BroadChain News, April 28 - AAVE DAO is reviewing a proposal to suspend AAVE repurchases. Due to Kelp's LayerZero rsETH cross-chain vulnerability, unbacked rsETH has flowed into the market. Aave has frozen related reserves and adjusted interest rates. The proposal suggests suspending the use of protocol revenue for repurchases until the loss allocation and bad debt scale are clarified, retaining the treasury to address potential disposal plans.
The DeFi United rescue operation has raised over 132,000 ETH, valued at more than $300 million. Consensys has provided up to 30,000 ETH in support, and Circle Ventures has purchased AAVE tokens. Aave stated that these contributions are crucial for restoring rsETH collateral support, and without such support, the recovery process would be hindered.
Microsoft and OpenAI have signed a revised agreement. Microsoft will no longer pay revenue sharing, and OpenAI's products will be prioritized for release on Azure, but the authorization has been changed to non-exclusive. Microsoft continues to serve as the primary cloud partner and a significant shareholder. OpenAI's revenue sharing with Microsoft will continue until 2030, with a total cap set.
The EU has introduced its 20th round of sanctions against Russia, completely banning transactions with Russian crypto service providers and platforms, and prohibiting the Russian central bank's digital ruble and related support. The sanctions target 20 Russian banks and 4 financial institutions, and have added Kyrgyzstan-based exchange TengriCoin to the list. Chainalysis reported that the stablecoin A7A5 within the sanctioned ecosystem has processed approximately $119.7 billion in funds.
Canada's "Strong and Free Election Act" has passed second reading, proposing to ban cryptocurrency political donations in federal elections. The bill treats cryptocurrencies as a form of hard-to-trace funds, applicable to registered political parties, candidates, etc. Illegal donations must be returned or surrendered within 30 days.