Kelp DAO, with a straight face, claims this move to Chainlink CCIP is all about beefing up rsETH’s security. Apparently, 116,500 rsETH tokens took a little unauthorized vacation on April 18, courtesy of some clever hackers. Those tokens then waltzed into Aave v3, where they were used as collateral to borrow wrapped Ether. Naughty, naughty!
Other major cryptocurrencies also saw price increases. Solana jumped 3% to $87.35, while Dogecoin rose another 4% to $0.1158, bringing its weekly gains to 14.5% with high trading volume. XRP, BNB, and TRX all finished the day with positive gains.
In a recent post on X (formerly Twitter), technical analyst Ali Martinez noted Bitcoin’s positive momentum, suggesting it’s still demonstrating underlying strength.
Bitcoin found a cushion near $78,800 and decided to resume its jog, as if the treadmill were suddenly a destiny. BTC picked up pace and breezed past the $79,200 and $80,000 resistance levels, because nothing says motivation like a punishingly precise round number.
I’m hearing that they might sell off some Bitcoin to actually pay out a dividend to investors. The idea is to show everyone we’re serious and that we can actually deliver on our promises, essentially proving the concept and calming any doubts about our ability to generate returns.
In a May 5 Substack dispatch with all the futile bravura of a sermonizing luncheon speaker, titled “Institutions are Guzzling Bitcoin,” Edwards notes that institutional flows have intensified since his previous bulletin, rising to around 577% of daily mined supply. Bitcoin, he adds with the calm of a man tallying chess pieces, has gained 12% over the same interval.
Meanwhile, the crypto world is busy watching the CLARITY Act, Spot XRP ETFs, and a price chart that’s more stubborn than a Larry David character. Nothing’s breaking, nothing’s moving, but everyone’s acting like it’s the Super Bowl of crypto.
After a period of decline, SHIB has found stability and is now showing consistent gains. The price chart is forming a pattern called an ascending triangle, where buyers are consistently stepping in at higher prices while the resistance level remains relatively unchanged. This type of pattern often signals that a significant price increase is likely to happen soon.
Recent analysis on X shows increasing concern about potential declines across different timeframes. CyclesFan noted a key support level was broken last week, Mohammad Sami highlighted possible price drops, and Sensei Tutum outlined a larger pattern of correction that’s still unfolding.
Imagine the scene: intrepid reporters ascend to the 21st floor of Panama City’s Oceania Business Plaza, only to find empty desks and a bewildered employee who’d never heard of Polymarket or its Panama alter ego, Adventure One QSS Inc. It’s like searching for a needle in a haystack, except the haystack is a law office and the needle is a crypto giant that apparently vanished into thin air.
