Aave could face up to $230 million in losses after Kelp DAO bridge exploit triggers DeFi chaos
MN
Margaux Nijkerk
Aave published a report outlining two possible outcomes: around $123 million in losses if damage is shared across all rsETH, or up to $230 million if confined to Layer 2s, with the final impact depending on how Kelp DAO allocates the shortfall.
In the first quarter of 2026, remittance flows to Ho Chi Minh City fell sharply, reaching USD 2.004 billion—down 15.6% from Q4 2025 and down 16.9% compared with the same period in 2025. Remittances routed through local institutions According to the State Bank of Vietnam (SBV) – Ho Chi Minh…
The 72-NQ/TW Resolution of the Politburo places people at the center, with health as the foundation of socioeconomic development and a shared responsibility of the entire political system and every individual. It emphasizes physical education and sports as a breakthrough solution, shifting from a mindset of “curing illness” to “actively…
Techcombank, Vietnam's Techcombank, published its audited financial statements with notable figures on personnel income. In 2025, the bank employed an average of 11,220 staff at the parent bank, up from 10,903 in 2024. Total employee income reached VND 6,326 billion, up by VND 26 billion, or about 0.4%. Due to the…
USD1 continues to gain visibility as its use extends across multiple sectors of the crypto economy. The stablecoin now appears in decentralized finance, exchange campaigns, payroll systems, and AI-driven payment tools, reflecting a shift toward utility-focused adoption. Many ppl still don't know what $USD1 can be used for 🤔 Sure,…
As decentralized finance (DeFi) matures into the connective tissue of modern finance, the focus is moving from experimentation to real-world use, and institutional interest is accelerating. Odelia Torteman, a FinTech and Digital Finance Specialist at the World Bank, says global players including Mastercard, BlackRock, and Franklin Templeton are now exploring…
Abu Dhabi-regulated tokenization infrastructure company KAIO has closed an $8 million strategic financing round led by stablecoin issuer Tether, bringing its total funding to $19 million, according to a report from CoinDesk. Round led by Tether The latest round was led by Tether. New backers include Systemic Ventures, Further Ventures…
Kevin Warsh, President Trump’s pick to lead the Federal Reserve, is expected to face intense questioning at Tuesday’s Senate Banking Committee confirmation hearing over whether he would protect the Fed’s independence and whether he plans to cut interest rates. Independence and rate-cut expectations in focus Warsh, a former Fed governor…
Grayscale Investments has updated its HYPE ETF application, transferring custodial responsibilities to a different service provider. The amended documentation names Anchorage Digital Bank as the new custodian, replacing Coinbase in this operational role as Grayscale continues developing its HYPE ETF amid evolving regulatory conditions. Anchorage Digital Bank Assumes Custodial Responsibilities…
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
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At around 5:30 PM on May 5, about a day after facing significant criticism over its recruitment campaign, Oatside Vietnam issued an official reply on its Facebook page, which has about 14K followers. The company said it acknowledged discussions surrounding the recent CMO recruitment and admitted that the campaign deployment…
Although Hoa Sen Group chairman Le Phuoc Vu has made remarks that have drawn mixed reactions in the market, the group’s long-standing sponsorship of the “Vietnamese Family Housing” program and the charitable activities funded by Hoa Sen cannot be overlooked. In videos related to the program, Mr. Vu is shown…
On 3 April 2026, following its launch in Ho Chi Minh City, Nagakawa Group (ticker: NAG - HNX) continued its “Call me Naga” journey to Hanoi, accelerating the brand’s transformation toward a younger image and introducing a series of new products for summer 2026. The “Naga” name was selected as…
The State Securities Commission (SSC) has revoked the public company status of Hanoi Joint Stock Company for Electrical and Water Installation. The decision was issued through Official Dispatch No. 2607/UBCK-GSĐC on April 3, according to information published on the SSC portal. SSC’s decision On April 3, the SSC issued Official…
