News

According to ChainCatcher, as reported by The Defiant, Aave DAO has approved a permanent token buyback program, allocating $50 million annually from protocol revenue to repurchase AAVE tokens. The proposal was submitted by the Aave Chan Initiative (ACI) on October 22 and passed with 100% approval. Under the new plan, the Aave Financial Committee (AFC) and TokenLogic can repurchase between $250,000 and $1.75 million worth of AAVE each week, depending on market conditions and protocol revenue. Currently, Aave's total value locked (TVL) stands at $36.4 billion, with $12.7 million in revenue generated over the past 30 days. This move makes Aave one of the few DeFi projects to adopt a permanent revenue buyback program. According to a Keyrock report, since 2024, token buybacks and revenue distributions have increased more than fivefold, with projects returning an average of 64% of revenue to holders, indicating that crypto projects are shifting towards prioritizing shareholder returns similar to traditional enterprises.

According to ChainCatcher, as reported by Hong Kong media Ming Pao, Mary Huen, CEO of Standard Chartered Hong Kong and Greater China & North Asia, stated that Standard Chartered welcomes the Hong Kong Monetary Authority's announcement of "Fintech 2030." Coinciding with the ongoing "Hong Kong FinTech Week," Standard Chartered will launch innovative digital asset solutions in Hong Kong next year, including digital asset custody services supporting the two largest cryptocurrencies by market capitalization, namely bitcoin and ethereum, as well as strategic cooperation plans with other institutions. Standard Chartered Hong Kong pointed out that the bank plans to be the first in Hong Kong to launch digital asset custody services supporting bitcoin and ethereum in January next year, expanding the services currently offered in Luxembourg and the UAE (through the Dubai International Financial Centre). Standard Chartered Hong Kong mentioned that it has been actively supporting various innovative projects to promote the development of a comprehensive digital asset ecosystem in Hong Kong, covering retail and corporate clients, as well as local and cross-border transactions. The bank also participates in several pilot innovation projects led by the Hong Kong Monetary Authority, such as the Ensemble Project, mBridge Project, "Digital Hong Kong Dollar" pilot program, Gen A.I. Sandbox, and Distributed Ledger Technology Regulatory Incubator. .