Note: The X account is not owned by the original Enron entity. Users should be aware of the risk.

On April 21, Lido said in a social media post that its EarnETH treasury was hit by a theft of 116,500 rsETH (roughly $292 million) via the Kelp DAO cross-chain bridge on April 18. EarnETH holds around $21.6 million in rsETH/ETH leveraged positions on Aave, accounting for roughly 9% of the treasury’s total assets. The EarnETH team is actively deleveraging to reduce risk, with the outcome dependent on Kelp, LayerZero, and Aave’s final decisions on loss sharing and default handling. Lido added that EarnETH has a $3 million “first-loss protection mechanism” funded by the Lido DAO treasury, which will cover losses if needed. The treasury has temporarily paused redemptions to assess the damage. This incident does not impact stETH or wstETH, as Lido’s core staking protocol was not involved.

April 20: OpenAI has suffered a major outage, with users currently unable to access ChatGPT, Codex and its API services, per market sources.

On April 20th, on-chain analyst Ai Auntie (@ai_9684xtpa) reports that Justin Sun withdrew 55.01 million USDC from HTX just 5 minutes ago, then deposited the funds into Spark. Since his suspected default on Aave, he has cumulatively deposited $179 million worth of assets into the platform.

April 20 — Iranian President Ebrahim Raisi said Iran has deep historical mistrust of the U.S. government. Mixed, negative signals from American officials send an unwelcome message: they’re trying to force Iran to back down. The Iranian people won’t bow to force.

April 20th — Two senior Iranian officials familiar with the plan told The New York Times that an Iranian delegation will travel to Islamabad on Tuesday local time for talks with the U.S. The officials added that if U.S. Vice President Vance attends the talks, Iranian Parliament Speaker Kalibaf will also be present.

April 20th — Per Bitget market data, crypto-related stocks posted steeper declines during U.S. trading hours, while major U.S. indices saw modest drops: - Dow Jones Industrial Average: -0.3% - S&P 500: -0.51% - Nasdaq: -0.84% Crypto-related stocks (decline figures): - Coinbase (COIN): 1.27% - Circle (CRCL): 5.93% - MicroStrategy (MSTR): 2.68% - Gemini (GEMI): 4.57% - Bitmine (BMNR): 4.79% - SharpLink Gaming (SBET): 7.26% - Bit Digital (BTBT): 2.53% - ALT5 Sigma (ALTS): 5.1% - American Bitcoin (ABTC): 3.42% - Kindly MD (NAKA): 9.32% - Solana Co (HSDT): 4.25%