Oracles power DeFi by securing billions in onchain assets, with Chainlink leading with over $32B. RedStone, Chronicle, and Pyth follow as key challengers, each securing billions in onchain value.

Hata is a Malaysia-based dual-licensed crypto exchange, offering users a platform to buy, sell, and custody digital assets under licenses from the Securities Commission Malaysia and the Labuan Financial Services Authority.

The exchange had grown to more than 209,000 registered users and processed RM1.04 billion in transaction volume in 2025.

Of roughly 2,665 unique OApp contracts, about 47% use a 1-of-1 DVN setup like the one tied to KelpDAO, 45% run 2-of-2, and only around 5% use 3-of-3 or higher, highlighting how much of the ecosystem still operates with relatively minimal verifier redundancy.

Its authors note that raw DVN count alone does not fully define security posture, since operator independence, optional-DVN thresholds, route-level differences, and message value all also matter, but the data still offers one of the clearest public snapshots yet of how LayerZero app security is actually configured in production.

CHIP trading starts today at 14:00 UTC, backed by $36.8M in private funding. This board compares potential FDV scenarios using benchmarks from other stablecoin protocols like Usual, STBL, Falcon Finance, and Ethena.

Apple has named John Ternus as its next CEO, with the longtime hardware executive set to take over on September 1, while Tim Cook will move into the role of executive chairman.

Ternus currently serves as Apple’s senior vice president of Hardware Engineering and has been with the company since 2001, helping lead development across major product lines including the iPhone, iPad, Mac, Apple Watch, and AirPods. The leadership change comes at a key moment for Apple as the company faces growing pressure around artificial intelligence, product momentum, and its next phase of growth after Cook’s 15-year run as CEO.

This was not a standard freeze at the protocol or front-end level. In this case, the funds were stopped at the L2 infrastructure level, through an emergency intervention in Arbitrum’s bridge and message flow, a much rarer response than pausing a pool or market.

What happened step by step:

1. Part of the stolen funds ended up on Arbitrum.

A total of 30,766 ETH linked to the KelpDAO exploit was located on Arbitrum One. That equals roughly $71 million, or about 26% of the reported $292 million exploit.

2. This was not a typical app-level freeze.

Instead of freezing a specific DeFi protocol, the intervention happened at the network infrastructure layer, through Arbitrum’s bridge messaging system between Ethereum and Arbitrum.

3. The bridge Inbox logic was temporarily modified.

A special one-time override mechanism was added to the bridge path, making it possible to carry out a targeted technical action against the address holding the exploit-linked funds.

4. The ETH was moved into a frozen intermediary wallet.

The funds were not destroyed or removed from the chain. They were transferred into a separate frozen wallet, where they can no longer move freely through the normal flow.

5. The system was then returned to normal.

The change was one-time only: after the funds were secured, the bridge logic was restored to its standard state.

6. The ETH is now effectively locked.

Any future movement of the 30,766 ETH would require a separate governance decision, meaning this is not just a temporary pause but a controlled post-incident lock on the funds.

PROS will serve as the currency for transaction fees, staking, governance, ecosystem incentives, and potential RWA-specific utilities.

🔤 PROS Tokenomics Details

– Total Supply: 1,000,000,000 PROS

– Allocation: Community 6%, Investors 20%, Team 20%, Foundation Treasury 16%, Nodes & Liquidity 14%, Labs Treasury 9%

– Vesting: A 12-month cliff followed by a 36-month linear vesting structure applies to core team and private investor allocations. Treasury and incentives unlock over 48 to 60 months.

Additionally, Pharos Network has announced a public sale for PROS, hosted on Sonar by Echo.

ℹ️ Public Sale Details

– Registration: Now Live

– Sale Period: April 22-25, 12:00 UTC

– Target Raise: ~$1M

– Base Price: $1.00 per PROS

👉 x.com/pharos_network/status/2046218895795826809?s=20

Institutional demand is surging: U.S. spot Bitcoin ETFs recorded $996.5M in weekly inflows ($1.8B over three weeks), while Ethereum ETFs added $275.8M, both marking their strongest levels since mid-January.

Amid this momentum, Strategy acquired 34,164 BTC ($2.54B), reaching a 9.5% YTD yield and increasing total holdings to 815,061 BTC ($61.5B). Also, Bitmine bought 101,627 ETH ($234.7M) and now holds 4,976,485 ETH ($11.49B).

Aave’s core markets have reached 100% utilization, leaving roughly $5B in USDT and USDC locked, following the rsETH exploit that triggered a sharp liquidity outflow.

1️⃣ What’s happening now:

– Withdrawals are effectively blocked, all liquidity is borrowed

– Any new liquidity gets instantly absorbed by bots

– Users can see funds, but can’t exit positions

2️⃣ What caused the lock:

Large holders moved first, withdrawing $5B–$6B+ within hours and draining pools.

As a result:

– ETH, USDT, USDC markets are fully utilized

– Late users are left without accessible liquidity

– Aave is now dealing with ~$200M in bad debt

3️⃣ User Response:

With no withdrawals available, users are forced into workarounds:

– Borrowing against their own deposits

– Using GHO, DAI, USDe to exit

– Accepting 10–25% losses

– Driving $300M+ in forced borrowing

Meanwhile, bots continue to front-run every small liquidity window.

The impact of the KelpDAO exploit has spread beyond one protocol, with multiple DeFi platforms recording notable 7-day TVL declines. The data shows both where the largest capital losses occurred and where relative damage was most severe.