DeFi United Moves to Restore rsETH Backing After $292M Exploit

DeFi United, a recovery coalition tied to Aave (AAVE), has detailed its plan to restore backing for rsETH after the April 18 exploit of Kelp DAO‘s cross-chain bridge. The attack released 116,500 rsETH—worth $292 million at the time—without proper burning on the source chain, creating a backing shortfall. The group’s technical roadmap proposes converting committed ETH into rsETH and depositing it into the affected bridge lockbox, enabling the bridge to resume operations.  The Kelp exploit, attributed to North Korea‘s Lazarus Group, exploited a security flaw in Kelp’s single-verifier bridge design. The drained rsETH was later used as collateral on platforms like Aave and Compound, generating systemic bad debt. As of now, seven attacker-linked addresses still hold 107,000 rsETH-backed positions.  To recover these funds, DeFi United plans to adjust the rsETH oracle price temporarily, liquidate exploiter positions in a controlled manner, and redeem the rsETH for ETH. The recovered ETH will be used to clear deficits in affected protocols. However, the plans success hinges on governance approvals, DAO votes, and the attacker not interfering with the liquidation process.  Ethereum Community Rallies Behind Recovery  Key Ethereum ecosystem players have stepped in to support the recovery effort. Consensys and its co-founder Joe Lubin have committed up to

04-29

Trump extends Israel-Lebanon ceasefire as Hezbollah launches rockets

Tech  Trump extends Israel-Lebanon ceasefire as Hezbollah launches rockets  US President Donald Trump announced a three-week extension to the Israel-Lebanon ceasefire, initially set to expire April 27. Meanwhile, Hezbollah launched a heavy rocket attack into northern Israel. The ceasefire extension market for April 26, 2026, sits at 99.8% YES.  Market reaction  Trump‘s extension announcement pushed the Israel x Hezbollah ceasefire extension market to near certainty. The April 26 sub-market barely moved on the news, with traders already pricing in the extension’s credibility. Over the past week, this market spiked from 68% to 100%, even as Hezbollah launched rockets into northern Israel.  The Israel x Hezbollah ceasefire by June 30 market tells a different story. A formal ceasefire by the end of June remains a long shot, with odds weighed down by ongoing tensions and no disarmament agreement in place. Traders are pricing in the real possibility of further escalations alongside whatever diplomatic efforts continue.  Why it matters  Trading volume on the ceasefire extension market is $3.1M in USDC daily. Moving the odds by 5 percentage points would require over $1.6M, a sign of strong liquidity and institutional participation. The largest recorded price move was a 50-point drop, likely reflecting earlier skepticism before Trumps announcement reversed sentiment.  What to

04-29

Bitcoin (BTC) trading volume is falling fast. That rarely ends smoothly: Crypto Daily

Bitcoin Crypto  Bitcoin (BTC) trading volume is falling fast. That rarely ends smoothly: Crypto Daily  Even as calls for bitcoin to rally further are growing, participation in the spot market is cooling, leaving the door open for erratic price action.  Trading volume, the dollar value of BTC changing hands in a day, has recently dropped to less than $8 billion, according to Glassnode. Thats the lowest since October 2023, when bitcoin was less than $40,000. Volume has been declining since hitting highs above $25 billion in early February.  “Such low volume environments often coincide with reduced market depth and heightened sensitivity to flow shifts,” Glassnode said.  Market depth, typically measured by looking at buy and sell orders within 2% of the current price, is widely used to assess liquidity, or the ability of the market to absorb large orders at stable prices.  When market depth shrinks, it means a few large orders can move prices significantly. In other words, the declining volume might end up boosting market volatility, though options traders do not seem to be considering that scenario for now.  Volmex‘s BVIV index, which measures BTC’s expected 30-day price swings, has dropped to three-month lows below an annualized 42%. Clearly, traders are positioned for calm, not

04-29

Bitcoins Upside Capped by $82K Sell Wall as UAE’s OPEC Exit Triggers Risk Sell-Off

In briefBitcoins recovery rally is capped between $80,400 to $82,000 due to a confluence of massive sell orders, CME gap, and key technical levels.The UAEs OPEC exit raises oil volatility risk rather than confirming a supply surge, keeping inflation and rate expectations uncertain.Analysts see Bitcoin oscillating between $74,000 and $82,000 near-term, with de-escalation and a Fed pivot needed for a sustained breakout.  Bitcoin retreated on Tuesday as the United Arab Emirates announced it would exit OPEC effective May 1, sending oil prices surging and rattling financial markets already navigating the geopolitical fallout of the U.S.-Israel conflict with Iran.  The UAEs departure ended its 59-year membership in the oil cartel and sent Brent crude climbing roughly 6% to above $103 per barrel.  dropped from $79,260 on April 27 to an intraday low of $75,849 on Tuesday, according to CoinGecko data, and is currently trading at around $77,000. The S&P 500 shed nearly 1% from Tuesday‘s local high of 7,213 as oil’s climb above $103 weighed on risk assets.  On prediction market Myriad, owned by Decrypt‘s parent company Dastan, users see a 75% chance that crude oil’s next major move takes it to $120 per barrel, up from 62% on Monday.  But even before Tuesday‘s macro shock,

04-29

AUD/USD: Consolidation below resistance – UOB

Finance  AUD/USD: Consolidation below resistance – UOB  UOBs strategists Quek Ser Leang and Lee Sue Ann note AUD/USD is consolidating after failing to extend gains beyond 0.7200, trading instead between 0.7151 and 0.7195 and closing near 0.7183. They expect a 0.7155–0.7200 intraday band, while the 1–3 week view allows for further upside toward significant resistance at 0.7225, provided support at 0.7140 holds.  Aussie consolidates under 0.7225  “24-HOUR VIEW: After AUD soared to a high of 0.7200 two days ago, we highlighted the following yesterday: ”While strong momentum suggests further AUD strength, conditions are deeply overbought, and AUD may not reach the significant resistance 0.7225, with minor resistance at 0.7210.“ Our assessments were incorrect, as instead of strengthening further, AUD traded between 0.7151 and 0.7195. AUD closed largely unchanged at 0.7183 (-0.04%). The price movements appear to be part of a consolidation phase. Today, we expect AUD to trade between 0.7155 and 0.7200.”  “1-3 WEEKS VIEW: We highlighted yesterday (28 Apr, spot at 0.7190) that AUD ”could continue to rise, any advance is expected to face significant resistance at 0.7225.“ We will continue to hold the same view as long as 0.7140 (no change in ‘strong support’ level) is not breached.”

04-29

Blockworks raises Series A extension at $192M valuation

Blockworks secures a $192M valuation as it pivots from news to data infrastructure, riding a VC shift toward bigger, late-stage crypto deals.Blockworks Series A extension lifts its valuation to $192M, up 42% from its 2023 $135M mark.The firm shuttered its news division in 2025 to focus on Blockworks Intelligence and institutional-grade crypto data.The raise comes as crypto VC flows consolidate into larger late-stage deals despite fewer overall rounds and mixed market performance.  Crypto data and research platform Blockworks completed a Series A extension financing round, reaching a post-money valuation of $192 million, according to CNBC. The round was co-led by ParaFi Capital and Reciprocal Ventures, with participation from Coinbase Ventures, Advancit Capital, MoonPay, and over 20 founders and operators from leading blockchain protocols including Solana, LayerZero, Pyth, EigenLayer, Kraken, Arbitrum, and Polygon.  The fundraise represents a 42% valuation increase from Blockworks initial $12 million Series A round in May 2023, which valued the New York-based company at $135 million. The latest capital injection arrives as Blockworks pivots from its traditional media operations toward becoming a comprehensive data and intelligence platform serving institutional crypto market participants.  Strategic Pivot to Data Infrastructure  Blockworks shuttered its flagship news division in October 2025, redirecting resources toward Blockworks Intelligence

04-29

Bitcoin Treasury Firm Strive Stock Gains As $12T Vanguard Buys More ASST Shares

Bitcoin  Bitcoin Treasury Firm Strive Stock Gains As $12T Vanguard Buys More ASST Shares  Bitcoin treasury company Strive (NASDAQ: ASST) stock price has surged following new institutional interest from Vanguard Group. The $12 trillion investment firm added to its stake in Strive via one of its core funds.  Vanguard Group Increases Stake In Bitcoin Treasury Firm Strive  The latest data reveals Vanguard‘s Total Stock Market Index Fund purchased 276,200 shares of ASST for a total value of $4.22 million. This acquisition brings the fund’s holdings to 1.72 million shares, valued at some $25.2 million.  The purchase also shows increased institutional support for companies using Bitcoin in their treasury management. Earlier, Vanguard Group doubled down on this strategy by snapping up $195 million worth of Strategys MSTR shares.  Data from the market showed ASST stock closing at $15.28 with an intraday decrease of 2.61% on Tuesday, April 28. However, in the pre-market trading on Wednesday, ASST was up 0.79% to $15.40 amid the Vanguard acquisition update. Previously, the gains went as high as 2.35% in the pre-market trading.  About Strives Latest BTC Acquisition  Moreover, Vanguards ASST stock purchase comes on the heels of Strives recent Bitcoin acquisition. Strive reported purchasing 789 BTC for an estimated $61.43 million, or an

04-29

Ripple Takes Over the Las Vegas Strip With XRP Billboards

Tech  Ripple Takes Over the Las Vegas Strip With XRP BillboardsRipple lit up Las Vegas with XRP billboards during the Bitcoin Conference.Slogans included Raise the Standard and poker-themed lines referencing the SEC legal battle.Garlinghouse posted Lock in and said all roads lead back to Ripples North Star, which is XRP.  Ripple made its presence impossible to miss in Las Vegas this weekend. Enormous digital billboards lit up Resorts World Las Vegas with glowing green XRP logos and pointed messaging, timed precisely to coincide with the Bitcoin Conference, running April 27 to 29, near the Venetian.  Ripple Treasury‘s campaign carried poker-themed lines, including “Less settling” and “Didn’t fold,” a reference to the companys years-long legal battle with the SEC that the industry understood immediately.  The broader brand campaign ran under the line “Raise the Standard.” Attendees sharing videos online captured the scale of the display, with XRP branding visible across one of the most heavily trafficked stretches of the Las Vegas Strip.  RippleX, the developer arm of the organization, also added its own message.  Garlinghouse Turns Up the Volume  CEO Brad Garlinghouse matched the outdoor campaign with an unusually direct social media push. Responding to a post by Reddit co-founder Alexis Ohanian about a CEO‘s responsibility to communicate

04-29

Copper: Macro risks cap upside potential – ING

Finance  Copper: Macro risks cap upside potential – ING  ING analysts highlight that Copper remains more sensitive to macro conditions than Nickel, with prices falling for a fourth day on geopolitical uncertainty and global growth concerns. They note some support from improving Chinese physical demand and tighter inventories, but stress that sustained Copper upside likely requires clearer easing of geopolitical risks and a more constructive industrial outlook.  Macro headwinds weigh on Copper  “Copper, meanwhile, remains more sensitive to the macro backdrop. Prices dropped for a fourth day, amid ongoing geopolitical uncertainty and concerns over global growth.”  “Although improving physical demand signals in China — including tighter inventories after post‑holiday restocking — are offering some support, overall sentiment remains fragile.”  “Sustained upside in copper is likely to depend on clearer signs of easing geopolitical risks and a more constructive outlook for industrial activity.”

04-29

Paul Tudor Jones: From BTC Inflation Hedge to Stock Bubble

Bitcoin  Paul Tudor Jones: From BTC Inflation Hedge to Stock Bubble  Billionaire investor Paul Tudor Jones, in his BTC detailed analysis, described bitcoin ($77,508.04, +%1.53) as the most effective inflation hedge and drew attention to the bubble risk in stock markets. Speaking on the Invest Like the Best podcast released on Tuesday, Jones emphasized that BTC‘s fixed supply makes it superior to traditional assets like gold. For stocks, he predicted that generating returns over the next decade would be “really difficult.” He noted that the S for example, central banks liquidity injections after the 2020 pandemic crash triggered inflationary processes. During this period, BTC became the most attractive opportunity because its total supply is capped at 21 million – gold, on the other hand, multiplies with new production every year. Turning to stock markets, the upcoming wave of public offerings (SpaceX, OpenAI, Anthropic) is causing concern; a decrease in stock buybacks could inflate supply. The US stock markets ratio to GDP has reached %252 and this level is approaching the 2000 peak of %270.  BTC Technical Analysis: RSI 59.44 and Sideways Trend  Joness analysis reveals the over-leveraged structure of stocks while reinforcing interest in scarce assets like BTC futures. Current data: RSI 59.44 (neutral),

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