Kelp DAO, Aave to resume rsETH after $292M Lazarus hack
The restart comes a week after a Lazarus-linked April 18 attack drained the restaking market's largest LRT — a clean recovery test for the DeFi lending stack that absorbed the impact.
Ethereum is a decentralized, open-source blockchain platform designed to support smart contracts and decentralized applications without the control of any central authority. Often described as a programmable global computer, it allows developers to build a wide range of on-chain services, from financial protocols and NFT marketplaces to gaming platforms, using self-executing programs written primarily in Solidity. These smart contracts run on the Ethereum Virtual Machine, which is maintained by a global network of independent nodes. The native asset, Ether (ETH), functions as the network's currency. It is used to pay transaction fees, commonly referred to as gas, and must be staked by validators who propose and confirm blocks. In September 2022, Ethereum transitioned from Proof of Work to Proof of Stake through an event known as the Merge, reducing its energy consumption by more than 99 percent. An earlier upgrade, EIP-1559, introduced a fee-burning mechanism that can offset issuance during periods of high activity. Ethereum was proposed in 2013 by Vitalik Buterin, alongside several co-founders, and launched in July 2015. It belongs to the Smart Contract Platform and Layer 1 categories, and remains the largest ecosystem for decentralized application development.
The restart comes a week after a Lazarus-linked April 18 attack drained the restaking market's largest LRT — a clean recovery test for the DeFi lending stack that absorbed the impact.
The wallet now holds 127,716 ETH ($292M) — and the buy cadence is what makes it notable: repeated USDC-funded spot adds at scale, not a single opportunistic entry.
A previously dormant wallet — identified by the address prefix 0xB476 — re-entered the market roughly seven hours ago…
JLTXX will hold Treasurys and overnight repos — but the design target is stablecoin reserve compliance under the GENIUS Act, not yield-seeking crypto capital.
The Ethereum Foundation has rolled out Clear Signing, an open standard designed to replace blind signing across the…
The cross-wallet standard brings Ledger, Trezor, MetaMask, WalletConnect, and Fireblocks onto one human-readable transaction format — the kind of infrastructure-layer move that compounds quietly.
JPMorgan is set to bring a tokenized money-market fund to the Ethereum blockchain, marking one of the most significant…
BTC still carries the book — roughly $2.17B of the $2.3B in cumulative originations — but adding SOL widens the funnel and signals Coinbase is doubling down on onchain lending as a core product line.
The new JLTXX vehicle is structured to meet GENIUS Act reserve rules for stablecoin issuers — turning JPMorgan into a direct infrastructure play for compliant onchain dollar yield, days after…
A $394M quarterly net loss and a 35%+ revenue miss would normally crater a stock — but Coinbase is now valued as a crypto-cycle infrastructure play, and Wall Street is treating the quarter as…
JPMorgan is launching a tokenized money market fund built on Ethereum, specifically engineered to qualify as a reserve…
Targeting the GENIUS Act's eligible-reserve carve-out for stablecoin issuers, the fund re-anchors Wall Street's tokenization thesis to the deepest institutional balance sheet yet.
After billions lost to phishing and wallet drains, the Foundation pairs ERC-7730 with a public registry so wallets can show users plain-English prompts before they hit approve.
The EF is hosting transaction descriptors for wallet developers to consume directly — turning Clear Signing from a per-wallet patch into shared wallet infrastructure.
SOL joins the collateral stack as Coinbase's crypto-backed loan book crosses $2.3B in originations — a sign the venue is betting users want yield-plus-borrowing, not yield-versus-it.
The split is the story: $BTC ETFs gave up 7 $BTC on the day, $ETH products bled for a seventh straight session, and $SOL funds kept stacking — diverging flow has become the dominant tape signal.
Core CPI doubled to 0.4% in April and headline hit 3.8% — its fastest pace since May 2023 — flipping Fed-cut bets into a 35% chance of a 2026 rate hike.
The $1.35B cumulative figure is doing more work than the daily print: a single day of inflows tells you traders are reacting, but the fact that they keep reacting three weeks into the product is what…
The reiteration hinges on Sharplink's 0.8x discount to NAV and a Galaxy Digital co-managed yield fund that the bank argues marks a structural widening of Ethereum's demand base beyond just treasury…
Targets cluster between $150K and $250K as the panel calls an end to crypto winter, with one specific caller landing on $189,425 and Ethereum pitched as high as $12,000.
Ethereum is a global, open-source platform for decentralized applications.
Ethereum (ETH) launched on 2015-07-30.
Ethereum (ETH) is categorised as: Smart Contract Platform, Layer 1 (L1), Ethereum Ecosystem.
The official Ethereum site is https://www.ethereum.org/.
Most recent Ethereum coverage: "Kelp DAO, Aave to resume rsETH after $292M Lazarus hack" — read at /en-US/a/kelp-dao-and-aave-set-to-resume-rseth-operations-as-292m.