Crypto Industry News & Market Trends

LayerZero pledges $23M to DeFi united after $292M Kelp DAO exploit fallout

LayerZero will commit 10,000 ETH to help clean up the $292 million Kelp DAO exploit, 5 days after watching rivals write big checks. The company posted on X, saying it will deposit 5,000 ETH into the DeFi United rescue fund and another 5,000 ETH directly into Aave to strengthen its liquidity. It also pledged to support GHO liquidity. 　　Following the attack, DeFi United is racing to restore full backing for the token. The coalition has since published a technical recovery plan that relies on staged ETH deposits into Kelps lockbox contract,　　The blame is appended to both Kelp DAO and LayerZero. Kelp DAO had a weak 1-of-1 setup, making it a single point of failure as only one LayerZero verifier could validate messages. And while LayerZero cautioned that multi-verifier options are safer, Kelp says the default setup used the one described by LayerZero.　　David Schwartz, Ripple CTO Emeritus, raised some concerns about LayerZeros explanation. He cited previous comments by LayerZero CEO Bryan Pellegrino that no application used only the LayerZero DVN, calling them false. X users reacted very aggressively because many users labeled LayerZero as the one behind the mess. They also called it out for not donating aid to Aave while

04-29Industry

Chainlink Exchange Outflows Hit 970,430 LINK, Largest Of 2026

Tech　　Chainlink Exchange Outflows Hit 970,430 LINK, Largest Of 2026　　On-chain data shows Chainlink traders have made their largest amount of exchange withdrawals since December, a potential sign of accumulation.　　Chainlink Exchange Netflow Has Seen A Sharp Negative Spike　　As highlighted by on-chain analytics firm Santiment in an X post, a significant amount of Chainlink supply has left exchanges recently. The indicator of interest here is the “Exchange Flow Balance,” which measures, as its name suggests, the net amount of LINK flowing into or out of wallets connected to centralized exchanges.　　When the value of this metric is positive, it means exchange inflows are outweighing the outflows and a net amount of the asset is entering these platforms. As one of the main reasons why traders deposit to exchanges is for selling-related purposes, this kind of trend can have a bearish impact on the LINK price.　　On the other hand, the indicator being under the zero mark suggests outflows dominate the market. Such a trend can be a sign that investors are accumulating, which can naturally be bullish for the cryptocurrency.　　Now, here is a chart that shows how the daily Exchange Flow Balance has changed for Chainlink over the last few weeks:　　As displayed in the above

04-29Industry

Robinhood stock drops 6% after earnings miss tied to crypto revenue slump

Crypto　　Robinhood stock drops 6% after earnings miss tied to crypto revenue slump　　Robinhood shares fell more than 6% in after hours trading Tuesday after the trading platform reported first quarter earnings that missed Wall Street expectations, with weaker crypto revenue offsetting growth in equities, options, prediction markets, and subscriptions.　　HOOD closed near $82 on Tuesday before dropping to around $77 in after hours trading at press time. Investors had expected Robinhood to report about $0.39 in earnings per share and revenue of roughly $1.14 billion. The company reported diluted EPS of $0.38 and revenue of $1.07 billion.　　Robinhood‘s total net revenue rose 15% year over year, while net income increased 3% to $346 million. Transaction based revenue climbed 7% to $623 million, helped by options, equities, and event contracts, but crypto revenue fell 47% to $134 million as digital asset trading cooled from last year’s levels.　　The miss landed against elevated investor expectations after a volatile quarter for retail trading platforms. Analysts had expected Robinhood to benefit from higher trading activity, stronger net interest income, and new products, while also watching for pressure from weaker crypto volumes and rising competition. Options markets had priced in a potential move of up to 9% in either

04-29Industry

Ondo Finance Empowers RWAs with Proxy Voting

Tokenized stocks and ETFs are listed on Ondos Global Markets platform.　　Tokenized stocks have become one of the fastest-growing areas in the crypto sector; according to RWA.xyz data, the category has tripled in value over the past year to reach $1.1 billion. Ondo is the largest issuer in this space and hosts over $700 million in stock and ETF tokens on its platform. While the new system does not grant direct shareholder rights to tokenized token holders, it offers them the opportunity to reflect their preferences through Ondo‘s holdings. The ONDO price is currently at $0.26, with a 24-hour change of +0.91% showing a slight uptick. RSI at 52.98 is neutral, the trend is sideways but Supertrend is giving a bearish signal. Ondo’s global head of institutional business, Matthieu de Vergnes, emphasized to CoinDesk that this is at the heart of the companys vision to make traditional assets accessible on-chain. Broadridge aims to bring the massive proxy voting volume from traditional markets to blockchain, enabling the management of digital and conventional assets in the same workflow.　　Critical Support and Resistance Levels for ONDOSupport S1: $0.2635 (Score: 83/100 ⭐ STRONG, -0.49% distance)Support S2: $0.2555 (Score: 74/100 ⭐ STRONG, -3.51% distance)Resistance R1: $0.2663 (Score:

04-29Industry

Ex-PayPal Chief Unveils Bitcoin-Powered ‘Money Grid’ for Global Merchant Adoption

The post Ex-PayPal Chief Unveils Bitcoin-Powered ‘Money Grid’ for Global Merchant Adoption appeared first on Coinpedia Fintech News　　Lightspark, the Bitcoin (BTC) remittance infrastructure provider led by former PayPal President David Marcus, has announced Grid Global Accounts. Its mission is to facilitate global remittances in Bitcoin, stablecoins, and dollars with AI support.　　In partnership with Visa, the API-based product will enable instant payments to 175 million merchants across 14,000+ banks and 65+ countries. Additional features include branded Visa debit cards, native Bitcoin and stablecoin support (for sending, receiving, and converting), and AI agent integration.　　Bitcoin remittances via Grid Global Accounts　　Notably, agentic support allows users to delegate transactions while maintaining ultimate control of their wallets. Essentially, users get to program a set of instructions for the AI of their choice, including spending limits, approved payees, and revocable permissions. For instance, a user must manually authorize transactions exceeding their set threshold.　　This last feature prevents instances of AI turning rogue and making unauthorized transfers. Just today, an AI agent reportedly deleted a startups entire database in under 9 seconds while attempting to complete a task.　　Speaking at the Bitcoin 2026 conference in Las Vegas today, Marcus said the API would soon be available for iOS developers this

04-29Industry

Western Union Announces Solana USDPT Stablecoin

The USDPT announced in the companys Q1 earnings presentation will transform agent transactions on Solana infrastructure.　　The pilot project was announced in October 2025 and is in the final preparation phase. While creating a SWIFT alternative for agent settlements, Western Union is linking crypto wallets to its physical branches via Digital Asset Network (DAN); the first partnership is going live this week. McGranahan stated that DAN will enable millions of users to convert their assets to local currencies and is seeing strong demand.　　SOL Technical Analysis: Current Price and Support Levels　　Solana (SOL) is currently trading at 83.62 dollars, down 1.19% in the last 24 hours. RSI at 45.84 level is neutral, but showing downtrend and bearish Supertrend signal. EMA 20: pressure above 85.35 dollars. Strong supports: S1 82.85 dollars (⭐ STRONG, 0.92% away), S2 80.81 dollars (⭐ STRONG). Resistances: R1 84.69 dollars (⭐ STRONG), R2 110.99 dollars. These data indicate that SOL demand may increase with the USDPT launch; SOL futures should be monitored.　　Expanding Partnerships and Financial Performance　　Adjusted revenue reached 983 million dollars in the first quarter, down 1% year-over-year but improved 400 basis points compared to the fourth quarter. Additionally, collaboration with Mastercard and Worldpay on the Solana platform is expanding;

04-29Industry

Chainlink Exchange Outflows Hit 970,430 LINK, Largest Of 2026

04-29Industry

USDC Mints $500M While Stablecoin Volume Drops Nearly 20%

Net flow data showed stronger demand for several major stablecoins. Tether‘s USDT led 30-day inflows with $3.6 billion, followed by Circle’s USDC with $2 billion. MakerDAOs DAI added $1.2 billion during the same period.　　Outflows were led by Ethena‘s USDe, which recorded $1.1 billion in net withdrawals. Paxos’ PYUSD also posted $509 million in net outflows.　　The decline in broader stablecoin transfer volume followed stronger activity on some major blockchain networks. Fidelity highlighted that trend in its Q2 Signals Report, citing Coin Metrics data on Ethereum stablecoin transfers.　　Ethereum and Solana Show Stablecoin Utility　　Ethereum stablecoin transfer values had recently exceeded historical averages, according to the report. Over the last 12 months, stablecoin transfer value on Ethereum exceeded $18 trillion. Fidelity said this suggested that network utility remained active even while crypto prices stayed under pressure.　　The company said stablecoins may be used for payments, settlement, and on-chain access to the dollar. This activity appeared separate from broader market sentiment.　　Solana showed a similar trend at a smaller scale. Fidelity cited Coin Metrics data showing that Solana consistently processed more than $5 billion in stablecoin volume. Its 30-day average transfer volume increased from $6.7 billion to $7.2 billion as of March 31.　　Fidelity said the data may

04-29Industry

Hezbollah upgrades drones with fiber-optic tech, impacting Israel ceasefire outlook

Tech　　Hezbollah upgrades drones with fiber-optic tech, impacting Israel ceasefire outlook　　Hezbollah is integrating fiber-optic control technology into its drone fleet, borrowing from tactics used in the Russia-Ukraine conflict. The Israel-Hezbollah ceasefire by June 30, 2026 market now sits at 85% YES, down from 100% previously.　　The June 30 ceasefire market dropped from certainty as Hezbollahs drone upgrades introduce a new variable into the conflict. The April 30 market remains at 100% YES, likely because it resolves in just two days.　　Fiber-optic FPV drones bypass electronic jamming, which is a core component of Israeli border defenses along the Lebanon-Israel line. This specific capability, adapted from the Russia-Ukraine conflict, means Israel‘s existing countermeasures may be less effective against Hezbollah’s next generation of attacks. The Israel-Hezbollah market now prices in more skepticism about a lasting ceasefire holding through June.　　Trading volume is $0 in face value over the last 24 hours. Market depth is thin, meaning any significant development could cause sharp price swings.　　A YES share in the June 30 ceasefire market requires a bet that diplomacy outpaces these tactical upgrades. At 85¢, a YES share pays $1, a 1.18x return if a ceasefire is declared.　　Watch for statements from Israeli and Hezbollah leaders, reports of drone attacks

04-29Industry

Bitcoin Will Reshape Traditional Finance, Leaders Say

Bitcoin　　Bitcoin Will Reshape Traditional Finance, Leaders Say　　A couple prominent Bitcoin adoption leaders gathered on the Nakamoto Stage at The Bitcoin 2026 Conference, making the case that an unusual industry dynamic — one where direct competitors openly collaborate — may be the defining feature of the current institutional push into the digital asset.　　The panel featured David Bailey, CEO of Nakamoto Inc., Alexandre Laizet of Capital B, and Dylan LeClair of Metaplanet, moderated by George Mekhail of Bitcoin for Corporations.　　Bailey started his talk to frame Bitcoin as something closer to a decentralized corporation, arguing that rising valuations at peer companies lift the broader ecosystem rather than cannibalize it. He pointed to UTXO Managements investments in both Capital B and Metaplanet as a concrete expression of that philosophy — a structure that blurs the line between investor and collaborator.　　LeClair echoed the sentiment, arguing that Bitcoin differs from virtually every other industry in that participants actively share strategies and build on each others work. Laizet opened his remarks by thanking his fellow panelists and calling them inspirations in advancing corporate adoption — language that would be striking at almost any other industry conference.　　Institutional barriers constrain bitcoin　　Despite the optimism, the panel was candid about the

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