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4/20
20:36
Svmuu News: Malaysian digital asset trading platform Hata has completed an $8 million Series A funding round, led by Bybit, with participation from several global family offices. Hata holds dual licenses from the Securities Commission Malaysia and the Labuan Financial Services Authority, enabling it to provide digital asset trading and custody services locally. The raised funds will be used to enhance liquidity, expand the user base, and develop more products. (Cointelegraph)
20:33
Svmuu News Singapore's Oversea-Chinese Banking Corporation (OCBC) and its asset management division, Lion Global Investors, have announced plans to issue the physical gold fund token GOLDX Token on the Ethereum and Solana blockchains. It is reported that OCBC will support the token issuance architecture design, while Lion Global Investors will provide the investment framework and governance structure for the underlying fund. (TheAsianBanker)
20:33
Svmuu News: South Korean crypto venture capital firm Hashed Ventures announced that it has secured a 3 billion won (approximately $2.2 million) investment. Hecto Innovation and Hecto Financial, both under the Hecto Group, participated in this funding round. The new capital will be injected into Hashed Ventures' "Hashed Venture Investment Fund No. 3," with a focus on supporting new business areas such as digital asset wallets and stablecoin payment settlements. (Digitaltoday)
20:31
According to a post by SlowMist CISO @im23pads on the X platform, Claude Desktop has been exposed for secretly writing browser backdoor files. When users install the Claude Desktop application, it writes a special file to all Chromium-based browsers on the computer without the user's knowledge. This file acts as a pre-authorized backdoor, which, when used in conjunction with specific browser extensions, can grant complete control over the user's browser.
20:28
Svmuu News DefiLlama founder 0xngmi posted on X platform to calculate the potential disposal solutions for the Kelp security incident, proposing three possible paths: first, all users share the losses; second, abandon rsETH holders on L2; third, implement retrospective compensation based on pre-attack snapshots (relatively difficult to achieve).
Calculations show that if the option of sharing losses among all users is chosen for the approximately 666,000 rsETH currently deployed across Aave, estimated based on positions nearing 95% liquidation LTV, it would result in an overall impairment of about 18.5%. Of this, approximately 13.5% would translate into bad debt, corresponding to a scale of around $216 million. If the Umbrella mechanism covers about $55 million and the Aave treasury provides approximately $85 million in support, there would still be a shortfall of about $76 million, which would need to be covered through borrowing or selling AAVE tokens (currently $51 million).
If the option to abandon the L2 market is chosen, there are currently about $359 million in rsETH deposits. Under the same high-leverage assumption, this could generate approximately $341 million in bad debt, which would not be covered by the Umbrella mechanism and would need to be borne by Aave itself, or selective rescue operations could be conducted for some markets (such as Arbitrum, Mantle, Base).
20:25
Svmuu News Bloomberg senior ETF analyst Eric Balchunas posted on the X platform, stating that Bitcoin ETF inflows have surpassed $10 billion this year, successfully reversing the previous net outflow situation and achieving positive growth. The next key observation metric is the cumulative historical net inflow size (the most important and challenging indicator), which previously peaked at $62.8 billion and is currently around $58 billion, still about $5 billion away from setting a new historical high. During the development of an asset class, the key is to control the scale of outflows during market downturns to reduce subsequent recovery pressure; in this regard, spot Bitcoin ETFs have outperformed other popular asset classes.
20:23
Svmuu News According to Onchain Lens monitoring, a whale withdrew 18,300 ETH, worth $42.18 million, from Binance. Of this amount, 12,000 ETH have been sold to repay an Aave loan. The whale still holds 6,315 $ETH (worth $14.62 million) and is likely to sell it soon.
20:21
Svmuu News According to on-chain analyst Ai Yi's monitoring, Justin Sun withdrew another 50 million USDC from HTX last night. This means that over the past 8 hours, he has cumulatively deposited 105 million USDC into Spark. Combined with the previously deposited 53,665 ETH, the total value amounts to a staggering $174 million. Spark's USDC deposit pool TVL currently stands at $467 million, with Justin Sun's funds alone accounting for nearly 22.5%.
20:20
Svmuu News BNB treasury company BNB Plus disclosed that it has received a notice from Nasdaq. Due to its stock price falling below the minimum requirement of $1, it no longer meets the continued listing standards. Furthermore, because the company implemented a reverse stock split within the past year, it is not eligible for the standard compliance period. The company stated it has requested a hearing, and its stock will continue to trade on Nasdaq until the outcome is determined.
Additionally, BNB Plus announced that its board of directors has approved the initiation of an evaluation of strategic alternatives to maximize shareholder value. Potential options include transactions such as mergers, reverse mergers, asset sales, joint ventures, financing, etc. As of now, the value of its crypto treasury assets is approximately $12.2 million. (Businesswire)
20:17
Svmuu News Lido posted on platform X stating that on April 18th, the Kelp cross-chain bridge was attacked, resulting in the theft of approximately 116,500 rsETH (worth about $292 million). Subsequently, the related assets were frozen on lending markets such as Aave.
Its treasury product EarnETH has approximately a 9% risk exposure (about $21.6 million) through leveraged rsETH/ETH positions on Aave. Meanwhile, rising borrowing utilization is creating cost pressure on other strategies. The team is advancing deleveraging and reducing overall risk.
Lido pointed out that the final impact of the rsETH positions depends on the subsequent handling by Kelp, LayerZero, and Aave, including loss sharing, asset recovery, and bad debt processing.
Regarding risk mitigation, EarnETH can, if necessary, activate a $3 million "first-loss protection mechanism" (provided by the DAO treasury) to cover losses. The specific scale of its use is still pending further evaluation. Currently, the treasury has suspended deposits and withdrawals to ensure fairness and complete loss assessment. If the handling process is slow, redemption channels may be reopened based on the worst-case loss expectations.
The official emphasized that stETH and wstETH are unaffected, and the core staking protocol was not involved in this incident.
20:14
Svmuu News According to MLM monitoring, Paradigm unstaked 2.14 million HYPE tokens last night, involving multiple addresses, with a value of approximately $88 million.
20:10
Svmuu News According to the US Senate Banking Committee, a nomination confirmation hearing for Warsh will be held at 10:00 AM EST on Tuesday (22:00 Beijing Time on Tuesday). Foreign exchange analyst Adam Button stated that Warsh has maintained an unusually low profile since his nomination, meaning tomorrow will be the first real opportunity for the outside world to understand his stance. The market is already familiar with Warsh prior to his nomination, and his resume suggests a hawkish leaning. His dovish inclination lies in his belief that productivity is about to surge, hence interest rates should be lowered. This aligns perfectly with Trump's wishes. Senators will take note of this, and he will also face questioning.
Politico's report indicates that he will at least go through the motions. I don't know if anyone will believe what he is about to say, but once Trump abandons the investigation into Powell, his confirmation is essentially a done deal. Tomorrow is a hearing, not a vote. What makes me uneasy is that his testimony was actually leaked to Politico, which is already very poor conduct for a position requiring strict information control. There's only one question that truly matters for the forex market and interest rates: independence. Will Warsh defend it, evade it, or simply follow orders? How tough will he appear? Can he be convincing without saying something that would cause Trump to withdraw the nomination? Given all the drama surrounding Iran, this hearing won't be as high-profile as usual. (Jin10)
20:08
According to Onchain Lens monitoring, BlackRock withdrew 3,372 BTC from Coinbase in the past 8 hours, valued at $255.86 million.
20:08
Svmuu News According to on-chain analyst Ai Yi's monitoring, Trend Research under Yilihua has resumed operations after a month. 50 minutes ago, it transferred 5.41 million UNI and 228,000 COMP to a new address 0xfa9…FEB58, with a total value of $23.32 million. The ownership of the address has not yet been determined.
20:06
Svmuu News U.S. President Trump stated in a phone interview that Iran "will negotiate" and expressed confidence in potential talks to be held in Pakistan. Trump said, "They will negotiate, and if they don't, they will face unprecedented problems." He also expressed hope that both sides could reach a "fair deal" and emphasized that Iran "will not possess nuclear weapons." He defended the military action against Iran, saying there was "no other choice," and stated that the "final cleanup work" would eventually be completed. (CCTV International News)
20:05
Svmuu News The x402 protocol, incubated by Coinbase, has announced the launch of a unified platform called Agent.market, positioned as an "AI Agent App Store" for centrally showcasing and integrating various tools and services built on the protocol. According to the introduction, Agent.market already covers seven major categories at launch: inference, data, media, search, social, infrastructure, and trading. It integrates service providers including OpenAI, Bloomberg, CoinGecko, LinkedIn, X, and AWS Lambda, and supports permissionless integration.
Erik Reppel, Engineering Lead at Coinbase Developer Platform, stated that the platform is essentially "an app store for agents." Currently, there are approximately 69,000 active agents on the x402 network, which have cumulatively completed over 165 million transactions, with a transaction volume reaching $50 million. Most services on Agent.market adopt a pay-per-use model, with some charging an "agentic premium" for AI agents. However, costs can be reduced through subscriptions in high-frequency usage scenarios. Meanwhile, the "agent economy" based on x402 is lowering customer acquisition and integration costs for businesses, unlocking previously constrained demand due to API keys, subscriptions, and micro-payment mechanisms.
The x402 protocol is named after the HTTP 402 "Payment Required" status code, enabling websites, APIs, and AI agents to conduct instant micropayments via blockchain and traditional payment channels. The protocol is governed as an open standard by the x402 Foundation under the Linux Foundation and has received support from over 20 technology and crypto institutions including Cloudflare, Stripe, Amazon Web Services, Google, and Visa. (The Block)
20:03
Svmuu Seer Channel monitoring shows that in the Polymarket prediction event "NBA Playoffs Cavaliers vs. Raptors," an account with nearly $3 million in profit (address: 0x2a2c53bd278c04da9962fcf96490e17f3dfb9bc1) purchased $130,000 on the Cavaliers defeating the Raptors, with an average opening price of 79¢; additionally, it purchased $20,000 on the total score of Cavaliers vs. Raptors being less than 221.5, with an average opening price of 48.1¢.
The NBA Playoffs Cavaliers vs. Raptors game started at 7 AM Beijing time today and is about to enter halftime, with the score at 52:45, the Cavaliers leading by 7 points. The series score is 1:0, with the Cavaliers leading.
Svmuu Seer Channel continues to monitor prediction markets, seeing changes before they are priced in.
Account with nearly $3 million in profit purchases $130,000 on NBA Playoffs Cavaliers defeating Raptors
20:02
Svmuu News: Crypto fund C1 Fund announced a partial exit from its investment in Ripple, achieving an approximately 150% return in less than four months. However, the specific profit amount has not been disclosed. C1 Fund's portfolio also includes companies like Kraken, Consensys, and Chainalysis. The fund stated it will continue to invest in high-quality crypto companies in the future. (Businesswire)
20:01
Svmuu News Dragonfly partner Haseeb Qureshi posted on X, stating that DeFi grows precisely through repeated failures. From the Terra collapse, the "Black Thursday" liquidation failures in 2020, to the stETH depegging event in 2022, the industry has faced repeated setbacks, yet it progresses with each correction. This process is no different from the development path of traditional finance, such as the 2008 financial crisis or the Savings and Loan Crisis in the 1980s, where systems were refined through crises.
Haseeb emphasized that these failures are not fatal; the core of DeFi still possesses risk control and system resilience. For example, Aave, even when facing potential bad debts, has sufficient capital buffers to cope. He believes that the intense discussions surrounding improvement proposals are precisely the key mechanism driving the continuous evolution of DeFi, and reiterated his long-term optimism for DeFi and its community development.
19:59
Svmuu News U.S. Senator Thom Tillis is urging the Senate Banking Committee to postpone the deliberation of the crypto market structure bill until May, in order to secure more time for finalizing a regulatory compromise on stablecoins between banks and the crypto industry.
This move aims to provide additional negotiation space for key disagreements surrounding stablecoins and to promote the formation of a more feasible regulatory framework. (Cointelegraph)

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