- Aave’s community is divided over control of the protocol’s brand and assets, sparking a debate on decentralized governance versus centralized teams. The dispute was triggered by CoW Swap integration, with questions arising around who controls the Aave brand, worth over $33 billion. Supporters and opponents offer differing visions for Aave’s future.
- Ethereum developers are planning the "Glamsterdam" upgrade, with two simultaneous upgrades on the execution and consensus layers. The proposal includes Proposer-Builder Separation to prevent manipulation and abuse related to maximal extractable value. Glamsterdam aims to enhance Ethereum’s core protocol for better network security and fairness.
- Bitcoin developers are discussing the potential impact of quantum computing on the network, emphasizing the need for thoughtful protocol changes that could take 5 to 10 years to implement. As Bitcoin’s value depends on long-term confidence, addressing technical risks is crucial for investor trust and market stability.
- EigenLayer’s governance proposal introduces new incentives for EIGEN token holders, focusing on productive network activity and fee generation. The plan aims to align token economics with real network usage by channeling revenue from Actively Validated Services rewards back to token holders, enhancing long-term value accrual.
- Upexi, a Nasdaq-listed crypto treasury firm, filed to raise up to $1 billion in a shelf registration with the SEC. The company manages various consumer brands and holds the fourth-largest SOL treasury, with over 2 million tokens on its balance sheet. Upexi’s capital raise aims to support its business operations and growth.
- Russia’s central bank proposed a framework to legalize and regulate cryptocurrency trading for individuals and institutions. The bank continues to caution about the risks of investing in crypto assets, highlighting their volatility and potential losses. Digital currencies and stablecoins are recognized as monetary assets but cannot be used for domestic payments.
- The Council of the European Union supports the ECB’s exploration of an official digital currency but emphasizes the need for limits on digital euro holdings to prevent financial instability and competition with bank deposits. Setting holding limits is crucial for maintaining financial stability and preventing bank runs during periods of stress.
Read more at Yahoo Finance: The Protocol: Aave community split