Cryptocurrency markets had a small rebound following last week\u2019s dip, as investor activity wound down during the holidays.<\/p>\n
Bitcoin (BTC<\/a>) fell to a weekly low of $86,561 on Tuesday, before bouncing back above $88,600 on Friday, according<\/a> to TradingView data.<\/p>\n Spot Bitcoin exchange-traded funds (ETFs) demand remained weak, recording $175 million in outflows on Wednesday, which marked a fifth consecutive day of net outflows, according<\/a> to Farside Investors.<\/p>\n In the wider cryptocurrency space, members of the Aave community criticized their decentralized lending and borrowing protocol over what they described as a premature push to advance a governance proposal on brand asset ownership.<\/p>\n The proposal, which sought to return control of the protocol\u2019s brand assets and intellectual property to a DAO-controlled entity, was rejected on Friday, with a majority voting against it.<\/p>\n Aave token holders voted against a controversial governance proposal seeking to place control of the protocol’s brand assets under DAO ownership.<\/p>\n On Friday, the snapshot poll closed<\/a> with 55.29% voting \u201cNAY\u201d and 41.21% abstaining. Only 3.5% of voters supported the proposal.<\/p>\n The proposal asked whether Aave (AAVE<\/a>) token holders should regain control over Aave\u2019s domains, social handles, naming rights and other intellectual property through an entity under a decentralized autonomous organization (DAO)<\/a>. Supporters framed the move as a step toward decentralization and clarifying questions about brand stewardship.<\/p>\n The rejection closed a tense governance episode for Aave, one of decentralized finance’s (DeFi)<\/a> biggest lending protocols. It highlighted how timing, escalation and participation can shape governance outcomes in a DAO.<\/p>\n Continue reading<\/strong><\/a><\/p>\n Decentralized perpetuals exchange Hyperliquid has been among crypto\u2019s breakout projects in 2025, but rivals\u2019 lucrative rewards systems are vying to lure investors away.<\/p>\n Cantor Fitzgerald forecasts Hyperliquid\u2019s HYPE (HYPE<\/a>) 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<\/a> (HIP-3).<\/p>\n “We see HIP-3 as the major driver of Hyperliquid\u2019s next phase of growth, and as a key enabler of the valuation framework proposed by Cantor,” Jung told Cointelegraph.<\/p>\n Perpetual swaps are futures derivative contracts that track the price of an underlying asset but have no expiration date. Contracts maintain their price close to the spot assets by a funding mechanism, which transfers payments between long and short position holders.<\/p>\n The market share of perpetual futures DEXs rose from 2.1% in January 2023 to a new all-time high of 11.7% in November 2025, according<\/a> to a report by data aggregator CoinGecko.<\/p>\n Continue reading<\/strong><\/a><\/p>\n Binance co-founder Changpeng Zhao proposed additional security measures to \u201ceradicate\u201d address poisoning, including wallet warnings and blacklists of suspicious accounts.<\/p>\n “All wallets should simply check if a receiving address is a ‘poison address,’ and block the user. This is a blockchain query,” Zhao wrote in a Wednesday blog post<\/a>.<\/p>\n Address poisoning<\/a> is a form of phishing in which scammers trick victims into sending crypto to illicit wallets by first sending them small transactions. Unsuspecting users often copy and paste the attacker\u2019s address from their wallet history.<\/p>\n Phishing scams cost<\/a> 6,344 victims over $7.7 million in November, according to Scam Sniffer data. That number is expected to surge in December largely due to $50 million in USDT (USDT<\/a>) lost<\/a> by a single victim on Friday.<\/p>\n “Lastly, wallets should not even display these spam transactions anywhere. If the value of the [transaction] is small, just filter it out,” Zhao added.<\/p>\n Continue reading<\/strong><\/a><\/p>\n Ethena\u2019s synthetic dollar USDe has shed about $8.3 billion in net outflows since the major liquidation event on Oct. 10<\/a>, as confidence in leveraged and synthetic collateral structures continues to weaken.<\/p>\n According to a report<\/a> from 10x Research, the October sell-off marked a turning point for the crypto market, flipping the bull phase into a period of deleveraging. The crash erased an estimated $1.3 trillion in crypto market value, nearly 30% of total capitalization at the time.<\/p>\n Ethena USDe (USDE<\/a>), which relies on synthetic collateral and hedging mechanisms rather than traditional fiat reserves, faced a \u201csharp loss of confidence\u201d under these conditions, the analysts wrote.<\/p>\n According to data from CoinMarketCap, USDe\u2019s market cap stood at nearly $14.7 billion on Oct. 9. In just over two months, that value has dropped to around $6.4 billion.<\/p>\n Continue reading<\/strong><\/a><\/p>\n The highly anticipated Uniswap protocol fee switch, dubbed \u201cUNIfication,\u201d passed and was to go live later this week, having reached the 40 million vote threshold needed to trigger one of the biggest upgrades in the decentralized exchange protocol\u2019s seven-year history.<\/p>\n Uniswap Labs CEO Hayden Adams said<\/a> on Thursday that a successful vote would follow a two-day timelock period in which Uniswap v2 and v3 fee switches would flip on the Unichain mainnet, triggering the burning of more Uniswap (UNI<\/a>) tokens.<\/p>\n The proposal will see 100 million UNI tokens burned from the Uniswap Foundation\u2019s treasury, while a Protocol Fee Discount Auctions system to increase liquidity provider returns would also be implemented.<\/p>\n The changes are expected to significantly improve the supply-demand dynamics of the UNI token and make it a more appealing token to hold over the long term.<\/p>\n News of the UNIfication proposal in early November spurred a near 40% rally in the UNI token, taking it from about $7 to $9.70 on Nov. 11.<\/p>\n Uniswap is the largest decentralized exchange and has processed more than $4 trillion in trading volume since launching in November 2018. CoinGecko data<\/a> shows that UNI is the 39th largest token by market cap, at $3.8 billion.<\/p>\n Continue reading<\/strong><\/a><\/p>\nAave governance vote ends in rejection after community pushback<\/h2>\n
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DEX adoption, HIP-3 fuel $200 HYPE case as rivals threaten Hyperliquid\u2019s dominance<\/h2>\n
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CZ proposes fix to address poisoning after investor loses $50 million<\/h2>\n
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Ethena\u2019s USDe lost $8.3 billion since October crash amid \u201closs of confidence\u201d<\/h2>\n
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Uniswap fee switch to go live as community vote set to pass<\/h2>\n
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DeFi market overview<\/strong><\/h2>\n
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