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Participants across the DeFi ecosystem have united to cover the rsETH shortfall (more than 100,000 ETH) and $195 million in bad debt on Aave after the Kelp DAO bridge exploit. Proposed measures and reserve fund contributions: 🟢 Mantle — discussing a three-year 30,000 ETH loan to Aave DAO, secured by tokens and 5% of protocol revenue. 🟢 EtherFi — plans to contribute 5,000 ETH. 🟢 Stani Kulechov, CEO of Aave — will donate 5,000 ETH from personal funds. 🟢 Lido — voting to allocate up to 2,500 stETH ($5.8 million), but only if full fundraising is achieved. Ethena, LayerZero, and Ink Foundation are also participating in the recovery effort and recapitalization of rsETH.

📊 crypto prices: BTC ≈$77,781 ETH ≈$2,309 SOL ≈$85.83 BNB ≈$637 XRP ≈$1.432 Market cap ≈$2.59T Fear & Greed Index: 44 (“Neutral”) Altseason Index: 37

Tether froze nearly $335 million in USDT across two addresses on the Tron network. This is the largest freeze in the history of Tether. The funds were held in two wallets on the Tron network and were linked to sanctions evasion and fraudulent schemes. The action was carried out at the request of authorities. Overall, Tether has frozen more than $4.4 billion while cooperating with over 340 agencies across 65 countries.

H100 Group has signed an agreement to acquire two Norwegian companies — Moonshot and Never Say Die — which would reportedly increase its Bitcoin reserves to 3,500 BTC. The deal is structured as a share-for-share transaction with no cash payments, based on a “bitcoin-for-bitcoin” principle, meaning ownership stakes are determined by the amount of BTC contributed.

Satoshi Nakamoto remains the largest Bitcoin holder on the planet, with 1.12 million BTC that have not moved for 16 years. The top 15 also includes two companies (Strategy and Tether), one government (the United States), three ETFs, seven centralized exchanges, and one DeFi protocol.

Pornhub has replaced USDT with USDC for creator payouts. According to an email, the move is intended to improve payment reliability, with USDC described as a regulated stablecoin compliant with MiCA requirements. USDT has been removed from the list of payout currency options.

The total historical transaction volume of USDC has surpassed $80 trillion!

CryptoQuant analysts described the current BTC rally as speculative, since it is being driven exclusively by demand in the perpetual futures market. Meanwhile, demand in the spot market continues to decline. A similar pattern was seen in January, when the price peaked at $98,000. Accordingly, if traders begin taking profits, the risk of a correction could increase.

📊 crypto prices: BTC ≈$77,838 ETH ≈$2,329 SOL ≈$85,95 BNB ≈$636 XRP ≈$1,42 Market cap ≈$2,6T Fear & Greed Index: 59 ("Neutral") Altseason Index: 33

Justin Sun has filed a lawsuit against World Liberty Financial. The complaint alleges that the project unfairly froze his assets in WLFI, provided false information, and threatened Sun while damaging his reputation.

The Kelp DAO hack led to $11.7 billion in outflows from Aave. At the peak of the panic on April 18, more than $1.95 billion was withdrawn from the protocol in a single hour, and the first three days after the exploit became the largest single-day outflow events in Aave’s history.

⚠️ The security team at Bybit has identified a malware campaign targeting macOS users searching for “Claude Code.” The campaign uses SEO poisoning to redirect victims to fake installation pages designed to steal crypto wallet credentials and gain remote access to devices. Stay cautious.

Polymarket has announced early access to perpetual futures.

📊 crypto prices: BTC ≈$78,249 ETH ≈$2,404 SOL ≈$88,61 BNB ≈$643 XRP ≈$1,45 Market cap ≈$2,62T Fear & Greed Index: 61 ("Greed") Altseason Index: 36

Nearly all companies with crypto treasuries are currently at a loss or around break-even, with only two exceptions. Strategy has moved into profit (+$357 million). Hyperliquid Strategies is also holding up relatively well. Data: Artemis

This year, Strategy has bought nearly 18 times more Bitcoin than all spot ETFs combined.

Stablecoins account for more than 68% of all listings on the 12 largest centralized exchanges — a total of 9,870 trading pairs. Of those, USDT and USDC make up 97.7%.

Over the past 10 years, more than $17 billion has been stolen from cryptocurrency platforms in 518 hacking attacks.

After the fund freeze on Arbitrum, the Kelp DAO hacker began moving crypto into the Bitcoin network through THORChain.

Arbitrum froze 30,765 ETH ($70 million) belonging to the Kelp DAO hacker. Earlier today, the Arbitrum Security Council reportedly executed a special system transaction from the hacker’s wallet using a privileged transaction type: ArbitrumUnsignedTxType (EIP-2718 type 0x65 / 101). Through this transaction, 30,765 ETH was moved to the 0x0000…DA0 address without using the private key controlled by the attacker. Arbitrum did not reorganize blocks or rewrite blockchain history — the chain’s order remained intact. Instead, the Security Council used a privileged state-override transaction built into ArbOS, a mechanism that had effectively never been publicly used before. Functionally, this was a state-level recovery: the attacker’s private key could still sign transactions, but the ETH balance was reassigned by the council. This mechanism is reserved in Arbitrum’s progressive decentralization framework for “catastrophic” emergencies, requiring a 12-of-N Security Council action, and this is one of the clearest public demonstrations of its use.