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Aave governance proposal seeks to onboard Circle's cirBTC as collateral on V3 and V4 Core
Aave Labs has submitted a governance proposal to add Circle Wrapped Bitcoin (cirBTC) as collateral on Aave V3 Core and Aave V4 Core on Ethereum. Circle launched the ERC-20 token on Ethereum mainnet on June 8, and the proposal was posted on June 10. The listing remains in the ARFC phase and would still require community feedback, a Snapshot vote, and a subsequent AIP before any on-chain rollout.
AAVE
AAVE-0.12%
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Sky governance proposal would lift USDC PSM buffer to $800 million
A Sky governance proposal posted on June 11 seeks to raise the LITE-PSM-USDC-A pre-minted DAI buffer and DC-IAM gap from 400 million to 800 million. The plan cites USDC reserves of 4.13 billion, up 108% since the October 7, 2024 recalibration, and would increase daily refresh capacity to 1.6 billion and serving capacity to 2.4 billion. The Core Facilitator team has cleared the change for an Executive Vote on June 12, but it still requires formal approval to take effect.
USDC
USDC-0.04%
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Chainalysis: Law Enforcement Dismantles AudiA6 Crypto Laundering Network
Chainalysis reported on June 11 that an international law enforcement effort dismantled AudiA6, a laundering service it links to ransomware actors and darknet activity. The firm said AudiA6 processed about 10,333 BTC since launching in 2021, historically valued at roughly $389 million, and allegedly relied on more than 6,000 KYC-verified mule accounts plus exchange infrastructure.
BTC
BTC+0.12%
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