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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.

The strategic director of Spark, monetsupply.eth, posted on platform X that as the stablecoin market begins to lack liquidity, the situation is entering a more dangerous phase. I believe that the ETH market is about 16.5% supported by rsETH, and if the loans supported by rsETH experience losses shared between the mainnet and external chains, there may be a 10% to 15% reduction in emode, leaving a remaining 2% to 3% reduction for ETH suppliers to smooth out the umbrella structure.ETH suppliers naturally tend to exit as soon as possible to avoid this risk, so the utilization rate is locked at 100%, and the borrowing rates are insufficient to incentivize the repayment of unrelated LST cycles (wstETH, weETH) to release liquidity. Since users cannot withdraw ETH, those who borrow stablecoins like USDT and use ETH as collateral cannot close their positions even when stablecoin borrowing rates rise, cutting off the typical incentive mechanism to maintain market health.Currently, two unhealthy incentives are causing the market utilization rate to be locked at 100%: 1) ETH holders cannot close their positions to maintain a healthy LTV, and liquidators cannot atomically withdraw or sell collateral, which may lead to bad debts if the ETHUSD price falls. 2) Users supplying USDT, in order to exit their holdings, tend to maximize borrowing of other stablecoins, which is currently generating positive returns (temporarily), thus the exit cost is low; if conditions worsen, they can at least recover 75% of the position value.The bottom line is that these pooled/re-staked lending markets must maintain liquidity at all costs to operate normally. The recent weakening of slope2 against Aave's maximum borrowing rate is having a negative impact and significantly increasing the risk of failure in the yield market.

Due to the Kelp DAO attacker using stolen rsETH to collateralize and borrow ETH on Aave, Aave is suspected to have bad debts, with the specific amount currently unknown.Aave officials stated: "The rsETH market on Aave V3 and Aave V4 has been frozen. We are reviewing the rsETH borrowing information that occurred on Aave after the attack and will share more details as soon as possible. If the protocol has accumulated bad debts due to this incident, we will explore ways to compensate for the losses."OKX market shows that AAVE is currently at 105.15 USDT, down 9.56% in the last 24 hours.

According to Cointelegraph, stablecoin issuer Circle is facing a class-action lawsuit in the U.S. District Court for the District of Massachusetts for failing to freeze the stolen funds from the Drift Protocol during the attack incident.The plaintiffs claim that the attacker transferred approximately $230 million USDC from Solana to Ethereum within hours using Circle's Cross-Chain Transfer Protocol (CCTP), and Circle did not intervene. The lawsuit accuses Circle of complicity and incitement to misappropriation and negligence. Crypto analytics firm Elliptic previously suspected that the attack may be related to North Korean-backed hackers, and the related funds were subsequently exchanged for ETH and transferred via Tornado Cash.

The exchange Zonda stated that its cold wallet holding 4,503 bitcoins (worth approximately $334 million) is currently inaccessible.Zonda CEO Przemysław Kral issued a video statement claiming that the private key for the wallet was never handed over during the company's transition. The private key was supposed to be transferred by Zonda's founder and former CEO Sylwester Suszek, but Sylwester Suszek has been missing since 2022. Przemysław Kral denied allegations of misappropriating funds and stated that an unusual surge in withdrawal requests was triggered by negative media coverage. Zonda plans to take legal action against false statements and is committed to fulfilling its obligations to customers. The exchange was renamed from BitBay to Zonda in 2021.

According to The Block, Ethereum asset management company Bitmine reported a net loss of $3.8 billion for the quarter ending February 28, 2026, primarily driven by unrealized losses of $3.78 billion on its digital assets. As of April 12, Bitmine held 4.87 million Ethereum, accounting for approximately 4.04% of the global Ethereum supply, with an average purchase price of $2,206 per coin, aiming to control 5% of the global Ethereum supply.The company's report showed that the quarterly revenue was $11.04 million, of which about $10 million came from Ethereum staking rewards. Bitmine has staked 3.33 million Ethereum, representing 68% of its total holdings, with an expected annualized income of up to $212 million. In addition, the company holds $719 million in cash, 198 bitcoins, and investments in Beast Industries and Eightco Holdings.

According to disclosures from the GoPlus Chinese community, a user lost approximately $316,000 in USDC from their wallet due to signing a malicious Permit2 transaction, which was exploited by a phishing attacker.GoPlus advises users to adhere to the "four no" principles for phishing prevention: do not click on unfamiliar links, do not install unknown software, do not sign transactions with unclear content, and do not transfer funds to unverified addresses. They also recommend installing the GoPlus security plugin to intercept phishing risks in real-time.

According to market news, a report released by the blockchain security company Hacken shows that Web3 projects lost a total of $464.5 million this quarter due to hacker attacks and scams, with phishing and social engineering attacks accounting for $306 million, becoming the main source of losses.A hardware wallet scam that occurred in January caused a loss of $282 million, accounting for 81% of the total quarterly losses. Smart contract vulnerabilities led to losses of $86.2 million, while access control failures (including breaches of keys and cloud services) caused losses of $71.9 million. The report points out that the largest security incidents often occur in off-chain operations and infrastructure layers, which traditional audits find difficult to cover. The European regulatory frameworks MiCA and DORA are increasing requirements for security monitoring and incident response, and global regulatory agencies are also raising standards for real-time monitoring and emergency response.

On Monday local time, the San Francisco District Attorney's Office stated that Daniel Moreno-Gama, the suspect who attacked OpenAI founder Sam Altman last week, has been charged with attempted murder. The Department of Justice announced that the suspect also faces federal charges, including attempting to use explosives to damage property and illegal possession of an unregistered firearm.According to the indictment submitted to the San Francisco federal court on Monday, Daniel Moreno-Gama was arrested after the attack on Friday, and officers from the San Francisco Police Department found a document on him detailing his intentions. In the document, Daniel Moreno-Gama expressed his intent to kill Altman and warned that humanity would be "on the verge of extinction" due to artificial intelligence.

According to The Block, Circle CEO Jeremy Allaire stated that Circle will not freeze USDC wallets unrelated to legal proceedings.At a press conference in Seoul, South Korea, on Monday, Allaire responded to ongoing online criticism regarding whether the company should freeze USDC funds in light of hacking and vulnerability incidents. The controversy became more pronounced earlier this month when the decentralized finance protocol Drift suffered an attack of approximately $280 million, which is believed to be related to a six-month-long attack carried out through complex social engineering techniques, possibly involving a North Korean-affiliated hacking group.Prominent on-chain analysts, including on-chain investigator ZachXBT, publicly criticized Circle for not freezing approximately $230 million in USDC funds. These funds were reportedly transferred from Solana to Ethereum via Circle's cross-chain transfer protocol.

Due to the detection of a security incident involving Polkadot, Upbit has immediately suspended the deposit and withdrawal services for Polkadot (DOT) and its AssetHub Polkadot network.Upbit will collaborate with the project team to ensure asset security and will notify users of the resumption time once the stability of deposits and withdrawals is confirmed. During the service suspension, the deposit refund and withdrawal address registration processes will also be paused.

American musician Garrett Dutton (stage name G. Love) lost 5.9 BTC, amounting to approximately $420,000, after downloading and using a fake Ledger wallet app from the App Store and entering his recovery phrase.On-chain analyst ZachXBT discovered that the attacker had laundered the stolen Bitcoin through the KuCoin platform. This incident once again exposes the security risks of counterfeit wallet applications and reminds users to be vigilant when downloading and using cryptocurrency-related apps, avoiding entering sensitive information through unofficial channels.

According to L2BEAT analysis, users of the Ethereum Layer 2 network Scroll were overcharged more than $50,000 in transaction fees within about four days last week. The reason is that the Scroll team manually adjusted two rate multipliers in their Gas price oracle six times within six days, increasing each by 2 to 10 times, cumulatively raising the L1 data cost parameter to 1,280 times the original benchmark.Approximately 139,000 affected transactions originally had a total cost of only about $280, but were actually charged over $50,000, with automated bots accounting for the vast majority. L2BEAT pointed out that the overcharging was not an issue with the sequencer, but rather stemmed from the team's multiplier adjustments executed through a multi-signature wallet. This incident has raised questions about whether Scroll had previously subsidized users with rates below cost to maintain activity. According to DeFiLlama data, Scroll currently has a TVL of only $24 million, down 96% from its peak of $585 million in October 2024. As of the time of publication, Scroll has not publicly responded.

According to The Wall Street Journal, U.S. Vice President Vance stated after marathon peace negotiations between the U.S. and Iran that the two sides failed to reach an agreement because Tehran refused to abandon its pursuit of nuclear weapons. "Unfortunately, we were unable to make any progress." Vance also called on Iran to make a "clear commitment" to no longer seek nuclear weapons. The chief negotiator for Iran stated that Washington had failed to earn its trust.The U.S. also stated that two U.S. Navy destroyers passed through the Strait of Hormuz on Saturday, marking the first time U.S. warships have traversed the waterway since the war began. In response, the Iranian Islamic Revolutionary Guard Corps Navy denied that these ships passed through the waterway and stated that any attempt to navigate this route would face a "decisive and tough response."

As Robinhood accelerates its layout in the prediction market, it has proactively excluded certain contract products due to concerns that they may foster market manipulation and insider trading risks. Robinhood UK President Jordan Sinclair stated that the company is highly attentive to market abuse issues and will not offer all prediction markets or event contracts to users, but will selectively launch products that are more suitable for customers.Recently, several "precise betting" incidents have raised regulatory concerns. For example, there were unusually large bets placed on Polymarket before U.S. actions against Iran; Israeli regulators have also sued two individuals who used confidential information to place bets. Additionally, "mention markets" (such as words that will appear in a speech being bet on) have been explicitly excluded from Robinhood's product range due to their susceptibility to manipulation.Currently, Robinhood primarily provides compliant prediction market services through partnerships with Kalshi and ForecastEx, prioritizing regulated platforms to reduce information abuse and cross-border compliance risks. In contrast, the less regulated Polymarket allows users to trade through cryptocurrency wallets with relatively loose identity verification.Robinhood previously anticipated that prediction markets would become an important growth engine, with CEO Vlad Tenev stating that this business could become one of the fastest-growing segments by 2025, potentially driving the formation of a trillion-dollar annual trading scale in the future.

According to CoinDesk, The Ether Machine, an Ethereum treasury company, announced on Friday that its $1.6 billion SPAC merger agreement with Dynamix Corporation (stock code: DYNX) has been terminated due to unfavorable market conditions.The merger agreement was initially disclosed in 2025, aiming to list The Ether Machine on Nasdaq under the stock code ETHM. The company is positioned as an Ethereum treasury and yield vehicle, generating returns through staking and DeFi strategies while holding a large reserve of Ethereum. According to CoinGecko data, The Ether Machine currently holds 496,712 ETH, valued at over $1.1 billion.The transaction garnered attention due to its scale, which included a $1.5 billion fully subscribed PIPE financing, described as the largest of its kind since 2021, in addition to approximately $170 million in the Dynamix trust account. The Ethereum holdings of the merged entity are expected to exceed 400,000 ETH, partly contributed by co-founder Andrew Keys' investment.In their termination statement, the two companies stated that this was "mutually agreed upon by both parties to terminate." According to documents filed with the U.S. Securities and Exchange Commission (SEC), as part of the termination agreement, Dynamix will receive $50 million in compensation within 15 days.

According to CoinDesk, based on data from Arkham Intelligence and The Information, SpaceX currently holds 8,285 bitcoins in its Coinbase Prime custody account, valued at approximately $603 million, while the company is projected to incur nearly $5 billion in losses for the full year of 2025.Financially, SpaceX's revenue is expected to increase to $18.5 billion in 2025, but due to the acquisition and integration of Elon Musk's artificial intelligence company xAI in February this year, costs have exceeded revenue, leading to a significant reversal from a profit of about $8 billion in 2024 to a loss of nearly $5 billion.Despite recording substantial losses, SpaceX's bitcoin holdings have remained unchanged since mid-2024, showing no signs of reduction. CoinDesk's on-chain transfer records indicate that the last significant asset movement occurred about four months ago, involving a rebalancing operation of 614 and 1,021 bitcoins between SpaceX's internal wallets. The value of the holdings peaked at over $1.6 billion during the historical high of bitcoin in October 2025.In terms of corporate bitcoin holdings, SpaceX is currently the fourth largest known corporate holder, following Strategy, Marathon Digital, and Riot Platforms.

Cryptocurrency exchange Gemini has seen its market value shrink by over 50% this year and has laid off 30% of its staff. Internally, there are discussions about requesting founders Tyler Winklevoss and Cameron Winklevoss to waive the hundreds of millions of dollars in loans they provided to the company or convert the debt into equity. As of the end of December, Gemini's outstanding debt amounted to 4,619 bitcoins, valued at over $330 million at current prices.Securities filing documents show that Gemini lost $585 million last year. Additionally, the company plans to exit the UK, EU, and Australian markets, with several executives having already left. Currently, the Winklevoss brothers hold the majority voting rights and have not yet expressed whether they support this proposal.

According to CoinDesk, affected by the situation in the Middle East, Binance is offering its employees in the UAE the option to temporarily relocate to Hong Kong, Tokyo, Kuala Lumpur, and Bangkok.A Binance spokesperson stated, "In light of the recent regional tensions, we are providing our employees with the option for temporary relocation as a precautionary measure prioritizing employee welfare, to offer flexibility and support during uncertain times." The spokesperson also mentioned that many employees are currently choosing to stay in the UAE, and the company's operations in the UAE remain normal.It is reported that Binance has about 1,000 employees in the UAE, accounting for 20% of its global workforce, and the company's global operations are also supported from Abu Dhabi. This relocation proposal comes after the signing of a ceasefire agreement. The regional conflict, which lasted for about six weeks, has impacted business activities in the UAE. Since the outbreak of the conflict in late February, the UAE has intercepted hundreds of missiles and drones, with another interception occurring on April 8.The conflict in the Middle East has affected several cryptocurrency and major events in the UAE: the TOKEN2049 Dubai summit has been postponed to 2027, the TON Gateway has been canceled due to safety and travel concerns, the Middle East Energy Dubai Exhibition and the Dubai International Boat Show have been postponed, and the Bahrain and Saudi Arabia F1 events, which have sponsorship exposure value for the crypto industry, are also facing cancellation.

According to Lookonchain, a whale who previously bought 163,405 ETH (approximately $440 million) and 4,000 cbBTC (approximately $296 million) in the over-the-counter market sold 899,999 RAVE three weeks ago at nearly break-even prices, cashing out about $229,000.The latest data shows that the price of RAVE has since increased by approximately 226%. If they still held that amount of RAVE, the current paper profit would be about $870,000.