Aave lending markets resume normal operations after security scare

Aave version 2 and 3 markets have been unpaused and have resumed standard functions, marking recovery for the decentralized lending protocol. No funds have been impacted. The vulnerability that came to light on Nov. 4 impacted various lending markets across Aave V2 on Ethereum and Aave V3 on blockchains including Optimism, Arbitrum, Avalanche, and Polygon. The issue prompted immediate action from the Aave DAO. In response to the issue.

Yesterday, Aave announced the restoration of v3 markets to full functionality. Users can once again engage in depositing, repaying, initiating and closing loan positions, with the protocol operating at its full capacity. “Affected Aave V3 markets have been unpaused by the Community Guardian following governance proposal execution. Thanks to the Aave DAO for their prompt action,” the project stated. Today, v2 markets were also reactivated, thereby bringing an end to the matter. “The Aave V2 markets are now fully reactivated. The vulnerability disclosure event is now ended. Everything has been fixed and no user funds have been lost,” noted Marc Zeller, Aave contributor and founder of Aave Chan.

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2023-11-15 21:52:11 Ripple’s XRPL solution readies for significant upgrade

Ripple’s XRP Ledger (XRPL) is rolling out an upgrade as part of a two-week activation countdown, with backing from over 80% of validators. XRPL is gearing up for new features, and users on the Ripple v1.11.0 or earlier versions are urged to update their software, particularly for the critical fixReducedOffersV1 addressing DEX issues. For the upgrade to get executed, an 80% consensus must be reached within a 14-day period.

According to the XRPL v1.12.0 update, fixReducedOffersV1 upgrade’s goal is to reduce obscured order books caused by reduced offers, thereby improving the overall functionality of the XRPL. This amendment also allows protocol changes with 80% validator support within two weeks, prompting users to upgrade for continued engagement. From the taker’s standpoint, fixReducedOffersV1 can enhance exchange rates on DEXs, making reduced offers more appealing. In September, XRPL rolled out version 1.12.0, featuring significant additions like fixReducedOffersV1. This update not only addressed bugs but also made amendments to the Automated Market Maker (AMM) and Clawback functions.

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2023-11-15 21:52:11 US Regulator CFTC Files Record Number of Crypto Enforcement Actions This Year

The Commodity Futures Trading Commission (CFTC) released its enforcement results for Fiscal Year 2023 on Tuesday, showing “a record-setting number of digital asset cases.” The regulator explained that its Division of Enforcement (DOE) “filed 96 enforcement actions charging fraud, manipulation, and other significant violations in diverse markets, including digital assets and swaps markets, resulting in over $4.3 billion in penalties, restitution, and disgorgement.”

Noting that his agency remains “laser-focused on stopping and deterring fraud and manipulation in the U.S.,” The agency detailed that it “filed high-profile complaints addressing frauds by major exchanges, individual Ponzi-schemers, and others; obtained a first-of-its-kind litigation victory against a decentralized autonomous organization; charged and won another litigation victory against a digital asset futures platform; brought an innovative litigation involving cross-market manipulation in blockchains; and continued its efforts to protect the public in the decentralized finance space.” Emphasizing that the CFTC has “cemented its reputation as a premier enforcement agency.

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2023-11-15 21:41:02 'Nothing has changed' in the past year, opening the door for another FTX-like situation: CFTC Chair -Link

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2023-11-15 15:41:01 Fake filing for BlackRock XRP Trust caused brief price spike -Link

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2023-11-15 09:41:01 Crypto.com obtains license in Dubai to operate crypto exchange services -Link

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2023-11-15 03:41:01 dYdX is working with Circle to give Noble users better access to USDC -Link

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2023-11-14 21:41:01 Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi -Link

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2023-11-14 15:41:01 Ex-Polygon Veteran Wyatt Joins Optimism Foundation Unit in Growth Role -Link

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2023-11-14 09:41:01 Ethereum Wallet Drainer Steals $60M in Six Months -Link

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