Aave DAO proposes V4 integration with Babylon to launch BTC lending

According to Onchain Lens monitoring, Antalpha deposited 651.65 XAUTs worth approximately $3.05 million into Bybit.

The Market Supervision Department and Clearing and Risk Department of the US Commodity Futures Trading Commission (CFTC) have issued a non action letter, recommending no enforcement action against designated contract markets, derivative clearing organizations, and their participants for failing to comply with swap record keeping requirements and failing to report full collateral contract trading data to swap data repositories. Previously, non action letters similar to contract data reports still apply, and relevant entities can apply for the same position. After approval, they will be added to the appendix of the non action letter.

According to The Block, Solana Treasury's DeFi Development Corp had a revenue of $2.66 million in the first quarter, a year-on-year increase of 827%, but a net loss of $83.4 million, compared to $778000 in the same period last year, mainly due to the decline in SOL prices. The per share SOL holdings increased by 108%, from 0.0322 to 0.0670. As of May 13th, the company holds approximately 2.2946 million SOLs and their equivalents. CEO Joseph Onoratti stated that the company has achieved growth through strategies such as internal staking and collaborating with Bonk to operate joint verification nodes, and referred to Strategy's strategy as a starting point rather than a ceiling.

According to sources cited by the Financial Times, Castle Investments has requested that some members of its global quantitative strategy team stationed in Hong Kong be transferred to other locations or resign. Some personnel have gone to Singapore or Miami, while others have resigned. Castle Investment responded by stating that this is a global "collaborative point setting" strategy, unrelated to data security, and stated that it is still recruiting quantitative researchers in Hong Kong and Singapore. (Dongxin Society)

According to the governance proposal of Aave DAO, it is planned to launch a dedicated Bitcoin Spoke in Aave V4 through the Babylon protocol, which supports users to borrow with native BTC collateral without packaging BTC or centralized custody. The proposal has been posted on the governance forum seeking approval to include Babylon native BTC in V4 collateral assets. The proposal states that Bitcoin is the primary encrypted collateral, but current on chain BTC lending heavily relies on packaging BTC or fragmented platforms. Aave V4 will utilize Babylon infrastructure to integrate Bitcoin collateralized lending into a unified protocol.