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The founder of the Aave Chan Initiative (ACI), Marc Zeller, stated in a post that instead of initiating donations, it would be better to adopt the following plan:Establish a deposit vault named "DeFi United ETH"; transfer Aave's wETH income into this vault, with an annual yield cap set at 5%; tokenize and make the vault deposit certificates tradable, named "AaveETH"; gradually repay the gap through interest and principal.He suggested allowing users to deposit funds and setting the vault capacity to the worst-case gap size. Zeller indicated that if this plan had been adopted at the time, sufficient funds could have been raised as early as last Saturday. He believes that Aave itself has ample income, and both Aave DAO and Labs have several hundred million in reserves, which can ultimately resolve the issue and avoid market panic. He added that he would also deposit most of his ETH into this vault.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0015%. Among the current mainstream exchanges, the funding rate on Binance is -0.007%, OKX is -0.0032%, Bybit is -0.006%, and Gate is 0.0037%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0022%. Among the current mainstream exchanges, the rate on Binance is -0.008%, OKX is -0.0005%, Bybit is 0.0027%, and Gate is -0.0033%.

Morgan Stanley's investment management division, MSIM, announced the launch of a stablecoin reserve portfolio fund (MSNXX), which is a government money market fund designed specifically for stablecoin issuers. It aims to provide a regulated and secure storage place for reserves held by issuers that back their tokenized fiat currency versions.The fund only invests in the safest and most liquid instruments, such as U.S. Treasury bills (short-term loans to the U.S. government) and repurchase agreements (overnight loans secured by similar government securities), both of which aim for capital preservation. The fund's target net asset value is $1, meaning that the invested capital retains the same value upon redemption, avoiding price fluctuations; at the same time, the fund offers daily liquidity, allowing investors to redeem funds on any trading day without a waiting period or penalties.Currently, the market capitalization of stablecoins has reached $316 billion, with tokens pegged to the U.S. dollar, such as Tether and USDC, holding the majority share. Morgan Stanley's launch of the fund coincides with the advancement of the GENIUS Act in Congress. If passed, this act would legally require stablecoin issuers to back their tokens with high-quality liquid assets such as Treasury bills and cash-like instruments, and they must be held through regulated instruments. Thus, the fund is positioned to take on reserve management business ahead of regulatory mandates.Additionally, Morgan Stanley Investment Management recently launched the Morgan Stanley Bitcoin Trust (MSBT), which is a cryptocurrency ETP that tracks Bitcoin, with custodial and fund management services provided by BNY Mellon. It has also collaborated with BNY Mellon to launch tokenized DAP class shares of an institutional liquidity fund Treasury securities portfolio, achieving blockchain-based mirror records while the official ledger remains retained by BNY Mellon.

According to crypto analyst Yu Jin @EmberCN's monitoring, after Aave coordinated the establishment of "DeFi United" and obtained approximately 30,000 ETH in loans and 13,500 ETH in donations, there are signs of a slowdown in capital outflows from the platform.Data shows that Aave's current total deposit size is approximately $28.6 billion, a decrease of about $17.2 billion compared to before the rsETH event, a decline of about 37%.

The ether.fi community has released a proposal to "Utilize treasury funds to restore the collateral assets of rsETH." The proposal includes injecting 5,000 ETH into the rsETH special rescue pool to cover the collateral gap, protect user assets, and prevent bad debts from spreading in the DeFi system.

According to information from the Governance Forum, Bybit's public chain Mantle plans to provide a loan of 30,000 ETH to Aave to address the bad debt risk caused by recent security incidents.According to crypto analyst Yu Jin @EmberCN, the currently confirmed rescue fund size approximately covers a gap of 43,500 ETH.

According to foreign media citing informed sources, Cognition AI is in the early negotiation stage of a new round of financing. The company is leveraging the growing demand for software development generative artificial intelligence technology, and this round of financing will more than double its valuation to reach $25 billion.One informed source stated that the goal of this AI programming startup is to raise hundreds of millions of dollars or more. Negotiations are ongoing, and the terms may change.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0062%. Among the current mainstream exchanges, the rate on Binance is -0.0036%, OKX is -0.0034%, Bybit is -0.0021%, and Gate is -0.0017%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0074%. Among the current mainstream exchanges, the rate on Binance is -0.0038%, OKX is -0.0048%, Bybit is -0.0034%, and Gate is -0.0081%.

The head of the ETF business at BNY Mellon stated that Bitcoin ETF fund flows have turned into net inflows this year, returning to positive territory overall. Bloomberg data shows that fund flows for all periods of spot Bitcoin ETFs have turned positive for the first time in months.Although there were outflows previously due to low coin prices and macro uncertainties, the scale was relatively limited. As of now, 12 spot Bitcoin ETFs have seen a net inflow of approximately $335 million in a single day, with a monthly cumulative inflow exceeding $2.1 billion, and a year-to-date net inflow of about $1.8 billion. Among them, BlackRock's IBIT is the largest contributor, with an inflow of about $246 million in the past day and a monthly inflow reaching $1.9 billion; meanwhile, Grayscale's GBTC still recorded some outflows.

Lido has proposed to allocate up to 2,500 stETH (approximately $5.8 million) from the DAO to cover the asset gap of rsETH caused by the recent attack on Kelp DAO.Lido pointed out that the exploit based on LayerZero has led to insufficient rsETH reserves and triggered a chain reaction in the DeFi ecosystem, including rising interest rate pressures, a tightening lending market, and some leveraged strategies facing the risk of forced liquidation. The proposal emphasizes that these funds will only be used as part of a complete recovery plan, provided that the overall gap can be fully filled. Previously, the attack on Kelp DAO, amounting to approximately $292 million, had impacted Aave, causing bad debt issues, and its total locked value (TVL) once dropped by nearly $8 billion.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.002%. Among the current mainstream exchanges, the funding rate for Binance is -0.0061%, OKX is -0.0072%, Bybit is -0.0051%, and Gate is 0.0049%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0018%. Among the current mainstream exchanges, the rate on Binance is -0.0067%, OKX is -0.0028%, Bybit is 0%, and Gate is 0.0002%.

ILITY successfully raised $2 million at a valuation of $21 million, co-led by Animoca Brands and Duck DAO, marking an important milestone in its mission to redefine cross-chain identity and data sovereignty in the Web3 space. The project is building a high-performance Layer-1 blockchain based on zero-knowledge proofs (ZKP) to achieve secure cross-chain data verification while ensuring that sensitive information is not leaked.The newly acquired funds will accelerate protocol development, expand ecosystem partnerships, and strengthen ILITY's position as a core infrastructure layer for a decentralized future.

According to CoinDesk, data disclosed by the market-making company Caladan shows that about 93% of GameFi projects are now nearly dead, with token values down 95% from their peak in 2022, and game studio funding plummeting by 93% by 2025. Investment in Web3 games has almost completely dried up, with funds shifting towards AI, real-world assets, and Layer-2 infrastructure, leading to a collapse in the gaming industry. Even Animoca Brands, the most active investor in the Web3 space, has reduced its gaming business to about 25% of its portfolio and has begun to shift towards areas like stablecoins.Additionally, in 2022, 63% of Web3 venture capital funding went to the gaming sector, but by 2025, this proportion has dropped to single digits, with over 300 games announcing shutdowns, turning Web3 gaming into a cautionary tale about chasing speculation while neglecting product-market fit.

According to MLM monitoring, Tether has just frozen two wallets on the Tron chain, involving funds of up to 344 million USDT.

Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that Bitcoin ETF fund flows have turned positive across the board, stating "all rolling periods we track are positive," marking the first time in several months. Among them, BlackRock's IBIT has seen cumulative inflows of about $3 billion, placing it in the top 1% of all ETF fund flow performances. However, Eric Balchunas pointed out that there are still several billion dollars needed to return to the historical cumulative fund flow high of $62.8 billion, but at least it indicates that the sentiment around Bitcoin ETF funds has clearly improved and market demand is recovering.

Former Jump Trading senior quantitative researcher Yiming Zhang has received startup funding support from hedge fund giant Millennium Management after leaving the firm and will conduct business as an external manager in the future.Yiming Zhang worked at Jump for 17 years and was one of the key members of the core strategy department. Due to non-compete clauses, his new role is expected to officially start after the restriction period ends. Industry insiders point out that Millennium Management has been expanding its footprint in recent years by providing funding support to external teams, becoming one of the important "incubators" in the hedge fund sector.

The 8th phase project PINK ended its subscription on April 23 at 16:00 and will complete the TGE on April 23 at 20:00. This phase had over 53,000 participants, with a total subscription amount of 107,833,423 USDT. After the asset settlement for this phase of PINK, there will be no lock-up period; the funds will be available as spot, and users can choose to sell or withdraw immediately.This phase continues the multi-currency participation mechanism, allowing users to subscribe using JU / USDT / BTC / ETH, and the platform will uniformly convert and allocate based on U. A dynamic lottery rate model is introduced in this round; for every increase of 5,000,000 USDT in the raised amount, the lottery rate increases by 0.2%. Successfully inviting friends to participate can share a token reward of up to 20% of the final issuance amount.