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Make CryptoSlate preferred on A $292 million exploit at KelpDAO set off a broad retreat across decentralized finance over the weekend, draining roughly $10 billion across the DeFi industry and forcing multiple protocols to freeze markets tied to rsETH.The breach began late Saturday when an attacker drained about 116,500 rsETH from KelpDAO’s cross-chain bridge. The stolen tokens were worth about $292 million at the time, according to CryptoSlate data.KelpDAO issues rsETH to users who deposit ETH into its liquid restaking system. The platform then deploys those ETH through the restaking platform EigenLayer to generate additional yield on top of standard…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple CTO Emeritus David Schwartz, said his review of DeFi bridge designs for Ripple’s RLUSD surfaced a recurring problem that may now be at the center of the KelpDAO/rsETH incident: critical security controls exist, but teams are often nudged toward lighter configurations because they are easier to operate and faster to scale. In a series of posts on X, Schwartz said he evaluated “a lot of DeFi bridging systems” for potential RLUSD use and focused “almost exclusively” on security and risk. What stood out, he wrote, was…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP has spent the better part of three months locked in a persistent downtrend, falling from a January peak above $2.40 to lows near $1.28 in early April as sell pressure mounted across the broader crypto market, trading in a range between $1.33 and $1.45. The SuperTrend indicator is printing a signal that has not appeared since XRP was trading at its 2026 peak, and analyst Ali Martinez says it could be the beginning of a meaningful trend reversal. SuperTrend Signals A Break From Months Of Selling…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The crypto market suffered a slight dip on Saturday, April 18th, after the tensions in the Middle East took an interesting turn over the weekend. On Friday, United States President Donald Trump announced that Iran fully reopened the Strait of Hormuz (for the first time since March) for the free passage of oil vessels, with the global financial markets and crypto reacting positively to the news. However, Iran announced on Saturday that it has closed the Strait again, with digital asset prices dropping on the back of…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Iran’s Foreign Ministry came out swinging on Sunday, accusing the United States of committing war crimes through what it described as an unlawful naval blockade — a charge that landed just hours after US President Donald Trump accused Tehran of firing in the Strait of Hormuz and breaking the terms of an active ceasefire. Both Sides Point Fingers Spokesperson Esmail Baghaei posted the accusation directly on X, arguing the US blockade of Iranian ports and coastline violated not just the ceasefire brokered by Pakistan, but international law.…

Make CryptoSlate preferred on Users paid $9.7 billion in on-chain fees in the first half of 2025, up 41% year over year and the second-highest total on record.1kx projects more than $32 billion in on-chain fees for 2026, driven by accelerating application growth. That growth has pushed the word “revenue” into every crypto investor pitch deck, every sector report, and every valuation conversation.The report added that a Bitcoin drawdown may stress-test protocol fees.1kx’s April sector analysis finds that nearly every crypto fee category shows a positive correlation with BTC price. There is also wide dispersion across sectors, and the critical…

In brief Aave users struggled to withdraw funds from Aave after attackers borrowed with stolen rsETH on the platform, spiking a core market’s so-called utilization rate. The funds were plundered from a LayerZero-powered bridge, in what onlookers described as DeFi’s biggest exploit so far this year. Early Sunday, DefiLlama’s 0xngmi said Aave had faced $6.2 billion in net withdrawals, while Spark’s monetsupply.eth pointed to “negative secondary effects.” Less than a day after attackers drained $291 million in crypto from infrastructure linked to decentralized finance project Kelp DAO, users on Aave, one of DeFi’s most battle-tested protocols, struggled to withdraw funds…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The price of Bitcoin saw a rise in bullish momentum over the past week, as the initially improving situation in the Middle East served as a significant catalyst. This optimism seems to have spread across the digital asset market, as fresh capital also flowed into the US-based spot Bitcoin ETFs (exchange-traded funds). According to the latest market data, the spot BTC exchange-traded products saw the addition of nearly $1 billion in value over the past trading week. This fresh capital influx reflects an uptick in investor sentiment…

Make CryptoSlate preferred on Morgan Stanley launched its spot Bitcoin ETF on Apr. 8 on NYSE Arca, calling MSBT the first cryptocurrency ETP from a US bank-affiliated asset manager and pricing its sponsor fee at 0.14%, the lowest Bitcoin ETP sponsor fee.By Apr. 16, Farside Investors’ data showed cumulative net inflows of $116 million across seven trading sessions.Against Morgan Stanley Investment Management’s $1.9 trillion in assets under management as of Dec. 31, 2025, that figure represents roughly 0.006% of the platform. At the 0.14% fee rate, it would generate only about $162,400 in annual gross revenue if assets were held…

In brief Adobe data shows AI-driven shopping traffic surging into the mainstream. AI-assisted shoppers now outperform traditional retail consumers. Report signals rapid shift toward agent-led commerce in U.S. retail. The dead internet is more alive than ever.A year ago, retailers were debating whether to block AI bots from crawling their websites. That calculation just got a lot harder. New data from Adobe Analytics shows AI-driven traffic to U.S. retail sites grew 393% in the first quarter of 2026 compared to the same period last year, and shoppers arriving from those sources are now spending more, staying longer, and buying at…

Make CryptoSlate preferred on Crypto traders traded more than $500 million in synthetic oil futures over the weekend on the decentralized exchange Hyperliquid, betting that renewed military conflict in the Middle East could push crude prices back to $100 a barrel.The surge in blockchain-based trading followed Iran’s abrupt decision to shut the Strait of Hormuz to commercial shipping, reversing a reopening announced just a day earlier.Reports of attacks on vessels near the vital waterway sent investors scrambling for ways to hedge their energy exposure while traditional global financial markets were closed. Related ReadingBitcoin shrugs off oil surge and geopolitical tension,…

For many years, the idea that publicly traded corporations might buy Bitcoin for their reserves was considered laughable. The top cryptocurrency was considered too volatile, too fringe to be embraced by any serious business.That taboo has been well and truly broken, with a number of major institutional investors buying up Bitcoin in recent years.The floodgates first opened when cloud software company MicroStrategy bought $425 million worth of Bitcoin in August and September 2020. Others followed suit, including payments processor Block and electric car manufacturer Tesla.Per BitcoinTreasuries, public companies holding Bitcoin now account for 5.39% of the total supply of 21…

Make CryptoSlate preferred on Bitcoin’s network just recorded its lowest activity in eight years, and the price has barely flinched.CryptoQuant flagged that active BTC addresses hit their lowest level since 2016 on Apr. 8. At the same time, Glassnode’s latest 24-hour reading puts active addresses at 661,313, a number that, set against a price near $78,000, produces one of the more uncomfortable charts in recent crypto history.The reading that quiet networks are quiet markets misses what has changed structurally. A growing share of Bitcoin exposure now trades without leaving any footprint on the base layer.BlackRock’s IBIT delivers Bitcoin exposure through…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure 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 Kelp DAO Response Prevents Additional Exploit Attempts  According to blockchain data, the attack on the Kelp DAO exploited a weakness in cross-chain communication, specifically targeting the bridge mechanism used to transfer assets across networks. The exploit was executed via a call…

Make CryptoSlate preferred on The SEC has approved a rule change that eliminates one of Wall Street’s most recognizable barriers for small traders: the old $25,000 minimum tied to pattern day-trading restrictions.Regulators signed off on FINRA’s proposal to scrap a framework that long made it harder for smaller investors to make rapid-fire stock trades, replacing it with a system aimed at measuring intraday risk.The change might not be a rewrite of crypto regulation per se, but it carries certain implications for Bitcoin because the same retail crowd that speculates in stocks and options often moves through crypto too. Related ReadingWhy…

Make CryptoSlate preferred on A White House digital assets official has slammed the traditional banking sector’s continued opposition to the proposed stablecoin yield compromise in the CLARITY Act.On April 17, Patrick Witt, the executive director of the White House Presidential Advisory Committee on Digital Assets, accused the financial institutions of “greed or ignorance” due to their intensified lobbying efforts to block yield-bearing stablecoins in the upcoming legislation.According to him:“It’s hard to explain any further lobbying by banks on this issue as motivated by anything other than greed or ignorance. Move on.”US lawmakers make bipartisan sablecoin yield compromise for CLARITY ActThe…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has climbed back above $75,000 as easing Middle East tensions helped reduce risk appetite and led to inflows into the crypto industry. A 10-day ceasefire linked to the Israel-Lebanon front and Iran’s declaration that the Strait of Hormuz is open to commercial shipping all helped cool oil prices and improve sentiment across stocks and cryptocurrencies. Bitcoin is now trading around $76,778, after touching an intraday high of $78,240. However, the most important question is whether this move is the start of a real run to six…