Tag: Lazarus

LayerZero reported that the North Korean hacker group Lazarus may have orchestrated the nearly $300 million exploit on Kelp DAO, with the technical root cause being a single point of failure in the protocol's validator setup. This incident has become the largest DeFi hack so far in 2026, causing a 7% single-day drop in the overall DeFi sector's TVL.

MicroStrategy hinted at accelerating Bitcoin purchases and plans to adjust the frequency of preferred stock dividend payments to semi-monthly to optimize its capital structure. Against the backdrop of high Bitcoin prices and ample company cash, this move sends a strong signal to the market regarding increased accumulation and shareholder returns.

Bitcoin demonstrates resilience amid escalating geopolitical conflict, with its price holding steady above $70,000. Analysts believe that if a ceasefire agreement is reached, Bitcoin could break through $78,000 and target even higher ranges.

The scale of RWA tokenization has reached $27 billion, but only 10% is utilized in DeFi lending. Clearer regulations are driving growth, with credit assets becoming a mainstay of DeFi deposits due to high yields, yet overall integration still faces challenges.

The total cryptocurrency market cap rose 5.22% weekly to $2.62 trillion, with on-chain data showing structural divergence: Ethereum DEX trading volume surged while total DeFi TVL declined. U.S. Bitcoin and Ethereum spot ETFs continued to see net inflows, and stablecoin market cap saw a slight increase.

An open-source AI tool warned of cross-chain bridge configuration risks in Kelp DAO 12 days before the vulnerability occurred. The incident ultimately resulted in a $292 million loss and affected protocols like Aave, exposing systemic flaws in DeFi cross-chain architecture.

Hong Kong has released the world's first tokenized asset trading framework, allowing related products to be traded on secondary markets. Meanwhile, affected by the rsETH attack incident, Aave's TVL has plummeted by $8.45 billion within two days, dragging down the total value locked (TVL) across the entire DeFi ecosystem.

Coinbase UK launches a crypto collateralized lending service, allowing users to borrow USDC using assets like BTC as collateral.

Japanese stablecoin issuer JPYC has completed an additional 2.8 billion yen Series B funding round, bringing its total funding to 4.6 billion yen. The funds will be used for system development, business expansion, and strategic investments. The company is actively expanding its partnership network and deploying in scenarios such as cross-border payments.

BroadChain learned that at 17:30 on April 20, according to PANews, Coinbase announced that its UK users can now use their held Bitcoin, Ethereum, and cbETH as collateral to borrow USDC within 1 minute via the open-source lending protocol Morpho on the Base network. The loan interest rate for this product is dynamically adjusted every few seconds based on market conditions, with a maximum loan amount of up to $5 million for BTC collateral. Additionally, Coinbase One members can receive an annualized USDC yield reward of up to 3.5%. This service was first launched in the US in January 2025, and Coinbase plans to expand it to more countries in the future.

BroadChain learned that at 17:16 on April 20, according to TechFlow, Coinbase announced the launch of its crypto-backed lending service in the UK. Users can use Bitcoin, Ethereum, and cbETH as collateral to borrow USDC within 1 minute. This service is powered by the open-source lending protocol Morpho on the Base chain. The product was first launched in the US in January 2025. As of April 14, 2026, the total loan amount issued through Coinbase's integration with Morpho has exceeded 2.17 billion USDC. Users can check their loan health status within the Coinbase App.

BroadChain learned that at 16:30 on April 20, according to PANews, the situation in the Middle East is fluctuating, the Strait of Hormuz has been closed again, market risk aversion sentiment is heating up, and Brent crude oil opened up 7.9%. Bitcoin retreated from its high of $78,400 to the range of $74,000-$75,000. CME left two gaps at 77.3K and 67.2K, becoming key gravitational points for short-term prices. Bearish views believe that geopolitical risks and weakening technicals resonate, and the price may seek a bottom downward; bullish views emphasize buying support exists near $72,000, and the chip structure is being repaired. Ethereum is under pressure due to the broader market correction and the Kelp DAO cross-chain bridge hack incident.