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According to Cointelegraph, since the $280 million attack on Drift Protocol on April 1, at least 12 DeFi protocols and cryptocurrency companies have been attacked in just over two weeks.Since early April, attacks on crypto protocols or companies include CoW Swap, Hyperbridge, Bybit, Dango, Silo Finance, BSC TMM, Aethir, MONA, Zerion, and the recent Rhea Finance and Grinex exchanges.Among them, the DeFi protocol Rhea Finance reported that the attackers "exploited a vulnerability in Rhea's margin trading feature to execute a coordinated liquidity pool manipulation attack," affecting the Rhea Lend smart contract. According to blockchain security company CertiK, the stolen funds amount to approximately $7.6 million.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0004%. Among the current mainstream exchanges, the rate on Binance is 0.0007%, OKX is 0.0044%, Bybit is -0.0041%, and Gate is 0.0029%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is -0.0009%. Among the current mainstream exchanges, the rate on Binance is 0.0027%, OKX is -0.0004%, Bybit is -0.0017%, and Gate is -0.0024%.

According to official data, the $JST phased buyback and burn plan has cumulatively destroyed 1.35 billion tokens, accounting for 13.70% of the total supply, with a corresponding destruction value of approximately 60.03 million USD. This large-scale deflation has undergone three complete quarters and is a systematic project driven by real protocol revenue and executed transparently on-chain. With the successful conclusion of the third phase, which involved a single destruction of 271 million tokens, an automated closed loop supported by revenue for buybacks and triggered by buybacks for destruction continues to operate, injecting a certain internal deflationary force into the $JST economic model.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0005%. Among the current mainstream exchanges, the rate on Binance is 0.0008%, OKX is -0.0002%, Bybit is 0.0051%, and Gate is -0.0014%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is -0.0015%. Among the current mainstream exchanges, the rate on Binance is 0.0033%, OKX is 0.0009%, Bybit is 0.0019%, and Gate is -0.0028%.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0017%. Among the current mainstream exchanges, the funding rate for Binance is -0.0037%, OKX is -0.0042%, Bybit is -0.0066%, and Gate is 0.002%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0023%. Among the current mainstream exchanges, the rate on Binance is -0.0022%, OKX is -0.0013%, Bybit is -0.0081%, and Gate is -0.003%.

According to Fortune magazine, in the context of a downturn in the crypto market in 2025 and the distribution of profits to investors, the portfolio values of crypto venture capital firms such as Paradigm and a16z crypto have significantly shrunk.According to filings with the U.S. Securities and Exchange Commission (SEC), the total assets under management (AUM) of four crypto funds under a16z crypto dropped nearly 40% from 2024 to 2025, falling to $9.5 billion. Part of the reason is that the firm began returning capital to investors from earlier funds, and the timing of the returns coincided with the market peak in 2025, with a net DPI (distributions to paid-in capital) of 5.4 for its first crypto fund.Multicoin Capital's AUM has more than halved, dropping to about $2.7 billion. Paradigm's holdings also slightly decreased by about 6%. Meanwhile, the total size of a16z crypto's parent company, Andreessen Horowitz, has exceeded $100 billion.The report points out that the shrinkage in assets under management reflects the decline in portfolio value due to the market downturn, and is also a sign of normal exits by VCs and the return of funds to limited partners (LPs). Some firms, such as Haun Ventures, have seen their AUM grow by over 30%, reaching around $2.5 billion.Currently, Paradigm is seeking to raise a new fund of $1.5 billion, and a16z crypto is also raising up to $2 billion for its fifth fund.

CoinDesk analyst James Van Straten stated that the Bitcoin funding rate has fallen to its lowest level since 2023, and historical patterns show that such signals often coincide with market bottoms. According to Glassnode data, the seven-day moving average of the funding rate has dropped to about -0.005%.The funding rate is the fee that long and short positions pay each other periodically in perpetual contracts to keep the contract price aligned with the spot market. When the rate is positive, longs pay shorts, reflecting bullish market sentiment; when the rate is negative, shorts pay longs, indicating a bearish market. Despite the funding rate being persistently negative from March to April this year, Bitcoin still oscillated upward from the $60,000 to $65,000 range to about $75,000. Historically, a deeply negative funding rate often coincides with Bitcoin's phase bottoms: during the market crash triggered by the COVID-19 pandemic in March 2020, Bitcoin fell to about $3,000; it dropped to $30,000 during China's mining ban announcement in 2021; it hit a low of about $15,000 during the FTX collapse in November 2022; and it briefly fell below $20,000 during the Silicon Valley Bank crisis in 2023. During the yen arbitrage trade closure in August 2024 and the "Liberation Day" sell-off in April 2025, negative funding rates also appeared alongside phase lows. The continued negative funding rate indicates that even if the price trend is positive, short positions remain at a high level. This divergence may suggest that the market is climbing within a "wall of worry," and a large number of short positions could become fuel for further price increases.

Yili Hua posted on platform X, acknowledging that he is very ordinary yet important. Whether in the classical industry or entering the cryptocurrency space, we have always focused on primary investment Liquid Capital & investment bank Liquid Digital and secondary trading Trend Research (crypto) & Trend Investment (classical). Although operating projects and exchanges are very profitable, our energy and capabilities are indeed limited, leaving us only to envy and be jealous.In 2018, we incubated a market maker, but because the team kept the profits for themselves and left the losses to us, we were left battered and bruised. After exiting in 2019, we have not deeply participated in market making again; at most, we have seen some good trading teams and made some investments. Conspiracy theories are always the most popular, but I am not a hexagonal warrior; where would I have the ability and energy to manage projects? The exchanges are very clear about this.

JPMorgan analysts have stated that negotiations for the U.S. "Cryptocurrency Market Structure Act" (i.e., the CLARITY Act) have entered the final stages, with both sides reaching compromises on a few remaining contentious points. The number of disputes has been reduced from over a dozen to 2-3 core issues, with discussions on stablecoin rewards being "in a good place." While banks express concerns about stablecoins offering similar yields to deposits, there is an overall bipartisan compromise trend. JPMorgan believes that "there is no perfect bill," and once passed, the bill will provide important regulatory clarity for the integration of digital assets into the U.S. financial system.The "Cryptocurrency Market Structure Act" is currently in advanced negotiations in the U.S. Senate, with Senate staff stating that the draft is "very close" to resolution, but the final text has not yet been released, nor has a formal vote been scheduled. The remaining major disagreements focus on stablecoin rewards, DeFi regulation, and token classification issues. Although optimism is rising, there is still a risk of delays due to the 2026 midterm elections, which could lead to a more uncertain political environment. If the bill is ultimately passed, it will delineate the regulatory authority between the SEC and CFTC, providing a long-term regulatory framework for stablecoins, DeFi, and the entire cryptocurrency industry.

According to Tech in Asia, South Korean internet giant Naver plans to promote the IPO of its fintech subsidiary Naver Financial within five years after completing a share swap with Dunamu, the operator of the cryptocurrency exchange Upbit in which it holds shares. The transaction has been delayed due to an extended antitrust review period, and the specific timetable and structure will depend on market conditions and the regulatory environment. The proposed "Digital Asset Basic Law" in South Korea may change the transaction structure or timetable.On the same day the share swap contract was signed, both parties entered into a shareholder agreement, requiring the establishment of an IPO committee for Naver Financial within one year after the share swap is completed. If the IPO is not achieved within five years, the timeframe can be extended by another two years. Regulators are also discussing a proposal to limit the shareholding ratio of the major shareholders of the exchange to within 20%, which may lead to adjustments in the transaction terms.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0038%. Among the current mainstream exchanges, the rate on Binance is -0.0052%, OKX is -0.0032%, Bybit is -0.0005%, and Gate is -0.0108%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.005%. Among the current mainstream exchanges, the rate on Binance is -0.0028%, OKX is -0.0032%, Bybit is -0.0035%, and Gate is -0.0111%.

According to Arkham monitoring, the BlackRock Bitcoin ETF has held Bitcoin worth $59.31 billion, with an average holding price of $89,000. Following the recent rebound of Bitcoin, the holdings of the BlackRock Bitcoin ETF bottomed out on February 25 and have since rebounded by over $11 billion.

Aave Labs announced the launch of the AI-driven governance security system Aave Checkpoint, which adds a structured multi-layer review process for each proposal and load before execution.It is reported that the workflow of Checkpoint is divided into two phases: the automatic AI analysis phase, where the system automatically retrieves on-chain data, proposal source code, and IPFS text when a new proposal is submitted, cross-references the parameters with governance specifications, uses Seatbelt to simulate output and check the proposal execution path, runs over 60 specialized security analysis agents for vulnerability detection, DeFi-specific risk analysis, agent upgrade security checks, etc., and generates a structured audit report with pass/fail conclusions; and the mandatory manual review phase, where each AI-generated report must be independently signed off by at least two people before it can be considered reviewed. Checkpoint covers Aave V3, V4, GHO, and Aptos-v3 protocols, including 5 custom Aave governance skills and 52 external security skills.

According to Cointelegraph, the publicly listed AI cloud infrastructure company CoreWeave announced a $6 billion agreement with quantitative trading firm Jane Street to provide AI cloud computing services through multiple data centers to support its trading and research operations.According to the announcement, Jane Street also purchased $1 billion worth of CoreWeave Class A common stock at a price of $109 per share. CoreWeave transitioned from a cryptocurrency mining business to an AI cloud computing infrastructure company back in 2019 and has since taken a leading position in the "new cloud computing" sector.