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A $292 million hack tied to restaking protocol Kelp DAO has rippled through decentralized finance (DeFi) lending and market confidence far beyond the original incident, with Aave emerging as one of the hardest-hit examples.  Over the weekend, Aave’s native token (AAVE) fell by about 26%, while the protocol also saw a sharp decline in total value locked (TVL) and continued outflows that intensified the downturn. Kelp DAO Hack Sparks Aave Crisis The chain of events began with the attacker draining roughly 116,500 rsETH—valued at about $292 million—from Kelp DAO’s LayerZero bridge. The stolen staking tokens were then used as collateral on Aave V3, enabling the attacker to borrow approximately $236 million in WETH.  Because the rsETH later became effectively unbacked, th...

Michael Saylor’s firm Strategy just completed its third-largest Bitcoin acquisition ever, buying up 34,164 BTC for approximately $2.54 billion. The company now owns 815,061 BTC acquired for $61.56 billion, at an average price of $75,527 per Bitcoin. The recent acquisition, priced at an average of $74,395 per Bitcoin, was Strategy’s largest since a 55,000 BTC […]
The post Michael Saylor’s Strategy Acquires $2,540,000,000 Worth of Bitcoin in One of the Firm’s Largest Buys Ever appeared first on The Daily Hodl.

Artificial intelligence agents are becoming economic actors at a pace that outstrips the infrastructure around them, according to a16z crypto. In a recent post, the firm argued that the real bottleneck in the agent economy is no longer intelligence, but identity.  Today’s agents can execute tasks and move money, yet they still lack standardized ways
The post The AI Agent Economy Has an Identity Bottleneck: Blockchain Rails Could Solve It appeared first on BeInCrypto.

The restocking of missiles and drones during the ceasefire heightens regional tensions, potentially destabilizing future diplomatic efforts.
The post Iran restocks missiles, drones during ceasefire ahead of April 22 deadline appeared first on Crypto Briefing.

The investigation underscores the potential for increased scrutiny and accountability in Congress, impacting political stability and public trust.
The post House Ethics Committee investigates Reps. Swalwell, Gonzales for misconduct appeared first on Crypto Briefing.

Rising tensions in the Strait of Hormuz could disrupt global shipping, impacting oil markets and increasing geopolitical instability.
The post Iran condemns US attack on ship, escalating Strait of Hormuz tensions appeared first on Crypto Briefing.

The Upbit listing could significantly impact USD.AI's market perception and valuation, especially amid evolving South Korean regulations.
The post Upbit to list USD.AI (CHIP) on April 21 amid $300M FDV speculation appeared first on Crypto Briefing.

Bitmine's strategic Ethereum acquisition amid geopolitical tensions could influence institutional interest and market dynamics significantly.
The post Bitmine buys $234M in Ethereum, aims for 5% of total supply amid US-Iran tensions appeared first on Crypto Briefing.

Prediction market platforms took center stage on HBO‘s Last Week Tonight on Sunday as host John Oliver addressed regulation, laws and market manipulation.