News linked to this event type.
Odaily News: Sonic Labs co-founder and Flying Tulip founder Andre Cronje posted on platform X, stating that his team is continuing to investigate the L0/rsETH incident. Preliminary reports indicate that approximately $200 million worth of rsETH was stolen, possibly due to a private key leak or configuration error. The related assets were subsequently deposited into Aave as collateral to borrow ETH (due to insufficient rsETH liquidity).Andre Cronje pointed out that the affected positions are technically still overcollateralized. However, if bad debt occurs, Aave's token mechanism and Safety Module will serve as the first line of defense to absorb the risk. Nevertheless, Aave has no mechanism to subsidize user losses, as doing so could trigger a bank run. Currently, Aave holds approximately $7 billion in ETH with an outstanding borrowing amount of around $100 million, so the overall impact of this incident is limited. Furthermore, prioritizing user liquidity, Flying Tulip has withdrawn all its ETH from Aave to its fund management wrapper contract. This action was taken because Aave's available liquidity had fallen below its set minimum threshold.
Odaily News The Ethereum restaking protocol Kelp has officially confirmed suspicious cross-chain activity involving rsETH. It has currently paused the rsETH contracts on the mainnet and multiple L2s and launched an investigation into the attack. It is also collaborating with LayerZero, Unichain, as well as audit firms and security experts to conduct a root cause analysis (RCA). A post-mortem report will be released subsequently.
Odaily News On-chain data indicates that Kelp DAO's rsETH bridge protocol based on LayerZero is suspected of being exploited by hackers, resulting in a loss of 116,500 rsETH, valued at approximately $292 million.
According to Cointelegraph, Poland’s parliament failed again on Friday to override President Karol Nawrocki’s veto of the cryptocurrency regulation bill, with 243 votes against and 191 in favor—falling short of the required 263 votes. The bill aims to align Poland with the EU’s Markets in Crypto-Assets (MiCA) regulatory framework; however, Poland remains the only EU member state yet to implement MiCA. The president rejected the bill citing excessive regulation, insufficient transparency, and undue burdens on small and medium-sized enterprises (SMEs), while the finance minister warned that regulatory inaction would turn the market into a “haven for fraudsters.” Additionally, Poland’s largest cryptocurrency exchange, Zonda, has become embroiled in political controversy: Prime Minister Donald Tusk accused it of links to Russian criminal networks. Zonda’s CEO denied the allegations and stated the company would pursue legal action.
According to CoinDesk, Liz Truss—former UK Prime Minister and the shortest-serving in British history—said in an interview that the UK economy is on a “very negative trajectory,” with high taxation, excessive regulation, and energy costs making entrepreneurship “a risk rarely worth the reward.” She attributed inflation and wealth inequality to “currency devaluation” and noted that discussions about monetary policy within government have become “taboo”—a phenomenon she described as “quite alarming.” Truss said she is “very interested” in Bitcoin, viewing it as a vital tool for countering currency devaluation and resisting centralized financial control. She revealed she first encountered Bitcoin during her tenure as Chief Secretary to the Treasury. She is now actively building CPAC UK and plans to host a three-day conference bringing together entrepreneurs and activists to advance a movement for “sovereignty and freedom,” declaring outright: “There are only two options—either sink or radically transform.”
Odaily News Binance Wallet has released a product update, introducing multiple optimizations focused on trading efficiency and asset management experience:- Supports quickly buying the corresponding token with one click after searching for the token address;- The asset page now displays the annualized yield for mainstream coins and allows direct navigation to the wealth management portal;- The DeFi voucher token details page now supports staking and redemption operations, while also displaying protocol information and yield rates;- The watchlist section has added a "Hotspot Radar" portal for viewing market topics and trend signals.
According to monitoring by the Odaily Seer Channel, a new market has been launched on Polymarket: "Will Trump rename the Strait of Hormuz to 'Trump Strait' by May 31st?" The current probability for "Yes" is temporarily reported at 6%, having dropped 31% in the past 24 hours. The total betting volume for this event currently exceeds $47,000.The contract rules for this event are as follows: The market will resolve to "Yes" if Donald Trump publicly announces that the United States will formally refer to the Strait of Hormuz as "Trump Strait" or "Trump Straits" or any equivalent name containing "Trump" by 11:59 PM Eastern Time on May 31, 2026. Otherwise, the market will resolve to "No". The primary resolution source will be official communications from Donald Trump, but consensus from credible reporting may also be used.The Odaily Seer Channel continues to monitor prediction markets, seeing changes before they are priced in.
Bitdeer, a Nasdaq-listed Bitcoin mining company, announced its latest Bitcoin holdings data on X. For the week ending April 17, Bitdeer mined 177 BTC but sold all 177 BTC during the same period, resulting in a net addition of 0 BTC. It continues to hold zero BTC.
Odaily News TRON has announced the integration of deBridge's Model Context Protocol (MCP) server into the TRON network, enabling seamless cross-chain execution capabilities through a unified interface.Through this unified interface, developers and AI Agents can programmatically access multi-chain liquidity, routing, and transaction execution capabilities, achieving a smoother cross-chain operational experience.This integration is not merely a new technical addition; it further strengthens TRON's infrastructure potential for connecting payments, asset gateways, and multi-chain execution capabilities within AI Agent scenarios.
According to Cointelegraph, X’s newly launched Cashtags feature—introduced this Tuesday—has generated approximately $1 billion in trading volume within two days. The feature allows users to select specific assets or contract addresses when posting; clicking the tag displays real-time price charts and related posts. Currently, Cashtags is available exclusively to iPhone users in the U.S. and Canada. Canadian online brokerage Wealthsimple has already integrated the feature, enabling users to jump directly to its trading platform; however, no U.S.-based brokerages have yet connected. Additionally, X’s peer-to-peer payment system, X Money, is also under development and plans to offer features including interest-bearing accounts and cashback debit cards. X Money has already secured money transmission licenses in over 40 U.S. states. These initiatives form part of Elon Musk’s strategic vision to transform X into a “super app.”
According to CNBC, a new study shows that adding Bitcoin to traditional gold allocations can effectively boost overall portfolio returns without significantly increasing risk levels. Meanwhile, Goldman Sachs released a report stating that cryptocurrency prices may have already bottomed out, and some related stocks offer strong investment appeal; Standard Chartered revised its Bitcoin price forecast downward by half; and analysts noted that, amid the recent sustained downturn in the crypto market, Bitcoin mining profitability has sharply narrowed, making mining unprofitable under current conditions.
According to Sarah Wolf’s own post on X, her nearly five-year tenure at Coinbase is coming to an end. She joined Coinbase in 2023 as its first Builder Marketer and co-founded Base with Jesse Pollak, driving its growth into a leading global blockchain ecosystem with a builder community spanning over 52 countries. During her time at Coinbase, she led several landmark initiatives, including Onchain Summer—a collaboration with Adidas and Coca-Cola—integrating USDC payments into Shopify, and launching BaseCamp, the flagship builder summit. After leaving Coinbase, Sarah Wolf will join Anthropic as Head of Startup Marketing, focusing on supporting the startup ecosystem building around Claude. She has invited founders and builders currently developing with Claude to reach out to her.
Odaily News USDC has officially announced the launch of its cross-chain bridge, USDC Bridge. Built and operated by Circle, it supports cross-chain transfers based on a native burn-mint mechanism.According to the announcement, the bridge supports upfront fee display and real-time status tracking, eliminates the need for manual path selection, and can automatically handle destination chain gas fees.
USDC officially announced the launch of the USDC Bridge, built and operated by Circle. It supports cross-chain transfers via a native burn-and-mint mechanism, offers upfront fee visibility and real-time status tracking, eliminates the need for manual route selection, and automatically handles gas fees on the destination chain.
Odaily News Rhea Finance has released a post-mortem report on the attack, confirming that the actual loss from the vulnerability is approximately $18.4 million, a significant increase from the initial estimate of around $7.6 million.The attacker constructed complex transaction paths, manipulated liquidity using fake token pools, funneled borrowed assets into pools under their control, and returned only minimal assets. This caused a large number of margin positions to rapidly become undercollateralized and triggered liquidations, ultimately depleting the protocol's reserve funds.Approximately $11.2 million in funds have been recovered or frozen so far. This includes some USDC and NEAR assets returned by the attacker, as well as about $4.34 million in USDT that was frozen (with assistance from Tether).
Odaily News: The cross-chain version of XRP, wXRP, has launched on Solana, enabling holders to participate in the DeFi ecosystem without selling their assets.wXRP is custodied by Hex Trust and achieves cross-chain functionality via LayerZero. It is pegged 1:1 to native XRP and can be redeemed at any time.The asset has been integrated into multiple Solana applications, including Titan, Jupiter, Meteora, and the Phantom wallet, supporting functions such as trading, liquidity provision, and yield generation.This move signifies that XRP, which was originally more focused on payment scenarios, is now further integrating into the DeFi system, expanding its application space in cross-chain and on-chain finance.
Odaily News World has launched the most significant upgrade to its World ID protocol to date, covering approximately 18 million Orb-verified users and expanding into multiple application scenarios including social networking, conferencing, and ticketing.This upgrade introduces several new features, including multi-key support, key rotation, account recovery, and session management. It also launches the standalone World ID app, serving as the entry point for user identity authentication and authorization management.On the application front, Tinder has integrated a "Verified Human Badge" to identify real users; Zoom has rolled out a "Deep Face" feature to detect AI-generated deepfakes in video calls; and a ticketing tool called Concert Kit has also been introduced.Furthermore, platforms such as Reddit, Razer, and Mythical Games are also exploring or integrating this system.World has proposed the concept of "human continuity," emphasizing not only the verification of user identity but also ensuring the consistency of the same real individual across different scenarios. Industry observers believe this direction could become crucial infrastructure for combating AI-generated deepfakes.
Odaily News According to a statement issued by his spokesperson, UN Secretary-General António Guterres welcomed Iran's announcement of fully opening the Strait of Hormuz to commercial vessels during the ceasefire period and called on all parties to fully restore and respect the international navigation rights and freedoms of the strait. The statement said Guterres welcomed Iran's announcement that day to fully open the Strait of Hormuz to all commercial vessels for the remainder of the ceasefire, viewing this move as "a step in the right direction." Guterres reiterated that the United Nations will continue to fully support diplomatic efforts to find a peaceful resolution to the current Middle East conflict. He expressed hope that, building on the ceasefire arrangement, this measure will help enhance mutual trust among the parties and promote progress in the dialogue process mediated by Pakistan. (CCTV News)
Odaily News According to a post by X Product Lead Nikita Bier on the X platform, based on aggregated data from the trading pilot, since the launch of Cashtags on Tuesday evening, social platform X has driven approximately $10 billion in transaction volume globally. This data comes from the platform's initial pilot phase, demonstrating the significant pull effect on market liquidity and user engagement after integrating social platforms with trading functionalities.
Odaily News: Polish Prime Minister Donald Tusk stated that a cryptocurrency company linked to "Russian mafia and intelligence agencies" is funding political opponents and influencing domestic crypto regulatory legislation. During a parliamentary vote on Friday, Tusk pointed out that some Polish politicians are obstructing crypto regulatory legislation to serve a company named Zondacrypto, which is alleged to provide "financial support" to political figures and has ties to Russia.Tusk further claimed that the company sponsored the CPAC (Conservative Political Action Conference) event held in Poland last year, during which former U.S. Secretary of Homeland Security Kristi Noem publicly supported President Karol Nawrocki's campaign.Tusk bluntly stated that the company's funding sources not only involve "funds related to the Russian mafia (Bratva)" but may also be connected to Russian intelligence agencies.Meanwhile, President Nawrocki won the election last June, with his camp receiving support from former U.S. President Donald Trump. The President's Office responded that it is not opposed to crypto regulation itself but opposes the "flawed regulatory model" proposed by the government.This controversy arises amidst the political tug-of-war in Poland over the crypto regulatory bill. The bill aims to align with the EU's MiCA (Markets in Crypto-Assets Regulation) framework. However, the President previously vetoed the relevant bill and blocked parliament from overriding the veto in December, stalling the regulatory process. (The Block)