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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, Dr. Daxue Wang, CFO of Lotus Technology Inc., delivered a keynote speech titled "Cryptocurrency Links to the Physical Industry, Smart Mobility on the Chain."Dr. Daxue Wang stated that smart mobility is the pioneering carrier of the smart economy. Lotus, as a luxury electric vehicle brand with a 78-year history, has been listed on NASDAQ and is actively exploring the deep integration of cryptocurrency technology with the physical industry. He proposed three major integration directions:First, safeguarding data value by utilizing the immutable nature of blockchain and privacy computing, allowing users to have absolute control over their personal data, achieving trustworthy data circulation and value flow. Second, releasing asset value by exploring the efficient circulation and fair trading of assets such as vehicle sales, brand value, intelligent driving technology patents, and global sales networks through RWA, while promoting trustworthy traceability of carbon assets in green mobility. Third, co-creating ecological value by recording data on driving, charging, maintenance, etc., through on-chain smart nodes, allowing users to upgrade from "car owners" to "participants in the brand ecosystem" through on-chain rights confirmation.Dr. Daxue Wang pointed out that the current challenges include compliance implementation, technology adaptation, and ecological co-construction, but the opportunities lie in open cooperation, promoting smart mobility as a practical landing scenario for the smart economy. Lotus hopes to work hand in hand with the cryptocurrency ecosystem to realize the vision of "from buying a Lotus car to sharing the growth value of Lotus technology."

Keone Hon from Monad Lianchuang stated: "I feel that the lending protocol for the liquidity pool should set rate limits on the supply of assets deposited as collateral. For example, if the current supply is 100 million and the supply cap is 300 million, then in the next 10 minutes, the maximum allowed increase should be to 110 million, rather than allowing a one-time deposit of the full 200 million. In reality, no one needs to complete such a large deposit all at once.This is important because when certain exotic assets are attacked, the impact depends on the scale of the exit channels for that asset. Especially in many cases where attacks belong to infinite issuance vulnerabilities, the scale of the exit that can be made essentially determines the upper limit of the attack losses. Lending protocols are often the largest exit channels. If a smart cap is introduced, where the initial cap is slightly above the current supply and is gradually adjusted to the real cap over several hours, it would have a huge effect. With such a mechanism, rsETH depositors could have avoided about 200 million dollars in losses.This also raises a point: the asset issuers themselves should support such mechanisms. If you are issuing redeemable tokens with redemption delays, you are not worried about hackers redeeming directly from you, but you need to compress the scale of external exit paths as much as possible without affecting normal users. Therefore, a high supply cap should be seen as a risk rather than a symbol of strength. For example, the Hyperbridge DOT attack did not result in a 100 million dollar loss because there were very few exit paths; the Resolv attack loss was 24 million dollars instead of 200 million dollars because the scale of the exit path limited the loss cap. This is an obvious principle, but there are still immediately actionable measures: audit the supply caps of all assets and lower the caps when unnecessary."

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.

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."

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.

Sky (formerly MakerDAO) posted on the X platform stating that it has currently suspended the omnichain fungible token (Omnichain Fungible Token) cross-chain bridging function for USDS. It will further assess the impact of the rsETH-related security incident while emphasizing that its protocol itself and the USDS contract have not been affected temporarily. USDS remains fully collateralized as designed by the protocol and can be verified on-chain at any time.

Michael Egorov, the founder of Curve Finance, posted on the X platform expressing hope that Aave can address the relevant issues. He pointed out that non-isolated lending has good scalability but carries higher risks, with the key being risk management, an area where Aave has historically performed well.He stated that the market can adopt a fully isolated model like that of Curve Finance or a hybrid model, although the latter is very complex, it is feasible. However, the market has yet to understand its advantages. Michael Egorov also mentioned that Aave v4's hub and spoke model might be a step towards a semi-isolated and safer direction.

Alex Thorn, the research director at Galaxy Digital, posted on the X platform that the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctions list (SDN list) has historically involved 518 Bitcoin addresses, which have received a total of 249,814 BTC and sent 239,708 BTC, currently holding a net of about 9,306 BTC, worth approximately $707 million at current market prices.Thorn also stated that OFAC sanctions are only one of the means by which the U.S. intercepts illegal assets, and the CLARITY Act will further expand the Treasury's relevant powers.

Venus Protocol posted on platform X regarding the Kelp incident, stating that the platform has zero exposure to rsETH, has not incurred any bad debts, and user funds are safe.As a precaution, based on the recommendations of the risk management party Allezlabs, the platform has temporarily adjusted the collateral factors for the following six types of assets to 0: USDe, sUSDe, SolvBTC, xSolvBTC, USD1, XAUM. Users can still directly repay and withdraw the above assets through the Venus UI, and updates will be released once the collateral rates return to normal.

In a discussion about the late girl Liv Perrotto's question, she had asked whether her design "ASTEROID" could be used as SpaceX's mascot. In response, Musk said, "Ok."Perhaps stimulated by this news, the Ethereum-based meme coin ASTEROID (which launched in September 2024) briefly surpassed a market value of $160 million, currently reported at $116 million, with a 24-hour increase of over 500% and a 24-hour trading volume exceeding $77 million.It is reported that Liv Perrotto, a 15-year-old girl who passed away from cancer, had the biggest wish to meet Musk and wrote a list of questions she wanted to ask. She had previously participated in designing a zero-gravity indicator toy named "Asteroid"—a Shiba Inu figure. Her mother later publicly wrote to Musk, hoping he would consider making Asteroid the official mascot of SpaceX in accordance with Liv Perrotto's wishes. Musk responded by saying, "I will reply shortly."

On-chain data shows that the Kelp DAO's rsETH bridging protocol based on LayerZero has allegedly been exploited by hackers, resulting in a loss of 116,500 rsETH, worth approximately $292 million.Kelp DAO officials stated that they have detected suspicious cross-chain activities involving rsETH, and have now suspended the rsETH contracts on the mainnet and multiple Layer2s. They are working with security experts and will provide updates on the situation.

According to CoinDesk, Ethereum co-founder Joseph Lubin stated that artificial intelligence will be a key turning point in the next phase of development for the cryptocurrency industry. However, if computing power and infrastructure are controlled by a few large tech companies, it could pose systemic risks.In the future, AI agents could autonomously execute transactions, collaborate, and verify on blockchain networks, becoming the foundation of a "machine economy." Cryptographic technology and decentralized systems will ensure transparency and accountability, allowing machines to supervise each other.Additionally, he believes that traditional finance and DeFi are accelerating their integration, driving the global economy towards a more refined and programmable direction, while the risks of quantum computing are a long-term manageable issue that Ethereum developers have already prepared for.

CryptoQuant analyst Darkfost tweeted that this week, Bitcoin spot ETFs absorbed approximately 12,142 BTC. However, the average cost basis for ETF holders is about $82,247, and they are still in a state of loss.Since March, the trend of fund inflows into ETFs has significantly improved, with inflows greatly dominating the market. At the same time, ETF trading volume continues to rise, currently reaching $4.7 billion, gradually approaching the spot market's trading volume of $6.2 billion.

According to on-chain analyst @ai_9684xtpa, a certain suspected RAVE whale address collection currently holds 750 million tokens, with a total value exceeding 10.3 billion dollars, and the concentration of chips has reached 75%.

Base Marketing Director Sarah Wolf tweeted that she will officially leave Coinbase after nearly five years of work. She joined Coinbase in 2023 as the first Builder Marketer, participating in and promoting Base from its initial small pizza party to an active builder community covering 52 countries.Sarah Wolf stated that after leaving, she will join Anthropic to be responsible for startup marketing, expressing her anticipation to support the startup ecosystem built around Claude.