# Сопутствующие статьи по теме Governance

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Governance", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Behind the $TAO Crash: The Bittensor Internal Strife and the 'Impossible Trinity' of DeAI

The decentralized AI (DeAI) sector is facing a major crisis following a public conflict within Bittensor ($TAO), a leading DeAI project. Covenant AI, one of its top development teams, which recently successfully trained a 72-billion-parameter large language model, announced its exit from the Bittensor network. The team accused founder Jacob Steeves of having "absolute and dictatorial" control over the network, alleging he arbitrarily cut off token rewards to their subnet without transparent governance. This triggered a panic sell-off, causing $TAO’s price to drop 15-25% in a single day and wiping out hundreds of millions in market value. The incident has raised serious questions about the viability of decentralized AI, highlighting a fundamental tension—referred to as DeAI’s "impossible trilemma"—between model quality and scale, credible neutrality of decentralization, and Sybil-resistant incentive alignment. Covenant’s departure exposed the centralized reality beneath Bittensor’s decentralized facade: although the network relies on a Yuma consensus mechanism for reward distribution, key validator nodes are controlled by early investors and the founder, allowing unilateral intervention. The event underscores systemic governance risks that may deter high-quality developers and institutional participants, threatening the entire DeAI narrative centered around trustless, incentive-driven AI development.

marsbit04/15 08:59

Behind the $TAO Crash: The Bittensor Internal Strife and the 'Impossible Trinity' of DeAI

marsbit04/15 08:59

Data: 90% of Crypto Protocols Generate Revenue, But Less Than 1% Disclose Market Maker Terms

Survey of 150 major crypto protocols reveals that while 91% generate on-chain revenue, only 8% publish investor reports, and less than 1% disclose market maker agreements. The data indicates a significant communication gap rather than a lack of available information, as third-party platforms cover 72% of protocols. DeFi protocols, particularly DEXs and lending platforms, lead in transparency, while L1 and infrastructure projects lag despite larger market capitalizations. Only 13 protocols have adopted the Token Transparency Framework since its introduction in June 2025. Additionally, 38% of protocols feature active value accumulation mechanisms, which correlate with approximately 19% higher annual returns compared to governance-only tokens. The findings highlight a structural disconnect between institutional investor expectations and current disclosure practices in the crypto industry.

marsbit04/15 06:55

Data: 90% of Crypto Protocols Generate Revenue, But Less Than 1% Disclose Market Maker Terms

marsbit04/15 06:55

Farewell to the Era of Founders, Neo Embarks on a True Restructuring

Neo, a public blockchain launched in 2014, is undergoing a major governance restructuring to resolve long-standing structural issues, including founder conflicts, opaque finances, and centralized control. A new proposal by co-founder Da Hongfei aims to fundamentally reform the Neo Foundation by decentralizing decision-making and asset control. Key reforms include establishing a unified on-chain and off-chain governance framework, introducing a staking-based voting mechanism with a 180-day lockup to discourage speculation, enabling fractional NEO tokens for broader participation, and redistributing a significant portion of the foundation’s assets—approximately 26 million NEO and 40 million GAS—back to the community through a "Giveback II" program. The foundation will relocate to the Cayman Islands under a new legal structure with a five-member board and an independent supervisor, explicitly barring founders from holding board seats for the first two years. This overhaul seeks to transition Neo’s governance from founder-dependent to community-driven, enhancing transparency, accountability, and long-term sustainability. If successful, it could set a precedent for other mature crypto projects facing similar governance challenges.

marsbit04/14 07:24

Farewell to the Era of Founders, Neo Embarks on a True Restructuring

marsbit04/14 07:24

Brother Sun "Rights Protection" Stands Up Against the Trump Family, WLFI Is the Real Scythe in the Crypto Circle

The article details the controversy surrounding World Liberty Financial (WLFI), a cryptocurrency project linked to the Trump family. It reports that WLFI allegedly used the DeFi lending protocol Dolomite, whose co-founder is also a WLFI advisor, as a disguised channel to sell tokens by collateralizing around 5 billion WLFI tokens to borrow approximately $75 million in stablecoins. Despite WLFI's claims that the loans were for ecosystem development and posed no liquidation risk, critics argue it was a way for insiders to cash out, shifting risk to retail investors. The piece highlights WLFI's significant price decline—over 66% since its September 2025 launch—and suggests the Trump family and insiders are the main source of selling pressure, as they control nearly 74% of the token supply. It also revisits WLFI’s prior move to blacklist 272 addresses, including those of investor Justin Sun, under the pretext of preventing large-scale sell-offs, which now appears to be an effort to reduce competition for their own sales. Sun publicly accused WLFI of exploiting users, freezing assets, and treating the crypto community as a "personal ATM." WLFI countered by threatening legal action. The author notes that while Sun’s criticism may gain sympathy, a legal battle in the U.S. against the well-connected Trump family would be risky for him. Finally, the article concludes that WLFI exemplifies how powerful elites can exploit crypto’s regulatory gray areas for profit, and urges the community to reject such projects driven more by political privilege than genuine decentralized finance ideals.

Odaily星球日报04/13 12:17

Brother Sun "Rights Protection" Stands Up Against the Trump Family, WLFI Is the Real Scythe in the Crypto Circle

Odaily星球日报04/13 12:17

In-Depth Reconstruction of the $285 Million Drift Hack: How Should DeFi Governance Move Beyond "Amateur Hour"?

On April 1, 2026, Drift Protocol, the largest perpetual futures DEX on Solana, suffered a catastrophic hack resulting in a loss of $285 million. The attack, attributed to a sophisticated social engineering campaign rather than a technical exploit, unfolded over several months. Hackers first infiltrated Drift’s internal circles by posing as a legitimate market maker, building trust over time. They then exploited Solana’s "Durable Nonce" feature to trick core team members into blindly signing transactions that granted administrative control. A critical vulnerability was introduced when Drift migrated to a 2/5 multisig structure without a timelock, allowing instant execution of privileged transactions with just two signatures. The attackers finally triggered the attack by adding a fake token (CVT) to the whitelist, manipulating its oracle price, and using it as collateral to drain the protocol’s treasury. The incident highlights fundamental flaws in DeFi governance, including overreliance on multisig mechanisms that lack intent verification and are vulnerable to social engineering. It underscores the misalignment between retail-grade security tools and institutional-scale treasury management. The hack signals the need for a security paradigm shift in DeFi, including adoption of Hardware Security Modules (HSMs) for key management, intent-based policy engines for transaction validation, and professional third-party custody solutions to ensure institutional-grade safety.

marsbit04/13 12:00

In-Depth Reconstruction of the $285 Million Drift Hack: How Should DeFi Governance Move Beyond "Amateur Hour"?

marsbit04/13 12:00

GenZVerse Unveils a Utility-First Web3 Platform That Prioritises Real Impact Over Speculation

GenZVerse introduces a utility-first Web3 platform built on Polygon’s Layer 2 blockchain, designed to prioritize tangible value over speculation. The platform integrates its native token into four core utility domains: governance voting, access to services, community rewards, and staking incentives—each tied to verifiable user actions rather than market speculation. It features fully open-source code, auditable smart contracts, and a transparent DAO structure to ensure accountability. The five-year roadmap focuses on phased development toward full decentralization by 2029, aiming to support millions of users with sustainable, community-driven growth.

TheNewsCrypto04/13 11:22

GenZVerse Unveils a Utility-First Web3 Platform That Prioritises Real Impact Over Speculation

TheNewsCrypto04/13 11:22

Ethereum Leads The Tokenization Race With Billions In Assets

Ethereum is leading the tokenization of real-world assets, hosting over $22.5 billion in tokenized treasury products—nearly 72% of the total market share. Major institutions like JPMorgan Chase, BlackRock, and Franklin Templeton are using Ethereum for institutional-grade products such as tokenized bonds and funds. The network is becoming the preferred infrastructure for autonomous agents and DeFi due to its predictable yields, deep liquidity, and reduced smart contract vulnerabilities. Additionally, firms like Broadridge and Galaxy Digital are advancing on-chain governance and institutional participation, signaling a shift toward a new financial layer built by established Wall Street entities rather than crypto-native startups.

bitcoinist04/12 14:01

Ethereum Leads The Tokenization Race With Billions In Assets

bitcoinist04/12 14:01

Valuation of $852 Billion, CEO Holds Zero Shares, Shareholders in a Power Struggle: Who Controls OpenAI?

OpenAI, valued at $852 billion after a $122 billion funding round, is navigating immense opportunities and challenges. CEO Sam Altman holds zero equity, earning a minimal salary, which has raised governance concerns, notably during his brief 2023 ouster. Major investors include Microsoft (26.79%), OpenAI Foundation (25.8%), SoftBank (11.66%), Amazon (4.66%), and NVIDIA (3.47%). Their investments are often strategic, aimed at securing AI infrastructure advantages rather than purely financial returns. The company recently transitioned from a non-profit to a for-profit structure, with the OpenAI Foundation retaining significant control. However, oversight concerns persist as board members overlap between the two entities. Internally, tensions exist between Altman, who pushes for a potential IPO as early as Q4 2025, and the CFO, who cautions against rushing due to operational and financial risks. Financially, OpenAI reports $20 billion in monthly revenue (annualized $250 billion) but expects $140 billion in losses this year and $600 billion in compute investments over five years. Its high valuation—34x sales—reflects a bet on achieving AGI, as competition with rivals like Anthropic intensifies. The funding landscape highlights a divide: U.S. tech giants invest via corporate strategic deals, while Chinese AI firms rely on traditional VC funding, creating a significant capital gap. The ultimate question remains whether OpenAI’s vision justifies its historic valuation.

marsbit04/12 01:03

Valuation of $852 Billion, CEO Holds Zero Shares, Shareholders in a Power Struggle: Who Controls OpenAI?

marsbit04/12 01:03

Presale Data Shows Ozak AI Raising Capital at Nearly 4× the Speed of Comparable AI Crypto Projects

Ozak AI ($OZ) is rapidly gaining traction in the AI crypto presale market, raising capital at nearly four times the speed of comparable projects. Currently in Phase 7 of its presale, the token is priced at $0.014, with over $6.6 million raised from the sale of more than 1.16 billion tokens. The project combines AI-driven predictive analytics with decentralized infrastructure (DePIN) and cross-chain functionality, emphasizing real-world utility over speculative hype. Key partnerships with firms like SINT, Hive Intel, Weblume, and Meganet enhance its ecosystem by integrating AI tools, data analytics, and scalable infrastructure. The $OZ token supports staking, governance, and platform incentives, with audited contracts ensuring security. Ozak AI’s measured presale structure and development milestones indicate strong investor confidence and long-term growth potential.

TheNewsCrypto04/10 13:13

Presale Data Shows Ozak AI Raising Capital at Nearly 4× the Speed of Comparable AI Crypto Projects

TheNewsCrypto04/10 13:13

Aave Mired in a Crisis of Confidence: Service Providers Exit En Masse, Failures in Technology, Governance, and Risk Control

Aave, a leading DeFi lending protocol, is facing a severe internal crisis marked by the departure of key service providers, raising concerns about its governance, security, and future direction. The crisis began when Chaos Labs, the protocol's long-time risk management provider, terminated its relationship with Aave. The firm cited financial losses, the exit of other major contributors, and fundamental disagreements over the risk architecture of the upcoming Aave V4. Aave Labs declined Chaos Labs' demands for a significant fee increase and exclusive control over key functions like risk management and oracle services. This exit followed the departure of two other critical partners. BGD Labs, the primary technical contributor to Aave V3, accused Aave Labs of forcing an aggressive transition to V4 by limiting V3 development and devaluing its work. Subsequently, the Aave Chan Initiative (ACI), a major governance service provider, announced its planned exit, criticizing Aave Labs for centralizing power and controlling a large portion of voting tokens. The conflict highlights a central paradox within DAOs: the tension between founder-led vision and decentralized governance, and between long-term protocol health and short-term capital interests. Aave Labs is pushing for a more integrated and efficient "Aave Will Win" model with V4, arguing it is necessary for competing at an institutional level. However, critics warn this centralization comes at the cost of the protocol's decentralized credibility and increases systemic risk. The immediate impacts include a potential security downgrade, a loss of institutional knowledge, and damaged community trust. While Aave Labs views this as a painful but necessary transition, the market is watching cautiously as the protocol navigates this period of significant internal turmoil.

marsbit04/10 10:14

Aave Mired in a Crisis of Confidence: Service Providers Exit En Masse, Failures in Technology, Governance, and Risk Control