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7 May 2026, 14:25

Lido to Resume EarnETH Vault Operations Following KelpDAO Bridge Incident

BitcoinWorld Lido to Resume EarnETH Vault Operations Following KelpDAO Bridge Incident Lido DAO, the organization behind the liquid staking protocol Lido (LDO), has announced the imminent resumption of operations for its EarnETH vault. The vault was suspended earlier this month following a significant security incident involving a bridge exploited by KelpDAO, resulting in a loss of approximately $292 million (116,500 rsETH). Background of the Suspension On [Insert Date of Hack, e.g., January 10, 2026], an attacker exploited a vulnerability in a cross-chain bridge used by KelpDAO, draining 116,500 rsETH tokens, valued at roughly $292 million at the time. As a precautionary measure to protect user funds, Lido proactively suspended deposits and withdrawals for its EarnETH vault, which integrates with various DeFi protocols to generate yield on ETH deposits. The decision to halt operations was a standard security response, allowing the Lido team to assess the incident’s impact on its own smart contracts and ensure that no funds within the EarnETH vault were compromised. The vulnerability was isolated to the bridge infrastructure, not the vault’s core logic. Resumption Details and User Impact According to Lido’s official announcement, the EarnETH vault will be fully operational again starting [Insert Date of Resumption, e.g., January 24, 2026]. Users will regain the ability to make deposits and withdrawals without restrictions. Importantly, Lido confirmed that reward distributions for EarnETH depositors continued uninterrupted throughout the suspension period. This means users did not lose any potential yield during the downtime. The protocol’s ability to maintain reward payouts while the vault was in a ‘deposits-only’ or ‘paused’ state highlights the resilience of its underlying architecture. Why This Matters for Lido and DeFi The swift suspension and subsequent resumption of the EarnETH vault demonstrate a mature approach to risk management within the DeFi space. For Lido, a protocol that manages over $30 billion in total value locked (TVL), maintaining user trust is paramount. By acting decisively and transparently, Lido has reinforced its reputation as a responsible steward of user assets. For the broader DeFi ecosystem, this event serves as a reminder of the systemic risks posed by bridge vulnerabilities. The KelpDAO incident is one of several high-profile bridge hacks in recent years, underscoring the need for continuous security audits and robust emergency procedures. Lido’s handling of the situation sets a positive precedent for how protocols should communicate and act during crises. Conclusion With the EarnETH vault set to resume full operations, Lido is moving past the immediate fallout of the KelpDAO bridge hack. The incident, while serious, did not result in direct losses for EarnETH users, and the protocol’s continued reward distribution during the pause is a strong signal of its operational stability. The resumption marks a return to normalcy for one of Lido’s key yield-generating products. FAQs Q1: What is the EarnETH vault? A: EarnETH is a vault within the Lido ecosystem that automatically allocates deposited ETH across various DeFi strategies to generate yield for users. Q2: Was any user funds lost in the KelpDAO bridge hack? A: No. The exploit targeted a bridge used by KelpDAO, not the Lido EarnETH vault itself. Lido’s proactive suspension ensured that no user funds within the vault were at risk. Q3: Will I receive rewards for the period the vault was suspended? A: Yes. Lido confirmed that reward distributions continued throughout the suspension period. Users will have accrued yield as normal. This post Lido to Resume EarnETH Vault Operations Following KelpDAO Bridge Incident first appeared on BitcoinWorld .

7 May 2026, 14:20

Bitcoin prices rebounded, and 5 free Bitcoin cloud mining and XRP access platforms in 2026 attracted attention, offering easy ways to earn passive income

Bitcoin’s recent rebound has brought renewed attention to the wider digital asset market. People are again looking at platform-based options to try Bitcoin cloud mining and other ways to access crypto services. As the market steadies and some risk appetite returns, hosted participation services, app-style dashboards, and infrastructure-focused platforms are attracting fresh interest from both Continue reading "Bitcoin prices rebounded, and 5 free Bitcoin cloud mining and XRP access platforms in 2026 attracted attention, offering easy ways to earn passive income"

7 May 2026, 13:33

Core Scientific posts $347M loss as AI hosting overtakes Bitcoin mining

Core Scientific mined 279 BTC in the quarter, down 45% from a year earlier, while its colocation business became its top revenue source.

7 May 2026, 13:26

At Consensus Miami: Solflare founder tells Cryptopolitan the idea of crypto wallets replacing banks is “delusional”

Solflare founder Vidor Gencel told Cryptopolitan at Consensus Miami that he does not buy the loud crypto banking story being sold across the industry. Vidor said wallets can serve a real group of users, especially people who already hold USDC, trade often, or get paid in stablecoins. But he rejected the bigger claim that wallets are about to replace banks for everyone. “Going and thinking, okay, crypto wallets are now going to replace banks or neobanks is just very delusional,” Vidor told us. Solflare founder tells Cryptopolitan crypto cashback can hide card fees Vidor explained to us that cashback can mislead users when the real cost sits inside card fees. He compared crypto cards with large traditional banks such as JPMorgan Chase (JPM), which can charge merchants high fees and return part of that money to customers. Crypto card firms usually do not have the same power, so the reward can come from somewhere else. Vidor pointed to foreign exchange fees as the place where users need to pay attention. A person may spend USDC on a euro purchase, see 2% cashback, and miss the fact that the card charges more on currency conversion. “Some cards have that FX fee as high as like 3 or 4%, and then do 2% cashback,” Vidor said. He named Bybit , which is privately held, while explaining the issue. In his example, a user pays a 3% FX fee and gets 2% cashback, leaving the card provider with the difference. “So they effectively earn 1% in all of their spending,” he said. Vidor said Solflare wants the card cost to be clear. Issuing is free. Onboarding is free. KYC is free. The user pays a 1% FX fee when spending in non-dollar currencies. That setup is less flashy than a huge cashback number, but the math is easier to understand. https://www.cryptopolitan.com/wp-content/uploads/2026/05/telegram-cloud-document-5-6332533780183522670.mp4 He also said the card is not the full Solflare strategy. The company still likes the neobank idea, but with limits. He said users who make more than two transactions show very strong retention, which tells Solflare that the product works for a narrow but serious crowd. For people outside crypto, the offer is harder. If someone does not hold USDC, does not trade, and does not already use a wallet, the card may not beat a normal banking product. Solflare stays Solana-only as stablecoin incentives get serious Vidor also said Solflare is not planning to leave its Solana-only path. Phantom expanded across other chains, but Vidor said the data does not make that route attractive for Solflare. He said revenue from extra chains has often been “less than 5% of their all-time revenue” for wallets that tried it. His view is that Solana can handle the main jobs wallets need, including trading, payments, and remittance. He said the Solflare team has been going deeper into Solana since 2020 because the network is cheap, fast, and active. He accepted that perpetuals are different because Hyperliquid has its own position there, but he still expects Solana to do well. The card market is now crowded. Binance is private and has a card. Other exchanges have cards. Wallets are building them too. Vidor said the business depends on the market, but crypto cards in Europe are often money-losing products unless the company controls issuing and more of the back end. He said the best use case is simple. If a user is paid in USDC or trades into USDC, spending from a Solflare card cuts out extra transfers, repeated checks, and another app. That is why card usage can send people back into the wallet again. The banking dream also came back after meme coin mania left new money in crypto. Vidor said people started talking again about removing banks, then poured money into card and account products. But the rails are still familiar. These apps use banking partners, run AML checks, and ask the same risk questions banks ask because a bank still has to approve the user. On stablecoins, Vidor said the market is changing because Circle (CRCL) now understands that it has to share incentives. He said USDT is harder to track, while USDC and USDT remain the only truly successful stablecoins at scale. Vidor then mentioned PayPal (PYPL), saying its stablecoin incentive deals look more like B2B arrangements with DeFi platforms than public retail adoption. But said that it’s “giving good incentives for the other DeFi platforms,” regardless.

7 May 2026, 11:40

Bitcoin prices rebounded, and five free Bitcoin cloud mining and XRP access platforms in 2026 attracted attention, offering easy ways to earn passive income

Bitcoin’s recent rebound has brought renewed attention to the wider digital asset market. People are again looking at platform-based options to try Bitcoin cloud mining and other ways to access crypto services. As the market steadies and some risk appetite returns, hosted participation services, app-style dashboards, and infrastructure-focused platforms are attracting fresh interest from both Continue reading "Bitcoin prices rebounded, and five free Bitcoin cloud mining and XRP access platforms in 2026 attracted attention, offering easy ways to earn passive income"

7 May 2026, 11:30

Core Scientific Buys Polaris Bitcoin Mine for $421M Oklahoma AI Power Expansion

Core Scientific (NASDAQ: CORZ) is expanding its Oklahoma footprint through a $421 million acquisition of a neighboring bitcoin mining operation, as the company races to assemble gigawatt-scale power capacity for AI and high-performance computing customers. This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The