Aave has restored borrowing against wrapped Ether across affected markets as the decentralized lending protocol continues recovering from the fallout tied to Kelp DAO’s April exploit. In a post published Sunday, Stani Kulechov said Aave had reinstated loan-to-value ratios for…
Aave restores WETH borrowing as Kelp DAO recovery moves ahead
Ether and bitcoin led liquidations, as their prices dropped on macroeconomic concerns.
Crypto traders betting on a rally lose $563 million in liquidations. Ether and bitcoin suffer the most
This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story. Week in Review Bitcoin finished the week stubbornly battling with $80,000, while ethereum […]
Clarity in a K-Shaped Economy – Week in Review
NYDIG’s Greg Cipolaro says the Senate’s crypto market structure bill is at risk of failing if it cannot clear a floor vote by August.
Senate crypto bill at risk beyond midterms if not passed by August: NYDIG
Some analysts argue that a comparatively broadened, institutionalized buyer base for crypto today may prevent a repeat of the drawdowns seen in May 2018 and May 2022.
Analysts debate whether Bitcoin is in a ‘sell in May’ bear market setup
Aave applied a temporary freeze to WETH as a precautionary safety measure in response to the exploit, alongside freezes on the rsETH and wrsETH reserves.
WETH markets return to normal operations on Aave amid rsETH recovery progress
Hyperliquid's HYPE token rallied 7% over 24 hours after Trade.xyz launched the first pre-IPO perpetual market on the platform, offering synthetic exposure to SpaceX at a reference valuation of $1.78 trillion.
HYPE pops 7%, beating bitcoin declines, as SpaceX pre-IPO lands on Hyperliquid
Key Takeaways BTC at $76,851. MA200 at $81,462: overhead resistance, $4,610 above current price. MA50 at $75,640: nearest support, $1,211 below current price. RSI at 44.64, signal at 58.94: 14.30 point spread, first sub-50 reading since recovery. Two Binance taker sell spikes: $1.5B on May 15, $1.1B as price broke $77,000. What the RSI and MA structure show about the damage The
Bitcoin Drops Below $77,000 on Two Aggressive Sell Spikes
The latest attack adds to growing string of cross-chain infrastructure exploits.
Yet another crypto bridge falls victim to an $11 million hack
Bitget’s unified artificial intelligence (AI) trading platform has crossed 1 million users and recorded more than $1.2 billion in cumulative trading volume across 58 AI-powered tools, the exchange revealed this week. Bitget Launches Unified AI Trading Ecosystem The platform, now branded Bitget AI, combines market analysis, strategy execution, and risk management into a single infra
Bitget AI Hits 1 Million Users and $1.2B in Agent Trading Volume Across 58 Tools
Long-term holders are still sitting tight and exchange balances remain near six-year lows, Binance Research data shows, but underwater short-term holders leave BTC vulnerable to macro shocks.
Bitcoin slides under $77,000 as oil shock and Treasury yields hit risk assets
China confirmed its involvement in the operation that resulted in the arrest of 276 suspects and the closure of nine crime-focused facilities. The initiative might mark a new era of international cooperation to tackle and end pig-butchering scams. China Collaborated in the Largest International Anti-Pig Butchering Scam Operation While criminals are leveraging cryptocurrency and dig
China Confirms Participation in ‘First of Its Kind’ Anti-Pig Butchering Operation
The US securities regulator approved 21Shares’ Hyperliquid ETF last week, adding to a growing number of cryptocurrencies converted into ETF wrappers in the US.
Grayscale, VanEck amend US spot BNB ETF filings, stepping closer to a potential launch
Owe Martin Andresen, a German national, faces money laundering charges after using a cryptocurrency-based payment processor to purchase gold bars and sending them to his home address. Adresen was the alleged admin of “Dream Market,” a darknet market that shut down in 2019. Alleged ‘Dream Market’ Admin Charged For Money Laundering After Buying Gold With […]