7*24

Hot topic

Market

Activities

Aave DAO Faces Vote on Native BTC Collateral as Babylon Labs Files Temp Check The blockchain research and development firm Babylon Labs submitted a Temperature Check to Aave DAO on Monday, seeking app

Aave DAO Faces Vote on Native BTC Collateral as Babylon Labs Files Temp Check  The blockchain research and development firm Babylon Labs submitted a Temperature Check to Aave DAO on Monday, seeking approval to integrate Trustless Bitcoin Vaults with Aave V4 and onboard native $BTC as collateral without bridges, wrappers, or custodians.

Key Takeaways:

Babylon Labs filed a May 25 Temp Check asking Aave DAO to accept native $BTC collateral via Trustless Bitcoin Vaults on Aave V4.
The $BTC Vault Swap Spoke targets Aave’s $5B WBTC supply, currently underused on the borrow side, to drive new demand.
If the Temperature Check passes, Babylon Labs advances to ARFC review, with audits by Coinspect, Sherlock, and Zellic ongoing.
$BTC Holders Could Borrow on Aave V4 Without Bridges if Babylon Labs Vote Passes
The proposal calls for deploying two new Aave V4 Spokes on Ethereum Mainnet. The first, the Babylon Core Lending Spoke, lets $BTC holders borrow supported assets such as stablecoins and wrapped $BTC against their native bitcoin collateral. The second, the $BTC Vault Swap Spoke, handles post- liquidation settlement by converting seized $BTC collateral into WBTC for permissionless liquidatorsAave posting about the Temp Check on X.
The mechanism works through Taproot scripts on Bitcoin. A depositor locks $BTC onchain inside a Taproot unspent transaction output ( UTXO). That lock creates a corresponding vault record on Ethereum.

Because Aave V4 only accepts ERC-20 tokens as collateral, adapter contracts represent each vault record one-to-one as a transfer-restricted token called vaultBTC. The token can only move between the Aave V4 Hub, the Babylon Core Spoke, and the integration’s adapter contract. No other transfers are permitted.

Babylon Labs co-founded the project in 2022 with Professor David Tse of Stanford and Dr. Fisher Yu. Since its bitcoin ( $BTC) sta

Aave DAO Faces Vote on Native BTC Collateral as Ba

BILL: Human-AI Collaboration Network

HTXSquare: Global Markets After Trump China VisitGrab Your Share of the 300 USDT Prize Pool!HTX Creation Challenge — Post and Win 1,500U 💥 The United States is simultaneously bombing Iranian military 

HTXSquare: Global Markets After Trump China Visit

Grab Your Share of the 300 USDT Prize Pool!

HTX  Creation Challenge — Post and Win 1,500U 💥

The United States is simultaneously bombing Iranian military infrastructure and negotiating a deal with Tehran.

Secretary of State Marco Rubio indicated on May 22-23 that talks have made "some progress," with Pakistani officials serving as intermediaries between Washington and Tehran. Meanwhile, US military strikes have targeted key Iranian sites including Fordo, Natanz, and Isfahan, facilities central to Iran's nuclear and military apparatus.

The United States is simultaneously bombing Irania

BILL: Human-AI Collaboration NetworkZEST: Bitcoin Lending ProtocolATWO: Fans Vote to Change Live OutcomesCoinbase executives mounted a coordinated defense of payment stablecoins, pushing back against 

Coinbase executives mounted a coordinated defense of payment stablecoins, pushing back against a Wall Street Journal column. The article questioned whether privately issued digital dollars pose systemic risk to the US economy.

Chief Legal Officer Paul Grewal and Chief Policy Officer Faryar Shirzad both endorsed the Digital Asset Market Clarity Act. Their statements signaled top-level support for the market-structure bill currently working through the Senate.

The Private Money Pushback

Grewal framed stablecoin oversight as a risk-management question, not a public-versus-private debate.

The Coinbase CLO, who has pushed for regulatory clarity in past testimony, compared digital dollars to private healthcare and transportation. He argued that the regulatory floor matters more than the issuer.

“Money that’s “private” isn’t any more inherently risky than healthcare or security or transportation that’s private. It’s how you manage that risk, as well as access and oversight that matters. CLARITY promotes all this,” Grewal stated.

Shirzad expanded the argument in a longer Coinbase policy response, noting that roughly 90% of M2 already consists of privately issued instruments.

These include commercial bank deposits and money market fund shares.

Follow us on X to get the latest news as it happens

Why GENIUS Differs From Bank Rules

The GENIUS stablecoin framework, signed last July, requires payment issuers to hold cash and short-dated US Treasuries. Reserves must back outstanding tokens one-to-one.

The statute bans loans, leverage, and fractional reserves outright. Bank-style supervision would miss the actual risk profile, Shirzad said.

Commercial banks earn their regime because they lend, transform maturities, and run 10-to-1 leverage. Stablecoin issuers do none of those by law.

He also pointed to monthly reserve attestations and real-time on-chain visibi

Coinbase executives mounted a coordinated defense

HTXSquare: Global Markets After Trump China VisitGrab Your Share of the 300 USDT Prize Pool!HTX Creation Challenge — Post and Win 1,500U 💥 Lighter [$LIT] has regained market interest with an 11% gain 

Lighter [$LIT] has regained market interest with an 11% gain at press time, recovering from a pullback that saw both whales and retail investors selling their positions.

The bounce follows a decline triggered by the Securities and Exchange Commission (SEC) holding back on approving tokenized stock trading, as reported by AMBCrypto recently.

On-chain activity has since returned in full, with user interest surging and $LIT now on the verge of making a new local high.

Lighter [$LIT] has regained market interest with

Harmony (ONE) trades near $0.00195; Square chatter is mixed/neutral with low engagement—some watch a breakout, others doubt relevance. On May 5, 2026 Harmony’s newsletter outlined prep for an Ethereum

Grab Your Share of the 300 USDT Prize Pool!HTX Creation Challenge — Post and Win 1,500U 💥HTX Pizza Day Celebration: $200,000 Up for Grabs President Donald Trump took to Truth Social on May 25 to decla

HTX Pizza Day Celebration: $200,000 Up for Grabs

President Donald Trump took to Truth Social on May 25 to declare that negotiations with Iran are moving in the right direction, framing the stakes in characteristically blunt terms: it would be a “Great Deal for all or, no Deal at all.”

The warning that followed was less diplomatic. Trump cautioned that failure to reach an agreement would trigger US military action “bigger and stronger than ever before.”

The indirect talks reportedly center on a 14-point framework. That framework includes a ceasefire, the reopening of the Strait of Hormuz, and an expansion of the Abraham Accords involving Gulf allies.

Advertisement

Iranian officials have signaled that no immediate agreement is on the horizon, with pushback on certain US narratives around the talks.

The US has intensified its sanctions posture on the digital asset front. Roughly $344 million in cryptocurrency tied to Iranian wallets has reportedly been frozen, underscoring how crypto enforcement has become a frontline tool in geopolitical standoffs.

Bitcoin reclaimed levels near $77,000 in recent sessions, a move that correlated with broader optimism around de-escalation in the Middle East.

Ether and other major cryptocurrencies have followed a similar pattern, rising and falling in loose correlation with equity and oil markets as Iran headlines dominate the news cycle. The Strait of Hormuz handles roughly a fifth of the world’s oil supply, so any disruption to that chokepoint ripples through every asset class, crypto included.

On Polymarket, bets on the outcomes of US-Iran peace talks have exceeded $154 million in volume.

The $344 million in frozen Iranian-linked crypto assets introduces uncertainty about how broadly enforcement nets might be cast. Exchanges operating in gray areas, or even legitimate platforms with exposure to wallets that have touched sanctioned 

Trump says Iran negotiations proceeding ‘nicely,’

⚽ $JUV Update Today Juventus Fan Token (JUV) is showing small positive movement today. Price is around $0.42–$0.43, with trading volume increasing, which means more traders are watching this token. 📈 

Orca: Top AMM DEX on Solana

HTXSquare: Global Markets After Trump China VisitGrab Your Share of the 300 USDT Prize Pool!HTX Creation Challenge — Post and Win 1,500U 💥 US military forces struck Iranian missile sites and boats in 

US military forces struck Iranian missile sites and boats in southern Iran, targeting positions around Bandar Abbas and Qeshm Island in what the Pentagon described as self-defense operations. The strikes came after Iranian forces launched missiles and drones at US Navy vessels transiting the Strait of Hormuz, one of the most strategically important shipping lanes on the planet.

No US assets were hit during the Iranian

US military forces struck Iranian missile sites an

BILL: Human-AI Collaboration NetworkZEST: Bitcoin Lending ProtocolTWT: Trust Wallet Ecosystem Token🚀 Ethereum News 2 – Layer-2 Scaling & Ecosystem Expansion Accelerating Ethereum’s ecosystem is rapidl

🚀 Ethereum News 2 – Layer-2 Scaling & Ecosystem Expansion Accelerating  

Ethereum’s ecosystem is rapidly expanding through Layer-2 solutions like Arbitrum, Optimism, Base, and zk-rollups. These technologies reduce transaction fees and improve scalability while keeping Ethereum’s security.

Analysts believe Layer-2 adoption is critical for Ethereum’s long-term growth and mainstream usage.

🚀 Ethereum News 2 – Layer-2 Scaling & Ecosystem E

MEGA: Real-Time Execution Layer for Ethereum

Babylon Labs submitted a Temp Check to Aave DAO to integrate Trustless Bitcoin Vaults with Aave V4. This would allow native BTC as collateral and introduce two new V4 Spokes, one for borrowing against

RUSSIA HAS STARTED A TRIAL OF CROSS-BORDER PAYMENTS USING CRYPT. RUSSIA TRADES $600 BILLION ANNUALLY, WHICH IS ALMOST 30% OF TOTAL CRYPTO MARKET CAP. ULTRA BULLISH FOR CRYPTO 🔥

<div><span style="font-size: 15px;">RUSSIA HAS STARTED A TRIAL OF&nbsp;</span></div><div><span style="font-size: 15px;">CROSS-BORDER PAYMENTS USING&nbsp;</span></div><div><span style="font-size: 15px;">CRYPT.</span></div><div><span style="font-size: 15px;"><br></span></div><div><span style="font-size: 15px;">RUSSIA TRADES $600 BILLION&nbsp;</span></div><div><span style="font-size: 15px;">ANNUALLY, WHICH IS ALMOST 30%&nbsp;</span></div><div><span style="font-size: 15px;">OF TOTAL CRYPTO MARKET CAP.</span></div><div><span style="font-size: 15px;"><br></span></div><div><span style="font-size: 15px;">ULTRA BULLISH FOR CRYPTO 🔥</span><img src="https://d1x7dwosqaosdj.cloudfront.net/images/2024-09/049f00d76f204fae83c8f354ba17b3cd.jpeg" alt="20240904_151817.jpg" style="width: 100%; height: auto; margin-top: 10px; margin-bottom: 10px;"></div><br>

🚨 BREAKING 🚨 l

Contest for HTX Community's Most Popular Post

Hit March's Interaction Leaderboard

Share Crypto Stories to Win 400 USDT

Win 600 USDT: Searching for the Best SunPump Guide

Post To Earn Bonus

XRP Ledger Hard Fork In 8 Days? Upgrade Deadline Sparks Network Split Debate

As Presale Funding Nears $7.2 Million, Ozak AI’s Early Pricing Window Begins to Narrow

Market Expert Updates XRP Roadmap To $300 With New Data

$50 Million Funding Ignites Airdrop Anticipation, Variational Becomes New Focus of Perp DEX

Musk Posted a Recruitment Ad for SpaceX, and After Reading the Comments Section, I Understood

Cloudflare CEO: How I Decided Which Employees to Replace with AI?

Secures Over $60 Million in Funding from Dragonfly, Sequoia, and Others. An In-Depth Look at the On-Chain Derivatives Protocol Variational | CryptoSeed

🚨 BREAKING 🚨 l

All Comments0LatestHot

Trending Topics