Summary: SEC Philippines warns about seven unregistered crypto platforms (dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, Ostium) under CASP; promoters may face fines up to PHP 5 million or 21 years' jail. Abstract: The Philippines’ SEC issued an investor warning identifying seven unregistered cryptocurrency trading platforms (dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, Ostium) not registered under the Crypto Asset Service Provider framework. It cautions that promoting these platforms in the Philippines may incur criminal liability, with penalties including fines up to PHP 5 million and up to 21 years’ imprisonment.

BlockBeats News, January 9th, Aevo announced, "According to the AGP-3 plan, we have burned 69 million AEVO tokens (approximately $2.8 million) from circulation, accounting for 6.9% of the total supply. Staking AEVO can earn a share of Uniswap V3 liquidity provider (LP) fees, which are expected to be distributed by June 2026."

Odaily Planet Daily reports that derivatives trading platform Aevo announced on X that Trading Epoch 1 has concluded, with a total of 1 million AEVO distributed to traders. Top traders received over 100,000 AEVO in rewards. Currently, Trading Epoch 2 is live, offering an additional 1 million AEVO in rewards to traders. Additionally, staking AEVO will also accumulate Uniswap V3

On December 12th, due to a vulnerability in the smart contract update, the old Ribbon DOV vault was attacked, resulting in a loss of approximately $2.7 million. The Aevo platform was unaffected, and all Ribbon vaults have been disabled. Withdrawals require contract upgrades, and the claim window is open for six months, with compensation amounts potentially reaching up to 19%.

Former derivatives protocol Aevo co-founder Ken Chan's "exit manifesto" quickly swept the Asian crypto circle this week. He posted a long post on X saying that he had "wasted eight years" in the crypto industry and bluntly stated that "I am not building a new financial system, I am just building a casino." This remark has sparked widespread resonance and controversy in the Chinese and South Korean communities, with millions of views. Chan's post is not only a professional reflection but also a collapse of personal ideology. He claimed to have been influenced by libertarianism and was enamored with the revolutionary idea of Bitcoin "crossing the border with a billion dollars." However, eight years of industry experience completely disillusioned him. He criticized the Layer 1 capital war for "burning everyone's money", and projects such as Aptos, Sui, Sei, and ICP did not bring real financial innovation, but only "competed to become the next Solana". His conclusion is sharp: "We don't need to build a Mars casino. ”