Project Progress

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Bessent Defends CLARITY Act as Aave Exits 6 Chains and Russia Targets Telegram

Treasury Secretary Scott Bessent defended the CLARITY Act and demanded Senate action, while CME Group announced plans to launch futures tied to sports performance indexes targeting the $650 billion global sports industry. Aave is preparing to wind down deployments on six blockchains covering $98.1 m
AAVE-7.58%
CME-1.40%
GRAM-1.51%
BTC-0.69%
EthanBrooks·08-02 13:09
Bessent Defends CLARITY Act as Aave Exits 6 Chains and Russia Targets Telegram

Aave to Exit 6 Chains and Wind Down $98.1M in Assets

Aave founder Stani Kulechov has backed plans for the protocol to wind down deployments on six blockchains and remove dozens of lightly used asset markets this week. The cleanup affects $98.1 million in supplied assets and $15.6 million in outstanding debt. Separately, Russian lawmaker Andrey
AAVE-7.58%
GRAM-1.51%
GateNews·08-02 13:07
Aave to Exit 6 Chains and Wind Down $98.1M in Assets