ACI has officially ceased operations due to governance disagreements with Aave Labs.
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The Aave Chan Initiative has officially ceased operations; Marc Zeller announces new project.
PANews reported on July 1st that Aave Chan Initiative (ACI) founder Marc Zeller disclosed that Aave DAO delegation and service provider ACI officially ceased operations today, marking the end of this community-driven governance platform after more than three years of operation. According to Zeller, ACI was founded during a DeFi downturn, when Aave's TVL had shrunk to a quarter of its peak, and the protocol was losing approximately $35 million annually. During its tenure, ACI helped Aave turn around the protocol's performance, generating $150 million in annual revenue, driving a nine-fold increase in AAVE's price, and establishing a mature DAO governance and service network. Marc stated that the end of ACI is not the end of the journey, and new project plans will be announced soon.
Supabase is experiencing a large-scale capacity limitation, affecting project creation, restart, and recovery operations in multiple regions.
According to Foresight News , Supabase, the PostgreSQL development platform, tweeted that it is currently experiencing persistent capacity limitations in most regions, affecting project creation, project scaling, project restarts, branch configuration, and recovery operations. Some users may experience repeated failures when attempting these operations. The team is actively taking measures to increase capacity to restore normal service and will continue to provide updates on the progress.
SpaceX was officially included in the Nasdaq 100 index this week; historical warnings point to post-inclusion volatility. TeraWulf's Q1 HPC leasing revenue surpassed mining's high-margin annualized revenue of $630 million for the first time.
According to ChainCatcher and BBX data, the world's largest IPO completed its index inclusion milestone yesterday, marking a historic turning point in the valuation logic of mining companies' AI transformation. Key developments are as follows: SpaceX, Inc. (NASDAQ: $SPCX) was officially included in the Nasdaq 100 index this week, becoming the first company in history to have its largest single IPO ($75 billion) included in the Nasdaq 100. CoinDesk also issued a historic warning: "The previous two largest additions to the index—Palantir ($PLTR) in December 2024 and Strategy ($MSTR) in early 2025—both experienced a period of decline after inclusion, rather than initiating a new round of growth." Analysts pointed out that passive funds tracking the Nasdaq 100 completed a "forced buy" at the time of inclusion, and without new fundamental catalysts, the stock price often corrects after the technical buying subsides. SpaceX currently faces specific risks including: a net loss of approximately $4.27 billion in Q1 2026 (primarily due to xAI integration expenses), a $2 billion bond issuance plan, and a 3.4% equity dilution from the $60 billion acquisition of Cursor/Anysphere; Morningstar maintains its fair value estimate of $62 per share, implying a downside of approximately 70% from the current market price. For the market holding SpaceX Bitcoin (18,712 coins, approximately $1.2 billion, custodied in Coinbase Prime), Nasdaq 100 inclusion will trigger larger-scale SPCX holdings by passive funds, further narrowing the indirect exposure of traditional index investors to Bitcoin assets. According to the latest analysis, TeraWulf Inc. (NASDAQ: $WULF) reported $21 million in high-performance computing (HPC) leasing revenue in Q1 2026, accounting for approximately 62% of its total revenue of $34 million. This marks the first time TeraWulf has surpassed Bitcoin mining revenue—a historic reversal in revenue structure since its transformation into an AI/HPC infrastructure company. This represents a 117% increase compared to the $9.7 million in HPC revenue in Q4 2025. The company currently has AI/HPC leases totaling over 522 megawatts signed with Core42 and Fluidstack, with an expected annualized high-margin revenue of approximately $630 million. Its energy mix consists of nuclear power and hydropower, with an average electricity cost of approximately $0.035/kWh, among the lowest of its peers in the mining industry. The company is also developing a new campus in Kentucky, adding approximately 480 megawatts of grid connection capacity; analysts have significantly raised their target price range, with Keefe Bruyette & Woods from $23 to $37, and Clear...
EtherFi proposes deploying a dedicated Aave V4 instance on the OP Mainnet to support EtherFi Cash.
According to Mars Finance, on July 3rd, EtherFi proposed a Temp Check, requesting the deployment of a dedicated Aave V4 white-label instance operated by EtherFi on the OP Mainnet. This instance would serve as the credit backend for its Visa card product, EtherFi Cash, replacing the current Debt Manager. The instance would share liquidity and other market isolation with Aave, with EtherFi responsible for configuration, risk parameters, liquidity, and operations. Aave would provide the V4 deployment and operation license and receive 20% of the reserve factor revenue. Commercial terms also include integration with GHO, deployment of GHO GSM on the OP Mainnet, a maximum initial asset launch of $175 million, and exclusive access to the Aave V4 lending market for EtherFi Cash. The proposal will gather at least 5 days of community feedback. If approved, it will enter the ARFC phase, with a target deployment date of July 2026.
Solana's on-chain NFT platform, Exchange Art, will cease operations on August 1st.
PANews reported on July 3 that Exchange Art, the on-chain NFT art platform on Solana, announced it will officially cease operations on August 1, 2026. The platform stated that due to the prolonged slump in the on-chain art market and the inability to find a sustainable financial path, it has decided to shut down. Users will need to access their accounts and retrieve necessary information before the shutdown. All works and funds held in custody and sales contracts on the platform will be released to their owners before the shutdown. All artworks have been minted on the Solana blockchain and can be imported into other markets; artists and collectors can ensure the safety of their works without any additional action required.
Aave-Chan Initiative founder Marc Zeller disclosed that he has liquidated his AAVE holdings.
According to BlockBeats, on July 2nd, Marc Zeller, founder of the Aave-Chan Initiative (ACI) and a contributor to Aave ecosystem governance, stated on social media that he had sold all of his AAVE holdings upon leaving Chaos Labs, retaining only a very small "dust-level" balance. Previously, after announcing the closure of the ACI project, community users inquired whether he still held AAVE or had sold his holdings. Marc responded that he had completed the liquidation upon leaving Chaos Labs.