2d ago
Aave DAO disputes Aave Labs control of CoW Swap integration fees worth $200,000 per week
A dispute has emerged between the Aave DAO and Aave Labs over how fees from the new CoW Swap integration are being handled. A DAO member claimed that at least $200,000 in Ether is directed weekly to an Aave Labs-controlled address instead of the DAO treasury, arguing the revenue belongs to token holders. Aave Labs countered that front-end infrastructure and related integrations fall under its remit, while some governance participants insist the DAO originally funded the adapter technology and should receive the income.
ETH
ETH+0.28%
2d ago
12-13
Vanguard's John Ameriks likens Bitcoin to a plush collectible despite December ETF access
At Bloomberg's ETFs in Depth conference in New York City, Vanguard's quantitative equity chief John Ameriks compared Bitcoin to a digital plush collectible, calling it a purely speculative asset. His remarks came after Vanguard's December policy shift that let its more than 50 million clients trade crypto exchange-traded funds, even as Bitcoin trades above $90,000 with 16 years of network uptime. Ameriks noted Bitcoin could gain non-speculative utility in environments of high fiat inflation or political instability, but said Vanguard will not give clients advice on specific crypto tokens.
12-13
12-13
Bitcoin miners pivot to renewable energy as hash price falls below $40 breakeven level
Bitcoin mining firms are increasingly adopting solar, hydro and wind power as the industry’s hash price hovers near record lows below the $40 breakeven threshold. Several operators have recently launched or expanded renewable-powered facilities in the United States and Ethiopia while developing more energy-efficient hardware to cope with tighter profit margins.
Selected
BTC
BTC+1.98%
12-13
12-13
Crypto industry, US unions clash over 401(k) crypto; AFT letter sent Wednesday
US lawmakers are weighing whether to allow 401(k) plans to hold crypto, exposing a sharp divide between industry advocates and labor unions. On Wednesday, the American Federation of Teachers urged the Senate Banking Committee to block retirement-account exposure to digital assets; on Thursday, AFT president Randi Weingarten reinforced that view. In October, the AFL-CIO also warned about volatility and systemic risk.
12-13