rari

The Lido research forum has launched a new proposal suggesting that the DAO authorize a temporary reduction of the first loss protection trigger threshold for the EarnETH treasury during the Kelp event. According to current rules, the protection mechanism of Lido Earn only triggers when the treasury loss exceeds 1% of the holdings. However, the proposal points out that if the shortage of rsETH is resolved through DeFi United, the actual loss may be less than 1%.To ensure that EarnETH users receive full compensation, the proposal suggests a one-time exception during this event, allowing the use of the first loss fund to cover losses below the 1% threshold. The current estimated residual borrowing rate loss is about 400 to 600 ETH.The proposal emphasizes that this move is a one-time arrangement for user protection, brand reputation, and business considerations, and does not change the general 1% rule. Since the rsETH event is expected to be resolved within 5 to 10 days, and the standard voting window is 7 days, the proposal also has a sense of urgency.

The official announcement from the stablecoin platform Reserve on Ethereum states that they are closely monitoring the attack on the Kelp DAO's LayerZero bridge. Currently, it is assessed that Reserve DTF holders will be almost unaffected. If rsETH on the mainnet is significantly devalued (potentially requiring a 15.5-18.5% depreciation), Aave may incur bad debts, which could in turn affect the USDC collateral in Aave V3.RSR stakers in the Reserve protocol USD3 and eUSD may provide protection as "first loss capital," but the impact is minimal, and the RSR over-collateralization is sufficient to cover it.ETH+ and bsdETH contain no rsETH collateral, posing zero risk. As a precaution, Reserve has temporarily suspended the minting, rebalancing, and RSR unbonding of eUSD and USD3. The redemption function remains open as normal, and if users require RSR over-collateralization protection, it is recommended to continue holding.

Web3 wallet Zerion announced on the X platform that it has discovered abnormal activity on the platform, reminding users to temporarily refrain from using the web application services. Related services have been temporarily taken offline, but the iOS and Android applications, as well as the web extension, are safe. User funds within the wallet have not been affected, and the situation is being actively monitored. Users will be notified separately once the web application is restored.

OpenAI stated that during a recent industry-wide security incident, potential security issues were discovered in the third-party development library Axios that they use. After investigation, no evidence was found of user data being accessed, systems being compromised, or software being tampered with.Out of caution, OpenAI has initiated security reinforcement measures, focusing on strengthening the authentication mechanism of the macOS application to prevent malicious parties from distributing counterfeit official applications. OpenAI also reminds all macOS users to update to the latest version of the application as soon as possible, either through in-app updates or official channels, to reduce potential risks.

VanEck's research director Matthew Sigel analyzed in a post on the X platform that the current protective demand in the Bitcoin derivatives market has risen to the historical 99th percentile, which is typically seen as a "contrarian buy signal" under extreme risk-averse market sentiment, and he judges that the market is currently suitable for establishing long positions.The VanEck Digital Transformation ETF (NODE), which Matthew Sigel also manages, has risen 27% since its inception, while Bitcoin has fallen 33% during the same period, achieving lower volatility performance through diversified allocation and focusing on profitable sectors. However, he also warns that if the massive capital expenditures in the artificial intelligence (AI) sector do not generate corresponding returns, it could pose substantial pressure on the market, especially in the context of a concentration in S&P 500 constituents.Note: Percentile is a statistical position concept, with the 99th percentile representing a relatively extreme level, and the 50th percentile representing the median level.

According to monitoring by Hyperinsight, the whale starting with 0x664 closed all of its SOL short positions, recording a loss of approximately $160,000, with an average closing price of $84.9.This short position was fully opened after the address deposited about $440,000 into Hyperliquid in the past 2 hours, with an average opening price of $83.5 and a position size of $9.096 million. After the stop-loss closure, the address withdrew the remaining $272,000 from the account completely.

According to CoinDesk, as of 1 AM, the number of long positions in BTC/USD on the Bitfinex exchange has surged to 79,343, reaching a 28-month high since November 2023.Historical data indicates that the surge in long positions on this platform has often served as a contrarian indicator, typically signaling price tops and impending sell-offs. For example, in the fourth quarter of 2025, while the number of BTC/USD longs increased by 30%, the spot price of Bitcoin fell by 23%.Currently, this extreme bullish sentiment indicator has once again raised a red flag. Coupled with geopolitical tensions and macroeconomic pressures, market analysts believe that Bitcoin's consolidation in the $65,000 to $75,000 range may end with a downward breakout, deepening the downtrend that began from last year's peak.

According to monitoring by Hyperinsight, a whale starting with 0x687 has opened a 40x leveraged long position in BTC, with a position size reaching 10 million USD, an average entry price of 68,563 USD, a liquidation price of 62,817 USD, and a current floating profit of 4,000 USD (1.4%).This address has made its ninth attempt to chase the rise in BTC recently, having previously closed a BTC long position 10 hours ago, recording a loss of about 290,000 USD. In addition, this address is still building a long position in ETH, with a size of 1.69 million USD and an average price of 2,067 USD. As of the time of writing, both positions are still being increased.

According to Dailymail, the UK Labour Party has stated that it will implement a "temporary ban" on political groups accepting cryptocurrency donations until a relevant regulatory framework is established to address the risks of foreign interference in elections.This move is seen as potentially directly affecting the funding sources of the Reform Party. Previously, the party led by Nigel Farage had received significant donations from individuals in the cryptocurrency industry. The UK government stated that this measure aims to enhance the transparency of political funding and public trust, while the relevant ban will apply retroactively to cryptocurrency donations made from today onward.

According to monitoring by Hyperinsight, the South Korean stock index fell sharply by 6.7% today, triggering a circuit breaker at one point. As a result, EWY (iShares Korea ETF mapping contract) deployed on the Hyperliquid platform by Trade.xyz also plummeted significantly, currently reported at $122.5, with a 24-hour decline of 4.2%.The largest on-chain EWY long position (0x629) was hit hard, with a temporary drawdown of -83%, holding a position size of $5.5 million, an average price of $128.9, and a liquidation price of $117.7, with a liquidation of 4.1%.

Trump said at a press conference on Monday that the United States will temporarily lift some oil-related sanctions to ensure adequate oil supply and lower oil prices. Trump also stated that the increase in oil prices has not reached the level of severity he was concerned about.Trump said, "We have imposed sanctions on some countries. We will lift these sanctions before navigation in the Strait of Hormuz is restored." However, he did not provide specific details. Last week, the United States issued a 30-day temporary waiver allowing the sale of Russian oil currently stranded at sea to India, in an effort to ease pressure on the global oil market.

According to Alex Thorn, head of research at Galaxy Research, the U.S. Treasury submitted a report to Congress under the GENIUS Act, recommending that DeFi should explicitly bear anti-money laundering and counter-terrorism financing (AML/CFT) obligations, and consider establishing a "hold law" safe harbor mechanism for digital assets, allowing institutions to temporarily freeze assets during investigations of suspicious transactions without a court order.The report also revealed that the scale of crypto crime continues to grow, with losses from crypto scams recorded by the FBI reaching $9 billion in 2024.

glassnode's weekly market report indicates that the price of Bitcoin rebounded from $60,000 to $69,000. However, while spot trading volume has increased, it remains at a low level, showing that selling pressure has eased but buyer participation is cautious. This reflects a market that is frequently changing hands after a downward revaluation, rather than decisively accumulating.Over-the-counter indicators show that futures and options positions are defensively strong, with ETF trading volume surging to a high of $45.5 billion, yet accompanied by a slowdown in capital outflows, resulting in overall low risk appetite. On-chain fundamental activity has strengthened, but capital inflows are negative and unrealized losses dominate supply. Overall, the market's sustained recovery may depend on the restoration of spot demand, which would stabilize prices above recent lows.

According to Cointelegraph, the Bitcoin market sentiment index has fallen to an all-time low, with some contrarian investors believing that $60,000 may have become the bottom of this cycle.Data shows that the cryptocurrency fear and greed index dropped to a historical low of 7 over the weekend, indicating that the market is in a state of "extreme fear." Michaël van de Poppe, founder of MN Capital, pointed out that this indicator, along with the relative strength index, shows that the market is deeply oversold, a similar situation occurred during the 2018 bear market and the pandemic crash in March 2020, which may create conditions for a rebound.CoinGlass's liquidation heatmap shows that if the Bitcoin price rises by about $10,000, it could trigger the liquidation of over $5.45 billion in short positions, while a drop to $60,000 would only trigger $2.4 billion in liquidations. This imbalance may drive a short covering rally. However, structural risks in the market still exist.CryptoQuant data shows that Bitcoin is still far below its 50-day and 200-day moving averages, with a price Z-score of -1.6, indicating that it remains in a phase dominated by selling pressure. The net buying volume in the derivatives market has turned negative, and the Binance buy-sell ratio has also fallen below 1, showing strong selling pressure in the futures market.Analysts point out that stronger spot demand is needed to trigger a sustained rebound. From a longer-term perspective, historical data shows that Bitcoin bear market bottoms typically form below the 0.618 Fibonacci retracement level, which is currently around $57,000. If history repeats itself, the downside scenario could extend to $42,000.

Maple Finance announced that there is a security vulnerability in its web application. The issue has been fixed, but out of caution, we will temporarily shut down the web application to ensure the fix is thoroughly completed.The team stated that the smart contracts were not affected and user deposits are safe. The team will notify users once the web application is back online.

Bitget Launchpool project ZAMA is now open for investment. As of the time of writing, the yield of its BGB locked pool is 35.43% APR, and the yield of the ZAMA locked pool is 190.07% APR.

Step Finance issued a statement regarding a hacking incident on platform X, disclosing that approximately $40 million was stolen from its treasury due to the compromise of an executive's device. After detecting the security vulnerability, they collaborated with cybersecurity researchers and relevant authorities to initiate an investigation into the attack and notified law enforcement. During this period, some operational activities were temporarily halted, and approximately $3.7 million in Remora assets and $1 million in other positions have been recovered.As the largest liquidity provider for Remora Markets, LP activities will resume once the system is fully secure. Remora Markets is not related to this incident, and all rTokens are still backed 1:1 by custodial collateral. At this stage, it is advised that anyone refrain from using STEP tokens until the investigation is complete. A system snapshot will be taken prior to the exploitation to ensure the safety of STEP token holders, and any updates will be released immediately once there is progress.

After more than two hours of intense selling, spot gold, silver, platinum, and palladium have temporarily stabilized. Spot gold has risen above $4800 per ounce, and spot silver has regained the $80 per ounce mark. (Jin Shi)