solv

a16z Crypto published an article analyzing the unique value and challenges faced by prediction markets. Prediction markets allow participants to trade on the outcomes of events, aggregating dispersed information through price signals to provide real-time estimates of the probabilities of future events. Unlike traditional polls, prediction markets have the ability to update in real-time and incentivize participants to bet their capital on their information, thereby improving prediction accuracy.The article points out that prediction markets are used not only by companies for product launches and research experiment forecasts but also by the media as a source of "crowd wisdom," covering a wide range of events from geopolitical issues to AI model performance. Its core advantage lies in providing independent probability estimates for specific events, rather than relying on indirect signals from overall asset price movements. However, prediction markets still face challenges related to infrastructure and market design, including event verification, contract settlement, participant information adequacy, and potential manipulation risks.a16z believes that if these issues are resolved, prediction markets are expected to become important tools for decision-making and information aggregation, expanding financial and societal insights into future events.

According to official news, the Resolv Foundation has released a complete recovery framework following the protocol security incident. Previously, on March 22, 2026, the protocol was attacked due to a security vulnerability, resulting in the illegal minting of USR tokens entering the market. The protocol subsequently suspended operations and entered recovery mode. Resolv stated that USR was designed as a "premium layer" stable asset backed by collateral, while RLP served as an "insurance layer" to absorb losses. According to the recovery plan, USR/wstUSR held before the attack will be exchanged for USDC at a 1:1 ratio, while USR purchased after the attack will be processed at a 1:0.5 USDC ratio; RLP holders will recover approximately 60%+, with part of the compensation distributed in the form of RESOLV tokens. The official compensation application window is open for three months.At the same time, Resolv announced the launch of a new business line called "Vault Street," managed by the Resolv Foundation, focusing on the distribution and structured yield products of tokenized real-world assets (RWA). The first product, primeUSD, has entered the private testing phase, open to professional institutional investors, allowing users to participate in leveraged U.S. Treasury yield strategies through stablecoins. Resolv stated that this product combines structured financing experience from traditional finance with on-chain DeFi infrastructure, aiming to build an institutional-level RWA yield distribution platform. In addition, the functionality of the RESOLV token remains unchanged, with staking and unstaking functions restored, and reward distribution resumed on May 26. Resolv emphasized that it will continue to promote the expansion of Vault Street products, upgrade security architecture, and build on-chain infrastructure for institutional-level assets, stating that "the phase from protocol launch to security incident has ended, and Vault Street will open a new chapter for Resolv."

According to Bloomberg, the Dutch government has blocked the proposed acquisition of Dutch cloud service provider Solvinity Group BV by the American company Kyndryl, citing security concerns. Dutch Minister of Digital Economy Willemijn Aerdts stated in a letter to Parliament on Tuesday, "The proposed acquisition of Solvinity may pose a risk to the public interest." She also announced a "complete ban" on the transaction, which was already close to completion.

Fluid released a recap of the Resolv incident, stating that on March 22, Resolv was compromised due to an attack on its signature infrastructure, resulting in the malicious issuance of approximately $80 million in unsecured USR. Fluid faced a risk exposure of about $100 million, leading to approximately $21 million in bad debt. The final plan is as follows: Resolv will bear about $9.7 million, the Fluid governance treasury will bear $8.2 million, the team will bear $1.5 million, and the remaining USR within the protocol has been destroyed by Resolv at the contract level.Fluid stated that its smart contracts were not breached, all user funds are safe, and the protocol maintains full solvency. In addition, Fluid has upgraded its oracle and pricing risk control systems and will suspend buybacks, significantly reduce, or eliminate FLUID incentives.

According to market news, Solv Protocol announced the migration of over $700 million of SolvBTC and xSolvBTC from the LayerZero cross-chain bridge to Chainlink's CCIP, and the deprecation of LayerZero support on networks such as Corn, Berachain, Rootstock, and TAC.Solv stated that this move is based on the latest security review and recent cross-chain attacks, positioning CCIP as the standard cross-chain infrastructure. This migration follows Kelp DAO's shift to Chainlink after its LayerZero-based bridge suffered an attack of approximately $292 million in rsETH.

In response to community users claiming that Binance Square "if you stay still for just 1 hour, your account will be banned," He Yi posted a response stating: "It is an issue with the live broadcast risk control strategy of the Square. Previously, we encountered some accounts that had no sound and no trading, running all day, so it automatically scans some live broadcasts that have no activity."He Yi added that they will resolve such issues.

According to the official announcement from Binance, starting from April 23, 2026, 08:00 (UTC), Binance will suspend deposits and withdrawals of Highstreet (HIGH) and Resolv (RESOLV) on BSC.

Solv Protocol announced a strategic integration with Utexo, launching a native Bitcoin yield solution based on the RGB protocol and the Lightning Network, enabling the conversion between native BTC and USDT through atomic swaps without the need for wrapping, cross-chain bridges, or custodians.This solution emphasizes self-custody, privacy protection, and final settlement, and aligns with Tether's previously announced plan to natively issue USDT on the RGB-compatible Lightning Network. Additionally, it was disclosed that Solv participated as a strategic angel investor in Utexo's $7.5 million seed round financing led by Tether.

Due to the migration of the top decentralized application Ether.fi to Optimism, the Ethereum Layer-2 network Scroll has experienced a significant loss of funds, resulting in a total value locked (TVL) decrease of approximately $160 million and an annual fee loss of about $13 million.Scroll stated that it will propose a plan to dissolve the decentralized security committee and reduce DAO members to lower operational costs, with network control being handed over to the internal team. Additionally, Scroll briefly raised network gas fees by 1,280 times after the protocol migration, causing users to pay over $50,000 in extra fees, but it has since returned to normal. After this adjustment, Scroll's TVL has dropped to approximately $23 million. The official statement claims that all contract changes will remain transparent and verifiable on-chain.

According to official news, Scroll announced an important proposal regarding protocol and governance operations. The team proposed to dissolve the Security Council and transfer protocol management authority to the Scroll Admin multi-signature address, with the transition expected to be completed within the next ten days.Scroll stated that the costs of the Security Council are no longer reasonable compared to actual usage over the past few quarters, and resources should be better allocated to product development and growth. Scroll will work with key stakeholders to find a new Security Council structure that is more suited to current market conditions.

Patrick Witte, the Executive Director of the White House Digital Assets Presidential Advisory Committee, stated on Monday that substantive progress is being made in Senate negotiations surrounding the Clarity Act, with a compromise reached on the issue of stablecoin yields expected to hold, and the focus of negotiations has shifted to other unresolved topics.The issue of stablecoin yields was previously the biggest obstacle to advancing the bill. Banking lobbyists successfully persuaded some senators that providing yields similar to bank interest to stablecoin holders would threaten the traditional banking deposit base, causing the bill to reach an impasse. Witte stated, "We hope that the compromise reached will be durable and stable. Resolving this issue is a prerequisite for advancing other pending matters." Last week, the White House economic advisors released a report downplaying the risk concerns raised by the banking industry; in response, the American Bankers Association rebutted on Monday, claiming the White House's arguments were flawed.In addition to stablecoin yields, the bill also faces several disagreements, including illegal financial protection mechanisms in the DeFi space and a demand from Democrats to prohibit senior government officials (specifically targeting President Trump) from profiting from the crypto industry. Witte did not disclose which topics have reached consensus but indicated that negotiations have "made considerable progress behind the scenes," stating, "We are very close to comprehensively resolving these issues." The Clarity Act still needs to go through the Senate Banking Committee's markup review process before being submitted for a full Senate vote. Witte expressed optimism about reaching a final agreement, noting that many issues that previously seemed stuck have gradually been resolved.

Liquid Capital (formerly LD Capital) founder Yi Lihua stated on Twitter that wherever there are people, there are grievances, and wherever there are grievances, there is a community. He has heard these community stories from the parties involved multiple times, but we can only be bystanders.Yi Lihua called for the parties involved (CZ, Xu Mingxing, Li Lin, Sun Yuchen, He Yi) to resolve this historical grievance and work together to build the industry and prices. He mentioned that gossip and grievances sound exciting, but wallets are more important to everyone.It is reported that CZ mentioned past interactions with Li Lin, Xu Mingxing, and others in his new book, and discussions about the related events are currently trending on platform X.

According to on-chain analyst Yu Jin's monitoring, about 1 hour ago, Resolv Labs destroyed 36.73 million USR held by the hacker through a contract upgrade.The hacker minted 80 million USR through a minting vulnerability without collateral, of which approximately 34 million USR were sold off by the hacker for 11,409 ETH (24.48 million USD) stored at the address 0x8ED...81C. Additionally, about 46 million USR were destroyed from the hacker's address by the Resolv project team through a contract upgrade. The actual loss from this vulnerability exploitation incident for Resolv is 34 million USD.

Resolv Labs co-founder Ivan released an update on the protocol security incident and subsequent recovery progress. It is reported that whitelisted USR users can redeem first, mainly because their wallets have been verified, and the Resolv team can manually process within 24 hours to control risks. Currently, 98% of related redemptions have been completed.For non-whitelisted USR holders before the vulnerability occurred, Resolv promises to redeem at a 1:1 ratio as well, but the relevant redemption technical plan is still being finalized.Regarding whether there are internal personnel involved, Ivan stated that no evidence of internal participation has been found so far. For USR holders, LPs, and RLP holders after the vulnerability occurred, the subsequent processing involves legal, technical, and ecological coordination among multiple parties, and there is no single solution at this time. A complete recovery plan does not yet have a clear timetable, and the follow-up will be completed as soon as possible while ensuring prudent progress.Previously, the Resolve attacker used 200,000 USDC to mint 80 million USR.

DeFi research and risk management company Gauntlet updated on the X platform regarding the progress of the Resolv vulnerability handling. Currently, the USDC Frontier (v1) on the Base network has been removed from all Resolv markets, with no bad debt risk.The v1 and v2 vaults have now reopened for deposits, and Morpho will remove the interface warning tomorrow. The mainnet USDC Frontier (v2) vault restart operation is underway. Based on the existing time lock arrangements, the submission limit for the v1 market adapter is 3 days, and the removal of the v1 Vault adapter is 5 days. Gauntlet stated that further details on the remaining vaults will be provided based on subsequent updates from Resolv.

DeFi research and risk management company Gauntlet posted an update on the X platform regarding the progress of the Resolv vulnerability handling. The USDC Frontier (v1) on the Base network has been removed from all Resolv markets, with no bad debt risk.The v1 and v2 vaults are now reopened for deposits, and Morpho will remove the interface warning tomorrow. The restart operation for the mainnet USDC Frontier (v2) vault is underway. Based on the existing time lock arrangements, the submission limit for the v1 market adapter is 3 days, and the removal of the v1 Vault adapter is 5 days. Gauntlet stated that further details about the remaining vaults will be provided based on subsequent fixes from Resolv.

According to Binance spot data, the market has experienced significant fluctuations. KAVA has dropped 13.91% in the last 24 hours, and RESOLV has decreased by 12.35%, both showing a "high and then falling back" state.At the same time, LDO and MET have reached new highs today, with increases of 5.13% and 9.89%, respectively. Other tokens such as SEI and IDEX have reached new lows for the week, with declines of 7.78% and 30.67%.Additionally, C, CFG, and IOTX have also shown a "high and then falling back" state, with declines of 7.44%, 7.02%, and 7.54%, respectively.

Resolv Labs posted on platform X, strongly advising users not to trade or purchase USR stablecoins. On-chain data shows that USR illegally minted by attackers has been mixed with normal USR from before the attack in multiple wallets and continues to circulate in the secondary market. The official pointed out that the illegally minted USR has no collateral support and does not have redemption rights, and any current transactions may involve contaminated assets, increasing the complexity of subsequent asset recovery and handling.Resolv Labs stated that they are still in the early stages of assessing compensation plans for affected users and cannot make any guarantees at this time, and ongoing trading activities may further limit potential compensation options. The team mentioned that they are closely collaborating with relevant protocol parties to develop solutions and will announce more details later.

According to official disclosure, of the approximately 80 million illegally issued USR in the attack incident, about 46 million (approximately 57%) have been removed from circulation through destruction and blacklisting, and currently, there are no further transferable or redeemable assets in the related addresses.Among them, approximately 9 million USR have been destroyed through two transactions, and another approximately 36 million assets stored in the attack-related addresses in the form of wstUSR have completed blacklisting through contract upgrades.