Crypto news

probably not by making Siri any smarter.

That dramatic aria unfolded this past weekend for a real patron of the decentralized theatre. Michael Egorov, cinematic‑savvy founder of Curve Finance, who has seen more plot twists than a Tolstoy novel, erupted on X with a single sentence that might as well be a cursed curse‑word:

This weekend, KelpDAO, a platform for liquid restaking, lost over $290 million worth of rsETH due to a hack. Attackers took advantage of a flaw in the protocol’s connection to LayerZero, a bridging technology.

Some, with their noses buried in ledgers and charts, insist these are the hallmarks of illicit dealings, a shadowy cabal trading on secrets. Others, perhaps more charitable-or naive-suggest it is merely the acumen of traders, honed to a fine edge, anticipating the tempest before the first gust. Yet, one cannot help but wonder: is it genius, or merely guilt cloaked in spreadsheets?

Apparently, this happened on April 15, which, let’s be honest, is just adding insult to injury after tax day. These former partners, tied to some third-party service provider, got into an external server and went full chaos mode. Not a hack, though-just good old-fashioned insider stupidity. Classic.

Key Takeaways:

TAO appears to be recovering, showing positive signs as it maintains support after a significant drop from its peak price.

With this latest purchase, Bitmine’s total ETH stash has swelled to an impressive 4.976 million tokens. Their combined crypto and cash position now sits at a staggering $12.9 billion, according to the announcement made on April 20. It’s like a game of Monopoly, except they forgot to pass go and just decided to collect all the properties instead.

Key Takeaways:

During this period, trading in Ethereum futures and options has largely favored sellers. The amount of buying pressure, measured by net taker volume, has consistently been lower than selling pressure.