Aave Unveils rsETH Recovery Plan, DeFi United Successfully Raises Sufficient ETH
April 28 — Aave officially announced its technical plan to restore support for rsETH via social media on Tuesday.
Aave noted that DeFi United has secured sufficient ETH, which was deposited in batches into a cross-chain vault to mint rsETH proportionally, closing the gap. This makes rsETH fully backed by underlying ETH assets, enabling the cross-chain bridge to resume operations safely.
For specific steps:
- Via governance proposals from Aave and Compound, the rsETH oracle price will be temporarily adjusted to trigger controlled liquidations.
- Recovered rsETH will be redeemed for ETH via Kelp’s official process to cover shortfalls in Aave and markets across chains.
- Compound will execute similar steps, with an estimated ~16,776 ETH to be recovered.
- All temporary settings will revert to their original state immediately upon completion.
2 minutes ago
Meme trader CryptoD bought into the SCAM token within 2 minutes of its launch on the futures market, now showing an 80x unrealized profit.
April 28 — Per GMGN monitoring (link: https://t.me/gmgnaibot?start=i_m4TE56o8), Elon Musk repeatedly teased OpenAI CEO Sam Altman as “Scam Altman” on X this morning, sparking an immediate meme coin market frenzy.
The Solana-based meme coin SCAM surged rapidly post-launch, peaking at a market cap exceeding $15 million and now holding around $12 million.
Renowned on-chain meme trader CryptoD (X: @CryptoDevinL) bought 20 SOL (~$15,000) within 2 minutes of SCAM migrating to an off-chain exchange early in its launch, securing 13.1 million tokens.
As of press time, CryptoD has partially sold ~7.3 million tokens for profit. The remaining position still shows an unrealized gain of $67,000, translating to an 8220% ROI. Their current holding represents ~0.57% of SCAM’s total supply.
BlockBeats notes: Meme coin trading is highly volatile, driven largely by market sentiment and hype—not practical value or use cases. Investors should exercise caution amid inherent risks.
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The SEC Seeks Public Comments on NYSE Arca's 85% Asset Rule Proposal, Which Could Impact the Structure of Cryptocurrency ETFs
April 28 — The U.S. Securities and Exchange Commission (SEC) has issued a document soliciting public comments on a rule change proposal submitted by Arca to the New York Stock Exchange (NYSE).
The proposal aims to revise generic listing standards for commodity-based trust shares: it requires at least 85% of a trust’s net assets to consist of assets meeting existing eligibility criteria, with the remaining up to 15% allowed to be allocated to commodities, commodity-related assets, or securities that do not individually meet the criteria.
In the document, the SEC provided an example: if a trust holds eligible digital asset commodities (e.g., Bitcoin, Ethereum, Solana, XRP) alongside a small amount of other digital asset commodities that fail to meet the eligibility rules, it can still satisfy the listing standards so long as the eligible assets hit the proposed threshold.
If approved, the rule could impact the future listing structure design of cryptocurrency and commodity trust
2 minutes ago
5 new addresses withdrew 512,018 DEXE from a CEX, worth $7.52 million
On April 28th, per Onchainlens monitoring, five newly created wallets withdrew 512,018 DEXE tokens from a centralized exchange (CEX) over the past 13 hours—valued at $7.52 million.
2 minutes ago
Solana dominated the DEX spot trading in Q1 2026, capturing a 30.6% market share.
As of April 28, CoinGecko data shows:
- Solana held the top spot in spot trading with a 30.6% quarterly market share, despite a 26.5% drop in trading volume.
- That said, Ethereum overtook Solana in March (27% share vs. Solana’s 26%).
- BSC claimed the No. 2 spot with a narrow lead over Ethereum (24.5% quarterly share vs. ETH’s 23.7%), but its volume decline was steeper. It’s expected to fall to third place in Q2.
Separately, Monad—whose mainnet launched in November 2025 amid a bear market’s early stages—has seen trading volume climb steadily. It now ranks as the 10th most active chain in spot trading, topping Unichain and Optimism.
2 minutes ago
OpenAI Fails to Meet Sales and User Acquisition Targets
OpenAI has missed its self-imposed targets for new user growth and sales, with internal worries mounting that the company may struggle to fund its massive artificial intelligence infrastructure spending, according to a Wall Street Journal report cited by Sentinel Beating (via its Telegram channel at t.me/OneMillion_AI).
Citing people familiar with the matter, the Journal notes OpenAI fell short of its internal goal to reach 1 billion weekly active ChatGPT users by the end of 2025—this as rival Anthropic has gained ground in programming capabilities and the enterprise market. The company has not disclosed the missed milestone, stoking unease among some investors. Additionally, insiders say OpenAI is also facing challenges with subscriber churn rates.
OpenAI Chief Financial Officer Sarah Friar has flagged concerns in executive discussions that the company may not afford its future computing needs if sales don’t ramp up quickly enough. In recent months, she has also expressed reserv
2 minutes ago
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