The KelpDAO exploit allowed an attacker to siphon unbacked rsETH tokens and deposit them into Aave, triggering one of the sharpest liquidity contractions in recent DeFi history, according to the latest Cryptoquant report dubbed the “ DeFi Contagion.” Key Takeaways: The KelpDAO exploit on April 18, 2026, exposed Aave to an estimated $124M-$230M in bad […]
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Bitcoin Mining Profit Guide April 2026: 14 ASIC Rigs Compared at $0.04 Per kWh
On Thursday, April 23, Bitcoin’s hashprice stood at $36.46 per petahash per second, and every one of the 14 top-ranked ASIC miners tracked in current profitability data is generating positive daily returns for operators paying $0.04 per kilowatt-hour. Key Takeaways: Bitcoin’s hashprice hit $36.46 per PH/s on April 23, 2026, keeping all 14 tracked ASIC […]
Read MoreBeyond the Breach: Why rsETH’s Depegging Demands a New Standard for Bridge Security
Following a breach by suspected North Korea-backed hackers, KelpDAO’s liquid restaked token, rsETH, depegged from ether. Flare CPO Filip Koprivec argues that the rsETH incident proves bridge security must be treated as a core component of collateral risk management. Key Takeaways: rsETH depegged to $1,723 on April 23 after KelpDAO suffered a breach by suspected […]
Read MoreBitcoin ETFs Add $336 Million as Ether Extends 10-Day Streak
Bitcoin extended its inflow streak with significant volume and a $336 million inflow, while ether’s inflow run hit its 10th day. XRP edged higher, and solana saw no inflows for the second day in a row. Key Takeaways Bitcoin exchange-traded funds (ETFs) added $335.8 million on April 22, led by Blackrock IBIT, extending a 7-day […]
Read MoreCircle Economist Proposes Higher USDC Rates on Aave V3 After KelpDAO Exploit
Gordon Liao, Circle’s Chief Economist, submitted a governance proposal on April 22, 2026, calling on Aave to raise USDC borrow rates sharply on its V3 Ethereum Core market after a $292 million exploit against KelpDAO left the pool functionally frozen for four consecutive days. Key Takeaways: Circle’s Chief Economist Gordon Liao proposed raising USDC’s Aave […]
Read MoreBitcoin Retreats From $79K Peak as Middle East Economic Warfare Intensifies
Bitcoin’s momentum stalled on Thursday as the asset retreated from a peak of $79,500 to consolidate around $78,000. This 1.2% dip marked the cryptocurrency’s first 24-hour loss in several days, resulting in a $10 billion decline in total market capitalization. Key Takeaways: On April 23, bitcoin dipped to $77,201 after failing to sustain its $79,500 […]
Read MoreDeclare Your Crypto or Face Jail: South Africa’s Aggressive New Capital Flow Rules
South Africa’s proposed capital flow management regulations 2026 introduce strict new requirements for travelers entering or leaving South Africa with cryptocurrency. Key Takeaways South African Treasury draft rules require visitors to declare crypto or face up to 5 years in prison. New 2026 capital flow laws grant officials invasive powers to search devices for Bitcoin […]
Read MoreIllinois Governor Bars State Employees From Insider Bets on Prediction Markets
Illinois Governor JB Pritzker has signed an executive order prohibiting state employees from using nonpublic information to participate in prediction markets and event-based contracts. The order arrives while Illinois contests a federal lawsuit filed by the Commodity Futures Trading Commission (CFTC) seeking to block state enforcement against CFTC-registered prediction market operators. Key Takeaways: Illinois EO […]
Read MoreStrait of Hormuz Blockade: Trump Says No Ship Moves Without US Navy Approval
President Donald Trump declared Thursday that the United States has total control over the Strait of Hormuz and that no ship can enter or leave without U.S. Navy approval. Key Takeaways: President Trump declared on April 23, 2026, that the U.S. Navy has sealed the Strait of Hormuz pending an Iran deal. Iran seized two […]
Read MoreCLARITY Act Gains New Urgency as More Than 100 Crypto Organizations Urge Senate Action
Crypto market structure legislation is gaining urgency as U.S. industry groups press Congress to act. Faster movement on the CLARITY Act could shape regulation, investment, and America’s position in digital finance. Key Takeaways: Over 100 organizations back CLARITY Act, pushing faster U.S. crypto legislation. Coinbase, Ripple, and Circle among signatories warning delays risk weakening U.S. […]
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