[Morning News Brief] Internal Governance Conflict at Aave Escalates; SEC Four-Year Investigation Officially Concludes

Source: TokenPost Original Title: [Morning News Briefing] Abe, Internal Conflict Leads to Aave Labs Share Acquisition Proposal, etc. Original Link:

Aave Internal Governance Conflict Escalates SEC Investigation Concludes

Large USDT Transfers of $500 Million

According to whale alerts, an anonymous address transferred $499 million USDT to an Aave address.

Aave DAO Proposes Acquisition of Aave Labs Shares and Intellectual Property

Internal conflicts within the Aave community over governance rights and profit sharing have intensified. An AAVE token holder initiated a “poison pill” proposal on the official forum, suggesting that Aave DAO acquire Aave Labs’ intellectual property and shares, transforming Aave Labs into a subsidiary of the DAO, and transferring all profits generated by Aave Labs from the Aave brand into the DAO treasury. This proposal stems from recent disputes over CoW Swap fee flows directed to Aave Labs instead of the DAO treasury.

US SEC Officially Ends Four-Year Investigation

Aave founder Stani Kulechov announced that the U.S. Securities and Exchange Commission (SEC) has officially concluded its four-year investigation into the Aave protocol. He stated that regulatory pressure on the DeFi industry has increased over the past few years, and the conclusion of this investigation will reduce uncertainty, allowing developers to continue building in a clearer regulatory environment.

US Senator Calls for Investigation into DEX and Trump Administration Ties

U.S. Senator Elizabeth Warren, known for her anti-cryptocurrency stance, accused a DEX of manipulating the price of WorldLiberty Financial (WLFI) tokens and called for an investigation into whether the exchange has improper political ties to the Trump administration. She also criticized DeFi platforms with daily trading volumes in the hundreds of millions of dollars that do not require identity verification.

FDIC Proposes First Regulatory Rules for Stablecoins

The U.S. Federal Deposit Insurance Corporation (FDIC), under the Genius Act, released the first regulatory proposal concerning stablecoins. The proposal focuses on establishing procedures for FDIC-regulated depository institutions (banks) to set up subsidiaries for stablecoin issuance. Acting FDIC Chair Travis Hill stated that in the months following the application process rules, substantive rules regarding capital, liquidity, and risk management requirements for stablecoin subsidiaries will be further issued.

Marshall Islands Launches the World’s First Blockchain-Based Universal Basic Income

The Marshall Islands issued digital sovereign bonds USDM1 on the Stellar blockchain, distributing the world’s first blockchain-based universal basic income (UBI) to residents. The bonds are backed 1:1 by short-term U.S. Treasury bonds, developed in cooperation with the Stellar Development Foundation and infrastructure providers.

Brazil’s Stock Exchange Approves Solana ETP Listing

DeFi Technology’s subsidiary Valour received approval to launch a Solana-listed exchange-traded product (ETP) in Brazil. The fund, with the code VSOL, will be listed on B3 exchange on Wednesday.

a16z Crypto Urges CFTC to Clarify Developer Protection Rules

a16z Crypto calls on the U.S. Commodity Futures Trading Commission (CFTC) to clarify regulatory rules for blockchain protocols and applications to protect developers. Regarding the mismatch between DeFi and the Commodity Exchange Act (CEA), the proposal suggests: explicitly stating that protocols and developers are not subject to CEA registration requirements; providing non-enforcement opinions or interpretive guidance for applications; and establishing customized registration pathways.

Russian Financial Market Committee Chairman Opposes Cryptocurrency Payments

Anatoly Aksakov, Chairman of Russia’s State Duma Financial Market Committee, emphasized that cryptocurrencies can never become legal tender in Russia, and all payments must be made only in rubles. He added that cryptocurrencies can only be used as investment tools.

BNB Chain Announces Launch of New Stablecoin

BNB Chain announced that a new stablecoin will be launched soon.

São Paulo State in Brazil Uses Blockchain for Public Property Auctions

To improve transparency and reduce disputes, São Paulo State’s audit office launched Brazil’s first public property auction using blockchain technology. All documents are recorded on the blockchain, ensuring openness, traceability, and tamper resistance.

Euro Stablecoin Supply Grows 168% This Year

The supply of euro stablecoins increased from 158 million to 425 million in 2024, a 168% increase.

A Certain Exchange Supports Spot Margin Trading of BTC and ETH in Europe

An exchange announced support for spot margin trading of BTC and ETH in Europe, supporting BTC/USDC and ETH/USDC trading pairs, with leverage up to 10x.

Analysis: Prediction Markets as Leading Indicators for Macroeconomic Data

Crypto market maker Keyrock states that prediction markets serve as leading indicators for major macroeconomic data, providing traders with informational advantages. Platforms like Kalshi and Polymarket aggregate dispersed information faster than official statistics, though their prediction accuracy remains debated.

Domestic Investment Firm Leader Optimistic About Ethereum’s Long-Term Prospects

A domestic blockchain investment firm leader expressed that, despite potential controversy, Ethereum has greater long-term upside than Bitcoin. He believes Ethereum is building a true value internet through stablecoins, RWA (real-world assets), DeFi, NFTs, Layer 2 solutions, and real-world applications, and remains optimistic about both BTC and ETH.

New Tokens Listed on Exchange

A certain exchange has launched MERL perpetual futures and THQ spot trading.

Analysis of Ethereum’s Decline

Analysts identify three main reasons for Ethereum’s decline:

1. Lack of Futures Demand: Futures premium below 5%, traders lack bullish expectations
2. Long-term Holder Selling: Long-term holders sold 847,222 ETH within 30 days, the largest decline since January 2021
3. Network Activity Decline: Network fees decreased by 45% over 30 days

Bitcoin Breaks $88,000

Bitcoin broke through $88,000, currently trading at $88,008.83 on a major exchange’s USDT trading pair.