Illustration of cryptocurrency prices rebounding with Bitcoin, Aave, and Solana tokens.
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Aave and Solana tokens lead crypto price rebound

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Bitcoin steadied near $60,000 while Aave and Solana ecosystem tokens posted the strongest gains in the latest market session. Decentralized finance activity and tokenized stock trading on Solana drove the advance.

Standard Chartered analyst Geoff Kendrick has initiated coverage of the Aave token with a forecast of $3,500 by the end of 2030. The target implies a roughly 50-fold increase from current levels near $70.

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Taiko, an Ethereum layer-2 network, halted block production after an attacker exploited its bridge to steal about $1.7 million. The team urged users to withdraw funds from all bridges on the network.

Decentralized finance recorded far fewer losses in recent years, according to new industry data. Total incidents dropped from $2.62 billion in 2022 to $534 million in 2024. A single November 2025 exploit across six networks illustrated the remaining threat.

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Charles Hoskinson, the founder of Cardano, has suggested a possible split of the blockchain through a proof-of-burn mechanism following the planned shutdown of TapTools, a key analytics platform in the ecosystem.

The Senate Banking Committee released updated text for the CLARITY Act on May 12 ahead of a scheduled May 14 markup. The draft sets rules for digital assets, stablecoins, and decentralized finance while leaving ethics provisions unresolved.

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Galaxy, led by Mike Novogratz, and Sharplink have launched a $125 million private fund that will invest staked Ether in decentralized finance strategies. The move comes as institutions increasingly seek yield from their Ethereum holdings. Sharplink also reported a large quarterly loss.

 

 

 

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