The Daily: Aave governance dispute intensifies, South Korea proposes mandatory crypto influencer disclosures and more
The daily crypto brief covers an escalating Aave governance dispute, Hong Kong's upcoming stablecoin licenses, and South Korea's proposal for influencer disclosures.Summary
The daily newsletter highlights several key developments in the crypto space. The Aave governance dispute has intensified as Aave Chan Initiative founder Marc Zeller published an 'audit' questioning Aave Labs' financial transparency ahead of a crucial $51 million funding vote.
In regulatory news, Hong Kong plans to issue its first fiat-referenced stablecoin licenses in March and will introduce legislation to license crypto asset dealers. Separately, South Korea's ruling party proposed legislation requiring crypto influencers to disclose personal holdings and any compensation related to investment advice to combat conflicts of interest.
Other updates include Circle reporting $770 million in Q4 revenue, driven by USDC growth to $75.3 billion, and Anchorage Digital disclosing a holding in Strategy's STRC perpetual preferred stock, signaling institutional alignment around bitcoin treasuries.
(Source：The Block)