Tag: Governance
A fresh wallet made $713K on ApeCoin hours before Yuga Labs changed CEOs – nobody was left to ask questions
A zero-history wallet accumulated $713,000 in unrealized gains on a leveraged ApeCoin position opened hours before Yuga Labs announced Michael Figge as CEO on April 24, according to on-chain analytics firm Lookonchain, which flagged the address as a “suspected insider.” The trade arrived ten months after the ApeCoin community voted to dissolve its own governance…
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Bittensor’s $900M crash came three days after Grayscale made TAO its biggest AI bet
Covenant AI’s founder dumped 37,000 TAO, called the project “decentralization theatre,” and split the community in half. Grayscale just made Bittensor its single biggest AI bet. Three days later, the project’s most prolific subnet builder called the whole thing a fraud and dumped $10 million in tokens on the open market. Bittensor’s TAO crashed 28%…
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Fewer Than 20 Wallets Control Aave, Uniswap, and MakerDAO – ECB Just Proved It
A new ECB working paper found that top-100 holders control over 80% of governance tokens across four major DeFi protocols – and one-third of the biggest voters can’t even be identified. So much for decentralization. The European Central Bank dropped a working paper on March 26 that examined governance structures inside Aave, MakerDAO, Uniswap, and…
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