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forklog.media Arbitrum DAO to Vote on $71 Million Transfer to DeFi United Fund

The governance of the L2 network Arbitrum has initiated a vote on transferring 30,766 ETH (~$71 million) to the DeFi United fund, established to aid the sector's recovery following the Kelp hack.  The project's security council had previously frozen these assets at the hacker's address and moved them to an "interim frozen wallet."  The discussion will continue until May 7. At the time of publication, the community had cast 34 million ARB in support of the proposal. Source: snapshot.org.  The Arbitrum security council's decision to freeze the perpetrator's funds has divided the community. Some participants criticized the possibility of manual intervention in the network's state, while others deemed the actions justified given the scale of the damage. Largest Contribution to DeFi United As of May 1, DeFi United had raised over $314 million—enough to fully cover the $290 million damage from the Kelp hack.  Source: defiunited.world.  If the vote concludes with approval, the Arbitrum DAO will become the largest donor to the initiative. For comparison:  ConsenSys and Joseph Lubin jointly allocated 30,000 ETH; Mantle provided a loan of 30,000 ETH; The Aave DAO is considering transferring 25,000 ETH, in addition to 5,000 ETH from protocol founder Stani Kulechov; LayerZero directed 5,000 ETH and placed another 5,000 ETH in Aave; Kelp contributed 2,000 ETH. April was one of the most productive months for hackers. The industry's losses reached $651 million, noted CertiK specialists. This is the highest figure since March 2022, when the sector lost $715 million. #CertiKStatsAlert 🚨Combining all the incidents in April we’ve confirmed ~$651M lost to exploits with~$3.5M of the total attributed to phishing.April has had the highest losses recorded since March 2022 (~$715M), excluding Feb 2025 (Bybit).More details below 👇 pic.twitter.com/x9uAbLbtMz— CertiK Alert (@CertiKAlert) April 30, 2026 The main damage was caused by two incidents: Drift at the beginning of the month lost $285 million, followed by the Kelp hack. On April 30, the Wasabi protocol fell victim to a hacker attack. Hackers withdrew over $5 million. 

forklog.media April Sets Record for Crypto Industry Hacks

April witnessed a record number of hacks in the crypto industry. Analysts at DeFiLlama counted more than 20 incidents during the month. April ends as the most-hacked month in crypto history, by number of incidents. pic.twitter.com/Cx67K3z86O— DefiLlama.com (@DefiLlama) April 30, 2026 According to CertiK, total losses from attacks reached $651 million. While this figure did not set a monetary record, the number of individual hacks surpassed historical levels. #CertiKStatsAlert 🚨Combining all the incidents in April we’ve confirmed ~$651M lost to exploits with~$3.5M of the total attributed to phishing.April has had the highest losses recorded since March 2022 (~$715M), excluding Feb 2025 (Bybit).More details below 👇 pic.twitter.com/x9uAbLbtMz— CertiK Alert (@CertiKAlert) April 30, 2026 Analyst Stacy Muur estimated a total of 24 cases of fund theft. Full list of protocols & pools exploited in April (+2 since yesterday) ↓Wasabi Protocol: $ unknownSweat: $3,500,000Aftermath Finance: $114,000Judao: $228,000Singularity Finance: $413,000ZetaChain: $300,000Scallop Lend: $150,000Purrlend: $1,500,000Giddy:… https://t.co/pPQ3StmiZv— Stacy Muur (@stacy_muur) April 30, 2026 The largest incident was the hack of Kelp, resulting in a $292 million loss. The attack caused issues with "bad debts" in the lending protocol Aave, forcing the community to seek emergency loans and donations. The second largest was the breach of Drift Protocol on the Solana platform, with damages exceeding $280 million. Project representatives stated that the attack was not due to a code bug. According to them, it was a planned operation prepared over six months using social engineering techniques. Another notable case was the hack of the Hyperbridge protocol on the Polkadot network: the project lost $2.5 million due to forged cross-chain messages. The perpetrator issued about 1 billion DOT tokens and sold them. At the end of the month, an expert known as Wazz reported the hacking of hundreds of wallets on the Ethereum network, many of which had been inactive for more than seven years. Hundreds of wallets (many of which haven't been active in 7+ years) just got drained by the same address on ETH mainnetSeems like a new live exploit, worth flagging https://t.co/QiKU1b86Uv pic.twitter.com/o1uU85CLPT— Wazz (@WazzCrypto) April 30, 2026 According to CertiK, April's losses were the largest since March 2022, excluding the Bybit exchange incident. About $3.5 million of the total was due to phishing. On April 30, attackers breached the Wasabi project, causing damages exceeding $5 million. On April 28, the Ethereum infrastructure project Syndicate was hacked. Cybersecurity experts estimated the losses at $330,000. At the same time, attackers breached the Aftermath Finance exchange in the Sui ecosystem, extracting about $900,000 in USDC. A day earlier, the L1 network ZetaChain was affected. Developers stated that the incident only impacted the team's internal wallets. The damage amounted to $333,868.

bitcoinist.com Bitcoin Market Depth Thins: Spot Volume Drops To Lowest Since October 2023

On-chain data shows the Bitcoin spot volume has observed a notable decline, something that could make the market more sensitive to flow shifts. Bitcoin Spot Volume Has Gone Through A Decline Recently As highlighted by on-chain analytics firm Glassnode in an X post, the Bitcoin Spot Volume has declined to multi-year lows. The “Spot Volume” […]

cryptobriefing.com Randy Moss: Sixers showcase historic playoff dominance, Celtics’ three-point reliance could backfire, and Knicks set new scoring records | Pardon My Take

LIV Golf's financial struggles raise questions about its sustainability and impact on the sport's future. The post Randy Moss: Sixers showcase historic playoff dominance, Celtics’ three-point reliance could backfire, and Knicks set new scoring records | Pardon My Take appeared first on Crypto Briefing.

blockmanity.com 7 High-Volume Blockchain Stocks to Watch Closely This April

7 to Watch Closely This April Blockchain technology keeps growing fast. It powers cryptocurrencies, secure data sharing, and new financial tools. Investors love blockchain stocks because they give exposure to this boom without buying crypto directly. These stocks come from […] The post 7 High-Volume Blockchain Stocks to Watch Closely This April appeared first on Blockmanity.

bitcoinist.com XRP Could See Fresh Demand As Japan’s Rakuten Unlocks Loyalty Point Conversions

Japan’s crypto tax overhaul could soon make Rakuten’s new XRP feature far more attractive. Policymakers are reviewing a proposal to slash capital gains rates on digital assets from 55% to 20% — a change that would dramatically alter how Japanese consumers think about holding and spending cryptocurrency. Related Reading: Bitcoin Could Free Businesses From Bank […]

news.bitcoin.com Porvenir Launches Crypto Pension Fund in Colombia

Porvenir, the largest Colombian pension fund manager, opened the doors to cryptocurrency to its users by launching a new crypto investment portfolio option. “ Crypto Porvenir” allows exposure to crypto assets starting from 100,000 Colombian pesos, leveraging BlackRock’s IBIT ETF to simplify management and minimize costs. Key Takeaways: Porvenir launched a crypto portfolio using Blackrock’s […]

forklog.media PayPal Restructures Business to Establish Cryptocurrency Division

Payment company PayPal announced a business reorganization. The management structure will be divided into three areas, one of which will focus on digital assets. The new structure is as follows: Payment Services & Crypto: this division will combine platform solutions, processing, and cryptocurrency services, including the stablecoin PYUSD. Jeff Pomeroy has been appointed as the interim head; Checkout Solutions & PayPal: this area will unite services for consumers and merchants under the leadership of Frank Keller; Consumer Financial Services & Venmo: a consumer financial services platform based on the Venmo app. Alexis Sowa has been appointed as the interim head. PayPal CEO Enrique Lores noted that the restructuring will simplify decision-making, increase accountability, and accelerate the company's growth. Due to the changes, two top executives will leave the firm: Executive Vice President of the Consumer Group Diego Scotti and Head of the Small Business Division Michelle Gill. New leaders have been appointed in their place: Antonio Lucio as Chief Marketing Officer and Anshu Bhardwaj as Director of AI Transformation. The company will reveal details of the new operating model on May 5, during the release of its financial report. In February, PayPal, MoonPay, and M0 announced the PYUSDx product, which will allow developers to issue their own stablecoins based on PYUSD for specific ecosystems and applications.

news.bitcoin.com Silence Labs Launches Quantum-Safe Vault to Secure Crypto Custody

Silence Laboratories has launched a quantum-safe custody vault designed to protect digital assets from future cryptographic threats. The system combines post-quantum signatures with multi-party computation to help institutions transition without overhauling existing infrastructure. Key Takeaways: Silence Laboratories launched a quantum-safe vault using NIST’s 2024 ML-DSA standard. Bitgo and Infosys join early tests, signaling rising institutional […]

bitcoinist.com Visa Expands Stablecoin Pilot To 9 Blockchains As Usage Hits $7B Run Rate

Visa has announced an expansion for its stablecoin pilot, with the payments processing giant adding Arc, Polygon, and three other blockchains. Visa Has Added Five New Blockchains To Its Stablecoin Pilot As revealed in a press release, Visa has expanded its global stablecoin settlement pilot with five new blockchains. The pilot enables issuers and acquirers […]

cryptopotato.com Stratosphere Acquires Movimentum to Expand Full-Stack Web3 Growth Capabilities

[PRESS RELEASE – Miami, United States, April 30th, 2026] Following a cash and equity transaction, Stratosphere has acquired Movimentum, bringing together two highly experienced teams in Web3 growth and marketing under one brand. As part of the deal, equity in Stratosphere was extended to the Movimentum team, reinforcing a long-term commitment from both sides to […]

news.bitcoin.com Tether Leads $14M Series A for Argentine Wallet

Belo, an Argentine cryptocurrency wallet and crypto services provider, has raised $14 million in a round led by Tether, the world’s largest stablecoin issuer. Belo’s CEO, Manuel Beaudroit, stated that this round will help fund the platform’s expansion into other key Latam markets. Key Takeaways: Tether led a $14M Series A funding round for Argentine […]

bitcoinist.com Bitcoin Could Be Trading Below Fair Value, According To Most Crypto Investors

Short-term holders have nearly stepped away from the market. Data from CryptoQuant shows that the realized cap UTXO age bands for one-week to one-month holders dropped to 3.91% — a level last seen in October 2023, when Bitcoin was changing hands near $27,000. That quiet, behind-the-scenes signal is now drawing attention from analysts who say […]

blockmanity.com Unlocking Options Trading Concepts Live: Essential Strategies for Crypto Traders

Unlocking : Essential Strategies for Crypto Traders Options trading can feel like a maze for new crypto enthusiasts. But imagine watching experts break it down live, answering your questions in real-time with charts and tools. That’s the power of sessions. […] The post Unlocking Options Trading Concepts Live: Essential Strategies for Crypto Traders appeared first on Blockmanity.

news.bitcoin.com 28,000 Americans Sign Petition Urging Senate CLARITY Act Markup

Stand With Crypto delivered a 28,000-signature petition to Washington, pressing the Senate Banking Committee to mark up the CLARITY Act. The campaign frames crypto regulation as a voter demand from organized digital asset owners. Key Takeaways: Stand With Crypto delivered a petition urging Senate action on the CLARITY Act. Supporters say regulatory delays leave users, […]

bitcoinist.com New Ledger Scan Shows How Much XRP Is Quantum-Exposed

A full-history scan of the XRP Ledger has put fresh numbers on one of crypto’s more uncomfortable long-term security questions: how exposed current accounts may be to a future quantum-computing threat. The analysis, shared by dUNL validator Vet on X, examined all 7,810,364 XRP Ledger accounts and found that 76.82 billion tokens is currently held […]

news.bitcoin.com Ripple Expands Korea Banking Footprint With Kbank Custody Deal

Ripple Custody will support Kbank’s digital asset wallet expansion in Korea’s regulated banking sector. The deal gives Korea’s first internet-only bank managed infrastructure for custody, asset control, and cross-border payment capabilities. Key Takeaways: Ripple will provide Kbank with managed custody infrastructure for institutional digital asset wallets. Kbank gains multi-party computation-based tools across multiple blockchain networks. […]