Stani Kulechov, founder of the crypto lending protocol Aave, has clarified that his recent purchase of $15 million worth of AAVE was not intended to expand his governance influence. He explained that ...

Stani Kulechov, founder of the crypto lending protocol Aave, has clarified that his recent purchase of $15 million worth of AAVE was not intended to expand his governance influence. He explained that while the purchase is factual, he did not use the tokens in governance voting. The clarification follows a controversy that arose after a proposal for the Aave DAO to absorb Aave Labs, the protocol's developer, was rejected. Kulechov's large token acquisition at the time had sparked concerns about his potential to unduly influence the protocol.

Aave founder says $15M token purchase was not for governance influence

Over the past six months, I've gone from being an observer of Web3 to entering the payment industry. Now, I've chosen to stop and cease working on Web3 payments.

This isn't a retreat after a failure, but rather a judgment and adjustment made after truly getting involved. In these past six months, I've traveled to Yiwu, Shuibei, Putian, and even Mexico, seeing how payments are actually implemented in the most prominent places mentioned in reports. I've also been involved, building a Web3 payment MVP, taking over accounts, developing Web3 payment tools, and trying to run my imagined path from the first step to the last.

But the further I went…

An entrepreneur's account: From beginning to end, why I stopped developing Web3 payments.

Key Highlights:
Chrome extension of the Trust Wallet was breached today, December 26, 2025, which drained $7 million from the users.
Only browser extension had been affected.
ZachXBT has also flagged ...

Trust Wallet Hack: $7M Drained, Scammer Exposed by ZachXBT

Cardano price remains in a deep bear market, continuing a sell-off that started in December last year when it peaked at $1.3245. It was trading at $0.3565, down by ~73% from its December peak, and its...