hodler

24 Apr 2026, 09:39

Mantle Proposes 30,000 ETH Loan To Aave DAO As Industry Mobilizes Coordinated Response To RsETH Exploit Fallout

Mantle has responded to the harmful aftermath of the April 18,2026 rsETH bridge exploit by submitting a proposal that will seek to provide Aave DAO with important liquidity support. Per the MIP-34 draft proposal, MantleCore will provide a loan of up to 30,000 ETH from Mantle Treasury to Aave. Following this week's rsETH incident involving @KelpDAO and @LayerZero_Core , a proposal has been put forward for Mantle to contribute a loan facility to @aave 's coordinated relief effort. The loan would form part of a wider coordinated framework, structured to minimize… — Mantle (@Mantle_Official) April 24, 2026 This level is meant to account for the impaired debt created following the exploit on Aave V3 that temporarily disrupted liquidity and alarmed much of DeFi. While the proposal is yet ‘most in principle’ to achieve consensus obstruction and heads towards a formal vote, it suggests a consolidated strategy approach aimed at reining systemic risk and returning confidence into the markets. Mantle Flexible and Stable Structure of Loans The loan structure features terms carefully calibrated to curb risk exposure, flexibility and debt sustainability. Mantle suggests a 36-month loan term, which gives Aave plenty of time to get its financial house in order before it has to pay anything back. Interest offered at LIDO + 1% APR, with exact numbers to be determined by the execution team based on current market conditions. This flexible mechanism keeps the agreement adaptable while allowing Mantle to get paid fair market rates for providing liquidity here. Importantly, the proposal does not impose penalties for early repayment, if Aave’s situation improves enough further through a protocol and product recovery or other means, it should be able to repay its loan before maturity. Such a provision is evidence of practical crisis management preserving flexibility for both parties as time rolls on. This should limit the financial impact to protocol while helping Aave get back on track. The proposal includes a mixture of financial, and governance-based collateral from Aave to back the loan. This consists of a 5% allocation of protocol fee and AAVE tokens amounting to at least $11 million. Mantle would also be granted delegated voting authority over 130,000 AAVE under these conditions, making for an extensive governance role on the part of Mantle during the course of the loan. By maintaining both financial and strategic stakes in Aave’s recovery, this arrangement aligns incentives for all parties. More Details To Note It is worth noting the governance delegation component, which provides insight into how DeFi agreements continue to grow more sophisticated. These arrangements, however, increasingly encompass governance rights in addition to just financial transactions and further promote collaboration between protocols. This layered stack provides security to the lender while encouraging co-responsibility within the ecosystem. The masterminded loan comes as part of a more extensive work to confine disturbance from everywhere in the DeFi space. Mantle has reiterated that this will be designed as a gradual and orderly pathway for recovering from the rsETH exploit. This initiative is indicative of an emerging trend within decentralized finance where protocols come together to better mitigate systemic risk as opposed to resolving matters in isolation. Caused problems on one DeFi protocol be transferred easily to another and coordinated response are important due to high connectivity on DeFi platforms. Mantle wants to demonstrate how large treasuries can be effectively routed during a crisis, and as such will become a key player in the future resilience of the ecosystem far beyond this historical moment of providing ample liquidity support. Bybit Signals Support And Strengthens Industry Unity The proposal has since received support from some of the crypto industry’s major players, including Bybit. CEO Ben Zhou even gave the exchange a public commitment that it would support MantlePlan. Zhou notes the relevance of mutual support between companies in crypto, citing Bybit’s own experience receiving help in responding to a previous hack. Bybit, as the biggest holder and supporter of Mantle, will vote YES for this proposal. When we got hacked the industry got together and helped us. It is the only right thing that we do the same to unit together and walk out from difficult times. https://t.co/GmAK4YwLns — Ben Zhou (@benbybit) April 24, 2026 He pointed out that the industry supported us after we were hacked, and now it is only fair for us to help one another, since this attitude has been usual when trouble arises. Support from major exchange letters gives this proposal substantial credibility, as an endorsement increases the odds for wider community support as well as eventual approval. Recoveries Taking Shape have put DeFi at a Defining Moment The Mantle-Aave proposal is being announced at a crucial point for decentralized finance. The exploit of the rsETH token presented weaknesses in many protocols that were previously fine-tuned and interlinked with one another, leading to composability shocks and putting the entire sector to a test. At the same time, it highlights what unified action looks like. These measures, from treasury-backed loans and collaboration between governance models to allied support across the industry chain, demonstrate an ecosystem that is growing up while navigating intricate challenges. For Aave, this loan could be a critical lifeline, a means of stabilisation and regaining user trust. For Mantle itself, it is a way to flexibly deploy capital, benefiting the surrounding ecosystem while potentially earning returns. Depending on which way talks are headed, the result could set a precedent that would probably effect on how future crises will no longer result in this manner and thus forming what is the form of inter-protocol agreements and level of cooperation inside DeFi. In the end, this episode reminds us of a simple fact: decentralized finance can only be sustainable at large scale if participants have the agility to work closely together in times of doubt, not just innovate. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

24 Apr 2026, 09:36

Bitcoin Cycle Shifts as Institutions Build Positions and Volatility Falls

24 Apr 2026, 09:35

Bithumb Suspends INJ Deposits and Withdrawals Ahead of Critical Network Upgrade – What Investors Must Know

BitcoinWorld Bithumb Suspends INJ Deposits and Withdrawals Ahead of Critical Network Upgrade – What Investors Must Know South Korean cryptocurrency exchange Bithumb has announced a temporary suspension of deposits and withdrawals for Injective (INJ) . This action supports the token’s scheduled network upgrade. The suspension begins at 9:00 a.m. UTC on April 28. This move directly impacts traders and holders of the INJ token. Understanding the reasons and implications is crucial for anyone involved. Bithumb Suspends INJ: Key Details and Timeline Bithumb, a major player in the South Korean crypto market, released an official notice. The exchange stated it will halt all INJ-related deposit and withdrawal services. The suspension starts precisely at 9:00 a.m. UTC on April 28. Bithumb did not specify an exact end time for the suspension. However, it typically resumes services after the network upgrade completes and stability is confirmed. Users should monitor Bithumb’s official announcements for the resumption date. This proactive measure prevents transaction errors during the upgrade. Understanding the Injective Network Upgrade Injective Protocol is a layer-1 blockchain optimized for finance. Network upgrades are routine but critical events. They introduce new features, improve security, or enhance scalability. The upcoming upgrade likely includes protocol improvements or bug fixes. For example, past Injective upgrades focused on increasing transaction speed and reducing costs. The exact nature of this upgrade remains undisclosed by the Injective team. However, such upgrades often require network-wide coordination. Exchanges must temporarily halt services to avoid processing transactions on outdated software. This ensures user funds remain safe and transactions are accurate. Why Exchanges Like Bithumb Halt Services During Upgrades Exchanges suspend deposits and withdrawals for several technical reasons. First, the upgrade may change the underlying blockchain protocol. Transactions sent during the upgrade could fail or be lost. Second, the exchange’s node must update to the new software version. This process takes time and requires testing. Third, halting services prevents any potential fork-related confusion. For example, if the upgrade creates a new token, the exchange needs time to assess and support it. Bithumb’s decision reflects standard industry practice. It prioritizes user asset safety over continuous trading availability. Impact on INJ Traders and Holders The suspension creates immediate practical effects for INJ holders. Users cannot deposit INJ tokens to their Bithumb accounts during the halt. Similarly, they cannot withdraw existing INJ tokens to external wallets. Trading of INJ on Bithumb may continue or also pause, depending on the exchange’s policy. This affects liquidity and price discovery. Traders who need to move tokens urgently must plan before the deadline. The suspension typically lasts from a few hours to a full day. After the upgrade, services resume, and normal operations continue. Holding INJ on the exchange during this period carries no additional risk beyond the temporary lock. Broader Context: Exchange Maintenance and User Experience Exchange maintenance events are common in the crypto industry. Major platforms like Binance, Coinbase, and Kraken regularly perform similar halts. These events ensure network integrity and user security. For users, the key is preparation. Checking the official announcement, noting the exact time, and moving funds if needed are essential steps. Bithumb’s transparency about the timeline helps users plan. The exchange also typically provides updates via its official channels. This includes the Bithumb website and social media accounts. Users should rely only on these official sources for accurate information. Expert Perspective on Network Upgrades Blockchain developers emphasize the importance of such upgrades. They describe them as necessary for network evolution. Dr. Sarah Kim, a blockchain researcher, notes, ‘Network upgrades are like software updates for your phone. They fix bugs and add new features. Exchanges must pause services to ensure a smooth transition.’ This analogy helps users understand the necessity. The temporary inconvenience prevents larger issues later. The Injective team likely communicates directly with exchanges like Bithumb. They coordinate the upgrade timeline to minimize market disruption. What INJ Holders Should Do Now INJ holders on Bithumb have a clear action plan. First, confirm the exact suspension time: 9:00 a.m. UTC on April 28. Second, if you need to deposit or withdraw INJ, do so before this deadline. Third, after the suspension, wait for Bithumb’s official resumption notice. Do not attempt to send INJ transactions during the halt. They will likely fail or be delayed. Fourth, monitor the Injective network’s status through official channels. The upgrade may include a new token or require user action. Stay informed to protect your assets. Comparison: Bithumb’s Approach vs. Other Exchanges Different exchanges handle network upgrades in similar ways. The table below compares common practices. Exchange Action During Upgrade Typical Duration Bithumb Suspends deposits and withdrawals Hours to 1 day Binance Suspends deposits and withdrawals Hours to 1 day Coinbase May suspend deposits and withdrawals Variable This consistency shows industry standardization. Bithumb’s approach aligns with global best practices. Users can expect similar treatment on other platforms. Potential Risks and How to Mitigate Them The main risk during a suspension is the inability to access funds. This can be problematic in volatile markets. To mitigate, avoid keeping large INJ balances on the exchange right before the halt. Consider using a personal wallet for long-term holdings. Another risk is missing the resumption of services. Set a reminder to check Bithumb’s announcements after April 28. The exchange will likely notify users via email or app notification. Staying proactive reduces stress and potential losses. Conclusion Bithumb’s decision to temporarily suspend INJ deposits and withdrawals is a standard, necessary procedure. It supports the Injective network upgrade and protects user funds. The suspension starts at 9:00 a.m. UTC on April 28. Traders and holders should plan accordingly. By understanding the reasons and timeline, users can navigate this event smoothly. The temporary halt ensures a secure and efficient upgrade process. Stay informed through official Bithumb and Injective channels for the latest updates. FAQs Q1: When exactly does Bithumb suspend INJ deposits and withdrawals? The suspension begins at 9:00 a.m. UTC on April 28. Bithumb will announce the resumption time after the upgrade completes. Q2: Can I still trade INJ on Bithumb during the suspension? Trading may continue or pause. Check Bithumb’s specific announcement for trading status. Deposits and withdrawals are definitely halted. Q3: Why does Bithumb suspend services for a network upgrade? It prevents transaction errors and ensures the upgrade processes smoothly. The exchange updates its node software to match the new network version. Q4: How long will the INJ suspension last? Typically a few hours to one day. Bithumb will notify users when services resume. Monitor official channels for updates. Q5: Is my INJ safe on Bithumb during the suspension? Yes. Your funds remain in your account. The suspension only affects the ability to move tokens in or out. Trading may also be limited. Q6: What should I do if I need to move my INJ before the suspension? Complete any deposits or withdrawals before 9:00 a.m. UTC on April 28. After that, you must wait for the resumption of services. This post Bithumb Suspends INJ Deposits and Withdrawals Ahead of Critical Network Upgrade – What Investors Must Know first appeared on BitcoinWorld .

24 Apr 2026, 09:31

Bitcoin Price Stalls Below $78K Despite ETF Surge, Metaplanet Buying

Bitcoin ETFs saw inflows for 8 straight days, indicating strong institutional demand in recent days. According to Bitwise, there has been massive accumulation, with ETFs buying 9x more BTC than mined supply. Even with these positive developments, BTC remains range-bound below $78,000 with sellers capping upside. Bitcoin spot exchange traded funds (ETF) are on fire as the products managed to pull in a great amount of money yesterday, April 23, 2026. According to SoSoValue , Bitcoin ETFs saw an inflow of $223.21 million and this marks the eight day of consecutive inflow. Yesterday, BlackRock’s IBIT led with $167.49 million added in one day. Its total historical inflows now hit $16.75 billion. Ark Invest and 21Shares’ ARKB was next at $71.22 million daily, with lifetime totals at $1.62 billion. Fidelity’s FBTC was the only product that saw an outflow of $16.93 million. Even so, its all-time inflows stand at $11.04 billion. As of now, all Bitcoin spot ETFs hold $102.79 billion in assets. That is 6.59% of BTC’s total market cap. Cumulative net inflows reached $58.21 billion, close to the peak of $62.8 billion. According to André Dragosch , European Head of Research at Bitwise, for the last five trading days, these BTC ETFs soaked up 18,991 BTC. That’s nine times the new BTC supply mined in the same time. Eric Balchunas in one of his tweets stated that in the last few days, weeks, months, more money is going in than coming out, which has not happened in a long-time. This indicates that the sentiment around ETF products have improved. He highlights iShares Bitcoin Trust pulling in $3 billion, which is better than most ETFs ever (top 1%). But he adds a reality check. Even though flows are strong, total lifetime inflows (~62.8 billion) have not broken new highs yet. They still need a couple more billion to reach a new record. Bitcoin ETFs flows are (to quote Steve Winwood) back in the high life.. every single rolling period for we track is now positive, haven’t seen that in months (IBIT’s $3b is in Top 1% of all ETFs). Still tho, need a couple bil more to get back to breaking new ground in cumulative lifetime flows (62.8b). -Eric Balchunas, Senior ETF Analyst for Bloomberg Companies Double Down on BTC Buys Japan’s Metaplanet Inc. is raising ¥8 billion ($52 million) through zero-interest bonds to buy more BTC. These bonds do not pay interest and will be repaid in full next year, showing strong confidence in BTC’s long-term value. The entire issuance is backed by EVO FUND, with no collateral involved. *Metaplanet Issues 8 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC * pic.twitter.com/az8kfL7eeA — Metaplanet Inc. (@Metaplanet) April 24, 2026 At the same time, MicroStrategy made a massive $2.54 billion BTC purchase, reinforcing its position as the largest corporate holder. Despite risks like share dilution, such aggressive buying signals growing institutional belief in BTC as a key treasury asset. Bitcoin Stuck Below $78K Despite Strong Institutional Demand Even though there have been strong developments such as positive ETF inflows and fresh institutional interest like Metaplanet Inc. raising ¥8 billion to buy Bitcoin, the price of the token is still struggling to break above the $78,000 level. This shows that even though there is a demand, sellers are active near resistance, keeping BTC stuck in a range. Bitcoin is currently moving in a tight range, showing no strong direction yet. At press time, the price of the token stands at $77,725.87 with a drop of 0.5% in the last 24-hours as per CoinGecko. BTC 24-hours chart As long as the BTC price stays above the key support zone around $77,000, it may continue to move sideways roughly between $77,000 and $78,600. This means the market is in a pause phase and is waiting for a clear breakout. If the token falls below the $77,000 mark, then it could further drop down to $76,250, which is an important support level. On the upside, a move above $78,600 would signal strength and possible upward momentum. Another important factor is ETF inflows, steady money coming into Bitcoin funds is helping support the price. Overall, the short-term outlook is neutral, with traders watching for a clear move up or down. Also Read: HashKey and ANAP Partner to Jointly Expand Bitcoin Services in Japan

24 Apr 2026, 09:30

Exploiter behind Balancer breach swaps Ethereum holdings for Bitcoin

The Balancer exploiter has started moving funds from their known wallets. The laundering resembles the operations around the KelpDAO hack, using ThorChain for swapping the funds. The Balancer hacker, which may be the same entity as the KelpDAO exploiter, has started moving funds. As in the case of KelpDAO , the hacker used ThorChain for decentralized swapping. While the ThorChain coin movements can be traced, they cannot be censored, as other bridges or DeFi services have done. The Balancer hacker swapped ETH for BTC and sent some of the ETH to an intermediary address . Will the Balancer exploiter affect the market? The Balancer exploiter stole nearly $120M in ETH, leaving the funds to sit idle for five months. The exploiter moved 1,100 ETH in an hour and started converting the coins to BTC. At this rate, the hacker may have a limited effect on ETH prices. ETH still traded just above $2,300, while BTC declined to the $77,700 range. The same technique may be used to launder funds from the Bybit and BTC Turk hacks, which may be controlled by the same hacker group. The decision to buy BTC is unprecedented, as usually, the hackers store their funds in ETH for mixing or in censorship-resistant stablecoins like DAI. ThorChain increases activity ThorChain activity increased to the highest level for the past year. The chain does not work as a mixer, which makes the funds traceable. However, swapping to BTC means a minimal chance of blacklisting wallets or freezing funds. ThorChain activity spiked to the highest level since May 2025, reflecting the swapping of KelpDAO funds and the activation of old wallets from previous exploits. | Source: Dune Analytics . ThorChain carries around $20M in daily swap volumes, but as of April 24, volumes remained elevated at around $70M . Most of the volume is concentrated on the native ThorChain DEX, with almost no activity through ThorWallet swaps and the Ruji Trade DEX. The network does not work as a mixer and does not disguise the origin of funds. However, the liquidity pools cannot be censored, as the team has no right to override block confirmations. The network relies on 95 active nodes , which are entirely permissionless and are not subjected to additional voting or any tools to intercept funds. John-Paul Thorbjornsen explained that initially, ThorChain had admin keys to propose a new network state, but nodes could override that decision. Two teams held the admin keys , but in the end, ThorChain decided to remove the mechanism a year ago. ThorChain became the focus of traders as recent hacks raised the discussion of not allowing hackers to get away with stealing funds. So far, only Arbitrum and several Aave vaults have locked funds to prevent further contagion. For most hacks, the exploiters usually manage to move and launder the funds. ThorChain to add ZCash trading After the recent hacks, ThorChain doubled down on its privacy narrative. The chain has previously stated it will always refuse to intercept funds, even from high-profile hacks. Recently, ThorChain announced it would add native ZCash swapping. Zcash is now enabled on THORChain.⚡️ Trading will begin in the coming weeks as nodes add support and Bifrost scanning goes live. The progressive rollout of native zcash:native swaps on THORChain has officially begun. — THORChain (@THORChain) April 24, 2026 ZCash offers additional security and privacy options, such as veiling transactions. With the addition of ZEC, ThorChain may offer another way to disguise funds through on-chain swaps. Following the news, ZEC rallied from a local low of $316 to $342.32. If you want a calmer entry point into DeFi crypto without the usual hype, start with this free video.

24 Apr 2026, 09:28

Shiba Inu investors surpass 1.57 million after 7 percent weekly jump

🚀 Over 1.57 million investors now hold assets in $SHIB as wallet numbers spike by 10,000 in just days. SHIB’s price jumped over 7 percent in one week, outperforming overall market trends. 🔥 Key point: Long-term SHIB holders have surged 78 percent in twelve months while Shibarium network transactions topped 1 billion. Continue Reading: Shiba Inu investors surpass 1.57 million after 7 percent weekly jump The post Shiba Inu investors surpass 1.57 million after 7 percent weekly jump appeared first on COINTURK NEWS .