MANTRA DAO Initiates Survey Vote to Solicit Feedback on Team Token Burn Execution

As of December 11th, DefiLlama data shows 24-hour trading volumes across Perpetual DEX (Perp DEX) platforms have broadly cooled in the past day. Hyperliquid has remained relatively resilient, leading in trading volume, while open interest and TVL (total value locked) across the sector have seen minimal overall shifts. Key 24-hour metrics for select Perp DEXs are below: - **Hyperliquid**: ~$82.7B 24h volume | ~$44.6B TVL | $68.5B open interest [Referral link: https://app.hyperliquid.xyz/join/NTOD] - **Lighter**: ~$70.8B 24h volume | ~$14B TVL | $17.9B open interest - **Aster**: ~$66.3B 24h volume | ~$13.6B TVL | $26.9B open interest [Referral link: https://www.asterdex.com/zh-CN/referral/aboter] - **EdgeX**: ~$49.5B 24h volume | ~$4.06B TVL | $8.3B open interest - **ApeX**: ~$32.4B 24h volume | ~$47.08M TVL | $90.9M open interest - **Backpack**: ~$14.6B 24h volume | TVL undisclosed | $2.03B open interest - **Variational**: ~$10.3B 24h volume | ~$66.18M TVL |

On December 11, CoinDesk analyst James Van Straten noted that even as the Federal Reserve cut interest rates by 25 basis points, risk assets remain under pressure — primarily due to Oracle’s earnings miss and the Fed’s hawkish guidance. Bitcoin is currently trading around $90,000, down 2.8% over the past 24 hours, while Nasdaq-linked futures on Wall Street slipped 0.80%. Late Wednesday, Oracle reported fiscal 2026 Q2 earnings (for the period ended Nov. 30, 2025): total revenue came in slightly below market consensus, dragged down by falling traditional software sales, particularly weak new license revenue. This underscores the gap between the frenzy of debt-fueled AI infrastructure spending, committed revenue, and the reality of delayed cash flows.

On December 11th, Galaxy Digital Founder and CEO Mike Novogratz spoke at the Solana Breakpoint Conference, noting: As regulations grow clearer, the industry has entered a phase where building products users actually use is a must. Crypto asset value is now driven by both community and real-world growth, and narratives need to be backed by real usage and innovation. Solana—known for its high performance—is viewed as a chain “built for capital markets,” while Galaxy’s partnership with Jump stems from the latter’s high-frequency infrastructure capabilities. This year’s crypto market has been volatile, but I’m still optimistic. Just this year, one of Galaxy’s clients completed a $9 billion Bitcoin sale—allowing early investors to lock in some profits and diversify their portfolios. Meanwhile, a steady flow of new investors keeps buying Bitcoin. Over the past few days, I’ve been at a conference in Abu Dhabi, which has only reinforced my bullish outlook. Abu Dhabi FinTech Week broug

As of December 11, the Pacifica trading competition is in full swing, with top addresses on the leaderboard driving notable trading volume and substantial profits. Per Pacifica platform data, the third-ranked address (8wxZY) has delivered nearly 9x its initial investment return—turning a $4,600 initial outlay into over $40,000 in profits in just 90 days. The top-ranked address (7yPGK), which started with a $140,000 initial investment, has posted $1.2 billion in trading volume over 60 days, netting roughly $120,000 in profits. The second-place address (7uoQf) has earned around $32,000 in profits from an ~$10,000 initial investment over 120 days. Current competition rankings are calculated based on actual trading volume and profits; some traders are temporarily excluded due to off-ramping withdrawals. Tailored exclusively for Pacifica, the on-chain data analysis and copy-trading tool Coinbob Pacifica (@CoinbobPAC_bot) is now live. It supports tracking, monitoring, and copy-tr

On December 11th, Hasu—Strategic Director at Flashbots and Strategic Advisor to Lido—shared that: “The worst outcome isn’t token holders being apathetic about a project; it’s people who think they know how to run a company actively intervening as token holders. What’s infuriating right now is that many investors are forcing startup teams to do buybacks, pushing unvetted incentive mechanisms, and floating governance ideas that would destroy a startup’s value—leading to massive value erosion.” “If I were launching a crypto business today, I’d never recommend issuing tokens before being ‘ready to go public.’ Treat tokens like an IPO, and even then, aim to keep full founder control of the company. Almost every founder now regrets issuing tokens: they were initially swept up by what seemed like ‘cheap capital,’ but that capital has now turned on them, baring its fangs.” “In crypto, the downsides of ‘going public’ and losing financial control are severely underestimated and understu

**December 11, 2025** Lily Liu, Chair of the Solana Foundation, spoke at the Solana Breakpoint 2025 Conference, outlining key updates for the blockchain platform: Solana is the first blockchain to launch a policy research institute. As every institution now needs a digital asset strategy to enter the blockchain space, many have chosen Solana—including Western Union (processing over $600 billion in annual remittances) and Pfizer (handling $2 trillion in annual merchant payments). Other organizations have followed suit. ETFs have been a major theme this year. Six weeks ago, physically backed Solana staking ETFs launched in the Solana ecosystem. In just six weeks, their assets under management (AUM) have neared $1 billion—even amid weak overall market performance, the funds have seen three straight weeks of net inflows. Six such ETFs have listed in the U.S. alone. Another key (and somewhat controversial) theme is DAOs (Decentralized Autonomous Organizations). While many view DA