Court Lets Arbitrum DAO Transfer $71M in ETH Tied to North Korea Hack to Aave

The post After the $16.5 billion in exploits, DeFi is now being forced toward the controls it once resisted appeared on BitcoinEthereumNews.com. Make CryptoSlate preferred on The rsETH crisis resulted in $200 million in bad debt on Aave’s books, despite not a single line of its contracts misbehaving. On Apr. 18, attackers that Chainalysis preliminarily linked to Lazarus compromised RPC infrastructure, forced a failover to poisoned nodes via DDoS, and injected false data into a 1-of-1 DVN configuration on KelpDAO’s rsETH bridge. The forged message released approximately 116,500 rsETH, and Aave’s incident report confirmed that Ethereum accepted nonce 308 while the Unichain source endpoint never advanced past 307. The attacker supplied the compromised rsETH to Aave and borrowed against it, resulting in bad debt and serving as a frame for the current state of DeFi’s security. Exploiters extracted over $635 million across 28 incidents in April, the worst monthly total in over a year. DefiLl

The post Ethereum Faces Continued Challenges in the Cryptocurrency Arena appeared on BitcoinEthereumNews.com. Ether (ETH), the native cryptocurrency of Ethereum, has suffered significant losses against Bitcoin (BTC) over the past year, seeing a decline of more than 35 percent. Experts predict this trend may continue, potentially ushering in another correction phase for ETH/BTC. Continue Reading:Ethereum Faces Continued Challenges in the Cryptocurrency Arena Source: https://en.bitcoinhaber.net/ethereum-faces-continued-challenges-in-the-cryptocurrency-arena

Crypto companies are upgrading wallets to counter the coming quantum computing threat, but gaps remain.

Ethereum’s ongoing downtrend against Bitcoin mirrors the bearish structure seen in 2024–2025, raising the risk of another 40% decline.

The post USDT On Ethereum Sees Largest Exchange Outflow Since February — Details appeared on BitcoinEthereumNews.com. Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part – in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Ope

According to the latest on-chain data, the Ethereum-native iteration of USDT, the world’s largest stablecoin, has just witnessed its largest exchange outflow in recent months. 1.29 Billion USDT Flow Out Of Crypto Exchanges In a May 9th post on the X platform, blockchain analytics firm Santiment revealed that USDT on the Ethereum network recently recorded its largest flow out of exchanges in months. Around 1.29 billion stablecoins (the highest since February) were transferred out of exchanges on Friday, May 8th. This on-chain observation is based on the change in the Exchange Flow Balance indicator, which measures the net amount of tokens moving into and out of centralized exchange addresses. Related Reading: This 1 Chart Explains Why Bitcoin Is Winning And Ethereum Is Losing Right Now A spike in the Exchange Flow Balance metric indicates that more tokens (USDT, in this case) are flowing to centralized exchanges. On the other hand, when the indicator declines, it suggests that investors

The post Why Analysts Believe Ethereum Can Reach $15,000 This Cycle appeared on BitcoinEthereumNews.com. Ethereum is trading just above $2,330, a price that, on the monthly chart, is sitting just above within a long accumulation zone. However, recent market dynamics show that Ethereum is destined for far higher prices than $2,300 this cycle, and this is not only about traders waiting for another rotation into ETH. The outlook is that the Ethereum price will cross above $10,000 this cycle based on factors that are turning Ethereum into a base layer for regulated on-chain markets. Wall Street To Push Ethereum Price To $15,000 According to a crypto analyst that goes by the name Crypto Patel on X, Ethereum is going to trade somewhere between $10,000 and $15,000 this cycle, and there are about 10 reasons why this is going to happen.  His price prediction is based on the idea that Ethereum is no longer being controlled only by retail speculation or short-term market sentiment. Instead, the n

The opening days in May have been accompanied by a rise in Ethereum on-chain activity. In a recent post on X, a pseudonymous analyst Darkfost dives into the intricacies of this activity and its impact on price. Related Reading: Ethereum Is Going Up While Shorts Are Piling In: Find Out What Usually Follows Binance Records Massive Ethereum Inflow According to Darkfost, the resurgence of activity on the Ethereum network corresponds with the sideways movement of the second-largest cryptocurrency, trading between $2,250 and $2,450. Further details of this recent activity surge show that Binance has seen multiple large hourly ETH inflow spikes since the beginning of May. The three largest of these Ethereum transfers to Binance were reported as follows: on May 6, about 216,152 ETH, worth approximately $511 million, was transferred to Binance. Although smaller in comparison, on May 8, 98,552 ETH valued at $224 million also entered Binance. A larger number of transfers was also observed on May