governance

According to The Block, Cardano founder Charles Hoskinson stated that quantum computing could pose a significant challenge to Bitcoin's governance capabilities. If the Bitcoin network cannot coordinate the necessary upgrades, BTC may lose its status as the largest cryptocurrency asset globally.Hoskinson mentioned that the problem with Bitcoin is that it is "frozen in time," making any changes very difficult. He believes that the early disappointment with Bitcoin's lack of flexibility was one of the reasons that led to the birth of Ethereum.

According to official news, the ENS DAO has approved the proposal to activate a new security committee, with a term of two years. The committee consists of eight members and has veto power, allowing it to cancel proposals during the waiting period after malicious proposals are passed but before execution. The committee's authority is limited to canceling transactions within the time lock and cannot access treasury funds, submit proposals, or rewrite approved proposals.The committee can only exercise its power under emergency conditions specified in its charter. ENS points out that governance itself may become an attack surface—voting rights can be borrowed to initiate attacks, proposal codes can hide malicious behavior, and credential leaks can be used to push harmful transactions. The new committee adopts a 5-of-8 multi-signature, requiring at least five members' agreement to cancel a proposal, and must seek DAO voting for extension after the two-year term.

According to Yu Jin monitoring, the hacker who emptied the Bonk treasury of 4.426 trillion BONK through a governance proposal has completed the liquidation, and the last 400 billion BONK (1.17 million USD) has also been deposited into Coinbase.As of now, all 4.426 trillion BONK that he extracted from the Bonk treasury 13 days ago has been transferred to CEX. Due to his selling over the past few days, the price of BONK has dropped by 40%. When he first obtained these BONK, they were worth 21.2 million USD, and after selling while the price was falling, the total cash amount should be around 13.58 million USD.

On July 18, 2026, at 21:44:51 UTC, Cardano activated the Van Rossem hard fork, upgrading the network to protocol version 11, with no reported downtime. This upgrade is part of the changes within the Conway ledger era, aimed at reducing the operating costs of Plutus smart contracts, enhancing ledger security, and introducing new cryptographic tools.Van Rossem includes 5 Cardano Improvement Proposals, involving BLS12-381 multi-scalar multiplication, on-chain array types, optimization of multi-asset value processing, acceleration of list operations, and built-in modular exponentiation. Staking pools are now prohibited from reusing the same verifiable random function key across the entire network; each pool must hold a unique key bound to its identity.This upgrade was completed through the Cardano on-chain governance process, with the proposal to activation advanced by on-chain voting. Delegated representatives passed the proposal with a support rate of 77.63%, while the support rate among staking pool operators was 52.7%, and the constitutional committee's voting result was 6-0-0-1. Wallets holding between 100,000 and 100 million ADA saw their total balance rise to the highest level since 2023, currently controlling over a quarter of the circulating supply of ADA. Cardano will subsequently advance Ouroboros Leios and plans to achieve a target of over 1,000 transactions per second during the testing period in 2026.

According to on-chain analyst Yu Jin's monitoring, a relevant address that previously transferred $21.2 million worth of BONK from the Bonk treasury through a governance proposal transferred 1.186 trillion BONK (approximately $4.11 million) to Binance yesterday and today transferred another 400 billion BONK to Coinbase, worth about $1.28 million.Data shows that of the 4.426 trillion BONK transferred from the Bonk treasury through the governance proposal, 1.626 trillion BONK (approximately $5.58 million) has already been transferred to centralized exchanges. Additionally, in the 11 days since this address transferred assets from the Bonk treasury, the price of BONK has dropped by about 36%, from $0.0000047 to $0.000003.

Uniswap founder Hayden posted on the X platform that Uniswap has just submitted two governance proposals for final on-chain voting, including enabling v2 and v3 protocol fees on the Robinhood Chain, as well as enabling v4 protocol fees on Ethereum, Base, Arbitrum, Robinhood, BNB, Polygon, and Optimism. The remaining third proposal related to v4 chain is about to be submitted.Both proposals will direct all new protocol fees into the existing UNI burn mechanism. Based on the current trading volume, especially the trading volume related to Robinhood, the impact on UNI burn is expected to be significant.

According to on-chain analyst Yu Jin's monitoring, a certain address transferred 1.186 trillion BONK to Binance 3 hours ago, worth 4.11 million USD. This address spent 4.4 million USD to buy BONK tokens that reached the governance voting threshold 10 days ago, then initiated and passed a governance proposal to transfer 4.426 trillion BONK from the Bonk treasury, worth 21.2 million USD.On the same day, the address transferred 40 billion BONK to OKX, worth 190,000 USD, and today transferred another 1.186 trillion BONK to Binance, currently still holding 3.2 trillion BONK, worth 10.98 million USD. The price of BONK has dropped 28% in 10 days, from 0.0000047 USD to 0.0000034 USD.

According to BlockSec Phalcon monitoring, the BarnBridge SMART Yield (cUSDC) protocol was attacked on Ethereum, resulting in a loss of approximately $776,000, suspected to be a governance attack.The attacker first gained DAO governance rights, then upgraded the SmartYield/controller proxy to a malicious implementation contract, which subsequently called the _takeUnderlying privileged function of CompoundProvider, using the pre-existing USDC authorizations of 50 user accounts to transfer aggregated funds to the attacker through transferFees.

Uniswap founder Hayden posted on the X platform, stating that many people have not noticed that the Uniswap protocol fees have been activated and UNI has been burned. He continues to receive replies believing that the protocol fees have not been activated.Currently, there are 3 governance proposals being voted on: 1) Robinhood Chain fees (v2/v3); 2) v4 fees; 3) fee bridge cleanup on xlayer, ava, megaeth, sonium.

On-chain security officer Specter stated that after a preliminary investigation into the BONK DAO governance attack incident, there are noteworthy on-chain associations: the founder of Realms and Crypto Notte were both found to have on-chain fund exposure linked to suspected attacker addresses.Specter pointed out that the attacker created a malicious governance proposal through a certain address on June 30, 2026, which required support equivalent to 1% of the circulating supply of BONK in voting rights to pass. Subsequently, between July 4 and 5, the attacker acquired the necessary voting rights through purchases on exchanges and by obtaining loans via marginfi, with the loan amounting to approximately 4 million dollars.

On-chain security agency Specter released preliminary investigation results on the BONK DAO governance attack. After tracing the on-chain fund flow, important suspicions were discovered: the founder of Realms, addresses related to Crypto Notte, and the suspected attacker’s wallet showed traces of fund transactions.According to the review, the attacker released a malicious governance proposal on June 30, with a proposal approval threshold of 1% of the total circulating supply of BONK voting rights. From July 4 to 5, the attacker acquired sufficient voting weight of approximately 4 million USD through purchasing coins on exchanges and borrowing from Marginfi, facilitating the proposal's implementation and completing the governance attack.

ENS co-founder Alex Van de Sande proposed a formal draft on Monday, suggesting to delegate 5 million ENS tokens from the ENS DAO's idle community treasury to individual participants to break the current concentration of governance power. Van de Sande pointed out in the proposal that currently, a representative with a sufficient quorum can not only execute any proposal but can also veto the votes of the next 50 representatives, implicitly referring to co-founder Nick Johnson. The tokens come from the unclaimed community treasury shares from the original ENS airdrop five years ago, and participants do not own or cannot sell these tokens. Van de Sande also proposed to add another 5 million tokens for delegation next year, trigger the revocation of delegation after six months of inactivity, and automatically terminate the overall arrangement after two years.This proposal comes at a time when the governance dispute within ENS DAO is escalating: Johnson previously delegated his ENS tokens (approximately 50% of the total delegated amount) to support a proposal to transfer the DAO's operational wallet to the ENS Foundation, and then used his voting power to block the renewal of the security committee, drawing criticism from several community members, with the original The DAO code author Christoph Jentzsch even suggesting to directly dissolve the ENS DAO.

BonkDAO disclosed on platform X that it suffered a malicious governance proposal attack, resulting in approximately 20 million dollars worth of BONK tokens being stolen from the BonkDAO treasury.BonkDAO stated that during the investigation, the attacker was identified using an exchange wallet to purchase BONK before the proposal was initiated, and they are currently collaborating with exchanges, cross-chain bridges, and the Solana Foundation. Additionally, the team has notified law enforcement and continues to work with relevant parties to recover funds and trace the responsible individuals.

After Marc Zeller, the founder of the Aave-Chan Initiative (ACI) and a contributor to Aave's ecosystem governance, announced the end of the ACI project, community users inquired whether he still held AAVE tokens or had sold them. In response, Marc Zeller stated that he had liquidated his AAVE holdings when he resigned from Chaos Labs (he may still hold a very small amount of "dust-level" tokens).Previously, Marc Zeller announced that the governance work of ACI, which lasted for more than three years, had concluded, and a new project is expected to be announced soon. During his participation in governance, the Aave protocol transformed from an annual deficit of about $35 million to an annual revenue of approximately $150 million, while the AAVE token increased about ninefold during the same period.

The Solana Foundation announced the official launch of the on-chain governance mechanism Solana Governance Proposals (SGP). Validators can now submit, support, and decide on core protocol decisions through SGP. All proposals are conducted on-chain, using a voting mechanism based on staking weight, and verified through Merkle proofs. Any validator that has at least 100,000 SOL delegated can initiate an SGP. Unlike the Solana Improvement Documents (SIMD), which focus on technical and protocol changes, SGP is primarily used to express governance opinions within the ecosystem. Proposals must receive at least 15% support from the total staked network before entering the formal voting phase.

The recent voting results of the ENS DAO, which governs the Ethereum Name Service, have sparked controversy within the community, as some members pointed out.In the latest on-chain vote, ENS founder Nick Johnson cast approximately 3.26 million votes against the proposal to extend the security committee's term for two years. This proposal had previously passed a Snapshot community vote, but the on-chain execution proposal did not receive support.As the controversy escalated, some community members expressed concerns about the degree of decentralization in the ENS DAO governance mechanism. However, there are also viewpoints suggesting that this incident reflects more on the distribution structure of governance tokens rather than a failure of the protocol itself.

Ethlabs published a response on platform X regarding its nonprofit positioning and funding situation, stating that the choice to operate under a nonprofit structure is to focus on the long-term development needs of Ethereum as a "public good" and to maintain the organization's independence and neutrality in research and development.In terms of governance structure, Ethlabs pointed out that its funding comes from large ETH holders and Ethereum ecosystem builders, whose interests are highly aligned with the long-term success of Ethereum, but they will not gain any governance control or participate in roadmap formulation or project prioritization decisions. Ethlabs emphasized that this arrangement is intentionally designed to avoid external funding influencing core directions.At the same time, Ethlabs stated that the future continuous financing mechanism itself is also a form of "accountability mechanism," meaning that only by continuously creating real value for the Ethereum ecosystem can they obtain subsequent funding support, thus forming a long-term feedback loop.Regarding funding, Ethlabs revealed that it is currently in the final stages of financing and has not disclosed specific amounts, but the committed funds already obtained are expected to support an operational cycle of 2 to 3 years and cover the recruitment needs for top talent. Ethlabs emphasized its positioning as a long-term project, not a one-time funding plan.

The trading platform Gate's full-link large model management platform Gate.AI has recently completed an upgrade, launching a one-stop large model routing service for enterprises and developers. The platform is now connected to over 200 mainstream large models worldwide, supporting the two major protocols of OpenAI and Anthropic. Enterprises can access different model resources through a single API, achieving unified access and management, thereby reducing development, operation, and migration costs.Combining intelligent routing and comprehensive enterprise governance, Gate.AI achieves optimal matching of heterogeneous models and high business availability through intelligent routing and an automatic fallback mechanism. In terms of governance and security, the platform has built a multi-level unified management system that includes organizational structure, role permission control, members, and API keys, reinforcing privacy protection with zero data retention (ZDR) and data processing agreements (DPA). Additionally, through refined cost governance measures such as shared quota pools, it helps enterprises achieve efficient, standardized, and transparent operation of AI resources.As an important part of Gate's Intelligent Web3 strategy, Gate.AI is continuously improving the construction of an open AI platform, further promoting the large-scale application of AI in practical business scenarios by connecting global model resources and enterprise-level governance systems. In the future, Gate will continue to deepen its efforts in model access, intelligent routing, enterprise governance, and application innovation, creating a full-link open AI ecosystem to provide long-term support for the intelligent upgrade of global enterprises.

According to the official Lido blog, Lido DAO has revoked the "official" bridge endpoints for wstETH on nine networks: zkSync Era, Mode, Scroll, Mantle, Swell, Zircuit, Soneium, Polygon PoS, and Lisk, through a Snapshot vote.This move is a resource adjustment at the governance level and does not affect the technical operation of the related bridges and contracts. Users can still hold, transfer, or bridge back wstETH on the aforementioned networks to Ethereum. Lido will stop security monitoring, ecosystem, and market support for these networks, but no migration deadline will be set.