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Delphi Digital pointed out in its latest post that WETH, USDT, and USDC are the three largest lending markets on Aave's Ethereum market, accounting for 89% of the total borrowing volume. The supply rates for these three markets are about 25%-35% lower than the borrowing rates, resulting in an annual loss of approximately $52 million, nearly half of Aave's annualized revenue for the first quarter. Even if the reserve factor is completely eliminated, there would still be a loss of about $36 million.Delphi believes that Aave's peer-to-pool model has significant structural flaws. The KelpDAO bridge attack on April 18 further exposed this issue. The attacker leveraged $292 million in rsETH on Aave, leading to nearly $200 million in bad debt for Aave, and the main markets like WETH experienced 100% utilization, freezing for up to 5 days.

According to The Defiant, cryptocurrency financial services company Galaxy has obtained a BitLicense issued by the New York State Department of Financial Services (NYDFS).It is reported that the BitLicense is one of the strictest licenses for cryptocurrency regulation at the state level in the United States, with very high requirements for applicants in terms of compliance, capital, and operations. After obtaining this license, Galaxy can legally provide cryptocurrency-related services in New York State, including trading, custody, and other businesses.

Token Terminal data shows that there are currently 23 tokenized funds of U.S. Treasury bills (T-Bill) with a market capitalization of over 100 million dollars, with a total tokenized asset scale reaching 13.7 billion dollars.Among them, the USYC issued by Circle is currently the largest T-Bill fund, with a market capitalization of 2.9 billion dollars on the BNB Chain. Following closely are iBENJI (Franklin Templeton), BUILD (BlackRock), and JTRSY (Invesco) on Ethereum, with market capitalizations of 1.4 billion dollars, 1.2 billion dollars, and 1.1 billion dollars, respectively.

According to on-chain analyst Yu Jin's monitoring, the amount of SOL transferred from Pump.fun to Kraken has increased to 174,400 coins, worth approximately 14.76 million USD.

According to Gate market data, the Nasdaq 100 Index continues to decline, with a drop of 0.8%, reaching an intraday low.

According to Jinshi News, the technology company Hangzhou Yunshen Technology Co., Ltd., which focuses on embodied intelligent robots and their supporting products and solutions, has released a prospectus. It shows that the revenue from the embodied intelligent robot project for the year 2025 is expected to reach 322.3773 million yuan; the revenue from product components is expected to reach 11.9501 million yuan; and the revenue from supporting services is expected to reach 2.573 million yuan.According to the resolutions from the company's first extraordinary general meeting of shareholders in 2026 and the ninth meeting of the first board of directors, this issuance aims to raise 2,502.511 million yuan. After deducting issuance costs, the funds will be invested in the research and development projects for embodied algorithms and models, the research and development projects for robot bodies and solutions, the industrialization projects for embodied intelligent robots, and the construction projects for embodied intelligent robot bases.

According to Coinglass data, if ETH breaks through $2,232, the cumulative short liquidation intensity on mainstream CEX will reach $955 million. Conversely, if ETH falls below $2,023, the cumulative long liquidation intensity on mainstream CEX will reach $839 million.

According to Coinglass data, if BTC breaks through $80,634, the cumulative short liquidation intensity on mainstream CEX will reach $1.771 billion. Conversely, if BTC falls below $73,578, the cumulative long liquidation intensity on mainstream CEX will reach $1.635 billion.

According to Onchain Lens monitoring, Pump.fun deposited 82,700 SOL into Kraken, worth 7 million dollars.

On-chain detective ZachXBT has announced a reward of up to $10,000 for insider information related to the Hong Kong market maker "Heisenberg Guru (HSBG)."ZachXBT stated that HSBG is suspected of being involved in multiple market manipulation incidents on centralized exchanges (CEX), including $RIVER. It pointed out that Sion and Chao are core members of HSBG and mentioned that materials such as chat records, contracts, and internal communications may all be eligible for rewards. Clues can be submitted by contacting ZachXBT via private message on X.

According to Gate market data, the Nasdaq 100 Index has turned down, indicating a weakening market sentiment.

According to Gate market data, the S&P 500 index and the Dow quickly turned negative at the beginning of the session, indicating a shift in market sentiment.

According to Gate market data, the Dow Jones Index opened up 34.53 points on May 18 (Monday), an increase of 0.07%, reporting at 49,560.7 points; the S&P 500 Index opened up 8.36 points, an increase of 0.11%, reporting at 7,416.86 points; the Nasdaq Composite Index opened up 42.07 points, an increase of 0.16%, reporting at 26,267.22 points.

According to CoinDesk, Citibank stated in its latest report that the progress of quantum computing technology is faster than the market expected, accelerating the potential security risks faced by cryptocurrencies and internet infrastructure, with Bitcoin being considered one of the assets with the "greatest risk exposure." The report points out that the ECDSA elliptic curve cryptography system currently used by Bitcoin could theoretically be cracked by sufficiently powerful quantum computers. In the future, attackers may be able to derive private keys from publicly disclosed public keys, allowing them to forge transactions and steal assets.Citibank analyst Alex Saunders stated that due to its relatively conservative governance mechanism and slow protocol upgrade speed, Bitcoin is more difficult to quickly complete quantum-resistant upgrades compared to PoS networks like Ethereum. The report estimates that there are currently about 6.5 million to 6.9 million BTC at potential quantum risk due to exposed public keys, accounting for about one-third of the current circulating supply, valued at approximately $450 billion at current prices. This includes some early P2PK addresses and wallets believed to belong to Satoshi Nakamoto.Citibank also warns of the "Harvest Now, Decrypt Later" risk, where attackers currently collect encrypted data and wait until future quantum computing power matures to decrypt it all at once.However, Citibank remains optimistic about the long-term adaptability of the cryptocurrency industry, believing that blockchain can still migrate through post-quantum cryptography and protocol reconstruction in the future. The report mentions that the BIP-360 and BIP-361 upgrade proposals currently being discussed by the Bitcoin community are worth paying attention to.

According to on-chain analyst Yu Jin's monitoring, during last week's decline of BTC -4.3% and ETH -7.7%, the largest treasury companies for Bitcoin and Ethereum both purchased BTC and ETH. The specific purchases last week were:Bitcoin treasury company Strategy (MSTR) purchased 24,869 BTC (approximately $2.014 billion) at a price of about $80,985 last week. They now hold a total of 843,738 BTC ($6.5221 billion), with an average cost of $75,700, resulting in an unrealized profit of $1.35 billion (+2.1%).Ethereum treasury company BitMine (BMNR) purchased 71,672 ETH (approximately $161 million) at a price of about $2,251 last week. They now hold a total of 5,278,462 ETH ($1.1312 billion), with an average cost of $3,522, resulting in an unrealized loss of $7.279 billion (-39.1%).

Vitalik Buterin published an article discussing the application prospects of Formal Verification in the field of blockchain security.The article points out that a new paradigm is emerging in Ethereum's cutting-edge research and development, where code is directly written using EVM bytecode, assembly, or Lean, and its correctness is verified using automatically checkable mathematical proofs in Lean. Researcher Yoichi Hirai refers to this paradigm as "the ultimate form of software development."Vitalik believes that AI-assisted formal verification is expected to enhance both code efficiency and security, particularly suitable for security core modules such as STARK, ZK-EVM, quantum-resistant signatures, and consensus algorithms.The article also emphasizes that formal verification is not a panacea and may still fail due to issues such as incomplete proof coverage, specification errors, and hardware side channels; in the future, software may differentiate into "security cores" and "non-security edges," with Ethereum becoming one of the important security cores.

According to Jinshi News, European stocks have turned to gains, with the UK's FTSE 100 index and Germany's DAX30 index both rising by more than 1%, while the Euro Stoxx 50 index and Spain's IBEX35 index have increased by 0.8%.

According to Gate market data, Nasdaq 100 index futures have turned positive, indicating signs of a recovery in market sentiment.