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Aave Labs has published an updated version of its “Aave Will Win” ARFC after incorporating community feedback. The framework would direct 100% of revenue from Aave-branded products to the Aave DAO treasury under a token-centric structure. Aave has moved its latest strategic proposal into a more concrete phase. After weeks of discussion, revisions and community pushback on key details, Aave Labs has now published the updated ARFC for what it calls the “Aave Will Win” framework. Aave Labs is pitching a tighter DAO revenue loop At the center of the proposal is a fairly direct idea. If the framework is approved, all revenue generated by Aave-branded products would be routed to the Aave DAO treasury. That would mark a notable shift in how the economics around the broader Aave product stack are handled. The proposal is being framed as a token-centric alignment model, which in practical terms means bringing product growth and DAO value capture more closely together. Instead of leaving product-layer economics partially outside the DAO’s immediate revenue base, Aave Labs wants those flows to accrue directly to the treasury. That matters because Aave is no longer just a lending protocol with one interface and a narrow DeFi-native audience. It is trying to grow into something wider, with more user-facing products, more institutional tooling and a bigger share of the onchain financial stack. Community feedback has already reshaped the proposal The updated ARFC also signals that Aave Labs is trying to make this politically digestible inside governance. The revised version comes after community feedback, which suggests the team is not trying to jam through a static plan unchanged, but is instead adjusting the framework as DAO stakeholders push for more clarity and tighter alignment. That does not mean the proposal is now uncontroversial. Redirecting 100% of product revenue to the DAO raises obvious questions about budgets, execution, accountability and how Aave Labs itself is funded while building the next phase of the ecosystem. Still, the broader message is hard to miss. Aave Labs is effectively arguing that the next chapter of Aave should be built around a cleaner economic relationship between the company’s product work and the DAO treasury. If governance backs that logic, the protocol’s future may be shaped less by a single upgrade and more by a deeper restructuring of who captures the upside.

Bitcoin wallets holding between 10 and 10,000 BTC added 61,568 BTC over the past month, according to Santiment. Small retail wallets also increased their holdings at a similar pace, pointing to broad-based accumulation during Bitcoin’s pullback to $68,000. Bitcoin latest dip has not stopped buyers from adding exposure. Fresh data from Santiment suggests accumulation continued over the past month across both larger holders and the smallest retail wallets, even as BTC briefly slid to the $68,000 level. That split matters. Usually, when the market softens, traders look for signs of whether smart money is quietly stepping in or whether retail is simply fading out. This time, the flow appears to be moving in the same direction on both ends. Whales add size while price cools Santiment said wallets holding between 10 and 10,000 BTC, the cohort often grouped as whales and sharks, accumulated 61,568 BTC over the last 30 days. That amounts to a 0.45% increase in holdings during a period that included a notable pullback in spot price. In crypto terms, that is the kind of behavior traders tend to watch closely. Large wallets are not always right, of course, but sustained buying during weakness is usually read as a sign of conviction rather than short-term momentum chasing. The fact that this happened around the move down to $68,000 adds another layer. Instead of rotating out on fear, bigger players appear to have treated the retracement as a buy zone. Retail wallets keep pace What stands out almost as much is the retail side. Wallets holding less than 0.01 BTC also increased their balances at a similar pace, suggesting that small holders were not shaken out in large numbers. That does not automatically mean an immediate breakout is next. Markets rarely move that neatly. But when both whales and smaller participants are stacking through a dip, it tends to reinforce the idea that underlying demand remains intact, even if price action still looks hesitant in the short term.

An Ethereum ICO-linked wallet moved 18,500 ETH worth about $38.1 million, according to onchain analyst Lookonchain. A receiving address then sold 11,552 ETH for roughly $23.4 million in a series of transactions at an average price near $2,027. An Ethereum wallet tied to the network’s ICO era has moved back into focus after a large transfer was followed by multimillion-dollar sales onchain. Lookonchain said the wallet, identified as “0xd64A…7ED7” and linked to an Ethereum ICO participant, transferred 18,500 ETH worth around $38.1 million to another address. That second address then sold 11,552 ETH, valued at roughly $23.4 million, across multiple transactions. The average sale price came in at about $2,027 per coin. Old Ethereum supply resurfaces at a delicate time Large movements from early Ethereum holders still draw attention for a simple reason. These wallets sit on deeply profitable positions, and when they become active, traders tend to watch for signs of distribution pressure. This case fits that pattern. The transferred amount was substantial enough on its own, but the more relevant detail was what followed. More than half of the moved ETH was sold relatively quickly, suggesting this was not a routine reshuffling between passive wallets. That said, the market often absorbs these sales better than the headline number first suggests. Ethereum remains liquid, and even sizeable disposals from long-dormant holders do not automatically translate into sharp price disruption. Still, it gets noticed. It always does. ICO-era wallets still shape market psychology The wallet’s ICO link adds another layer. Early Ethereum participants occupy a strange place in the market. They are part historical artifact, part risk factor. When one of these addresses wakes up, it tends to feed the same question traders have asked for years: how much old supply is still waiting to come out. For now, the visible data points to a partial sale, not a full exit. The original 18,500 ETH transfer exceeded the 11,552 ETH that was sold, leaving room for further moves if the holder chooses.