News linked to both this project and an event.
According to on-chain analyst Yujin (@EmberCN), the hacker who stole approximately $98 million worth of assets from Balancer last November has been continuously swapping ETH for BTC via THORChain. To date, the hacker has swapped a total of 14,300 ETH for 419.3 BTC (approximately $32.51 million). The hacker currently holds 7,700 ETH on the Ethereum chain and 419.3 BTC on the Bitcoin chain, with a combined value of approximately $50.4 million. Since the price of ETH has fallen significantly from around $3,600 at the time of the theft, the value of the hacker’s holdings has shrunk by nearly half—from the original $98 million.
According to on-chain analyst Yujin (@EmberCN), Aave covered $25,000 ETH (approximately $57.75 million) out of its own funds to address bad debt arising from the rsETH incident and spearheaded the “DeFi United” relief initiative. The total bad debt shortfall stands at 75,081 ETH; commitments for loans and donations totaling 69,576 ETH have already been secured, leaving a remaining gap of only 5,505 ETH. Multiple institutions—including LayerZero—have confirmed participation in the relief effort, though specific contribution amounts have not yet been disclosed. The shortfall is expected to be fully covered.
According to on-chain analyst Yujin (@EmberCN), the hacker who stole approximately $98 million in assets from Balancer last November is today exchanging ETH for BTC via THORChain. So far, 7,000 ETH have been swapped for 204.7 BTC—valued at roughly $15.88 million—and the process continues. Additionally, it has been disclosed that this address currently holds 15,000 ETH on Ethereum, valued at approximately $34.65 million, and 204.7 BTC on Bitcoin.
According to data from Trader T (@thepfund), yesterday’s Ethereum spot ETFs recorded a net outflow of $75.94 million. Fidelity’s FETH led with an outflow of $51.3 million, followed by BlackRock’s ETHA at $20.95 million, Grayscale’s ETHE at $10.9 million, 21Shares’ TETH at $9.24 million, and Bitwise’s ETHW at $3.31 million. Only Grayscale’s mini ETF ETH posted a net inflow of $19.76 million; all other products remained flat.
According to monitoring by crypto analyst @EmberCN, after Aave coordinated the establishment of "DeFi United" and received approximately 30,000 ETH in loans and 13,500 ETH in donations, the platform's capital outflows have shown signs of slowing.Data indicates that Aave's current total deposit scale stands at approximately $28.6 billion, a decrease of about $17.2 billion, or roughly 37%, compared to before the rsETH incident.
According to on-chain analyst Onchain Lens (@OnchainLens), the Balancer hacker’s address has reactivated after five months of dormancy, transferring 100 ETH (approximately $233,000) to a new wallet and beginning fund transfers via ThorChain. The hacker currently still holds 21,900 ETH, valued at approximately $51.13 million.
According to information on the governance forum page, Mantle plans to provide Aave with a loan of 30,000 ETH to help it address the non-performing loan risk triggered by the recent attack. According to analyst Yujin’s statistics, confirmed rescue funds now cover a shortfall of approximately 43,500 ETH.
According to The Block, JPMorgan analysts noted in their latest report that ongoing DeFi security vulnerabilities and stagnant growth in total value locked (TVL) continue to constrain institutional enthusiasm for the DeFi sector. Recently, Kelp DAO’s cross-chain bridge suffered a major attack, during which the attacker minted $292 million worth of uncollateralized rsETH tokens and borrowed real ETH on Aave, resulting in approximately $230 million in bad debt. This caused DeFi TVL to evaporate by roughly $20 billion within several days. LayerZero and blockchain security researchers have attributed this attack to the North Korean hacker group Lazarus Group; some of the stolen funds have been frozen, while the rest remain in circulation. Analysts also pointed out that DeFi TVL denominated in ETH has remained range-bound for an extended period, raising market concerns about whether DeFi can achieve organic growth sufficient to support institutional adoption. Furthermore, following each security incident, users tend to shift funds into USDT as a safe-haven asset—yet this trend has not yet significantly driven USDT’s market capitalization growth.
according to Onchain Lens monitoring, whale address 0x2D2D spent 368.23 ETH (approximately $857,000) over the past 9 hours to purchase 28.3 billion ASTEROID.The address now holds a total of 6.66 billion ASTEROID, valued at approximately $1.99 million.
According to information from the governance forum, Bybit’s public chain Mantle plans to lend 30,000 ETH to Aave to address the bad debt risks arising from recent security incidents.According to statistics from crypto analyst Ember (@EmberCN), the confirmed scale of bailout funds is estimated to cover a shortfall of approximately 43,500 ETH.
According to on-chain analyst Ember (@EmberCN), the rsETH incident on April 18 resulted in a funding shortfall of approximately 68,900 ETH (around $160 million): the hacker collateralized rsETH to borrow 99,600 ETH; after Arbitrum recovered 30,700 ETH, the remaining funds were fully converted by the hacker into BTC. The incident has now entered the remediation phase. Aave is coordinating the establishment of a “DeFi United” relief fund, which has so far received cumulative donations totaling 13,500 ETH (approximately $31.45 million). Donors include Lido Finance (2,500 stETH), ether.fi Foundation (5,000 ETH), Aave founder Stani Kulechov (5,000 ETH), Golem Foundation (1,000 ETH), as well as LayerZero and Ink Foundation (amounts undisclosed).
According to on-chain analyst Onchain Lens (@OnchainLens), Tether has minted another 1 billion USDT on the Ethereum network; the total amount minted over the past five days has reached $3 billion.
According to on-chain analyst Onchain Lens (@OnchainLens), Bitmine has staked a total of 191,952 ETH—worth approximately $446.9 million—over the past 12 hours, including 98,352 ETH (approximately $229 million) staked in the most recent 3 hours.
Odaily Bitmine, the Ethereum reserve company founded by Tom Lee, has staked approximately $320 million worth of ETH in the past 24 hours, bringing the proportion of staked assets in its overall holdings to over 70% for generating yield.On-chain data shows that approximately 75,600 ETH were transferred to Coinbase Prime for staking early Thursday morning, following the allocation of around 61,200 ETH on Wednesday. This marks the first large-scale operation in nearly three weeks.Blockchain analytics platform Lookonchain indicates that Bitmine has now staked a total of approximately 3.5 million ETH, valued at around $8.1 billion, accounting for about 70.1% of its total holdings. Separately, reports suggest that three new wallets, potentially linked to the company, received roughly 100,000 ETH (about $234 million) before Thursday. If confirmed, Bitmine's total holdings would rise to approximately 5.08 million ETH.In comparison, the industry's second-largest holder, SharpLink, currently holds only about 869,000 ETH, meaning Bitmine's scale leads by over 580%. The company now controls more than 4.1% of the total Ethereum supply, edging closer to its 5% target.
Odaily Odaily News: Greeks.live macro researcher Adam posted on X platform, disclosing the options delivery data for April 24th:1. 109,000 BTC options expired, with a Put Call Ratio of 0.93, a max pain point of $72,000, and a notional value of $8.55 billion.2. 563,000 ETH options expired, with a Put Call Ratio of 0.72, a max pain point of $2,200, and a notional value of $1.32 billion.The market continued to rebound this week, with Bitcoin breaking above $78,000. The Hong Kong Web3 conference was also filled with an upbeat atmosphere, and the altcoin market is recovering as well. This is a monthly expiry, with 25% of options set to expire. In terms of holding periods, the distribution of open interest in the options market shows 12% for the end of May and 24% for the end of June.Looking at the main options data, Bitcoin's key tenor IV continued to decline this month, with most tenor IVs falling by 1% to 2% to below 40%. ETH's main tenor IV dropped even more, currently around 60%. Despite the price increase, Skew has declined, and there is no FOMO sentiment in the market.In the second quarter of this year, Bitcoin's performance in both price and market sentiment was significantly better than in the first quarter. This month's sustained rebound is a sign of capital inflow. If macro pressure bottoms out by mid-year, Bitcoin's bottom will also be confirmed.
Bitcoin is once again approaching the $80,000 mark. Market analysis suggests that this level has become a key resistance point to test the strength of the current rebound. On the capital front, continued institutional inflows are providing support. Data shows that Bitcoin spot ETFs have recorded net inflows for six consecutive days, while Ethereum spot ETFs have also seen inflows for nine straight days, indicating a recovery in risk appetite. Meanwhile, whale addresses holding over 1,000 BTC have cumulatively added approximately 270,000 BTC over the past 30 days, marking the largest monthly increase since 2013, and exchange reserves have fallen to their lowest point in seven years.In terms of on-chain data, Glassnode points out that Bitcoin has reclaimed the "Realized Price" (approximately $78,100). However, the cost basis for short-term holders sits around $80,100, forming a direct pressure zone. Should the price reach this range, over 54% of short-term investors would be in profit, a scenario historically associated with the peak of a rebound phase. At the same time, the perpetual contract funding rate remains negative, indicating a significant short position. Given the ongoing improvement in spot demand, this could provide short-squeeze momentum for a subsequent upward move.In summary, while the capital structure and market resilience have improved, the $80,000 level remains a key watershed. The market has yet to confirm whether it can transition from a resistance level to a support level. (The Block)
According to Lookonchain monitoring, today U.S. Bitcoin ETFs recorded a net inflow of 4,349 BTC, Ethereum ETFs saw a net inflow of 35,736 ETH, and Solana ETFs had a net inflow of 1,311 SOL.
Lido has released an update regarding the Kelp security incident, stating that its Earn-series vaults are working with the management team to address the issue, focusing on two key risk areas: rsETH exposure and tightening liquidity in lending markets. Lido emphasizes that its core staking protocol remains unaffected, and both stETH and wstETH remain secure and stable. Currently, only the EarnETH vault holds approximately 9% of its TVL in rsETH exposure; related deposits and withdrawals have been suspended by the management team pending resolution. Of the ~$70 million in ETH stolen in the earlier attack, roughly $70 million has already been recovered; asset recovery and loss allocation efforts are ongoing. To mitigate liquidity pressure, the management team has reduced leverage and optimized position structures, significantly decreasing wETH debt exposure. Should losses ultimately materialize, EarnETH will activate its $3 million “first-loss protection mechanism,” funded by the DAO. Other vaults remain unaffected: DVV and EarnUSD are operating normally. The GGV sub-vault is currently experiencing negative yields due to a combination of recursive staking strategies and rising borrowing rates, but active adjustments are underway. Users’ previously submitted withdrawal requests will be processed at pre-incident valuations.
According to Arkham’s monitoring data, approximately 40 minutes ago, Grayscale transferred a total of 3,817 ETH and 210.006 BTC to a Coinbase Prime address, valued at approximately $25.02 million.
according to Onchain Lens monitoring, a whale has opened 20x leveraged long positions on ETH and BTC. The position currently holds 17,257 ETH and 516.42 BTC, with a position value of approximately $40 million.