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 @PolynomialFi, the multi-chain liquid staking protocol Meta Pool has been exploited for $27 million due to a smart contract bug that allowed for the free minting of its mpETH token. Blockchain security firm PeckShield reported the bug, noting that while an attacker minted $27 million in mpETH, they could only exchange 10 ETH (approximately $25,000) due to low liquidity on Uniswap. The protocol's MPDAO governance token currently trades at $0.02. In separate news, the Solana-based decentralized exchange Jupiter is pausing all DAO votes until the end of 2025, citing a "breakdown in trust" and a need to focus on a critical development period for DeFi. Jupiter executive Kash Dhanda confirmed that while votes are paused, active staking rewards (ASR) will continue at 50 million JUP per quarter. The JUP token has declined 21.8% over the past 30 days and was trading at $0.40 with minimal reaction to the news.

According to @moonshot, the Solana-based decentralized exchange Jupiter has paused all DAO votes until the end of 2025, a decision executive Kash Dhanda attributed to a "breakdown in trust" and the need to capitalize on a "critical period" for DeFi's future. This news had minimal immediate impact on the JUP token, which trades around $0.40 but has declined 21.8% over the past 30 days. In the broader market, Aaron Brogan of Brogan Law highlights the significant trend of crypto companies going public, pointing to Circle's (USDC) recent IPO which raised over $1.05 billion and saw its market cap surge to $43.9 billion. Brogan theorizes Circle's success is driven by factors including a market premium for crypto-exposed stocks, regulatory clarity from the pending GENIUS Act for stablecoins, and lucrative revenue from high U.S. Treasury yields on its collateral. Meanwhile, Jean-Marie Mognetti of CoinShares notes that survey data shows nearly 90% of crypto investors plan to increase their holdings, seeking advisors who understand risk management. Current market data shows BTC trading at $105,621.76 and ETH at $2,396.79.

According to the source, the Solana-based decentralized exchange (DEX) Jupiter is pausing all DAO votes until the end of 2025 due to a 'breakdown in trust' and a 'perpetual FUD cycle' that hinders progress. Jupiter executive Kash Dhanda stated the current DAO structure is not working as intended during a 'critical period' for defining the future of DeFi. For traders, this means active staking rewards (ASR) will continue at a rate of 50 million JUP per quarter, but no new DAO-funded work groups will be created, thus preventing additional token emissions from that source. This governance overhaul comes as the JUP token has fallen 21.8% over the past 30 days, although the news did not cause significant immediate price movement, with JUP trading around $0.40.