Wu says it's a daily choice of encrypted news + Wu says it's a weekly selection: News Top10 and popular articles
1. Aave led the "DeFi United" to make up for rsETH 's bad debts and has now raised over $160 million in aid commitments
According to the after-effects of the analyst, in order to compensate 75,081 ETH bad debts resulting from the rsETH incident, Aave led the establishment of the "DeFi United" assistance programme and contributed 25,000 ETH itself. According to official web data, the programme has now received approximately 69,576 ETH (approximately $161 million) of aid commitments, with the main contributors being Mantle, Aave DAO, Ether Fi, etc., and only about 5,500 short of the gap to fill。
IN THE CASE OF THE ALLEGED PRIVATE TRANSFER OF NEARLY 5 MILLION USDTS BY THE FORMER MONEY-FIRED EXECUTIVE, THE CHARGES OF MONEY-LAUNDERING AND SO FORTH WERE DISMISSED
THE JURY OF THE HIGH COURT OF HONG KONG RULED THAT NONE OF THE 499,000 USDTS, OR APPROXIMATELY HK$ 39.18 MILLION, HAD BEEN FOUND GUILTY OF DISHONEST ACCESS TO COMPUTERS AND ONE MONEY LAUNDERING CASE, IN THE CASE OF CHEN BURIAN, THE FORMER SENIOR MANAGER OF THE FIRE CURRENCY GROUP. THE PROSECUTION ORIGINALLY CHARGED THE ACCUSED WITH BEING SUSPECTED OF OPENING AN ACCOUNT UNDER A PSEUDONYM IN 2020 WITHOUT RESTRICTION AND TRANSFERRING THE FUNDS TO AN INDIVIDUAL OKX-MONEY ACCOUNT. ON THE MERITS, IT WAS NOTED THAT SEVERAL FORMER EXECUTIVES, SUCH AS COO JUDGAVIE, HAD REFUSED TO APPEAR AS PROSECUTION WITNESSES。
3.a16z crypto: Stable currency is evolving into financial infrastructure, Q1 adjusted transactions amounting to $4.5 trillion
a16z crypto issued an updated report indicating that the stabilization currency is gradually evolving from trading instruments to financial infrastructure. The report shows that the United States stabilization currency regulatory framework, GENIUS Act, has increased the volume of related adjusted transactions from Q1 in 2026 to about $4.5 trillion; at the same time, stable currency flows have increased from 2.6 to about six times since the beginning of 2024. The report also notes that the stable currency use landscape is shifting from cross-border transfers to local payments and business transactions, with about two thirds of the payments currently coming from Asia。
Ben Pasternak was arrested again in New York on suspicion of second-degree neck strangulation and assault
Ben Pasternak, the founder of the Belive platform, was arrested in New York on suspicion of second-degree neck strangulation and assault and has pleaded not guilty, and the case will be reopened on 11 June. Public reports indicate that the charges relate to a conflict between her and her former girlfriend Evelyn Ha on 31 March. According to the prosecution, Ben Pasternak, who was living in Baccarat Hotel in New York at the time, spent approximately US$ 2,000 per night, partly to avoid the delivery of civil proceedings related to its encryption project, Belive。
Zhou said Zhou was the best: DeFi Industries, Aave, a huge outflow of Spark, Hong Kong push asset monetization, Top10
This week, Top10
1. Operation of bitcoin nodes by the Government of the United States for use in network security testing as a computer science toollink
Samuel Paparo, the commander of the United States Indian and Pacific Command, stated that the United States Government was currently operating a Bitcoin node to test its applications in the area of cybersecurity, but was not involved in bitcoin mining; that work was still at an experimental stage, mainly treating bitcoin as a password and block chain technical tool for monitoring the network and enhancing system security, and that it referred to the stabilization currency legislation (GENIUS Act) as helping to preserve the position of the dollar in the global system。
2. Political groups associated with the encryption industry reserve close to $180 million for the United States mid-term electionslink
Political groups associated with the encrypted currency industry have accumulated nearly $180 million in reserves before this year’s mid-year elections in the United States, even larger than some of the Republicans’ major super-political action committees. It was reported that most of these funds had been carried over from the previous year and that the vast majority of them were held by Fairshanke. The main sponsors of Fairshake are Coinbase, Ripple Labs and Andreasen Horowitz。
3. Over 100 encryption firms urged the United States Senate to move forward with Clarity Act to establish a federal market regulatory frameworklink
A coalition of over 100 encryption companies and industry organizations, including Coinbase, Ripple, Circle and Kraken, is pressuring the United States Senate Banking Commission to review the Clarity Act with a view to establishing a federal-level regulatory framework for the digital asset market. In a letter to the Senator, the League stated that the administrative actions of government agencies alone could not provide stable rules and warned of the risk of “enforcement-type regulation”. The letter identified six core priorities, including: a clear division of regulatory responsibilities between SEC and CFTC; protection of non-trust developers; simplified disclosure rules; and the establishment of federal standards to avoid fragmentation of state laws。
4. Hong Kong officials: promoting more asset class monetizationlink
At an event held on 20 April, the Deputy Director-General for Finance and Treasury of Hong Kong, Chen Hoo-chul, stated that the regulatory system for digital asset transaction service providers and digital asset custodians was being actively developed with the CVM, with the aim of submitting draft regulations to the Legislative Council in 2026. The Hong Kong Government will regularize the issue of tokenized bonds and promote more asset classes for currency. The SEC is currently working with industry on secondary market transaction rules, with the aim of publishing policy details in the first half of 2026。
5. Strategy announced the purchase of 34,164 BTCs at approximately US$ 25.40 billionlink
Strategy announced the purchase of 34,164 BTCs at an average price of approximately US$ 74,395 at approximately US$ 25.40 billion. The BTC rate of return since the beginning of 2026 was 9.5 per cent. As at 19 April, the company held 815,061 BTCs at a total cost of approximately $61.56 billion and an average cost of approximately $75,527。
Michael Saylor states that Strategy achieved about 6.2 per cent of the BTC gains (BTC Yield) in the first three weeks of April and recorded approximately 47,079 BTC incremental gains, amounting to approximately $3.6 billion at current prices. It views “BTC Gain” as an indicator similar to net profits under the Bitcoin standard。
6. Bitmine plus 101,627 ETH with total hold of 4,976,485link
BitMine has an additional 101,627 ETH, with a total of 4,976,485 in hold, or approximately 4.12 per cent of the total supply. Total assets amounted to approximately $12.9 billion, comprising $112 billion in cash, 199 BTCs, $200 million Best Industries equity and $107 million Eightco Holdings investments. Of these, approximately 3.33 million ETH have been pledged, valued at approximately $7.7 billion, and annualized proceeds at approximately $221 million。
7. KelpDAO Stolen Funds into the Cleaning Phase, Collective Rescue by DeFi Industrieslink
The LayerZero communication disclosed that KelpDAO had suffered an attack on 18 April 2026 that had lost approximately $290 million, initially attributed to Lazarus Group (Tradertraitor) of suspected North Korea DPRK, and that the attack on downstream RPC used through contamination of DVN and in conjunction with DDoS trigger failure transfer had enabled DVN to confirm that there had been no transaction, no use of protocol or key breach; the incident originated in KelpDAO ' s use of 1/1 single DVN configuration, resulting in a single point lapse, affecting only rsETH。
According to the chain analyst Specter, KelpDAO cross-bridge assault funds are in the phase of disassembly and cross-chain cleansing; the attackers dispersed their assets to multiple addresses, one of which quickly started the money-laundering process after receiving the funds, about 99 per cent of which was transferred to the Bitcoin network via THOOR Chain, leading the agreement to a single-day transaction of approximately $211 million (approximately 10 times the 30-day average); and there are currently approximately 442 BTCs (approximately $33 million) in multiple addresses, which have accumulated more than 400 addresses to transfer and some of which are mixed with historical Korean-related assault funds。
According to residual monitoring, KelpDAO hackers have converted almost all of their holdings of 75,700 ETH (approximately $175 million) across the chain into BTCs for about a day and a half. It is known that hackers were mainly using the THOR Chain agreement for this cross-chain conversion. Owing to the scale of the transaction, the money-laundering of hackers has simultaneously generated up to $800 million in transaction volumes for THORchain and some $910,000 in platform fees。
The Llama Risk (Aave DAO risk service provider) published the rsETH Information Report, which provides a quantitative estimate of the potential bad debt effects of the events at Aave and proposes two main scenarios: first, a flat allocation of losses of approximately 15.12 per cent for all rsETH holders, corresponding to approximately $123.7 million bad debts; second, a reduction of approximately 73.54 per cent for losses concentrated in L2 rsETH; and second, an immediate suspension of the WETH Umbrella module to retain capacity to cover and manage potential bad debts in conjunction with ecological participants, mainly in Mantle, Arbitrum, Base; and, at the same time, the report notes that the current multi-chain WETH stock utilization rate is 100 per cent, with an underweight balance of $20, and liquidation liquidity is limited, with the potential to magnify risk transfer; and, with regard to response, it is recommended that the WETH Umbrella module be suspended immediately to retain capacity to cover and that the final impact of the potential bad debts will depend on Kelp allocation and recovery
Kelp DAO indicated that it was working with Aave and various ecological partners to restore the rsETH event. The initial gap is about 163,200 ETH, which has been recovered about 40,300 rsETH (approximately 43,000 ETH), while the Arbitrum Security Council assists in recovering about 30,700 ETH, while the remaining gap is about 89,500 ETH. In addition, including the support of Mantle, Stani Kulechov, EtherFi, Lido, Golem, etc., which has already committed approximately 43,500 ETH, Kelp is pursuing follow-up with relevant parties。
8. Aave ' s financial outflows reached $15.1 billion, partially withdrawing funds to Sparklink
According to @EmberCN, funds on Aave have recently continued to flow, amounting to 15.5 billion in three and a half days. Its total deposits had dropped from $48.5 billion prior to the events to the current $30.7 billion, leaving about one third of the funds. At the same time, other mainstream lending platforms show different financial dynamics: the total deposits of Morpho dropped from 11.7 billion before the events of rsETH to 1.02 billion and moved out of 1.5 billion; while the SparkLend business of Spark increased from 1.9 billion before the events of rsETH to 3.2 billion, recording 1.3 billion inflows. Spark absorbs some of the withdrawals of giant whales and agencies from Aave, including Sun early in the morning and the well-known 500 million-second-end giant whales。
As at the time of the release of the data, after Aave coordinated the creation of the "DeFi United" for recovery assistance and obtained 30,000 ETH loans and 135,000 ETH contributions, the confidence recovery was more visible, and Aave had not continued to outflow funds in the last few hours; it was also revealed that Aave's current total deposits amounted to $28.6 billion, a $17.2 billion decrease compared to prior to the events of rsETH, and that if the follow-up funds did not continue to flow, the rsETH cumulative loss of funds amounted to 37 per cent。
9. Morgan Chase, known as the security gap, continues to weaken the agency ' s attractivenesslink
According to Chase Morgan, persistent security loopholes and stagnant total lock value (TVL) continue to weaken DeFi ' s institutional appeal. According to the report, the KelpDAO loophole had wiped out some $20 billion in TVL in a few days, and the attackers had forged $292 million without collateral rsETH through the bridge, and had withdrawn some $200 million in bad debts as collateral from the loan agreement. According to Chase Morgan, the level of loss for hacker attacks this year is the same as in 2025, and the infrastructure and cross-chain breach remains the main risk; at the same time, DeFi ' s TVL recovery in dollar terms remains largely unchanged in ETH, showing limited organic expansion. The report also states that the transfer of funds from DeFi lending to USDT following the incident reflects the continued shift of investors to stable currencies during the period of the pressure。
Dragonfly management partner Haseeb wrote that DeFi had experienced shocks in the Terra collapse, the collapse of the liquidation mechanism in 2020 and the steteh anchoring in 2022, but that the mechanism had been refined over time, a process similar to the evolution of traditional finance in successive crises; that it believed that current risks did not pose a systemic threat; that agreements such as Aave were capable of absorbing bad debts; and that industry was constantly optimizing its structure through continuous discussions and institutional adjustments。
10. SBF Early US$ 200,000 in Cursor financing, with current value if not sold at approximately US$ 3 billionlink
Mask SpaceX announced a partnership with the AI programming company Cursor, which granted SpaceX the right to buy it at $60 billion later this year, or to pay $10 billion to advance cooperation. The Cursor developer, Anyshere, completed a $400,000 Pre-Seed round of financing in April 2022, with Alameda Research and Heroic Ventures. Of these, SBF Alameda invested $200,000 in Anysphere and obtained approximately 5 per cent of the shares. The FTX bankruptcy authority sold the shares of Anyshe held by the entity under Alameda Research in April 2023 at $200,000. Analysts estimate that the value of the previous FTX sale was approximately $3 billion。
Sam Bankman-Fried (SBF) account number X states that if the FTX team did not sell its core warehouse, the first six holdings of FTX were calculated at the current total value or $114 billion by the 22 April 2026 caliber. Of this amount, Anthropic is about $82.3 billion, Solana is about $5.1 billion, Robinhood is about $4.9 billion, Genesis Digital is about $3.5 billion, SpaceX is about $15 billion and Cursor is about $3 billion。
Focused financing events
- Polymarket is negotiating a valuation of about $15 billionlink
- JPYC announced the completion of the Second Financing of Series B about Yen 2.8 billionlink
- Tether participated in the investment of $8 million in strategic financing for the Abu Dhabi compliance monetization platformlink
- Malaysia Digital Asset Exchange, Hata completed $8 million A Round Finance, Bybitlink
- RealGo announced the completion of over $3.5 million in strategic financing with investments from Animoca Brands, Cogitent Ventureslink
- 3F COMPLETION OF $4 MILLION IN FINANCING AND ROLL-OUT OF RWA LEVERAGE PRODUCTS PROJECTED 2026 Q2 ONLINElink
More industry financing events availablecrypto-fundraising.infoI don't know。
