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news.bitcoin.com Hands-on Review by Bitcoin.com – Unravelling HTX’s World

This review is sponsored by HTX. Bitcoin.com News tested the product independently and maintains editorial control of the findings. HTX, established in 2013, ranks among the longest-standing cryptocurrency exchanges. The platform has developed from a basic trading venue into a comprehensive ecosystem, integrating spot markets, derivatives, earning products, launch features, educational resources, copy trading, and […]

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forklog.media No safe harbours left in DeFi? Lessons from Aave and Kelp

For years, DeFi users would say: «Just use Aave». A protocol with a TVL above $26bn, dozens of audits and a finely tuned risk framework looked like a “safe harbour”. But on April 18th the project’s long-standing reputation—already dogged in recent months by various conflicts and disagreements—took a heavy blow: hackers stole $293m from the liquid restaking protocol Kelp DAO and within a day users’ funds on Aave were frozen. Here is how it happened, why Umbrella’s $55m insurance may not suffice, and whether DeFi still has any safe places. How the hackers cracked Kelp DAO On April 18th the attackers drained 116,500 rsETH worth $293m via the cross-chain bridge of Kelp DAO built on LayerZero. The attack is preliminarily linked to North Korea’s TraderTraitor—part of the Lazarus Group, behind the breaches of Bybit ($1.5bn), Ronin ($625m) and Drift Protocol ($280m). The scheme was multi-stage. The hackers gained access to the list of RPC servers used by LayerZero Labs’ decentralised verified network (DVN). They then compromised two of them by installing modified versions of op-geth. In parallel they launched a DDoS attack on the “clean” servers so the system would fail over to the poisoned nodes. According to LayerZero’s account, the attackers compromised two RPC servers and spoofed the responses seen only by the verifier, concealing traces from monitoring systems. After the attack concluded, the malicious code self-destructed, deleting the logs. The key detail was Kelp’s security configuration. The protocol used a 1/1 DVN scheme— a single verifier with no redundancy. LayerZero had recommended that all integrators configure multiple DVNs, but Kelp ignored the advice. With multi-verification, the forged cross-chain message would not have cleared: independent DVNs would have rejected it. “Exploitation of a single point of failure meant that an independent verifier could not intercept and reject the forgery. LayerZero and other parties had previously informed the project about best practices for DVN diversification. Despite the recommendations, Kelp chose a 1/1 DVN scheme,” — stressed LayerZero Labs. Dragonfly Capital partner Haseeb Qureshi noted a contradiction in LayerZero’s stance: the protocol washes its hands of responsibility even though the compromised DVN was operated by LayerZero Labs itself. The Kelp team responded 46 minutes after spotting suspicious activity. In that time the attackers deposited the stolen tokens on Aave v3 as collateral and borrowed wETH against them. On Aave alone they took roughly $196m; their total positions across Aave, Compound and Euler reached about $236m. How Aave was hit Within two days the TVL of the largest lending protocol plunged from $26.3bn to $17.7bn—investors withdrew more than $8.6bn. The AAVE token fell 15% to $91. Its market capitalisation slid from $1.8bn to $1.3bn. Data: DefiLlama. The USDT and USDC pools on Aave v3 were completely exhausted. Around $5.1bn of assets were temporarily locked—withdrawals are possible only after fresh liquidity arrives or loans are repaid. rsETH markets were frozen in v3 and v4. wETH reserves were locked on Ethereum, Arbitrum, Base, Mantle and Linea. The freeze triggered a cascade. Users with stuck USDT deposits began borrowing against them in other pools—borrowing against USDT collateral rose by $300m in a day. That pushed utilisation on USDC and USDe markets to 100%. we're now seeing some negative secondary effects of illiquidity in Aave stablecoin markets (in this example, Aave Core USDT on Ethereum)because users cant withdraw due to 100% utilization, there has been a ~$300 million increase in borrowing with USDT collateral in just the… pic.twitter.com/ReGjGaIqAh— monetsupply.eth (@MonetSupply) April 19, 2026 “Aave should immediately ban new borrowing against illiquid collateral assets—for example, set LTV=0 for USDT, USDC and USDe on Aave Core or suspend borrowing entirely,” wrote the strategy director of rival lending platform Spark, who goes by monetsupply.eth. Umbrella’s first real test Umbrella is the updated Safety Module of the Aave protocol. Unlike the old system, where slashing decisions were taken by DAO vote, Umbrella acts automatically: when bad debt arises, the smart contract burns staked aTokens without delay. Users stake tokens to earn protocol yield plus extra rewards in GHO or AAVE. In return they take on slashing risk—forced deductions to cover deficits. At the time of the incident, about $55m in ETH was staked in Umbrella. The Aave DAO treasury holds roughly $85m in assets, including $51m in AAVE. The old Safety Module never triggered slashing. The Kelp case became the mechanism’s first real-world trial. The Aave team initially said Umbrella would cover any shortfall, then softened the wording to “studying avenues for compensation”. Who will foot the bill? The DefiLlama founder known as 0xngmi outlined three possible paths. Socialise losses across all rsETH holders. In this case, every holder would, in his words, be “haircut by 18.5%”. Aave has frozen 666,000 rsETH; most positions at maximum leverage are near the liquidation threshold (LTV 95%). Under “socialised losses”, all capital in those positions would be wiped out. That would create around $216m of bad debt. Umbrella would cover $55m, the DAO treasury up to another $85m. $76m of losses would remain uncovered. Losses fall on L2 networks. Aave said rsETH on Ethereum is “fully collateralised”. If mainnet avoids a haircut, users on L2s take the hit. By monetsupply.eth’s estimates, there is $361m of rsETH on second-layer networks: Base — $71m, Arbitrum — $152m, Mantle — $116m, Ink — $21m, Linea — $1.4m. The $341m in bad debt would land on wETH suppliers in those networks, and Umbrella would cover nothing—the module operates only on Ethereum. “Concentrating losses on external chains is the worst outcome for Aave. With even distribution, Umbrella for $50m is engaged and there is an opportunity to use rsETH collateral on Aave Core to partially repay the debt. Losses on L2 networks become manageable,” believes monetsupply.eth. Revert to a pre-hack snapshot. Technically hard: funds moved actively after the attack. The hacker borrowed $124m on Ethereum and $18m on Arbitrum. If only those sums are returned, the final loss after Umbrella’s coverage would be $91m. A chain reaction and the search for a “safe harbour” The fallout reached beyond Aave. The DeFi sector’s total TVL tumbled from $99.4bn to $85.8bn—a 12% drop in a day. Data: DefiLlama. Data: DefiLlama. The biggest protocols lost ground: Lido — 2.26%, EigenLayer — 2.42%, Morpho — 7.51%, Ethena — 3.04%. Aave suffered most—down 21.54%. Some in the community pointed to Morpho as a safer alternative, since its isolated Morpho Blue markets can ring-fence damage to a specific asset pair. Web3 researcher Vladimir Menaskop called that argument superficial. In his view, isolated markets do not remove risk—they reshape it. “Borrower risks in Morpho are not eliminated by isolated markets. They appear in a different form: from technical aspects we shift to economic ones. Markets are isolated at the smart-contract level, but not at the level of asset connectedness, interactions with vaults and exposures across assets,” believes Menaskop. He described an attack vector specific to isolated markets. Each Morpho Blue market pairs a “collateral” with a “borrow” asset. Liquidity is fragmented. To trigger liquidations, it is enough to manipulate the price of one of the two assets—either knock down the collateral’s value or push up the borrowed asset’s price. “Isolation works against you here: each market is independent, right? Yes. Which means if you apply the scheme to one, you can apply it to another, and the next, until all markets ‘close’. With global protections at DAO level, the defence switches on for everyone at once,” explained Menaskop. Morpho has already seen incidents: manipulation of the LP-pool oracle on Aerodrome, a $230,000 exploit in 2024, and an MEV-bot incident in April 2025. Before the hack, Morpho’s TVL stood at $6bn, compared with Aave’s $26bn. The less liquid a protocol, the less attractive a target—but also the less resilient its structure in a major attack. Lessons for DeFi users Cross-chain bridges remain a weak link. Kelp is the latest reminder: a single point of failure is an open invitation. Pooled lending creates contagion. Toxic collateral in one pool can lock the funds of all liquidity providers. Aave users who never touched rsETH cannot withdraw their USDT and USDC. Isolated markets hedge some risks while creating others. Morpho limits damage to a given pair, but fragments liquidity and opens vectors for economic attacks. Diversification is basic hygiene. Menaskop outlined his own approach: size positions at 1–3% of the portfolio and spread assets across protocols. Security is not a property of a protocol, but a process. Aave was audited by Certora, MixBytes, Ackee Blockchain and StErMi. Kelp was also reviewed. LayerZero Labs maintained SOC2 and ran EDR on every device. None of this prevented an attack on the infrastructure of RPC servers. “The loss will matter not in terms of money, but in the fact that there is now no tier-1 lending protocol,” — concluded Menaskop. What next The Aave team continues to consider compensation options. LayerZero is working with law-enforcement agencies and tracking the stolen funds. Kelp DAO is determining the final allocation of losses. The decision will shape the future of lending in DeFi. If losses are socialised across all users, trust in pooled protocols will be damaged. The coming weeks will test how resilient the biggest DeFi protocols are to real-world stress and whether the market is willing to pay for these lessons. Text: Sasha Kosovan

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forklog.media Strategy Acquires 34,164 BTC for $2.54 Billion

Between April 13 and 19, Strategy acquired 34,164 BTC for $2.54 billion. The average purchase price was $74,395, marking the firm's largest weekly transaction since November 2024. Strategy has acquired 34,164 BTC for ~$2.54 billion at ~$74,395 per bitcoin and has achieved BTC Yield of 9.5% YTD 2026. As of 4/19/2026, we hodl 815,061 $BTC acquired for ~$61.56 billion at ~$75,527 per bitcoin. $MSTR $STRC https://t.co/ifGXjMeIZH— Michael Saylor (@saylor) April 20, 2026 Strategy now holds 815,061 BTC, representing over 3.8% of the total market supply of the asset. The company's total expenditure on cryptocurrency purchases has exceeded $61.6 billion, with an average entry price of $75,527. The funds for the latest transaction were raised through the sale of Class A common stock and perpetual preferred shares. The 42/42 program aims to raise $84 billion by 2027 for further Bitcoin accumulation. Despite active purchases, the company's position is "underwater" by approximately $400 million. Meanwhile, Strategy's stock market value rose by about 27% last week. Source: Google Finance. Strategy remains the largest public holder of Bitcoin. For comparison, other top-10 participants, including Twenty One Capital, Metaplanet, and MARA, hold between 38,000 and 43,000 BTC. BitMine and Ethereum As of April 19, BitMine Immersion Technologies holds 4,976,485 ETH (over $11.4 billion), accounting for 4.12% of the total market supply of the coin. Last week, the company purchased 101,627 ETH.  BitMine's head, Tom Lee, noted that the asset demonstrates high resilience amid geopolitical instability and is in demand in the AI and asset tokenization sectors. Key figures for BitMine: The volume of staking through its own platform MAVAN reached 3.3 million ETH ($7.7 billion); The expected annual income from staking rewards is estimated at $330 million; Total reserves, including fiat and shares in other projects, reached $12.9 billion. BitMine holds 199 BTC and partially owns Eightco, which provides access to investments in OpenAI. Since April 9, the company's shares under the ticker BMNR began trading on the New York Stock Exchange.  Earlier in April, Strategy acquired 13,927 BTC for $1 billion. Simultaneously, BitMine purchased 71,524 ETH for $156.35 million.

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cryptopotato.com Unicoin Foundation Debuts, Aligning Social Impact with the Future of Responsible Crypto

[PRESS RELEASE – Sam, United States, April 20th, 2026] A new education-first model to accelerate responsible crypto adoption, entrepreneurship, and access to the digital economy. Unicoin Foundation will advance ‘Crypto for Good’ and expand ‘Global Financial Inclusion.’ Unicoin Inc. today announced the official launch of the Unicoin Foundation, a mission-driven organization dedicated to leveraging blockchain […]

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bitcoinist.com Cardano Founder Warns XRP Investors, Is Ripple Doing Something Wrong?

Cardano founder Charles Hoskinson has warned XRP investors about Ripple, stating that the company is dumping XRP to fund its business operations. He also noted that Ripple’s business doesn’t in any way benefit these XRP holders but only the company’s shareholders.  Cardano Founder Warns XRP Investors About Ripple In an interview, the Cardano founder stated […]

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news.bitcoin.com ZachXBT Flags Kraken as Key Venue in M Token Manipulation, Cites $6B Cap Against $66M in App Volume

Onchain investigator ZachXBT has named Kraken as a key enabler of M token manipulation, citing a $6 billion market cap backed by just $66 million in native app volume and insider wallets controlling more than 90% of supply. Key Takeaways: Kraken joined Bitget and Binance on April 20 in ZachXBT’s expanding M token manipulation probe. […]

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blockonomi.com Nike Stock at Decade Low as Insider Buying Signals Possible Bottom

TLDR: Nike stock has fallen 76% from its 2021 all-time high of $179.10, now trading between $42 and $46 per share. China sales are projected to drop 20% as local brands like Li-Ning capture the mid-to-high-tier footwear market. Converse recorded a 35% revenue plunge, reflecting Nike’s broader loss of relevance in lifestyle and streetwear segments. [...] The post Nike Stock at Decade Low as Insider Buying Signals Possible Bottom appeared first on Blockonomi.

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forklog.media Bitcoin holds at $75,000 after US–Iran ceasefire collapses

On April 20, bitcoin hovered around $75,000: down 0.2% on the day but up 6.3% over the week. Over the weekend the US seized an Iranian vessel, and Tehran reasserted control of the Strait of Hormuz. Hourly BTC/USDT chart on Binance. Source: TradingView.  Ether slipped 1% to $2300. Among the top ten cryptocurrencies by market value, only HYPE fell markedly, down 4.7%. The rest shed less than 1%. Source: CoinMarketCap.  Crypto-market liquidations reached $419 million over the past 24 hours, with $218 million from long positions. Source: CoinGlass.  Traditional markets reacted more sharply to the latest Middle East escalation. Brent crude added 5% to $95, while WTI recovered to $87 per barrel. Key European indices opened lower. Source: Investing.com.  Gold rose 0.4% to $4791 per ounce. The dollar index edged down 0.03%. A shifting narrative On April 17, Tehran declared the Strait of Hormuz “fully open”. Elsewhere, most coins lost less than 1%. By April 19 the situation had flipped: US president Donald Trump threatened to destroy all power stations and bridges in Iran if talks fail. The other side signalled it could skip a second negotiation round while the United States maintains a naval blockade. This is the fourth Middle East–related shock that crypto has weathered relatively calmly, analysts at CoinDesk noted. Each fresh escalation elicits a more muted response from bitcoin, even as oil and equities continue to react sharply. Experts reckon digital-asset markets have already priced in the main risks, while traditional markets are still catching up. QCP noted that volatility remains subdued. Rather than sharp flare-ups, investors are betting on a longer grind — periodic disruptions in the strait alternating with political rhetoric and de-escalation. “In other words, the market is pricing not the intensity but the duration of the war, which may drag on but remain within its current bounds,” they explained. Analysts also said the balance between upside bets and downside protection changed little over the week — a sign the market has yet to pick a direction. Beyond the regional backdrop, investors are awaiting remarks from Kevin Warsh — a candidate to chair the Fed, QCP stressed. “Investors are focused on his views on rates and the economy. Warsh’s comments could be a short-term catalyst — especially if they reinforce expectations of policy easing amid persistent geopolitical risks,” the experts concluded. What next Bitcoin has established itself above the realized price of the most price-sensitive short-term holders — those who entered the market one week to one month ago. Their break-even sits around $69,400, wrote the analyst known as Darkfost. 📊 Bitcoin is now establishing itself above the realized price of the most price-sensitive Short-Term Holders cohort (1w-1m), around ~$69 400.This helps restore some confidence among participants who entered the market recently.💥 BTC is now testing the realized price of the… pic.twitter.com/9xXcgzg81T— Darkfost (@Darkfost_Coc) April 20, 2026 He argues this helps restore confidence among recent entrants and lowers the odds of a quick capitulation. The leading cryptocurrency is now testing the realized price of one‑to‑three‑month holders at roughly $74,900. They suffered most from the correction that began in October 2025. “These investors had only one chance to exit — in January 2025, when the price first touched their break-even. Now comes a second test. The key question: will they hold or start selling,” Darkfost wrote. If that level is cleared and the market holds above it, pressure from short‑term holders should ease markedly. That would give digital gold room to push toward the next important zone. The cost basis of the earlier short‑term cohort (three to six months) is higher — around $92,000. The expert expects this to be the final resistance, after which most market participants would be back in profit. Bitcoin has also formed a new price gap on the CME at $77,400, noted the trader known as Ash Crypto. $BTC has formed a new CME gap around the $77,400 level.Since Q4 2025, Bitcoin has filled 90% of its CME gaps within a week.If this happens again, $1.6 billion worth of short positions will get liquidated. pic.twitter.com/1NF6Y4QNvl— Ash Crypto (@AshCrypto) April 20, 2026 Since the fourth quarter of last year, bitcoin has closed 90% of such gaps within a week. If the pattern repeats, roughly $1.6 billion in short positions would be liquidated, adding momentum to the upside, the expert said. MN Trading founder Michaël van de Poppe added that bitcoin staged a relatively strong rebound, despite markets typically turning risk‑off ahead of the US open. Relatively strong bounce upwards on $BTC on Monday, as markets tend to go risk-off prior to the open.Gold has gone down, so no attached risk. #Bitcoin bouncing upwards, and given that there's still a gap to $77.3K, I would assume we're going to see new highs this week. pic.twitter.com/NcSeP56Vug— Michaël van de Poppe (@CryptoMichNL) April 20, 2026 He also pointed to gold’s weak performance, which in his view signals no pronounced flight to safety. Against that backdrop, van de Poppe floated the prospect of fresh local highs this week. He cited $77,300 as bitcoin’s next key level. During the week of April 13–17, crypto funds attracted $1.4 billion, marking a recovery in investor sentiment.

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bitcoinmagazine.com Strategy (MSTR) Buys $2.54B in Bitcoin in Third-Largest Purchase, Surpasses BlackRock Holdings

Bitcoin Magazine Strategy (MSTR) Buys $2.54B in Bitcoin in Third-Largest Purchase, Surpasses BlackRock Holdings Strategy just made a $2.54B Bitcoin purchase, pushing its holdings past BlackRock and tightening its grip on the BTC supply. This post Strategy (MSTR) Buys $2.54B in Bitcoin in Third-Largest Purchase, Surpasses BlackRock Holdings first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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blockonomi.com Overview of 10 Free AI Trading Bots for Crypto and Stocks: Features, Performance, and Comparisons (2026)

Introduction Free AI trading bots are gaining more attention than ever in 2026, especially among users looking for simpler ways to trade cryptocurrencies and stocks without building everything manually. But finding the right platform is not as easy as searching for the best AI trading bot or the best free crypto trading bot. In today’s market, [...] The post Overview of 10 Free AI Trading Bots for Crypto and Stocks: Features, Performance, and Comparisons (2026) appeared first on Blockonomi.

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cryptopotato.com Bitcoin Price Analysis: Quiet Market Shift Signals Major Recovery for BTC

Things have been quietly shifting in Bitcoin’s market structure over the past two weeks. After spending the better part of Q1 2026 in a relentless grind lower, BTC is now trading around $75.2k, above the upper boundary of the descending channel and at the $75k–$80k key resistance band. The question is no longer whether a […]

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cryptobriefing.com Coinbase is testing AI agents modeled after its co-founders, and it plans to have more bots than humans soon

Coinbase's AI agent expansion could redefine workforce dynamics, enhancing efficiency but posing regulatory and competitive challenges. The post Coinbase is testing AI agents modeled after its co-founders, and it plans to have more bots than humans soon appeared first on Crypto Briefing.

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cryptobriefing.com Rich Clarida: Persistent inflation exceeds 2% target, a deep recession may be needed to curb core inflation, and the US faces an unsustainable fiscal path | Macro Musings

Potential deep recession looms as central banks tackle persistent inflation and unsustainable fiscal paths. The post Rich Clarida: Persistent inflation exceeds 2% target, a deep recession may be needed to curb core inflation, and the US faces an unsustainable fiscal path | Macro Musings appeared first on Crypto Briefing.

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cryptobriefing.com Aaron Levie: AI will create more lawyers in five years, workflows must be redesigned for AI agents, and the commercial race in AI is reshaping global dynamics | 20VC

AI-driven automation is set to boost the legal profession, creating more lawyers and new job roles. The post Aaron Levie: AI will create more lawyers in five years, workflows must be redesigned for AI agents, and the commercial race in AI is reshaping global dynamics | 20VC appeared first on Crypto Briefing.

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blockmanity.com Why Market Makers Are Fleeing Public Blockchains to Shield Trading Secrets

Introduction In the fast-paced world of crypto, transparency was once a big selling point for blockchains. Everyone could see every trade, building trust. But now, this openness is pushing away key players. – the firms that keep markets liquid by […] The post Why Market Makers Are Fleeing Public Blockchains to Shield Trading Secrets appeared first on Blockmanity.

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news.bitcoin.com Bitcoin Technical Outlook: Indicators Show Buy Bias as BTC Nears Decision Zone

Bitcoin traded at $75,213 on April 20, 2026, at 8 a.m. ET, holding within a defined consolidation range as a broader bullish structure remains intact. Technical signals across multiple timeframes suggest a market in transition, balancing short-term indecision against a still-favorable macro trend. Key Takeaways: Bitcoin holds $75,213 on April 20, 2026; consolidation signals neutral […]

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