Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

April 19 — U.S. President Donald Trump discussed the Strait of Hormuz situation and details of an agreement with Iran during talks with Pakistan’s Chief of Army Staff General Qamar Javed Bajwa, per market sources.

April 19 (Wall Street Journal) — U.S. President Donald Trump appears to have lost his “appetite for risk” amid growing anxiety, the Wall Street Journal reported Thursday. Earlier, when told a U.S. aircraft had been shot down in Iran and two pilots were missing shortly thereafter — in the nearly empty White House West Wing — Trump yelled at his aides for hours, repeatedly fuming, “The Europeans didn’t help at all.” People who’ve spoken with Trump say memories of the 1979 Iran hostage crisis have haunted him. After the pilots were rescued, the president again took a gamble, targeting Iran’s biggest leverage: control of the Strait of Hormuz. He then tweeted, “Open up the strait, you fools.” Known for craving dramatic moments, Trump brought his unorthodox, radical approach to potential conflict in even more extreme fashion. He toggled between bellicose posturing and diplomatic outreach, but privately, he fixated on how bad the situation could get. He feared ordering U.S. forces in

April 19: Aave platform data shows USDT borrowing APY spiked to 14.99% and deposit APY jumped to 13.39%. The KelpDAO hacker borrowed substantial amounts of ETH from Aave by collateralizing illegally minted rsETH—likely for hedging purposes—amid urgent withdrawals of over $5.4 billion in assets from the protocol. This massive capital outflow is tied to the sharp surge in Aave’s USDT deposit and borrowing rates.

April 19th: Per HTX data, RAVE plunged below $1, with a 24-hour drop of over 96%. Binance’s RAVE contracts saw their 1-hour funding rate flip from negative to positive, currently at 0.17%. Total 24-hour liquidations for RAVE contracts across all platforms hit $48.62 million, ranking third in the entire network—only behind Bitcoin and Ethereum. Of that total, long liquidations were $26.63 million, while short liquidations totaled $21.99 million.

April 19: RAVE has fallen below $1, trading at $0.98 per HTX data, and is down over 96% in the past 24 hours.

**KelDAO Hack: $2.92B rsETH Stolen via LayerZero Bridge, Aave Responds to Risks** On April 19, multi-chain liquidity staking platform KelDAO was hacked early that morning. The attacker transferred 116,500 rsETH—valued at approximately $2.92 billion—from KelDAO’s LayerZero cross-chain bridge. Roughly 46 minutes later, KelDAO took emergency action: it paused its multisig to freeze core components (including the LRT deposit pool, withdrawal contract, oracle, and rsETH token) and suspended related contracts on its mainnet and several L2 networks. The protocol is conducting root cause analysis with LayerZero and other partners. Two follow-up attacks by the hacker failed, as the pause measures effectively halted further losses. The attacker had attempted to transfer an additional 40,000 rsETH (≈$1 billion); if successful, total losses could have swelled to ~$3.91 billion. ### Aave Impact The Aave token dropped ~10% amid market fears the lending protocol could face defaults. Aav