Cryptocurrency markets had a small rebound following final week’s dip, as investor exercise wound down in the course of the holidays.
Bitcoin (BTC) fell to a weekly low of $86,561 on Tuesday, earlier than bouncing again above $88,600 on Friday, according to TradingView information.
Spot Bitcoin exchange-traded funds (ETFs) demand remained weak, recording $175 million in outflows on Wednesday, which marked a fifth consecutive day of web outflows, according to Farside Traders.
Within the wider cryptocurrency house, members of the Aave neighborhood criticized their decentralized lending and borrowing protocol over what they described as a untimely push to advance a governance proposal on model asset possession.
The proposal, which sought to return management of the protocol’s model belongings and mental property to a DAO-controlled entity, was rejected on Friday, with a majority voting towards it.
Aave governance vote ends in rejection after neighborhood pushback
Aave token holders voted towards a controversial governance proposal looking for to position management of the protocol’s model belongings below DAO possession.
On Friday, the snapshot ballot closed with 55.29% voting “NAY” and 41.21% abstaining. Solely 3.5% of voters supported the proposal.
The proposal requested whether or not Aave (AAVE) token holders ought to regain management over Aave’s domains, social handles, naming rights and different mental property by way of an entity below a decentralized autonomous organization (DAO). Supporters framed the transfer as a step towards decentralization and clarifying questions on model stewardship.
The rejection closed a tense governance episode for Aave, one in all decentralized finance’s (DeFi) largest lending protocols. It highlighted how timing, escalation and participation can form governance outcomes in a DAO.
DEX adoption, HIP-3 gas $200 HYPE case as rivals threaten Hyperliquid’s dominance
Decentralized perpetuals change Hyperliquid has been amongst crypto’s breakout initiatives in 2025, however rivals’ profitable rewards techniques are vying to lure traders away.
Cantor Fitzgerald forecasts Hyperliquid’s HYPE (HYPE) token to surge to $200 by 2035. Hyunsu Jung, CEO of HYPE treasury firm Hyperion DeFi argues that the surge will likely be fueled by the Hyperliquid Improvement Proposal 3 (HIP-3).
“We see HIP-3 as the key driver of Hyperliquid’s subsequent part of progress, and as a key enabler of the valuation framework proposed by Cantor,” Jung informed Cointelegraph.
Perpetual swaps are futures spinoff contracts that monitor the worth of an underlying asset however haven’t any expiration date. Contracts preserve their worth near the spot belongings by a funding mechanism, which transfers funds between lengthy and brief place holders.
The market share of perpetual futures DEXs rose from 2.1% in January 2023 to a brand new all-time excessive of 11.7% in November 2025, according to a report by information aggregator CoinGecko.
CZ proposes repair to deal with poisoning after investor loses $50 million
Binance co-founder Changpeng Zhao proposed further safety measures to “eradicate” deal with poisoning, together with pockets warnings and blacklists of suspicious accounts.
“All wallets ought to merely verify if a receiving deal with is a ‘poison deal with,’ and block the person. This can be a blockchain question,” Zhao wrote in a Wednesday weblog post.
Address poisoning is a type of phishing during which scammers trick victims into sending crypto to illicit wallets by first sending them small transactions. Unsuspecting customers typically copy and paste the attacker’s deal with from their pockets historical past.
Phishing scams cost 6,344 victims over $7.7 million in November, in line with Rip-off Sniffer information. That quantity is anticipated to surge in December largely on account of $50 million in USDT (USDT) lost by a single sufferer on Friday.
“Lastly, wallets mustn’t even show these spam transactions wherever. If the worth of the [transaction] is small, simply filter it out,” Zhao added.
Ethena’s USDe misplaced $8.3 billion since October crash amid “lack of confidence”
Ethena’s artificial greenback USDe has shed about $8.3 billion in web outflows for the reason that major liquidation event on Oct. 10, as confidence in leveraged and artificial collateral buildings continues to weaken.
In line with a report from 10x Analysis, the October sell-off marked a turning level for the crypto market, flipping the bull part right into a interval of deleveraging. The crash erased an estimated $1.3 trillion in crypto market worth, practically 30% of whole capitalization on the time.
Ethena USDe (USDE), which depends on artificial collateral and hedging mechanisms reasonably than conventional fiat reserves, confronted a “sharp lack of confidence” below these circumstances, the analysts wrote.
In line with information from CoinMarketCap, USDe’s market cap stood at practically $14.7 billion on Oct. 9. In simply over two months, that worth has dropped to round $6.4 billion.
Uniswap payment change to go reside as neighborhood vote set to cross
The extremely anticipated Uniswap protocol payment change, dubbed “UNIfication,” handed and was to go reside later this week, having reached the 40 million vote threshold wanted to set off one of many largest upgrades within the decentralized change protocol’s seven-year historical past.
Uniswap Labs CEO Hayden Adams said on Thursday {that a} profitable vote would observe a two-day timelock interval during which Uniswap v2 and v3 payment switches would flip on the Unichain mainnet, triggering the burning of extra Uniswap (UNI) tokens.
The proposal will see 100 million UNI tokens burned from the Uniswap Basis’s treasury, whereas a Protocol Price Low cost Auctions system to extend liquidity supplier returns would even be carried out.
The adjustments are anticipated to considerably enhance the supply-demand dynamics of the UNI token and make it a extra interesting token to carry over the long run.
Information of the UNIfication proposal in early November spurred a close to 40% rally within the UNI token, taking it from about $7 to $9.70 on Nov. 11.
Uniswap is the biggest decentralized change and has processed greater than $4 trillion in buying and selling quantity since launching in November 2018. CoinGecko data exhibits that UNI is the thirty ninth largest token by market cap, at $3.8 billion.
DeFi market overview
In line with information from Cointelegraph Markets Pro and TradingView, many of the 100 largest cryptocurrencies by market capitalization ended the week within the inexperienced.
The Pippin (PIPPIN) memecoin rose over 41% because the week’s largest gainer, adopted by the Canton (CC) token, up over 25% on the weekly chart.
Thanks for studying our abstract of this week’s most impactful DeFi developments. Be part of us subsequent Friday for extra tales, insights and training concerning this dynamically advancing house.
