AAVE-Led DeFi United Cleans Up Kelp Hack

Tech  AAVE-Led DeFi United Cleans Up Kelp Hack  A rare example of solidarity is being witnessed in the DeFi sector: The DeFi United coalition led by Aave has activated a comprehensive technical plan to clear the bad debts remaining from the Kelp DAO hack and re-establish the collateral behind rsETH tokens. The 116.500 rsETH stolen in the North Korean hackers‘ attack on April 18 represented 18% of the circulating supply, and these tokens were used as worthless collateral in AAVE detailed analysis and Compound protocols. The coalition plans to convert the committed ETH into rsETH in controlled stages to liquidate the hackers’ positions, followed by liquidations via governance-controlled oracle price adjustments. Under the plan, approximately 13.000 ETH from Aaves Ethereum and Arbitrum markets and 16.776 ETH from Compound are targeted for recovery.  Kelp DAO Hack Details and Coalition Support  The attackers had borrowed 82.650 WETH and 821 wstETH by posting 89.567 unsupported rsETH as collateral; this move put the protocols at serious risk. While the Arbitrum Security Council has already frozen 71,5 million dollars tracked to hacker addresses, the coalition has reached a total commitment of 303 million dollars in capital and credit as of Monday. Consensys and Joseph Lubin pledged support up to

04-29

LINK Price Prediction: $15.50 Target Within Weeks Despite Smart Money Selling Pressure

Market Context: Why LINK is Moving Now  Chainlink sits trapped in a technical no-mans land, trading exactly at its 20-day moving average while institutional analysts paint wildly different pictures. The oracle token has shed 22% from its 200-day average at $11.91, creating what multiple analysts view as a compelling accumulation zone. Yet the immediate price action tells a different story – LINK is grinding sideways with momentum flatlining.  The derivatives market reveals the underlying tension. Open interest surged 3.72% in 24 hours to $88.2 million, signaling increased positioning ahead of what traders expect to be a decisive move. However, the taker buy/sell ratio of 0.88 shows aggressive sellers are currently dominating, creating immediate headwinds for any rally attempt.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full LINK price, calculator & analysis  Indicator Alignment  The technicals present a mixed but increasingly bearish short-term setup. With RSI sitting at 51.15, momentum has stalled in neutral territory – neither oversold enough for a bounce nor overbought enough to signal rejection. More concerning is the MACD histogram flatlining at zero, indicating momentum has completely dried up after recent selling pressure.  LINKs position at 0.50 within the Bollinger Bands suggests the

04-29

CHZ Leaps to Solana and Base: Omnichain Revolution

Tech  CHZ Leaps to Solana and Base: Omnichain Revolution  Sports-focused blockchain Chiliz is jumping to Solana and Coinbases (COIN) Ethereum layer-2 network Base to rapidly grow its fan token ecosystem. The company is transitioning to an “omnichain deployment” model by moving over 70 tokens to these chains. According to the announcement made on the X platform on Tuesday, the Omnichain Fungible Token (OFT) standard is being activated. This allows tokens to maintain a single supply on every supported chain, eliminating the need for wrapped tokens or fragmented liquidity pools. The move shows Chiliz is moving away from its own layer-1 network in pursuit of broader access.  CHZ Omnichain Expansion and Fan Token Impact  Chiliz launched its own layer-1 network in 2023 to host token trading. Fan tokens stand out as innovative tools that transform sports clubs‘ fan communities into digital assets. Tokens from European football giants like Paris Saint-Germain, Barcelona, Manchester City, and Juventus, along with other teams, form the backbone of this ecosystem. Fans use these tokens to interact outside the stadium; they get chances to win exclusive rewards and voting rights on small decisions like players’ warm-up jersey colors. OFT technology will increase trading efficiency by unifying liquidity. For a detailed review,

04-29

AAVE-Led DeFi United Cleans Up Kelp Hack

Tech  AAVE-Led DeFi United Cleans Up Kelp Hack  A rare example of solidarity is being witnessed in the DeFi sector: The DeFi United coalition led by Aave has activated a comprehensive technical plan to clear the bad debts remaining from the Kelp DAO hack and re-establish the collateral behind rsETH tokens. The 116.500 rsETH stolen in the North Korean hackers‘ attack on April 18 represented 18% of the circulating supply, and these tokens were used as worthless collateral in AAVE detailed analysis and Compound protocols. The coalition plans to convert the committed ETH into rsETH in controlled stages to liquidate the hackers’ positions, followed by liquidations via governance-controlled oracle price adjustments. Under the plan, approximately 13.000 ETH from Aaves Ethereum and Arbitrum markets and 16.776 ETH from Compound are targeted for recovery.  Kelp DAO Hack Details and Coalition Support  The attackers had borrowed 82.650 WETH and 821 wstETH by posting 89.567 unsupported rsETH as collateral; this move put the protocols at serious risk. While the Arbitrum Security Council has already frozen 71,5 million dollars tracked to hacker addresses, the coalition has reached a total commitment of 303 million dollars in capital and credit as of Monday. Consensys and Joseph Lubin pledged support up to

04-29

Wheat futures hit 2-year high as Iran war disrupts fertilizer supply

Tech  Wheat futures hit 2-year high as Iran war disrupts fertilizer supply  Wheat futures have reached their highest level since 2024 amid a fertilizer crisis tied to the Iran war. The Polymarket contract for WTI Crude Oil hitting $160 by April 2026 sits at 0% YES.  Market reaction  The Strait of Hormuz, a major route for global fertilizer exports, is effectively closed. Gulf urea production has dropped sharply as a result. The fertilizer supply squeeze is pushing wheat prices higher and hitting global food markets. The WTI Crude Oil market for April 2026 prices in no chance of reaching $160, with traders skeptical of extreme oil price spikes even with ongoing supply disruptions.  Why it matters  With only two days left on the April contract, traders are not buying the idea that current geopolitical tensions will push oil to $160. The crude oil price predictions for June 2023 could see movement as the effects of the Straits closure become clearer. No active trading is visible in these markets right now, suggesting traders are waiting for more information.  Wheat prices are surging, but oil markets are not following. The fertilizer shock stems from broader disruptions to Gulf shipping, yet traders arent betting on immediate oil price spikes. For

04-29

LINK Price Prediction: $15.50 Target Within Weeks Despite Smart Money Selling Pressure

Market Context: Why LINK is Moving Now  Chainlink sits trapped in a technical no-mans land, trading exactly at its 20-day moving average while institutional analysts paint wildly different pictures. The oracle token has shed 22% from its 200-day average at $11.91, creating what multiple analysts view as a compelling accumulation zone. Yet the immediate price action tells a different story – LINK is grinding sideways with momentum flatlining.  The derivatives market reveals the underlying tension. Open interest surged 3.72% in 24 hours to $88.2 million, signaling increased positioning ahead of what traders expect to be a decisive move. However, the taker buy/sell ratio of 0.88 shows aggressive sellers are currently dominating, creating immediate headwinds for any rally attempt.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full LINK price, calculator & analysis  Indicator Alignment  The technicals present a mixed but increasingly bearish short-term setup. With RSI sitting at 51.15, momentum has stalled in neutral territory – neither oversold enough for a bounce nor overbought enough to signal rejection. More concerning is the MACD histogram flatlining at zero, indicating momentum has completely dried up after recent selling pressure.  LINKs position at 0.50 within the Bollinger Bands suggests the

04-29

US Dollar Index steadies near 98.50, all eyes on Fed rate decision

Finance  US Dollar Index steadies near 98.50, all eyes on Fed rate decision  The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.65 during the Asian trading hours on Wednesday. The DXY holds steady as traders await a closely watched US Federal Reserve (Fed) interest rate decision later on Wednesday.  The Fed is expected to hold the federal funds rate steady between 3.50% and 3.75%, where it has sat since January. This policy meeting is likely Chair Jerome Powells final session before a Fed Chair transition to nominee Kevin Warsh.  Traders will closely monitor Jerome Powells press conference after the rate decision for hints on how the Fed may react to the risks ahead. If the US central bank maintains a hawkish tone regarding persistent inflation, this could boost the US Dollar against its rivals in the near term.  “The question is what Powell is going to do, because he still holds the governor seat until 2028, so whether he chooses to resign after the expiry of the Chair term or if he stays on as a governor and as sort of a shadow Chair,” said Carol Kong,

04-29

CHZ Leaps to Solana and Base: Omnichain Revolution

Tech  CHZ Leaps to Solana and Base: Omnichain Revolution  Sports-focused blockchain Chiliz is jumping to Solana and Coinbases (COIN) Ethereum layer-2 network Base to rapidly grow its fan token ecosystem. The company is transitioning to an “omnichain deployment” model by moving over 70 tokens to these chains. According to the announcement made on the X platform on Tuesday, the Omnichain Fungible Token (OFT) standard is being activated. This allows tokens to maintain a single supply on every supported chain, eliminating the need for wrapped tokens or fragmented liquidity pools. The move shows Chiliz is moving away from its own layer-1 network in pursuit of broader access.  CHZ Omnichain Expansion and Fan Token Impact  Chiliz launched its own layer-1 network in 2023 to host token trading. Fan tokens stand out as innovative tools that transform sports clubs‘ fan communities into digital assets. Tokens from European football giants like Paris Saint-Germain, Barcelona, Manchester City, and Juventus, along with other teams, form the backbone of this ecosystem. Fans use these tokens to interact outside the stadium; they get chances to win exclusive rewards and voting rights on small decisions like players’ warm-up jersey colors. OFT technology will increase trading efficiency by unifying liquidity. For a detailed review,

04-29

AVAX Price Prediction: Institutional Accumulation Points to $13-16 Breakout Within 30 Days

Technical Neutrality Masks Underlying Strength  AVAX currently trades in a state of technical equilibrium that often precedes significant directional moves. The token sits just above its lower Bollinger Band at $8.94, while momentum oscillators remain neutral with RSI hovering near the midpoint. This consolidation pattern has compressed volatility to levels typically seen before major breakouts.  The clustering of key moving averages between $9.31 and $9.37 creates immediate resistance, but also establishes a clear breakout level. A sustained move above this zone would target the 200-day moving average at $12.52, representing a 36% advance from current levels.  Smart Money Accumulation Signal  Derivatives positioning reveals a stark contrast between institutional and retail sentiment. Professional traders maintain a 1.83 long-to-short ratio with 64.7% of positions betting on higher prices, significantly outpacing retails more modest 1.42 ratio. This divergence typically occurs when sophisticated capital accumulates during periods of retail uncertainty.  The taker buy-to-sell ratio of 1.63 on major exchanges indicates persistent buying pressure despite sideways price action. Combined with stable open interest levels, this suggests position building rather than profit-taking or forced liquidation.  Real World Asset Foundation  According to analysts at Blockchain.news, AVAXs $1.3 billion in Real World Asset total value locked provides fundamental backing that distinguishes it from purely speculative

04-29

Galaxy Digital Stock Jumps 5% Despite $216 Million Q1 Loss

Meanwhile, the firm said its $216 million net loss, alongside diluted and adjusted earnings per share of negative $0.49, largely reflected a roughly 20% contraction in the total cryptocurrency market capitalization during the first quarter.  Its Treasury and Corporate alone posted an adjusted gross loss of $140 million and an adjusted EBITDA loss of $167 million. Overall, the companys adjusted EBITDA loss narrowed to $188 million from $518 million in the previous quarter.  Digital Assets reported $49 million in adjusted gross profit. At the same time, its adjusted EBITDA came in at a loss of $19 million.  “Despite the pullback in digital asset prices and activity, adjusted gross profit remained broadly stable, reflecting a shift in the business mix as recurring fee revenue and transaction income continue to scale and provide greater resilience in softer market conditions,” the press release read.  Global Markets saw gross profit rise 3% quarter over quarter to $31 million. Asset Management and Infrastructure Solutions also contributed $18 million in adjusted gross profit during the first quarter of 2026.  The firm ended the period with approximately $5.0 billion in assets under management and $3.2 billion in staked assets, marking a decline driven by asset depreciation.  Despite the broader market downturn, the segment

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