Critics say the decision to fast-track a brand ownership vote exposed weaknesses in how one of DeFi’s largest DAOs handles governance process. A governance vote at decentralized finance (DeFi) lending protocol Aave sparked a backlash from key stakeholders after a proposal on ownership of Aave's brand assets was escalated to a Snapshot vote amid unresolved discussion. The proposal asks the community whether Aave (AAVE) token holders should regain control over the protocol’s brand assets, including domains, social handles, naming rights and other intellectual property through a DAO-controlled legal vehicle. Aave founder Stani Kulechov said the community was interested in a decision, announcing that the proposal had been moved to a vote. Read more
Cantor Fitzgerald is predicting a HYPE rally to $200 by 2035, but rival DEXs are attracting a growing share of crypto traders as they emerge with lucrative reward farming systems. Decentralized perpetuals exchange Hyperliquid has been among crypto’s breakout projects in 2025, but rivals’ lucrative rewards systems are vying to lure investors away. Cantor Fitzgerald forecasts Hyperliquid’s HYPE (HYPE) token to surge to $200 by 2035. Hyunsu Jung, CEO of HYPE treasury company Hyperion DeFi argues that the surge will be fueled by the Hyperliquid Improvement Proposal 3 (HIP-3). "We see HIP-3 as the major driver of Hyperliquid’s next phase of growth, and as a key enabler of the valuation framework proposed by Cantor," Jung told Cointelegraph. Read more
Bitcoin approached $90,000 amid Santa rally speculation, backed by bullish derivatives and chart patterns that target a BTC price above $100,000. Bitcoin (BTC) charged toward $90,000 during the early Asia trading hours on Monday as a key market metric suggested a “tactical” upside potential for BTC price. Key takeaways: Bitcoin is up 6.5% from recent lows, fueling "Santa Rally" hopes with targets up to $120,000. Read more
Hong Kong’s insurance regulator is reportedly weighing a proposal to let insurers invest in cryptocurrencies with a 100% capital charge. The Hong Kong Insurance Authority is reportedly proposing to allow insurance capital allocation to cryptocurrencies and infrastructure projects. Bloomberg reported on Monday that the city’s regulator started reviewing the risk-based capital regime to support the insurance industry and economic development. Crypto allocations would be subject to a 100% risk charge, meaning that the insurer would need regulatory capital roughly equal to the full value of its crypto position. Read more