An individual exploiting Kelp DAO allegedly laundered $80 million worth of ETH through THORChain. The incident highlights ongoing security concerns within the Ethereum ecosystem and decentralized finance platforms. The laundering occurred after the exploit, raising questions about the effectiveness of cross-chain security measures and the need for enhanced safeguards in DeFi protocols.
Gensyn launched Delphi, an AI-settled market platform on Ethereum Layer 2, backed by a16z Crypto. Market creators earn 1.5% of volume in USDC if successful, with a 0.5% protocol fee used to buy and burn AI tokens. The platform uses fixed AI models and reproducible execution for decentralized info markets.
Base launched the Azul upgrade on April 22, 2026, significantly enhancing its network performance. The upgrade introduces multiproofs, reduces empty blocks by 99%, and increases transaction throughput to 5,000 TPS. It also improves network reliability and decentralization, aligning with Ethereum Osaka specifications. Coinbase’s Layer 2 network aims for faster withdrawals and greater scalability with this upgrade.
Tether minted 2 billion USDT on the Ethereum network over three days, significantly increasing its supply. The issuance, executed from its treasury address, brings Tether’s total USDT supply close to $190 billion. This large minting highlights ongoing stablecoin market growth and Tether’s active management of its USDT supply on Ethereum.
Etherealize predicts Ethereum could reach $250,000 per ETH in the long term, citing increasing institutional interest. The forecast highlights Ethereum’s potential to become a global financial backbone. As institutional buyers accumulate, technical analysis suggests a significant upward trend, positioning Ethereum as a key player in future financial systems. The prediction underscores growing confidence in Ethereum’s long-term value.
Amid the $10 billion Aave breakup, investors are shifting funds into safer assets like Maker’s Spark and USDC, with stablecoins serving as a temporary refuge. This movement reflects a flight to safety, as funds seek more stable lending options, simpler Ethereum exposure, and off-chain yields, highlighting a cautious approach in the current market environment.
Bitmine bought 101,627 ETH worth over $230 million on April 20, signaling risk asset loading by treasury firms. This large accumulation in 2026 suggests potential bullish sentiment for Floki, as whale activity often influences price. The focus on risk assets indicates possible upward momentum for FLOKI in the near term.
