Aave founder and CEO Stani Kulechov stated that decentralized autonomous organizations (DAOs) are not nearing their end, but must undergo structural evolution to improve decision-making efficiency and support the long-term development of protocols. Kulechov published a lengthy article on the X platform on Tuesday, summarizing his views on DAO governance models in light of recent Aave governance controversies. Previously, internal governance conflicts within the Aave DAO led to the temporary withdrawal of core contributing teams BGD Labs and ACI from protocol-related work, sparking widespread community discussion. Kulechov pointed out that current DAO governance models are often too slow, requiring weeks of forum discussions, temperature checks, and multiple rounds of formal voting, making it difficult for protocols to keep pace with market trends in decision-making and product iteration. Furthermore, DAO governance is prone to politicization, with participants potentially forming alliances and relying on influential opinions to drive proposals. He stated, "Many crypto project founders think this way, but rarely say it publicly—running a DAO the way we do it now is extremely difficult, and this difficulty isn't a technical challenge, but rather a daily struggle with the organizational structure itself." Nevertheless, Kulechov emphasized that DAOs still have significant value, but require optimization in governance structures and execution mechanisms to maintain decentralization while achieving more efficient execution capabilities, thereby helping Aave continue its expansion in the multi-trillion-dollar global lending market.

Analyst data shows that by the end of 2025, Goldman Sachs had become one of the largest holders of XRP spot ETFs. Meanwhile, a large number of undisclosed investors exist in the market, referred to by analysts as XRP's "super fans." Bloomberg analyst James Seyffart stated that only a small fraction of XRP ETF investors are currently visible through regulatory filings, as the vast majority are not required to submit 13F disclosures. Data shows that by the end of 2025, the top 30 XRP spot ETF holders collectively held approximately $211 million in fund units. Overall, these ETF products have attracted over $1 billion in inflows by the end of 2025. Another Bloomberg analyst, Eric Balchunas, believes that these funds likely come primarily from XRP's core supporters (super fans), rather than ordinary retail investors.

According to CME's "FedWatch": the probability of the Federal Reserve cutting interest rates by 25 basis points by March is 0.6%, and the probability of keeping rates unchanged is 99.4%. The probability of the Fed cutting rates by a cumulative 25 basis points by April is 13.9%, the probability of keeping rates unchanged is 86.1%, and the probability of a cumulative 50 basis point cut is 0.1%. The probability of a cumulative 25 basis point cut by June is 37.5%.

According to foreign media reports citing sources familiar with the matter, Cliffwater, an alternative investment advisory and fund management company, may receive redemption requests exceeding 7%. Cliffwater's loan fund manages approximately $33 billion in assets and is a time-lapse fund. Sources indicate that the company has not yet decided whether to impose limits on redemptions reaching 5% or 7%. The fund's redemption window closes on Tuesday. Cliffwater is the latest private lending firm to face investor withdrawals. The $1.8 trillion industry is seeing investors withdrawing funds due to concerns about loan quality and exposure to software companies potentially impacted by artificial intelligence. The recent forced restrictions on redemptions by Blackstone and BlackRock have highlighted a liquidity crisis in the UK and US private lending markets.

US President Trump: I am pleased to report that in the past few hours we have hit and completely destroyed 10 idle mine-laying vessels and/or ships, with more to follow.

The CME's "FedWatch" tool indicates a 99.4% probability that the Federal Reserve will keep interest rates unchanged until March. According to ChainCatcher, there is a 0.6% chance of a 25 basis point rate cut by then. By April, the likelihood of maintaining the current rates drops to 86.1%, with a 13.9% chance of a cumulative 25 basis point cut and a 0.1% chance of a 50 basis point cut. By June, the probability of a cumulative 25 basis point cut increases to 37.5%.

US President Trump stated, "If Iran has laid any mines in the Strait of Hormuz—although we have not received any reports of this at the moment—we demand their immediate removal! If, for any reason, Iran has indeed laid mines and they are not immediately removed, Iran will face unprecedented military consequences. On the other hand, if they remove any mines that may have been laid, it will be a big step in the right direction."

The Atlanta Federal Reserve is conducting a nationwide search for a successor to former President Raphael Bostic. According to Jin10, Gregory Hale, Chairman of the Atlanta Fed Board, stated that the search will not be limited to the southeastern region where the bank is located. Candidates must be willing and able to collaborate with local communities and businesses. Application materials are still being collected, with interviews expected to begin in approximately 30 days. Previously, U.S. Treasury Secretary Besent suggested in early December that future regional Fed presidents should reside in their district for at least three years, or their appointment could be vetoed. Hale noted that no restrictions have been imposed on the Atlanta Fed's hiring process so far. Although the regional Fed board appoints the president, the appointment requires approval from the Federal Reserve Board of Governors.

White House Press Secretary Janet Levitt said Tuesday that President Trump “does not rule out” any options in a war with Iran, including deploying U.S. troops there. “As for the deployment of ground troops, the president has spoken about it many times. As Commander-in-Chief, he has wisely not ruled out any options. So, I reiterate that I am cautious about any of the president’s ideas that Democrats on Capitol Hill are currently saying,” Levitt said. She appeared to be referring to comments made earlier today on Capitol Hill by Democratic senators including Richard Blumenthal. Blumenthal, after being briefed on Iran, said, “It appears we are on a path of deploying U.S. ground troops to Iran to achieve any potential objectives.”

According to CNN, citing two sources familiar with US intelligence, Iran has begun laying mines in the Strait of Hormuz. The current scale is small, with only a few dozen mines laid recently. One source stated that Iran retains 80% to 90% of its small boats and mine-laying vessels, making it entirely possible for its forces to lay hundreds of mines in the waterway. A CBS News reporter, citing sources, reported that Iran is using small boats in the Hormuz waterway, each carrying two to three mines. While the exact number of mines Iran possesses has not been publicly disclosed, estimates over the years suggest between 2,000 and 6,000 mines.

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