# blockchain governance

Retail engagement is cooling to six-month lows, increasing price sensitivity and exposing chain-specific lulls. Large buyers are expanding holdings, including a $320 million Ethereum addition, while governance debates and a landmark national UBI crypto option test the sector's social license and infrastructure demands. The post-FTX accountability flashpoint around Caroline Ellison's 11-month release underscores ongoing trust challenges.

Traders flagged nearly $2 billion in long liquidations if Bitcoin retests $80,000, even as probabilities of a near-term rate cut nearly doubled. Flashy solo-miner jackpots underscored outlier luck while corporate crypto exposure split opinion, with dip-buying from a major asset manager set against mounting unrealized losses and scrutiny of balance-sheet strategies. Under the surface, stablecoin proliferation and chain governance debates highlighted growing complexity in the system's plumbing.