Search results for rsETH
Crypto
Ethereum may yet target $2,600 as derivatives show no sharp bearish turn
Ethereum has repeatedly failed to break above $2,400, but derivatives indicators still leave room for a move toward $2,600, an analysis said. Futures funding rates have recovered from negative territory, while put option activity on Deribit has stayed below calls since May 4. The report cited macroeconomic uncertainty and a series of DeFi-related hacks, but said these were tied to protocol-specific bugs rather than structural issues in Ethereum.
Crypto
Solv Protocol ends LayerZero support, selects Chainlink CCIP for bridge infrastructure
Solv Protocol, a Bitcoin-focused DeFi project, is switching its cross-chain infrastructure from LayerZero to Chainlink. The project is phasing out LayerZero support for SolvBTC and xSolvBTC on Corn, Berachain, Rootstock and TAC, and has selected Chainlink CCIP as its official cross-chain infrastructure. Solv said it reviewed its existing bridge after recent security incidents and concluded CCIP offers the strongest security through reinforced architecture, risk controls and pre-monitoring.
Crypto
North Korea accounts for 76 percent of crypto hacking losses this year
North Korea-linked hacking groups accounted for 76 percent of cryptocurrency hacking losses reported through April this year, according to a TRM Labs report cited by BeInCrypto. Two attacks, targeting Drift Protocol and KelpDAO, drove most losses of about $577 million. Drift lost $285 million on April 1, while KelpDAO’s cross-chain bridge saw 116,500 rsETH stolen worth about $292 million. TRM Labs said attack frequency has not risen but methods have become more sophisticated.
