Author: WebDesk
In just 48 hours, approximately $13 billion has been withdrawn from the DeFi market following the KelpDAO exploit on April 18—an incident now regarded as the largest decentralized finance hack of 2026. Beyond the direct loss of roughly $290 million, the event triggered a massive wave of liquidity withdrawals that quickly spread to lending protocols like Aave, where a portion of the exploited assets had been used as collateral.DeFi TVL Drops $13B in 48 Hours Data from DefiLlama shows that total DeFi Total Value Locked (TVL) fell from approximately $99.4 billion to $86.2 billion, representing a drop of over $13 billion.…
Uzbekistan has created a supervised crypto mining zone in Karakalpakstan under a presidential resolution signed on April 17. Summary Uzbekistan created Besqala Mining Valley to allow supervised crypto mining and foreign digital asset sales. Mining companies receive tax breaks until 2035 but must route proceeds through local bank accounts. The new framework allows renewable, hydrogen, and grid power, replacing the earlier solar-only rule. The framework allows approved mining firms to operate in a defined area, sell mined digital assets on foreign platforms, and keep sale proceeds within Uzbekistan’s banking system. Meanwhile, the decree took effect on April 20 and established…
All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. The Kelp DAO exploiter has reportedly laundered 34,500 ETH, worth roughly $80 million, according to onchain analyst EmberCN. Most of the stolen ETH appears to have been swapped into Bitcoin through THORChain, driving the protocol’s daily volume far above normal levels. The Kelp DAO attacker appears to be moving quickly again, this time through cross-chain routes that are much harder to interrupt once the funds are in motion. According to onchain analyst EmberCN, the exploiter has laundered around 34,500 ETH, worth roughly $80 million, after…
Something unusual is happening in the Pudgy Penguins ecosystem. The project’s native token, PENGU, has surged roughly 8% in the past 24 hours – but if you checked the NFT floor price on OpenSea, you’d barely notice a ripple. That divergence between the token and the underlying NFT collection isn’t noise. It’s a signal, and it tells collectors something important about how the market values this project in 2026.The Numbers at a GlanceThe live PENGU price is approximately $0.008203, with a 24-hour trading volume of $144 million. The token is up around 8% in the last 24 hours, with a…
The cryptocurrency market has given birth to two gems, serving different directions, but at a time, both of them are moving towards a singular goal. Bitcoin has often been touted as digital gold, but Ethereum has now started to catch up with BTC, delivering new use cases while being called a layer that could redefine tokenization. In the meantime, Ethereum has also started to gain more favor from the investors as analysts continue to label it the currency that may shoulder the on-chain boom one day. Here’s why Ethereum is crucial for the future of Web3, and investors should pay…
Blockchain.com has now allowed up to 40x leveraged perps trading within its non-custodial wallet. Powered by Hyperliquid, users can trade across 190+ crypto markets with real-time tools. The move aims to strengthen the self-custody trend but raises risk due to high leverage exposure. Blockchain.com has introduced perpetual futures trading within its non-custodial DeFi wallet. The feature is powered by the Hyperliquid network. The launch allows users to trade leveraged positions directly from their wallets without having to transfer funds to centralized exchanges. The update represents a growing change in the way retail users access derivatives markets. Traders can now have…
A lot of investors are hoping for Shiba Inu to reach the $0.01 and $1 milestone. But it’s well known that SHIB has an abundance of tokens in circulation which is stunting its growth in the charts. For those who still believe that Shiba Inu can reach $1, it’s time to rethink the strategy from a financial angle. The hype and buzz of the token had clouded critical thinking, making traders believe that $1 is inevitable. In reality, it is not.Currently, there are 589.5 trillion SHIB tokens in circulation with no chance of being sent to the dead wallet. The…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The newly appointed Governor of the Bank of Korea (BOK) has delivered his first policy address in office, highlighting central bank digital currencies (CBDCs) and bank-issued deposit tokens while skipping any mention of stablecoins, despite South Korea’s efforts to develop a related framework and establish a local market. New BOK Governor Pushes For CBDCs In an inauguration speech on Tuesday, Bank of Korea’s new governor, Shin Hyun-song, began his term outlining the priorities the central bank will focus on over the next four years. The BOK Governor,…
Kelp DAO Hacker Just Moved $175 Million In Ethereum And Started Laundering It – Here Is What We Know
This is a developing story. Figures may have changed since publication.One of DeFi’s largest exploits in recent memory has taken a sharp new turn after the Kelp DAO hacker began moving around $175 million in Ethereum and appears to have started laundering the stolen funds. The attacker’s on‑chain reaction came almost immediately after Arbitrum’s Security Council froze roughly $71 million of the stolen ETH, underscoring how quickly the hacker is trying to obscure the trail.How the Kelp DAO exploit unfoldedThe incident began on April 19–20, 2026, when an unknown attacker exploited a vulnerability in Kelp DAO’s rsETH bridge, which runs…
Google’s recent report on quantum computers had many in the cryptocurrency realm worried. The report stated that a future quantum computer could potentially crack Bitcoin’s (BTC) private keys within minutes, a move that would render the asset and industry useless. However, teams across various crypto projects have begun working on post-quantum security measures. Ripple’s XRP is also working towards quantum computer security measures, which may be ready by 2028. Let’s discuss what may happen.XRP To Be Secure From Quantum Computers By 2028Source: Bitcoin NewsAccording to a report by Ripple, the company is preparing a multi-phased strategy for quantum security on…
