Author: NBTC

Following the KelpDAO-related rsETH crisis, risk management measures are expanding in the DeFi ecosystem, and Aave has taken another new governance step. A new proposal from TokenLogic, which provides services to the Aave ecosystem, foresees the temporary suspension of the $AAVE token buyback program. The proposal states that $AAVE buybacks will cease as of April 19, 2026, and this decision will be officially put to a community vote. The vote is scheduled to begin on April 28, 2026. The rationale for the proposal highlighted the uncertainty that arose after the security breach on KelpDAO’s LayerZero-based rsETH bridge on April 18th.…

Compound Foundation has proposed a governance plan offering 3000 $ETH to assist Aave in the ongoing rsETH recovery effort under the DeFi United initiative. The proposal includes a potential contribution of up to 3,000 $ETH to help restore stability after the recent disruption linked to rsETH. It states in their proposal that while Compound’s direct exposure to the incident is expected to remain limited, the protocol has chosen to participate in the recovery process. Compound Foundation Proposes 3000 $ETH to Aave’s DeFi United Post the rsETH incident, the Compound Foundation and its service providers began working with other participants in…

Despite the ongoing conflict between the US and Iran, Bitcoin ($BTC) and altcoins are having a strong week. Bitcoin has climbed above $75,000 for the first time in weeks, while altcoins are also experiencing double-digit gains. However, the critical week of the FED interest rate decision has arrived. In the Bitcoin ($BTC) and cryptocurrency market, all eyes are on tomorrow’s FED meeting and the FED chairman’s statements. Accordingly, the Fed will announce its second interest rate decision of 2026 tomorrow, followed by an oral statement from Fed Chairman Jerome Powell. While it is widely expected that the Fed will keep…

Deloitte Confirms $RLUSD Reserves Trust in any stablecoin comes down to one simple question: is it fully backed? For Ripple’s $RLUSD, a recent independent review by Deloitte delivers a clear verdict that this is the case. The audit found that throughout February 2026, $RLUSD consistently held reserves exceeding its circulating supply, reinforcing the strength of its 1:1 U.S. dollar peg. The numbers back it up. On February 19, $RLUSD reported $1.61 billion in reserves against 1.53 billion tokens in circulation. By February 27, reserves stood at $1.56 billion, still comfortably above the 1.49 billion tokens issued. In short, $RLUSD isn’t…

More than 120 crypto organizations including Coinbase, Ripple, Kraken, and Andreessen Horowitz sent a joint letter to the Senate Banking Committee on April 23 demanding an immediate CLARITY Act markup, as the bill’s end-of-May deadline tightens and prediction market odds fall below 50%. The CLARITY Act faced the most coordinated industry pressure yet on April 23 when more than 120 organizations posted a joint letter via the Blockchain Association demanding the Senate Banking Committee schedule an immediate markup. As 247 Wall St. noted, Chairman Tim Scott has still not put the markup on the Banking Committee’s calendar, with the Kevin…

Sam Bankman-Fried (SBF) previously argued that FTX could have recovered value if assets were given time to recover, and now he has received fresh proof of that claim in the form of SpaceX’s multi-billion-dollar deal with Cursor. A 5% stake in the AI startup Cursor cost $200,000 in 2023, but now, following a new $60 billion deal with SpaceX, the same 5% stake is worth $3 billion. How much did FTX sell its Cursor stake for? In April 2022, Alameda Research, the trading firm founded by Sam Bankman-Fried (SBF), invested $200,000 in Anysphere, the company behind the AI coding tool…

A crypto analyst has presented a new roadmap for Bitcoin ($BTC), outlining his interpretation of past events and forecasting the market’s next possible moves in the coming months. The analyst also shared insights into the market’s psychology during key periods in the current cycle. While he reveals how to trade in this shaky environment, the analyst also projects that Bitcoin could hit a new all-time high of $215,000 soon. His overall analysis suggests that Bitcoin may still be in a bull market despite recent price crashes and analysts’ claim that it has entered its cyclical bear phase. A Look At…

In the often-fractured world of decentralized finance, crises tend to expose fault lines. This time, they’re also revealing an unusual level of coordination. Aave, one of DeFi’s largest lending protocols, is at the center of a broad recovery effort following losses tied to the Kelp DAO exploit, drawing in capital and credit commitments from across the industry. The effort, informally dubbed “DeFi United,” has raised about $303 million in commitments as of Monday, according to its website, with much of the capital still pending governance approval. The exploit, which rippled into rsETH markets and created risk across lending positions on…

Robinhood’s (HOOD) newly launched venture fund has added stakes in Stripe and ElevenLabs, marking its first disclosed investments since beginning trading earlier this month. Robinhood Ventures Fund I (RVI), a closed-end fund designed to give retail investors exposure to private companies, said it purchased roughly $14.6 million in Stripe shares and $20 million in ElevenLabs preferred stock in transactions completed in March. The fund began trading on the New York Stock Exchange on March 6, part of Robinhood’s broader push to open private markets to everyday investors. Shares of the fund can be bought and sold like a traditional stock,…

In the first quarter of 2026, $IOTA solidified its strategic pivot toward becoming the primary infrastructure provider for global trade. This evolution is detailed in the recently published $IOTA Manifesto, which outlines a vision for a neutral, open, and scalable digital infrastructure to power the global economy. We encourage all community members and partners to read the Manifesto to understand our long-term commitment to digitalizing international trade. This quarter’s progress is defined by the transition of the Trade Worldwide Information Network (TWIN) to operational phases and the successful rollout of core protocol developments that can support global-scale trade transactions. Q1…