Bitget Launches Tokenized Stocks Platform
@Bitget launched Reality, a platform for tokenized stocks backed 1:1 by U.S. securities, with plans to expand into ETFs and bonds as SEC reviews frameworks. #Update #Crypto
Decentralized finance (Defi)
Ethereum Deposit Sparks $6.5B Eigencloud Paradox
Kraken deposited $1.07M in ETH into Eigencloud, highlighting institutional interest despite EIGEN token’s 96% drop from its all-time high. #Update #Crypto
Bitcoin Collateral Vote: Aave DAO Decides
Babylon Labs proposed Aave DAO accept native BTC as collateral via Trustless Bitcoin Vaults on Aave V4, potentially boosting $5B WBTC demand. #Update #DeFi $BTC
Bitcoin Wallet Sells at $54 Buys $62
Arthur Hayes-linked wallet sold 115,453 $HYPE at $54.81 and repurchased 85,714 at $62.69; HYPE hit a record high of $64.24. #Update #Crypto
Wintermute Launches $10B DeFi Lending Network
Wintermute launches Armitage on Morpho with two USDC vaults, enhancing DeFi lending with institutional risk management and liquidity. Plans include cross-chain expansion. #Update #DeFi
Galaxy Digital Launches $125M DeFi Yield Fund
Galaxy Digital and Sharplink launch a $125M DeFi yield fund, with Sharplink contributing $100M and Galaxy managing the pool for ETH returns. #Update #DeFi $ETH
Chainlink CCIP Gains Nearly $1B from Layerzero
Solv Protocol moves $700M in tokenized Bitcoin from Layerzero to Chainlink CCIP after a $292M exploit at KelpDAO, impacting DeFi bridging infrastructure. #Breaking #Crypto $LINK
Ethereum Exploit: KelpDAO Moves $300M to Chainlink
Lazarus Group stole $300M in rsETH from Layerzero’s infrastructure. KelpDAO blames Layerzero, migrating to Chainlink CCIP for security. #Breaking #Crypto $LINK
AI Agents to Dominate by 2028
Nansen predicts AI agents will dominate crypto investments by 2028, reshaping DeFi liquidity and trading structures. This shift parallels software engineering’s move to automation. #Update #Crypto
Pharos Surges to $1B on Mainnet Launch
Pharos Network launches Pacific Ocean Mainnet and $PROS token, achieving a $1B valuation with GCL New Energy partnership and $44M Series A funding. #Update #Crypto
Solana Protocol Shuts Down After $8M Exploit
Carrot shuts down after $285M Drift exploit; users have until May 14 to withdraw funds before forced deleveraging. Drift recovery via IOU token based on April 1 snapshot. #Breaking #Crypto $SOL
DeFi Faces MiCA Compliance Challenge
MiCA Decoded series by LegalBison highlights that MiCAR’s “fully decentralized” exemption is rare, emphasizing the need for compliance in DeFi projects. #Update #Legal
Aave V3 Boosts USDC Rates Post Exploit
Circle’s Chief Economist proposes raising USDC’s Aave V3 Slope 2 rate to 50% after a $292M KelpDAO exploit drained liquidity. AAVE token fell 20-26%.
Ethereum Markets Hit by Kelp rsETH Hack
An attacker exploited Kelp’s Layerzero V2 bridge, minting 116,500 rsETH, causing $123.7M-$230.1M in bad debt across markets. Aave DAO treasury holds $181M. #Breaking #Crypto #AAVE