Aave TVL Plummets by $8.45 Billion in Two Days, Hong Kong Releases World's First Tokenized Asset Trading Framework

BroadChain has learned that at 18:46 on April 20, according to PANews, the Hong Kong Securities and Futures Commission (SFC) announced a new regulatory framework allowing tokenized SFC-authorized investment products to be traded on the secondary market. The first batch of products is expected to primarily consist of tokenized money market funds. Deputy Secretary for Financial Services and the Treasury, Joseph Chan, stated that the goal is to release detailed rules for secondary market trading of tokenized products in the first half of 2026. LayerZero confirmed that the approximately $290 million attack on KelpDAO was carried out by a North Korean hacker group, with the impact limited to rsETH, and recommended migrating applications to a multi-DVN setup. Vitalik Buterin outlined Ethereum's roadmap for the next four years, focusing on scaling, quantum security, and account abstraction. Affected by the rsETH incident, Aave's TVL decreased by $8.45 billion to $17.947 billion over two days, while the total DeFi TVL across the network dropped by $13.21 billion to $86.286 billion. Polymarket is in talks to raise $400 million at a valuation of $15 billion. Bitcoin spot ETFs saw a net inflow of $996 million last week, while Ethereum spot ETFs recorded a net inflow of $276 million.