Competing reports outline contrasting views on protocol revenue, development and funding accountability. A governance dispute inside the Aave ecosystem intensified after two detailed reports offered contrasting interpretations of the protocol’s past funding and contributions ahead of a vote on a proposed $50 million package for Aave Labs. Aave Chan Initiative (ACI) founder Marc Zeller on Wednesday published what he called a transparency report reviewing Aave Labs’ historical funding and applied a return-on-investment framework to past DAO grants. Hours earlier, Aave Labs released its own contributions report outlining its role in building the protocol since 2017. The dispute centers on the “Aave Will Win” framework, a proposal asking tokenholders to approve funding worth up to $42.5 million in stablecoins and 75,000 AAVE (AAVE) tokens. In return, Aave Labs would route 100% of revenue from Aave-branded products to the Aave DAO treasury under a DAO-funded operating model, according to the proposal and related ...
Bitcoin’s failure to replicate gains in gold and stocks over the last six months may result in a delayed rally as BTC price returns to $65,000. Bitcoin (BTC) rallied toward $66,000 after Tuesday’s gains in the US stock market, as cryptocurrencies sought to halt their 2026 slump. Key takeaways: Bitcoin rallied above $66,000 on Wednesday, recovering alongside US stocks. Read more
Binance rejected the allegations, saying it flags suspicious activity, enforces strict compliance procedures and does not permit Iranian users on the platform. A senior US lawmaker launched a congressional inquiry into crypto exchange Binance following reports that the platform processed about $1.7 billion in transactions tied to sanctioned Iranian entities and Russia’s oil “shadow fleet.” On Tuesday, Senator Richard Blumenthal, ranking member of the Senate Permanent Subcommittee on Investigations, sent a letter to Binance CEO Richard Teng requesting documents and internal records related to the exchange’s sanctions controls and compliance practices. Citing reporting from the Wall Street Journal, New York Times and Fortune, Blumenthal said Binance compliance staff had identified two partner entities, including Hexa Whale and Blessed Trust, as intermediaries enabling trade with Iranian government-linked organizations. Internal investigators also reportedly traced transfers to wallets associated with Iran’s Isl...
Bitcoin traders had mixed opinions over what caused a BTC price rebound past $66,000 as attention focused on Jane Street selling pressure. Bitcoin (BTC) sought to reclaim $65,000 as support into Wednesday’s Wall Street open as rumors swirled around US institutional pressure. Key points: Bitcoin bounces 2.5% as talk turns to alleged selling pressure from Wall Street trading company Jane Street. Read more
Strategy has become the most-shorted large-cap US stock as hedge funds ramp up bearish bets, according to data from Goldman Sachs. Crypto bank Anchorage Digital said it holds Strategy’s perpetual preferred security STRC on its balance sheet, adding an institutional backer to Michael Saylor’s Bitcoin treasury company at a time when Wall Street traders are increasingly betting against it. In a Wednesday post on X, Anchorage co-founder and CEO Nathan McCauley said the purchase shows alignment between two companies built around Bitcoin (BTC) infrastructure and corporate treasury adoption. “Conviction compounds. Institutions don’t just talk about Bitcoin, they structure around it,” McCauley wrote. “When the company that operationalizes Bitcoin infrastructure puts capital alongside the company that operationalized the Bitcoin treasury strategy…that’s a signal,” he added. Anchorage did not reveal the size or timing of the position. Read more
The $61 million USDT seizure in North Carolina shows how US authorities can trace and freeze stablecoin flows tied to pig butchering scams, as AI‑driven impersonation schemes surge. US Federal agents in North Carolina seized more than $61 million worth of USDt (USDT) tied to a large‑scale “pig butchering” crypto investment scam that preyed on victims through fake online relationships and fraudulent trading platforms. According to the US Attorney’s Office for the Eastern District of North Carolina in Raleigh on Tuesday, the scammers posed as romantic partners and claimed to have special trading expertise. They then steered their victims toward convincing but fake crypto sites that displayed fictitious investment portfolios showing unusually high returns that enticed them to invest more, before the scammers blocked their withdrawals and demanded extra fees when victims tried to get their money back. Read more