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2 May 2026, 21:28
KelpDAO and Drift Lead Devastating $650M Crypto Hack Wave of April
April 2026 turned out to be an unusual month for the crypto market. While overall activity remained steady on the surface against significant geopolitical turmoil, the space saw a series of exploits that shook investor confidence. The leading blockchain security firm, CertiK, reported that crypto-related exploits and incidents in April 2026 resulted in total losses of over $650 million. April Hacks The largest incidents were led by KelpDAO, which lost $292 million, followed by Drift Protocol at $285.2 million. The Drift Protocol exploit followed weeks of setup and months of social engineering to gain access to protocol signers. The funds were drained in about 12 minutes. In comparison, the KelpDAO hack stemmed from a single-verifier flaw in a LayerZero bridge, as attackers later moved funds through THORChain after over $70 million was frozen on Arbitrum Other exploits include Rhea Finance at $18.4 million, Grinex at $16.2 million, among others. By sector, DeFi projects saw the highest losses at $609.3 million, while unverified contracts lost $8.5 million, GameFi $3.4 million, bridge-related incidents $2.8 million, and meme-related projects $1.9 million. In terms of categories, wallet compromises accounted for the majority of losses at $611 million, followed by price manipulation at $18.8 million, code vulnerabilities at $16.9 million, phishing at $3.5 million, and front-end attacks at $544.7k. Fewer Attacks, Higher Financial Impact North Korean hacking groups made up 76% of all crypto hack losses in 2026 through April, according to TRM Labs. This was not because they carried out more attacks, but because two major incidents alone caused $577 million in losses, which ended up outweighing all other activity. This pattern of fewer but higher-impact attacks has been typical of North Korea’s strategy since 2017. TRM found that their share of total crypto theft has steadily increased over the years, rising from under 10% in 2020 and 2021 to 22% in 2022, 37% in 2023, 39% in 2024, and 64% in 2025. That jump in 2025 was largely driven by the Bybit breach, where $1.46 billion was taken through a compromised Safe{Wallet} signing interface, which made it the largest crypto hack recorded so far. In 2026, the combined losses from KelpDAO and Drift stand out in a similar way. What remains consistent is the pace of activity, with only a small number of carefully planned operations each year. What is changing, however, is how these attacks are carried out. North Korea’s total crypto theft has now crossed $6 billion since 2017, as per TRM’s findings. Experts believe that these groups may be using AI tools to improve reconnaissance and social engineering for more precise and targeted exploits. The post KelpDAO and Drift Lead Devastating $650M Crypto Hack Wave of April appeared first on CryptoPotato .
2 May 2026, 21:17
XRP Price Analysis: Buy Now or Wait for Ripple to Fall Below $1?
XRP is trading near $1.38, a level that looks increasingly precarious. Now, is the current level a dip worth buying or the beginning of something uglier? XRP price sits 62% below its July 2025 all-time high of $3.65, and our analysis suggests that the current price is at a make-or-break point. Daily active wallet addresses on the XRP Ledger have dropped sharply, from 22,054 twelve months ago to just 13,684 as of late April. A 38% decline in active participation, and new wallet creation is slowing alongside it. XRP Active Wallets, Cryptoquant Trading volumes on XRPL have compressed in tandem , suggesting the network isn’t attracting fresh capital at anywhere near its previous pace. Decelerating adoption during a crypto downturn is precisely the condition that has preceded XRP’s worst historical corrections. The broader market context makes the setup even more delicate. A prolonged risk-off environment has weighed on altcoins disproportionately, and XRP’s historical pattern of violent drawdowns warrants serious consideration. Discover: The best pre-launch token sales XRP Price Analysis: Is a Drop Below $1 Inevitable? XRP is caught in a descending channel with key support identified at $1.20 with the next major support zone sits at $1.00. It’s a psychologically significant threshold that also aligns with where the coin spent the majority of its existence before 2021. RSI conditions appear weak, consistent with a market lacking bullish conviction. Volume has not confirmed any meaningful recovery attempt, which typically indicates sellers remain in control of price discovery at these levels. XRP USD, TradingView Ripple’s ongoing expansion efforts and institutional positioning provide a longer-term floor argument, but near-term momentum is not cooperating. Some analysts project long-term targets of around $10 by 2030 under favorable conditions. That thesis may well prove correct. But entering at $1.38 into a descending channel with declining on-chain activity requires patience and a strong stomach. Discover: The best crypto to diversify your portfolio with Bitcoin Hyper Could Be The Next XRP Watching XRP consolidate 62% off its highs while on-chain metrics deteriorate is a particular kind of frustration. The coin might recover strongly, but the opportunity cost of waiting through that bottom is real. Bitcoin Hyper ($HYPER) is a project drawing attention. Positioned as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, it targets Bitcoin’s three core limitations simultaneously: slow transactions, high fees, and absent programmability. In short, Hyper is delivering sub-second finality and low-cost smart contract execution while inheriting Bitcoin’s security model. The presale has raised somewhere approaching $33 million at a current token price of $0.0136 , with staking available for early participants. At that raised level, meaningful institutional and retail appetite is already present, but the price remains early-stage by any measure. Research Bitcoin Hyper before the presale concludes. The post XRP Price Analysis: Buy Now or Wait for Ripple to Fall Below $1? appeared first on Cryptonews .
2 May 2026, 21:00
Ethereum Foundation Moves 10K ETH In Latest Bitmine Transfer – Details
The Ethereum Foundation has completed another over-the-counter sale of its ETH holdings, this time offloading 10,000 ETH to BitMine Immersion Technologies as the counterparty. The transaction follows a continuing pattern of structured selling that has defined the Foundation’s treasury activity in recent months. Ethereum Foundation Completes Third Deal With Bitmine In an X post on May 1, the Ethereum Foundation reports its latest transaction with Bitmine involving an OTC sale of 10,000 ETH. The announcement explains that proceeds from the sale are earmarked for the Foundation’s core operations, covering protocol research and development, ecosystem expansion, and community grants. 0/ Today, the Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,292.15 via OTC. For this sale, our OTC counterpart was @BitMNR . — Ethereum Foundation (@ethereumfndn) May 1, 2026 Interestingly, this recent event marks the third ETH sale transaction between the two parties. In March, the Foundation sold 5,000 ETH to BitMine at an average price of $2,042.96, worth approximately $10.2 million. A subsequent 10,000 ETH sale followed on April 24 at $2,387, valued at roughly $23.87 million. Combined with the latest deal, the Foundation has now transferred a total of 25,000 ETH to BitMine across three OTC transactions. On the receiving end, BitMine, chaired by Fundstrat’s Tom Lee, has emerged as the most aggressive corporate accumulator of Ethereum globally. The company currently holds over 5 million ETH, representing approximately 4.21% of the entire circulating supply, and has publicly set its sights on reaching 5%. Related Reading: Here’s How The Bitcoin Price Has Performed In The Last 9 FOMC Meetings And What To Expect Next Ethereum Foundation: The Bigger Picture Following criticism of past periodic ETH sales, the Ethereum Foundation introduced an updated Treasury Policy Framework in June 2025 to reduce direct offloads by deploying capital into DeFi protocols and staking ETH to generate alternative income. By April, it had staked approximately $143 million in ETH, reaching its 70,000-ETH staking target. Despite that, direct sales have continued in parallel, with the Foundation’s fiat-denominated reserve requirements creating an ongoing need to monetize holdings regardless of market conditions. The Foundation’s remaining ETH reserves currently stand at approximately 92,500 ETH, valued at around $214 million, and an on-chain analytics firm, Arkham, warns that holdings could be exhausted by 2027 at the current pace. At press time, ETH is trading around $2,290 as May commences, following a roughly 7% monthly gain in April. Meanwhile, the Ethereum Spot ETF has recently recorded weekly net outflows of $82 million, breaking a three-week streak of positive net flows. However, cumulative inflows remain firmly positive at $12.02 billion.
2 May 2026, 21:00
Tesla first to bring Chinese-built cars under new Canada tariff deal
Tesla started selling its cheapest Model 3 ever in Canada this week. Chinese smartphone giant Xiaomi is also getting ready to bring its electric cars to Europe next year. Tesla’s new Model 3 Premium RWD went on sale in Canada for $39,490 Canadian dollars. That’s about $29,000 in American money, the lowest price the electric sedan has sold for in Canada. The cars come from Tesla’s Shanghai factory, not its California plant. This marks the first time since 2024 that Tesla has shipped Chinese-made vehicles to Canada. Back then, Canada slapped a 100% tax on electric cars from China. Tesla switched to American-made models. Those got too expensive when Canada added a 25% tax on US vehicles in early 2025. One Model 3 version hit nearly $80,000 Canadian. Everything changed in January. Prime Minister Mark Carney worked out a deal with Beijing. The tax on Chinese electric vehicles dropped from 100% to 6.1%. But there’s a cap; imports can’t go over 49,000 cars per year. Tesla first to bring Chinese-built cars under new Canada tariff deal The base Model 3 Premium RWD goes 463 kilometers on a charge. Hits 100 kph in 4.2 seconds. Tesla also cut the price on its performance model by 17%. Now $74,990, down from $89,990. That version does 478 kilometers, reaches 100 kph in 3.1 seconds, and tops out at 262 kph. The price gap between the two models is $35,500, almost double the base version. Most people will probably go for the cheaper one. Nearly the same range, decent speed. In the US, the same base model costs $42,490. That’s 31% more than what Canadian customers pay. The difference comes down to where the cars are built and what taxes apply. One catch for Canadian buyers, these Shanghai-built cars don’t qualify for Canada’s $5,000 electric vehicle rebate. The government only gives that money for cars made in countries Canada has trade deals with. China’s not on that list. Still, $39,490 without any rebate is the lowest price Canadians have seen for this car. First deliveries start in May or June Chinese phone maker Xiaomi is making moves toward Europe The company only started building cars in 2024. At the Auto China show in Beijing last month, crowds packed Xiaomi’s booth to see founder Lei Jun show off new models. Xiaomi’s SU7 model got attention in April. Lei Jun drove one from Beijing to Shanghai, about 1,300 kilometers. Stopped once to charge. The whole trip was broadcast online. The company opened a research center in Munich last year, getting ready for Europe . Rudolf Dittrich runs it, a former BMW manager. Working to adjust Xiaomi’s cars to meet European rules and buyer preferences. Germany will likely be the first European country to get Xiaomi vehicles in 2027 . At Xiaomi’s Beijing factory, a new car comes off the line every 76 seconds. The plant uses over 700 robots. More than 90% automation in some areas. Xiaomi’s cars range from 27,000 euros to 38,000 euros. The company sold more sedans in its price range than anyone else in China last year. Wants to deliver 550,000 vehicles across all models this year. Europe’s electric car market grew to 17.4% of new car sales in 2025. Up from 13.6% the year before. The European Union put extra taxes on Chinese electric vehicles, though. They investigated whether China unfairly helps its carmakers. BYD plans to open 20 stores across Canada within a year, starting in Toronto. The import limit grows from 49,000 cars per year now to 70,000 by 2030. The smartest crypto minds already read our newsletter. Want in? Join them .
2 May 2026, 20:54
RUNE Technical Analysis May 2, 2026: Market Structure
RUNE is maintaining the rising HH/HL structure, $0.5057 support is critical. $0.5149 BOS breakout indicates trend continuation, below it signals CHoCH reversal.
2 May 2026, 20:45
Ethereum buyers eye $2,340 amid $8 billion short squeeze risk
🚀 $8 billion in Ethereum shorts are at risk if ETH breaks $2,340. Ethereum is holding near $2,300 with volumes over $7 billion. Continue Reading: Ethereum buyers eye $2,340 amid $8 billion short squeeze risk The post Ethereum buyers eye $2,340 amid $8 billion short squeeze risk appeared first on COINTURK NEWS .
