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The post Aave vote targets $71M in disputed Kelp exploit ETH appeared on BitcoinEthereumNews.com. An Aave vote opening May 15 would transfer 30,765 ETH to Aave LLC as part of the Kelp exploit recovery. Summary A binding Arbitrum Improvement Proposal was launched May 12 with a vote opening May 15 to transfer 30,765 ETH worth $71 million to Aave LLC. A Manhattan federal judge cleared the transfer path on May 9 but preserved the legal claim of terrorism creditors holding $877 million in unpaid North Korea judgments. The 30,765 ETH was frozen by Arbitrum’s Security Council on April 21 after being linked to the $292 million Kelp DAO exploit attributed to North Korea’s Lazarus Group. Aave and other affected parties launched a binding Arbitrum Improvement Proposal on May 12, opening a governance vote on May 15 that would move 30,765 ETH worth approximately $71 million from Arbitrum’s Security Council wallet to an Aave LLC-controlled address. The vote is the final procedural step needed to unb
Read full articleThe court's decision enables Arbitrum DAO to engage in governance, potentially setting a precedent for legal frameworks in decentralized finance. The post Arbitrum DAO clears path to transfer $71M in frozen ETH to Aave appeared first on Crypto Briefing.
Ethereum price started a fresh decline and traded below $2,300. ETH is now consolidating above $2,250 and might struggle to recover. Ethereum started a downside correction below the $2,280 zone. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,320 zone. Ethereum Price Faces Resistance Ethereum price failed to remain stable above $2,320 and started a downside correction, like Bitcoin. ETH price dipped below the $2,300 and $2,280 levels. The price even traded below $2,265. A low was formed at $2,256, and the price is now consolidating losses. There was a minor upward move above the 23.6% Fib retracement level of the downward move from the $2,382 swing high to the $2,256 low. Ethereum price is now trading below $2,300 and the 100-hourly Simple Moving Average. Besides, there is a bear
Ethereum and its broader ecosystem are once again in the crypto spotlight following a recent statement by its founder. The founder has recently publicly declared the ETH network as the leading hub for AI operations, triggering a frenzy across the crypto community. Ethereum At The Center Of the AI Economy Vitalik Buterin, the founder of […]
A federal judge in Wisconsin has found that the Ho-Chunk Nation is likely to succeed in blocking Kalshi from offering sports event contracts on tribal land under the Indian Gaming Regulatory Act (IGRA), in what appears to be the first ruling of its kind against the prediction-market operator. First Federal Court Sides With Tribes in […]
An Aave vote opening May 15 would transfer 30,765 ETH to Aave LLC as part of the Kelp exploit recovery. Aave and other affected parties launched a binding Arbitrum Improvement Proposal on May 12, opening a governance vote on May…
Ethereum whale Garrett Jin moved 577,896 ETH worth $1.35 billion to Binance over four days, per Lookonchain. An Ethereum whale identified as Garrett Jin deposited all 577,896 ETH worth roughly $1.35 billion into Binance over four consecutive days, raising concerns…
ETH futures and options signal quiet confidence among pros despite macro headwinds and DeFi exploits, keeping the $2,600 price target in play.
The post Ethereum (ETH) Sits in a ‘No-Trade Zone:’ Here’s What Will Define the Next Major Move appeared on BitcoinEthereumNews.com. Home » Crypto Bits ETH may continue to underperform if it stays below $2,400, one popular analyst claimed. ‘; } function loadTrinityPlayer(targetWrapper, theme,extras=””) { cleanupPlayer(targetWrapper); // Always clean first ✅ targetWrapper.classList.add(‘played’); // Create script const scriptEl = document.createElement(“script”); scriptEl.setAttribute(“fetchpriority”, “high”); scriptEl.setAttribute(“charset”, “UTF-8”); const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`); scriptURL.searchParams.set(“pageURL”, window.location.href); scriptEl.src = scriptURL.toString(); // Insert player const placeholder = targetWrapper.querySelector(“.add-before-this”); placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling); } function getTheme() { return document.bod
