#KelpDAO救援收官：谁为漏洞买单 These two news pieces paint a clear two-sided picture of the current crypto market: Bitcoin’s accelerating institutionalization into mainstream finance, alongside DeFi’s ongoing reckoning with systemic security risks. BlackRock’s IBIT has made history, surpassing Deribit in Bitcoin options open interest ($27.6B vs $26.9B) in under two years — a milestone that took Deribit a full decade to reach. This marks a historic shift of Bitcoin derivatives’ core market from offshore unregulated platforms to U.S. regulated markets. With 8 straight days of ETF inflows totaling $2.1B, cumulative inflows hitting $58B, and total AUM exceeding $102B, institutional pricing power over Bitcoin is now stronger than ever, as on-chain supply continues to tighten. Meanwhile, the KelpDAO hack rescue is nearing completion, with 86% of the 116,500 ETH fundraising target committed, showing DeFi ecosystem resilience. However, unresolved disputes over frozen funds and user compensation remain, laying bare the persistent security and systemic vulnerabilities in the DeFi sector, a critical reminder for all market participants.$BTC $ETH $DOGE #KelpDAO救援收官：谁为漏洞买单 #KelpDAO救援收官：谁为漏洞买单