Early News | Kelp DAO lost approximately $292 million; RaveDAO responded to allegations of price manipulation; and Michael Saylor republished bitcoin tracker information
Photo by ChainCatcher
Important information:
- The rsETH bridge agreement for Kelp DAO is suspected of being hacked, with a loss of approximately $292 million
- Aave, the scale of the divestment was $6.6 billion, and USDT borrowing rates jumped to 15 per cent
- Comments on the draft Financial Act were completed, and little was involved in the legal status of digital currency, the boundaries of secure asset control, etc
- Michael Saylor re-dispatch bitcoin tracker information and release additional data next week
- Which one: Ordinary people want to make money in Web3 and, above all, build awareness
- RAVEDAO, responding to the rumour of price manipulation: Team has nothing to do with the excessive price volatility of RAVE tokens
What's important about the past 24 hours
Which one: Ordinary people want to make money in Web3 and, above all, build awareness
ChainCatcher, who was co-founder CEO in Hong Kong at the BNB Chain event, replied, “What does the average person do in the Web3 industry” that a group of people in any industry would have received dividends early in the day, as would the money ring. But even old OGs, who once earned a lot of money, are quickly abandoned if their thinking fails to keep pace with the times。
SHE SAID, "HOW MUCH MONEY A MAN EARNS IS ESSENTIALLY A REALIZATION." FOR ORDINARY PEOPLE, THERE ARE A FEW BIG OPPORTUNITIES IN LIFE, SUCH AS BUYING EARLY AND HOLDING BTC, BNB, OR CATCHING SHARES LIKE WEEDA IN THE AI ERA. HOWEVER, BUYING ASSETS ALONE DOES NOT MEAN MAKING MONEY, AND THE KEY IS TO TRULY UNDERSTAND THE STRUCTURE OF THE INDUSTRY AND THE LOGIC BEHIND IT, NOT SIMPLY FOMO。
ChainCatcher source,therFi wrote on platform X that its Liquid vault was not directly exposed to Kelp rsETH for the time being, but that weETH and eETH's LayerZero cross-bridge was suspended for preventive reasons until Kelp rs ETH was clearly established. At the same time, with respect to Liquid (ETH, BTC, USD), sETHFI and eBTC products, the Teller contract has been suspended to block the LayerZero OFT bridge and the deposit and withdrawal functions of the assets have been suspended simultaneously, and the progress is being updated in a timely manner, in close collaboration with security partners, pending confirmation of further details。
ChainCatcher, Lido from platform X stated that the team had been following the progress of the Kelp DAO security incident and that, as a result of the current opening of the ERSETH product to rsETH, additional deposits to the earnETH had been suspended for preventive reasons and further information would be disclosed in the light of the progress being made in conjunction with the relevant partners. Lido adds that steh and w steh were not affected by the rsETH incident and that the issue of this security incident did not involve the Lido pledge agreement itself。
Michael Saylor re-dispatch bitcoin tracker information and release additional data next week
ChainCatcher, Strategy Founder Michael Saylor re-published Bitcoin Tracker information and said, "Think Even ₿igger."
According to the previous rule, Strategy always discloses the additional bitcoin information the day after the release of the relevant information。
As at the last disclosure, Strategy held a total of 780,897 BTCs at an average warehouse cost of approximately US$ 75,577 per item。
ChainCatcher reports that a month-long draft of the People ' s Republic of China ' s Finance Law ended today, 19 April, and that it is China ' s first and worldwide umbrella law in the name of finance. The expansion of the “quasi-judicial powers” granted to financial regulation in the draft is an issue of high market interest。
In accordance with the design of article 55 and the relevant provisions, the financial authorities have the right to access and copy information, communication records and records of transactions relating to the property rights of entities and individuals when investigating financial violations; to freeze or seize funds and securities in cases where there is evidence of suspected transfer or concealment of funds and securities in violation of the law; and even to decide that a person suspected of having committed an offence may not leave the country during the investigation。
In addition, the Chief Expert and Director of the Shanghai Financial and Development Laboratory had just suggested that the Financial Code should also increase attention to and coverage of emerging financial practices. Artificial intelligence-driven financial decision-making, the legal status of digital currency, regulatory boundaries of encrypted assets, etc., have been the subject of extensive debate on a global scale, with few drafts. How to maintain a dynamic balance between legal regulation and inclusive innovation is a leftover of legislation。
Aave, the scale of the divestment was $6.6 billion, and USDT borrowing rates jumped to 15 per cent
ChainCatcher reports that, according to the chain analyst's residual ashes, $6.6 billion has been withdrawn from Aave today, half of which is stable. Deposits and borrowing rates have soared since the withdrawal of large sums of money that USDT and USDC deposit rates have reached 13.4 per cent and borrowing rates have reached 15 per cent。
ChainCatcher, chain data show that Kelp DAO based on LayerZero's rsETH Bridge Bridge Protocol is suspected of being used by hackers, with a loss of 116,500 rsETHs, valued at approximately $292 million。
Kelp DAO officially indicated that suspicious cross-chain activities involving rsETH had been detected, that the main network and several rsETH contracts on Layer2 had been suspended and that cooperation with security experts was under way and that updates would be provided。
ChainCatcher NewsIn response to allegations and rumours of recent price manipulation of RAVE coins, RaveDO wrote on platform X: “We note rumours and allegations surrounding the RAVE and RAVEDO teams。
We make it clear that the RaveDAO team has nothing to do with the high price volatility of the RAVE token, nor is it responsible for recent price fluctuations. RAVEDAO attaches great importance to transparency and is currently focusing on promoting the large-scale adoption of Web3 through offline activities.”
Aave, the amount is not yet known because of bad debts in the rsETH attack
ChainCatcher, due to the use of stolen rsETH by Kelp DAO attackers to mortgage and borrow ETH in Aave, aave suspected of bad debts, the exact amount is temporarily unknown。
“The rsETH market on Aave V3 and Aave V4 has been frozen. We're reviewing the rsETH borrowing information after the attack on Aave and will share more details as soon as possible. If the agreement has accumulated bad debts as a result of this incident, we will explore ways to make up for the losses.”
ChainCatcher, the policy manager of the Spark Protocol protocol, monetsupply.eth, in a message sent on platform X, stated that low-life assets such as rsETH had been installed in January of this year and continued to tighten collateral and functional ranges, a move that triggered strong dissatisfaction among users of the ETH Loop。
In addition, Spark has long set a high maximum interest rate ceiling on the ETH lending market, ceding part of its business and income over the past year to Aave (who at one point reduced its ETH borrowing rate to 10 per cent or less), but this strategy has proved to be more prudent in the context of the current market crisis, with SpakLend still maintaining sufficient ETH extraction liquidity, while Aave has experienced liquidity strains and even “lock-to-lock” in multi-chain markets such as the Tokyo Home Network and Arbitrum and Base。
menetsupply.eth further warns that since ETH is a core mortgage asset, when 100 per cent of the market is used, collateral liquidation will not be properly executed, and the depletion of liquidity not only affects the memory of depositors but may also pose systemic risks. In the current context of Aave's insufficient liquidity, if the ETH price drops by 15-20% or results in a significant accumulation of bad debts (plus the potential impact of the rsETH event)。
Mask agreed to set ASTEROID as SpaceX mascot, the same name as Meme's, short-lived $160 million
ChainCatcher NewsIn a discussion on the question of the late girl Liv Perrotto, it was suggested that it could be designed as a SpaceX mascot. In response, Mask responded “Ok”。
Or, in response to this news, the market value of the Meme dollar ASTEROID (initially on line in September 2024) in the ETA chain was short-lived at $160 million, which is now reported at $116 million, an increase of more than 500 per cent for 24 hours and $770 million for 24 hours。
According to the information received, the greatest desire of 15-year-old girl Liv Perrotto before her cancer died was to see Mask and to write a list of questions for that purpose. She had previously been involved in the design of the Zero Gravity Direction Puppet, known as “Asteroid”, an image of a firewood dog. Her mother then sent a public letter to Mask, hoping that he would consider making Asteroid the official mascot of SpaceX in accordance with Liv Perrotto ' s will. Mask responded by saying, “We will reply soon.”
Aave, core member, Marc ZellerChainCatcher News, Aave core member Marc Zeller announced in a message from platform X that a proposal had been launched to close the Aave-Chan Independent {ACI} Frontier project, stating that for many years before he had been operating the Taipei pledge node on behalf of Aave DAO, but that in view of the current situation, he would opt out of all certifiers and offer all ETH to Aave DAO to potentially protect the WETH depositor, while at the same time abandoning all potential income associated with the service to reduce its potential impact on users。
It is known that Marc Zeller has been one of the most active figures in the Aave ecosystem, and that he has been involved in the development of incentive mechanisms through Aave Chan Initiative, after having announced his withdrawal from Aave in July。
ChainCatcher reports that, according to "System Detective " ZachXBT, in a post on platform X, recalling the prior disclosure of suspected market manipulation of RAVE, he states that the RAVE token fell from $26 to $1 in the past 24 hours, and that the platform has responded publicly after calling for money, Bitget, Gate to investigate unusual transactions。
ZachXBT points out that RAVE came online in December 2025 with an initial total supply of 1 billion, of which about 95 per cent was controlled by a few addresses, with a high concentration risk, and found that some of the wallet addresses associated with the RAVEDO team had appeared in April as a suspicious centralized exchange or contradicted the group's assertion that it was “not involved in price fluctuations”. In addition to RAVE, several currencies, such as SIREN, MYX and COAI, have recently experienced similar suspicious movements。
ZachXBT states that it is aware of the huge losses to the bulk traders caused by exposing such acts, but plans are still under way to investigate similar fluctuations with a view to identifying the responsible parties, and reiterates that individuals do not have RAVE holdouts, which, if held, would also be liquidated, and that it is not possible to predict whether or when the exchange will comment publicly。
Meme Hot List
According to Meme Currency Tracking and Analysis PlatformGMGNAs of April 20th, 0900
Former 24h ETH top five in order: LINK, PEPE, UNI, SPX, USDe
In the past 24h Solana top five hot coins were: TROLL, Swarms, Punch, Net, LOL
In the past 24h Base top five in order: SKITTEN, PEPE, 9MM, BASED, B3
What are the good articles worth reading in the past 24 hours
a16z talk about recruitment: how do you choose between encrypted native and traditional talent
As the development of the encryption industry has generated a huge demand for talent, encryption founders need to know how to find and recruit good talent — both indigenous peoples in the encryption industry and those with traditional technological experience. However, one of the biggest problems is whether you need someone with experience in the encryption industry or someone who can learn about it. This has given rise to endless debate within the company。
The good news is that the encrypted money industry is not the first to encounter difficulties in terms of talent channels. This means that you can draw on some mature practical experience and find the right people with the right skills. The purpose of the guide is to help the founders and recruiters judge when the experience of the encryption industry is critical, when other types of experience can have the greatest impact, and the challenges and considerations that need to be addressed in the recruitment process。
DWF Depth Report: AI Optimizes benefits in DeFi, but 5 times behind complex transactions
automation and agent activities currently account for about 19 per cent of all chain activities, but true end-to-end autonomy remains elusive。
in narrow and well-defined uses such as optimized returns, agent has demonstrated superior performance to humans and bot. but humans do better than anggen for a variety of actions, such as trading。
between parties, model selection and risk management have the greatest impact on transaction performance。
as agent is used on a large scale, there are a number of risks related to trust and enforcement, including witch attacks, tactical overcrowding and privacy checks and balances。
46 minutes, stolen $292 million, DeFi rediscovers development
In the early hours of April 18, just two weeks after the theft of Drift over $200 million, Kelp DAO, under the flag of Kernel, has again updated the record of the theft of the encryption industry this year: 116,000 rsETHs multiplied, worth approximately $292 million。
It is known that Kelp DAO is a triple pledge agreement based on EigenLayer. rsETH is a liquid pledge token (LRT) issued by Kelp DAO and is intended to provide liquidity for non-liquid assets deposited on re-committing platforms (e.g. EigenLayer)。
The core team of the agreement is from India. In September 2024, the agreement was financed with $9 million, with the participation of a large number of prominent investors, including Laser Digital, Banks Ventures and Hypersphere Ventures. The total value of the agreement is currently over $1.5 billion. In the same year, its parent company, Kernel, also received investments from Yzi Labs, which had close ties to the currency。
However, these once proud backgrounds and achievements were suddenly shattered in this tragic accident。
