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AAVEUSDT Aave and liquid staking protocol Lido surpassed $70 billion in net deposits in December for the first time.

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AAVEUSDT The Trump family crypto project World Liberty spent 662,630 USDC to purchase 1,842.632 AAVE through Cow Protocol from 23:51 on December 13 to 2:57 UTC+8 the next day. Currently, World Liberty holds a total of 5,886 AAVE, worth approximately $2.27 million.

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BTCUSDT Grayscale announced the launch of the Aave Fund. Aave is a decentralized lending platform based on Ethereum that allows users to use other cryptocurrencies as collateral for automated borrowing, while also earning interest by lending cryptocurrencies.

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AAVE is trading below $60 following SEC actions. Yet, take a look at the 6-month chart, which shows a double inverted hammer pattern. It seems a cyclical bottom might come soon, possibly in the second half of 2023.

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