Arbitrum DAO clears path to transfer $71M in frozen ETH to Aave

Kelp DAO has burned the exploiter’s tokens and outlined a two-week plan to refill rsETH through Aave’s Recovery Guardian multisig wallet.

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

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

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 […]

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