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On the 24th of June, the Horizon bridge connecting Harmony – a Layer-1 PoS blockchain built for native token ONE – to the Ethereum and Binance Chain ecosystem was hacked, leading to a loss of approximately $100 million in ETH. The exploit was announced on Twitter by the Harmony team, who stated that they are hunting for the culprit.
The Latest in a Series of Vulnerabilities

1/ The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM. We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds.
More 
— Harmony  (@harmonyprotocol) June 23, 2022

The bridge has since been shut down to prevent further losses. Harmony devs have also clarified that the BTC bridge is unaffected.
The attack appears to have taken place over the span of 17 hours, starting with a transaction worth a whopping 4,919 ETH, followed by several smaller transactions ranging from 911 to 0.0003 ETH. The last one took place after the bridge had been shut down.
The hack is the latest in a series of exploits affecting the crypto space, such as the Axie Infinity drain, Solana Wormhole, or, more recently, the (misplaced) Optimism fiasco. Another recent vulnerability, the Demonic exploit, which affected multiple crypto wallets, was patched before any damage could be done.
Exchanges have reportedly been notified, as well as “national authorities and forensic specialists.” Unfortunately for Harmony, the former may not be of much help in the event the identity of the hacker is discovered, depending on the jurisdiction that the hacker may be located in.
“We have also notified exchanges and stopped the Horizon bridge to prevent further transactions. The team is all hands on deck as investigations continue. We will keep everyone up-to-date as we investigate this further and obtain more information.”
Prior Warning Issued By Independent Researchers
Curiously, a warning was issued by an independent researcher and blockchain dev Ape Dev back on the 2nd of April. In a series of tweets, Ape Dev called attention to the fact that the security of the Harmony Bridge was built around a multi-sig wallet with only four owners. He predicted that this could be used to execute a very simple attack by getting 2 of the owners to sign off on transfers worth up to $330million.
His sleuthing talents have since been recognized by Brendan Eich, the CEO and co-founder of Brave.

 https://t.co/MCi4MXJuge
— Ape Dev (@_apedev) June 24, 2022

Whether the Harmony attacker got the idea from Ape Dev’s indication or reached the same conclusion independently is unclear. In either case, however, the warning came nearly three months before the unfortunate event, which should have given Harmony devs enough time to secure their systems.
With cyberattacks becoming more and more prevalent in the crypto space, the security standards of various blockchain-based platforms will likely be scrutinized by third parties with increasing regularity – and rightfully so.


A variety of tokens were stolen using this exploit, ranging from wBTC and wETH to AAVE, FRAX, and several stablecoins among other tokens.

cryptopotato.com

Harmony Bridge Hacked, $100 Million Worth of Ethereum Lost

"What if we actually can have ownership on our own presence in social media — our profiles, our social identities?” asked Stani Kulechov.

cointelegraph.com

The community-centered approach to Web3 — Aave founder and CEO

The MakerDAO decided to cut off Aave from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of stETH.

Maker cuts off Aave's DAI supply as fallout from Celsius continues

The biggest 100 Ethereum whales have turned their attention to a slew of altcoins in multiple sectors as ETH and the broader crypto markets continue to move lower.
According to blockchain tracking service WhaleStats, decentralized borrowing and lending protocol Aave is the third most purchased crypto asset among ETH whales in the last 24 hours at time of writing.

As per WhaleStats, Ethereum whales have clocked an average purchase amount of 151 AAVE worth $26,262.
Also in the decentralized finance (DeFi) sector, ETH whales are accumulating Compound (COMP), an algorithmic, autonomous interest rate protocol, the on-chain data reports.
The deep-pocketed crypto holders on the Ethereum network are also paying attention to two altcoins in the decentralized media sector.
WhaleStats’ on-chain data shows that Livepeer (LPT) is the third most purchased altcoin by Ethereum whales in the last 24 hours, and Audius (AUDIO) is the fourth.
Livepeer aims to provide a decentralized video-streaming protocol while Audius is trying to create a decentralized, artist-centric audio streaming service.
Also showing up on the list of most sought-after altcoins by ETH whales is NuCypher (NU), which offers cryptographic services such as access control and data privacy. NU is the sixth most purchased token by ETH whales, excluding stablecoins and ETH.
After NU is Spell (SPELL), an Ethereum token that governs Abracadabra.money, a platform that lets users deposit collateral in the form of interest-bearing crypto assets.
Rounding out the list is PAX Gold (PAXG), an Ethereum-based stablecoin that is issued by Paxos and backed by gold. The top altcoins held by ETH whales are stablecoin USD Coin (USDC) and Ethereum itself.
Source: WhaleStats
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Featured Image: Shutterstock/jamesteohart/Natalia Siiatovskaia
The post World’s Biggest Ethereum Whales Accumulate Aave, Compound and Four Additional Altcoins: On-Chain Data appeared first on The Daily Hodl.


The biggest 100 Ethereum whales have turned their attention to a slew of altcoins in multiple sectors as ETH and the broader crypto markets continue to move lower. According to blockchain tracking service WhaleStats, decentralized borrowing and lending protocol Aave is the third most purchased cr...

dailyhodl.com

World’s Biggest Ethereum Whales Accumulate Aave, Compound and Four Additional Altcoins: On-Chain Data

Aave managed to break past its crucial resistance of $104 over the last 24 hours. As the market demonstrated strength, altcoins across the industry attempted to move north. Bitcoin climbed above the $30,000 price level and this extended gains across the altcoin market.
At the time of writing, Aave was still quite close to the $104 price level which now acts as a support. The bulls need to amplify in order for the bearish thesis to be invalidated. Over the last week, Aave gained about 10% on its chart. A current fall in price will push the coin below the $103 support line.
Right now the coin has been facing strong resistance at the $108 price level. For the coin to trade in a bullish price action, it is important for Aave to trade above the $108 resistance level. If the coin doesn’t manage to move above the aforementioned level then Aave might extend further losses.
Aave Price Analysis: One Day Chart
 Aave was priced at $105 on the one day chart | Source: AAVEUSD on TradingView
The altcoin was trading at $105 at the time of writing after breaking past the $104 resistance level. Overhead resistance for the coin stood at $108. A break below the current price level can push the coin to the $93 mark. The other major resistance mark stood at $120.
Aave last traded around this price level in the month of January 2021. Over the last one week however, buyers attempted to return to the market. The same reading was reflected on the volume bars. Volume traded in the last session was in the green. This indicated bullish price action at press time.
Technical Analysis
 Aave registered improvement in buying strength on the one day chart | Source: AAVEUSD on TradingView
Over the past week as Aave continued to display strength, buying strength slowly mounted on the chart. The Relative Strength Index reflected the same. At the press time, the indicator was on the half-line, this reading meant that there were equal number of buyers and sellers in the market.
The price of Aave however was parked above the 20-SMA line which indicated that the price action was more inclined to favour the buyers. The buyers were responsible in driving the price momentum in the market.
Related Reading | Aave Below Its Long Term Support; What To Expect Now?
 Aave flashed a buy signal on the one day chart | Source: AAVEUSD on TradingView
The coin so far has painted mixed signals on the one day chart. Although most indicators swayed towards bullishness, some were yet to reflect the same price action. The Chaikin Money Flow registered a downtick, this signified a fall in capital inflows over outflows.
On the other side, Moving Average Convergence Divergence underwent a bullish crossover as price of the coin started to look optimistic. The green histograms on the MACD were also indicative of the buy signal. If buyers act on it then Aave can even attempt to trade near the $120 price mark, however, support from broader market will be required.
Related Reading | Bitcoin Bullish Signal: 1k-10k BTC Holders Have Been Buying Recently















Aave managed to break past its crucial resistance of $104 over the last 24 hours. As the market demonstrated strength, altcoins across the industry attempted to move north. Bitcoin climbed above the $30,000 price level and this extended gains across the altcoin market. At the time of writing, Aav...

newsbtc.com

Aave Broke Past Crucial Resistance, Which Way Is It Headed Now?

Bitcoin is attempting to form a higher low at $28,630 and if that happens, ETH, XTZ, KCS and AAVE may rally in the near term.

Top 5 cryptocurrencies to watch this week: BTC, ETH, XTZ, KCS, AAVE

ATOM was trading over 15% higher on Friday, as prices rose for a second consecutive session. Today’s rise took ATOM to its highest point since the start of the week, and comes as AAVE neared a 10-day high.
Cosmos (ATOM)
ATOM was one of the biggest movers in Friday’s session, as price climbed to its highest point since the beginning of the week.
Following a low of $10.55 on Thursday, ATOM/USD surged by over 15% on Friday, hitting a peak of $12.12 in the process.
The move comes as ATOM used yesterday’s support point of $9.90 as a springboard to these heights, following a huge bearish drop the day prior.

Today’s surge now sees prices approaching a ceiling of $12.35, which has been in place since May 11, following almost two weeks of declines.
Looking at the chart, after breaking out of one resistance level of 34, the Relative Strength Index is now tracking at 38, which is close to another ceiling at 40.
Should we see ATOM overcome this obstacle, then bulls will likely make a run toward the $15 mark during the course of the weekend. 

Aave (AAVE)
AAVE also rose for the second session running, with Friday’s gains pushing prices close to their highest level in nearly two weeks. 
Today’s surge in AAVE/USD, which is also over a 10% climb, saw prices hit a peak of $97.38 less than 24 hours after trading at $86.41.
Friday’s top is the most AAVE has traded at since May 10, when prices dropped from highs above $120.

As a result of the recent market consolidation, which has seen prices track at a support of $80 and resistance of $95, the 10-day moving average has gradually begun to trend sideways.
This, in the long-term, could be a positive for bulls anticipating an upwards crossover in the next few weeks.
Currently the RSI is hovering at 39.48, which is not too far from the next ceiling of 43, which will likely be when this bullish sentiment is next tested.
Do you expect AAVE to start the weekend trading above $100? Let us know your thoughts in the comments.



























ATOM was trading over 15% higher on Friday, as prices rose for a second consecutive session. Today&#x2019;s rise took ATOM to its highest point since the start of the week, and comes as AAVE neared a 10-day high. Cosmos (ATOM) ATOM was one of the biggest movers in Friday&#x2019;s session, as pric...

news.bitcoin.com

Biggest Movers: Cosmos Climbs 15%, as AAVE Nears a 10-Day High

Operated by DeFi lender Aave, its decentralised social media platform, Lens Protocol has gone live on the Polygon blockchain mainnet.
Lens Protocol was first introduced in February 2022. Aave decided to introduce Lens Protocol as a decentralized competitor to Twitter and Facebook. Lens Protocol is a network which is used to build decentralized social media and has gone live on the Polygon blockchain.
The social media platform is similar to Twitter however, Lens profiles are linked to Non-Fungible Tokens which can then be ported to decentralised applications.
According to reports, close to 50 applications were brought to the fore on the Lens Protocol platform.  Apps include Lenster, Lens Booster, SpamDAO, GoldenCircle, PeerStream, Swapify, Social Link to name a few.
Stani Kulechov, CEO And Founder Of Aave Wants A Better Social Media Experience
The thought behind creating the platform was to facilitate a social media platform that will allow decentralisation of the content ownership and user accounts with a help of a blockchain network.
Traditional social media accounts function through the help of email-ids and the system of unique usernames.
Lens Protocol is different because the latter uses crypto addresses and Non-Fungible Tokens (NFTs) for authentication and monetisation.
Due to this particular feature, the users rather than centralised company is in control of the content and personal data which are associated with the user accounts.
Often centralised social media have the right to suspend and terminate accounts permanently without an explanation.
Recently, the CEO of Aave faced a similar issue with Twitter after his account was suspended owing to a particular tweet.
Right after this suspension, he took the issue into consideration and had decided to come up with the decentralised social media platform.
He stated,
The social media experience has remained relatively unchanged for the last decade, and much of that is due to your content being solely owned by a company, which locks your social network within one platform
Related Reading | Aave To Introduce A Decentralized Social Media Platform Built On Polygon
Polygon In Alignment With Aave’s Vision
Aave CEO also noted that the ownership over content created has been missing and is in fact, “long overdue”. In accordance with the aforementioned idea, co-founder of Polygon, Sandeep Nailwal, agreed with the importance of ownership of content.
Polygon also is of the similar notion that there has to be “secure content ownership”. Aave had also additionally launched a $250,000 grants program which will fund the projects that will build decentralized applications (dapps) on Lens.
Barring the social media DApps, the liquidity market protocol creators have also targeted to use nonfungible token (NFT) technology alongside the Lens’ open-source blockchain technology which will allow developers to create marketplaces, with algorithm suggestions and recommendations along with other applications.
Aave had begun developing a decentralized social media platform, but had finally decided to build on Polygon mainnet rather than Ethereum’s mainnet.
Related Reading | How Polygon Studios Captures Web2 Talent, Hires Staff From Amazon, EA And Others
Bitcoin was priced at $30,000 on the one day chart | Source: BTCUSD on TradingView


Operated by DeFi lender Aave, its decentralised social media platform, Lens Protocol has gone live on the Polygon blockchain mainnet. Lens Protocol was first introduced in February 2022. Aave decided to introduce Lens Protocol as a decentralized competitor to Twitter and Facebook. Lens Protocol i...

bitcoinist.com

Operated By Aave, Lens Protocol Finally Goes Live On Polygon Blockchain

The announcement comes a month after Aave founder Stani Kulechov gets suspended from Twitter for his joke about being the interim CEO of the social company.  

Aave launches open-source platform for social networking DApps on Polygon

A handful of concerning factors, plus AAVE’s correlation with the Nasdaq, increases the possibility of the altcoin undergoing another massive sell-off.

Aave price risks a 25% plunge as a classic bearish reversal pattern emerges

Global crypto markets are up over 2% during Tuesday’s session, with AAVE and AVAX two of the biggest tokens to rise. Both of these cryptocurrencies rebounded from losses during yesterday’s session, with AAVE trading as much 10% higher.
Aave (AAVE)
AAVE rebounded during Tuesday’s trading session, as bulls returned to action after a recent three-day winning streak was snapped yesterday.
Following a low of $82.02 to start the week, AAVE/USD rallied by as much as 10% today, hitting a peak of $92.16 in the process.
Today’s move pushed prices away from the long-term support level of $80, and they now hover marginally below a resistance point of $94.

Bulls in AAVE seem to be targeting the $100 level, however we will likely not see a move towards this point unless the current ceiling on the RSI is broken.
Looking at the chart, the 14-day Relative Strength Index is tracking below a resistance of 36.30, which is the highest point the indicator has hit in the past ten days.
Overall, although prices are currently oversold, both the short and mid-term moving averages show that momentum is still bearish.

Avalanche (AVAX)
Similar to AAVE, AVAX saw its price climb higher on Tuesday, after a brief stint in the red to start the trading week.
AVAX/USD rose to a peak of $35.47 earlier in the day, which comes following a low of $32.22 during Monday’s session.
As a result of today’s move, AVAX is now trading marginally below a resistance level of $37.30, which appears to be the point bulls are targeting. 

Overall, relative strength on the current chart shows that prices are still oversold, and tracking near multi-month lows.
Looking at the chart, there is an upcoming resistance level at 32, which will test this recent bullish sentiment, which has seen prices climb for four of the last five sessions.
Should bullish strength continue to increase, we will likely see prices move towards $40 in upcoming sessions.
What level do you expect to see AVAX at to end the week? Let us know your thoughts in the comments.



























Global crypto markets are up over 2% during Tuesday&#x2019;s session, with AAVE and AVAX two of the biggest tokens to rise. Both of these cryptocurrencies rebounded from losses during yesterday&#x2019;s session, with AAVE trading as much 10% higher. Aave (AAVE) AAVE rebounded during Tuesday&#x201...

Biggest Movers: AVAX Rebounds on Tuesday, AAVE up Over 10%

Aave has been on a downtrend since April amidst intense volatility in the market. Major altcoins have extended losses owing to a major sell off all across the cryptocurrency industry. Over the past week, the coin presented lower lows and displayed intense selling pressure.
The altcoin has also experienced high trading volumes which was tied with increased selling pressure. This has also added to the falling market value of the asset on the one day chart.
Fall from the current price level would mean Aave could soon eye the support region of $50. Aave has been among the top losers in the industry with a loss of over 51% in the past one week.
Aave Price Analysis: One Day Chart
 Aave was priced at $74 on the one day chart | Source: AAVEUSD on TradingView
Aave was priced at $74.80 at the time of writing. The altcoin traded at this price level a year ago in January. The downtrend for Aave seems strong because the altcoin just broke below its long standing support line of over a year.
Chances of a price reversal cannot be ruled out yet because the altcoin has broken below its descending trendline. Often after a sharp fall, prices make a turn around. In case of a price revival, Aave could target $111.
Another fall from its present price level would make the altcoin trade near the $61 support line and then hover around the range of $50. As mentioned above, the trading volume rose and was seen in red signifying bearishness in the market.
Technical Analysis
 Aave registered sharp sell-off on the one day chart | Source: AAVEUSD on TradingView
Aave was in middle of a sharp sell-off, the coin hadn’t registered the same selling pressure in the last one year. This reading shows excessive bearish pressure in the market. On the Relative Strength Index, the indicator stood close to the 20-mark, this meant oversold condition for the coin.
Aave last hovered at this point in the month of December 2020. Bollinger Bands that display volatility showed chances of volatility. The bands expanded which are an indication of increased price volatility.
Related Reading | TA: Bitcoin Breaks $30K, Why This Could Turn Into Larger Downtrend
 Aave displayed bearish momentum on the one day chart | Source: AAVEUSD on TradingView
Awesome Oscillator depicts the price momentum of the market. On the one day chart, the indicator was seen below the half-line. It displayed amplified red signal bars which was a sign of bearish price action. Only in the case of buyers resurfacing can Aave try to display recovery on charts.
The chances of revival over the immediate trading sessions seem weak as strength from the broader market is required. Chaikin Money Flow displays capital outflows and inflows.
On the chart, the indicator was seen below the half-line and it continued to move southbound as capital outflows exceeded capital inflows.
Related Reading | Bitcoin Exchange Inflows Hit Three-Month High As Market Braces For More Downside
Featured image from UnSplash, chart from TradingView.com


Aave has been on a downtrend since April amidst intense volatility in the market. Major altcoins have extended losses owing to a major sell off all across the cryptocurrency industry. Over the past week, the coin presented lower lows and displayed intense selling pressure. The altcoin has also ex...

Aave Below Its Long Term Support; What To Expect Now?


Increased demand for CVX during the recovery attempt of the market in March stabilized Convex Finance TVL which has surpassed Aave (AAVE) TVL at the beginning of May 2022. 



Convex Finance (CVX) has seen its total value locked (TVL) beat out major competitors such as Aave, Uniswap (UNI), Compound (COMP), PancakeSwap (CAKE), Instadapp, SushiSwap (SUSHI), Yearn Finance (YFI), and Bancor (BNT) among others. 



The Convex Finance protocol had approximately $11.26 billion in TVL, according to Be[In]Crypto Research. 



Source: DeFiLlama



Although Convex Finance opened May with a TVL of around $11.56 billion, the protocol still managed to hold the lion’s share against one of the best DApps in the space today, Aave.



As an inventive decentralized finance (DeFi) protocol, Convex Finance was built on top of Curve Finance, a stablecoin exchange. At its peak, CRV stakers, and Curve liquidity providers (LPs) are rewarded with additional DeFi yields by Convex Finance.  



Convex Finance TVL continues to decline in 2022 



As an ERC20 token that was launched on the blockchain technology of Ethereum in May 2021, Convex Finance experienced a huge amount of growth within 12 months. 



A few days after launching, Convex Finance had a TVL in the region of $190.56 million on May 19. By the end of the month, Convex Finance TVL was approximately $966.12 million. 



Although the crypto finance market flipped bearish in the last two weeks of May and June 2021, the DApp was not affected by the trends of the market. 



Convex Finance TVL on June 30 was around $4.09 billion, a huge leap in one month. 



With another bull run in the third quarter which deepened significantly in the last quarter of 2021, Convex Finance TVL by the close of Sep. 30 was $7.93 billion. On Oct. 1, the total value locked in the protocol soared to $8.37 billion. 



With many cryptocurrencies including CVX seeing new gains in the days leading up to the end of the year, Convex TVL on Dec. 31, reached a new all-time high of $19.19 billion. 



Overall, there was a 9,970.32% increase in the opening and closing TVLs in 2021. 



The bearish trends of the market were carried into 2022. 



Convex Finance TVL on Jan. 1 was $19.93 billion and was in the region of $11.26 billion, as of writing. Overall, Convex Finance TVL has plunged by 43% in 2022.



Aave Falls behind Convex Finance in Total Value Locked 



Top ten protocol, Aave (AAVE) has a higher market capitalization than Convex Finance. However, its TVL has fallen behind Convex Finance in the opening days of May 2022. 



At the beginning of 2022, Aave TVL was $14.34 billion, and by the end of January, it was in the region of $11.65 billion. 



The end of February saw Aave TVL hit $11.53 billion. Aave TVL increased in line with the recovery of the market in March to close the first quarter of the year at $14.12 billion. 



Unfortunately, Aave succumbed to the bearish outlook of the overall TVL of the decentralized finance market in April. 



After opening on April 1, with a TVL of $13.77 billion, it closed the month by falling to a new low of $11.27 billion.  



As of writing, Aave TVL was approximately $11.12 billion.



Source: DeFiLlama



The decrease in demand for decentralized protocols has contributed massively to the decline in Aave and Convex Finance TVLs. 



How has declining TVL affected CVX? 



CVX opened on Jan. 1, 2022, with a trading price of $48.98, reached a yearly high of $62.69 on the same day, and declined to $23.02 on May 6. Overall, there has been a 53% decrease in the price of CVX in 2022. 







Source: CVX/USD Chart by Trading View



How has waning TVL affected AAVE? 



AAVE opened on Jan. 1, 2022, with a trading price of $255.03, reached a yearly high of $284.65 on Jan. 3, and plunged to a new low of $138.38 on May 6. Overall, there has been a 45% drop in the price of AAVE in 2022. 



Source: AAVE/USD Chart by TradingView



What do you think about this subject? Write to us and tell us!
The post Convex Finance (CVX) Surpasses Aave in Total Value Locked appeared first on BeInCrypto.


Increased demand for CVX during the recovery attempt of the market in March stabilized Convex Finance TVL which has surpassed Aave (AAVE) TVL at the beginning of May 2022. 
The post Convex Finance (CVX) Surpasses Aave in Total Value Locked appeared first on BeInCrypto.


beincrypto.com

Convex Finance (CVX) Surpasses Aave in Total Value Locked


Twitter has permanently suspended the account of Aave founder Stani Kulechov, presumably over a joke on the social media site’s leadership.



Kulechov told his 173,000 followers late Tuesday that he was joining Twitter as interim CEO – a tweet considered by many people as a joke – others found it confusing. 



“It was an indirect shameless plug for Lens Protocol,” said Alex Masmej, founder of NFT platform Showtime. Masmej was referring to Kulechov’s new decentralized social network, a censorship-resistant protocol that allows users to mint profiles.



“I’m split between ‘isn’t it ironic?’ and ‘flirting with misinformation for clout is bad’,” he added, in a thin-veiled attack on Kulechov’s antics.







The approach taken by the Aave founder is known in social media nomenclature as ‘shameless plugging’, where a user piggybacks on a popular post to promote their work.



Aave is a prominent DeFi lending and borrowing protocol boasting more than $11.9 billion in total value locked – the sum of assets managed by the protocol – according to data compiled by Defillama.



Aave ban casts doubts over Musk’s free speech mantra



Kulechov’s ban comes just days after Twitter accepted a $44 billion takeover by Tesla CEO and billionaire Elon Musk.



Twitter’s current chief executive officer Parag Agrawal is expected to retain his position until after the deal is finalized later this year, when Musk takes the company private.



However, the suspension casts doubts over calls by the new Twitter owner that his thrust will be premised on freedom of speech.



“I hope that even my worst critics remain on Twitter, because that is what free speech means,” Elon Musk wrote on his Twitter about 48 hours before the Aave founder’s ban.



“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” he added in a separate statement following the takeover.



Twitter says accounts are suspended for breaking its rules.



“When we permanently suspend an account, we notify people that they have been suspended for abuse violations, and explain which policy or policies they have violated and which content was in violation,” the rules say.



It is not clear whether Kulechov will be able to regain his account or create a new one. Former U.S. President Donald Trump remains banned from the social media network since his account was permanently suspended in January 2021.



What do you think about this subject? Write to us and tell us!        
The post Twitter Permanently Suspends Aave Founder Stani Kulechov’s Account Over ‘CEO’ Joke appeared first on BeInCrypto.


Twitter has permanently suspended the account of Aave founder Stani Kulechov, presumably over a joke on the social media sites' leadership.
The post Twitter Permanently Suspends Aave Founder Stani Kulechov&#8217;s Account Over &#8216;CEO&#8217; Joke appeared first on BeInCrypto.


Twitter Permanently Suspends Aave Founder Stani Kulechov’s Account Over ‘CEO’ Joke

APE was up close to 30% on Wednesday, as the recently listed token climbed to its highest point since it began trading on March 17. AAVE also saw a double-digit percentage increase today, whilst ZIL extended recent gains.
AAVE
AAVE was up by nearly 10% in today’s session, as prices rallied for a third consecutive session, following losses last week.
Tuesday saw AAVE/USD hit a low of $175.69, however today, prices surged to an intraday peak of $198.02.
This move saw AAVE climb to its highest point in two weeks, April 6 to be precise, where price was trading above $200.

Looking at the chart, this $200 mark has long acted as a resistance point, and this ceiling held firm today as bulls raced towards this level.
Bulls would have likely taken profits, as the 14-day RSI neared its own ceiling of 54.90, which hasn’t been broken in over a month.
Should this ceiling be broken, there is a strong possibility that prices could be heading towards $240, which seems to be the next key resistance point.

Zilliqa (ZIL)
Speaking about resistance, ZIL rose to its own ceiling during Wednesday’s session, as traders extended yesterday’s bullish momentum.
Following a bottom of $0.1097 yesterday, ZIL/USD hit an intraday high of $0.1237 on hump-day, which is its highest level since last Thursday.
This high was also marginally below its long-term resistance level at $0.1260, which was last broken two weeks ago.

Several false breakouts later, ZIL is now once again back to this point, and bulls have so far been hesitant to act.
Looking at the chart, ZIL is now trading around $0.1203, which comes as bulls have likely liquidated earlier positions, giving way to bears in the process.
Despite this, bullish sentiment seems to be firmly present, and bulls may just be waiting for the right time to finally break this ceiling.
Will we finally see a breakout of this resistance level this week? Let us know your thoughts in the comments.



























APE was up close to 30% on Wednesday, as the recently listed token climbed to its highest point since it began trading on March 17. AAVE also saw a double-digit percentage increase today, whilst ZIL extended recent gains. AAVE AAVE was up by nearly 10% in today&#x2019;s session, as prices rallied...

Aave (AAVE)

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