Gilt

Aave is my life's work and we're working nonstop to find the best possible outcome for users. I’m personally contributing 5000 ETH to DeFi United as we continue working together with partners on formalizing more commitments. I’m working to see this resolved and market conditions normalized as soon as possible. DeFi United.

BREAKING: DOJ announces it has arrested a US Special Forces soldier who took part in the raid that captured Venezuelan dictator Nicolas Maduro after the soldier allegedly pocketed $400,000 by betting more than $30,000 on Maduro’s removal on Polymarket. Name: GANNON KEN VAN DYKE

The Fed may be easing again without calling it QE In June 2022, the Federal Reserve began quantitative tightening. That means it allowed bonds to mature without replacing them, steadily shrinking the balance sheet and pulling liquidity out of the financial system. Over the next few years, roughly $2.4 trillion was removed as the balance sheet fell from peak levels. Then in late 2025, that decline stopped. The Fed’s balance sheet bottomed near $6.54 trillion and has now risen to around $6.71 trillion. That is roughly $170 billion added back from the lows. No major QE announcement or headline emergency program was launched. But the direction changed. That matters because balance sheet expansion increases system liquidity. More liquidity usually supports risk assets because excess capital starts moving into equities, crypto, and higher beta trades. Since that reversal: • Small caps have strengthened • Bitcoin has recovered sharply • Broader risk appetite has improved This does not mean every rally is caused by the Fed, but liquidity conditions matter more than most people realize. Many investors only watch interest rates. But balance sheet policy often moves markets before rate cuts even begin. The Fed may not be easing loudly, but it may already be easing quietly.