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Crypto Hacks Hit $630M In April as DeFi Dominates Losses
The cryptocurrency industry has seen a sharp spike in hacks in April, with losses topping $600 million in the worst month for crypto hacks in more than a year.According to DeFiLlama, the total value hacked in April so far amounted to $629.7…
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Bitcoin Price Action Favors Bears But Profit Taking Overwhelms Each Rally
Bitcoin (BTC) traders pushed the price to $77,400, but data suggests profit-taking may thwart the bull's goal of turning the $77,000 to $80,000 zone into support. Orderbook data from TRDR shows over $130 million in asks extending from…
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KuCoin EU Hires AML Chief After Austria MiCA Business Ban
Update (April 29, 17:15 UTC): This article has been updated to include comments from KuCoin EU's AML officer Carmen Kleinhans and managing director Sabina Liu.KuCoin EU has appointed a new Anti-Money Laundering (AML) chief and expanded its…
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DeFi Exploits Push Builders to Rethink Emergency Controls
Andre Cronje says much of decentralized finance is “no longer DeFi” in the strict sense, as builders debate whether circuit breakers and other emergency controls are now necessary to protect users from exploits.The Flying Tulip founder told…
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Maduro Raid Commando Pleads Not Guilty After $400K Polymarket Bet on His Own Mission
Key Takeaways: Van Dyke pleads not guilty to five federal charges in Manhattan federal court Apr 28. Defense attorney Mark Geragos signals plan to challenge validity of the indictment. Kalshi had previously blocked Van Dyke under its ID…
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RedStone Launches Settlement Layer to Address RWA Liquidity Gap in DeFi Lending
RedStone, a decentralized oracle provider, has launched a new settlement layer for decentralized finance, aiming to make tokenized real-world assets (RWAs) usable as collateral in lending protocols.The system, called RedStone Settle, is…
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Aave Outlines Steps to Rebuild rsETH Collateral
Recovered tokens will be sent to a DeFi United multisig wallet, redeemed for ETH, and used to cover the shortfall across affected markets.
Aave has announced a recovery…
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Aave-Linked DeFi United Details rsETH Recovery Plan
The Aave-linked recovery group DeFi United has published a technical implementation plan to restore rsETH backing after the April 18 Kelp bridge exploit released 116,500 rsETH, worth about $293 million at the time, without a corresponding…
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Sen. Tillis Won’t Back Crypto Bill Without Ethics Provision
Republican US Senator Thom Tillis said he won’t support the Senate’s crypto market structure bill unless it includes ethics provisions limiting how White House officials can use crypto.“There has to be ethics language in the bill before it…
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MiCA Regime Puts Smaller Crypto Firms Under Pressure as EU Rules Tighten
The European Union’s Markets in Crypto Assets Regulation (MiCA) transition period is entering its final stretch, forcing smaller crypto firms across the EU to either secure authorization quickly or prepare to shut down regulated services.…
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