TechFlow Intelligence Bureau: KelpDAO Attack Causes Nearly $300 Million Loss, Triggers Aave Withdrawal Wave, RAVE Crashes 95% in a Single Day

marsbitPublicado em 2026-04-19Última atualização em 2026-04-19

Resumo

China's AI firm DeepSeek is seeking external funding for the first time, with a valuation exceeding $10 billion, signaling intensifying competition and high R&D costs in the domestic large model sector. Meanwhile, OpenAI CEO Sam Altman faces scrutiny over potential conflicts of interest between his personal investments and OpenAI’s business ahead of a possible IPO. In Web3, KelpDAO suffered a $294 million attack due to forged cross-chain messages on LayerZero, leading to massive withdrawals from Aave and a resulting 18% drop in AAVE tokens. Separately, RAVE cryptocurrency collapsed by 95% in a single day amid suspected insider manipulation. Geopolitically, Iran is now demanding Bitcoin payments for transit through the Strait of Hormuz, reflecting both internal governmental discord and the growing adoption of crypto in tense regions. In semiconductors, Nvidia CEO Jensen Huang showed rare public frustration over questions regarding chip sales to China, while the industry faces renewed price hikes. Tesla continues expanding its Robotaxi service, and a Chinese humanoid robot outperformed humans in a half-marathon, marking a milestone in robotics. Despite Middle East tensions and market uncertainties, U.S. stocks continue to rise, prompting discussions about market optimism versus risk blindness. Overall, today’s developments highlight systemic vulnerabilities—in tech, finance, and geopolitics—while also showcasing innovation in crises.

A landmark event has occurred in the domestic large model sector. DeepSeek, which had been self-funded until now, is seeking external financing for the first time, with a valuation exceeding $10 billion. This could alter the competitive landscape of China's AI large models and also reflects the ongoing pressures of computing power and R&D investment.

Zhihu

Sam Altman's Side Projects Blur the Boundaries of OpenAI's Interests

The Wall Street Journal reported that several personal investment projects by OpenAI CEO Sam Altman pose potential conflicts of interest with OpenAI's business, sparking governance controversies. As OpenAI prepares for its IPO, this issue may become a regulatory focus.

WSJ

Running Qwen3.6-35B Locally Yields Results Comparable to Claude

A user ran the Qwen3.6-35B model (64k context) with 8-bit quantization on an M5 Max 128GB MacBook, achieving a programming experience close to that of Claude through OpenCode. The usability of local large models is rapidly approaching that of cloud services.

Hot topic: The developer community is seriously discussing "when we no longer need to subscribe to Claude."

Reddit

> Spicy take: The timing of DeepSeek's fundraising is微妙—when you prove that you can build a good model without burning cash, investors actually want to give you more money.

Crypto / Web3

KelpDAO Hacked for $294 Million, LayerZero Cross-Chain Bridge Incident Again

An attacker forged LayerZero cross-chain messages, minted 116,500 rsETH (worth $294 million) out of thin air, and used it as collateral to drain real ETH from lending protocols. The multi-signature paused the protocol after 46 minutes, but the damage was already done.

Hot topic: The community is once again questioning the trust layer design of cross-chain bridges, while THORChain promotes its "native cross-chain" solution.

lookonchain | THORChain

Aave Faces $5.4 Billion ETH Withdrawal Wave, Utilization Rate Soars to 100%

Following the KelpDAO attack that left Aave with bad debt, whales panicked and withdrew over $5.4 billion, with Justin Sun alone withdrawing $154 million worth of ETH. The ETH pool utilization rate has reached the 100% cap, and the AAVE token plummeted 18% in a single day.

WuBlockchain | lookonchain

RAVE Cryptocurrency Crashes 95% in a Single Day, $6.3 Billion Market Cap Evaporates

Suspected insider manipulation caused the RAVE token to plummet 95% from its peak in one day, wiping out $6.3 billion in market cap. Another typical pump-and-dump incident highlighting the manipulation risks in the crypto market.

Reddit

Iran Demands Bitcoin Payment for Strait of Hormuz Transit Fees

Amid the chaos of repeatedly closing and opening the Strait of Hormuz, Iran has begun requiring ships to pay transit fees in Bitcoin. Geopolitical crises are driving the practical application of alternative payment methods.

Finance Feeds

> Spicy take: Cross-chain bridges are in trouble yet again. The industry's obsession with "trust layers" is like its obsession with "decentralization"—everyone talks about it, but in action, they all take shortcuts.

Chips / Hardware

Huang Renxun Nearly Loses Composure When Questioned About Chip Sales to China

When asked about selling chips to China, Nvidia CEO Huang Renxun emotionally responded: "You're not dealing with someone who wakes up a loser." A rare public loss of composure reflects the immense pressure from the U.S.-China chip war.

Tom's Hardware

Semiconductor Industry Faces Another Round of Price Increase Notices

Following consecutive limit-up rallies for leading optical module equipment companies, the semiconductor supply chain has issued another round of price increase notices, affecting coupling and packaging testing equipment.

Cailian Press

Tech Companies

Tesla Expands Self-Driving Taxi Service to Dallas and Houston

Tesla's Robotaxi service continues to expand, adding two major cities in Texas. Musk's commercialization of full self-driving is accelerating.

36Kr

U.S. Stocks

Trump Launches Rapid Treatment Program for Severe Mental Illness

The White House released a fact sheet announcing an accelerated medical treatment approval process for severe mental illnesses. The WSB community热议 with dark humor, saying "finally someone cares about us."

White House

U.S. Stocks "Rise No Matter What" Sparks Discussion

Despite Middle East geopolitical tensions and Iran closing the Strait of Hormuz, U.S. stocks continue to rise. Investors are beginning to question whether the market is overly optimistic or numb to risks.

Reddit

Finance / Macroeconomics

Iran's Strait of Hormuz "Opened Then Closed" Exposes Internal Rifts

Iran's foreign minister announced on Friday that the strait was "fully open," only for the Revolutionary Guard to announce via maritime radio hours later that it was "still closed" and criticize the foreign ministry's "naive tweets." This public confrontation reveals deep contradictions between Iran's political leadership and military hardliners.

WSJ | CNN

50 Days of Iran Conflict, Global Oil Revenue Losses Reach $50 Billion

Since the conflict erupted in late February, global markets have lost over 500 million barrels of crude oil and condensate. At an average price of $100 per barrel, losses exceed $50 billion. Analysts call this the largest energy supply disruption in modern history.

6551

> Spicy take: Iran's foreign ministry and Revolutionary Guard argued on Twitter, and oil prices went on a roller coaster. This is probably the Persian version of "governing by Twitter."

New Products / New Trends

Chinese Humanoid Robot Wins Half Marathon, Surpasses Human Record

At the Beijing Humanoid Robot Half Marathon, Glory's "Lightning" robot broke the 20-kilometer mark for the first time and won, with a time surpassing some human runners. Over 70 teams and 300+ robots participated, marking a milestone in the athletic capabilities of humanoid robots.

Hot topic: Overseas communities are amazed by the speed of China's robot development.

Zhihu | Reddit

NASA Shuts Down Voyager 1 Instrument to Extend Spacecraft's Life

To conserve energy, NASA turned off one of Voyager 1's scientific instruments. Launched in 1977, the probe has been operating for nearly 50 years. The team faces a difficult choice: collect more data or let it travel farther.

NASA

Today's Undercurrent

Cross-chain bridges exploding again, U.S. stocks immune to all bad news, Iran's factions working against each other—today's theme is "systems out of control." Whether it's the trust assumptions at the technical layer, the market's risk pricing mechanisms, or the command chains in geopolitics, vulnerabilities are being exposed. Amid the chaos, some are collecting tolls in Bitcoin, while others are making robots run marathons. When old orders begin to fail, new experiments emerge.

Perguntas relacionadas

QWhat was the cause of the KelpDAO attack and how much was lost?

AThe KelpDAO attack was caused by an attacker forging LayerZero cross-chain messages to mint 116,500 rsETH (worth $294 million) out of thin air, which was then used as collateral to drain real ETH from lending protocols.

QHow did the KelpDAO attack impact Aave and what was the scale of the withdrawal?

AThe KelpDAO attack caused Aave to incur bad debt, triggering a panic withdrawal of over $5.4 billion in ETH by whales, with Justin Sun alone withdrawing $154 million. The ETH pool utilization reached 100%, and the AAVE token plummeted 18% in a single day.

QWhat happened to the RAVE cryptocurrency and how much value was erased?

AThe RAVE cryptocurrency crashed by 95% in a single day, erasing $6.3 billion in market value, in a suspected pump-and-dump event orchestrated by insiders.

QWhy did NVIDIA CEO Jensen Huang nearly lose his temper when questioned about chip sales to China?

AJensen Huang became emotionally agitated when questioned about NVIDIA's chip sales to China, retorting, 'You're not dealing with someone who wakes up a loser,' reflecting the immense pressure from the U.S.-China chip war.

QWhat geopolitical event is driving the use of alternative payment methods like Bitcoin?

AIran's repeated opening and closing of the Strait of Hormuz, along with its requirement for ships to pay transit fees in Bitcoin, is driving the use of alternative payment methods due to the geopolitical crisis.

Leituras Relacionadas

The $290 Million Deficit: A Three-Way Game Between Aave, L0, and Kelp—Who Should Foot the Bill?

An incident involving the theft of 116,500 rsETH (worth approximately $290 million) from Kelp DAO’s cross-chain bridge contract has triggered a complex dispute over responsibility and compensation among Kelp DAO, LayerZero, and Aave. The attack occurred due to a compromised RPC provider used by LayerZero’s Decentralized Verifier Network (DVN). Since Kelp DAO’s bridge used a 1/1 DVN configuration—a single point of failure—the attacker successfully forged a cross-chain message, leading to the unauthorized release of rsETH tokens from the mainnet. These genuine tokens were then deposited into Aave and other lending platforms to borrow WETH, enabling the attacker to exit with the funds. Responsibility is attributed primarily to Kelp DAO for its risky 1/1 DVN setup. LayerZero bears secondary responsibility for permitting such a vulnerable configuration in its protocol layer. Aave also shares indirect blame for over-collateralizing rsETH and other Liquid Restaking Token (LRT) assets without adequate ongoing risk oversight. Kelp DAO lacks sufficient funds to cover the loss, shifting focus to the deeper-pocketed players: LayerZero, whose cross-chain ecosystem and reputation are at risk, and Aave, which faces massive bad loans and declining Total Value Locked (TVL). Aave has asserted that mainnet rsETH remains fully backed, implying it expects Kelp DAO to allow redemption of underlying ETH. This approach would preserve Aave’s mainnet positions but invalidate Layer2 rsETH, damaging LayerZero’s cross-chain credibility. Potential solutions include: - A universal 18.5% haircut on all rsETH holders, causing significant Aave bad debt. - Writing off Layer2 rsETH entirely, protecting Aave mainnet but harming LayerZero and Kelp DAO. - Negotiating a bounty with the hacker for partial fund return. - A joint bailout, possibly led by LayerZero’s ecosystem fund, given its long-term stake in the cross-chain ecosystem. The situation remains unresolved as the parties negotiate, but prolonged delay risks broader DeFi instability, including potential liquidity crises and loss of confidence in LRT and cross-chain infrastructures.

Odaily星球日报Há 13m

The $290 Million Deficit: A Three-Way Game Between Aave, L0, and Kelp—Who Should Foot the Bill?

Odaily星球日报Há 13m

Bitcoin's Bull-Bear Range Battle Continues, HYPE Faces Critical Test of Wave V Support | Exclusive Analysis

This market analysis covers Bitcoin (BTC) and HYPE, highlighting key levels and trading strategies for the week. HYPE is currently testing a critical support level at $40.17. A hold above this level could lead to consolidation between $40.17–$45.76, while a break below it may signal the end of its current V-wave uptrend from the April 2 low. The short-term strategy is to look for long entries near $40.17 if support holds, using 30% leverage and strict stop-loss discipline. Bitcoin is interpreted to be in a larger D-wave rebound from the February 6 low of $60,000, currently trading within a $73,500–$79,000 range. Key resistance lies at $79,000–$80,600 and $83,500–$84,500, with supports at $73,500, $69,500, and $65,000–$66,000. The medium-term strategy maintains a 60% short position from $89,000. Short-term tactics include selling into rallies near $76,500–$79,000 (Scenario A) or breaking below $73,500 (Scenario B), using 30% leverage. Last week, a 1x leveraged long trade in HYPE yielded a 6.80% gain, and the BTC short from $89,000 is currently up approximately 17.08%. Risk management is emphasized: set stop-losses at entry, move to breakeven at +1% profit, and trail stops to lock in gains thereafter. All views are based on technical analysis and are not investment advice. Traders are urged to exercise caution and adapt to market changes.

marsbitHá 43m

Bitcoin's Bull-Bear Range Battle Continues, HYPE Faces Critical Test of Wave V Support | Exclusive Analysis

marsbitHá 43m

Bitcoin's Bull-Bear Range Battle Continues, HYPE Faces Critical Test of Wave V Support | Invited Analysis

The market is experiencing directional uncertainty with both opportunities and risks. HYPE's daily V-wave structure is at a critical juncture, with the $40.17 support level being pivotal for its future trajectory. A break below this level, followed by an inability to surpass the recent high of $45.76, could signal the end of the current upward structure. The short-term strategy for HYPE is to "follow the trend and buy on dips," using a 30% position size and a 30/60-minute trading cycle, entering long upon confirmed support holds with model signals. Bitcoin's market structure is reinterpreted, with the rally from the $60,000 low now considered a larger D-wave rebound within a medium-term correction, facing a key test between $73,500 and $79,000. A break above the upper bound may lead to limited upside, while a drop below could see a decline toward $69,500. Core resistance lies at $79,000–$80,600 and $83,500–$84,500, with support at $73,500, $69,500, and $65,000–$66,000. The medium-term strategy maintains a 60% short position from $89,000, to be exited if price stabilizes above the multi-empty band. Short-term tactics involve 30% positions for "spread" opportunities, with two scenarios: selling on rallies near $76,500–$79,000 (Scheme A) or shorting on a breakdown below $73,500 (Scheme B), both with strict stop-losses. A复盘 of HYPE's recent short trade showed a 6.80% gain from a long entry at $41.59 (based on model buy signals) and exit at $44.42 (triggered by top signals). Key reminders include setting initial stops at entry, moving to breakeven at +1% profit, and trailing stops thereafter. All views are for reference only; market conditions change rapidly, and caution is advised.

Odaily星球日报Há 50m

Bitcoin's Bull-Bear Range Battle Continues, HYPE Faces Critical Test of Wave V Support | Invited Analysis

Odaily星球日报Há 50m

On the Same Day Aave Introduced rsETH, Why Did Spark Choose to Exit?

On April 18, Kelp DAO's cross-chain bridge was exploited, resulting in the malicious minting of 116,500 unbacked rsETH. The attacker deposited these into Aave and borrowed WETH, creating a potential bad debt of approximately $195 million. Aave’s Guardian quickly froze the market, but the protocol’s insurance could only cover about 25% of the loss. In contrast, SparkLend, a lending protocol in the MakerDAO ecosystem, suffered no direct losses. This was not due to superior foresight but rather a preemptive governance decision. On January 29, Spark executed a governance action to discontinue new rsETH supply, citing low usage and high concentration from a single wallet. The same day, Aave expanded its rsETH market by enabling E-Mode with a 93% LTV to attract more deposits. Spark’s risk management framework is designed to remove assets with low usage or poor risk-adjusted returns, regardless of external security concerns. Aave’s decision was growth-oriented, aiming to boost WETH utilization and attract capital. Spark also employs additional safeguards: rate-limited supply and borrow caps that would have limited the scale of such an attack, and a robust oracle system using the median of three price feeds. These mechanisms systemically contain the maximum exposure to any single risk event, demonstrating a fundamentally different approach to risk than Aave’s growth-first model.

marsbitHá 51m

On the Same Day Aave Introduced rsETH, Why Did Spark Choose to Exit?

marsbitHá 51m

Strategy's 'Money Printer': Is STRC Bitcoin's Savior or Destroyer?

Bitcoin's recent price movement is being heavily influenced by Michael Saylor and his company, MicroStrategy, through a new financial instrument: STRC (Variable Rate Series A Perpetual Stretch Preferred Stock). This Nasdaq-listed perpetual preferred stock offers an 11.5% annual dividend, attracting significant capital. Crucially, funds raised from STRC are used to purchase Bitcoin, with a 3x leverage effect—for every $1 from STRC, MicroStrategy adds $2 from MSTR equity to buy $3 worth of BTC. This creates a powerful "flywheel": more STRC sales fuel massive BTC buying, supporting its price and improving MicroStrategy's credit, which in turn makes STRC more attractive to investors. However, this mechanism introduces risks. A significant "ex-dividend arbitrage" pattern has emerged, where traders buy STRC before its monthly dividend, collect the payout, and quickly sell, causing price volatility and potentially driving up Bitcoin's cost basis for MicroStrategy. In response, Saylor has proposed shifting STRC to a semi-monthly dividend to smooth out these effects. Furthermore, STRC's high yield is being integrated into DeFi protocols like Apyx Protocol and Saturn Credit, offering new on-chain yield opportunities. The central concern remains: as MicroStrategy aggressively accumulates over 3.5% of all BTC, it challenges Bitcoin's foundational principle of decentralization, creating a system where a single public company significantly influences the market.

marsbitHá 58m

Strategy's 'Money Printer': Is STRC Bitcoin's Savior or Destroyer?

marsbitHá 58m

Trading

Spot
Futuros
活动图片

Categorias popularesright-arrow

Etiquetas Popularesright-arrow