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The Compound Foundation stated that, after closely collaborating with the Aave and KelpDAO teams, the relevant positions of the rsETH exploiters in WETH and wstETH Comet have all been liquidated over the weekend, and all rsETH held by the attackers has been transferred to DeFi United. Compound noted that the swift action effectively mitigated market risks and protected the safety of the protocol's suppliers and reserve funds.Compound also updated that the transfer restrictions for Ethereum WETH and wstETH Comet have now been lifted, and all Comet markets have resumed normal operations. The protocol stated that the top priority remains ensuring the overall safety of the platform and thanked the Aave and KelpDAO teams for their collaboration during the incident handling process.

The Compound Foundation stated that, after close collaboration with the Aave and KelpDAO teams, the relevant positions of the rsETH exploiters in WETH and wstETH Comet have all been closed over the weekend, and all rsETH held by the attackers has been transferred to DeFi United.Compound stated that the quick action effectively mitigated market risks and protected the safety of the protocol's suppliers and reserve funds. Compound also updated that the transfer restrictions for Ethereum WETH and wstETH Comet have now been lifted, and all Comet markets have returned to normal operation. The protocol stated that the top priority remains ensuring the overall safety of the platform and thanked the Aave and KelpDAO teams for their collaborative efforts during the incident handling process.

According to Jinshi reports, Federal Reserve's Goolsbee stated that he is optimistic about a significant decrease in interest rates, but progress needs to be made on inflation.

The Ethereum Foundation disclosed the results of a recent interoperability meeting held by core developers in the Svalbard archipelago of Norway and updated the key technical progress for the next phase upgrade, Glamsterdam. During the meeting, multiple client teams collaborated on network scalability and execution layer optimization, making progress in several directions. Developers confirmed that based on the comprehensive results of ePBS, BAL optimization, and the EIP-8037 repricing mechanism, a consensus on the "trusted path" after Glamsterdam has been reached.In terms of the execution layer, ePBS (External Proposer Separation Architecture) has been stably running in the multi-client Glamsterdam-devnet, and the external block builder process has completed end-to-end testing, covering almost all client implementations. Meanwhile, EIP-8037 has been finalized, establishing the fixed cost_per_state_byte model, and complete repricing parameter output has been achieved in bal-devnet-6. The scalability direction Hegotá has also made progress. The FOCIL-related prototype has a runnable implementation, and the scope of account abstraction (AA) requirements has been defined, with the next phase entering the multi-client development network verification stage.Current development focus remains on the final implementation of Glamsterdam while advancing the Hegotá scalability design and subsequent Strawmap route evolution. The development network is online, and functionalities such as FOCIL are expected to continue deepening in the next phase of testing. At the organizational level, this interop meeting also marks the formal initiation of leadership structure adjustments within the Protocol Cluster. The new leaders include Will Corcoran, Kev Wedderburn, and Fredrik. Will Corcoran is responsible for zkVM proof and post-quantum consensus coordination, Kev Wedderburn leads zkEVM development, and Fredrik is in charge of protocol security and the Trillion Dollar Security project.Original Protocol Cluster leadership team members Barnabé Monnot and Tim Beiko will gradually step back from management roles, and Alex Stokes is entering a leave period. The foundation stated that during its term, the Protocol has completed modular advancement and facilitated the launch of the Fusaka upgrade (December 2025), introduced PeerDAS, and enhanced mainnet gas capacity.

In February this year, several Chinese citizens were raided by the police at a rented villa in Country Heights, Kajang, Malaysia. The police claimed to suspect that the Chinese citizens were involved in fraud, and subsequently, the Chinese citizens were forced to transfer about $50,000 (approximately 200,000 ringgit) in USDT. The police later arrested 12 officers involved in the case and removed them from frontline duties, but the investigation still awaits technical reports and digital evidence results, and there has been no breakthrough to date.Lawyer Charles, representing eight Chinese victims, stated that the investigation is progressing too slowly. Since the arrest of the 12 involved police officers, there has been no further information, raising suspicions of internal interference attempting to suppress the case. He warned that if there is internal protection, he will file a complaint with the Malaysian Anti-Corruption Commission.

Wasabi Protocol released a security incident update, stating that attackers exploited a configuration vulnerability in the Spring Boot Actuator within its AWS infrastructure to steal the private keys controlling EVM smart contracts, resulting in the theft of approximately $4.8 million in user funds and $900,000 in protocol treasury funds, with total losses amounting to about $5.7 million.The attack chain began with a public server used for analysis, whose Actuator heap dump was not properly password protected, allowing attackers to obtain credentials for another server and ultimately gain control of the smart contract private keys. This incident only affected EVM deployments, including certain treasuries on Ethereum, Base, Blast, and Berachain, while Solana deployments and Prop AMM were not affected.There has not yet been a final update on the user compensation plan, but "ensuring all affected users are compensated" remains the team's top priority, and updates on the investigation progress will be released in the Discord community in the future.

After the U.S. Senate reached a compromise on the issue of stablecoin yields, expectations for the advancement of the cryptocurrency market structure bill have significantly improved. Industry insiders say this progress has "significantly boosted market sentiment," and the Senate Banking Committee may advance the review and vote next week.Previously, the probability of the bill passing was only about 20%–30%, but expectations have now risen to about 60%. However, ethical issues surrounding Donald Trump and his connections to cryptocurrency businesses are still seen as a key obstacle. The bill aims to establish a comprehensive regulatory framework at the federal level for the first time and delineate the regulatory authority between the SEC and CFTC.

According to Jinshi reports, Federal Reserve's Goolsbee stated that positive progress on inflation will lead to interest rate cuts, but such a situation has not yet occurred.

Lido released the latest updates on the Kelp security incident, stating that the Snapshot vote regarding the EarnETH first loss protection mechanism being below the 1% threshold has reached the quorum and been approved. The losses for EarnETH users will be fully covered by the Lido Earn first loss mechanism.The rsETH held by the attacker has been liquidated, and the related stETH has been transferred to the DeFi United rescue plan. In addition, the EarnETH treasury is expected to reopen shortly after the Kelp protocol resumes operations, at which point users will be able to conduct normal deposit and withdrawal operations. Lido emphasized that during the freeze period, the EarnETH and EarnUSD treasuries continue to generate returns. Currently, EarnETH users only need to wait for the brief unfreezing process to complete, and once the funds are restored, they will be compensated according to the first loss protection mechanism.

According to Crypto In America, the U.S. CLARITY Act has reached a key compromise on the yield mechanism for stablecoins, clearing an important obstacle for the Senate Banking Committee to advance its review.Under the latest proposal, crypto companies can offer rewards (such as cashback or membership benefits) based on user transaction behavior, but are prohibited from paying interest yields (APY) on idle stablecoin balances. This compromise means that stablecoins will be explicitly positioned as payment tools, rather than as bank-like deposits or high-yield savings products. The industry generally believes that this provision strikes a balance between the crypto industry and traditional banks, but is overall more favorable to the banking system.Industry organizations, including Coinbase, have renewed their support for the bill, believing that although the yield restrictions have tightened, there is still room to earn rewards based on actual usage scenarios. Some industry insiders have pointed out that this move limits the financial attributes of stablecoins.In terms of the regulatory process, Senate Banking Committee Chairman Tim Scott is expected to schedule a markup of the bill soon, possibly as early as mid-May after Congress reconvenes. Additionally, discussions around DeFi regulation (such as defining developer responsibilities) and ethical provisions are still ongoing and may become important variables affecting the bill's final passage. The market generally believes that the next two weeks will be a critical window for whether the CLARITY Act can be implemented.

According to CoinDesk, Amy Oldenburg, the head of digital asset strategy at Morgan Stanley, stated at the Bitcoin conference in Las Vegas that U.S. banks may hold Bitcoin on their balance sheets in the future, but the timeline remains uncertain due to guidance from the Federal Reserve, Basel agreements, and global regulatory requirements.Meanwhile, Morgan Stanley's recently launched first bank-issued Bitcoin ETP product, MSBT, attracted over $100 million in inflows within the first six days of its launch, all from self-directed investment channels and has not yet been opened to financial advisors.Oldenburg pointed out that the slow adoption on the advisory side is mainly due to an education gap. The bank has initiated internal training programs to address this and is applying for an OCC digital trust license to support direct custody of crypto assets and spot crypto trading services.

According to Jinshi reports, Federal Reserve's Goolsbee stated that GDP growth was unexpectedly strong, and consumer spending is also progressing steadily.

At the Ethereum University Tour - Shanghai Station Fudan University special event, SYNBO was invited to give a keynote speech, systematically breaking down the evolution logic of the public chain ecological investment and financing market.Currently, the primary market in the industry heavily relies on offline intermediary models, facing four major disconnection issues in terms of access, trust, capital release, and profit distribution.In response to the existing pain points in the industry, SYNBO is committed to transforming capital operations into on-chain verifiable rules, relying on delivery-oriented capital release, dynamic pricing and financing share trading, continuous asset generation mechanisms, and community co-construction models to build a native on-chain investment and financing protocol system.The SYNBO model will break down traditional VC industry barriers, lower the financing threshold for innovation and entrepreneurship, and promote the industry's development from "asset on-chain" to "on-chain capital efficiency upgrade," creating sustainable endogenous growth momentum for the entire public chain ecosystem.

The crypto market structure bill has seen almost no public progress in the past month. While it is quite difficult to predict the outcome of the bill, the window for passing it is narrowing. Many actions surrounding the market structure issue—such as statements from staff at the Securities and Exchange Commission (SEC)—are not permanent guidance. The SEC has time to issue rules that require public notice and comment periods, but this will take time.The market structure legislation aims to codify the goals of the crypto industry and regulatory rules into law, making it more difficult for future governments to overturn these rules. In other words, without the Clarity Act, we could very well still be having the same discussions years from now.Since at least last December, May 25, Memorial Day, has been viewed as the "deadline" for legislative progress. After entering summer, lawmakers will leave Washington to campaign, leaving little time for the crypto bill (or most other legislation). Before Congress recesses, the House still needs to consider a bill that provides funding for the Department of Homeland Security, while the Senate must decide whether Kevin Warsh will become the next Federal Reserve Chair.The crypto industry is eager for the bill to pass. Over 100 organizations signed an open letter last week urging the Senate Banking Committee to hold a hearing on the bill, which would be the first step in the overall passage process. However, it is currently unclear how far the committee is from moving forward. The issue of stablecoin yields continues to dominate discussions, and other unresolved issues remain unaddressed at least in public.Even if these issues are resolved, the House will still need to vote on the bill again. House Financial Services Committee Chairman French Hill stated earlier this month that many unresolved issues surrounding stablecoin and DeFi sales practices have been addressed in the House version of the bill, and the Senate should be able to find consensus.

The DeFi United ecological rescue initiative led by Aave is ongoing. The Arbitrum DAO has released 30,765 ETH that was frozen after the rsETH incident on April 18. The designated donation address has accumulated a total of 100,360 ETH to address the collateral asset gap caused by the rsETH incident on April 18.The plan aims to restore the rsETH backing assets through multi-party collaboration, stabilize the market, and prevent the spread of bad debts across protocols. The funds will be used to support the recovery of collateral rates and gradually promote market normalization in conjunction with relevant protocols.Current major commitments or participants include: Arbitrum DAO releasing 30,765 ETH frozen after the rsETH incident on April 18, Mantle proposing to contribute 30,000 ETH, AaveDAO proposing to contribute 25,000 ETH, Aave founder Stani Kulechov confirming to provide 5,000 ETH, EtherFi proposing to provide 5,000 ETH, Lido proposing to provide 2,500 stETH, Golem Foundation and related projects totaling 1,000 ETH, among others. Additionally, LayerZero, Ethena, FraxFinance, InkFoundation, and others have also confirmed participation, but specific amounts have not yet been disclosed.It should be noted that the progress of this rescue still relies on several external key conditions, including KelpDAO restoring rsETH redemptions and the Arbitrum security committee releasing frozen assets. The overall recovery time and effectiveness remain uncertain.

According to CoinDesk, while quantum computers cannot disrupt the Bitcoin mining mechanism or the blockchain ledger, they may potentially crack the elliptic curve encryption system that protects wallet ownership through Shor's algorithm. Currently, about 6.9 million BTC (approximately one-third of the total supply) face potential risks due to public keys being visible on-chain, including around 1 million early holdings by Satoshi Nakamoto; transactions generated after the Taproot upgrade in 2021 are also affected due to public key exposure.Ethereum has established a formal quantum resistance migration plan since 2018, with 4 full-time teams and over 10 independent development groups, and has launched a dedicated progress website at pq.ethereum.org. In contrast, Bitcoin currently lacks a unified response roadmap, and the existing BIP-360 proposal and BitMEX Research detection scheme have not received widespread support from core developers. Notable Bitcoin advocate Nic Carter pointed out that Bitcoin's response is "the worst," while Blockstream CEO Adam Back believes that current quantum systems are still in the laboratory stage, but he also agrees that optional upgrade solutions should be deployed in advance.Analysts point out that Bitcoin's anti-centralization governance culture makes coordinating large-scale security upgrades extremely difficult, and how to handle historical legacy issues such as Satoshi Nakamoto's holdings is particularly challenging. A related paper from Google warns that once quantum attacks become a reality, the window for response may have already closed.

KelpDAO announced on platform X that since April 18, it has been coordinating with Aave and ecological partners to advance the recovery work for rsETH holders. The initial gap of this incident was 163,200 ETH, and Kelp has currently recovered 40,300 rsETH, equivalent to about 43,000 ETH. The Arbitrum Security Committee has also secured an additional 30,700 ETH, leaving a remaining gap of approximately 89,500 ETH.Kelp stated that among the remaining gap, Mantle, Stani Kulechov, EtherFi, Lido, and Golem have publicly confirmed commitments totaling 43,500 ETH and are working with partners to formalize the relevant contributions. Kelp emphasized that rsETH holders are a priority.

Vercel's CEO Guillermo Rauch tweeted that the team has completed an in-depth security investigation, analyzing nearly 1 PB of complete Vercel network and API logs, far exceeding the initial Context.ai account breach incident.The investigation revealed that the attackers' activities extended beyond Context.ai and have distributed malware on a broader scale, targeting account keys from platforms like Vercel. Once the keys are obtained, the attackers quickly and comprehensively enumerate non-sensitive environment variables. Current measures include deepening collaboration with industry partners such as Microsoft, AWS, and Wiz to jointly protect the broader internet ecosystem; other suspected victims have been notified and advised to immediately rotate credentials and strengthen security best practices.

Investment bank TD Cowen stated that the disagreements surrounding the CLARITY Act go beyond the issue of stablecoin yields, and multiple real-world obstacles may slow down the legislative process.First, the Commodity Futures Trading Commission is understaffed, with only one commissioner currently in office. In this situation, Congress is unlikely to feel comfortable handing over more cryptocurrency regulatory responsibilities to the agency, and filling the personnel gaps will take months. Second, the issue of prediction markets is heating up. Whether to include it in the bill's regulation, as well as potential insider trading and conflicts of political interest (including controversies related to Trump-related projects), may lead some Democratic lawmakers to oppose the bill.At the same time, the ongoing controversy surrounding the Trump family's cryptocurrency project World Liberty Financial is increasing the political sensitivity of the bill, making bipartisan consensus harder to achieve. Geopolitics has also become a variable. Discussions about Iran potentially using cryptocurrency payments are reinforcing the focus on anti-money laundering provisions and could even introduce amendments detrimental to the industry. Additionally, some lawmakers are attempting to include the Credit Card Competition Act, which, if advanced, could trigger new conflicts of interest and further delay the overall legislation.

Gate is hosting an F1 Red Bull Racing car display parade in Hong Kong, with the display cars appearing around Victoria Harbour and proceeding along a designated route, attracting market and public attention.This parade serves as an important offline action in the cross-industry collaboration between Gate and the F1 Red Bull Racing team, bringing top-tier racing culture into urban landmark scenes, enhancing brand exposure and discussion.From April 18 to 24, Gate will also launch the "Racing the Future" outdoor cross-industry exhibition at the K11 MUSEA waterfront promenade in Hong Kong, which will focus on showcasing Red Bull Racing cars and related equipment, as well as setting up interactive experience areas.As the official sponsor of the F1 Red Bull Racing team, this exhibition will be the first to showcase the brand new 2026 Red Bull Racing car and core equipment, introducing an immersive interactive experience area that recreates the fusion of top racing engineering and the aesthetics of speed.In addition, Gate will hold the "Gate 13 Blue Carpet Ceremony" on April 20, where the unveiling of the F1 Red Bull Racing display car and brand collaboration will take place. That evening, Gate will also host a high-end anniversary dinner event at the Rosewood Hong Kong, where platform founder and CEO Dr. Han will be present, and it is expected that over 300 representatives from top industry institutions and partners will be invited to participate in the exchange.