A crypto trader executed a swap that converted $50M into $36,000, according to Aave founder Stani Kulechov. Aave’s platform flagged the transaction with warnings about extraordinary slippage and required explicit user confirmation before proceeding. The user approved the swap on their mobile device despite the warnings. The incident highlights the risks of large trades on decentralized exchanges where market depth and liquidity can cause significant price impact.
Archives: Fast News
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DEXTools secures 3 million USD for its perpetual DEX launch named PerpTools
The recent funding round led by DEXForce and Orderly secured 3 million USD for DEXTools to launch PerpTools. With a closed beta already achieving 150 million USD in trading volume, the project is poised for significant growth.
PerpTools is set to launch a public beta by the end of Q2 2026, incorporating AI analytics, prediction markets, and automation features such as copy trading to enhance trading strategies and liquidity.
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Trend Research’s suspected wallet shorted 27,000 ETH recently
The suspected Trend Research wallet borrowed 27,000 ETH and shorted it shortly after via Aave.
This wallet has displayed significant activity with Binance, raising flags.
Concerns grow due to large withdrawals and transfers from this address.
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Whale accumulates 73,744 ETH in three days with fresh 10,421 ETH withdrawal
A major wallet has withdrawn 10,421 ETH from Kraken in the past 9 hours, valued at approximately $22.2 million at current prices. This continues an accumulation pattern over the past three days, bringing total holdings to 73,744.98 ETH worth approximately $157 million. The wallet’s average entry price was $2,072.20, resulting in an unrealized gain of approximately $4.04 million based on current ETH trading around $2,128.64.
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THORChain introduces memoless swaps without wallet connection
THORChain has introduced a new swap mechanism that eliminates the need to connect your wallet to a website. Instead of approving MetaMask permissions and trusting frontends, users simply send their assets to a THORChain vault address. The network detects the deposit, executes the swap, and sends the output asset to the specified destination wallet. This approach allows swaps directly from hardware wallets without any web interface connection, reducing security risks associated with traditional DeFi interactions.
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Market Bulletin #1
Total crypto market cap stands at $2.44T with 24-hour volume of $98.46B. Bitcoin dominance at 58.70% and Ethereum at 10.55%. BTC trading at $71.5K (up 1.67% in 24h, +0.76% weekly) while ETH at $2.1K (up 3.65% in 24h, +2.67% weekly). Top gainers include FET (+15.06%), RENDER (+13.49%), and TAO (+9.00%), while APT (-1.65%), TON (-1.78%), and KITE (-3.49%) lead declines. Long/short ratios show bullish lean: BTC at 1.25 (55.5% long), ETH at 1.38 (58.1% long), SOL at 2.37 (70.3% long). Options data from Deribit shows BTC put/call at 0.69 with 61.9% IV, ETH at 0.61 with 83.6% IV. Treasury yields rising: 2-year at 3.64 (up from 3.57) and 10-year at 4.21 (up from 4.15). DeFi note: Babylon Protocol TVL dropped 23.1% to $1.8B.
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Bitcoin approaches $72,000 as Treasury Secretary addresses oil supply concerns
Bitcoin traded near $71,860 following comments from U.S. Treasury Secretary Bessent, who announced that the Treasury Department will grant temporary authorization for countries to purchase Russian oil currently in transit. The move appeared to ease market concerns about potential oil supply disruptions. Bessent’s statement suggests efforts to stabilize energy markets, which analysts note can influence risk sentiment across broader financial markets including cryptocurrencies.
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U.S. SEC advisory group endorses progress in tokenized securities and proposes security measures
The U.S. SEC’s advisory committee has approved recommendations to refine regulatory policies for tokenized securities, promoting the ability to trade stocks directly on blockchain without traditional intermediaries.
The SEC Chairman reiterated that tokenized assets qualify as securities, necessitating safeguarding measures, while acknowledging that any new reforms could bring unknown risks and costs.
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Strategy’s STRC records 7.3M shares traded, equivalent to 4,086 BTC
Strategy’s STRC token set a new trading record with 7.3 million shares traded, all exceeding threshold requirements. The volume corresponds to an estimated 4,086 BTC equivalent, marking a significant activity milestone for the token.