U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

On May 7, Aave announced it has completed the liquidation of the remaining rsETH position held by the Kelp DAO attacker. The associated collateral will be transferred to DeFi United’s Recovery Guardian multisig wallet to replenish the rsETH reserve and compensate affected users. This liquidation is a key step in the $292 million Kelp DAO attack recovery plan. Earlier, the Aave community approved a governance proposal to temporarily adjust the rsETH oracle price, making the attacker’s position undercollateralized and triggering liquidation. Aave noted all related parameters will be fully restored post-liquidation, with no long-term impact on the protocol. The incident began on April 28, when an attacker reportedly tied to North Korea exploited a cross-chain bridge vulnerability in LayerZero-based Kelp DAO to fraudulently mint roughly 116,500 unbacked rsETH on Ethereum. The attacker then cashed out ETH via lending protocols including Aave and Compound. Following the attack, the DeF

On May 7, Lookonchain data shows four wallet addresses—potentially linked to Paradigm Capital—deposited 11,615 ETH to FalconX three hours ago, with the transaction valued at roughly $27.29 million.

Wednesday, May 7 (local time in Israel) — Israeli forces launched an airstrike on the southern outskirts of Beirut, Lebanon’s capital. This is the first Israeli strike on Beirut targets since the April ceasefire agreement. Israel said the operation targeted a commander of Hezbollah’s elite “Radwan Force” — the group’s core special operations unit with cross-border infiltration capabilities, long a key Israeli strike target. While some media reported the commander was killed, neither the Israeli military nor Hezbollah has officially confirmed his death. Israeli Prime Minister Benjamin Netanyahu and Defense Minister Benny Gantz jointly announced the operation. The airstrike is seen as a direct challenge to the U.S.-mediated Lebanon-Israel ceasefire, which took effect April 17. Iran previously stated “Israel halting strikes on Lebanon” was a critical prerequisite for advancing U.S.-Iran talks. Border tensions between the two sides continue to escalate: Hezbollah has fired rock

On May 7, per Bitget market data, the Nikkei 225 Index has broken above 61,000 points for the first time, last trading at 61,735.29—hitting a new all-time high.

May 7 — Per CNN, a source says Iran is expected to submit its response to the U.S.-proposed peace deal to mediators on Thursday. Iran has been reviewing the U.S. proposal, the source noted, with both sides working toward a peace agreement. (Forexlive)

May 7—American Bitcoin (ABTC), a Bitcoin mining firm backed by Eric Trump (son of former President Donald Trump), released its latest financial report Tuesday. The company posted a loss for the second straight quarter, but the shortfall narrowed from the prior period thanks to growth in its Bitcoin mining revenue. ABTC improved its financial performance amid the current crypto market downturn by boosting mining operational efficiency, reports show. Still, the firm’s results remain heavily tied to Bitcoin’s price swings. Previously, ABTC saw a sharp stock price drop amid a crypto market correction. In Q4 2023, ABTC reported a loss of roughly $59 million, with its stock price plunging ~90% from its peak. Founded by Hut 8 with support from Eric Trump and Donald Trump Jr., ABTC is viewed as a key piece of the Trump family’s crypto business.