AAVE Soars 21% on Major Proposal

CRYPTO
AAVE Soars 21% on Major Proposal

AAVE tokens jumped 21% in the past 24 hours after Aave DAO unveiled a major proposal aimed at increasing value for token holders. The Aavenomics update, described as the most important proposal in Aave’s history, includes profit sharing, token buybacks, and a new self-protection system.

The plan introduces Anti-GHO, a non-tradable token that can be used to wipe out GHO debt or earn staking rewards. Half of GHO’s $12 million annual revenue will fund this initiative. Additionally, Aave plans a $1 million weekly buyback program to support AAVE’s price and reward stakers.

A key technical update is "Umbrella," a self-protection system designed to shield users from losses in extreme market downturns.

Aave’s treasury has grown 115% to $115 million since mid-2024, and its GHO stablecoin now holds a $200 million supply. Community feedback is open, with a formal on-chain proposal expected in the coming weeks.

TECH
TikTok U.S. Sale Heats Up

Alexis Ohanian, cofounder of Reddit, announced Tuesday that he is joining a group of investors seeking to acquire TikTok’s U.S. operations.

“I’m officially now one of the people trying to buy TikTok U.S.—and bring it on-chain,” Ohanian wrote on X, referencing blockchain integration.

Ohanian is the latest investor to join the People’s Bid for TikTok, a consortium led by Project Liberty, a nonprofit backed by businessman Frank McCourt, former owner of the Los Angeles Dodgers. The group also includes Kevin O’Leary of Shark Tank.

Project Liberty aims to put TikTok on DSNP, a decentralized social networking protocol that allows users to own their data, unlike traditional platforms like Facebook.

Other bidders include a group represented by YouTuber MrBeast, as TikTok’s U.S. operations could fetch up to $50 billion. President Donald Trump extended the sale deadline, giving investors 90 days to finalize a deal.

TECH
Cathie Wood Backs Tesla’s Future

Ark Invest CEO Cathie Wood remains bullish on Elon Musk and Tesla, despite recent struggles in tech stocks and Tesla’s 28% drop in 2025. Speaking at Bloomberg’s Odd Lots podcast, Wood reiterated that autonomous vehicles will transform Tesla’s margins, pushing them from 16% to 70-90%—on par with software companies.

Tesla remains Ark Innovation ETF’s (ARKK) largest holding at 11%, but the fund has underperformed the S&P 500 over the past five years, gaining just 2% compared to the S&P’s near doubling.

Wood also backs Musk’s private ventures—including SpaceX, X (formerly Twitter), and AI startup xAI—through ARK Venture Fund. She dismissed concerns over his involvement in the Trump administration, calling Musk an innovator surrounded by top engineers.

With robotaxis representing an $8-$10 trillion market, Ark has a $2,600 price target on Tesla by 2029, envisioning the company as a dominant force beyond EVs.

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