Aave Community Split and Broader Crypto Developments
The Aave community is divided over control of the protocol's brand and assets between the DAO and Aave Labs following the integration of CoW Swap, which redirected fees to Aave Labs. The network has more than $33 billion locked. The debate focuses on ownership of trademarks, domains, social accounts, and branded assets, with supporters advocating governance aligned with economic risk and limited private-company control, while opponents warn that removing brand control from builders could slow development and hinder partnerships.
Meanwhile, Ethereum's Glamsterdam upgrade plan pairs the Amsterdam execution-layer upgrade with the Gloas consensus-layer upgrade, introducing ePBS (EIP-7732) to separate block builders from proposers in order to reduce MEV and dependence on relays.
On the security front, Jameson Lopp highlighted that quantum computing threats to Bitcoin are unlikely in the near term, with meaningful defensive changes and cross-chain migrations possibly taking 5 to 10 years.
In governance, the EigenLayer proposal aims to channel AVS rewards and EigenCloud revenue back to EIGEN holders, strengthening long-term value and aligning tokenomics with network usage.
The IMF praised El Salvador's stronger economic growth; the country has accumulated about 7,500 BTC, valued roughly at $660 million, and discussions on the Chivo wallet sale are well advanced.
Russia's central bank proposed a framework to legalize and regulate crypto trading for individuals and institutions while cautioning about volatility. Digital currencies and stablecoins would be recognized as monetary assets but not allowed for domestic payments.
The EU Council supports an official digital euro plan, with proposed holding limits to prevent the digital euro from becoming a store of value, protecting financial stability, and averting competition with bank deposits.
Lastly, Nasdaq-listed crypto treasury firm Upexi filed for up to $1 billion in a SEC shelf offering and holds more than 2 million SOL tokens, approximately $248 million, on its balance sheet.
