Aave surges 11% on token burn speculation as DeFi broadly rallies

Decentralized finance protocol Aave rose 11% on speculation that the project may introduce a token burn mechanism. The broader crypto market showed resilience, with 72 out of 100 assets in the CoinDesk 100 index trading in positive territory. This came despite the 10-year U.S. Treasury yield climbing to 5.234%, a level that typically pressures risk assets. The simultaneous rise in bond yields and crypto prices suggests the digital asset market is currently decoupling from traditional macroeconomic headwinds.