Aave asks Arbitrum to send 30K ETH from Kelp exploiter to ‘DeFi United’
More than $21 million in contributions has been made to the "DeFi United" relief effort so far, with another $215 million to be potentially allocated if certain governance proposals succeed....
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Aave raises nearly 80% of the $200 million it needs to cover bad debt left by Kelp DAO exploit
Aave has raised $160 million of $200 million needed to cover bad debt from the Kelp DAO exploit, the year's largest DeFi breach. Mantle and Aave DAO contributed $127 million combined, while founder Stani Kulechov pledged $11.7 million personally. The DeFi United recovery effort aims to stabilize rsETH and restore market confidence after the $292 million security incident.
Pudgy Penguins, BAYC rally masks a shrinking NFT market as volumes and users fall
Pudgy Penguins and BAYC prices surge double digits, but the broader NFT market is contracting sharply. Global sales fell to $175 million in April from $304 million in February, while active users and transactions halved. Price concentration in blue-chip collections masks dwindling participation, with wash trading still accounting for 50% of volume. The rally partially reflects ETH and BTC strength rather than NFT-specific demand revival.
Bitcoin pulls back from 12-week high as Iran rally hits seller wall at $79,400
Bitcoin retreated from $79,399 after hitting a 12-week high, as sellers dominated Asian trading Monday. The $80,000 zone represents breakeven for recent buyers, creating selling pressure despite 16% April gains and strong institutional accumulation. Fed and ECB decisions this week could provide the catalyst needed to break through resistance. Without it, repeated rejections near $79,000 may define the trading range instead of signaling a breakout.