According to the dYdX Foundation, an on-chain vote has been created for the dYdX community to decide on the v8.2 software upgrade. The proposal was put forth by the dYdX Operations subDAO. This governance event is significant for DYDX token holders as protocol upgrades can impact the platform's functionality and market position. The voting period concludes on July 15, 2025, at 18:55 UTC, as stated in the announcement.

According to @dydxfoundation, a report by analytics firm Artemis and Vaults.fyi reveals that the total value locked (TVL) in top DeFi lending protocols like Aave and Morpho has surged past $50 billion, marking a 60% growth over the past year. This expansion is reportedly driven by increasing institutional participation and the 'DeFi mullet' trend, where user-facing fintech applications embed DeFi infrastructure on the backend. For example, the report highlights that Coinbase's BTC-backed borrowing feature, powered by Morpho, has originated over $300 million in loans. The growth is also fueled by the tokenization of real-world assets (RWA) and the rise of on-chain asset managers, whose capital under management has quadrupled from $1 billion to over $4 billion since January.

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 @dydxfoundation, the Solana-based decentralized exchange Jupiter has officially paused all DAO votes until the end of 2025, citing a breakdown in trust and an ineffective governance structure. Jupiter executive Kash Dhanda stated the decision was made to navigate a "critical period" for DeFi, although active staking rewards for JUP will continue at the current rate. The news had minimal immediate impact on the JUP token, which was trading at 40 cents, despite being down 21.8% over the past 30 days. In separate news, Across Protocol's ACX token plunged 10% amid a spike in trading volume following accusations of DAO manipulation and insider trading. Across co-founder Hart Lambur has "categorically" denied the allegations, explaining that token grants to the development team were standard procedure and used as intended for protocol growth. At the time of the reports, Solana (SOL) was trading around $152.37, showing a slight gain.

According to @dydxfoundation, several key developments are signaling trading opportunities across the crypto market. A new proposal, EIP-7782, by core developer Barnabé Monnot could double Ethereum's speed by reducing block times from 12 to 6 seconds, potentially enhancing network efficiency and user experience. In the layer-2 space, Matter Labs announced that its new ZKsync prover, "Airbender," can generate Ethereum block proofs in just 35 seconds, which could lead to faster finality and cheaper transaction fees for use cases like high-frequency trading. For XRP holders, RippleX has released version 2.5.0 of the XRP Ledger, introducing significant upgrades like "TokenEscrow" and a "PermissionedDEX" to expand DeFi and enterprise functionality. On the stock market front, which often impacts crypto sentiment, brokerage firm Bernstein raised its price target for Coinbase (COIN) to $510, citing its role as crypto's "universal bank." Meanwhile, Jeff Park of Bitwise Asset Management noted that MicroStrategy's (MSTR) 10-day realized volatility has hit its lowest point since the company began acquiring Bitcoin (BTC), suggesting a period of price consolidation.

According to @dydxfoundation, the crypto industry is at risk of its foundational cypherpunk values being diluted by mainstream adoption and political co-option. The author argues that actions like Coinbase sponsoring political events and the rise of corporate lobbying by firms like Ripple signify a departure from crypto's original mission to counterbalance centralized power, confusing corporate milestones with ideological validation (source: @dydxfoundation). This trend contrasts with grassroots innovation, such as MANSA using stablecoins to facilitate $92 million in payments for underserved clients in Africa (source: @dydxfoundation). From a trading perspective, the market shows resilience amidst this debate. Current data indicates Bitcoin (BTC) is trading at $108,694, up 0.36%, with a 24-hour high of $109,200. Ethereum (ETH) is priced at $2,611.92, marking a 2.53% increase, while Solana (SOL) trades at $152.37, up 1.5% (source: provided market data).

According to @dydxfoundation, major technical upgrades are underway across leading blockchains, creating new trading opportunities. A new proposal, EIP-7782, could double Ethereum's (ETH) speed by reducing its slot time to six seconds, with a potential implementation in the 2026 Glamsterdam upgrade, according to core developer Barnabé Monnot. In a significant development for interoperability, Ripple has officially launched the XRP Ledger's EVM sidechain on the mainnet, allowing developers to deploy Ethereum-based dapps using XRP as the native gas token, as stated in a Ripple blog post. The Bitcoin (BTC) ecosystem is also expanding, with the Botanix Layer-2 network going live to offer EVM compatibility and five-second block times. On the institutional front, Wall Street broker Bernstein raised its price target for Coinbase (COIN) to $510, citing its role as crypto's 'universal bank,' while Deutsche Bank is reportedly planning a crypto custody service for 2025. Regulatory developments include Norway's plan to ban new proof-of-work crypto mining and Texas becoming the first U.S. state to create a publicly-funded Bitcoin reserve.

According to dydxfoundation, decentralized finance (DeFi) protocols are increasingly soft targets for North Korean hackers who exploit operational security (OPSEC) failures rather than complex smart contract vulnerabilities. The source, citing insights from over 600 audits by Oak Security, warns that many projects suffer from poor key management, unvetted contributors, and insecure governance processes conducted on platforms like Discord, creating systemic risks for traders and the potential for sudden, preventable losses. This operational negligence in teams managing hundreds of millions of dollars poses a significant threat to token stability and investor assets. In related market-moving news, Polygon (MATIC) is undergoing a major strategic overhaul as co-founder Sandeep Nailwal takes over as CEO of the Polygon Foundation. The organization will now focus on its AggLayer cross-chain liquidity protocol and is retiring its zkEVM network, a significant pivot for the project. Separately, the Ethereum Foundation has implemented a new treasury policy, capping annual operational expenses at 15% to ensure long-term sustainability for the Ethereum (ETH) ecosystem. These developments occur as market data shows ETH, trading around $2,611, is outperforming Bitcoin (BTC), indicating shifting dynamics for major cryptocurrencies.

According to @dydxfoundation, Solana-based decentralized exchange (DEX) Jupiter is pausing all DAO votes until the end of 2025, citing a "breakdown in trust" and an ineffective governance structure. This strategic pause occurs as the JUP token has experienced a 21.8% decline over the last 30 days, with its price currently at approximately $0.40. The source confirms that while governance votes are on hold, active staking rewards (ASR) will continue at a rate of 50 million JUP per quarter. For traders seeking alpha, the analysis suggests key strategies such as implementing a dollar-cost averaging (DCA) accumulation plan for a portfolio of top assets and establishing a clear trading plan for various price scenarios for major cryptocurrencies like Ethereum (ETH), which is trading around $2,611. The report also highlights the importance of investing with the trend by analyzing adoption curves and technological advancements, noting that Bitcoin (BTC), trading near $108,694, offers a risk-to-reward ratio more than three times that of the S&P 500.

According to @dydxfoundation, the tokenization of financial assets is approaching a rapid adoption phase, moving beyond its initial success with stablecoins, which now have over $250 billion in circulating supply. The analysis highlights that the next significant growth wave will involve tokenized structured credit and private funds, with firms like Apollo and Hamilton Lane already pioneering this space. Key drivers for this trend include enhanced transparency, automated servicing via smart contracts, and improved liquidity. In parallel, significant ecosystem developments are impacting the market; Polygon (MATIC) is undergoing a major strategic overhaul with co-founder Sandeep Nailwal becoming CEO, pivoting focus to the AggLayer protocol, and retiring its zkEVM network. Furthermore, the Ethereum Foundation has established a new treasury policy capping annual operational expenses at 15% to ensure long-term sustainability for the Ethereum (ETH) ecosystem. These shifts occur as market data shows Bitcoin (BTC) and Ethereum (ETH) experiencing slight negative 24-hour price changes.

According to @dydxfoundation, the Solana ecosystem is experiencing significant developments with mixed implications for traders. Solana-based DEX Jupiter has paused all DAO votes until the end of 2025, with executive Kash Dhanda citing a "breakdown in trust" and an ineffective governance structure. This decision comes as the JUP token has declined 21.8% over the past 30 days, trading around $0.40, though the announcement did not cause immediate volatility. While active staking rewards will continue, the halt on new DAO-funded work groups will cap additional token emissions. In a bullish development for the network, Nasdaq-listed DeFi Development Corp. (DFDV) will tokenize its shares on the Solana blockchain, making them available through Kraken's upcoming xStocks platform. This move into Real-World Asset (RWA) tokenization could significantly increase utility and demand for the Solana network. Currently, SOL is trading around $149, down approximately 1.4% over the last 24 hours.

According to @dydxfoundation, the cryptocurrency market is currently dominated by stablecoins, fueling a surge in related assets. Circle (CRCL), the issuer of USDC, has seen its stock rise approximately 500% since its debut, while Coinbase (COIN) stock has reached a four-year high, benefiting from its USDC revenue stream. The source highlights that even Euro-backed stablecoins like EURC are up 44% on the year. For investors, the analysis points to digital assets offering a superior risk-reward ratio, citing Bitcoin's (BTC) performance relative to the S&P 500 as over three-to-one. Key trading strategies suggested include implementing a dollar-cost averaging accumulation plan for a portfolio of top assets and establishing a clear trading plan with predefined actions for significant price movements in assets like Ethereum (ETH), such as a drop to $1,200 or a rise to $4,000. Another bullish signal noted is the Federal Reserve's updated stance that crypto no longer carries 'reputational risks' for banks.

According to @dydxfoundation, the Nasdaq-listed firm DeFi Development Corp. (DFDV), which has a crypto treasury strategy centered on Solana (SOL), will tokenize its company shares on the Solana network. The tokenized equity will trade under the ticker DFDVx on the crypto exchange Kraken's upcoming tokenized stock platform, xStocks, as stated in a press release. DFDV's CEO, Joseph Onorati, referred to the tokenized stock as a "DeFi lego block," highlighting its potential as a foundational component for developers to build new financial applications. This move aligns with the growing trend of tokenizing real-world assets (RWA), which offers benefits like 24/7 trading and faster settlement. A report from BCG and Ripple cited in the text projects the RWA market could potentially reach $18.9 trillion by 2033, indicating significant growth potential for platforms and ecosystems like Solana that facilitate it.

According to @dydxfoundation, two separate incidents have highlighted growing concerns over DAO governance structures, impacting token prices. Across Protocol's ACX token dropped 10% following accusations on X that core contributors manipulated the DAO and front-ran a Binance listing, as stated in the source. The protocol saw a spike in trading volume with the price decline, suggesting a swift reaction from traders. Across co-founder Hart Lambur has denied these claims, calling them "categorically untrue" and explaining that the tokens were standard grants from the DAO for protocol development. In a separate development, the Solana-based DEX Jupiter announced it is pausing all DAO votes until the end of 2025. Jupiter executive Kash Dhanda cited a "breakdown in trust" and an ineffective governance structure as reasons for the pause, aiming to focus on development during a "critical period" for DeFi. The source notes that while active staking rewards (ASR) will continue, the Jupiter (JUP) token has lost 21.8% of its value over the past 30 days, trading at 40 cents with minimal immediate price reaction to the news. The broader market context shows Solana (SOL) trading at $149.16 against USDT, down 1.375% in 24 hours.

According to @dydxfoundation, the Ink Foundation is launching its INK token via an airdrop on an Aave-powered DeFi protocol, aiming to establish onchain capital markets with a liquidity-focused approach. The INK token has a hard cap of 1 billion and its governance will be separate from the layer 2 chain, a move to address concerns over token launches being used as exit liquidity, as cited in the report. However, the launch faces a challenging market where Ink's Total Value Locked (TVL) is just over $7 million, according to DefiLlama data. In parallel, DeFi Development Corp. (DFDV), a Nasdaq-listed firm with a Solana (SOL) treasury, is tokenizing its shares on the Solana network under the ticker DFDVx through Kraken's upcoming xStocks platform. This initiative taps into the growing Real-World Asset (RWA) tokenization trend, which a BCG and Ripple report estimates could become an $18.9 trillion market by 2033. These developments occur as market data shows both Solana (SOL) and Ethereum (ETH) are trading down, with SOL at approximately $149.16 (-1.37%) and ETH at $2,533.74 (-1.21%) over the past 24 hours.

According to dydxfoundation, Nasdaq-listed DeFi Development Corp. (DFDV), a company with a crypto treasury strategy focused on Solana (SOL), is set to launch its tokenized shares on the Solana network via Kraken's upcoming xStocks platform. The token, under the ticker DFDVx, is described by DFDV CEO Joseph Onorati as a "DeFi lego block" intended for integration into decentralized finance applications, according to the press release. This initiative aligns with the expanding market for Real-World Asset (RWA) tokenization, which a BCG and Ripple report projects could reach $18.9 trillion by 2033. For traders, the source suggests strategies such as dollar-cost averaging a portfolio and setting clear trading plans for key assets like Ethereum (ETH) at specific price levels, such as $1,200 or $4,000. Current market data shows SOLUSDT trading at $149.16.

According to @dydxfoundation, the Solana-based DEX Jupiter is pausing all DAO votes until the end of 2025 due to a breakdown in trust and an ineffective governance structure, as stated by executive Kash Dhanda. While active staking rewards of 50 million JUP per quarter will continue, no new DAO-funded work groups will be created. This news follows a 21.8% decline in JUP's value over the past 30 days. Separately, the TON Foundation announced a UAE Golden Visa program for Toncoin (TON) holders who stake $100,000 in TON for three years. The announcement, made by TON Foundation CEO Max Crown, caused TON's price to surge 12% and trading volume to spike over 250% above its 30-day average. Technical analysis shows the price moved from $2.75 to a peak of $3.06, with new support forming around $2.86-$2.89. The initiative has drawn skepticism from figures like Sigil Fund's Joe HedgedHog and former Binance CEO Changpeng Zhao, who questioned whether it is an official government partnership or a marketing effort by a third-party firm, highlighting the lack of a formal UAE government announcement.

According to @dydxfoundation, Nasdaq-listed DeFi Development (DFDV) is significantly increasing its capacity to purchase Solana (SOL) through two major funding initiatives. The company secured a $5 billion equity line of credit with RK Capital Management, providing flexible capital to scale its SOL holdings, as stated in a press release. This news initially pushed DFDV shares up 12%. Subsequently, the firm announced an upsized $112.5 million convertible note offering to fund more SOL acquisitions and a stock buyback program, which saw its stock price dip 12%. These moves are part of DFDV's strategy to emulate MicroStrategy's approach with Bitcoin (BTC) by building a large cryptocurrency treasury focused on Solana. As of May 16, the firm held over 609,000 SOL. The aggressive fundraising signals strong institutional interest in accumulating SOL, which is currently trading around $152 with a 24-hour gain of over 3% against USDT.

According to dydxfoundation, the Solana-based decentralized exchange (DEX) Jupiter is pausing all DAO votes until the end of 2025. Jupiter executive Kash Dhanda stated the decision was made due to the current DAO structure not working as intended, citing a "breakdown in trust" and a "perpetual FUD cycle." For traders, a key takeaway is that active staking rewards (ASR) will continue at the rate of 50 million JUP tokens per quarter, which may provide some support for the token. However, no new DAO-funded Work Groups will be formed, thus preventing additional token emissions from that channel. The announcement did not have a major immediate impact on the JUP price, which was trading around $0.40, though the token has fallen 21.8% over the past 30 days amid broader market weakness.

According to dydxfoundation, the crypto market is currently dominated by a stablecoin surge, with Circle's (CRCL) stock rising approximately 500% and total stablecoin transaction value crossing $4 trillion in June, as per data from Artemis. While Bitcoin (BTC) achieved a record monthly close above $107,000, its 2.5% gain was outpaced by the euro, as noted in the report. BTC remains in a price range due to profit-taking from long-term holders, with technical analysis showing a bearish outside day candle that signals potential for a renewed downtrend. In contrast, derivatives positioning indicates bullish sentiment for altcoins like XRP, TRX, and DOGE, which show positive perpetual funding rates. Traders should monitor upcoming major token unlocks for SUI ($122.75M), ENA ($10.59M), and APT ($52.7M), and keep an eye on macro events like the Fed Chairman's speech, as the weakening U.S. dollar continues to influence market conditions.