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Panama City, April 22, 2026 – While the broader market still views hackathons as mere coding contests, a far more profound structural evolution is taking root in the heart of Asia’s financial hub. On 

HTX DAO’s Vision: Far Beyond a Hackathon

CHIP: Yield-Bearing Synthetic Stablecoin

30,766 ETH frozen: How Arbitrum moved before KelpDAO funds vanished In DeFi, stolen funds rarely return. This time, $71 million did not disappear. Arbitrum confirmed that its Security Council froze 30

30,766 ETH frozen: How Arbitrum moved before KelpDAO funds vanished

In DeFi, stolen funds rarely return. This time, $71 million did not disappear.

Arbitrum confirmed that its Security Council froze 30,766 ETH tied to the KelpDAO exploit. The funds were moved to a governance-controlled intermediary wallet, cutting off the exploiter’s access.


30,766 ETH frozen: How Arbitrum moved before

CC: Institutional Privacy L1

Claim1,200 USDT in the Monthly Creation Challenge The Art of Financial Dissent: Alex Schaefer and the "Banks on Fire" In the evolving landscape of Bitcoin culture, few symbols are as provocative as Al

Claim1,200 USDT in the Monthly Creation Challenge

The Art of Financial Dissent: Alex Schaefer and the "Banks on Fire"
In the evolving landscape of Bitcoin culture, few symbols are as provocative as Alex Schaefer’s "Banks on Fire" series. Featured in Bitcoin Magazine’s "Relics of a Revolution" series, Schaefer’s work bridges the gap between traditional plein air painting and modern financial activism.
The project began in 2009 as a visceral response to the 2008 financial crisis and the subsequent taxpayer-funded bailouts. By setting up his easel directly across from Chase Bank branches, Schaefer captured these institutions engulfed in metaphorical flames. His art serves as a visual manifestation of the sentiment found in Bitcoin’s Genesis Block: a protest against a "bullshit" fiat system that rewards corporate failure while devaluing human labor.
Schaefer’s commitment to his message has faced significant state pushback, including police interrogations and a 2012 arrest for chalking "Crooks" on a sidewalk. Yet, his work resonates deeply within the Bitcoin community, which views his paintings as a pre-digital diagnosis of the same rot Bitcoin was designed to fix. As part of the upcoming Bitcoin 2026 exhibition, Schaefer’s "relics" remind us that the revolution isn't just about code—it’s a decades-long fight for sound money and institutional accountability.


The Art of Financial Dissent: Alex Schaefer

BASED: Hyperliquid’s On-Chain Super App

Claim1,200 USDT in the Monthly Creation Challenge Governance and Decentralization: David Schwartz Defends Arbitrum’s Emergency Intervention Ripple CTO David Schwartz has stepped into the debate surrou

Governance and Decentralization: David Schwartz Defends Arbitrum’s Emergency Intervention
Ripple CTO David Schwartz has stepped into the debate surrounding the Arbitrum Security Council’s recent decision to freeze over 30,000 ETH following the KelpDAO exploit. While critics argue that the intervention signals a move toward dangerous centralization, Schwartz contends that such actions are actually consistent with the historical precedent of decentralized governance.
To provide context, Schwartz drew a direct parallel to Bitcoin’s "Value Overflow Incident" in 2010. During that crisis, an attacker exploited a bug to mint 184 billion BTC, forcing Satoshi Nakamoto and early developers to release a patch that effectively rewound the blockchain. Schwartz argued that in both cases, the community rejected a version of the shared database they deemed illegitimate.
The core of the controversy lies in Arbitrum’s ability to upgrade smart contracts on Layer 1 without requiring node operators to manually accept a new software fork. Despite these concerns, Schwartz maintains that decentralization is defined by the community’s collective refusal to honor consensus rules that produce fraudulent outcomes. By securing the stolen funds, he suggests the council acted as a necessary safeguard, mirroring the proactive measures that saved Bitcoin in its infancy.


Governance and Decentralization:

WL: Ethereum L2/Sidechain

Will South Korea shun Won stablecoins?Bitcoin Up 2 Weeks: Beginning or End?BIO: DeSci Governance & LiquidityCHIP: Yield-Bearing Synthetic Stablecoin Surprisingly, the traditional stablecoins, mostly i



Surprisingly, the traditional stablecoins, mostly issued by fintechs, were missing from the speech. 

One would expect that the recent push for Won-based stablecoins to counter USDT and USDC dominance would earn them a feature in Hyun-Song’s speech. 

Well, Hyun-Song was a former head of monetary policy and advisor at the BIS (Bank for International Settlements), commonly called the bank for central banks. 

His former employer has always doubted the use of stablecoins, stressing their risks to the stability of financial markets. Whether he will adopt BIS’s strong stance against stablecoins remains to be seen. 

That said, interest in Won-stablecoin has surged with over trademarks. Supporters believe that the products could help solve the ‘Kimchi Premium,’ where crypto assets trade higher in South Korea than overseas. 

Still, critics argue the products would eventually accelerate capital outflows that regulators are trying to curb. 


Meanwhile, Won-based stablecoin market supply has hit $1.3 million, dominated by Frax Finance’s KWRQ. It’s worth noting that this is too small compared to the broader stablecoin market of over $320 billion.

However, South Korea is one of the corridors that dominates 60% of global stablecoin payments. Hence, it will be interesting to watch how the Bank of Korea’s regulation will shape this payment corridor. 



Will South Korea shun Won stablecoins? Surprising

Bitcoin Up 2 Weeks: Beginning or End?BIO: DeSci Governance & LiquidityDaily 5K USDT Airdrop - Join & Win!Spark Price Jumps on DeFi Capital Rotation After $293M Kelp DAO Hack $SPK, the native governanc

Spark Price Jumps on DeFi Capital Rotation After $293M Kelp DAO Hack


$SPK, the native governance asset of the Spark protocol, is up 1.21% during Tuesday’s U.S. market hours to currently trade at $0.027. The buying pressure followed a capital rotation to leading protocol Sparklend as its major competitor AAVE got caught in the recent Kelp DAO rsETH exploit. The price jumps offer a major breakout from key resistance level, signalling an opportunity for potential recovery in near-term.

Sparklend Gains $1.4B as Kelp DAO Hack Shakes DeFi Markets

On April 18, 2026, Kelp DAO was exploited in a devastating $293 million attack, the biggest DeFi hack of the year. The attacker manipulated a vulnerability in the protocol’s LayerZero-powered bridge, which relied on a flawed single-verifier configuration. The hacker created 116,500 unbacked rsETH (18 percent of the total supply) by forging cross-chain messages and shared these fake coins with over 20 different networks.

The collapse instantly froze Aave. Though its core contracts were protected, the acceptance of rsETH as collateral by the protocol was a crucial flaw. The attacker leveraged the useless rsETH to borrow around $236 million of high-quality assets such as WETH, placing Aave in almost the same position with almost 196 million in bad debt. This sparked a massive liquidity crisis; panicked users withdrew over $5.4 billion, pushing ETH utilization to 100% and effectively trapping remaining funds in a “liquidity crunch.”

This volatility led to a great exodus of capital to protocols seen as more robust, a flight to quality. The main beneficiary of this shift was Sparklend. Whilst Aave had to freeze its markets to test its Umbrella safety module, Sparklend had registered an unprecedented net deposits and loan growth of $1.4 billion and $350 million, respectively, in a span of 48 hours. According to the data, 

Spark Price Jumps on DeFi Capital Rotation After $

BIO: DeSci Governance & Liquidity

On April 22, Edaily reported that Kim Hyun-jung, a member of the Democratic Party's Digital Assets Special Task Force, stated that a basic law on digital assets related to stablecoins (Phase II legisl

South Korea's Democratic Party Plans to Propose Stablecoin Legislation After June Elections

According to monitoring by Beating, AI research lab NeoCognition has announced the completion of a $40 million seed round financing, emerging from stealth mode. The company is headquartered in Palo Al

NeoCognition Secures $40 Million Seed Round for Specialized AI Agents Capable of On-the-Job Learning

Bitcoin Up 2 Weeks: Beginning or End?Daily 5K USDT Airdrop - Join & Win!HTX Community April Creation ContestGermany DAX - 24630 (0.29%)Major resistance- 25600 Near-term resistance -24700/25000 Minor s

Germany DAX -  24630 (0.29%)Major resistance-  25600 Near-term resistance -24700/25000 Minor support - 24000/23700/23420/23000/22700/22500/22000.Trend reversal level- 17000 The pair holds above short-term (34 EMA, 55 EMA) and long-term (200 EMA) in the 4 -hour chart. Indicators  (4-hour chart) ADX-  Neutral (4-hour chart) CCI (50)-  Bullish RSI - 60.13 (4-hour chart)  France CAC - 8354 (-0.04%) Major resistance- 8700 Near-term resistance - 8380/8500/8655Minor support-  8000/7800/7645/7600/7500.Trend reversal level-  7500 Indicators  ADX-  Neutral (4-hour chart) CCI (50) - Bullish (4- hour chart) RSI - 54.70 (4-hour chart) UK FTSE  - 10606 (-0.78%) Major resistance- 11000 Near-term resistance - 10800/10900 Minor support-  10470/10315/10000/9850/9740/9680/9650/9600/9500. `Trend reversal level- 7535  IndicatorsADX- Neutral (4-hour chart) CCI (50) - Bullish (4- hour chart) RSI - 54.49 (4-hour chart)                                                 Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?Wall Street Slides as Iran War Uncertainty, Oil Surge, and AI Fears Rattle MarketsSpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 BillionStagflation Shadows: U.S. Manufacturing Shines as Services Slump to 11-Month LowScarcity and Strife: Bitcoin Hits Historic Milestone Amid Geopolitical TremorsStrategy's Multi-Billion Dollar Bitcoin Accumulation: A 2026 Milestone

Germany DAX -  24630 (0.29%)Major resistance-  256

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Bitcoin Up 2 Weeks: Beginning or End?BIO: DeSci Governance & LiquidityDaily 5K USDT Airdrop - Join & Win!Core Scientific seeks $3.3 billion bond sale to further AI data center pivot Core Scientific (C

Core Scientific seeks $3.3 billion bond sale to further AI data center pivot



Core Scientific (CORZ) is preparing to raise $3.3 billion through a junk bond sale as it continues its transition toward artificial intelligence-focused data center operations.

Demand for AI services has pushed data centers, power supply and advanced chips to their limits. To keep up, firms are tapping riskier parts of the debt market for funds to keep developing their operations. Core Scientific, once a bitcoin miner, sold $175 million in bitcoin last month to further its AI pivot.

Borrowers linked to AI infrastructure have raised $17.9 billion in junk bonds so far this year, Bloomberg reported. CORZ itself is building six data centers that will support AI workloads, with the capacity leased to CoreWeave under a 12-year agreement that could bring in around $10 billion in revenue, the report adds, citing sources familiar with the deal.

Core Scientific’s move follows a string of large deals. Recent offerings tied to Google-backed data centers and CoreWeave raised a combined $6.7 billion. Another firm, Edged Compute, is marketing $1.3 billion in bonds to fund facilities leased to CoreWeave and an Alibaba unit.

Core Scientific said it will use proceeds to repay existing debt and fund reserves. It also plans to support construction across several states if costs exceed available funds, signaling how capital-intensive the AI buildout has become.

The company still holds “under 1,000 bitcoin,” according to CFO Jim Nygaard.

Big AI pivot

Core Scientific was founded in 2017 and grew into one of North America's largest bitcoin miners before filing for Chapter 11 in December 2022, squeezed by high power costs and a weak bitcoin price. It emerged from reorganization in January 2024 and was relisted on Nasdaq under the ticker CORZ.

The pivot from bitcoin mining to AI hosting is all ab

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