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Whale Activity Surges for Fantom, Immutable X, and BAT After Fed Rate Cut

Months ago, Binance announced its Binance US and began to accept deposits from US citizens on September 18, starting with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) and USDT.

Binance US later grew this number to 19 and according to a recently published blog post written by Binance US CEO Catherine Coley, the company is now considering adding another 18 tokens to those already listed.

In the post, the exchange suggests that its decision to expand its list of supported tokens is borne out of the need to have “the most diverse selection of high-quality digital assets, without high fees.”

This expansion is bound to ensure that all of the exchange’s customers are not denied access to the bigger market with a lot more tokens and competition, ensuring that customers can trade assets with “true utility.”

The tokens currently been considered are Celer Network (CELR), Decreed (DCR), Enjin Coin (ENJ), Fantom (FTM), Icon (ICX), IOST (IOST), Komodo (KMD), OmiseGo (OMG), Harmony (ONE), Ontology (ONT), Ren (REN), Status (SNT), Theta (THETA), TomoChain (TOMO), Tron (TRX), NEM (XEM), Tezos (XTZ), and Hedera Hashgraph (HBAR).

 

The announcement also adds a reminder that all new users will get a $15 bonus when they sign up and will be able to trade free of charge for 30 days as it has been doing since the launch. Because Binance US is unavailable in some US states, the announcement also intimates that the platform is working on expanding access to the states that do not have Binance US access.

On the issuance of these tokens, Coley suggests that the company will take whatever measures it deems fit, to protect against fraud:

“Binance.US recognizes that the ease of issuing blockchain tokens and the perceived lack of regulation could make these tokens targets for abuse. Binanace.US has both legal obligations and moral duties to shield our users from fraudulent blockchain projects and combat financial crimes.”

Coley then concludes by asking the public to do “digital homework” before any decisions are made suggesting that customers are to not only learn about the prospective assets but also about methods being used by Binance.

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DeFiLlama, the largest data aggregator and dashboard for Decentralized Finance (DeFi), has displayed the list of Top 15 Projects by weekly TVL Growth. Total Value Locked (TVL) means the total dollar value of cryptocurrency assets locked within a certain decentralized finance (DeFi) protocol. Wildcat Protocol ($Wildcat) stands at the first position with $26.8M in TVL, after increasing the change of +107%, in the given list of other top projects over the past 7 days.

In the same way, Sentora Network ($Sentora) is in the Second position in this race with $1.2B in TVL, with a change of +85.6%. Phoenix has released this news through its official X account after collecting data from different platforms.

Fantom and Hyperliquid Climb TVL Rankings with Strong Weekly Gains Fantom ($FT) and Hyperliquid ($HYPE) got third and fourth position with $64.1M after getting +24.7% increase and $523.1M with +21.0% increase in value, in TVL, respectively. Hyperliquid ($HYPE) has a Market Cap of $7.5B. These two Projects show a massive difference in terms of TVL, about 459M.

Simultaneously, Mito Finance ($MITO) stands with $2.1M with a change of +18.4% in TVL, and Notional Finance ($NOTE) at a new value of $15.1M after getting an increase of +15.7% in TVL, respectively. Mito Finance ($MITO) has a Market Cap of $10.7M.

In addition, more projects are fighting to survive in this list over the past week. In this Altura ($ALU), Datamine Network ($DAM), and Pax Gold ($PAXG) gained $3.1M with an increase of +13.5%, $54.5M with an increase of +10.0%, and $2.3B after getting a +8.9% increase in TVL, respectively. These three crypto coins have a middle position in the given list of Top projects over the past week.

$BIFI, $LON and $NEAR Show Diverging Momentum Beefy ($BIFI), Tokenlon Network Token ($LON), and NEAR Protocol ($NEAR) observed with huge divergence among them, both in terms of TVL and Market Cap. $BIFI has attained a value of $286.5M with an increase of +8.5% and has a market cap of $10.6M. $LON has a new value of $1.2M after getting +8.3% increases in its value over the past week and holds a Market Cap of $38.9M.

Moreover, $NEAR gained a TVL of $55.9M, with a Market Cap of $1.4B, and gained this value after the increase of +6.2%. Securitize, Inc. ($Securitize) rose with a new value of $2.6B in TVL after a +5.8% increase.

Spiko Finance ($Spiko) and Sky Protocol ($SKY) got second last and last position, respectively. In this list, $Spiko and $SKY gained a hype of +4.1% and +3.1% in TVL value and appeared with a new value of $946.7M and $5.6B, respectively. $SKY has a Market Cap of $1.5B.

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Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

Sonic Labs focuses on strengthening the value of its S token. Sonic plans to build and acquire core applications and infrastructure, with integrated revenue streams. Sonic Labs, the blockchain development company formerly known as Fantom Foundation, announced that it is going to focus on measurable value creation by building and acquiring products that directly strengthen the value of the S token.

The article, published on X by Sonic Labs on February 11, titled “Vertical Integration: The Missing Link in L1 Value Creation,” explained that Sonic is changing away from its traditional Layer 1 growth model, which focused on expansion that generates activity but fails to produce lasting economic value. 

Sonic team said, “We are evolving Sonic into an ecosystem where core infrastructure, applications, and liquidity are intentionally aligned around reinforcing the S token’s economics. This alignment is designed to ensure that usage, liquidity, and incentives translate directly into sustained demand for the S token.”

Gas Fee Model Faces Pressure Sonic believes that relying solely on gas fees to generate value is becoming less successful. As more blockchains are coming and scaling technology advances, blockspace becomes more accessible and less scarce. This increased competition is pushing transaction prices lower. So, Layer 1 networks struggle to create lasting value, even if they host a lot of activity.

So, the Sonic team stated, “This is why the next chapter of Layer 1 evolution is not just about scalability. It is about vertical integration: a protocol’s ability to own, internalize, and monetize its most important economic activities.”

For that,  Sonic cited successful examples like Hyperliquid, which designed the main trading application to be the chain itself, so that each trade and fee directly benefits the HYPE token. According to Sonic, vertical integration allows for this type of design. 

Vertical Integration: Building Core Applications and Infrastructure In order to execute, “Sonic will acquire and integrate high-quality application teams from across the industry to develop foundational ecosystem primitives in-house.” Where that application will handle trading, lending, payments, settlements, credit systems, and risk markets. With that, it will ensure that the value created doesn’t leave Sonic, noted in the article.

Also, Sonic Labs noted that its existing Fee Monetization system, FeeM, could be integrated with apps to help the network scale more, while boosting the S token ecosystem. 

Further, these revenue sources, which are fueled by actual income from integrated core applications and infrastructure that grow with the network, can fund long-term buybacks of the S token. 

Before Sonic, this buyback plan was recently approved by the  Ethereum Layer 2 Optimism, it would redirect 50% of the ecosystem’s revenue toward OP token purchases. 

Highlighted Crypto News Today: 

Hoskinson Confirms Midnight Mainnet Launch in March

Writer with roots in journalism and international relations, actively exploring blockchain and crypto, with curiosity for the field and a passion for simplifying complex ideas.

A prominent on-chain analyst has claimed that IT workers linked to North Korea were involved in building over 40 major decentralized finance (DeFi) protocols since the sector’s rapid expansion in 2020, raising new concerns about the reach and sophistication of state-sponsored actors in the crypto industry.

The depth of infiltration in DeFiThe latest controversy centers around the analyst known as Tay, who outlined how developers allegedly connected to North Korea, also called the Democratic People’s Republic of Korea (DPRK), became embedded in the teams behind several recognized DeFi projects. Tay reported that these individuals were not limited to conducting attacks or stealing from protocols but actively participated in building the underlying infrastructure.

This information was shared during an ongoing discussion on the social platform X, sparked by a separate account recalling a job interview experience with an individual later linked to the Lazarus Group, the well-known hacking collective tied to DPRK. According to the account, the candidate demonstrated convincing technical skills, passed standard screenings, and participated in video calls before declining further interviews that required travel.

Drift Protocol, a DeFi project focused on derivatives trading, was cited as a recent example where a state-affiliated agent was discovered to have worked within the team for six months before a significant exploit occurred in April 2024. This case mirrors concerns that advanced actors have found new methods to remain undetected within crypto startups.

Tay’s response went beyond isolated anecdotes, sharing a list of over 40 projects where DPRK IT workers reportedly contributed. Well-known protocols like SushiSwap, Thorchain, Yearn Finance, Fantom, and Harmony appeared among the names, surprising many users, including experienced market observers who were unaware of such connections.

Skilled developers embedded in key projectsAccording to Tay, the backgrounds of these workers often appeared solid, with resumes listing extensive experience in blockchain development. In Tay’s words, the claims of “seven years of blockchain development” were not fabricated. These developers were described as highly competent, capable of passing technical interviews and writing meaningful code.

When asked about financial damages associated with these activities, Tay estimated that at least $6.7 billion had been siphoned from the crypto industry through efforts involving DPRK-linked individuals operating inside legitimate organizations and projects.

Several projects listed by Tay were discussed in more detail. For instance, Harmony was mentioned in connection with an embedded developer who later assisted users whose wallets had been compromised, while a separate hacking group perpetrated a major incident involving the protocol. Beanstalk, another DeFi protocol, was highlighted in relation to worker involvement distinct from those who executed actual exploits.

In SushiSwap’s case, Tay referenced prior research identifying a developer known as Eratos, also referred to as Anthony Keller or Daiki Saito, highlighting past reporting that had already flagged this individual’s links to North Korea. The documentation for this claim was attributed to the website chollima-group.io, which researches DPRK cyber operations.

Industry response and broader implicationsWhile regulatory authorities have recently intensified efforts to disrupt North Korean IT worker networks, with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) targeting several individuals and entities in 2024, Tay’s analysis implies that infiltration has been an ongoing issue since the early days of DeFi and involves more organizations than previously recognized.

OFAC’s inquiries revealed that networks of DPRK workers operating under false identities generated hundreds of millions of dollars by securing jobs at crypto firms worldwide. However, Tay’s disclosures point to a deeper risk: state-linked actors not only seeking employment but also shaping the development and security of widely used protocols.

Tay, known within the crypto community as a veteran in on-chain analysis and threat research, continues to update the thread and expand on these findings. The allegations have since sparked renewed debate about the ability of emerging crypto projects to vet contributors and shield themselves from sophisticated long-term infiltration strategies.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Sonic Labs: The Fantom Opera network will cease operation on July 1st; users must migrate their assets in time.

PANews reported on April 8th that Sonic Labs announced on its X platform that the Fantom Opera network will officially cease operations on June 30, 2026 at 17:00 GMT (July 1, 2026 at 01:00 Beijing time). Users who have not completed their asset migration must do so before this deadline. The ERC-20 version of the FTM to S token exchange channel and the Sonic cross-chain bridge are not affected by this shutdown.

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SBI Group announces acquisition of Japanese crypto exchange Bitbank for approximately $289 million

PANews Newsflash7 minutes ago

PANews reported on April 19 that Curve Finance stated on its X platform that due to an attack on the LayerZero infrastructure related to rsETH, it has suspended its LayerZero cross-chain function as a precaution until the root cause of the problem is clarified.

The impact of this adjustment includes:

CRV cross-chain bridges from chains such as BNB Chain, Sonic, Avalanche, Fantom, Etherlink, and Kava (other chains still use native bridges). fast cross-chain bridging for crvUSD is paused (slow bridging for L2 is still available). Curve stated that it will decide whether to restore the relevant functions after further clarifying the cause of the incident.

Ethereum is approaching a critical technical crossroads as bearish momentum continues to weigh on price action. With a major support zone now under intense pressure, traders are closely watching whether bulls can defend this level or if a breakdown will open the door to a deeper decline. 

Bear Flag Breakdown Keeps Ethereum Under Pressure  Ethereum continues to slide, aligning with the broader bearish sentiment currently dominating the market. According to analysis from More Crypto Online, the asset’s recent breakdown from a previously identified bear flag and rejection of the yellow trendline strengthen the hypothesis that the significant B-wave rally peaked back in April. These technical failures serve as strong indicators that the prevailing trend remains firmly to the downside.

The leading scenario currently suggests that Ethereum is developing within a larger C-wave decline, with major support levels established at $1,550 and $1,400. While the price has already begun to react from the first support area, traders should remain cautious because bear market cycles frequently involve corrective rallies that can emerge unexpectedly from these support zones.

Source: Chart from More Crypto Online on X In terms of risk management, any potential recovery attempt is anticipated to remain strictly corrective as long as the price continues to trade beneath the yellow trendline resistance. However, a stronger recovery would require the bulls to reclaim substantial resistance levels and fundamentally invalidate the current bearish framework. At this stage, such a reversal lacks the necessary confirmation and market strength.

Ultimately, Ethereum remains locked in a definitive bearish trend following its exit from the bear flag formation. With support levels at $1,550 and $1,400 now squarely in focus, the structural setup continues to favor lower price action over an immediate reversal. 

ETH Reaches A Critical Decision Zone  Crypto analyst MarketMaestro noted in an X post that Ethereum has successfully held both its long-term support trendline and a key Fibonacci support level on the monthly chart. According to the analyst, the current price zone has become a critical battleground between a routine correction and a much deeper structural decline.

A monthly close below the current support area would significantly weaken Ethereum’s technical outlook and raise the risk of a broader breakdown. On the other hand, if support continues to hold, the recent pullback could still be viewed as a healthy correction within the asset’s longer-term bullish framework.

Furthermore, if Ethereum manages to hold support, form a wick on the monthly candle, and rebound from current levels, it would suggest that buyers are aggressively accumulating during the dip and treating it as a high-value entry zone.

Despite the possibility of a recovery, MarketMaestro cautioned that the stakes remain high. A decisive breakdown below support could force Ethereum into a prolonged bottoming process, potentially extending the period of weakness before a sustainable uptrend.

ETH trading at $1,561 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com

S token drops 5% as 3 former execs resign from Sonic Labs board

SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.

According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.

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Bithumb was fined for sharing user data overseas without consent.

South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.

2 minutes ago

Analyst: SK Hynix’s US listing and fund-raising could trigger a valuation re-rating.

According to Bloomberg, SK Hynix is set to issue American Depositary Receipts (ADRs) on the Nasdaq on July 10. The listing aims to raise nearly $30 billion, making it one of the largest ADR issuances in history. Market participants widely believe the move will significantly expand its global investor base and may drive a valuation re-rating. Multiple asset management firms project that if its valuation converges with Micron Technology’s, its share price could rise by 30% over the next year. One fund manager noted that SK Hynix should trade at a valuation at least on par with Micron, as demand for memory chips is likely to outpace supply for years to come. The listing comes amid an unusually strong boom in the memory chip sector. Shares of Micron, SK Hynix, and Samsung Electronics have all surged over 200% this year, marking their best annual performance in decades. Demand for High Bandwidth Memory (HBM) from AI servers is widely seen as the driver of a structural "memory supercycle".

2 minutes ago

Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.

Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.

2 minutes ago

ALPACA Token Falls Over 30% Following Alpaca Finance’s Shutdown Announcement

Crypto Investor Positions for Possible Altcoin Season with These 6 Tokens

A new report from Taraxa claims that many leading blockchain projects have dramatically overestimated their throughput. The study shows that major blockchain networks like Sonic, Solana, and Aptos have a significant gap between theoretical TPS (transaction per second) and the actual max TPS on the mainnet.

The findings suggest a massive overestimation of network efficiency and speed for these networks.

Most Blockchains Overestimate EfficiencyTaraxa, a Layer-1 blockchain, conducted an extensive analysis of several leading blockchains. It’s evident that most networks publicize new advances in their blockchain’s throughput, but many of these tests are conducted in ideal conditions. This study wished to observe how the most ‘bullish’ claims compare to regular operating conditions.

“Investors, developers, and users deserve transparency. The blockchain industry has long been obsessed with theoretical performance figures, but numbers generated in a lab mean little if they can’t be replicated in real-world conditions,” Taraxa co-founder Steven Pu said in an exclusive press release shared with BeInCrypto.

This investigation sought to assess these real-world conditions through a metric called “TPS per dollar.” Taraxa compared a blockchain’s transactions per second to the actual cost of running a validator node and used that to determine actual throughput.

This would be a more accurate way to determine how well these firms can live up to expectations.

Case in point, the study looked at the highest-ever recorded throughput on several blockchain projects, with a few important caveats. Permissioned and sharded networks were excluded, and some specific transactions (like voting transactions) were discarded to avoid number inflation.

Then, these figures were compared to developer-provided TPS claims:

Blockchain Projects Overestimate Throughput. Source: TaraxaThe results of this test revealed extremely high exaggeration. Sonic (formerly Fantom) reported blockchain throughput over 100x its actual capabilities, but the industry average was 20x. The L1 blockchain space is full of fierce competition, providing a clear incentive for this systematic inflation.

“Our research also shows that many networks require expensive hardware just to achieve modest transaction rates, which is neither technically impressive nor decentralized. By focusing on verifiable data from live networks, we can shift the conversation toward meaningful performance metrics,” Pu added.

Comparing TPS to dollar costs also provided interesting data. Solana had the highest costs by far, but it used these resources efficiently to maintain a high blockchain throughput. Taraxa also claimed that it had the best ratio in the entire industry by wide margins, which may impact its reasons for conducting the study and using this metric.

Regardless of the firm’s desire to market its own capabilities, blockchain throughput estimations seem heavily inflated across the whole industry. Taraxa has been analyzing several crucial Web3 sectors, such as the AI industry, and its results seem valuable.

Hopefully, some hard data here will encourage more realistic reporting from these projects.

In the cryptocurrency market, closely followed analyst The Crypto Dog predicted a significant rise for a low market cap altcoin in the decentralized finance (DeFi) sector. The analyst also made bullish comments for two leading altcoins, Fantom (FTM) and Curve DAO (CRV).

Expects Over 75% Rise in SynapseAnonymous cryptocurrency analyst The Crypto Dog suggested to his followers on social media platform X that the Synapse (SYN) altcoin could rise over 75% from its current price.

For those unfamiliar, Synapse is known as a protocol developed to provide secure cross-blockchain communication. The Crypto Dog stated that SYN’s price is around $0.566, saying, “It could see $1… It returned to the breakout level with a 10% price pullback. I bought SYN again.”

Synapse is currently trading at $0.566 and has lost 12.82% in value over the past 24 hours. Launched in August 2021, this cross-blockchain network project can work compatibly with most Layer-1 and Layer-2 networks.

Analyst Predicts Rise for Fantom and Curve DAOBesides Synapse, The Crypto Dog also shared positive views about Fantom’s FTM, a competitor to Ethereum. The analyst noted that the descending trend line on the hourly chart is about to break, expecting a rise for the altcoin and added, “It could be an attractive breakout for FTM… I opened a position in FTM.”

Lastly, the analyst predicted a positive scenario for the stablecoin-focused decentralized exchange Curve DAO (CRV). He stated that CRV could rise after pulling back to the $0.318 level, saying, “This dip is probably a buying opportunity for CRV.” CRV is currently trading at $0.30, having lost over 1% in value in the past 24 hours.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

RockTree Capital, a leading crypto-native fund and merchant bank headquartered in Beijing, announces the launch of its immersive website, showcasing a futuristic film-noir concept: the Cyberpunk Crypto City.

The website’s cutting-edge interactive cityscape represents RockTree’s vision where Web3 has become pervasive, fusing technology, finance, and culture. The site, set in the future near the 11th halving of bitcoin, builds on the ideas of the cypherpunk movement, through advocating for the widespread use of decentralization and privacy-enhancing technologies as a route to self sovereignty and freedom for human beings everywhere. 

As an early-stage investor and bespoke accelerator in Asia for its portfolio companies, RockTree Capital has been instrumental in geometrically accelerating its investee projects’ go-to-market cycle. Through its ultra-localized strategies and grassroots community building initiatives, RockTree has empowered emerging founders and projects to thrive in both East and West markets.

Leveraging deep regional relationships with leading crypto institutions, capital collaborators, and Web3 partners, RockTree invests in and accelerates the trajectory of projects from Infrastructure, DeFi, Cross-chain, and the Bitcoin Ecosystem.

Founded by visionary investor Omer Ozden and headquartered in Beijing, China, RockTree Capital operates at the nexus of the East & West with a crypto native team that bridges the human, cultural, capital and media gap across these markets. RockTree embodies a truly grassroots approach that unites Eastern and Western crypto markets and benefits its portfolio investments, which include amongst others; dYdX, The Graph, Chainlink, Fantom, Pocket, Maple, Covalent, Axelar, Eclipse, and BEVM.

“RockTree focuses on the human aspects of Web3. In addition to unifying the collaboration of top people in Eastern and Western crypto markets, our core strength is identifying the human hallmarks of success for Founders and Team,” says Omer Ozden, Founder and Chairman of RockTree Capital.

“We utilize advanced behavioral neuroscience methods to determine Founders’ emotional intelligence, execution capabilities and integrity. We prioritize not only technological innovation, but also the individuals behind that innovation, their psychology and levels of consciousness. And we invite those projects into our trusted international ecosystem and methodology, so they can scale rapidly in foreign markets, instead of trying to figure it out organically through trial and error,” said Ozden. 

The Cyberpunk Crypto City website represents RockTree’s forward-looking vision decades in the future, where Web3 technology and digital assets penetrate all peoples’ daily lives, and decentralized finance becomes a pervasive consumer product, like soft drinks or chewing gum, allowing true democratization of finance. Visitors to the Cyberpunk Crypto City website will immerse themselves in a retro film-noir homage, with captivating visuals of a cybernetic metropolis of replicants, that is bilingual in English and Chinese, and powered by blockchain technology.

Experience the future of finance at RockTree Capital’s Cyberpunk Crypto City and join us in shaping the next chapter of Web3 innovation.

About RockTree Capital RockTree Capital is an early stage crypto-native fund and merchant bank based in Beijing, China. Our portfolio companies experience geometric scale in Asian markets through the RockTree Acceleration Program by combining our ultra-localized go-to-market strategies and grassroots long-term community building. RockTree invests into top-tier crypto projects and helps build Decacorns in the areas of Infrastructure, DeFi, Cross-chain and Bitcoin Ecosystem

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Worldcoin Rebrands as “World” and Launches World Chain

2026.04.20 09:49:47

Saturday, April 20 — The LayerZero cross-chain bridge for rsETH (a liquidity re-staking token from Kelp DAO) was hacked, marking the largest DeFi hack of 2026 to date. The attacker forged LayerZero cross-chain messages to withdraw 116,500 rsETH directly from the bridge contract, then deposited the tokens into Aave and other lending platforms to borrow WETH—creating significant uncollateralized bad debt risk. Below is a roundup of responses from major DeFi protocols to the rsETH hack: Aave has shared an update on the rsETH incident: rsETH on the Ethereum mainnet is fully collateralized. The token remains frozen on Aave V3 and V4, while WETH reserves are frozen in affected markets including Ethereum, Arbitrum, Base, Mantle, and Linea. Aave is actively verifying details and evaluating potential resolutions. Ethena has officially extended the suspension period for its LayerZero OFT cross-chain bridge. Additionally, the protocol released updated reserve proofs confirming its USDe stablecoin maintains a collateralization ratio above 100%. LayerZero stated it has fully grasped the rsETH vulnerability and has been collaborating with the Kelp DAO team on fixes since the hack occurred, while continuously monitoring the situation. All other applications remain secure, and the protocol will publish a comprehensive post-incident analysis report alongside Kelp DAO once all relevant information is compiled. Fluid announced the launch of its aWETH redemption protocol, which enables ETH borrowers to: redeem for wstETH or weETH (restoring liquidity immediately and reducing liquidation risk); redeem in full if they only borrowed ETH; or seamlessly convert ETH collateral to wstETH/weETH while keeping other debts intact. The protocol’s initial capacity is capped at $1 billion worth of ETH. Morpho has temporarily suspended its MORPHO LayerZero OFT cross-chain bridge on Arbitrum until the root cause of the rsETH incident is identified. The protocol noted its smart contracts are secure and operating normally; risk exposure is limited (only ~$1 million worth of ETH was borrowed using rsETH as collateral, spread across two isolated markets out of thousands total). Thanks to Morpho’s fully isolated market design, all other vaults remain unaffected. Curve Finance announced it has suspended its LayerZero infrastructure, impacting: CRV bridging from BNB, Sonic, Avalanche, Fantom, Etherlink, and Kava (bridging from other chains still uses native bridges); and crvUSD quick bridging (L2 slow bridging remains operational). Reserve issued an official update: Its DTF holders are unlikely to be affected. RSR stakers in the Reserve Protocol’s USD3 and eUSD may qualify for "first-loss capital" protection, though the impact is minimal and RSR’s overcollateralization is sufficient to cover any potential losses. ETH+ and bsdETH contain no rsETH collateral, making them zero-risk. As a precaution, Reserve has temporarily paused minting, rebalancing, and RSR unstaking for eUSD and USD3—redemption functionality remains operational. Maple Finance stated all USDT provided on Aave Mantle using syrupUSDT has been withdrawn. Its syrupUSDC and syrupUSDT products are not impacted by the rsETH exploit. Polygon has been actively monitoring the rsETH exploit. The Polygon chain, Agglayer, and entire ecosystem (including Katana and Vaultbridge) have not been impacted by the incident. EtherFi announced its protocol’s liquidity pool remains unaffected by the Kelp rsETH exploit, and pool users will not suffer any fund losses. Hyperliquid’s DeFi project Hyperwave announced it has temporarily suspended all LayerZero bridging of Hyperwave assets as a precautionary measure.

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Analysis: Bitcoin miners face profit pressure, with around 20% of mining firms now operating below the break-even point.

Bitcoin miners' revenue continues to decline, with the current 7-day average daily income dropping to around $30 million, a notable pullback from the over $50 million level seen last summer. Meanwhile, on-chain transaction fee revenue has fallen to less than $250,000, accounting for an extremely small share of miners' total income. Data from JPMorgan Chase shows the average production cost is approximately $78,000, and Bitcoin’s price has remained below this level for five consecutive months — the longest such stretch in the current cycle. An estimated 20% of miners are already operating at a loss; some high-cost miners have begun frequently powering their mining rigs on and off in response to price fluctuations, leading to a stronger correlation between network hash rate difficulty and Bitcoin’s price. Additionally, Bitcoin’s mining difficulty was adjusted down by roughly 10% in the second week of June, marking the second pullback of the same magnitude this year. Publicly listed mining companies, meanwhile, are relying more on their balance sheets to sustain operations, selling over 32,000 BTC in the first quarter alone to cover operating costs. Analysts note that against the backdrop of continuously shrinking block subsidies and stagnant fee revenue, a recovery in miners’ profits will primarily depend on a rise in Bitcoin’s price.

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Japan and South Korea's stock markets opened higher, with South Korea's KOSPI index rising 2.9% and SK Hynix surging 11%.

According to Bitget market data, the Nikkei 225 index opened 1.4% higher at 70114.09. South Korea’s KOSPI index rose 2.9%. South Korean stocks SK Hynix gained 11%, while Samsung Electronics rose 5%.

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Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.

According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.

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Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.

According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.

1 seconds ago

Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.

According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.

1 seconds ago

Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.

Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.

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Velora Launches VLR Token, Expands to Base Network as Crypto Rebranding Wave Intensifies

Blockchair has announced the support of 24 new blockchains into its platform, significantly enhancing its multi-blockchain explorer and professional tools offering.

This expansion includes prominent names such as Solana, Base, TRON, Arbitrum One, Polygon, Polygon zkEVM, Linea, Optimism, TON, Beacon Chain, Aptos, Avalanche, DigiByte, Fantom, Handshake, Moonbeam, Peercoin, Polkadot, Sei EVM, and XRP Ledger, but also upcoming Layer 2s on Bitcoin such as BOB, Botanix, Rootstock, and Liquid Network.

 ‘Blockchair has historically been a Bitcoin and UTXO-chain explorer. Our expansion into the Bitcoin Layer 2 ecosystem feels nothing but natural and we’ll keep adding more and more upcoming Bitcoin Layer 2s.’

Nikita Zhavoronkov – CEO & Lead Developer at Blockchair

The addition of these 24 blockchains brings unique capabilities and features to Blockchair’s already robust platform. This integration sets Blockchair apart from other block explorers by providing a unified interface to explore data across 42 popular chains. Users can now seamlessly access and analyze data from multiple blockchains, benefiting from enhanced user experience and functionality.

Alongside this expansion, Blockchair has also unveiled a comprehensive platform redesign aimed at improving user experience and accessibility.

New design with AI Assistant The redesigned platform boasts lightning-fast performance and a modern, clean interface that simplifies navigation and improves accessibility. Key enhancements include intuitive navigation and distinct sections dedicated to Bitcoin, Ethereum, and other ecosystems. Additionally, the Blockchair AI Assistant is introduced to help users interpret and understand on-chain data effectively and get professional support.

‘Since 2016 we have received lots of similar questions from crypto users related to their on-chain transactions, and there is fundamentally no real-time tech support for decentralized cryptocurrencies. Providing crypto users with comprehensive and, what is even more important, a safe support system – is no easy task. We have solved it. We believe AI-powered human-like interactions are the future of UI.‘

Yedige Davletgaliyev – Head of Research at Blockchair

Blockchair’s AI Assistant guides users in multiple languages through understanding on-chain data with questions such as:

How long will it take for my transaction to be processed? What can be done to speed up or revert/cancel a transaction? How to distinguish between fraudulent and legitimate advice? The AI assistant has already guided thousands of users not to send money or seed phrases to scammers, and will soon be made available for developers in the API.

Blockchair also improves its UX by expanding its offering of fiat currencies in which the data can be denominated and adding KYA/KYT scores to check transaction risk evaluation. According to the Blockchair team, the platform will continue to add support for new blockchains and work on its professional developer tools.

About Blockchair: Blockchair offers the most private search and analytics engine and a wide range of professional tools for scientists and developers of multi-currency wallets and exchanges, for 42 different blockchains. This includes APIs, PDF receipts and Wallet statements generator, Awesome Catalog of Blockchain and Crypto services, News Aggregator, Data Dumps, an anonymous portfolio tracker, and charts with blockchain and monetary data. The website is offered in 20 languages and no user data is gathered nor shared with third parties.

For more information or questions: [email protected] [email protected] Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]

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