Aave founder and CEO Stani Kulechov has pushed back against claims that he bought $15 million worth of AAVE tokens to sway a recent governance vote that ultimately failed. The controversy followed a DAO proposal that aimed to move control of Aave’s brand assets under the DAO, which was decisively rejected as most voters either voted against it or chose to abstain.
The situation intensified after an anonymous DAO member known as EzR3aL accused Aave Labs of redirecting fees from a new integration with DEX aggregator CoW Swap to a wallet allegedly controlled by Aave Labs, without first getting approval from the DAO. This sparked strong criticism and reopened debates around governance transparency and ownership of intellectual property within the ecosystem.
In response, Kulechov said that disagreement and debate are normal in decentralized governance systems. He admitted that Aave Labs had not done a good enough job explaining how it is economically aligned with AAVE token holders. He also pointed out that the DAO generated around $140 million in revenue this year alone—more than the total of the previous three years combined—and emphasized that the treasury remains fully under token holder control.
Regarding his $AAVE purchase, Kulechov clarified that the tokens were not used for voting purposes and described the buy as a personal, long-term investment reflecting his belief in the project. He added that the Aave ecosystem is strong enough to support multiple service providers and reaffirmed his commitment to working collaboratively toward a more transparent and better-aligned future.
Adding another layer to the controversy, former Aave Labs CTO Ernesto Boado claimed that the proposal was submitted without his awareness or approval, further fueling concerns that standard DAO governance processes may have been bypassed.
Ethereum saw its strongest on-chain activity ever in late December 2025, with transaction volumes hitting a new all-time high—even though ETH’s price continues to hover around the $3,000 mark, well below the highs of previous market cycles. This surge in network usage has been driven largely by growing Layer-2 settlement activity, a rebound in DeFi participation, and steady stablecoin transfers. At the same time, improvements in network efficiency have helped keep transaction fees relatively stable compared to earlier cycles.
On-chain data points to improving fundamentals beneath the surface. Large ETH holders are still accumulating, while exchange reserves have dropped sharply over the past year, suggesting less ETH is readily available for sale. Increased transaction activity also means more ETH is being burned through the EIP-1559 mechanism, which could slowly tighten supply over the long term.
However, short-term market forces are still weighing on price. Recent spikes in ETH inflows to major exchanges—often a sign of potential selling or defensive positioning—help explain why price movement has remained limited. As a result, Ethereum is currently stuck in a divergence: record-breaking network demand on one side and muted market sentiment on the other, with future price direction likely hinging on broader liquidity conditions in the weeks ahead.
In 2025, forced liquidations across the crypto derivatives market reached roughly $150 billion, based on CoinGlass data. While that number sounds extreme, it mostly reflects how risk is managed in a market dominated by derivatives rather than signaling any kind of systemic breakdown. For context, total crypto derivatives trading volume for the year was about $85.7 trillion, showing that liquidations are a built-in feature of how these markets operate.
The biggest liquidation event occurred during the October crash, which was sparked by a macro shock. President Donald Trump’s announcement of 100% tariffs on Chinese imports, along with potential export restrictions, sent global risk assets sharply lower. In crypto, this move wiped out heavily leveraged long positions as margin requirements were breached. Between October 10 and 11 alone, more than $19 billion in positions were liquidated, with the majority coming from bullish trades.
Auto-deleveraging (ADL) made the situation worse, particularly in thinner mid-cap and long-tail markets. What were meant to be hedges ended up turning into real losses as liquidity dried up. Bitcoin and Ethereum fell around 10–15%, while many smaller tokens saw 50–80% collapses in their perpetual contract prices. Heavy reliance on a small number of major exchanges further amplified the forced selling, putting stress on trading infrastructure and cross-exchange strategies.
This episode highlights a key reality of today’s crypto market: in a derivatives-driven environment, liquidations aren’t just a punishment for excessive leverage. They are a structural mechanism that can significantly amplify stress when macro conditions turn hostile. Even so, the market continued to function, with open interest resetting and risk being repriced—underscoring both the resilience of the system and the clear limits of leverage and concentrated market structure.
O fornecimento protegido do Zcash se estabilizou em cerca de 23% após uma forte alta no início de 2025, um sinal de que a adoção de seus recursos de privacidade está se mantendo estável, mesmo que a empolgação em torno do token ZEC tenha diminuído. É importante notar que os usuários que começaram a usar transações protegidas em grande parte permaneceram com elas em vez de voltar para transferências transparentes.
O foco renovado na privacidade não se limita ao Zcash. Outros projetos orientados para a privacidade, incluindo Monero, também estão recebendo mais atenção e apresentando um desempenho forte. À medida que os pagamentos em blockchain e o uso de stablecoins continuam a se expandir, a troca entre transparência de blockchain e privacidade do usuário está se tornando mais difícil de ignorar. Essa mudança sugere que ferramentas e protocolos focados na privacidade provavelmente continuarão relevantes bem até 2026 e além.
Vitalik Buterin has spoken out against the European Union’s “zero-space” approach to online content regulation under the Digital Services Act (DSA), warning that trying to completely eliminate certain content, viewpoints, or products reflects a totalitarian and anti-pluralistic way of thinking. He argued that in a genuinely free society, it’s unrealistic—and dangerous—to believe controversial ideas can be fully erased, especially in digital systems that no single authority can fully control.
According to the Ethereum co-founder, the real issue isn’t that extreme or controversial views exist in small or niche communities. The bigger problem is how social media algorithms amplify those views and push them into the mainstream, allowing them to dominate public discussion. He said regulation should focus on limiting that amplification, rather than attempting to wipe such content out entirely.
Buterin cautioned that aiming for a world with “no space” for unpopular ideas only deepens social divisions and opens the door to technocratic authoritarianism, as regulators are forced to build increasingly invasive systems to enforce subjective judgments. Instead, he called for a user-centric approach that prioritizes algorithmic transparency, more open platforms, stronger competition, and incentives that reduce the large-scale spread of harmful content. He added that he hopes European policymakers choose a pluralistic path that protects free expression, rather than creating a tightly controlled and overly sanitized online space through top-down regulation.
Bitcoin mining stocks split sharply in 2025, as exposure to AI and high-performance computing became the main factor separating winners from losers. Companies that successfully pivoted toward AI infrastructure significantly outperformed traditional, bitcoin-only miners. IREN was the standout, posting roughly 300% gains year-to-date, while Bitdeer ended up as the weakest performer in the group.
Miners with a clear AI strategy—such as IREN, Cipher Mining, and Hut 8—delivered triple-digit returns, supported by GPU cloud agreements, partnerships with hyperscalers, and long-term data-center leasing deals. Meanwhile, miners focused primarily on bitcoin, including Marathon, CleanSpark, Riot, and Bitdeer, lagged behind. For these firms, holding BTC on the balance sheet wasn’t enough to compensate for softer earnings, execution issues, or slow progress on AI initiatives.
Overall, 2025 made the trend unmistakable: bitcoin miners that repurposed their infrastructure for AI data centers consistently outperformed those that remained pure-play mining operations.
According to The Block’s Data and Insights newsletter, mentions of blockchain-related terms in SEC filings climbed sharply throughout 2025, reaching roughly 8,000 mentions by August and staying elevated through November. This rise highlights how deeply digital assets have entered the regulatory and corporate conversation.
Bitcoin-related references accounted for most of the increase. This was driven by the wave of spot Bitcoin ETF filings and amendments that followed several successful product launches in early 2024, as traditional asset managers continued to roll out and expand crypto offerings throughout 2025. Unlike more cyclical topics such as ICOs or broad “cryptocurrency” mentions, Bitcoin references remained consistently high, signaling that institutional interest has increasingly centered on Bitcoin as the clearest and most accepted regulatory entry point for traditional finance.
The surge in filings also aligned with meaningful progress on the legislative front, which helped clarify the rules of engagement for market participants. One major development was the passage of the GENIUS Act in early 2025, which introduced a comprehensive stablecoin framework in the U.S. The law requires full reserve backing, strict AML compliance, monthly disclosures, and offers two regulatory paths: federal oversight for larger issuers and state-level options for issuers under $10 billion.
Building on this momentum, the House passed the Digital Asset Market Clarity Act in July, expanding on the FIT21 framework introduced in 2024 to establish broader guidelines for crypto market structure. Together, these regulatory advances created more predictable compliance pathways, encouraging companies to formalize their crypto operations through proper registration.
Overall, the trend suggests that companies and financial institutions are increasingly entering the crypto space with a compliance-first mindset—particularly through Bitcoin and other tightly regulated products.
URGENTE: O TAPETE VERMELHO & A SALA DE GUERRA — TRUMP RECEBERÁ ZELENSKYY
O tabuleiro geopolítico está prestes a testemunhar um movimento impressionante. O ex-presidente Donald Trump está prestes a se encontrar com o presidente ucraniano Volodymyr Zelenskyy neste final de semana.
Este não é apenas um telefonema de cortesia. Esta é uma cúpula de alto risco onde o futuro da guerra na Ucrânia, a política externa americana e bilhões em ajuda serão negociados diretamente. Com um possível retorno ao Salão Oval no horizonte, Trump detém um imenso poder para moldar o desfecho do conflito. Zelenskyy não está apenas se encontrando com um ex-líder; ele está navegando o possível futuro arquiteto da sobrevivência da Ucrânia.
Mercados, anotem: este encontro enviará ondas de choque imediatas através das ações de defesa, commodities de energia e sentimento de risco global. Cada palavra, cada gesto será dissecado em busca de pistas sobre o futuro compromisso dos EUA. Será um compromisso de apoio inabalável ou uma pressão por um acordo negociado em termos que agitem o Ocidente?
Uma coisa é certa: o mundo estará assistindo. Neste final de semana, a diplomacia se move dos canais oficiais estéreis para o dramático e imprevisível palco do mundo de Trump.
Prepare-se para a volatilidade. A geopolítica é agora o catalisador mais urgente do mercado.
BREAKING: DADOS REVELAM 2026 COMO O "FAÇA OU MORRA" DO BITCOIN ⚠️
Novos modelos proprietários estão emitindo um sinal impressionante: uma probabilidade de 70% de que o Bitcoin experimente um rompimento histórico e parabólico em 2026. Isso não é esperança vazia—é um mandato estatístico baseado em ciclos convergentes de adoção, momentum de halving e fluxos de liquidez.
Mas há uma condição crítica. Esse aumento monumental depende de uma condição não negociável: o Bitcoin deve manter a atual tendência de acumulação macro. Estamos na janela de fazer ou quebrar onde instituições estão construindo posições geracionais. Se esse suporte fundamental ruir, a tese de 2026 se evaporará.
A contagem regressiva começou. Os próximos 18 meses separarão uma corrida de touros rotineira de um evento de riqueza geracional. Cada queda está sendo disputada, sinalizando uma intensa disputa entre convicção de longo prazo e medo de curto prazo.
O halving de 2024 foi o tiro de partida. 2025 é a maratona. 2026 é a linha de chegada. Veremos seis dígitos ou um padrão quebrado? Os modelos já falaram. Agora, o preço deve obedecer.
Observe a tendência. O destino do próximo ciclo está sendo escrito agora.
🚨 O CONGRESSO FUGIU DA CAPITAL — E DEIXOU UMA BOMBA RELÓGIO DE $25 BILHÕES ⚠️
O cenário está armado para um perigoso impasse político. Com um prazo crítico de 31 de janeiro se aproximando rapidamente, o Congresso deixou Washington sem um acordo de gastos em vigor. O resultado? Uma ameaça maciça de outro fechamento total do governo dos EUA.
Isso não é ruído processual—é uma ameaça direta à estabilidade do mercado. Centenas de milhares de trabalhadores federais enfrentariam licenças, liberações de dados econômicos críticos do BLS e BEA seriam congeladas, e as operações de pagamento do Tesouro poderiam ser severamente interrompidas. O fantasma do fechamento de 35 dias de 2018 paira grande, um período que abalou os mercados e cortou o PIB.
Esse jogo de poder chega no pior momento possível. Com o próximo movimento do Fed pendurado na balança, um fechamento criaria um apagão de dados imediato, forçando os formuladores de políticas a operar às cegas e injetando uma brutal incerteza nas expectativas de cortes de taxa. A disfunção governamental é agora o maior risco macroeconômico de curto prazo.
Os mercados têm estado complacentes, mas o relógio está correndo. A volatilidade é uma garantia. Eles conseguirão um acordo de última hora, ou mergulharão a economia em um caos deliberado? Prepare-se.
⚠️ CRITICAL ALERT: $28 Billion Crypto Powder Keg Set to Detonate ⚠️
The crypto market is teetering on a knife's edge. In just hours, a staggering $28 billion in options contracts is set to expire, creating a massive pressure valve that could unleash violent volatility.
This is not a drill. This expiry is one of the largest in history, creating a gravitational pull on Bitcoin and major altcoins. Market makers hedging their massive positions are forced into a dangerous dance, buying or selling spot assets to neutralize risk. The result? A potential liquidity vacuum or a sudden, explosive squeeze.
Traders are bracing for impact. Key strike prices—particularly around $60,000 for Bitcoin—act as magnets, with prices often pinned or violently repelled as expiry approaches. This is the hidden machinery of the market at its most ruthless.
The fuse is lit. Will it be a controlled demolition or a full-blown crash? One thing is certain: capital will be made and lost in minutes, not days. This is where narratives break and price is the only truth.
Stay sharp. Manage your risk. The clock is ticking.
URGENTE: Caçada Global por Suspeito do Ataque à Coinbase — Suspeito Detido na Índia
O fantasma de uma das falhas de segurança mais notórias do crypto acaba de ressurgir — e está cruzando fronteiras. As consequências oficialmente se tornaram internacionais.
O CEO da Coinbase, Brian Armstrong, confirmou um desenvolvimento surpreendente: um ex-agente de atendimento ao cliente foi preso na Índia em conexão com a violação de alto perfil. Este não é apenas um incidente local; é uma caçada digital em grande escala pegando fogo através dos continentes.
As implicações são explosivas. Esta prisão expõe a frágil camada humana na armadura de segurança do crypto — um único insider com acesso pode desencadear um tremor global. Isso sinaliza que os reguladores e a aplicação da lei agora estão rastreando essas trilhas digitais com uma eficiência assustadora, do Vale do Silício a Mumbai.
Para o mercado, isso é um lembrete nítido e emocionante: no mundo descentralizado, a confiança permanece centralizada nos guardiões. Cada violação testa essa confiança até seu ponto de ruptura. Enquanto as bolsas reforçam suas paredes, a caçada por maus atores se tornou um jogo global e em tempo real de gato e rato.
A mensagem é clara: ninguém está além do alcance. As paredes estão se fechando. Mantenha-se vigilante. Sua segurança é tão forte quanto seu elo mais fraco.
BREAKING: The Battle for the Federal Reserve Chair Is Officially Set 🔥
President Trump has confirmed he will appoint the next Fed Chair in early 2026. Jerome Powell's term ends in May, making this one of the most consequential economic decisions of the decade—shaping interest rates, the USD, and global capital flows for years.
The signal is clear: expect a chair loyal to a low-rate, growth-focused agenda. Names like Kevin Hassett and Kevin Warsh are already circulating as top contenders.
What This Means for Markets:
· Volatility is loading. This decision will be priced in well before the official announcement. · Rate-sensitive assets—from growth stocks to crypto—will see repositioning. · Politics shifts from noise to catalyst. The Fed's independence is now a central market narrative.
This isn't just a personnel change. It's a regime shift in the making.
Opportunity moves ahead of the headlines. Stay sharp. Stay early.
O Impulso Econômico dos EUA Aumenta—Os Mercados Estão Ouvindo
A narrativa em torno da economia dos EUA está mudando, e a ação dos preços está liderando o caminho. Sinais-chave sugerem uma mudança notável no sentimento:
· As ações estão ganhando força em meio a uma pressão inflacionária mais calma do que o esperado e um robusto crescimento do PIB. · O apetite por risco está retornando, com capital se movendo em direção a ativos de crescimento à medida que os medos macroeconômicos diminuem—mesmo que temporariamente. · Discussões sobre cortes de taxa estão ressurgindo não como uma previsão, mas como uma possibilidade tangível, apoiando a reavaliação de ativos. · A liquidez global está respondendo ao impulso, muitas vezes se movendo à frente da confirmação total.
O Que Isso Significa para a Posicionamento:
· As ações permanecem apoiadas enquanto a confiança se mantiver. · Os ativos de risco ganham espaço para respirar à medida que a volatilidade muda de impulsionada pelo medo para impulsionada por manchetes. · A política agora atua como um catalisador em vez de ruído de fundo.
Isso não se trata de euforia ou confirmação—trata-se de reposicionamento e impulso. Os mercados se inclinam para frente antes que a certeza chegue, e agora, eles estão se inclinando para a resiliência econômica dos EUA.
Observe a liquidez e as reações de perto. Quando os EUA se movem, os mercados globais ainda seguem.
Update: Massive 49% surge on extreme volume. Testing resistance after huge move. MACD bullish but overextended. Key hold above $0.1520. High volatility expected.
Update: Testing major resistance at the 24H high ($1.694). MACD is negative but converging. Strong volume supports move. A clean break above $1.65 confirms target.
Update: Massive 10%+ pump on high volume. Price is challenging the 24H high ($9.309). MACD is negative but bullish momentum is strong. Hold above $8.85 for next leg.