Aave published a report outlining two possible outcomes: around $123 million in losses if damage is shared across all rsETH, or up to $230 million if confined to Layer 2s, with the final impact depending on how Kelp DAO allocates the shortfall.
News from Web3, Bitcoin and crypto crurrency launches and market updates
Bitcoin traded at $74,335 after Iran reimposed controls on the Strait of Hormuz over the weekend, with the modest 1.6% pullback standing out against a 5.7% jump in Brent and a 1.2% drop in European equity futures.
LayerZero said the attackers compromised two RPC nodes the company’s verifier relied on and DDoS’d the rest, with the attack working only because Kelp had ignored multi-verifier recommendations.
Multiple lending and yield protocols are posting double-digit percentage declines in TVL, though token prices are seeing a limited decline.
Breach tied to compromised AI tool may have exposed credentials used by app frontends, the user-facing layer that connects web3 wallets and trading interfaces to backend services.
2026 is shaping up to be DeFi’s “worst year in terms of hacks,” Ledger’s CTO said, as the Kelp exploit shows how a single point of failure can cascade across systems.
An attacker drained 116,500 rsETH, roughly 18% of circulating supply, from Kelp’s LayerZero-powered bridge on Saturday, triggering emergency freezes across Aave, SparkLend, Fluid and Upshift.
Strategy aim to reduce volatility, enable consistent bitcoin buying, and create the only bi-monthly paying preferred shares in the market.
Alcoa is in advanced negotiations to sell its dormant Massena East smelter in upstate New York to Bitcoin mining firm NYDIG.
AI companies raised $242 billion (80% of global venture funding) in early 2026, with Gartner projecting total AI spending will reach $2.52 trillion this year.
Nearly 90% of RAVE’s supply was concentrated in just three wallets, and millions of tokens were transferred to exchanges before the price surge.
Token edges ahead of bitcoin and ether over seven days, though thinning participation keeps the move in consolidation territory.