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According to "on-chain detective" ZachXBT's post on platform X reviewing the previously disclosed suspected market manipulation incident involving RAVE, he stated that the RAVE token dropped from $26 to $1 in the past 24 hours. After calling for Binance, Bitget, and Gate to investigate the abnormal trading, the relevant platforms have gradually responded publicly.ZachXBT pointed out that RAVE was launched in December 2025, with an initial total supply of 1 billion tokens, of which about 95% is controlled by a few addresses, posing a high concentration risk. He discovered that some wallet addresses related to the RaveDAO team showed suspicious centralized exchange activity in April, which may contradict the team's claim of "not participating in price fluctuations." In addition to RAVE, several other tokens such as SIREN, MYX, and COAI have also recently exhibited similar suspicious trends.ZachXBT stated that he recognizes the significant losses this behavior causes to retail traders but still plans to investigate similar fluctuations in hopes of identifying the responsible parties. He also reiterated that he does not hold any RAVE positions; if he did, he would also be liquidated, and he cannot predict whether or when the exchanges will publicly comment.

Lido posted on platform X that the team is aware of the developments regarding the Kelp DAO security incident. Due to the current exposure of the earnETH product to rsETH, they have proactively suspended new deposits to earnETH and are working with relevant partners to assess the situation. More information will be disclosed based on future developments. Lido added that stETH and wstETH have not been affected by the rsETH incident, and this security issue does not involve the Lido staking protocol itself.

At the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum held in Hong Kong, guests including Sign partner Sarah, HashKey Chain Senior Business Development YuYi, Monad Greater China Ecosystem Head Harvey Chen, OmenX Chief Marketing Officer Gisele, and SVP Chain Market Head Celest engaged in a roundtable discussion on "The Revaluation of Crypto and the New Cycle."Regarding why they remain firmly invested in Crypto amidst the AI boom, Sarah pointed out that the hotter AI gets, the more use cases there are for Crypto assets, and future transactions between AI Agents will rely on digital assets. YuYi believes that the bear market is precisely the time for a thorough cleansing, with compliant RWA (such as Hong Kong's first physical silver token) being implemented, speculative assets being eliminated, and the era of on-chain infrastructure arriving. Harvey Chen stated that high-performance public chains are the foundation for supporting large-scale applications, and Monad is committed to this. Gisele noted that Crypto addresses fairness and value transfer, which complements AI's focus on efficiency. Celest emphasized that AI lacks a native value system and increasingly requires Crypto to provide value authentication and decentralized trust as it develops.On the changing understanding of Crypto's value, the guests unanimously agreed that the industry is shifting from "issuing tokens for the sake of issuing tokens" to pursuing sustainable business models, with a greater focus on capital efficiency, low costs, and 24-hour settlement as practical values. The value of public chains should be assessed based on real business scenarios and user transaction volumes, rather than narratives and financing.Regarding future growth engines and entrepreneurial advice, the guests generally expressed optimism about compliant RWA, AI payments, and sovereign blockchain directions, advising entrepreneurs to focus on real application scenarios, avoid empty concepts, and maintain a long-term construction mindset.

According to Coinglass data, if ETH breaks through $2,425, the cumulative short liquidation intensity on mainstream CEX will reach $808 million. Conversely, if ETH falls below $2,210, the cumulative long liquidation intensity on mainstream CEX will reach $332 million.

According to Coinglass data, if BTC breaks through $78,728, the cumulative short liquidation intensity on mainstream CEX will reach $995 million. Conversely, if BTC falls below $71,942, the cumulative long liquidation intensity on mainstream CEX will reach $716 million.

Today, the KelpDAO hacking incident has caused Aave approximately $177 million to $200 million in bad debt, prompting a large number of whales to withdraw funds from Aave for hedging purposes.According to Defillama data, as a result, Aave's TVL has continued to decline from about $22 billion this morning, now reported at approximately $20.7 billion, a decrease of about 21.6% from around $26.4 billion yesterday.

At the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum held in Hong Kong, guests including KiteAI's Asia Pacific head Laughing, Sentient's Asia Pacific head Anita, Brevis content director Nic Tang, Mentis product head Jerry, and Predict.fun's Asia Pacific BD head Ah Huang Ricardo engaged in a roundtable discussion on the theme "AI × Crypto --- The Next Generation Digital Economy Foundation."Regarding whether the outbreak of open-source AI Agents (such as "raising lobsters") is a short-term sentiment or a long-term trend, Laughing believes this marks a paradigm shift of AI from "conversational" to "executive," signaling the beginning of a long-term trend. However, Agents lack a physical identity, making it difficult for merchants to trust their trading behavior, and issues of data leakage and uncontrollability remain obstacles that must be overcome for scaling. Jerry pointed out, based on his own usage experience, that current Agents face security risks such as memory confusion, infinite loops consuming tokens, and accidental file deletions. Although newly emerged Agents have improvements, they still have shortcomings. Ah Huang Ricardo stated that behind the short-term sentiment is real user demand, but truly reproducible profitable trading Agents are still very rare, and there is a long way to go.Addressing core bottlenecks such as trust, security, and verifiability, Nic Tang emphasized that the current execution process of Agents is like a black box, where users cannot verify whether their decisions are executed as promised. Zero-knowledge proof technology can mathematically prove the source of the Agent's output and compliance of behavior while not exposing privacy. Anita added that Sentient is committed to building an open and collaborative AI agent network, promoting the deep integration of AI and blockchain in identity, data, and incentive layers, providing foundational support for the next generation digital economy.Regarding the application scenarios that may scale first, the guests generally believe that the programming field is relatively mature, and Agents in prediction markets perform better than humans in specific tracks due to their rationality and lack of emotions. In the short term, they are optimistic about API Marketplace and cross-platform shopping Agents, while in the medium term, they are optimistic about content creation AI (such as AI influencers). Agent-to-Agent interaction and the Agent/Skill Marketplace are seen as important future trends.

At the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum held in Hong Kong, Arda Senoz, the head of the Alchemy Pay ecosystem, delivered a keynote speech titled "Bridging the Fiat and Crypto Global Economies."Arda Senoz highlighted the recently launched Alchemy Chain, whose core value lies in connecting the settlement links between wallets, merchants, and payment partners. The ACH token serves three main functions on the chain: covering Gas fees, incentives, and governance. According to the technical roadmap, the core payment and ACH fee settlement will be implemented in Q4 2025, liquidity and interoperability will be advanced in Q1 2026, and the issuance of Alchemy Chain stablecoins and the establishment of payment channels are planned for Q2 2026.Arda emphasized that Alchemy Pay always adheres to a compliant and secure product route, promoting the mainstream adoption of digital assets through innovative solutions such as RWA integration, truly achieving a seamless connection between fiat currency and the crypto economy.

At the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum held in Hong Kong, Tencent Cloud's industry architect Alan Nie delivered a keynote speech titled "Cloud + AI Dual Engine: Tencent Cloud Empowers New Growth in Web3."Alan Nie pointed out that Web3 enterprises face three major bottlenecks in global infrastructure, R&D efficiency, and business intelligence. Tencent Cloud deeply integrates the "Cloud + AI" dual engine to provide low-latency infrastructure covering the globe. Among them, the Singapore data center is the only cloud provider in the world to offer four availability zones, and the self-developed TDSQL-C database can achieve elastic scaling in seconds, with Redis single-node performance reaching over 300,000.In terms of AI empowerment, Tencent Cloud launched CodeBuddy (AI Pair Programmer) and WorkBuddy (Personal AI Assistant), which can automatically generate code, batch process office documents, organize meeting minutes, and support multi-agent parallel execution of complex tasks. In financial scenarios, the automation of research report reproduction cycles has been shortened from three days to half a day; in on-chain data analysis scenarios, storage costs have been reduced to one-tenth of the original, with query responses reaching millisecond levels.Alan Nie stated that Tencent Cloud is committed to using the "Cloud + AI" dual engine to help Web3 enterprises build the next generation of intelligent economic infrastructure.

At the "Crypto 2026: From Cryptocurrency to Smart Economy" forum held in Hong Kong, Gongye Feng, co-founder and CEO of Monera Digital, delivered a keynote speech titled "AI Empowered Private Banking for the Smart Economy."Feng pointed out that what disappeared after 2022 was not the demand for digital assets, but the market's confidence in the ways capital could enter. Monera Digital positions itself as an AI private bank for the smart economy, where the core is not using AI as traders, but as an accelerator that compresses the research, testing, and iteration cycles from months to days.He emphasized that risk control must be institutionalized rather than personalized. Monera has built four lines of defense: constraints on exposure and collateral at the source, automated clearing and margin management, complete isolation of client assets, and eliminating maturity mismatches while maintaining liquidity buffers. In addition, AI plays the role of a 24/7 digital CRO, achieving a leap from passive monitoring to proactive warning.In terms of service model, Monera does not operate as a pure technology platform, but insists on "anti-AI illusion," where AI is responsible for optimization and efficiency, while trust, responsibility, and continuity of relationships are still borne by humans. Feng believes that the prerequisite for crypto assets to truly become configurable assets is to translate complexity into clear, continuous, and trustworthy private banking services.

According to Coinglass data, if Bitcoin falls below $73,000, the cumulative long liquidation intensity on mainstream CEX will reach $538 million. Conversely, if Bitcoin breaks above $77,000, the cumulative short liquidation intensity on mainstream CEX will reach $607 million.The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to liquidity waves.

The Hong Kong police disclosed a fraud case that lured investors into cryptocurrency with the gimmick of "AI quantitative trading," in which a woman was scammed out of approximately 7.7 million Hong Kong dollars. The fraudster impersonated an "investment expert" and proactively contacted the victim through Telegram, claiming to use "quantitative trading" and "AI algorithms" to achieve stable high returns. The victim transferred USDT and ETH worth about 7.7 million Hong Kong dollars from her electronic wallet to a designated address 17 times, only to realize she had been scammed when her withdrawal attempts were rejected.The Hong Kong police remind the public that while cryptocurrencies have high return potential, they also come with high volatility and high risks. The so-called "AI trading" and "quantitative guaranteed profits" are often bait for scams. The public should be wary of the "impossible triangle" trap of high returns, low risks, and low thresholds.

Morpho stated: "Shortly after the KelpDAO and LayerZero incidents, Morpho has, as a precaution, suspended the OFT cross-chain bridge for MORPHO tokens on Arbitrum. The cross-chain functionality on Arbitrum will remain suspended until the root cause of the rsETH incident is identified."

According to the latest data from Coinglass, the liquidation amount for RAVE in the past 24 hours is reported at 50.85 million USD, with long positions liquidating at 27.53 million USD and short positions liquidating at 23.32 million USD. The maximum single liquidation amount is 105,352 USD, and the average liquidation volume over the past 7 days is in an extreme state. RAVE's price has fluctuated over 100.87% today, and so far, a total of 60,988 people have been liquidated globally.

According to Cointelegraph, Iran has designated Bitcoin for paying the oil transit fees in the Strait of Hormuz, but insiders say that most of the funds are still settled through stablecoins.Hamid Hosseini, spokesperson for the Iranian Oil, Gas and Petrochemical Products Exporters Union, stated that each tanker must report its cargo information to Iranian authorities via email, after which Iran will inform the amount of the fee to be paid, which must be paid in cryptocurrency. "Once the email arrives and Iran completes the assessment, the vessel will be given a few seconds to pay in Bitcoin, ensuring that it cannot be tracked or confiscated due to sanctions."

According to Lookonchain monitoring, a trader spent $575 on April 17 to buy 2.79 billion ASTEROID, and the current value of this position has exceeded $1 million, with a return of over 1700 times.

Lotus Technology Inc. (Lotus Technology, Nasdaq: LOT.US) Chief Financial Officer Dr. Wang Daxue confirmed his attendance at the forum themed "Crypto 2026: From Cryptocurrency to Smart Economy" held in Hong Kong on April 19, where he will present on the topic "Crypto Links to the Physical Industry, Smart Mobility on the Chain." This event is co-hosted by ChainCatcher and RootData and is one of the important peripheral activities during the Hong Kong Web3 Carnival.Lotus Technology has operational entities in the UK, EU, and China, with a sales network covering major markets worldwide. The company is committed to creating high-end luxury lifestyle vehicles, focusing on world-class R&D in next-generation automotive technologies such as electrification and intelligence.In recent performance communications from Lotus Technology, Dr. Wang Daxue emphasized cost optimization and operational efficiency improvements. As AI, crypto networks, and the physical industry accelerate their integration, his presentation will explore how on-chain technology can more deeply serve real-world applications from the perspective of the smart mobility industry. This forum will focus on the paradigm shift under the deep integration of AI technology and crypto networks, engaging in in-depth discussions around cutting-edge tracks such as AI Agent economy, smart payments, RWA, and crypto infrastructure.Event registration: https://luma.com/18v6vwpf

According to Onchain Lens monitoring, Kelp DAO lost approximately $294 million in the cross-chain bridge exploit incident.As a result, $ZRO dropped from $2 to $1.4. A whale holding a long position in $ZRO on HyperLiquid faced partial liquidation, resulting in a loss of $2.88 million. Currently, the whale still holds the position, with an unrealized loss exceeding $750,000, and a total loss of approximately $28.98 million.