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bitcoinist.com Kelp DAO Suffers $292 Million rsETH Exploit – Details

Wu Blockchain reports that Kelp DAO has suffered a massive cross-chain exploit that drained approximately 116,500 rsETH, valued at nearly $292 million. The incident raises fresh concerns about the protocol’s security, coming less than a year after a previous disruption tied to a smart contract bug Related Reading: $20M Crypto Scam Lands Texas Man 23-Year […]

blockonomi.com RAVE Token Collapses 95% as ZachXBT Accuses RaveDAO of Market Manipulation

TLDR: RAVE token crashed 95% from $26 to $1 in 24 hours, erasing roughly $6 billion in market cap value. Nine wallet addresses linked to RAVE’s initial distribution collectively control around 95% of its total supply. ZachXBT raised his bounty to $25K after flagging on-chain wallet ties to RaveDAO team members on Bitget and Gate. [...] The post RAVE Token Collapses 95% as ZachXBT Accuses RaveDAO of Market Manipulation appeared first on Blockonomi.

news.bitcoin.com DeFi Lender Aave Battles Withdrawal Crisis After KelpDAO rsETH Exploit

Aave, one of DeFi’s largest lending protocols, is managing a liquidity crisis and an estimated $177 million to $200 million in bad debt after attackers siphoned 116,500 rsETH from Kelp’s bridge on Saturday, deposited the tokens on Aave V3 as collateral, and borrowed wrapped ether (WETH) against them. Key Takeaways: Attackers obtained 116,500 rsETH from […]

blockonomi.com Kooc Media Announces Dedicated PR Support for Online Gambling Operators

Online gambling is one of the biggest digital industries in the world. Millions of players log in daily to online casinos, sportsbooks and betting platforms across dozens of regulated markets. The operators behind these platforms manage complex businesses spanning technology, compliance, payments, customer service and marketing. Yet when it comes to one of the most [...] The post Kooc Media Announces Dedicated PR Support for Online Gambling Operators appeared first on Blockonomi.

blockonomi.com MORPHO Breaks Out of Multi-Year Triangle: Can Bulls Push the Price to the $3.91 All-Time High?

TLDR: MORPHO broke out of a multi-year symmetrical triangle, clearing upper resistance at the $1.87 level. The initial price target stands at $2.65, aligning with the August 2025 highs following the breakout. A retest near $1.70 is considered a standard technical move and may offer a secondary entry point. Traders are advised to maintain a [...] The post MORPHO Breaks Out of Multi-Year Triangle: Can Bulls Push the Price to the $3.91 All-Time High? appeared first on Blockonomi.

blockmanity.com WWE Partners with Blockchain Creative Labs for Official NFT Marketplace – Epic Digital Collectibles Ahead

Exciting News for WWE Fans: A New Era of Digital Ownership WWE is stepping into the world of blockchain with big plans. They have teamed up with , a new NFT studio from FOX Entertainment and Bento Box Entertainment. Together, […] The post WWE Partners with Blockchain Creative Labs for Official NFT Marketplace – Epic Digital Collectibles Ahead appeared first on Blockmanity.

themerkle.com Three Major Exchanges Investigate RAVE Accusations of Market Manipulation

The RAVE controversy is now one of the most significant market integrity matters in recent crypto history resulting in three major exchanges Binance, Bitget and Gate conducting formal investigations into allegations of manipulation. That development comes amid ongoing scrutiny from on-chain analyst ZachXBT, who declared that insiders had orchestrated a price distortion worth “hundreds of millions.” An estimated $6.3 billion has been wiped out in market capitalization! What started as a meteoric rise in value devolved almost immediately into a blatant case of runaway volatility, prompting deep fears over fundamental market manipulation. A Timeline Of The Collapse That Rocked The The post Three Major Exchanges Investigate RAVE Accusations of Market Manipulation appeared first on The Merkle News.

blockonomi.com Federal Reserve Reports Third Straight Loss as Interest Costs Outpace Earnings

TLDR: The Federal Reserve recorded an $18.7 billion loss in 2025, marking its third consecutive year in the red. Rising interest payments on reserves and reverse repos continue to exceed income from bond holdings. Losses peaked in 2023 and narrowed by 2025, signaling a gradual shift as rate pressures stabilize. The Fed has paused Treasury [...] The post Federal Reserve Reports Third Straight Loss as Interest Costs Outpace Earnings appeared first on Blockonomi.

news.bitcoin.com Bitcoin Network Eases as Difficulty Slides 2.43% and Hashprice Rises 13.65%

Bitcoin’s mining difficulty eased this week, declining 2.43% from the prior target and settling at 135.59 trillion. This adjustment comes on the heels of the previous epoch’s 3.87% increase and marks the fifth downward revision recorded this year. Key Takeaways: Bitcoin difficulty fell 2.43% to 135.59T on April 17, 2026, easing mining conditions. Hashrateindex.com shows […]

forklog.media NYDIG Plans Acquisition of New York Smelting Plant

Alcoa, a leading American aluminum producer, is in discussions to sell an inactive smelting plant in New York state to New York Digital Investment Group (NYDIG), according to Bloomberg. Bill Oplinger, CEO of the metallurgical firm, stated that the deal for the Massena East facility on the banks of the St. Lawrence River is expected to be finalized by mid-year. Massena East Plant. Source: North Country Now. The facility was powered by hydroelectricity from the New York Power Authority. The company shuttered the plant in 2014 as it ceased to be profitable. Simultaneously, Alcoa is attempting to sell other former metallurgical sites in the United States, with a total of 10 facilities up for sale. The company is capitalizing on the growing interest in energy infrastructure from data center operators, while the domestic aluminum industry stagnates. Demand for decommissioned sites has surged amid the growth of mining, AI, and cloud computing, which require substantial electricity. In February, Century Aluminum sold its smelting plant in Hawesville, Kentucky, to TeraWulf for $200 million and a 6.8% minority stake. For NYDIG, the acquisition will bolster its position in cryptocurrency mining. Unlike many miners transitioning to high-performance computing, the firm remains committed to Bitcoin mining. In October 2024, NYDIG acquired a strategic stake in Coinmint, which provides colocation services and equipment management with a capacity of 435 MW. In December, the company purchased mining capacities of 120 MW from Consensus Technology Group in North Dakota, South Dakota, Pennsylvania, and Missouri. In March 2025, the firm announced a definitive agreement to acquire Crusoe Energy's business, adding 270 MW. In the first quarter of 2026, mining companies sold a record 32,000 BTC.

forklog.media Week in review: $78,000 tested and penalties for crypto exchange in Russia

Bitcoin tested $78,000, crypto projects faced a fresh wave of hacks, Russia proposed penalties for illegal exchange of digital assets, and other events of the week. Cautious optimism in the market Over the past seven days bitcoin extended its uptrend and held above key support. Monday opened with a drop to $71,000 amid reports that US–Iran talks had collapsed. Hourly BTC/USDT chart on Binance. Source: TradingView. But in the early hours of Tuesday, April 14, the asset rose above $74,000. Some observers linked the move to the liquidation of a large volume of short positions. Through Friday the bellwether traded in a narrow $73,000–$76,000 range. After US markets opened for the final session of the week, the asset spiked to $78,000. The uptick followed a statement by Iran’s foreign minister, Abbas Araghchi, that the Strait of Hormuz had been reopened. The gains did not last. Over the weekend digital gold gave back the entire Friday rally, sliding to $75,000. The coin added about 6% over the week. Other top‑ten coins largely tracked the leader. ETH rose 6%, XRP 8% and BNB 5%. Source: CoinMarketCap. Despite the bounce, investors remain wary. The main worry is a possible short squeeze. A notable gap has opened up between buoyant spot prices and bearish positioning in futures — a mismatch that often ends in large‑scale liquidations. The rally also came with inflows into ETFs. Spot bitcoin products attracted $996m for the week — the second‑largest tally since the start of the year. Source: SoSoValue. Ethereum funds took in $275m. Source: SoSoValue. Total crypto market capitalisation climbed to $2.6trn. BTC dominance is 57.5%, ETH 10.7%. The Crypto Fear and Greed Index returned to the fear zone at 27 for the first time since mid‑March. Crypto Fear and Greed Index. Source: Alternative. A new wave of hacks Large‑scale attacks have hit crypto projects for weeks. On April 13 the Polkadot cross‑chain bridge Hyperbridge was compromised. An attacker gained admin rights and minted 1bn DOT tokens. They then sold the coins in a single transaction for 108.2 ETH (about $237,000). Source: X. The main Polkadot network was unaffected — only the ERC‑20 version of its native coin on Ethereum was impacted. The Hyperbridge team later said losses had been revised up to $2.5m. Most of the sum reflects hits to reward pools on Ethereum, Base, BNB Chain and Arbitrum. The project pledged to compensate affected users. At the end of the week, on April 17, the Kelp protocol was hit. Criminals again used a vulnerability in a cross‑chain bridge. Source: X. According to analyses of the incident, the hacker invoked the lzReceive function in the EndpointV2 contract, initiating a transfer of 116,500 rsETH to a personal address. Losses are estimated at roughly $293m. After the breach the protocol froze most operations. The incident also hit the Aave lending platform — the attacker routed assets through it. What to discuss with friends? Tether launched a “people’s” bitcoin wallet. Bitwise: the conflict in Iran brought bitcoin closer to the role of a real means of payment. China launched a plan to integrate AI into education. Critique instead of partnership. Journalists published an investigation into Polymarket and Kalshi. Russia tightens exchange rules Russia’s government commission on legislative activity approved provisions that would introduce criminal liability for illegal cryptocurrency operations. The initiative adds Article 171.7 to the Criminal Code — on the illegal organisation of digital‑currency circulation. It provides liability for running such activity without registration or a Central Bank licence. Penalties depend on the amount of damage. The base offence carries a fine of up to 300,000 roubles, compulsory labour, or up to four years’ imprisonment. With aggravating factors — including if the act is committed by a group or in an especially large amount — the term can rise to seven years and the fine to 1m roubles. “Large” damage would start at 3.5m roubles; “especially large” at 13.5m. The amendments will form part of the bill “On digital currency and digital rights”, which could take effect from July 1, 2026. In comments to ForkLog, experts assessed the provisions and their implications for the domestic market. Olga Zakharova, head of the legal department at Plan B, stressed that penalties would not apply to one‑off crypto exchanges — that is, not to ordinary users of digital assets. “Illegal circulation” refers specifically to activity that organises the turnover of virtual currency. At risk are not only exchangers but also any services that facilitate deals or provide infrastructure. Ignat Likhunov, founder of the Cartesius law agency, argued that the key problem for the market is not criminal liability itself, but how easy it is to approach it. He called the 3.5m‑rouble threshold a relatively small sum for the flow of digital assets. “That is, roughly speaking, if an exchanger bought, say, 40,000 USDT or 50,000 USDT, which are considered crypto, incurred expenses, and then sold them for more, earning 1% for himself, it turns out he has already exceeded the 3.5m threshold and worked his way into part of the first offence,” Likhunov explained. Andrey Tugarin, founder of the law firm GMT Legal, noted that the key task of the new package of bills is to regulate organisers of digital‑currency circulation. First and foremost these are crypto exchangers, though the circle of participants is broader. OpenAI is keeping up The response to the controversial release of the AI model Mythos by Antropic did not take long. OpenAI opened access for a limited number of users to GPT‑5.4‑Cyber — a new solution for finding vulnerabilities in software. “This is a version of GPT‑5.4 that lowers the refusal threshold for legitimate cybersecurity work and unlocks new capabilities for advanced defensive workflows,” the announcement said. Among the additional features is reverse‑engineering of binary files. It allows experts to analyse compiled software for vulnerabilities and malicious code, as well as assess overall security without direct access to source code. To access the tool, users must verify their identity, and organisations must request permission through their representative. Anthropic’s recent release caused much noise in the AI industry. The company refused to release the model openly because of its advanced vulnerability‑finding abilities and high security risks. The concern was that in just a few weeks Mythos discovered thousands of zero‑day vulnerabilities in major operating systems and web browsers. Also on ForkLog: At Stanford they noted the outpacing development of AI. The loss of the largest holder of Ethereum exceeded $3.8bn. Public miners sold a record 32,000 BTC in a quarter. Bitcoin mining difficulty fell by 2.4%. Clarification for crypto wallets This week the US Securities and Exchange Commission (SEC) published a statement clarifying its interpretation of software interfaces for cryptocurrency transactions under broker‑dealer rules. Source: X. According to the memo, solutions for operations via self‑custodial wallets may, under certain circumstances, be exempt from registration. The main condition is not to nudge investors toward specific trades in crypto‑asset securities. Providers must also avoid commenting on execution paths and meet other SEC standards. Although the clarification has no official force, it “provides greater clarity in applying the laws,” the authors noted. The community called the document “one of the most important” in the history of US digital assets. Commissioner Hester Peirce also supported the initiative. “Cryptocurrencies are forcing the SEC to grapple with internal demons that pushed it toward ever broader interpretations of the securities laws,” she added. Over the past year the Commission has issued several similar guides. In one of them the agency excluded meme coins and most stablecoins from the category of securities. What else to read? ForkLog revisited the path of alternative layer‑one blockchains. The new piece analyses the promises, the billions raised and the harsh reality protocol teams faced in 2026. In the traditional digest we compiled the week’s main cybersecurity events.

blockonomi.com FanDuel Alternative Searches Keep Climbing and ZunaBet Is at the Center of the Conversation

There is a pattern forming in the online gambling market that is difficult to ignore. Players are searching for alternatives to the platforms they already know, and they are doing it in increasing numbers. FanDuel, long considered one of the pillars of the industry, is one of the brands most frequently appearing alongside the word [...] The post FanDuel Alternative Searches Keep Climbing and ZunaBet Is at the Center of the Conversation appeared first on Blockonomi.

blockonomi.com Best Crypto to Buy Now: XRP Ledger Votes on Native Lending Protocol While ETH Breaks Out and Pepeto Targets 100x

The best crypto to buy now just got a fresh signal after XRP Ledger validators began voting on a native lending protocol that brings DeFi directly onto the chain. At the same time, CoinDesk reported that the ETH/BTC ratio bounced to a three-month high as Ethereum added 284,000 new users in Q1. Capital is rotating back [...] The post Best Crypto to Buy Now: XRP Ledger Votes on Native Lending Protocol While ETH Breaks Out and Pepeto Targets 100x appeared first on Blockonomi.

news.bitcoin.com ‘No More Mr. Nice Guy’ — Trump Warns Iran to Accept Deal or Lose Every Bridge and Power Plant

President Donald Trump threatened Sunday to destroy every power plant and bridge in Iran after Iranian gunboats fired on commercial vessels in the Strait of Hormuz, pushing a fragile Pakistan-brokered ceasefire to the edge of collapse. Key Takeaways: Trump threatened to destroy every power plant and bridge in Iran if the country rejects a proposed […]

blockonomi.com PEPE Price Holds Key Support as Traders Eye Breakout from Weekly Accumulation Zone

TLDR: PEPE remains within a strong weekly demand zone, signaling possible accumulation despite an 88% correction from highs. A breakout above $0.000006 resistance could confirm trend reversal and open room for major upside targets. Historical fractal patterns suggest potential for explosive rallies if the current support structure holds steady. Failure to hold above $0.0000017 may [...] The post PEPE Price Holds Key Support as Traders Eye Breakout from Weekly Accumulation Zone appeared first on Blockonomi.

bitcoinist.com Kelp DAO Suffers $292 Million rsETH Exploit – Details

Wu Blockchain reports that Kelp DAO has suffered a massive cross-chain exploit that drained approximately 116,500 rsETH, valued at nearly $292 million. The incident raises fresh concerns about the protocol’s security, coming less than a year after a previous disruption tied to a smart contract bug Related Reading: $20M Crypto Scam Lands Texas Man 23-Year […]

blockonomi.com Aave Faces Liquidity Crunch After $292M rsETH Exploit Drains ETH Pool

TLDR: A $292M rsETH exploit enabled massive borrowing on Aave, leaving the protocol with unbacked collateral exposure. Aave’s ETH pool reached full utilization, restricting withdrawals as panic-driven outflows exceeded $5.4 billion. Technical indicators show AAVE weakening after rejection near $120, with momentum still favoring downside pressure. Critical support near $90 remains under watch as markets [...] The post Aave Faces Liquidity Crunch After $292M rsETH Exploit Drains ETH Pool appeared first on Blockonomi.

blockonomi.com Grayscale Files Spot TAO ETF as Bittensor Network Rebounds from Covenant AI Exit and 38% Drawdown

TLDR: Grayscale raised TAO weighting to 43.06% in its AI fund, its largest single-asset reallocation ever made. Community miners restored SN3, SN39, and SN81 from open-source code with no central operator involvement needed. Bitwise and Grayscale both filed TAO ETF applications on April 2, with an SEC decision tracked for August 2026. Teutonic targets a [...] The post Grayscale Files Spot TAO ETF as Bittensor Network Rebounds from Covenant AI Exit and 38% Drawdown appeared first on Blockonomi.

blockonomi.com Bitcoin Holds $75K as ETF Inflows Return and Macro Signals Support Risk Assets

TLDR: Bitcoin trades near $75K as ETF inflows exceed $1B weekly, reversing a four-month outflow trend Stable US jobs data and easing geopolitics support risk assets across crypto and equity markets Solana and Ethereum upgrades improve efficiency, supporting network growth and user activity Institutional moves and rising stablecoin supply strengthen liquidity across crypto markets Global [...] The post Bitcoin Holds $75K as ETF Inflows Return and Macro Signals Support Risk Assets appeared first on Blockonomi.

news.bitcoin.com ‘Think Even Bigger’: Michael Saylor’s New Signal Hints at Another Massive Strategy Bitcoin Buy

Strategy’s bitcoin positioning drew heightened attention as Michael Saylor’s latest signal reinforced expectations of continued accumulation. The update underscored how investors interpret these cues as indicators of potential balance sheet expansion and sustained institutional demand. Key Takeaways: Strategy doubled down on bitcoin, signaling aggressive accumulation intent. Michael Saylor’s cue fueled expectations of a major treasury […]

cryptobriefing.com Nikhyl Singhal: Product managers must adapt to rising stress and evolving skills, AI will transform product development, and the industry is experiencing a renaissance | Lenny’s Podcast

AI advancements are set to revolutionize product management, making traditional development methods obsolete within two years. The post Nikhyl Singhal: Product managers must adapt to rising stress and evolving skills, AI will transform product development, and the industry is experiencing a renaissance | Lenny’s Podcast appeared first on Crypto Briefing.