Ethereum (ETH)

Kelp's rsETH was infinitely minted, causing Aave to be attacked For details, see 궈니's tweet It seems the Layerzero Bridge was also attacked rsETH is present not only on Aave but across most lending/DEX platforms, so it’s probably best to withdraw and revoke any positions you have in DeFi Everyone is doing that, so a liquidity drain similar to a bank run is expected If you are in any of the following states, we recommend withdrawing/revoking: Aave, Morpho, Euler, etc. lending stETH, eETH and other LST/LRT Yield‑bearing stablecoins Layerzero OFT tokens But… USDC is also a Layerzero OFT So I wonder if they built their own bridge, but in any case they’ll keep using Layerzero, which is free, while a self‑built bridge charges fees Anyway… it seems better to stay out of DeFi for now… ㅜ Sigh....

All resolved now: https://t.co/GelgXLsTT6 https://t.co/loHiKuzhlV

KelperDAO was compromised because its L0 DVN validator was 1/1 breached, resulting in about $280 million worth of rsETH being stolen from the Ethereum mainnet L0 bridge. Without liquidity to flee, the hacker deposited the rsETH into lending protocols such as Aave and Compound, borrowing real WETH and creating a funding hole in these protocols. Aave currently estimates the shortfall to be over $100 million, while the safety fund (Umbrella) only has $56 million, insufficient to cover 100%. Aave's ETH on both Ethereum and Arbitrum is utilized at 100%, making it impossible to withdraw any ETH assets. Mainstream assets like USDT and USDC still have liquidity and can be withdrawn, but considering the protocol's funding gap, a mass withdrawal could eventually leave some funds unrecoverable. If the issue is not addressed by the officials, ETH depositors may borrow other mainstream assets to withdraw a portion of their assets. In this game, users with deposits of other assets could exit first; many Asian users may not have reacted yet, and will later join the run on Aave. The official solution of minting more AAVE and auctioning tokens to fill the funding gap might be a practical approach, similar to the MakerDAO case. This hacking incident severely damages confidence in DeFi protocol security, striking the core infrastructure of the entire sector. The situation is very distressing, and it is unclear how long recovery will take…

NFTs didn’t just survive the bear market… they ate it alive This grid shows the full evolution: from ETH OGs like pudgys to BAYC to Memeland, to Sols like Claynosaurz & Mad Lads still cooking in 2026 Real culture. Real IP. Real bags. The meta never died, it just evolved Are you’re still in the game??

KelperDAO's L0 DVN validator was compromised (only a 1/1 validator), resulting in about $280 million worth of rseth being stolen from the L0 bridge on the Ethereum mainnet. Without liquidity to flee, the hacker deposited the rseth into lending protocols such as Aave and Compound, borrowing real WETH and causing those protocols to develop a liquidity hole. Currently, Aave estimates the hole to be over $100 million, while the safety fund (Umbrella) only has $56 million, insufficient to cover 100%. At present, the utilization of ETH on Aave's ETH market and on Arbitrum's ETH market has reached 100%, making it impossible to withdraw any ETH assets. Currently, major assets like USDT and USDC still have liquidity and can be withdrawn, but considering the protocol's liquidity hole, if users start a run on their allowances, eventually some funds will become inaccessible. If the issue is not resolved by the officials, it is expected that ETH depositors will first withdraw part of their assets using other major assets. In this game, those with other asset deposits can exit first; many Asian users have not yet reacted, and will later join the run on Aave. Aave may solve the liquidity hole by minting and auctioning tokens, a practical solution similar to the MakerDAO case. This hacking incident severely damages confidence in DeFi protocol security, directly hitting the core infrastructure of the whole sector. The team is very distressed and does not know how long recovery will take…

This purchase wasn’t random I wouldn’t be surprised if @BoredApeYC would be double digit ETH floor again in the coming months or sooner. - Currently sitting at a 7.35 ETH floor up from 5.1 ETH floor just a month ago. - 232 listed with 71 listed to 10 ETH floor - Most of the recent sales have been above floor. Probably one of the easiest indicators to keep your eyes on. Recent gold ape sale was for 72 ETH. - Floor apes are really just the most undesired traits. Most people don’t buy floor, especially if they’re buying mid to long term. - Yuga ecosystem as a whole is cooking imo from otherside to ape chain. However I think the most recent announcement related to the clubhouse is what got the community most excited. I think the strongest part of BAYC always has been community and community events. Ape fest is a testament to that. I think the focus is shifting back to that and the community is Receiving it well I also think having @mfigge as CEO was a solid move and again well received by the community.