WuBlockchain

Highlight Clip

US Admiral Backs Bitcoin: A Matter of National Interest

In April 2026, Admiral Samuel Paparo, Commander of the U.S. Indo-Pacific Command, stated during a Senate Armed Services Committee hearing on the fiscal year 2027 defense budget request that Bitcoin can be regarded as a computer science tool integrating cryptography, blockchain and proof-of-work mechanisms. 

He pointed out that Bitcoin boasts enormous potential in this regard, and the costs brought by its proof-of-work protocols exceed those of basic algorithmic network security and operational maintenance. Beyond economic attributes, Bitcoin holds significant practical value in cybersecurity, and delivers positive implications for strengthening the overall national power of the United States.

Litecoin Reorg Reverses Invalid MWEB Transactions After Zero-Day Exploit

Litecoin said a zero-day vulnerability in its MimbleWimble Extension Block (MWEB) allowed non-updated nodes to validate an invalid transaction, enabling attackers to peg out funds and trigger a DoS attack on mining pools. The network executed a 13-block reorganization to reverse the invalid transactions, while valid transactions remained unaffected. The vulnerability has since been fully patched and the network is operating normally.

Solana Foundation Chair Lily Liu Says USDT Loan to Aave Supports Recovery Effort

Solana Foundation Chair Lily Liu said the foundation is lending USDT to Aave as part of its recovery effort, supporting broader DeFi ecosystem stability, and plans to bring AAVE to the Solana network this weekend.

Aave and Partner Protocols Propose Arbitrum DAO to Release Frozen ETH

Aave, in collaboration with etherfi, Kelp DAO, LayerZero, Compound, and others, has submitted a governance proposal to the Arbitrum DAO requesting the release of ETH frozen by the Arbitrum Security Council following the April 18 rsETH incident. If approved, the funds will be directed to "DeFi United," a coordinated cross-protocol recovery initiative aimed at restoring rsETH backing and remediating losses for affected users. The proposal is currently open for review and feedback from the Arbitrum community.

1. Polymarket Says Infrastructure Lags Growth; Rebuilding CLOB & Pushing New Chain Migration link

Josh Stevens, the newly appointed Vice President of DeFi Engineering at Polymarket, stated in a post that the platform’s business growth has far outpaced its infrastructure capacity, and the team is advancing multiple major technical upgrades. Key initiatives include planning a chain migration for lower gas fees and faster block times, a complete overhaul of the central limit order book, upcoming perpetual contracts built on new smart contracts and Rust-based backends, fixes for cancelled transaction issues, and the development of brand-new smart contracts and a unified API. Stevens pledged to release weekly engineering progress updates starting next Friday to enhance transparency. Currently operating on Polygon, Polymarket has previously faced widespread user complaints over transaction delays and unexpected order cancellations.

2. Arbitrum Security Council Acts Urgently, Freezes Over 30,000 ETH Tied to KelpDAO Exploit link

The Arbitrum Security Council took urgent technical action to freeze 30,766 ETH linked to the KelpDAO hack on Arbitrum One. Authorities stated that the funds have been securely transferred to an escrow freeze wallet, cutting off the attacker’s access to the original addresses. The operation was executed without disrupting other chain activities or regular users, and relevant parties are coordinating follow-up disposal plans.

Haseeb, Partner at Dragonfly, shared a detailed breakdown of the technical measures. He explained that Arbitrum did not resort to blockchain reorganization or historical ledger revision, but instead utilized the privileged Type 101 transaction type reserved within ArbOS. This system-level transaction was injected by the Security Council, directly transferring 30,765 ETH to a recovery address via state-level rollback while completely bypassing the attacker’s private key signature. Haseeb added that since Arbitrum cannot interfere with the Ethereum mainnet, approximately 75,700 ETH held by the attacker on Ethereum remains uncontrolled, leaving Aave exposed to around 230 million US dollars in potential bad debt on the Ethereum network.

KelpDAO officially issued a statement thanking the Arbitrum Security Council for the emergency freeze. The project revealed that its team has maintained close collaboration with the Security Council and ecosystem stakeholders over the past two days, and specially acknowledged security group SEAL 911 for its critical role in incident coordination and information consolidation. KelpDAO emphasized that its core priority remains exploring all viable solutions to support rsETH holders and minimize the spillover impact on the broader DeFi ecosystem.

3. Base Unveils First Independent Network Upgrade “Azul”, Targets May 13 Mainnet Activation link

Base officially announced that Base Azul, its first standalone network upgrade, is scheduled to launch on the mainnet on May 13. This upgrade is designed to enhance Base’s security, performance and developer experience, with core improvements as follows. First, it will activate the Multiproofs mechanism, combining TEE and ZK proof systems to advance toward Stage 2 decentralization and shorten the withdrawal cycle to just one day. Second, it will integrate a performance-oriented client stack, adopting base-reth-node as the sole execution client and introducing Kona-based new consensus client base-consensus to accelerate the target throughput of 1 gigagas per second. Third, it will adopt Ethereum’s latest execution layer specification Osaka to optimize developer experience.

4. RWA L1 Pharos Releases PROS Token Economics link

RWA L1 Pharos has unveiled the tokenomics of PROS, with a total supply of 1 billion tokens. The token will be used for gas fee payment, PoS staking, governance and ecosystem incentives, and a burn mechanism is planned to create a deflationary model. In terms of allocation, team and private sale tokens are subject to a 12-month cliff followed by a 36-month linear vesting schedule. Regarding token issuance, the inflation rate will remain at 0% for the first six months after mainnet launch, with an annualized rate of approximately 5% starting from the seventh month, which will be dynamically adjustable thereafter.

5. MegaETH Hits First KPI; MEGA TGE Scheduled for April 30 link

MegaETH has achieved its first key performance indicator tied to token unlocks. A total of 10 applications have launched within its ecosystem with genuine user interactions. The MEGA token generation event is scheduled for April 30, 2026. The network has previously tied 53.3% of its total token supply to performance milestones instead of adopting traditional time-based linear vesting. MEGA has a total supply of 10 billion tokens, among which 5% is allocated for public auctions, 7.5% for ecosystem and foundation reserves, 9.5% for the team and advisors, 14.7% for institutional investors, and the remaining portion will be gradually released via staking rewards based on KPI completion.

6. Telegram Founder Pavel Durov: TON Fees to Drop 6x Within a Week link

Pavel Durov, founder of Telegram, posted on social media that TON transaction fees will be cut by sixfold within a week, dropping to 0.00039 TON per transaction, equivalent to roughly 0.0005 US dollars, with fixed charges unaffected by network load. He also stated that most transactions will soon adopt zero-fee policies in full scale.

7. Spark Reports Q1 Earnings; Protocol Revenue Hits $31.5M link

Spark has released its 2026 Q1 financial report, showing total protocol revenue of approximately $31.5 million, net revenue of around $6.91 million, net surplus of roughly $3.46 million, a protocol treasury size of about $46.1 million, and completed SPK buybacks of approximately $986,000. The report indicates that amid narrowing lending spreads and growing savings demand, Distribution has surpassed the Spark Liquidity Layer (SLL) for the first time to become the primary revenue source.

Due to the KelpDAO hack, nearly all major lending protocols experienced outflows, while the TVL of Spark’s SparkLend business surged from $1.9 billion before the rsETH incident to $3.2 billion, recording a $1.3 billion capital inflow. Spark absorbed funds withdrawn from Aave by some whales and institutions, including Justin Sun and a prominent whale who allocated $500 million to buy the dip in February.

8. Arkham Announces Decentralized Trading Feature link

Arkham has unveiled a decentralized trading feature that enables users to directly trade Solana ecosystem tokens on its platform, paired with on-chain data to filter trading opportunities. The function allows users to track specific addresses and trader performance (e.g., PnL) and make trading decisions based on the data.

9. MetaMask Co‑Founder Dan Finlay Steps Down from Consensys link

Dan Finlay, co-founder of MetaMask, announced his departure from parent company Consensys. He specifically mentioned that he was pleased to see MetaMask successfully launch the “Advanced Permissions” feature based on ERC-7715 before his departure, calling it an important missing piece in the wallet ecosystem, and expressed his expectation to use it from the perspective of an external developer in the future. According to MetaMask’s documentation, this feature supports human-readable permission confirmation through the MetaMask extension and is applicable to high-interaction dApps and some AI Agent scenarios.

10. CoW DAO Proposes Compensation Plan, Up to 100% Reimbursement for cow.fi Domain Hijack Users link

CoW DAO has put forward a governance proposal to establish a discretionary grant program aimed at compensating users affected by the cow.fi domain hijacking incident on April 14, 2026. The attack exploited social engineering on domain registrar Gandi and AWS Route 53, enabling attackers to seize control of the domain for approximately 4.5 hours. During this window, victims were lured into signing malicious transactions via a phishing site, resulting in losses of around 1.2 million USDC. The proposal suggests a one-time disbursement from the legal reserve fund, offering eligible users compensation of up to 100% of their verified losses at the time of the incident.

Follow us

Twitter: https://twitter.com/WuBlockchain

Telegram: https://t.me/wublockchainenglish

France Sees Surge in Crypto-Related Kidnappings, 88 Charged

According to Le Monde, France’s national anti-organized crime prosecutor stated that cases of crypto-related kidnappings are spiking. A total of 88 individuals have been charged across 12 cases, including over 10 minors, with 75 currently in pretrial detention.

Authorities have logged 135 incidents since 2023, including 18 in 2024, 67 in 2025, and 47 so far in 2026. These cases usually involve abduction or unlawful detention, with victims coerced into transferring crypto assets as ransom.

Telegram Founder Attributes 41 French Crypto Kidnappings to Tax Leaks

Telegram founder Pavel Durov noted that 41 kidnappings targeting crypto holders occurred in France in the first 3.5 months of 2026. He attributed the crimes to tax data leaks acquired by criminals and warned that expanding government data collection could further exacerbate these risks.

Highlight Clip

Bybit CEO Ben: DeFi's in Its Regulatory Honeymoon Period

During the fireside chat between Brian McGleenon, Global News Head of BeInCrypto, and Ben Zhou, Co-founder & CEO of Bybit, at Paris Blockchain Week 2026, Ben Zhou pointed out that the cross-border and decentralized nature of DeFi is inherently contradictory to centralized regulation. 

At present, the EU MiCA regulation and most regions worldwide have not yet issued a clear definition of DeFi, leaving room for regulatory arbitrage in the industry. He stated that DeFi is currently in a regulatory honeymoon period, and regulators will most likely regulate decentralized exchanges (DEXs) first. 

Meanwhile, centralized exchanges (CEXs) are now subject to bank-level compliance reviews, which is significantly different from the threshold-free and anonymous trading environment of DEXs. The full implementation of DeFi regulation will still take time.

Highlight Clip

CZ: Everyday People Still Have Huge Opportunities in Web3

During an April 15 Binance Square livestream, Binance founder CZ stated that despite the continuous influx of traditional institutions and big money, massive Web3 opportunities remain for retail investors.

He noted that while the crypto industry has matured over the past decade, regulatory constraints have kept many core financial activities off-chain, and crypto's share of global wealth remains extremely low. Additionally, the AI boom has drawn away hot money and noise, leaving behind true long-term builders in Web3.

Since future global collaboration of AI Agents will heavily rely on blockchain infrastructure, CZ emphasized that the core advantage for retail investors lies not in capital size, but in long-term learning and building to capture untapped sectors.

Polish Crypto Exchange CEO Flees to Israel as $100M+ Crisis Unfolds

According to Onet, Polish crypto exchange Zondacrypto CEO Przemysław Kral has fled to Israel and may be beyond extradition due to his Israeli citizenship. The exchange is reportedly on the verge of bankruptcy, with about 99% of its Bitcoin reserves missing. 

Kral claims around 4,500 BTC are inaccessible as the private keys are held by founder Sylwester Suszek, who has been missing since 2022 and is believed by prosecutors to have been killed. Withdrawals have been halted, management has stepped down, and Polish authorities have launched criminal and financial investigations. Total losses may exceed $100 million.

Brazil Bans Prediction Markets, Blocks Kalshi and Polymarket

Brazil has imposed a sweeping ban on prediction markets and related betting platforms, with Kalshi and Polymarket now inaccessible in the country. The central bank said such platforms do not comply with derivatives regulations and pose risks to investor protection and market integrity, while Finance Minister Dario Durigan stated that around 28 platforms are covered by the ban.

Aave DAO Proposes 25,000 ETH Contribution to rsETH Recovery Effort

Aave DAO has published an ARFC proposal to join the DeFi United recovery effort following the April 18, 2026 Kelp rsETH bridge incident. The remaining shortfall is about 75,081 ETH; the proposal seeks to allocate 25,000 ETH from the DAO treasury, alongside 14,570 ETH in committed contributions and a credit facility of up to 30,000 ETH from Mantle.

Spark Reports $31.5M Q1 Returns, Distribution Becomes Top Revenue Driver

Spark released its Q1 2026 financial report, reporting $31.5 million in gross protocol returns, $6.91 million in net returns, and $3.46 million in net surplus, with treasury assets reaching $46.1 million and $986,000 in SPK buybacks. During the quarter, distribution rewards surpassed the Spark Liquidity Layer (SLL) for the first time as the primary driver of net returns, reflecting compressed lending spreads and growing demand for savings-based products.

U.S. Freezes $344 Million in Cryptocurrency Linked to Iran

According to CNN, the United States has frozen approximately $344 million in cryptocurrency tied to Iran, with Tether assisting in freezing two wallet addresses. U.S. officials said the funds show on-chain links to Iranian entities, including transactions with Iranian exchanges and wallets associated with the Central Bank of Iran, as part of efforts to increase economic pressure on Tehran.

Researcher Breaks 15-Bit ECC Key on Quantum Hardware, Signals Potential Bitcoin Risk

Independent researcher Giancarlo Lelli broke a 15-bit ECC key using public quantum hardware, winning a 1 BTC bounty and marking the largest public quantum attack demonstration to date. Estimates suggest breaking 256-bit ECC may require about 500,000 qubits, with around 6.9 million bitcoins potentially exposed, highlighting the need for post-quantum upgrades.

Ethereum Foundation Sells 10,000 ETH to BitMine via OTC

The Ethereum Foundation announced it sold 10,000 ETH to BitMine via an OTC deal at an average price of $2,387. Proceeds will support core operations, including protocol development, ecosystem growth, and community grants, as part of its ongoing treasury management.

South Africa Proposes Strict Crypto Capital Controls Under New Regulations

South Africa’s National Treasury released draft regulations bringing crypto under capital controls. Crypto transactions above a threshold must go through authorized providers, cross-border transfers require approval, and foreign holdings must be declared. Authorities can block or forfeit crypto assets for violations, with penalties up to R1 million or five years in prison.

1. U.S. Government Operates Bitcoin Nodes for Cybersecurity Testing; Military Treats It as a Computer Science Tool link

United States Indo-Pacific Command Commander Samuel Paparo stated that the U.S. government is currently operating a Bitcoin node to test its applications in cybersecurity, without engaging in Bitcoin mining. The relevant work remains in the experimental stage, treating Bitcoin primarily as a cryptographic and blockchain tool for network monitoring and system security enhancement. He also mentioned that stablecoin legislation under the GENIUS Act helps uphold the status of the US dollar within the global system.

2. Crypto-Related Political Groups Reserve Nearly $180 Million for U.S. Midterm Elections link

Political groups associated with the cryptocurrency industry have accumulated nearly 180 million US dollars in funding reserves ahead of this year’s US midterm elections, exceeding the capital scale of some major Republican super political action committees. Reports show most of the funds were carried over from last year, and the vast majority are held by Fairshake. Its key donors include Coinbase, Ripple Labs and Andreessen Horowitz.

3. Over 100 Crypto Firms Urge U.S. Senate to Advance the Clarity Act for a Federal Market Regulatory Framework link

A coalition of over 100 crypto companies and industry organizations including Coinbase, Ripple, Circle and Kraken is pressuring the U.S. Senate Banking Committee to schedule a markup of the Clarity Act, aiming to establish a federal regulatory framework for the digital asset market. In a letter to senators, the coalition pointed out that administrative actions by government agencies alone cannot deliver stable rules, and warned against the risks of regulation by enforcement. The letter outlined six core priorities, including clarifying the regulatory division of responsibilities between the SEC and CFTC, protecting developers of non-custodial tools, streamlining disclosure rules, and establishing federal standards to prevent fragmented state-level legislation.

4. Hong Kong Officials: Push for Tokenization of More Asset Classes link

At an event held on April 20, Chan Ho Lim, Deputy Secretary for Financial Services and the Treasury of Hong Kong, stated that the government is actively working with the Securities and Futures Commission to formulate regulatory regimes for digital asset trading service providers and digital asset custody service providers, with the aim of submitting the relevant bill to the Legislative Council in 2026. The Hong Kong government will institutionalize the issuance of tokenized bonds and promote the tokenization of more asset classes. The Securities and Futures Commission is currently studying secondary market trading rules with the industry, targeting the release of policy details in the first half of 2026.

5. Strategy Acquires 34,164 BTC for Approximately $2.54 Billion link

Strategy announced the purchase of 34,164 BTC for approximately 2.54 billion US dollars at an average price of around 74,395 US dollars. Bitcoin has posted a yield of 9.5% since the start of 2026. As of April 19, the company held a total of 815,061 BTC with an overall cost of about 61.56 billion US dollars and an average cost of roughly 75,527 US dollars.

Michael Saylor stated that Strategy achieved a Bitcoin yield of about 6.2% in the first three weeks of April, recording incremental gains of 47,079 BTC valued at approximately 3.6 billion US dollars at current prices. He regards BTC Gain as a net profit metric under the Bitcoin standard.

6. BitMine Adds 101,627 ETH to Holdings, Reaching a Total of 4,976,485 ETH link

BitMine increased its holdings by 101,627 ETH, bringing its total position to 4,976,485 ETH, accounting for approximately 4.12% of the total supply. Its total assets stand at about 12.9 billion US dollars, including 1.12 billion US dollars in cash, 199 BTC, 200 million US dollars in equity of Beast Industries and 107 million US dollars in investment in Eightco Holdings. Around 3.33 million ETH have been staked, worth roughly 7.7 billion US dollars, with an annualized income of about 221 million US dollars.

7. KelpDAO Stolen Funds Enter Laundering Phase; DeFi Industry Launches Collective Rescue link

LayerZero disclosed in an official post that KelpDAO suffered an attack on April 18, 2026, resulting in losses of approximately 290 million US dollars. The incident is preliminarily suspected to be perpetrated by the Lazarus Group, also known as TraderTraitor, from the DPRK. The attackers poisoned downstream RPC endpoints used by DVN and launched coordinated DDoS attacks to trigger failover, misleading DVN into confirming no abnormal transactions. No protocol or private key vulnerabilities were exploited. The root cause lay in KelpDAO’s single 1/1 DVN configuration that created a single point of failure, with impacts limited exclusively to rsETH.

On-chain analyst Specter stated that funds stolen from the KelpDAO cross-chain bridge attack have entered the stage of fragmentation and cross-chain laundering. The attacker dispersed assets across multiple addresses, and one address initiated money laundering operations immediately after receiving the funds. Roughly 99 percent of the stolen funds were transferred to the Bitcoin network via THORChain, pushing the protocol’s daily trading volume to about 211 million US dollars, nearly ten times its 30-day average. Currently, around 442 BTC worth approximately 33 million US dollars are distributed across various addresses. More than 400 addresses have been used for fund transfers, and part of the illicit funds have been mixed with capital from previous DPRK-linked cyber attacks.

According to Ember Monitoring, the KelpDAO hacker converted almost all of their 75,700 ETH, valued at around 175 million US dollars, into BTC through cross-chain swaps within one and a half days. THORChain was the primary protocol utilized for these cross-chain conversions. Driven by the massive transaction volume, the hacker’s laundering activities generated up to 800 million US dollars in trading volume and about 910,000 US dollars in platform fee revenue for THORChain.

LlamaRisk, the official risk service provider of Aave DAO, released the rsETH Incident Report to quantify the potential bad debt risks posed by the rsETH crisis to Aave and put forward two core scenarios. In the first scenario, all rsETH holders share losses proportionally with a write-down ratio of 15.12 percent, leading to 123.7 million US dollars in bad debt. In the second scenario, losses are concentrated on L2-based rsETH with a write-down ratio of 73.54 percent, resulting in 230.1 million US dollars in bad debt mainly borne by blockchains including Mantle, Arbitrum and Base. The report also pointed out that the utilization rate of multi-chain WETH reserves has reached 100 percent with idle balances below 20 US dollars, restricting liquidation liquidity and potentially exacerbating risk contagion. For risk mitigation, it recommends an immediate suspension of the WETH Umbrella module to maintain risk coverage capacity, and calls for joint efforts between the Aave DAO treasury and ecosystem participants to address potential bad debt. The ultimate impact hinges on Kelp’s loss allocation rules and asset recovery progress.

8. Aave Sees $15.1 Billion Outflows, Part of Funds Flows to Spark link

Monitored by @EmberCN, funds on Aave have continued to flow out recently, reaching 15.1 billion US dollars in three and a half days. Its total deposits have dropped from 48.5 billion US dollars before the incident to 30.7 billion US dollars currently, with approximately one-third of the capital withdrawn. Meanwhile, other major lending platforms have shown divergent capital movements. Morpho’s total deposits fell from 11.7 billion US dollars prior to the rsETH incident to 10.2 billion US dollars, representing an outflow of 1.5 billion US dollars. In contrast, the TVL of SparkLend under Spark rose from 1.9 billion US dollars to 3.2 billion US dollars, recording a capital inflow of 1.3 billion US dollars. Spark has absorbed funds withdrawn from Aave by certain crypto whales and institutions, including Justin Sun and a renowned large investor who allocated 500 million US dollars for bottom-hunting in February.

As of press time, after Aave coordinated the establishment of “DeFi United” for recovery and rescue efforts, securing 30,000 ETH in loans and 13,500 ETH in donations, market confidence has rebounded notably, and no further capital outflows have been observed on Aave in recent hours. It was also disclosed that Aave’s current total deposits stand at 28.6 billion US dollars, a decrease of 17.2 billion US dollars compared with the period before the rsETH incident. If no additional outflows occur, the cumulative capital loss of Aave caused by the rsETH incident will reach 37 percent.

9. JPMorgan States Persistent Security Vulnerabilities Weaken Institutional Appeal for DeFi link

JPMorgan stated that ongoing security vulnerabilities and stagnant total value locked (TVL) continue to weaken institutional appetite for DeFi. The report noted that the KelpDAO exploit erased approximately 20 billion US dollars in TVL within days. Attackers minted 292 million US dollars in unsecured rsETH via the cross-chain bridge and used it as collateral to drain funds from lending protocols, causing around 200 million US dollars in bad debt. JPMorgan pointed out that hacking losses this year remain on par with 2025 levels, and vulnerabilities in infrastructure and cross-chain bridges persist as major risks. Meanwhile, although DeFi’s TVL has partially recovered in dollar terms, it has remained largely flat when measured in ETH, indicating limited organic expansion. The report also added that capital has flowed out of DeFi lending into USDT following the incident, reflecting investors’ continued shift toward stablecoins during periods of market stress.

Haseeb, Managing Partner at Dragonfly, stated in a post that DeFi has weathered multiple shocks including the Terra collapse, liquidation mechanism failures in 2020, and the stETH depeg in 2022, while relevant mechanisms have gradually improved through repeated revisions. This evolution mirrors the continuous advancement of traditional finance amid successive crises. He argued that current risks do not pose a systemic threat, and protocols such as Aave possess sufficient capacity to absorb bad debt. The industry is continuously optimizing its structural design through ongoing discussions and mechanism adjustments.

10. SBF Invested $200,000 in Cursor’s Early Funding Round; Equity Would Be Worth Approximately $3 Billion if Retained link

Elon Musk’s SpaceX announced a partnership with AI programming startup Cursor. The latter granted SpaceX the right to acquire it at a price of 600 billion US dollars later this year, or pay 100 billion US dollars to advance bilateral cooperation. Cursor’s developer Anysphere completed a 400,000 US dollar Pre-Seed financing round in April 2022, jointly invested by Alameda Research and Heroic Ventures. Alameda, led by SBF, invested 200,000 US dollars in Anysphere and obtained approximately 5% equity. The FTX bankruptcy estate sold Anysphere shares held by Alameda Research’s affiliated entities for 200,000 US dollars in April 2023. Analysts estimated that the equity previously divested by FTX is now worth around 3 billion US dollars.

Sam Bankman-Fried (SBF) posted on his X account that if FTX’s legal team had not sold its core holdings, the combined value of FTX’s top six former assets would reach 114 billion US dollars as of April 22, 2026. The breakdown includes Anthropic at roughly 82.3 billion US dollars, Solana at 5.1 billion US dollars, Robinhood at 4.9 billion US dollars, Genesis Digital at 3.5 billion US dollars, SpaceX at 15 billion US dollars, and Cursor at 3 billion US dollars.

Fundraising

Polymarket is in talks for a financing round at a valuation of approximately 15 billion US dollars. link

Japanese stablecoin project JPYC has completed a secondary Series B financing of around 2.8 billion Japanese yen. link

Tether co-led an 8 million US dollar strategic financing round for KAIO, a regulated tokenization platform based in Abu Dhabi. link

Malaysian digital asset exchange Hata has secured 8 million US dollars in Series A financing led by Bybit. link

RealGo announced the completion of over 3.5 million US dollars in strategic financing, with investors including Animoca Brands and Cogitent Ventures. link

3F has raised 4 million US dollars in funding and plans to launch its RWA leverage product in the second quarter of 2026. link

Learn more, check out crypto-fundraising.info.

Follow us

Twitter: https://twitter.com/WuBlockchain

Telegram: https://t.me/wublockchainenglish

Kelp Coordinates rsETH Recovery, ~$89.5K ETH Shortfall Remains

Kelp stated it is working with Aave and ecosystem partners to coordinate recovery efforts for rsETH holders. The initial shortfall was 163,200 ETH, with ~43,000 ETH recovered by Kelp and 30,700 ETH secured by Arbitrum Security Council, leaving about 89,500 ETH outstanding. Partners including Mantle, EtherFi, Lido, and Golem have committed a combined 43,500 ETH toward covering the gap.