Aave files emergency motion to lift restraining notice on frozen ETH
Aave filed an emergency motion in New York to lift a restraining notice blocking transfer of 30,766 ETH to Kelp exploit victims. A law firm claims North Korea-linked hackers own the frozen funds, seeking to redirect them toward default judgments. Aave argues thieves gain no lawful ownership and warned continued delays risk destabilizing the entire DeFi ecosystem.
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Ripple to share North Korean threat intelligence with crypto firms
Ripple is sharing North Korean threat intelligence with crypto firms via Crypto ISAC to combat sophisticated social engineering attacks. April's $285 million Drift breach and $292 million Kelp exploit revealed operatives no longer target smart contracts but infiltrate teams over months. Industry-wide intelligence sharing aims to identify repeat applicants rejected elsewhere, though effectiveness remains uncertain as attackers continue targeting crypto firms.
Polygon rolls out private stablecoin payments targeting institutions
Polygon launched private stablecoin payments using zero-knowledge proofs and Hinkal integration, enabling institutions to hide transaction details while maintaining regulatory compliance through Know Your Transaction screening. The feature addresses institutional adoption barriers, as banks require confidentiality for moving serious volumes onchain. Stablecoin market cap on Polygon hit $3.6 billion, positioning it as the eighth-largest stablecoin chain.
Bitcoin crosses $81,000, ETH, SOL, DOGE steady as options desks bid on further price jump
Bitcoin surged past $81,000 in Asian trading, marking its highest level since late January amid mixed performance from Ether, Solana, and Dogecoin. Options desks positioned for upside breakouts through cheap call strategies, expecting a decisive move above $80K to shift market sentiment positive. U.S. earnings and jobs data ahead could trigger further volatility despite ongoing geopolitical tensions.