Dogshit+星辰

#Kelp's stolen funds have entered the laundering phase The aftershocks of the RSETH chain reaction are spreading, and the DeFi sector is facing an epic black swan risk. The chain reaction from the rsETH collapse continues to ferment, with risks spreading from a single project to the entire DeFi sector. The leading protocol Aave is deeply mired in a massive bad debt crisis and has proposed two highly controversial bad debt disposal plans, bringing industry conflicts to the forefront. Currently, Aave has announced two loss liquidation plans: the first is to uniformly distribute the losses of all rsETH holders across the network, with each rsETH losing about 15.12% of its value, which all holders will share the risk; the second is limited to L2 ecosystem rsETH covering the losses, where L2 rsETH will see a massive discount of 73.54%. In this incident, Aave's total bad debt amounts to a staggering $230.1 million. The core responsible parties for this crisis point to two main entities: first, LayerZero's OFT cross-chain homogeneous token standard, whose unified supply and equivalent redemption mechanism has buried the hidden risks of cross-chain asset transmission; second, the asset issuer Kelp. For Kelp, both options are dead ends: choosing to have L2 bear the losses alone will directly trigger large-scale legal lawsuits; choosing to distribute losses across the network will completely offend all ecosystem participants. Aave's plan essentially attributes the core responsibility for this bad debt to Kelp and LayerZero. The crisis, compounded by a collapse of trust, continues to undermine Aave's ecosystem security system. Data shows that over 80% of Aave Umbrella staking users have triggered unstaking operations, unlocking a total of about 18,922 aWETH, indicating that the market has completely lost trust in Aave's security cushion in the short term. Risk panic is rapidly transmitting throughout the industry, with several leading institutions urgently seeking refuge: BitGo has announced the suspension of WBTC's LayerZero DVN verification services, while top DeFi protocols like Curve and Ethena have simultaneously suspended or downgraded all LayerZero OFT-related circulation paths. Meanwhile, the centralized risks of L2 have been fully exposed: the Arbitrum security committee voted 9/12 to use emergency powers to freeze 30,766 ETH in the hacker's intermediary wallet. This triggered an emergency transfer operation by the hacker, with the remaining 75,701 ETH quickly transferred to the Ethereum mainnet and laundered across chains to the Bitcoin network through privacy mixing protocols like Thorchain and Umbra Cash. Fortunately, the ETH price has stabilized for now, showing no significant fluctuations, providing a brief respite for Aave and the entire DeFi market. However, the current risk structure is extremely fragile: Aave's collateral utilization rate has reached 100%, and liquidation risks are at an all-time high. According to estimates, if the ETH price drops by 30%, over $250 million in assets will trigger liquidation on-chain; if the drop expands to 50%, over $1 billion in assets will face liquidation. Compounding the issue, Aave's liquidation channels are severely congested, and once the liquidation chain officially starts and a cascading effect occurs, the market may face another epic on-chain black swan event following the LUNA collapse. #Wosh's stance: Digital assets belong to the financial system #Wosh's stance: Digital assets belong to the financial system $BTC $RAVE $OKB @OKX中文 @OKX成长学院 @OKX星球

Patiently waiting for the pullback in the US stock market mid-term elections, which will drive the third wave downtrend of $BTC. Figure 1 shows the real data of executives of US-listed companies buying their own company's stock, and it's clear at a glance: Historically, true buying peaks only appeared after the 2009 subprime mortgage crisis and the 2020 pandemic crash; those two instances were the genuine market golden pits. In recent years, relatively concentrated buying only occurred in Q4 2022 and Q1 2023, which was also a clear low-position layout window. After 2024, this group of people who hold the most genuine insider information and understand company value will see their buying power continue to weaken, almost collectively silent. Including Buffett holding cash at a historic high, various signs indicate that major institutions are waiting for a significant pullback in the US stock market. Although the US stock market is still breaking historic highs now, after a lot of gains, a drop is inevitable; this is the fundamental logic of financial markets. Patiently waiting for the US stock market pullback will lead to a global financial market pullback, including the cryptocurrency market. The true golden window for the next bull market layout is in the second half of this year. #Kelp被盗资金进入清洗阶段 #创作者激励 #OKX星球话题来啦 $ETH $OKB @OKX中文 @OKX成长学院 @OKX星球

📣 Crypto Circle Update 4.22 📣 Market: The global crypto market cap is approximately $2.62 trillion. BTC is at $75,712.8 (24h +0.76%); ETH is at $2,319.4 (24h +0.64%). XRP leads the mainstream with a 24h increase of +7.06%. The Fear and Greed Index is at 28 (Fear). Regulation: Tennessee in the U.S. is advancing the "Strategic Bitcoin Reserve Act," which is expected to become the first state to officially stockpile BTC. The Senate hearing for Fed Chair nominee Waller is drawing market attention regarding crypto regulation stance. Industry: The Hong Kong Web3 Carnival reaches its peak today, focusing on RWA, Layer 2, and the Bitcoin ecosystem. Exchange Kraken reveals plans for a 2026 U.S. stock IPO. Google warns about quantum computing: it may be able to crack BTC encryption, prompting the industry to accelerate adaptation of post-quantum cryptography (PQC). Hot Topics: Polymarket plans a new round of financing, aiming for a valuation of $15 billion. #Kelp被盗资金进入清洗阶段 #Web3嘉年华：原来上链这么简单 #沃什定调：数字资产属于金融体系 $BTC $ETH $OKB @OKX中文 @OKX成长学院 @OKX星球

$ETH This person is here again to boost confidence in $BTC; his influence is quite significant, and it's being shared widely online. Michael Saylor's influence is immense, primarily due to his incorporation of Bitcoin into the corporate balance sheet through MicroStrategy, setting a precedent for large-scale cryptocurrency allocation by publicly traded companies, which has greatly facilitated institutional acceptance of Bitcoin. At the same time, as a long-term and staunch Bitcoin evangelist, his radical views and frequent commentary have profoundly impacted market narratives and investor confidence. #Web3 Carnival: My AI Agent surprised me! #Kelp定因，Aave坏账最高$3.4亿 #沃什听证日：降息与加密成焦点 $OKB @OKX中文 @OKX成长学院 @OKX星球

In the past few days, many altcoins have suddenly seen a surge in volume on the 15-minute chart, with trading volumes increasing by dozens of times, suddenly spiking with millions of US dollars, tens of millions of US dollars in buy volume. This is accumulation, and it's very obvious. This is clearly not something retail investors can do; it's funds testing the waters, sweeping up, and changing hands! Before the market starts, the order book usually speaks first. #新手成长营 #OKX星球话题来啦 #山寨币 $RAVE $BASED $ORDI @OKX中文 @OKX成长学院 @OKX星球

$BTC Total market cap growth in the crypto space: In 2014, it grew from 10 billion to 100 billion, a 10x increase! 💪 In 2017, it grew from 100 billion to 800 billion, an 8x increase! 💪 In 2021, it grew from 800 billion to 3 trillion, an increase of 2.2 trillion! 💪 This round from 3 trillion, last year at 4.3 trillion, only reached 60% of the previous peak! 😅 A halved market cap increase, with a minimum of 7.5 trillion. That is the normal bull market performance, and a bit more aggressive would be above 10 trillion 🌹 #Strategy年内购BTC超ETF十倍 #创作者激励 #星球日报 $ETH $OKB @OKX中文 @OKX成长学院 @OKX星球

📣4.21 Crypto Circle Overview📣 Market: BTC is experiencing short-term fluctuations, initially rising nearly 3% to break $76,000, then retreating to around $74,000. ETH is fluctuating in sync, with mainstream coins showing mixed performance. Over the past 24 hours, more than 160,000 liquidations occurred across the network, with funds exceeding $200 million. Hot Topics: The Hong Kong Web3 Carnival (April 20-23) is in full swing. Today's main forum focuses on AI×Crypto, with Vitalik, Sun Yuchen, and others in attendance, discussing the integration of AI agency economy and on-chain. Sina Finance is hosting a roundtable titled "Breaking Boundaries Between Stocks and Coins: Compliance Coexistence," where traditional asset management and crypto giants discuss RWA and compliance pathways. Security: April has become the worst month for hackers since February 2025, with 17 protocols hacked in 18 days, resulting in over $606 million stolen, with DeFi and cross-chain bridges being the hardest hit. Policy: The legislative window for the U.S. "Clarity Act" is only 5 weeks left (until May 21), with uncertainties in the Senate, leading to a strong wait-and-see sentiment in the market. Sector: Prediction market Polymarket has a financing valuation of $15 billion, and RWA continues to be favored by Wall Street. #星球日报 #创作者激励 #Kelp定因，Aave坏账最高$3.4亿 $BTC $ETH $OKB @OKX中文 @OKX成长学院 @OKX星球

📣 Latest Crypto News as of April 20 📣 Market Overview (as of April 20, 7:00 AM): Due to the escalating maritime standoff between the US and Iran and the blockade of the Strait of Hormuz, the crypto market has weakened across the board. BTC is at $74,045, down 2.21%; ETH is at $2,628, down 3.69%; SOL is at $83.58, down 2.98%. In the last 24 hours, 168,700 people were liquidated, totaling $317 million, with long positions being predominant. Industry Updates: 1. Aave was attacked by Kelp DAO, leading to a $6.2 billion run on liquidity, causing a liquidity crisis, and multi-chain lending protocols have suspended some functions. ​ 2. OKX X Layer launched the AI Agent trading tool, supporting on-chain automatic strategy execution, with community interest rising. ​ 3. BlackRock's Bitcoin ETF saw a net outflow of $120 million in a single day, as institutional risk-averse sentiment increases, with funds shifting to US Treasuries and the dollar. ​ 4. Multiple countries are tightening regulations: the EU plans to strengthen DeFi disclosure, and the US SEC is advancing new rules for crypto market maker licenses. Risk Warning: Geopolitical conflicts are increasing volatility, and leveraged trading carries extremely high risks; proceed with caution. #FollowOKXtoCheckInWeb3Carnival #KelpDAOAttack: Loss of 116,500 ETH #PlanetDaily $BTC $ETH $OKB @OKX中文 @OKX成长学院 @OKX星球

📣$April 20th Morning Domestic and International News Briefing📣 1. Domestic 1. The National Development and Reform Commission issued the second batch of the "Two Heavy" list for 2026, with 216.8 billion yuan in ultra-long-term special government bonds supporting 336 major projects. Today's LPR announcement marks a key interest rate node for the year. ​ 2. The Eastern Theater Command organized the 133rd fleet to transit the Hengdang Waterway on the 19th, heading to the Western Pacific for training exercises to test long-range combat capabilities. ​ 3. The Beijing humanoid robot half marathon concluded, with "Lightning" winning the championship in 50 minutes and 26 seconds, breaking the human half marathon world record. ​ 4. 12306 is cracking down on ticket scalping, rejecting 1.056 million tickets in the past three days; the first intercity commuter bus between Beijing and Tianjin opened today, taking about 1 hour from Wuqing to Tongzhou. ​ 5. Sichuan and Shanxi jointly dismantled a major counterfeit liquor network, involving 260 million yuan; Wanda Film has been renamed as Ruyi Film today, with Wang Jianlin completely withdrawing. 2. International 1. Trump stated that the US and Iran will negotiate in Islamabad on the 20th, which Iran denied, saying it will not negotiate as long as the maritime blockade continues; the US military intercepted an Iranian cargo ship in the Gulf of Oman on the 19th. ​ 2. Japan and Australia signed a $7 billion arms sale deal, with Japan exporting 11 frigates, the largest arms sale in 12 years. ​ 3. US AI data centers are facing power and personnel shortages, with nearly 40% of projects delayed, putting pressure on OpenAI and Microsoft's computing power. ​ 4. Iran will resume international passenger flights at Mashhad Airport starting on the 20th, with airspace opening in four phases. #FollowOKX to check in at the Web3 Carnival #PlanetDaily #CreatorIncentive $BTC $ETH $OKB @OKX中文 @OKX成长学院 @OKX星球

The market tortures human nature 95% of the time and harvests hesitation 5% of the time. Now we need to adapt to the volatility! #我的OKXWeb3时刻 #星球日报 #新手成长营 $BTC $ETH $OKB