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Bitcoin fell below $80,000 due to the new U.S. airstrikes on Iran, with oil prices rising and triggering risk-off sentiment in the crypto market. Futures open interest decreased by 1.5%, with liquidation amounts nearing $300 million, and options trading shifted towards protective BTC put options. Although mainstream coins and Memecoins performed weakly, DeFi tokens performed well, with ONDO rising over 8% due to its involvement in cross-border U.S. Treasury redemption transactions with JPMorgan, Mastercard, and Ripple.

BlockBeats News, May 8th, Mantle token holders have approved a credit line of up to 30,000 ETH (approximately $68 million) to Aave DAO through the MIP-34 proposal. This is intended to help address the potential default issues caused by the April rsETH attack on Aave V3, with estimated defaults ranging from $123.7 million to $230.1 million. The proposal passed during a seven-day Snapshot vote, authorizing the Mantle Foundation to negotiate with Aave DAO and execute the final loan agreement. The implementation of this credit line is still contingent on Aave carrying out its recovery plan and finalizing the specific terms. A Galaxy Research report noted that the rsETH attack had put Aave's WETH market under prolonged stress, with the funding rate staying above 99% for 12.7 consecutive days. As of May 8th, the WETH market utilization rate in Aave's Ethereum V3 has dropped to around 91.6%, alleviating some market pressure.

This stock offering will be conducted in accordance with market conditions, and specific terms such as the issue price and sale timing will be dynamically adjusted based on actual demand. As a REIT company renowned for its monthly dividends, this fundraising initiative suggests that the company may be planning new asset acquisitions or debt restructuring. Notably, the company has successfully raised more than $3 billion through similar financing processes over the past twelve months, continuously expanding its commercial real estate investment portfolio.