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MILESTONE | Aave Now Controls 20% of DeFi Total Value Locked
Aave has achieved significant growth, now representing 20% of the DeFi ecosystem’s total value locked at over $24 billion. Its token AAVE surged 90%, reflecting the broader DeFi rebound as institutional interest and mobile use cases drive engagement, particularly in emerging markets.
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AAVE0,7%
ETH3,01%
APT-0,29%
OP3,7%
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REGULATION | ConsenSys Sued by The United States SEC for Brokering Securities on MetaMask Swaps
The United States Securities and Exchange Commission (SEC) has filed a suit against MetaMask parent company, ConsenSys, alleging that the company ‘acted as an unregistered broker of crypto asset securities through its MetaMask Swaps service.’

“Since January 2023, ConsenSys has engaged in the unr
ETH3,01%
UNI1,49%
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REGULATION | Blockchain Tokenization Platform, AlphaBloq, Gets Admitted into the Capital Markets Authority of Kenya Regulatory Sandbox
AlphaBloq Technologies Limited has been admitted to Kenya's Capital Markets Authority Regulatory Sandbox to test its blockchain-enabled real estate tokenization platform for 12 months, aiming to promote affordable real estate investment.
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FUNDING | Zambia’s NeoBank, Lupiya, Raises $8.25 Million in Series A to Support Expansion
Lupiya, a Zambian fintech neobank has secured $8.25 million in Series A funding to support the expansion of its operations within its home market and into new markets.
In a Linkedin post, the startup, established in 2016, reiterated its commitment to narrowing the financial inclusion gap for Zambia
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FINTECH | Zambian Fintech, Save & Remit, Emerges Winner at the 2023 Africa Fintech Summit Pitch Competition in Lusaka, Zambia
Zambian fintech startup Save & Remit won the Alpha Expo Micro-Accelerator pitch competition at the 2023 Africa Fintech Summit, securing a $2,500 prize. The platform aids cooperatives and SMEs in managing finances via mobile, aiming for expansion beyond Zambia.
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South African Crypto Investment Firm, Revix, Suspends Withdrawals of 24% Customer Deposits
Revix, a South African cryptocurrency investment firm, suspended withdrawals for 25% of clients' assets due to Haru Invest's service termination. While communications are ongoing, assets remain inaccessible until resolution.
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BTC1,93%
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FUNDING | South African Fintech, SourceFin, Raises $8.2 Million to Scale Financing to Small Businesses
SourceFin, a South African fintech company, has raised $8.2 million in funding from Futuregrowth Asset Management to boost investment in small and medium enterprises, aiming to deploy over $54 million by February 2025.
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TOKENIZATION | Nairobi Securities Exchange (NSE) to Launch Regulated Digital Assets Exchange and Tokenization Platform in Kenya
Kenya is set to become a continental leader in digital asset trading with the launch of the Kenya Digital Exchange (KDX), a fully regulated tokenization platform developed through a strategic partnership between:
DeFi Technologies
SovFi Inc.
Valour Inc., and
The Nairobi Securities Exchange
DEFI-2,25%
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Mozambique RealFi Startup, Empowa, Launches Community Rewards Program After Raising $300,000 from NFT Sales
Empowa is launching Zealy, a community-powered program where members complete tasks to earn rewards for promoting the project and learning about it. The company aims to enhance affordable housing in Africa using NFTs and on-chain payments, benefiting low-income households, particularly women-led ones.
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ADA-2,2%
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LIST | 23 African Startups Successfully Complete the Inaugural Lisk Blockchain Incubation Hub, Receiving $196K in Grants
The Lisk Blockchain Incubation Hub has completed its first cohort, training 23 African startups, which received $196,000 in grants and achieved notable success. Applications for the second cohort, starting May 19, 2025, are now open, offering mentorship and additional funding opportunities.
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ETH3,01%
XTTA-1,21%
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REGULATION | WorldCoin CEO Grilled by Kenyan Parliament – Says Over 635,000 Kenyans Have Downloaded the App
Tools for Humanity Chief Executive Officer and WorldCoin CEO, Alex Blania, appeared physically in the Kenyan parliament on September 6 2023 where he answered several questions regarding his company’s operations.
The company drew the attention of Kenyan authorities in July 2023 as hundreds
WLD0,18%
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