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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, shipping executives from commodity trading firms expressed concerns that Iran's toll collection in the Strait of Hormuz sets a dangerous precedent for the free flow of global trade. Since

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Bitcoin Up 2 Weeks: Beginning or End?Daily 5K USDT Airdrop - Join & Win!HTX Community April Creation ContestTrusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Dis

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure One of DeFi’s largest exploits in recent memory took a new turn on Tuesday as Arbitrum’s Security Council moved to freeze $71 million of the stolen funds — and the attacker responded almost immediately.The incident began when an unknown attacker exploited a vulnerability in Kelp DAO’s LayerZero-powered bridge, draining 116,500 rsETH — approximately $292 million and roughly 18% of the token’s entire circulating supply. The scale of the theft triggered an emergency pause of Kelp DAO’s core contracts, but by then the damage was already done. Related Reading: Altcoins Have Recovered $90B Since February – Analyst Explains Market DynamicsThe stolen rsETH was subsequently deposited as collateral on Aave V3, where it was used to borrow approximately $196 million in wrapped ether, leaving Aave carrying bad debt it had no role in creating and setting off the confidence crisis that has defined the past week in DeFi.Arbitrum’s Security Council acted by freezing 30,766 ETH — worth approximately $71 million at current prices — and moving the funds into a governance-controlled wallet. It was a meaningful intervention, executed quickly by blockchain standards.The attacker did not wait to see what came next. Within hours of Arbitrum’s move, the hacker began reacting — a development that suggests the stolen funds are already in motion and that the window for on-chain recovery may be narrowing faster than the response can keep pace with. $175 Million Is Already Moving — and the Debate It Leaves Behind Is Just BeginningArkham data confirms what many feared once Arbitrum acted. The Kelp DAO hacker has already moved all 75,701 ETH — approximately $175 million — on Ethereum and has begun laundering the funds. The Arbitrum freeze succeeded in capturing $71 million. The remaining 

Trusted Editorial content, reviewed by leading ind

WL: Ethereum L2/Sidechain

Bitcoin Up 2 Weeks: Beginning or End?Ethereum whale rotates $1.14mln into ASTEROID – Here’s what it means! A clear capital rotation unfolds as a single whale shifts from Ethereum into a high-risk meme

Ethereum whale rotates $1.14mln into ASTEROID – Here’s what it means!
A clear capital rotation unfolds as a single whale shifts from Ethereum into a high-risk memecoin, reshaping short-term liquidity.

Over two days, the address sold about 497 $ETH worth roughly $1.14 million and accumulated approximately 3.84 billion Asteroid Shiba [ASTEROID] with the price near $0.00029.
Source: X

This move stood out because it is not passive accumulation.

It reflects a deliberate shift from a large-cap asset into a micro-cap, which signals a higher risk appetite and a search for outsized returns.

This concentration affects price behavior.

In a thin market, sustained buying can push prices higher faster than usual. However, the same structure increases fragility, as exits can reverse gains just as quickly.
Source: Etherscan

The remaining 368 Ethereum [$ETH] adds uncertainty. It suggests the whale may continue accumulating, which extends upward pressure, yet it also leaves room for a staged exit.

This implies the market may see short-term momentum, while participants face higher volatility and timing risk.

Thin liquidity amplifies price swings

As the whale rotation directs over $1 million from $ETH into Asteroid Shiba, the price begins to react sharply, which signals a liquidity-driven move. This shift happens as capital seeks higher upside, moving from large-cap stability into a thin, high-risk market.

The structure then shapes the reaction.

With only about $7.6 million in liquidity against a $165 million valuation, depth remains limited. As volume rises near $88 million, flows begin to dominate price, which pushes rapid gains through shallow pools.

This buildup creates momentum, yet it lacks broad participation. As a result, the price reflects concentrated demand rather than sustained market interest.

With roughly 22,000 holders, control stays narrow, which implies participants face higher volatility, where gains depend on contin

Ethereum whale rotates $1.14mln into ASTEROID – He

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On April 22, Iranian Foreign Ministry spokesman Baghaei stated that Iran has not yet decided whether to participate in a new round of talks with the United States. In a media interview, Baghaei said t

Iran: First Round of Talks Showed Goodwill, But US Response is Tepid

CHIP: Yield-Bearing Synthetic Stablecoin

Bitcoin Up 2 Weeks: Beginning or End?Daily 5K USDT Airdrop - Join & Win! Blockchain Forum 2026, Moscow Shakepay Enables Bitcoin-Backed Lending in Canada After AMF Green Light CEO Jean Amiouny announce

Shakepay Enables Bitcoin-Backed Lending in Canada After AMF Green Light

CEO Jean Amiouny announced the launch on X, calling bitcoin-backed loans one of the most requested features since the company was founded. “For those who never want to sell and live on a bitcoin standard, borrowing against your bitcoin is one of the most powerful financial products available,” Amiouny wrote.

Shakepay Enables Bitcoin-Backed Lending in Canada

CC: Institutional Privacy L1

Bitcoin Up 2 Weeks: Beginning or End?Daily 5K USDT Airdrop - Join & Win!HTX Community April Creation ContestFlorida Attorney General James Uthmeier announced that the state has launched a criminal inv

Florida Attorney General James Uthmeier announced that the state has launched a criminal investigation into OpenAI and its AI chatbot, ChatGPT, following a deadly shooting at Florida State University last year. The incident, which took place in April, left two people dead and six others injured. The suspect was later shot by law enforcement, hospitalized, and charged with multiple counts of murder and attempted murder.According to Uthmeier, authorities are examining whether ChatGPT played a role in assisting the gunman. During a press briefing, he claimed that the chatbot allegedly provided guidance on firearm selection, ammunition compatibility, and weapon effectiveness at close range. He argued that if a human had offered such advice under similar circumstances, they could face criminal charges.The Office of Statewide Prosecution has already issued a subpoena to OpenAI, requesting records and relevant information as part of the ongoing probe. The investigation aims to determine whether the company could bear any legal responsibility for how its artificial intelligence technology may have been used in the attack.This case highlights growing concerns surrounding artificial intelligence and its potential misuse. As AI tools like ChatGPT become more advanced and widely accessible, debates continue over their role in public safety, ethical boundaries, and accountability. Critics warn that AI could be exploited for harmful purposes, including planning criminal acts, spreading misinformation, or facilitating fraud.In response, an OpenAI spokesperson expressed sympathy for the victims while firmly denying any wrongdoing. The company stated that ChatGPT only provided general, factual information readily available online and did not promote or encourage violence. OpenAI also confirmed that it identified an account potentially linked to the suspect and proactivel

Florida Attorney General James Uthmeier announced

Bitcoin Up 2 Weeks: Beginning or End?Daily 5K USDT Airdrop - Join & Win!HTX Community April Creation ContestLG Innotek shares surged to an all-time high on Wednesday, fueled by strong investor confide

LG Innotek shares surged to an all-time high on Wednesday, fueled by strong investor confidence following the company’s latest automotive supply agreement with a European partner. The Seoul-listed stock (KS:011070) climbed as much as 16% to 493,500 won, extending a 15% gain from the previous trading session and signaling growing optimism around its mobility business expansion.The rally comes after LG Innotek announced it will supply its advanced Automotive Wi-Fi 7 communication modules to a major European automotive parts manufacturer. The deal, valued at approximately $68 million, is expected to move into mass production by 2027. This partnership strengthens LG Innotek’s position in the rapidly evolving automotive connectivity market.The Wi-Fi 7 module represents a significant technological leap, offering data transmission speeds up to three times faster than existing Wi-Fi 6E solutions. It also supports ultra-wide bandwidth, enabling seamless connectivity for multiple devices without lag. These capabilities are increasingly important as modern vehicles integrate advanced infotainment systems, including streaming, navigation, and video conferencing features.Automakers worldwide are transforming vehicles into “second living spaces,” driving demand for high-speed, reliable in-vehicle connectivity. LG Innotek’s latest agreement aligns with this trend, positioning the company to capitalize on the rising need for smart automotive components and next-generation communication technologies.Market analysts note that the global in-vehicle Wi-Fi market is projected to grow at a compound annual growth rate of around 9.6%. This outlook reinforces LG Innotek’s strategic push to expand its automotive electronics portfolio and diversify beyond its traditional business segments.With increasing adoption of connected car technologies and strong partnerships in Europe, LG 

LG Innotek shares surged to an all-time high on We

Cardano founder Charles Hoskinson used his latest livestream to argue that the roughly $292 million KelpDAO exploit was not just another bridge failure, but a broader warning about how Ethereum’s rest

Cardano Founder Warns KelpDAO Hack Exposes Ethereum’s Weakest Link

Stratiphy has introduced a new route for UK investors to regain tax-free exposure to crypto ETNs after recent rule changes limited access. Summary Stratiphy launched a new offering that allows UK inve

UK fintech Stratiphy restores access to tax-free crypto ETNs via IF ISAs Tax rule change narrowed ac

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