Beyond the Breach: Why rsETH’s Depegging Demands a New Standard for Bridge Security

Following a breach by suspected North Korea-backed hackers, KelpDAO’s liquid restaked token, rsETH, depegged from ether. Flare CPO Filip Koprivec argues that the rsETH incident proves bridge security must be treated as a core component of collateral risk management. Key Takeaways: rsETH depegged to $1,723 on April 23 after KelpDAO suffered a breach by suspected … Read more

Circle Economist Proposes Higher USDC Rates on Aave V3 After KelpDAO Exploit

Gordon Liao, Circle’s Chief Economist, submitted a governance proposal on April 22, 2026, calling on Aave to raise USDC borrow rates sharply on its V3 Ethereum Core market after a $292 million exploit against KelpDAO left the pool functionally frozen for four consecutive days. Key Takeaways: Circle’s Chief Economist Gordon Liao proposed raising USDC’s Aave … Read more

Bitcoin Retreats From $79K Peak as Middle East Economic Warfare Intensifies

Bitcoin’s momentum stalled on Thursday as the asset retreated from a peak of $79,500 to consolidate around $78,000. This 1.2% dip marked the cryptocurrency’s first 24-hour loss in several days, resulting in a $10 billion decline in total market capitalization. Key Takeaways: On April 23, bitcoin dipped to $77,201 after failing to sustain its $79,500 … Read more

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