Make CryptoSlate preferred on A $292 million exploit at KelpDAO set off a broad retreat across decentralized finance over the weekend, draining roughly $10 billion across the DeFi industry and forcing multiple protocols to freeze markets tied to rsETH.The breach began late Saturday when an attacker drained about 116,500 rsETH from KelpDAO’s cross-chain bridge. The stolen tokens were worth about $292 million at the time, according to CryptoSlate data.KelpDAO issues rsETH to users who deposit ETH into its liquid restaking system. The platform then deploys those ETH through the restaking platform EigenLayer to generate additional yield on top of standard…
Author: cryphedge
RaveDAO token plunged 95% from $26 to under $1. RAVE launched in December 2025 on Binance Alpha. ZachXBT’s on-chain analysis also highlights MemeCore, River and MYX among questionable projects. RaveDAO (RAVE) has plunged below $1, erasing more than 95% of its earlier rally to an all-time high of $26. The sharp decline follows an investigation by blockchain analyst ZachXBT, which alleged clear signs of price manipulation. The findings have raised broader concerns about potential insider-driven schemes affecting multiple tokens listed on centralised exchanges, contributing to selling pressure across the segment. RaveDAO token dumps amid ZachXBT’s explosive allegations ZachXBT, a pseudonymous…
Former American basketball player Scottie Pippen revealed that Shiba Inu token is now on his watchlist. The professional NBA star who played 17 seasons, winning six championships with the Chicago Bulls, could soon take an entry position into SHIB.Pippen took to X, saying that while Bitcoin is his numero uno investment, he is also considering other tokens such as Shiba Inu, Dogecoin, XRP, and Cardano’s ADA, among others.“Bitcoin is my #1. But I’m building my watch list. What coins are you watching?” he wrote on X, and continued that he’s closely watching tokens to diversify his portfolio. “I got my…
BNB, Binance’s native token, is currently trading in the $620–$630 range and has remained stuck below the key resistance level of $700 after several failed tests since mid-March. Although the price has recovered by approximately 6.4% over the past 7 days, the upward momentum is still not strong enough to push this asset out of its current accumulation zone.Signals from capital flows, price structure, and the derivatives market indicate that BNB remains in a state of equilibrium between buying and selling pressure, as the market still lacks a catalyst strong enough to break through this resistance zone.Price Structure Signals ResistanceTechnically,…
David Schwartz, CTO Emeritus at Ripple, had a pointed observation this week after the Kelp DAO rsETH bridge was exploited for approximately $292 million.He had seen this coming. Not this specific attack, but the conditions that made it possible.“I evaluated a lot of DeFi bridging systems for use by RLUSD,” Schwartz wrote on X. “I was almost exclusively focused on the security and risk aspect. One thing I noticed is that most schemes were very well designed and had really strong mechanisms available to protect against exactly the type of attack the KelpDAO situation seems to have been caused by.”The…
The crypto industry entered 2026 under significant pressure. Over 20 crypto projects shut down in Q1 alone, while returns across major sectors and top tokens remained broadly negative. Market sentiment got a lot worse, with the Crypto Fear & Greed Index staying below 20 for most of March, firmly in “Extreme Fear” territory.To better understand the true state of the market, NFTPlazas has analyzed the latest data across trading activity, on-chain usage, institutional flows, and emerging sectors in the first quarter of 2026. This report combines gathered datasets with our own calculations and restructuring to present a clear view of…
The crypto market is going through a lot of volatility and change, with daily price changes having a major effect on prices over the long term. According to CoinMarketCap, there is a very clear and broad distinction between what attracts the attention of investors today. There are many strong performing DAO projects, privacy token projects, and exchange utility tokens. While investors look for stability elsewhere in the economy, these top performers show where the most capital and attention of investors are now. DeXe Protocol and the Governance Revolution DeXe (DEXE) is leading the charge in today’s rally, with a gain…
Make CryptoSlate preferred on Users paid $9.7 billion in on-chain fees in the first half of 2025, up 41% year over year and the second-highest total on record.1kx projects more than $32 billion in on-chain fees for 2026, driven by accelerating application growth. That growth has pushed the word “revenue” into every crypto investor pitch deck, every sector report, and every valuation conversation.The report added that a Bitcoin drawdown may stress-test protocol fees.1kx’s April sector analysis finds that nearly every crypto fee category shows a positive correlation with BTC price. There is also wide dispersion across sectors, and the critical…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since Sep 2018 About Author The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for… Last updated: April 19, 2026 XRP has blasted through the $1.40 range for its strongest weekly…
Catapult Trade has closed an investment from KuCoin Ventures as part of an ongoing fundraising round. Terms were not disclosed. Additional deals are in progress, with the round expected to stay open as the platform targets expansion into new regional markets. The investment follows early commercial traction. Since its full launch in December 2025, the platform has recorded $1.1 billion in cumulative trading volume and 77,000 monthly active users — numbers that arrive at a moment when retail attention has been moving away from traditional DEXs and launchpads, and into a category where Catapult has no established competitor at scale.…
