Author: boss

Aave Pitches Two Solutions to Resolve Kelp DAO Hack Dilemma

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Decentralized lending platform Aave’s risk management provider has outlined two scenarios on how bad debt from the Kelp DAO exploit over the weekend could impact the ecosystem, depending on how the losses are allocated. The incident began on Saturday when hackers stole 116,500 Kelp DAO Restaked ETH (rsETH) tokens worth $293 million from Kelp DAO’s LayerZero-powered bridge and used them as collateral on Aave V3 to borrow wrapped Ether (wETH). On Monday, LlamaRisk modeled two possible scenarios for how this “bad debt” could materialize on Aave, noting that the final…

Ethereum Price Rebound At Risk, Failure Signals Could Emerge Soon

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Ethereum price started a recovery wave from the $2,250 zone. ETH is now consolidating and might fail to extend gains above the $2,360 resistance. Ethereum started a recovery wave from the $2,250 zone. The price is trading below $2,340 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,360 zone. Ethereum Price Faces Resistance Ethereum price tested the…

Bitcoin Price Eyes Fresh Upside, Traders Watch For Breakout Move

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Bitcoin price started a recovery wave from the $73,650 zone. BTC is consolidating and might struggle to clear the $76,500 resistance zone. Bitcoin managed to form a base above $74,000 and started a recovery wave. The price is trading above $75,000 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $75,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $76,500 zone. Bitcoin Price Aims Higher…

Here Is What That Means For Users

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Aave has shed more than 23% of its value since Friday, and the protocol that bills itself as DeFi’s most trusted lender is now managing the fallout from one of the most disruptive exploits in its history — even though its own code was never touched. Related Reading The attack unfolded through a bridge vulnerability rather than a flaw in Aave itself. Attackers exploited Kelp’s bridge to obtain $292 million in stolen rsETH, then used it as collateral on Aave V3. Because Aave had accepted rsETH as a legitimate collateral…

US Lawmakers Urged to Advance CLARITY Act as Digital Chamber Pushes Senate Markup – Bitcoin News

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Key Takeaways: The Digital Chamber increased pressure on Senate leaders to move the bill to markup. Senate Banking faces mounting urgency as the CLARITY Act remains stalled after House approval. Industry groups expect the next phase to accelerate digital asset oversight efforts. Senate Leaders Face Growing Pressure U.S. digital asset legislation faced renewed pressure on April 20 as blockchain trade association The Digital Chamber urged Senate leaders to move market structure talks into a formal markup stage. The group sent a letter to Senate Banking Committee Chairman Tim Scott and…

This Surge Above $78,000 Should Not Be Trusted

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The latest Bitcoin (BTC) price rebound above $78,000 has sparked renewed optimism across the market, as investor sentiment has flipped bullish. However, not all market watchers are convinced that the momentum will last. Crypto analyst Marmot is warning that the recent price surge may be masking deeper weakness underneath, urging investors and traders not to trust it. As bullish forecasts continue to spread across the market, Marmot believes traders may overlook signals that often precede sharp reversals and major shifts in market direction.  Why Bitcoin’s Rally Above $78,000 Could Be…

Bitcoin price eyes channel top as 4H MACD turns bearish

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Bitcoin price is at $76,466 on April 20, pressing the upper boundary of a 4H ascending channel from the February lows while the MACD simultaneously prints a bearish crossover on the same timeframe, creating a directional tension that will define the nearterm trajectory heading into the FOMC meeting on April 28. Summary Bitcoin price is at $76,466 on April 20, up 0.99% on the 4H session, pressing the upper trendline of a 4H ascending channel that has been intact since the February lows near $59,000. The 4H MACD (12,26,9) has…

50M NEO tokens could be ‘given back’, 53 DeFi projects infiltrated: Asia Express

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Everything that happened in crypto news in Asia over the past seven days: Asia Express. In this edition Neo co-founder floats $461 million governance reset Over 50 projects flagged in DPRK infiltration sweep Pakistan lifts crypto banking ban under strict regulatory limits Ledger device that drains funds sold in Chinese marketplace South Korea trials tokenized deposits for controlled public spending Naver moves to fold Upbit operator into fintech arm ahead of IPO Tokyo funds yen stablecoin use cases to boost global finance push SBI Remit taps Ripple tech to expand…

Binance Top Traders Quietly Build Dogecoin Long Exposure

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Binance’s top traders are leaning more aggressively toward the long side in Dogecoin, even as broader price action remains muted. Data shared by CryptoQuant verified author CW on a 4-hour basis, along with an additional 24-hour Coinglass snapshot reviewed for NewsBTC, points to the same underlying trend: large traders on Binance are building bullish exposure to DOGE. CW framed the move in simple terms: “Amidst the current sluggish trend, Binance top traders are increasing their long positions on DOGE. They are quietly increasing their bets on a rise in DOGE.”…

Last Week Tonight‘s John Oliver Says he Won‘t Placate Prediction Markets

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John Oliver, host of HBO’s Last Week Tonight, targeted prediction market platforms on his show’s latest weekly deep dive. In Sunday’s airing of the HBO show, Oliver discussed some of the trivial event contracts on platforms such as Kalshi and Polymarket, including betting whether members of the Trump administration would use certain words in public addresses, to the companies’ controversial partnering with news organizations.  Specifically, the host questioned Donald Trump Jr.’s relationship with both platforms — an adviser to Kalshi and Polymarket — and how the US Commodity Futures Trading…