News linked to both this project and an event.
According to monitoring by PeckShield, the Kelp DAO attacker transferred 30,765 ETH (approximately $70.92 million) to a special address starting with 0x00000, suspected to be a burning action.
According to on-chain analyst Onchain Lens (@OnchainLens), Kelp DAO lost approximately $294 million in the cross-chain bridge exploit. As a result, $ZRO dropped from $2 to $1.40. A whale holding a long $ZRO position on HyperLiquid was partially liquidated, incurring a loss of $2.88 million. The whale still holds the position, with an unrealized loss exceeding $750,000 and a total loss of approximately $28.98 million.
According to CoinDesk, Kelp DAO’s LayerZero-based cross-chain bridge was attacked, with the attacker withdrawing 116,500 rsETH—worth approximately $292 million at current prices, or roughly 18% of its circulating supply. This incident has become the largest DeFi attack of 2026 to date. In response, Aave, SparkLend, and Fluid have frozen rsETH-related markets, and Lido Finance has suspended new deposits into its earnETH product. Kelp DAO stated it is jointly investigating the incident with LayerZero, auditing firms, and external security experts.
RaveDAO responded to recent market concerns regarding RAVE’s price volatility, denying that the team has participated in or driven the token’s price movements and labeling related rumors as false. The DAO emphasized its ongoing commitment to project development. RaveDAO stated that its current strategy is long-term oriented, with plans to enhance incentive alignment between the team and the community through mechanism design—including exploring token lock-up models triggered by price or performance metrics. The team also disclosed that, per its Token Release Schedule (TRS), it will sell portions of already-unlocked tokens at appropriate times to fund operational expenses, global hiring, marketing initiatives, and strategic acquisitions. This statement implies an expectation of sustained selling pressure. Additionally, RaveDAO confirmed its continued allocation of a portion of revenues to public welfare: it has pledged to donate 20% of event profits and a portion of future operational profits to charitable causes. The project reiterated that its core objective is to build an on-chain entertainment and music ecosystem and drive Web3 user growth—not short-term price performance.
According to the official announcement, JustLend DAO has officially completed its third JST token buyback and burn today. A total of 271,337,579 JST tokens were burned, representing a value of approximately $21.3 million; the tokens have been sent to the burn address. The funds for this burn were sourced from the protocol’s net earnings in Q1 2026 and accumulated prior earnings. As of April 16, 2026, the cumulative number of JST tokens burned has reached 1,356,228,332, accounting for 13.70% of the total supply. JustLend DAO will continue executing quarterly buyback-and-burn operations and regularly publish progress updates transparently to the community, jointly driving value empowerment.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), Sun Yuchen deposited 300 million JST tokens to the HTX exchange one hour ago, valued at approximately $22.8 million. JST is the native governance token of JustLend DAO, TRON’s lending platform. This marks Sun Yuchen’s first JST-related activity in a month.
The Aave DAO has approved a governance proposal to provide Aave Labs with a total grant of $25,000,000 in stablecoins and 75,000 AAVE tokens, the latter vesting linearly over four years. The grant includes: 5 million units of aEthLidoGHO flowing from the Collector Contract within six months; 15 million units of aEthLidoGHO flowing from the Collector Contract within twelve months; and 75,000 units of AAVE flowing from the Ecosystem Reserve within forty-eight months. The proposal stipulates that any unspent funds remaining after the twelve-month grant period will be returned to the DAO treasury or otherwise disposed of per subsequent governance decisions.