Aave risk-management partner Chaos Labs has announced its official exit, citing reasons including long-term losses, the departure of key personnel, and disagreements with Aave Labs on risk management philosophy. Although Aave Labs proposed a $5 million budget plan, Chaos Labs believed the amount actually needed was $8 million, and the two sides’ disagreement over risk priorities was difficult to reconcile. In response, Aave Labs CEO said that the V4 migration has no mandatory timeline and that V3 will continue to operate normally.

Gate News Message, according to the governance update, key contributor Chaos Labs has left the Aave DAO. Previously, BGD and ACI had left that DAO organization one after another.

Affected by the Iran war, Saudi Arabia’s crude oil pricing mechanism is in disarray, and Asian buyers are hoping that Saudi Arabia will shift to alternative pricing methods. Saudi Aramco is currently finalizing the price for May-loaded oil, and it is expected that the premium for Arab Light crude oil will set a record—reaching about $40 per barrel. Negotiations are still ongoing, and the final pricing has not yet been determined.

Hainan Province Local Financial Management Bureau has issued a risk warning, alerting the public to recent fraudulent promotions impersonating the "Hainan International Data Asset Exchange" and other entities. It emphasizes that trading activities cannot be conducted without approval, and behaviors involving RWA and RDA may constitute illegal financial activities. The bureau reminds investors to remain vigilant.

Michael Saylor, a noted Bitcoin supporter, highlighted Bitcoin as the ultimate hedge against global chaos, asserting its stability during economic uncertainties and market volatility.

This article summarizes cryptocurrency news as of March 11, 2026, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. Arthur Hayes warns: Bitcoin may dip below $60,000 in the short term, but still has the potential to surge to $500,000 in the long term; 2. Aave oracle failure triggers a chain of liquidations: $26 million in positions evaporate, DAO promises full compensation; 3. Circle stock price may hit $190: USDC stablecoin application expansion, Wall Street optimistic about the future of digital dollar payments.

On March 11th, the decentralized lending protocol Aave experienced a large-scale liquidation event due to a misconfiguration of the price oracle. Approximately 34 accounts were liquidated, involving $26 million. The issue stemmed from desynchronized CAPO mechanism settings, which caused a brief misjudgment of the wstETH price. Although some users were affected, the Aave protocol remained financially unaffected and will initiate a compensation mechanism. Following the incident, the market reaction was stable, and the AAVE price increased.

Chaos Labs analysis indicates that the recent $27 million liquidation event of Aave was caused by a CAPO risk oracle configuration issue, leading to exchange rate calculation errors. Inconsistent smart contract parameters caused the liquidation to occur, but the protocol did not incur bad debt. The Aave treasury will cover the remaining losses, and it is expected that DAO compensation will not exceed 345 ETH.

MEV Capital suffered a severe blow due to involvement in deUSD leverage strategies, with assets shrinking from $1.5 billion to $300 million, a decline of nearly 80%. This DeFi crisis was caused by complex lending relationships among yield treasury tokens, leading to multiple project failures and massive capital evaporation. The industry is working to shift towards more stable asset structures, but risks still remain.

Ripple CEO Brad Garlinghouse calls for the swift passage of the Crypto Market Structure Act, emphasizing the importance of a clear regulatory framework for industry innovation. He believes that pursuing "perfect legislation" could lead to missed progress, and clear rules will promote the long-term development of the crypto industry.