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Circle Ventures, Consensys, and Joseph Lubin announced their support for the DeFi United initiative, aimed at mitigating the losses caused by the Kelp DAO vulnerability. Circle Ventures is supporting the ecosystem by purchasing AAVE tokens. Consensys and Ethereum co-founder Joseph Lubin confirmed that they will provide 30,000 ETH to DeFi United. Currently, DeFi United has raised over 132,000 ETH, with a total value exceeding 300 million dollars.The related funds will be used to compensate for the bad debts caused by attackers minting uncollateralized rsETH through the LayerZero bridge and borrowing assets on Aave. Previously, Aave proposed to donate 25,000 ETH, while Lido DAO, Ether.fi, and Kelp also proposed or committed to donate 2,500 ETH, 5,000 ETH, and 2,000 ETH, respectively.

According to Bloomberg, Bill Ackman's closed-end fund Pershing Square USA (PSUS) and alternative asset management company Pershing Square (PS) are conducting an initial public offering, expected to raise approximately $5 billion, which is at the lower end of the previous target range of $10 billion.This amount includes $2.8 billion from a private placement disclosed to the U.S. Securities and Exchange Commission. About 85% of this issuance has been subscribed by institutional investors, with the book-building process scheduled to close at 4 PM New York time on Monday and pricing set for April 28. Pershing Square USA will charge a 2% management fee and will not take performance fees, while Pershing Square will have its voting rights controlled by Ackman and the core management team.

According to Jinshi reports, economists at UniCredit Bank stated in a report that the European Central Bank is likely to keep interest rates unchanged this week, but is expected to raise rates by 25 basis points in June and September.They pointed out that, assuming the economy does not encounter problems, the likelihood of future rate hikes is greater than that of no hikes. The European Central Bank will release its latest macroeconomic forecasts in June to more accurately assess the risks to price stability.

Jupiter Lend announced that the borrowing limit for JLP/JupUSD has been increased from 25 million USD to 40 million USD, adding 15 million USD in capacity available for use.

The DeFi United ecological rescue initiative led by Aave is ongoing. The Arbitrum DAO has released 30,765 ETH that was frozen after the rsETH incident on April 18. The designated donation address has accumulated a total of 100,360 ETH to address the collateral asset gap caused by the rsETH incident on April 18.The plan aims to restore the rsETH backing assets through multi-party collaboration, stabilize the market, and prevent the spread of bad debts across protocols. The funds will be used to support the recovery of collateral rates and gradually promote market normalization in conjunction with relevant protocols.Current major commitments or participants include: Arbitrum DAO releasing 30,765 ETH frozen after the rsETH incident on April 18, Mantle proposing to contribute 30,000 ETH, AaveDAO proposing to contribute 25,000 ETH, Aave founder Stani Kulechov confirming to provide 5,000 ETH, EtherFi proposing to provide 5,000 ETH, Lido proposing to provide 2,500 stETH, Golem Foundation and related projects totaling 1,000 ETH, among others. Additionally, LayerZero, Ethena, FraxFinance, InkFoundation, and others have also confirmed participation, but specific amounts have not yet been disclosed.It should be noted that the progress of this rescue still relies on several external key conditions, including KelpDAO restoring rsETH redemptions and the Arbitrum security committee releasing frozen assets. The overall recovery time and effectiveness remain uncertain.

According to Caijing magazine, the AI large model company DeepSeek is in talks with Tencent and Alibaba for financing, with the two investors expected to invest a total of $1.8 billion, valuing this round of financing at approximately $20 billion. The transaction plan has not yet been finalized, and DeepSeek, Tencent, and Alibaba have not publicly confirmed it.Sources in the transaction revealed that the main reason for DeepSeek's open financing is the recent serious talent loss. Several core researchers have left one after another to join ByteDance, Tencent, Xiaomi, and the autonomous driving company Yuanrong Qihang. Meanwhile, competitors Zhiyu Technology and MiniMax have listed on the Hong Kong Stock Exchange, and the Dark Side of the Moon has completed three rounds of financing in the first three months of this year, with a valuation more than quadrupling since the end of last year.Tencent and Alibaba's investment in DeepSeek will help diversify risks in the AI sector and deepen cooperation between the two parties at the model and product levels.

The DeFi United coordinated rescue operation led by Aave service providers after the rsETH incident on April 18 has raised a total of $161.53 million (approximately 69,618 ETH). The plan aims to help restore the collateral backing of rsETH that was damaged due to the Kelp DAO bridging attack and improve liquidity in multi-network markets.The main participants/committers currently include: Aave founder Stani Kulechov personally committing 5,000 ETH; EtherFi proposing to contribute 5,000 ETH; Lido Finance proposing to contribute up to 2,500 stETH; Golem Foundation contributing 1,000 ETH. In addition, several protocols such as Mantle, Ethena, Ink Foundation, LayerZero, Tydro, and BGD Labs have publicly participated or expressed support.

According to market news, SpaceX is expected to go public in June, potentially surpassing Saudi Aramco's $29 billion fundraising record to become the largest IPO in history. Meanwhile, OpenAI and Anthropic also plan to go public in the second half of this year, with the three companies expected to collectively attract over $240 billion in funding, likely marking a significant turning point for liquidity changes in the cryptocurrency market.Market analysis suggests that these super IPOs may significantly withdraw liquidity from risk assets, while the cryptocurrency market is in the same pool of funds. As mainstream cryptocurrencies like Bitcoin and Ethereum have been highly correlated with Nasdaq and U.S. stock market risk appetite in recent years, a large amount of capital shifting towards subscribing to tech giants' IPOs may weaken the buying support for BTC, ETH, and altcoins.

According to official news, the first phase of Gate's Pre-IPOs project SpaceX (SPCX) has raised nearly $395 million.At the same time, users participating in the GUSD liquidity pool staking can also enjoy an annualized return of approximately 2.9%, further enhancing the efficiency of capital utilization. In terms of price, the subscription price for the SPCX IPO is $590, and the pre-market quotation has now risen to $600.99.

AI laboratory Sooth Labs, founded by former Meta employees, is raising approximately $50 million in funding, led by Felicis Ventures, with a post-money valuation of about $335 million.The company plans to develop AI models to predict the likelihood of specific geopolitical events and market events, providing related capabilities to enterprises. Sooth Labs has also received support from Yann LeCun and Google Chief Scientist Jeff Dean, with Meta Chief Technology Officer Andrew Bosworth serving as an advisor.

Circle Chief Economist Gordon Liao initiated a proposal on the Aave governance forum, suggesting an emergency adjustment to the USDC interest rate parameters in the Aave V3 Ethereum main pool to address the situation where the pool's utilization rate has remained at a very high level of 99.87% for four consecutive days following the KelpDAO attack incident.Liao stated that Aave's current interest rate mechanism has failed to effectively "clear" the market. The current supply of the pool is $1.89 billion, with the borrowing amount also at $1.89 billion, and available liquidity is less than $3 million. The borrowing interest rate remains at the upper limit after the inflection point (around 14%), and over the past 24 hours, the pool size has shrunk by about $60 million—this is due to repayment funds being used one by one to meet the withdrawal demands in the queue.Therefore, the Slope 2 parameter in the USDC deposit interest rate curve should be immediately increased from about 10% to 40% through the Risk Steward mechanism, and further confirmation to raise the target to 50% should be achieved through governance voting within 5 to 7 days. Meanwhile, the optimal utilization will be adjusted down from 92% to 87% during the transition phase, and after final confirmation, it will be reduced to 85%. According to Liao's proposal, under the new parameter settings, when the utilization rate reaches 100%, the maximum USDC deposit interest rate will increase from about 12.6% to 48.2%.

According to Bloomberg, cryptocurrency venture capital firm Blockchain Capital is simultaneously raising two new funds, with a total target size of $700 million, namely its seventh early-stage fund and its second growth fund.Insiders revealed that the firm has begun deploying some of the newly raised capital, and the entire financing round is expected to be completed within five to six months.

According to BBX data, yesterday Cantor Fitzgerald raised the target prices for multiple cryptocurrency concept stocks on the same day, but stock prices remained generally under pressure. The core dynamics are as follows:Cantor Fitzgerald analyst Ramsey El-Assal released a research report on April 21, maintaining an "Overweight" rating for Strategy, Inc. (NASDAQ: $MSTR), Robinhood Markets, Inc. (NASDAQ: $HOOD), and Block, Inc. (NYSE: $XYZ), and raised the target prices to $212 (from $192), $110 (from $95), and $88 (from $78), respectively. El-Assal stated that the market is viewing the Q1 earnings report as "rearview mirror data" and is shifting attention to forward-looking growth drivers such as market predictions and tokenization. Despite the collective increase in target prices, the three stocks closed down approximately 2.78%, 4%, and 2% yesterday, reflecting the dual impact of macro sentiment suppression and geopolitical uncertainty.Circle Internet Group, Inc. (NYSE: $CRCL) closed yesterday (April 21) at about $97, with a decline of approximately 4.6% on the day, corresponding to a market capitalization of about $24 billion; the stock's 52-week low was $49.90 (on February 5), and it has rebounded approximately 95% from that low; Q1 2026 earnings report is expected to be released on May 11, with consensus revenue expectations for Q2 at about $718 million.

Etherealize has released the latest report, adjusting the long-term price expectation for Ethereum (ETH) to $250,000.This prediction is based on a core assumption: if ETH can acquire a "monetary premium" like gold and Bitcoin, occupying a place in the approximately $31 trillion value storage market, its price will reach this level. The report argues that ETH has unique properties historically, being not only a value storage tool but also a "yield-generating asset," distinguishing it from traditional asset forms.

Kevin Warsh stated at the Senate hearing that digital assets "have become a part of the U.S. financial system" and supports their inclusion in the financial system to provide more opportunities and protections for investors.This statement is seen as a signal of a relatively open policy towards the cryptocurrency industry should he become the chairman of the Federal Reserve. Warsh has previously referred to Bitcoin as "an important asset that aids in policy-making." However, Elizabeth Warren expressed concerns during the hearing, mentioning risks such as "shadow accounts" in the crypto space, emphasizing the need for enhanced regulation and prevention of abuse.

According to Jinshi reports, strategists at JPMorgan Chase have stated that the renewed enthusiasm for artificial intelligence technology will drive the U.S. stock market to exceed expectations this year. The bank has raised its annual target for the S&P 500 index to 7,600 points, up from 7,200 points last month. On Monday, the S&P 500 index closed at 7,109 points, indicating an increase of about 7% still to come. The strategists' optimistic forecast is based on a more favorable outlook for the technology and artificial intelligence sectors.

According to Jinshi News, JPMorgan has raised its S&P 500 index target for the end of 2026 to 7,600 points, up from the previous target of 7,200 points.

According to Jinshi reports, European Central Bank President Lagarde stated that if extensive fiscal support is implemented, it will force the European Central Bank to further raise key interest rates.

According to CoinDesk, the liquidity re-staking protocol Kelp DAO has raised objections to LayerZero's investigation report regarding the previous $290 million rsETH bridge attack incident.Kelp DAO claims that the single-validator (1/1) configuration that led to this attack was not a choice made in disregard of recommendations, but rather the default setting in LayerZero's official guidelines, and the validator network (DVN) exploited by the attacker is part of LayerZero's own infrastructure.The attack resulted in the theft of 116,500 rsETH, worth approximately $290 million. Security researchers pointed out that LayerZero's publicly deployed code defaults to a single-source validation configuration across networks such as Ethereum, Binance Smart Chain, Polygon, Arbitrum, and Optimism.LayerZero subsequently responded that it will stop signing messages for any applications using a single-validator setup and will enforce a security migration.

According to five sources familiar with the Bank of Japan's thinking, it is unlikely that the Bank of Japan will raise interest rates next week. The diminishing hope for a quick end to the Middle East conflict has left Japan's economic and price outlook still full of uncertainty. Although the final decision still carries some uncertainty and will depend on the progress of peace negotiations between the U.S. and Iran, the aforementioned sources stated that the central bank is inclined to maintain the status quo this month to allow more time to assess the impact of this conflict.One source said, "Given the current level of uncertainty, the Bank of Japan may consider it feasible to maintain the status quo this month." Another source expressed the same view. A third source stated that the Bank of Japan is unlikely to raise interest rates because the market has already fully priced in the possibility of no rate hike this month. These sources indicated that even if the Bank of Japan keeps interest rates unchanged next week, given the escalating inflationary pressures, the bank is likely to signal its readiness to raise rates as early as June.