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A cross-chain bridge holding nearly a fifth of a restaked ether token’s circulating supply just got drained, and the fallout is moving through DeFi faster than Kelp DAO can pause contracts.An attacker drained 116,500 rsETH (restaked ether) from Kelp DAO’s LayerZero-powered bridge at 17:35 UTC on Saturday, worth roughly $292 million at current prices and representing about 18% of rsETH’s 630,000 token circulating supply tracked by CoinGecko.LayerZero is a cross-chain messaging layer, or the infrastructure that lets different blockchains send verified instructions to each other. Kelp DAO is a liquid restaking protocol, which takes user-deposited ETH, routes it through EigenLayer…

Here’s what happened after the largest security incident of 2026 to one of the used protocols. The cryptocurrency industry saw the most violent hack of 2026 on Saturday evening when an unknown perpetrator breached KelpDAO’s security and drained almost $300 million worth of its liquid staking token, rsETH. They managed to act quickly, depositing the stolen funds into several lending protocols, borrowing money against them, and one of them just experienced a massive investor exodus as its own token crashed hard. CryptoPotato explained in detail the events that took place on Saturday evening from information provided by the security experts…

Coinbase Institutional published an analysis on April 17, arguing that MicroStrategy’s persistent Bitcoin (BTC) buying reduces liquid float far more than the market appreciates. Michael Saylor amplified the sentiment the following day, posting “Impossible to blockade Bitcoin” on X (Twitter). Digital Asset Treasuries Squeeze BTC Float The Coinbase analysis highlights that digital asset treasuries’ share of the BTC supply has quadrupled to above 4% over the past two years. Strategy’s BTC buying matters more than you thinkKey Insights:• Strategy’s most direct role is reducing liquid float by acting as a persistent holder.• Within the last two years, the share of…

US media personality and former Olympian Caitlyn Jenner has escaped a class-action lawsuit after a federal judge ruled her memecoin was not a security under US law.California federal judge Stanley Blumenfeld Jr. wrote in an order on Thursday that the lawsuit failed to plausibly plead that Caitlyn Jenner (JENNER) tokens were investment contracts, as they didn’t pool investor money or use funds to develop “any related product or technology.”“Defendants stated that ‘[t]he $JENNER token is a memecoin on the Ethereum blockchain intended solely for entertainment purposes,’ and that its value would increase because Jenner would use her fame and influence…

Traditional finance giants Charles Schwab and Citadel Securities are both considering entering prediction markets, with each separately weighing up how they wish to get involved in the fast-growing sector.“I think at some point we likely will have prediction markets,” Rick Wurster, the CEO of the banking and investing titan Schwab, told investors during a call on Thursday.He added that prediction markets weren’t “of tremendous interest” when he recently asked a group of Schwab clients about them, but it was an area the company would “take a hard look at, and it would be quite straightforward for us to offer.”Charles Schwab…

Security experts have flagged an apparent nearly $300 million exploit of Kelp DAO.The $293.7 million in rsETH was drained from the protocol.The DeFi community is still reeling from other recent exploits.Another day, another DeFi hack.That’s what appears to be the case after blockchain security experts on Saturday flagged nearly $300 million leaving Ethereum-based Kelp DAO.First alerted by blockchain sleuth ZachXBT via his Telegram channel, a total of $293.7 million was drained from the protocol’s rsETH adapter — a tool allowing users to deposit liquid staking tokens and get rsETH in return.Kelp DAO wrote on X that it had “identified suspicious…

The stock market has staged a major rebound in April. The S&P 500 and Nasdaq hit fresh all-time highs this week, erasing all losses from the US-Iran conflict. BitMine Chairman Tom Lee believes the US stock market is now in a better position than when it hit its previous all-time high earlier this year. He outlined three reasons for his stance during an appearance on CNBC’s Closing Bell. US Stock Markets Absorb Oil Shock According to market data, the S&P 500 closed at 7,022.95 on April 15, surpassing its previous record from January 28. The Nasdaq finished at 24,016, marking…

US equities and tech stocks gained on Wednesday as investors looked optimistically to a de-escalation of the US-Iran war, while the price of Bitcoin tapped $75,000 amid broader positive momentum across the crypto market.According to data from Yahoo Finance, the tech-heavy Nasdaq Composite hit a new all-time high of 24,016.02 on Wednesday, closing the trading day with a 1.59% gain, while the S&P 500 tagged its own record high of 7,022.95 after notching a slight gain of 0.8%.The indexes’ performance on the day was led by a 2.08% gain in tech stocks overall. Meanwhile, Bitcoin hit $75,229 on Wednesday, rising…

The Bitcoin Policy Institute (BPI) has released a new policy proposal for the United States aimed at establishing what it calls “stablecoin supremacy.” The proposal, published on Wednesday, is structured around five policy areas and comes on the heels of the already-enacted GENIUS Act. Bitcoin Policy Institute Warning At the center of BPI’s argument is the claim that regulated stablecoins can help extend US oversight over offshore dollar markets. In the institute’s view, doing so would not only reduce systemic risks but also blunt what it frames as China’s push into digital currency.  The BPI describes how offshore banks can…

[PRESS RELEASE – Singapore, Singapore, April 15th, 2026] CredShields, a full-stack security firm specialising in blockchain and traditional security, with expertise in smart contract audits, AI-powered risk detection, and continuous monitoring, today announced it has joined the Canton Network as an official Audit Partner. Canton Network is the public, permissionless blockchain purpose-built for institutional finance. Trusted by major financial institutions, the network processes over $8 trillion in tokenised transaction volume monthly and settles more than $350 billion in on-chain U.S. Treasuries daily. As institutional finance accelerates its move on-chain, the security and audit requirements are both urgent and technically demanding.…