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Aave has brought back the ability to borrow using wrapped Ether (WETH) as collateral on several of its platforms, including Ethereum, Arbitrum, Base, Mantle, and Linea. This change, announced by Stani Kulechov on Sunday, also lets users trade their collateral or debt. The update applies to Aave V3 on these networks.

The crypto bulls, poor souls, had positioned themselves for a rally, only to find their dreams dashed upon the rocks of reality. Bitcoin and ether, those shining beacons of the new economy, have declined, leaving in their wake a trail of tears and liquidated positions.

Over the weekend, India’s crypto scam scene outdid itself, offering a masterclass in how to fleece people at both ends of the financial spectrum. On one side, a software engineer in Bengaluru fell for a WhatsApp job offer that promised easy money but delivered a masterclass in financial ruin. On the other, a ₹20-25 crore fraud in Dehradun was linked to the ₹3,200 crore Botbro network, a multi-state operation that makes Bernie Madoff look like a small-time grifter.

Ethereum, the second-largest cryptocurrency, briefly dropped to $2,097 on Binance Sunday—its lowest price since April 7th. As of right now, it’s trading at $2,116.82, which is down about 2.88% from yesterday.