governance

According to the Securities Times, Xiaohongshu has launched a special governance action for certified professional accounts in the financial sector starting from June 3. Based on relevant laws and regulations as well as platform rules, financial certifications are only issued to institutions holding compliant licenses. The nicknames of certified professional accounts on the platform must strictly match the actual business scope of the certified entity and must not obtain certification marks through false or misleading information. In the past week, Xiaohongshu has dealt with over 1,500 non-compliant financial professional accounts and will continue to comprehensively strengthen the public verification and validation mechanism, conducting regular inspections and handling of existing accounts.Staff introduced that since May, the Xiaohongshu platform has dealt with a total of 31,000 accounts involved in financial sector violations and marketing accounts without financial-related qualifications, including 539 notes and 146 comments related to illegal inducement of cross-border investment issues; 141 related notes regarding the low-priced resale of foreign investment bank research reports, and freezing of 132 related products. In addition, the platform has also handled over 130 pieces of suspected illegal information related to gold financial marketing promotion and domestic promotion of overseas platforms.

According to Jinshi reports, the Danish pension fund AkademikerPension has decided to place SpaceX on its "exclusion list" due to concerns about the company's governance. This comes as SpaceX prepares for an IPO and seeks to achieve a valuation of at least $1.8 trillion. According to insiders, the company plans to raise up to $75 billion, which, if successful, would become the largest IPO in history.AkademikerPension manages approximately $25 billion in assets and had previously excluded Tesla (TSLA.O) and U.S. Treasury bonds from its portfolio for sustainability reasons. The fund stated that the "primary reason" for avoiding SpaceX is related to ESG (Environmental, Social, and Governance) factors, "especially the company's extremely poor performance in governance matters."The pension fund also added, "That said, if we assess that SpaceX represents a highly attractive investment opportunity, then from an investment return perspective, we cannot justify this decision." "However, as long-term investors, our view is that the company's valuation is already severely inflated."

According to the "Urban Renewal '14th Five-Year' Plan" issued by the State Council on May 22, 2026, the State Council clearly proposed to promote the empowerment of blockchain technology in housing transactions, property registration, and other fields to enhance the intelligence and refinement of urban governance.The plan simultaneously deploys the construction of a City Information Model (CIM) basic platform, creating a compact, unified, data-integrated, and efficient collaborative urban digital foundation. It aims to improve the CIM basic database and standard system, advance the coding of housing construction and municipal facilities, build a national basic information database for housing construction and municipal facilities, and establish a three-tier urban operation management service platform system at the national, provincial, and city levels, promoting a "one network for unified management" of urban operations.

According to Fortune magazine, the UK AI agent security and governance platform Geordie AI has completed a $30 million Series A funding round, led by Balderton Capital, with participation from Crosspoint Capital, and additional investments from General Catalyst and Ten Eleven Ventures, resulting in a post-money valuation of $155 million. This is the largest Series A funding round to date for a cybersecurity startup in Europe.The company was co-founded by former executives from the UK cybersecurity company Darktrace and the code security company Snyk. Its platform can discover and monitor AI agents operating within enterprises in real-time, identifying risks and dynamically constraining agent behavior. Geordie is currently deployed in approximately 30 client environments, including financial data company AlphaSense and the Franco-American joint venture AI biotechnology company Owkin.

Ethereum co-founder Vitalik Buterin stated that he will no longer write regular blog posts and has decided to try writing some science fiction stories on the theme of decentralized governance.According to the link he posted, he has completed the first and second chapters of the science fiction novel.

According to Fortune magazine, Elon Musk's close friend and founder of Valor Equity Partners, Antonio Gracias, may gain over $100 billion in wealth due to the SpaceX IPO.It is reported that Valor holds more than 500 million shares of SpaceX Class A stock. If SpaceX goes public with a rumored valuation of $1.75 trillion to $2 trillion, the value of its holdings could reach between $90 billion and $140 billion.At the same time, the approximately $20 billion related party transactions between SpaceX and Valor have also sparked corporate governance controversies. Documents show that subsidiaries related to xAI under SpaceX had signed three GPU infrastructure leasing agreements with Valor, all of which were guaranteed for payment by SpaceX. The auditing firm PwC believes that the nature of the transaction is closer to a loan rather than a normal sale-leaseback, and therefore requires that approximately $9 billion of related debt be included in SpaceX's balance sheet.

Uniswap's governance proposal aims to extend the protocol fee collection and burning infrastructure to BNB Chain and Polygon, and to complete the fee activation process on Celo that was not executed due to a configuration error.The proposal includes: setting the fee receiving address for the V2 protocol on BNB Chain, Polygon, and Celo to TokenJar, and designating the V3 Factory owner on the relevant chains as V3OpenFeeAdapter; additionally, Celo will transfer the feeToSetter role and V4 PoolManager ownership to CrossChainAccount.The proposal states that fees from each chain will be aggregated into the corresponding TokenJar, and then UNI will be bridged back to the Ethereum mainnet and sent to the burn address.

The DAO infrastructure service provider Syndicate announced that it will gradually cease operations. It stated that after five years of continuous development of on-chain developer infrastructure, the Rollup market has undergone fundamental changes. Currently, the Rollup market size has significantly shrunk, with some Rollup projects gradually shutting down, and the market has shifted from EVM Rollups to custom chain models built from scratch by consulting teams, resulting in a significant decline in reusable technology and network value.Syndicate stated that its system consists of two parts: Syndicate Labs, responsible for development, will shut down, while the independent entity Syndicate Network Collective (Wyoming DUNA), which holds SYND tokens and has governance rights, will continue to exist, and SYND governance will not be affected in the short term.In addition, Syndicate emphasized that this decision to cease operations is unrelated to recent cross-chain security incidents, and affected users and SYND holders have received full compensation through treasury reserves, while team and investor tokens are still locked.

The ALEX Lab Foundation submitted governance proposal AGP-8, which plans to make structural adjustments to the ALEX protocol, including stopping the emission of ALEX community tokens, closing the treasury grant program TGP, and introducing a protocol-driven token buyback and burn mechanism. Currently, the circulating supply of ALEX is approximately 973 million tokens, close to the cap of 1 billion tokens.If the proposal is approved, the next 32 cycles will be the final ALEX emission cycles, after which there will be no new token emissions. Approximately 1.568 million STX remain unclaimed in the TGP 2024 treasury, and after a 30-day grace period, the ALEX Lab Foundation will use these funds to buy back and burn ALEX tokens at market price. Future protocol revenue will also be used for ongoing buybacks and burns after covering operational costs. This proposal aims to shift ALEX from an inflationary model to a deflationary model.

Mantle Network officially announced that the proposal for the rsETH relief coordination loan facility initiated to Aave has officially entered the governance voting stage.According to the proposal, Mantle will provide a loan to Aave's relief action to help users orderly exit or resolve related positions. Users holding MNT tokens must first complete delegation on the Snapshot platform to participate in the voting.Aave founder Stani stated that DeFi United is the largest DAO coordination he has participated in, with at least 6 different DAOs proposing governance plans (Arbitrum, Aave, EtherFi, Lido, Compound, and Mantle). He thanked everyone who helped and participated.Currently, the DeFi United ecological relief action led by Aave is ongoing to address the collateral asset gap caused by the rsETH incident on April 18. The designated donation address has raised a total of 1,137,714.633 ETH, worth $314.57 million.

The RWA tokenization protocol KAIO officially announces the launch of its governance token KAIO, with a fixed total supply of 10 billion tokens, and simultaneously establishes the KAIO Foundation, responsible for ecological governance, treasury management, and protocol development.KAIO is incubated by Nomura Group's digital asset division Laser Digital and has received strategic investments from institutions such as Tether (the world's largest stablecoin issuer), BH Digital Assets, and Further. The platform currently has 5 institutional-grade funds launched, with a TVL of approximately 100 million USD, spanning over 10 blockchains. The supported asset managers include BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital, with a collaboration with Mubadala Capital set to be announced soon.In terms of token distribution, the community and liquidity incentives account for the highest proportion at 37.5%; the foundation holds 17%; the team, investors, and Pre-TGE sales collectively account for 45.5%, with a lock-up ratio of zero on the day of TGE. Unlocking has a cliff period of 6 to 12 months, followed by monthly linear releases, with a maximum period of up to 60 months.The core uses of the token include: access to protocol products, participation in staking to earn rewards, and governance voting rights on key protocol decisions and treasury allocations. The protocol will generate revenue by charging basis points on tokenized assets, but token holders do not have statutory rights to fee distribution. The KASH product aimed at retail users is planned to launch in the second quarter of 2026, aiming to provide ordinary users with exposure to RWA returns.

Ondo Finance announced on platform X that it has reached a partnership with Broadridge, which provides communication services for issuers to retail and institutional investors. This collaboration will enable holders of over 250 tokenized stocks and ETFs under Ondo to access investor information and participate in proxy voting.Investors in tokenized stocks will be able to enjoy all the advantages of on-chain trading while also participating in the governance of the underlying securities of the world's largest stocks and ETFs.

Sky proposes a comprehensive reform of the treasury revenue distribution mechanism. Founder Rune Christensen stated that with Genesis Capital's transition to Grove, Sky has officially ended the genesis capitalization phase, and the previous irregular capital deployment determined by governance has come to an end.The proposal simplifies the treasury management function (TMF) from a five-step conditional waterfall structure to a four-step fixed allocation framework, covering security and maintenance, overall backup capital, smart burn engine, and USDS staking rewards, while eliminating multiple legacy mechanisms. This move comes as Sky is rapidly expanding, with the supply of USDS rising to approximately $11.6 billion, making it the third-largest stablecoin. Previously, the Sky community authorized the deployment of up to $2.5 billion through the stablecoin incubator Obex, and launched the native USDS on Avalanche in April.

Gate announced the launch of the GateRouter enterprise account feature, enhancing enterprise-level management capabilities based on the existing AI model gateway, providing an integrated AI usage and governance solution for team and institutional users. GateRouter supports quick access to over 30 mainstream models such as GPT, Claude, DeepSeek, and Gemini through a single API, and automatically matches models based on task complexity. By intelligently routing and automatically selecting cost-effective models, GateRouter can help enterprises significantly reduce costs and achieve more efficient scalable applications.The launch of the GateRouter enterprise account feature optimizes three aspects: cost, permissions, and data. It achieves unified billing through a shared quota pool and controls budgets with a three-tier quota mechanism based on organization, members, and API Key; it supports up to 4 levels of organizational structure and a multi-role permission system for refined management; it also provides multi-dimensional statistics such as per capita usage, model distribution, and API Key, making AI usage traceable and analyzable. The overall design connects model invocation with organizational management, providing foundational support for the scalable implementation of AI within enterprises.

According to official news, after discussions with multiple stakeholders, Aave service providers, ether.fi, KelpDAO, and other projects have submitted a governance proposal to the Arbitrum DAO, requesting the release of ETH that was frozen by the Arbitrum security committee after the rsETH incident on April 18.The announcement stated that if these ETH are released, the funds will be directed to DeFi United. Aave firmly believes that this contribution will significantly advance the path to a solution.

According to CoinDesk, while quantum computers cannot disrupt the Bitcoin mining mechanism or the blockchain ledger, they may potentially crack the elliptic curve encryption system that protects wallet ownership through Shor's algorithm. Currently, about 6.9 million BTC (approximately one-third of the total supply) face potential risks due to public keys being visible on-chain, including around 1 million early holdings by Satoshi Nakamoto; transactions generated after the Taproot upgrade in 2021 are also affected due to public key exposure.Ethereum has established a formal quantum resistance migration plan since 2018, with 4 full-time teams and over 10 independent development groups, and has launched a dedicated progress website at pq.ethereum.org. In contrast, Bitcoin currently lacks a unified response roadmap, and the existing BIP-360 proposal and BitMEX Research detection scheme have not received widespread support from core developers. Notable Bitcoin advocate Nic Carter pointed out that Bitcoin's response is "the worst," while Blockstream CEO Adam Back believes that current quantum systems are still in the laboratory stage, but he also agrees that optional upgrade solutions should be deployed in advance.Analysts point out that Bitcoin's anti-centralization governance culture makes coordinating large-scale security upgrades extremely difficult, and how to handle historical legacy issues such as Satoshi Nakamoto's holdings is particularly challenging. A related paper from Google warns that once quantum attacks become a reality, the window for response may have already closed.

Aave Labs announced the launch of the AI-driven governance security system Aave Checkpoint, which adds a structured multi-layer review process for each proposal and load before execution.It is reported that the workflow of Checkpoint is divided into two phases: the automatic AI analysis phase, where the system automatically retrieves on-chain data, proposal source code, and IPFS text when a new proposal is submitted, cross-references the parameters with governance specifications, uses Seatbelt to simulate output and check the proposal execution path, runs over 60 specialized security analysis agents for vulnerability detection, DeFi-specific risk analysis, agent upgrade security checks, etc., and generates a structured audit report with pass/fail conclusions; and the mandatory manual review phase, where each AI-generated report must be independently signed off by at least two people before it can be considered reviewed. Checkpoint covers Aave V3, V4, GHO, and Aptos-v3 protocols, including 5 custom Aave governance skills and 52 external security skills.

The WLFI project team has set a long-term vesting plan for 6.228 billion locked tokens through a new governance proposal.Among them, the founding team will permanently destroy up to 4.52 billion tokens, and the remaining 90% of the tokens will be locked for a period of 2 to 5 years. At the same time, the shares of early investors will be fully retained, further clarifying the governance path of WLFI.As a result of this news, as of the time of publication, the market price of WLFI has increased by 7%, currently reported at $0.084.

According to official news, Scroll announced an important proposal regarding protocol and governance operations. The team proposed to dissolve the Security Council and transfer protocol management authority to the Scroll Admin multi-signature address, with the transition expected to be completed within the next ten days.Scroll stated that the costs of the Security Council are no longer reasonable compared to actual usage over the past few quarters, and resources should be better allocated to product development and growth. Scroll will work with key stakeholders to find a new Security Council structure that is more suited to current market conditions.