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According to Kelp DAO's announcement on Tuesday, the protocol blamed LayerZero for approving a risk configuration that allowed a $292 million exploit to occur on April 18. Kelp stated that LayerZero personnel approved the setup of a 1-of-1 verification system—relying on a single entity to authenticate cross-chain transactions—without warning about security risks. The protocol is redesigning its cross-chain system and will move rsETH to Chainlink's cross-chain interaction protocol, which requires multiple independent validators.
Approximately $71 million in crypto assets related to the exploi
ZRO0.13%
LINK4.49%
ARB3.32%
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According to Kelp DAO's announcement on Tuesday, the protocol blamed LayerZero for approving a risk configuration that allowed a $292 million exploit to occur on April 18. Kelp stated that LayerZero personnel approved the setup of a 1-of-1 verification system—relying on a single entity to authenticate cross-chain transactions—without warning about security risks. The protocol is redesigning its cross-chain system and will move rsETH to Chainlink's cross-chain interaction protocol, which requires multiple independent validators.
Approximately $71 million in crypto assets related to the exploi
ZRO0.13%
LINK4.49%
ARB3.32%
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According to CoinDesk 20, Bittensor (TAO) increased by 4.1% over the weekend, while Chainlink (LINK) also rose by 2.7% since Friday as both tokens are among the best-performing assets in the index.
TAO2.63%
LINK4.49%
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According to The Block, on May 1st, lawyers representing North Korea's extortion victims sent a temporary restraining order to Arbitrum DAO, aiming to prevent the release of 30,766 ETH (~$71.1 million) that the Arbitrum Security Council froze on April 20th following the Kelp DAO hack. The notice states that Arbitrum DAO is the seized party, considering the frozen ether as assets subject to three unfulfilled U.S. court rulings against North Korea, totaling over $877 million, based on the argument that Lazarus Group stole funds on behalf of North Korea in Pyongyang.
Arbitrum DAO held a vote on A
ETH0.72%
ARB3.32%
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According to the Q1 2026 business results announcement, WisdomTree's cryptocurrency exchange-traded products (ETPs) recorded a net inflow of $137 million in the first quarter of this year. The total managed cryptocurrency ETP assets increased to approximately $1.8 billion in Q1 2026. The company also launched new cryptocurrency ETPs tracking Bitcoin, Ethereum, XRP, and Solana during the quarter, while expanding into tokenized real-world assets across multiple blockchain networks including Ethereum, Arbitrum, Avalanche, Base, Optimism, and Stellar.
BTC1.41%
ETH0.72%
XRP1.58%
SOL2.73%
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As of the publication date, Arbitrum governance is voting on a proposal to release 30.765 ETH (approximately $71 million) that was frozen by the Arbitrum Security Council on April 21 after the Kelp DAO exploit. The proposal, co-authored by Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound, has received 100% support from the votes, totaling 34.2 million ARB. The voting period will end next Thursday.
If approved, the funds will be transferred to a recovery address secured by Gnosis Safe under a 3-out-of-4 mechanism, with signatories including Aave Labs, Kelp DAO, Certora, and EtherFi. The
ARB3.32%
ETH0.72%
AAVE1.46%
COMP-0.5%
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According to Benchmark analyst Mark Palmer in a report on Wednesday, Strategy raised approximately $3.5 billion in early April through the issuance of preferred shares STRC. More than 85% of the proceeds were deployed to purchase 51,364 bitcoins. Palmer refuted claims that the perpetual preferred stock with variable interest is a "Ponzi scheme" scam, arguing that Strategy "turns yield-seeking demand into long-term bitcoin exposure" through a "deliberate and sustainable" model. The company currently holds 818,334 BTC worth approximately $62.5 billion and has returned to an unrealized profit of
BTC1.41%
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According to BlockBeats, on April 30th, Machi X suffered a weekly loss of $3.94 million as a market downturn triggered partial liquidations of its Bitcoin and Ethereum holdings overnight. The total value of the fund's positions dropped to $29.06 million, with ETH liquidation price at $2,188 and BTC liquidation price at $72,143.1. Machi X urgently closed many long positions during the rapid decline but faced forced liquidations before recovering its positions a few hours later.
BTC1.41%
ETH0.72%
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Gate News, April 28 — According to Santiment, a cryptocurrency analytics platform, the Ethereum network is approaching 190 million users for the first time in history, marking a significant milestone in blockchain adoption.
Bitcoin (BTC) follows with around 60 million users.
In addition to ETH and BTC, Santiment's data shows the number of users for other major cryptocurrencies: Tether (USDT) on Ethereum has 13.6 million users, Dogecoin (DOGE) has 8.3 million, XRP has 7.8 million, USD Coin (USDC) has 6.8 million, Cardano (ADA) has 4.6 million, and Chainlink (LINK) has 871 thousand users.
ETH0.72%
BTC1.41%
DOGE4.33%
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News from Gate News, April 27 — U.S. Attorney General Todd Blanche said on Monday at the Bitcoin 2026 conference that the Department of Justice has "fundamentally changed the game" in how it approaches regulating cryptocurrency developers.
Speaking alongside FBI Director Kash Patel, Blanche stated that developers who do not support third parties engaging in criminal activity will not be investigated or prosecuted.
Blanche's remarks aim to address concerns raised by the legal director of a leading digital asset platform about how developers should interpret DOJ enforcement policies, amid on
BTC1.41%
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Gate News Update, April 27 — An on-chain analyst monitoring SOL staking activity has detected a large whale withdrawing 300,000 SOL (approximately $26.07 million) in the past 30 minutes and transferring these tokens to a major CEX.
This withdrawal was tracked by analyst Yujin, who identified that a large-scale withdrawal from the staking protocol occurred, followed immediately by a transfer to a centralized exchange.
SOL2.73%
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Gate News News, April 25 — Bitwise's XRP ETF has emerged as a clear market leader in the expanding space of XRP-related investment products, attracting steady net inflows while competing funds struggle to maintain momentum.
According to the Xaif Crypto market tracking tool, Bitwise's XRP ETF recorded net inflows during a single trading session, making it the only fund in its group to see growth during that period.
The total net inflows into Bitwise's XRP ETF have now reached $426 million.
Trading volume of XRP ETFs has surged significantly this month, with daily trading volume exceeding
XRP1.58%
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Gate News, April 25 — Morgan Stanley's Bitcoin fund (MSBT), a spot Bitcoin exchange-traded fund issued by Morgan Stanley, added 120.413 BTC worth approximately $9.35 million to its on-chain wallet five hours ago, according to Arkham data. The fund's total Bitcoin holdings currently stand at 1,834 BTC, valued at approximately $142 million.
BTC1.41%
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Gate News, April 24 — According to data from Coinglass, the eight-hour average funding rate of Bitcoin across the network has turned negative at -0.0074%.
Among major exchanges, the funding rates vary: one platform reports -0.0038%, another platform -0.0048%, a third platform -0.0034%, and a fourth platform at -0.0081%.
BTC1.41%
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Gate News message, April 23 — Over the past 30 days, according to CryptoQuant data, long-term Bitcoin holders have increased their holdings by 303,000 BTC, while short-term holders have reduced their positions by 290,000 BTC.
BTC1.41%
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News from Gate News, April 22 — According to on-chain analyst Ai姨, the whale account @Jason60704294 has reopened a long position on Bitcoin, depositing 717.491 BTC at $75,731.7, worth approximately $54.33 million. The shared screenshot of the whale appears incomplete, indicating the actual position size could be larger.
On April 14, the account's previous long position was liquidated at $73,500 with a loss of about $5 million, although this also helped it avoid potential losses from a subsequent market rebound.
BTC1.41%
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Gate News Message, April 20 — Digital asset investment products recorded $1.4 billion in inflows last week (April 14-20), marking the third consecutive week of positive flows and the highest weekly total since January. The breakout reflects renewed market sentiment as geopolitical tensions ease and Bitcoin surpasses $76,000, signaling a technical shift after several weeks of sideways trading. March inflation data continues to support this trend, with CPI at 3.3% and core inflation at 2.6%; both are believed to be driven more by supply factors than systemic issues, thereby easing pressure on ri
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Message from Gate News, April 19 — On-chain analyst ZachXBT has identified six altcoins exhibiting "very suspicious" price movements similar to the recent RAVE token manipulation case. The flagged tokens include SIREN, MYX, COAI, M, PIPPIN, and RIVER. ZachXBT stated that the RAVE incident is just one of the clearest examples of a broader market manipulation issue.
The analyst calls on centralized exchanges to respond more quickly to such manipulative activities, noting that although manipulation is difficult to detect, late intervention can lead to significant losses for retail investors.
RAVE-9.35%
SIREN-1.63%
MYX2.1%
COAI-0.61%
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Gate News message, April 19 — The LayerZero-based cross-chain bridge of Kelp DAO was exploited in an attack resulting in the theft of 116,500 rsETH, valued at approximately $292 million and accounting for about 18% of the token's total circulating supply.
This incident marks the largest DeFi attack of 2026 to date, according to CoinDesk.
In response to the exploit, several protocols have implemented protective measures. Aave, SparkLend, and Fluid have frozen the related rsETH markets, while Lido Finance has temporarily paused new deposits for its earnETH product.
Kelp DAO stated that th
ZRO0.13%
AAVE1.46%
FLUID1.85%
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Gate News message, April 18 — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License No. 135 on April 17, authorizing the handling of certain energy transactions involving Russia that are affected by sanctions. The license permits shipments, sales, “safe harbor” arrangements (safe harbor), emergency repairs, and environmental impact mitigation measures for Russian crude oil and petroleum products that were scheduled before April 17, Eastern Time. All authorized transactions must be completed before May 17.
This temporary authorization allows for
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