Prix de AaveAAVE

$AAVE #Aave (AAVE). The price of AAVE held the 4-hour OB zone between $168.3 and $173.3. This gives the price the potential to continue its upward movement after a local correction. The main target for growth is the previous highs above $217.

Republican Donald Trump extended his lead over Democrat Kamala Harris to seven percentage points on Thursday on the decentralized predictions platform Polymarket — the largest since briefly hitting the same level on Aug. 22. Trump’s chances of winning the U.S. presidential election in November are now at 53% compared to Harris’ 46%, according to the platform. That's up from a three percentage point margin on Monday, having reversed the lead Harris enjoyed in August after taking over the Democratic candidacy from President Joe Biden. Among critical swing states, Trump currently outpaces Harris in Arizona, Georgia, Nevada and Pennsylvania on Polymarket, while Harris leads in Michigan and Wisconsin. The U.S. election results remain the biggest prediction market on the platform, with a trading volume now totaling more than $800 million. Polymarket’s election odds were also integrated into Bloomberg Terminal earlier this week in a sign of increasing mainstream adoption. However, Polymarket’s odds contrast sharply with recent national polling averaging 47% to 44% in Harris’ favor, according to analysts at research and brokerage firm Bernstein. Presidential election national polls average. Image: Bernstein. Highlighting blockchain’s democratization of markets and its role in helping to pursue the truth in a note to clients earlier this week, Bernstein analysts Gautam Chhugani, Mahika Sapra and Sanskar Chindalia said if users believe traditional election polls are biased, they can follow the Polymarket odds instead for any divergence with the polls. The candidates’ crypto stance During the Bitcoin 2024 conference in July, the increasingly pro-crypto Trump promised to fire hostile Securities and Exchange Commission Chair Gary Gensler if elected in November. He also said he’d stop the U.S. from selling its bitcoin holdings and create a “strategic bitcoin reserve.” Last week, Trump launched his fourth NFT trading card series, "Series 4: The America First Collection," which has logged sales of over $2 million. The former President has also teased World Liberty Financial, a crypto project created by two of his sons that will reportedly be built on the Ethereum blockchain, working with DeFi protocol Aave to facilitate a credit account system for decentralized borrowing and lending. Meanwhile, Harris has yet to address crypto directly, though her campaign adviser previously said she plans to support measures to help the digital asset industry grow. The liberal-leaning political action committee Future Forward has also onboarded with Coinbase Commerce to indirectly accept crypto donations on her behalf, The Block confirmed yesterday. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Revenue Dispute: Delegates claim CowSwap integration redirected swap fees away from the Aave DAO. Governance Backlash: Tokenholders warn alleged revenue losses could exceed $10 million annually. Labs Defense: Aave Labs cites long-term innovation and DAO value creation to counter criticism. Tension has risen inside the Aave community over control of protocol revenue. Delegates and service providers now clash over ownership rights. A recent integration changed how swap fees flow. That shift triggered sharp reactions from tokenholders. Many now question whether DAO interests remain protected. Accusations of lost revenue dominate governance discussions. Estimates suggest losses could reach eight figures annually. For years, Aave's swap feature funneled revenue to the DAO through Paraswap's referral program. No extra user costs, just passive income for tokenholders.December 2025: Aave Labs announces a CoWSwap partnership for "an improved swap experience."But where's the money going now?…— fredcat (@fredcat5150) December 11, 2025 Who Controls Aave’s Revenue Streams Aave DAO historically paid contractors directly for development work. That funding covered interfaces, branding, and product features. Governance participants argue this payment structure grants full ownership to the DAO. Fees generated through those features should flow back to the treasury. This understanding remained widely accepted for years. The CowSwap integration altered that arrangement. Swap fees no longer reach the DAO treasury. Delegates quickly noticed the change and raised objections. Previous integrations, including ParaSwap, shared revenue with the DAO. The new setup redirected fees elsewhere. Delegates described the outcome as sidelining tokenholders. One delegate estimated annual revenue losses exceeding $10 million. That figure sparked heated debate across governance forums. Earlier this year, Aave Labs proposed a tokenization product called Horizon. The proposal included a separate token. The DAO rejected the plan after intense debate. That decision added context to current tensions. Some delegates view recent revenue changes as part of a broader pattern. Marc Zeller, founder of the Aave-Chan Initiative, voiced strong concerns. Zeller described the revenue shift as privatization. Aave Labs Responds to Growing Criticism Aave Labs pushed back against accusations. Founder Stani Kulechov emphasized long-term contributions. According to Kulechov, Aave Labs has built core protocol innovations for over eight years. Those efforts include Aave V4 development and the GHO stablecoin. Revenue from these primitives continues flowing to the DAO. The DAO also manages a token buyback program. That mechanism aims to return value to tokenholders. Supporters argue this proves alignment between Labs and the DAO. They stress that innovation requires flexibility and resources. From this view, service providers deserve room to operate. On-chain data adds another layer. Blockworks Research reported over $15 billion in net deposit inflows during Q3 2025. Network usage remains strong despite governance friction. Market reaction also stayed muted. AAVE traded near $200 for the past week. The debate now centers on trust and structure. Delegates seek clarity on revenue rights. Service providers seek autonomy for continued innovation. Both sides claim alignment with long-term protocol health. Governance discussions will likely intensify. Aave stands at a crossroads. Decisions made now could shape future DAO dynamics. Clear frameworks may help prevent similar disputes. Without resolution, tensions could deepen. Tags: Aave (AAVE) Altcoin Crypto market

What has happened this week in the world of blockchain and cryptocurrencies? The most relevant local and international events, as well as interesting background reports, are summarized concisely in this weekly review. Selected articles of the week: The Bitcoin mining industry is undergoing a radical strategic shift toward AI data centers, driven by a 35 percent collapse in hash price from 55 to 35 USD per petahash since September. Canadian miner Bitfarms announced a complete exit from Bitcoin mining by 2027 and secured GPU supply contracts worth 128 million USD. AI infrastructure generates up to 25 times higher revenue per kilowatt-hour than Bitcoin mining: Blockchain company HIVE estimates that 10 megawatts of Nvidia H100 GPUs produce the same returns as 100 megawatts of mining capacity. Core Scientific signed contracts with cloud provider CoreWeave totaling over 6.7 billion USD, while Riot Platforms reserved two-thirds of its 112 megawatt new capacity in Texas for AI applications. The transformation occurs out of strategic necessity, as profitable mining at current network difficulty levels requires Bitcoin prices above 90,000 USD. Bitcoin miners shift to AI infrastructure: the industry’s major transformation The Bitcoin mining industry is facing a fundamental transformation, as many of the leading companies are pivoting toward AI infrastructure. Read More Coinbase launches stock trading and prediction markets US crypto exchange Coinbase is expanding its offering to include commission-free stock trading and regulated prediction markets in partnership with Kalshi. CEO Brian Armstrong presented the vision of an “Everything Exchange” where users can trade all asset classes. The prediction markets function as CFTC-regulated derivatives with binary options between 0.01 and 0.99 USD, where correct predictions pay out one dollar and price formation reflects collective probability assessments. Analysts forecast growth of the total market to one trillion USD annual volume by decade’s end. Competitor Robinhood already generates over 100 million USD in annualized revenue from prediction markets with more than one million active users. The expansion positions Coinbase in direct competition with established fintech providers and signals the increasing convergence between crypto exchanges and traditional financial service providers. Crypto exchange Coinbase expands into stock trading and prediction markets The US crypto exchange Coinbase is integrating prediction markets through a partnership with Kalshi and enabling commission-free stock trading. Read More Trading firm Jump Trading faces 4 billion USD damages claim The bankruptcy administrator of Terraform Labs is demanding 4 billion USD in damages from Jump Trading for alleged market manipulation and insider trading related to the Terra collapse. The lawsuit accuses the trading firm of concealing a secret agreement with Do Kwon involving heavily discounted LUNA tokens: Jump received approximately 61.4 million tokens at a price of 0.40 USD in July 2021 when the market price was around 90 USD—a 99 percent discount. The company realized profits of 1.28 billion USD from these positions. During a UST crisis in May 2021, Jump intervened with token purchases worth 20 million USD, but falsely presented this as algorithmic stabilization. The final Terra collapse in May 2022 destroyed over 40 billion USD in value, with UST crashing from one dollar to 0.02 USD. Jump Trading described the lawsuit as a “desperate attempt” to shift responsibility away from Terraform Labs. Jump Trading Faces USD 4 Billion Lawsuit Over Terra Collapse The bankruptcy trustee of Terraform Labs has filed a USD 4 billion lawsuit against the trading firm Jump Trading. Read More SEC ends Aave investigation after four years without sanctions The US Securities and Exchange Commission closed its four-year investigation into DeFi protocol Aave without recommending enforcement actions. The agency had been investigating since 2021 whether the AAVE governance token should be classified as an unregistered security. Aave manages over 40 billion USD in total value locked and controls approximately 60 percent of the DeFi lending market share across 14 blockchains. Founder Stani Kulechov described the process as resource-intensive but expressed relief at its conclusion. The decision creates an important precedent for protocols with comparable governance structures, though the SEC emphasized that non-enforcement does not constitute exoneration. The closure follows a series of recent case dismissals against Uniswap Labs and Consensys, reflecting the strategic shift under SEC Chair Paul Atkins toward structured regulation rather than aggressive enforcement. SEC closes four-year investigation into Aave without enforcement action The US Securities and Exchange Commission (SEC) has dropped its investigation into leading DeFi protocol Aave after four years. Read More PayPal applies for banking license for direct lending business In addition: Fintech giant PayPal is pursuing a Utah charter as an Industrial Loan Company (ILC) and filed applications with the FDIC and Utah financial authorities. The license would enable the company to internalize lending operations currently handled through partner banks, as well as offer FDIC-insured interest-bearing savings accounts. Since 2013, PayPal has issued over 30 billion USD in 1.4 million loans to 420,000 business accounts with exceptional Net Promoter Scores between 76 and 85 points. The ILC structure allows non-banks to provide banking services without full subjection to the Bank Holding Company Act. During the Trump administration, over 18 fintech companies applied for banking licenses, including crypto firms like Circle, Ripple, BitGo, and Paxos, which received conditional preliminary approvals for national trust banks from the Office of the Comptroller of the Currency. PayPal applies for banking license: Fintech giant aims to expand lending business PayPal has applied to the FDIC and the Utah Department of Financial Institutions to establish a Utah-chartered industrial bank. Read More Would you like to receive our weekly review conveniently in your inbox on Saturdays? Subscribe CVJ.CH Newsletter Email address: