Aave sees $66 billion withdrawn, with $33 billion in stablecoins, pushing USDT and USDC deposit rates to 13.4% and borrow rates to 15% amid DeFi yield farming risks.

According to Crypto Rover, several Chinese banks have reduced their deposit rates to below 2%, signaling China's readiness to stimulate market activity. This move is anticipated to have a cascading effect on the financial markets, including the cryptocurrency sector, as investors might seek higher returns through volatile assets like Bitcoin and Ethereum.