Aave V4 to launch in Q4 2025 with modular markets, risk upgrades, and unified interface

Daily top performer — Plasma (XPL)



The S&P 500 futures steadied after a 0.5% drop Thursday, with strong US data dimming Fed cut hopes and most sectors ending lower. Gold hovered near $3,750 as traders awaited US PCE data, with Fed cut hopes and geopolitical risks supporting prices. The Coindesk Indices, which tracks the broader crypto market, fell 4.12% with Bitcoin and Ether down 3.61% and 6.65%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is XPL, up 68.35% after Plasma’s token debut with a $2.4B market cap and $2B in stablecoin TVL.

Plasma (XPL), founded in 2024, is a Layer-1 blockchain optimized for stablecoin payments, featuring zero-fee USDt transfers, EVM compatibility, and PlasmaBFT consensus for fast, scalable settlements. Its native token XPL supports staking, rewards, and fees. Plasma’s native token XPL debuted on major exchanges with a market cap above $2.4B and over $2B TVL on its stablecoin-focused blockchain. XPL serves as gas, staking, and reward token with a 10B supply, while Plasma introduced Plasma One, a stablecoin-native neobank. 40% of supply is reserved for ecosystem growth, with team and backers each holding 25%, and validator rewards set on a decreasing inflation schedule.



Check out the latest prices, charts, and data of XPLUSDT perp and XPL/USDT spot contracts!



Talk of the town

Aave’s V4 upgrade is set to launch in Q4 2025, bringing a major shift to its lending protocol with a modular “hub and spoke” design that improves liquidity efficiency and enables customizable markets with different risk profiles. The update introduces dynamic risk controls to limit unexpected liquidations, a health-targeted liquidation engine, and a Position Manager for automated actions. Users will also benefit from a new unified interface and multi-call transactions for easier execution. With DeFi TVL nearing $156B, the release is highly anticipated and will include a whitepaper, open codebase, and testnet before going live.



Check out the latest prices, charts, and data of AAVEUSDT perp and AAVE/USDT spot contracts!



Bitcoin spot ETF flows





Yesterday, BTC spot ETFs saw $333.1M in outflows, with $42.9M from GBTC and $290.2M from non-GBTC funds.



Check out the latest prices, charts, and data of BTCUSDT perp and BTC/USDT spot contracts!



Airdrop to watch

idOS, a decentralized identity infrastructure backed by investors like Circle, Ripple, Arbitrum, and Gnosis, has launched its app with a points system ahead of a potential token airdrop. Users can quickly create an idOS profile, verify with a face scan, and complete quests to earn points, including daily check-ins. The platform aims to provide reusable, secure identity verification across stablecoin and Web3 apps, and is currently in an early, underfarmed stage for participants.