Crypto market dipped on Feb 27: BTC at $67K, ETH near $2K, Fear & Greed Index at 13. Key news: Morgan Stanley plans in-house BTC custody, Telegram Wallet launches yield vaults, Upbit to delist Dent, Indiana passes crypto bill.
A whale swapped $50.4M USDT for AAVE via Aave's collateral swap, suffering 99.93% slippage due to illiquidity, ending with 327 AAVE (~$36K). CoW Protocol, Aave's slippage warning, and the user's own judgment—all three lines of defense worked as designed, yet the loss was irreversible.
The crypto market rose 0.8% to $2.4 trillion on Feb. 21, while the Fear & Greed Index remained in extreme fear at 8. MORPHO and ZRO led gains, while AAVE posted the steepest decline.
Bitwise has registered a Uniswap ETF trust in Delaware, an early legal step often taken before a formal SEC filing. The move does not mean approval or an imminent launch, but it points to rising institutional interest in regulated DeFi exposure.
Standard Chartered forecasts AAVE at $3,500 by 2030, a 50x increase from current levels. The bank outlines a gradual price roadmap from 2026 to 2030. RWA tokenization is the key driver, with Grayscale also suggesting AAVE is undervalued at $75.
Kelp DAO said attackers drained about 116,500 rsETH worth roughly $292 million through its cross-chain flow. The protocol was paused within an hour, and Aave froze rsETH markets on V3 and V4 to contain risk.
Crypto market cap hits $2.71T with BTC at $81,054. Fear & Greed Index climbs to 47 (neutral). Germany mulls ending BTC tax exemption, Kraken launches margin trading, White House pushes Clarity Act by July 4, and more.
More than 30 hours after Kelp DAO’s rsETH bridge exploit, responsibility and repayment remain disputed. Kelp DAO, LayerZero, and Aave have all stated their positions, but no final resolution has been reached.
