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On April 21, Axios reported that U.S. Vice President Vance will travel to Pakistan on Tuesday for discussions regarding Iran.

[Vice President Vance to Visit Pakistan for Iran Talks on Tuesday]On April 21, Axios reported that U.S. Vice President Vance will travel to Pakistan on Tuesday for discussions regarding Iran.

Vice President Vance to Visit Pakistan for Iran Talks on Tuesday

On April 21, the U.S. Senate Banking Committee will hold a confirmation hearing for Federal Reserve Chair nominee Kevin Warsh at 10 a.m. Eastern Time (10 p.m. Beijing Time). According to an opening statement obtained in advance by Politico, Warsh stated that interest rate decisions must be strictly independent of political considerations, and monetary policy should not be used as a tool for short-term political objectives. He emphasized that the credibility of the Federal Reserve comes from institutional constraints and policy discipline. Warsh highlighted that price stability is the Fed's safeguard and committed to taking full responsibility for it, stating, "No excuses, no evasion." He also warned against the expanding boundaries of the Fed's functions in the post-crisis era, advocating that it should not extend its reach into areas of fiscal or social policy where it lacks statutory authority.

[Fed Nominee Warsh's Opening Statement Released, Commits to Independence in Rate Decisions]On April 21, the U.S. Senate Banking Committee will hold a confirmation hearing for Federal Reserve Chair nominee Kevin Warsh at 10 a.m. Eastern Time (10 p.m. Beijing Time). According to an opening statement obtained in advance by Politico, Warsh stated that interest rate decisions must be strictly independent of political considerations, and monetary policy should not be used as a tool for short-term political objectives. He emphasized that the credibility of the Federal Reserve comes from institutional constraints and policy discipline. Warsh highlighted that price stability is the Fed's safeguard and committed to taking full responsibility for it, stating, "No excuses, no evasion." He also warned against the expanding boundaries of the Fed's functions in the post-crisis era, advocating that it should not extend its reach into areas of fiscal or social policy where it lacks statutory authority.

Fed Nominee Warsh's Opening Statement Released, Commits to Independence in Rate Decisions

On April 21, on-chain analyst Ai Yi (@ai_9684xtpa) reported that Trend Research has conducted another operation after one month. Fifty minutes ago, 5.41 million UNI and 228,000 COMP tokens were transferred to the new address 0xfa9…FEB58, with a total value of $23.32 million. The ownership of the address has yet to be determined.

[Trend Research Transfers Over $23 Million in DeFi Tokens After One Month]On April 21, on-chain analyst Ai Yi (@ai_9684xtpa) reported that Trend Research has conducted another operation after one month. Fifty minutes ago, 5.41 million UNI and 228,000 COMP tokens were transferred to the new address 0xfa9…FEB58, with a total value of $23.32 million. The ownership of the address has yet to be determined.

Trend Research Transfers Over $23 Million in DeFi Tokens After One Month

On April 21, following the KelpDAO attack incident, Dune released an analysis on the X platform regarding the DVN security configurations of all active OApps on LayerZero over the past 90 days. The data shows that among approximately 2,665 independent contracts, about 47% use the lowest security level of 1-of-1 DVN configuration, 45% use 2-of-2, and about 5% are at 3-of-3 or higher configurations. The analysis indicates that KelpDAO's rsETH falls into the 1-of-1 configuration category, highlighting the general lack of security redundancy design in current cross-chain applications.

[Dune: Nearly Half of LayerZero OApps Use Vulnerable Single Point Attack Configurations]On April 21, following the KelpDAO attack incident, Dune released an analysis on the X platform regarding the DVN security configurations of all active OApps on LayerZero over the past 90 days. The data shows that among approximately 2,665 independent contracts, about 47% use the lowest security level of 1-of-1 DVN configuration, 45% use 2-of-2, and about 5% are at 3-of-3 or higher configurations. The analysis indicates that KelpDAO's rsETH falls into the 1-of-1 configuration category, highlighting the general lack of security redundancy design in current cross-chain applications.

Dune: Nearly Half of LayerZero OApps Use Vulnerable Single Point Attack Configurations

On April 21, Sonic Labs published an article outlining its path to migrating to a quantum-resistant PoS network, claiming that its DAG-based SonicCS protocol can upgrade to post-quantum signatures without redesigning the consensus mechanism. (Cointelegraph)

[Sonic Labs Proposes Quantum-Resistant PoS Upgrade Path]On April 21, Sonic Labs published an article outlining its path to migrating to a quantum-resistant PoS network, claiming that its DAG-based SonicCS protocol can upgrade to post-quantum signatures without redesigning the consensus mechanism. (Cointelegraph)

Sonic Labs Proposes Quantum-Resistant PoS Upgrade Path

On April 21, Curve founder Michael Egorov stated that many recent avoidable security incidents in DeFi stem from centralized single points of failure, which are harming the entire industry. He cited the Aave and rsETH incident as an example, emphasizing that related issues should be prevented before incidents occur, rather than remedied afterward. He urged the industry to collaboratively establish DeFi security standards to reduce single points of failure and to share best practices among project teams, auditing firms, and risk assessment teams. He also suggested that the Ethereum Foundation and Solana Foundation could coordinate ecosystem participants to develop security principles and rules.

[Curve Founder Calls for Establishing DeFi Security Standards to Reduce Centralized Single Points of Failure Leading to Hacks]On April 21, Curve founder Michael Egorov stated that many recent avoidable security incidents in DeFi stem from centralized single points of failure, which are harming the entire industry. He cited the Aave and rsETH incident as an example, emphasizing that related issues should be prevented before incidents occur, rather than remedied afterward. He urged the industry to collaboratively establish DeFi security standards to reduce single points of failure and to share best practices among project teams, auditing firms, and risk assessment teams. He also suggested that the Ethereum Foundation and Solana Foundation could coordinate ecosystem participants to develop security principles and rules.

Curve Founder Calls for Establishing DeFi Security Standards to Reduce Centralized Single Points of Failure Leading to Hacks

On April 21, following the KelpDAO attack incident, Dune released an analysis on the X platform regarding the DVN security configurations of all active OApps on LayerZero over the past 90 days. The data shows that among approximately 2,665 independent contracts, about 47% use the lowest security level of 1-of-1 DVN configuration, 45% use 2-of-2, and about 5% are configured with 3-of-3 or higher. The analysis suggests that KelpDAO's rsETH falls under the 1-of-1 configuration category, highlighting the general lack of security redundancy design in current cross-chain applications.

[Dune: Nearly Half of LayerZero OApps Still Use 1-of-1 DVN Configuration]On April 21, following the KelpDAO attack incident, Dune released an analysis on the X platform regarding the DVN security configurations of all active OApps on LayerZero over the past 90 days. The data shows that among approximately 2,665 independent contracts, about 47% use the lowest security level of 1-of-1 DVN configuration, 45% use 2-of-2, and about 5% are configured with 3-of-3 or higher. The analysis suggests that KelpDAO's rsETH falls under the 1-of-1 configuration category, highlighting the general lack of security redundancy design in current cross-chain applications.

Dune: Nearly Half of LayerZero OApps Still Use 1-of-1 DVN Configuration

According to monitoring by Dongcha Beating, OpenAI's upcoming next-generation image generation model has been tested among some ChatGPT users and has appeared on third-party lists under the codename gpt-image-2. The model is expected to be officially released in the coming weeks. Insiders mentioned two key improvements. First, the capability for complex charts has significantly enhanced. For instance, it can accurately place sticky notes or text at specific locations on a whiteboard, a task that the previous model struggled with. Second, the output no longer has an 'AI feel'; the overly perfect lighting and skin-smoothed faces that were previously recognized flaws have been addressed. The new model is driven by OpenAI's pressure for user growth. ChatGPT's weekly active users have recently plateaued at around 920 million, missing the goal of reaching 1 billion by the end of 2025. Sam Altman issued an internal 'code red' last year, triggered by the popularity of Google's image model Nano Banana, with improvements in image generation being prioritized as one of the 'code red' initiatives. OpenAI aims to replicate the 'Ghibli moment' of early 2025, when millions of users flocked to ChatGPT to transform their and their friends' photos into Ghibli-style images. With enhanced text rendering capabilities, images can also be used more reliably in advertising and educational charts. This is one direction in which OpenAI seeks to differentiate itself from Anthropic, which has recently surpassed OpenAI in revenue with its programming models.

[OpenAI Tests Next-Generation Image Model gpt-image-2, Focused on Complex Charts and Realism]According to monitoring by Dongcha Beating, OpenAI's upcoming next-generation image generation model has been tested among some ChatGPT users and has appeared on third-party lists under the codename gpt-image-2. The model is expected to be officially released in the coming weeks. Insiders mentioned two key improvements. First, the capability for complex charts has significantly enhanced. For instance, it can accurately place sticky notes or text at specific locations on a whiteboard, a task that the previous model struggled with. Second, the output no longer has an 'AI feel'; the overly perfect lighting and skin-smoothed faces that were previously recognized flaws have been addressed. The new model is driven by OpenAI's pressure for user growth. ChatGPT's weekly active users have recently plateaued at around 920 million, missing the goal of reaching 1 billion by the end of 2025. Sam Altman issued an internal 'code red' last year, triggered by the popularity of Google's image model Nano Banana, with improvements in image generation being prioritized as one of the 'code red' initiatives. OpenAI aims to replicate the 'Ghibli moment' of early 2025, when millions of users flocked to ChatGPT to transform their and their friends' photos into Ghibli-style images. With enhanced text rendering capabilities, images can also be used more reliably in advertising and educational charts. This is one direction in which OpenAI seeks to differentiate itself from Anthropic, which has recently surpassed OpenAI in revenue with its programming models.

OpenAI Tests Next-Generation Image Model gpt-image-2, Focused on Complex Charts and Realism

On April 21, Aave released an update on the rsETH incident, referencing a LlamaRisk report that outlined two scenarios for handling bad debt: 1. Socializing losses across the entire chain; 2. Limiting losses to L2rsETH. Aave also stated that Aave DAO service providers are leading an effort in collaboration with ecosystem participants to address any bad debt. This initiative has already received several preliminary commitments from various parties. It is reported that the Aave DAO protocol treasury reserves approximately $181 million.

[Aave Discusses Two Approaches to Bad Debt Management, Service Providers Collaborate with Ecosystem Participants]On April 21, Aave released an update on the rsETH incident, referencing a LlamaRisk report that outlined two scenarios for handling bad debt: 1. Socializing losses across the entire chain; 2. Limiting losses to L2rsETH. Aave also stated that Aave DAO service providers are leading an effort in collaboration with ecosystem participants to address any bad debt. This initiative has already received several preliminary commitments from various parties. It is reported that the Aave DAO protocol treasury reserves approximately $181 million.

Aave Discusses Two Approaches to Bad Debt Management, Service Providers Collaborate with Ecosystem Participants

There is speculation that Crypto.com may be the next crypto exchange targeted by the SEC for violating laws regarding the sale of unregistered securities, due to the presence of similar "security tokens" on the platform and the fact that its native token, CRO, has not yet been considered a security by the SEC.

[Is Crypto.com the Next Target of the SEC's Crackdown on Crypto Exchanges?]There is speculation that Crypto.com may be the next crypto exchange targeted by the SEC for violating laws regarding the sale of unregistered securities, due to the presence of similar "security tokens" on the platform and the fact that its native token, CRO, has not yet been considered a security by the SEC.

Is Crypto.com the Next Target of the SEC's Crackdown on Crypto Exchanges?

Bitcoin Created By The CIA? Chinese Professor Jiang Xueqin Makes Bold Claim

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Analyst Exposes Bitcoin Market Maker Buy Strategy, Shows What Happens When Accumulation Ends

Conversation with Bitwise Advisor: From K-Shaped Economy to AI Taking Jobs, How Can Bitcoin Save the Younger Generation?

Analyst Reveals The Chances Of Bitcoin Price Crashing Again

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Bitcoin Miners Selling Nears Exhaustion – What Comes Next

Article

Qiu Dagen: Hong Kong Needs a Stable, Transparent, and Continuous Development Environment and Regulatory Policies

Is Crypto.com the Next Target of the SEC's Crackdown on Crypto Exchanges?

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