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According to a Bloomberg report citing Jefferies, a hacker attack on small crypto projects over the weekend, involving nearly $300 million, and the subsequent $10 billion fund run at the largest decentralized lending platform (the KelpDAO and Aave incident), may weaken Wall Street's interest in blockchain technology.Andrew Moss, an analyst at Jefferies' digital asset research team, pointed out that over the past year, banks, asset management companies, and payment institutions have been developing blockchain products similar to the technology system exploited by North Korean hackers. The report suggests that while such incidents are unlikely to directly impact traditional financial markets, it warns that traditional financial institutions may pause related processes and reassess risks before further advancing blockchain business.

According to Coinglass data, if ETH falls below $2,273, the cumulative long liquidation intensity on major CEXs will reach $1.512 billion. Conversely, if ETH breaks above $2,505, the cumulative short liquidation intensity on major CEXs will reach $674 million.

According to official social media news, Huobi HTX will hold a live broadcast today at 20:00 (UTC+8) on the theme "After BTC Breaks $78,000: Geopolitical Downgrade + Regulatory Breakthrough, Is a New Narrative Coming to the Crypto Market?" At that time, crypto KOLs such as Xiao Hai, 0x31ad.sun, Crypto.0824, and Mr. Mis will be invited to attend and discuss the marginal impact of easing geopolitical risks on the pricing of risk assets, as well as the reconstruction of the medium and long-term narrative of crypto assets against the backdrop of a gradually clarifying global regulatory environment.

Ethena officially announced that the LayerZero cross-chain bridge functionality for sUSDe and USDe has been relaunched on all chains. To enhance security, Ethena has upgraded the decentralized verification network (DVN) configuration on each chain from 2/2 to 4/4, while maintaining the existing rate limit of $10 million per hour. The official statement indicated that further updates will be provided as necessary.

Bloomberg cited a report from Jefferies LLC stating that a hacker attack over the weekend that siphoned nearly $300 million from a small crypto project, along with the resulting $10 billion fund run at the largest decentralized lending platform, may slow Wall Street's interest in blockchain technology.Andrew Moss, an analyst at Jefferies' digital asset research team, pointed out that banks, asset management companies, and payment institutions have been developing blockchain products similar to the technology systems exploited by North Korean hackers over the past year.While the report believes this incident is unlikely to impact traditional financial markets, it warns that traditional financial institutions may pause and reassess the associated risks before further advancing their blockchain initiatives.

Jefferies, a Wall Street investment bank, pointed out that the approximately $293 million attack incident on Kelp DAO exposed critical infrastructure risks, which may prompt traditional financial institutions to reassess the pace of blockchain and tokenization advancement.Jefferies believes that the attackers triggered market sell-offs and liquidity strains by minting uncollateralized tokens and engaging in cross-platform lending. This incident is thought to be related to the Lazarus Group and also highlights the single point of failure issues in the verification mechanisms of cross-chain bridges. As institutions accelerate the tokenization of assets (such as funds, bonds, and deposits), the associated risks may cause some banks and asset management institutions to delay deployment and prioritize examining system security. Especially in scenarios that rely on cross-chain infrastructure, security vulnerabilities could lead to market fragmentation, undermining the practical utility of tokenized assets.Despite short-term confidence being shaken, Jefferies still emphasizes that the long-term trend remains unchanged. Under the backdrop of regulatory advancements and continuous improvements in infrastructure, applications such as stablecoins still have growth potential. However, the industry as a whole is still in the early stages of development and requires time to enhance system robustness.

According to Coinglass data, if ETH breaks through $2,429, the cumulative short liquidation intensity on mainstream CEX will reach $1.18 billion. Conversely, if ETH falls below $2,209, the cumulative long liquidation intensity on mainstream CEX will reach $1.01 billion.

According to Coinglass data, if BTC breaks through $79,959, the cumulative short liquidation intensity on mainstream CEX will reach $1.573 billion. Conversely, if BTC falls below $72,483, the cumulative long liquidation intensity on mainstream CEX will reach $1.248 billion.

According to Coinglass data, if BTC breaks through $79,188, the cumulative short liquidation intensity on mainstream CEX will reach $1.678 billion. Conversely, if BTC falls below $72,133, the cumulative long liquidation intensity on mainstream CEX will reach $1.527 billion.

According to Coinglass data, if ETH breaks through $2,428, the cumulative short liquidation intensity on mainstream CEX will reach $1.078 billion. Conversely, if ETH falls below $2,198, the cumulative long liquidation intensity on mainstream CEX will reach $970 million.

According to Coinglass data, if BTC falls below $72,082, the cumulative long liquidation intensity on mainstream CEX will reach $1.897 billion. Conversely, if BTC breaks above $79,626, the cumulative short liquidation intensity on mainstream CEX will reach $1.521 billion.

According to Coinglass data, if BTC falls below $72,667, the cumulative long liquidation intensity on major CEXs will reach $1.803 billion. Conversely, if BTC breaks above $79,883, the cumulative short liquidation intensity on major CEXs will reach $1.399 billion.

ChainCatcher reported live that Li Baiwei, Partner at HashKey Tokenisation, John Cahill, Chief Operating Officer of Galaxy Digital Asia, Abdelhamid Bizid, Managing Director of BlackRock, and Min Lin, Managing Director and Head of Global Business Development at Ondo Finance, attended the HK Web3 Feastival roundtable to share insights on "From Wall Street to Blockchain: The Practical Logic and Future Landscape of Global RWA Issuance."The attendees generally agreed that the core value of RWA and asset tokenization is no longer just an innovative narrative at the conceptual level, but a realistic path for upgrading financial market infrastructure. John Cahill stated that blockchain is essentially a superior "underlying pipeline" for financial markets, and in the long run, the ultimate goal of financial markets will be "tokenization of everything"; what truly needs attention is not whether tokenization will happen, but whether market participants have already begun preparing for this endgame.Abdelhamid Bizid pointed out that from the perspective of traditional asset management institutions, the current tokenized products primarily serve clients who do not wish to move funds out of the on-chain ecosystem but want to achieve stable returns and compliant asset allocation tools. BlackRock has seen a clear demand for on-chain yield products and will continue to launch more new products. However, he also emphasized that the real bottleneck in the industry at this stage is not technology, but rather institutional adoption, demand validation, liquidity depth, regulatory clarity, and non-technical barriers such as costs and taxation.Min Lin, drawing from Ondo's practice, stated that the key to tokenized stocks is not just moving U.S. stocks onto the blockchain, but transforming stocks that are originally static in brokerage accounts into programmable financial instruments that can serve as collateral, margin, and lending assets in DeFi, further unlocking capital efficiency. He mentioned that the main demand currently observed by Ondo still comes from retail and crypto-native funds in regions like Asia, Southeast Asia, and Latin America, which find it difficult to directly access the U.S. stock market. This indicates that tokenized stocks at this stage are more like "global asset access tools" rather than mainstream trading venues for institutional funds.

SpaceX will hold a three-day closed-door analyst meeting in the United States this week to promote its business and strategy to Wall Street institutions in preparation for a potential IPO. According to insiders, the company aims to raise about $75 billion, with a valuation possibly reaching $1.75 trillion, with plans to go public as early as June.The meeting will cover SpaceX's Texas Starbase launch site and Tennessee data center project, and participating analysts will need to submit electronic devices to ensure information confidentiality. This roadshow is a key part of the IPO process, and there will be subsequent model presentations to further disclose financial and growth expectations. In addition, the company plans to reserve about 30% of shares for retail investors and expand into global markets. Several Wall Street investment banks have already participated in the underwriting arrangements.

According to Coinglass data, if BTC falls below $71,958, the cumulative long liquidation intensity on major CEXs will reach $1.979 billion. Conversely, if BTC breaks above $79,384, the cumulative short liquidation intensity on major CEXs will reach $1.274 billion.

ChainCatcher reported live that Franklin Bi, partner at Pantera Capital, Mykolas Majauskas, senior policy director at Bybit, and Zeng Yuchao, managing director at Futu Group, jointly attended the HK Web3 Feastival roundtable to share "From the Ground Up to the Entry Point: The Path of Crypto Assets to Mainstream Finance."Zeng Yuchao introduced that Futu is the largest retail brokerage in Hong Kong, with a market share of over 50%. In January this year, it obtained the VATP license, and last month removed all additional conditions to achieve full integration of securities brokerage and crypto trading. Last year, Futu collaborated with Huaxia Fund to issue a tokenized money market fund, allowing T+0 same-day subscriptions and redemptions. In terms of AI, Futu has launched the Agent skill feature, enabling users to set strategies through natural language and execute trades automatically. He believes that in the future, there will be a transformation from graphical interfaces to AI interfaces.Mykolas Majauskas pointed out that companies currently complaining about regulation will miss this honeymoon period in the future, as larger-scale regulation is on the way. He analyzed global regulatory differences: Europe leads with MiCA, the U.S. supports private issuance, China supports government digital currency, and Hong Kong serves as a tokenization gateway. He warned that many native crypto companies claim to disrupt traditional finance but are actually being acquired by traditional institutions. He believes the fundamental change in AI is at the front end: users only need to express their intentions, and AI autonomously decides to execute strategies. Bybit is building a one-stop financial platform that integrates IBAN, cards, payments, and investments. He believes many traditional wealth management companies will be eliminated because they have historically made you feel wealthy rather than truly helping you accumulate wealth.Franklin Bi stated that blockchain is the perfect technology for building financial systems for AI Agents. When Agents choose between traditional accounts and stablecoins, they are opting for stablecoins, marking the beginning of an exponential trend.

According to Gate market data, U.S. stocks closed lower on Monday, with the Dow Jones Industrial Average initially down 0.5%, the S&P 500 index down 0.35%, and the Nasdaq down 0.5%, failing to achieve a consecutive 14 trading days of gains. Intel (INTC.O) fell 4%, Arm (ARM.O) rose 5%, and Tesla (TSLA.O) dropped 2%. The Nasdaq Golden Dragon China Index closed down 0.3%, with Baidu (BIDU.O) rising over 1%.

According to Coinglass data, if BTC falls below $71,460, the cumulative long liquidation intensity on mainstream CEX will reach $1.441 billion. Conversely, if BTC breaks above $78,912, the cumulative short liquidation intensity on mainstream CEX will reach $1.274 billion.

According to Coinglass data, if BTC breaks through $78,946, the cumulative short liquidation intensity on mainstream CEX will reach $1.326 billion. Conversely, if BTC falls below $71,506, the cumulative long liquidation intensity on mainstream CEX will reach $1.157 billion.

According to Coinglass data, if ETH breaks through $2,397, the cumulative short liquidation intensity on mainstream CEX will reach $993 million. Conversely, if ETH falls below $2,171, the cumulative long liquidation intensity on mainstream CEX will reach $523 million.