Author: CryptoPress

An attacker drained 116,500 rsETH ($292 million) from the Kelp DAO LayerZero bridge, using the unbacked tokens as collateral to borrow WETH on Aave. Aave is currently grappling with approximately $280 million in bad debt as the fraudulent rsETH collateral is effectively worthless and unliquidatable. The protocol’s ETH pool utilization reached 100%, temporarily preventing further withdrawals and sparking over $5.4 billion in total...

MicroStrategy’s 780,897 BTC treasury has returned to an unrealized profit after Bitcoin climbed back above the company’s average entry price.The firm’s total holdings are now valued at approximately $59 billion, representing a significant recovery from recent market volatility. Executive Chairman Michael Saylor reported a “Bitcoin Gain” of 17,585 BTC for the first two weeks of April, reinforcing the firm’s...

Tether is spearheading a $150 million recovery package for Drift Protocol, contributing up to $127.5 million alongside $20 million from other partners. The initiative follows an April 1 exploit that drained approximately $270 million to $285 million from the Solana-based perpetual DEX. As part of the relaunch, Drift will pivot from USDC to USDT as its primary settlement asset for its 128,000 users. Tether has announced a strategic commitment...

BitMine Immersion Technologies posted a $3.82 billion net loss for the fiscal second quarter ended Feb. 28, 2026, primarily due to unrealized fair-value adjustments on its Ethereum holdings. The company now holds 4.87 million ETH, representing approximately 4.04% of the total circulating supply, as it nears its “Alchemy of 5%” ownership goal. Despite the net loss, quarterly revenue surged to $11.04 million, a 633% year-over-year...

Bitcoin exchange inflows reached their highest levels since late 2025, with over 65,000 BTC moved to platforms within 24 hours as prices tested $76,000. The share of large-holder deposits as a percentage of total inflows surged from under 10% to over 40%, signaling potential distribution by whales. Analysts identify the Traders’ On-Chain Realized Price at $76,800 as a critical psychological and technical barrier for current market...