Cryptocurrency markets saw a slight bounce back after a dip last week, with Bitcoin dropping to $86,561 before reaching $88,600. Spot Bitcoin ETF demand remained weak with $175 million in outflows. Aave’s governance proposal for brand asset ownership under a DAO was rejected by the community.
Aave token holders voted against a governance proposal to put brand assets under DAO control. The vote ended with 55.29% against and 41.21% abstaining. The proposal aimed to return control of Aave’s brand assets to a DAO-controlled entity. The rejection highlighted the impact of timing and participation in governance outcomes.
Hyperliquid’s HYPE token is forecasted to hit $200 by 2035 fueled by HIP-3. Perpetual swaps DEX market share rose from 2.1% in January 2023 to 11.7% in November 2025. Decentralized perpetuals exchange Hyperliquid faces competition from rivals with lucrative rewards systems.
Binance co-founder CZ proposed measures to tackle address poisoning, including wallet warnings and blacklists. Address poisoning is a phishing scam tricking users into sending crypto to illicit wallets. Phishing scams cost victims over $7.7 million in November, with one victim losing $50 million in USDT.
Ethena’s USDe lost $8.3 billion in net outflows since the October liquidation event. The crash marked a turning point, erasing $1.3 trillion in crypto market value. USDe’s market cap dropped from nearly $14.7 billion to around $6.4 billion in just over two months due to a loss of confidence in leveraged structures. The Uniswap protocol fee switch, “UNIfication,” has passed and will go live this week after reaching the 40 million vote threshold. The upgrade will burn 100 million UNI tokens from the Uniswap Foundation’s treasury and implement the Protocol Fee Discount Auctions system to boost liquidity provider returns.
Following the UNIfication proposal, the UNI token rallied nearly 40% from $7 to $9.70 on November 11. Uniswap, the largest decentralized exchange, has processed over $4 trillion in trading volume since its launch in 2018. UNI is currently the 39th largest token by market cap, worth $3.8 billion.
In the DeFi market, most of the top 100 cryptocurrencies ended the week in the green. The Pippin (PIPPIN) memecoin saw the biggest gain, rising over 41%, followed by the Canton (CC) token, up more than 25% on the weekly chart. Stay tuned for more updates on DeFi developments next week.
Read more at cointelegraph.com
Bitcoin hits new all-time high of $63,000 as investors flock to digital currency. Market cap surpasses $1.1 trillion, with 72% of Bitcoin supply held by long-term holders. Analysts predict continued growth as institutional adoption increases. PayPal, Tesla, and Square among companies embracing Bitcoin as a form of payment.: Bitcoin Rebounds to $88K, Aave’s Governance Proposal Drama