According to dydxfoundation, the Solana-based decentralized exchange (DEX) Jupiter is pausing all DAO votes until the end of 2025, citing a "breakdown in trust" and an inefficient governance structure. Jupiter executive Kash Dhanda stated the protocol is in a "critical period" and this pause will allow them to return in 2026 with a new approach. For traders, while active staking rewards (ASR) of 50 million JUP per quarter will continue, no new DAO-funded work groups will be created, preventing additional token emissions. The JUP token has lost 21.8% of its value over the past 30 days, trading around $0.40, though this announcement did not cause immediate significant volatility. In separate news highlighting governance risks, the crypto prediction market Polymarket is embroiled in a $160 million controversy over a disputed market outcome, with accusations of manipulation against UMA oracle validators. The underlying asset, Solana (SOL), was trading at approximately $152.37, showing a 1.688% increase over 24 hours.

According to @FoxNews, NBA legend Shaquille O’Neal has agreed to a $1.8 million settlement in the class-action lawsuit concerning his promotion of the collapsed crypto exchange FTX. This development highlights the continuing legal consequences of the FTX failure, potentially affecting crypto market sentiment. In the DeFi space, prediction market Polymarket is embroiled in a significant controversy over a $160 million bet, with the outcome being disputed by validators of the UMA oracle protocol. This incident raises critical concerns for traders about the integrity and potential for manipulation in decentralized oracles by large token holders, a fundamental risk in DeFi governance. Amidst these events, the crypto market shows minor bearish signals, with Ethereum (ETH) trading at approximately $2,544.13 and Solana (SOL) at $149.94, both experiencing slight 24-hour declines.