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🚨PANIC Hits Crypto!!🔥👀 Interview w/@HugoPhilion @FlareNetworks WATCH NOW👉https://t.co/RwQizShfOM $ETH $AAVE $XRP $FLR https://t.co/8JRkINJg3A

Update on rsETH incident: @LlamaRisk has published a report outlining the rsETH incident, the immediate actions taken, its impact on Aave, and potential paths forward. All service providers have been working to assess the two potential bad debt scenarios on the Aave protocol. Aave DAO service providers are also leading an effort with ecosystem participants to address any bad debt. This effort already has several indicative commitments from various parties and we are grateful for the strong support we have received so far. We will share further updates as we have them. In the meantime, the full report can be read here: https://t.co/jy3BHZCa7b

#XRP - THE RED LINE - Keep An EYE On the RED EYE: Thank You @DigPerspectives For Sharing "#XRP CHART - #XRP THE RED CHART 🔴" https://t.co/bDC91NvfyW

aave report mentions two “bad debt handling proposals”: 1. Everyone shares the burden plan: All rsETH holders share the loss, roughly each rsETH depreciates about 15%, total bad debt about $124 million. 2. Only let L2 chains bear the plan: Only rsETH on Arbitrum, Base, Mantle L2 chains bear the loss, on L2 it would depreciate 73%, total bad debt could reach $230 million, while the mainnet L1 is basically unaffected. After reading, the feeling is that both proposals are terrible, detrimental to DeFi's long‑term development and confidence recovery: Plan one would cause innocent ordinary rsETH holders (many are regular staking users) to lose money without cause; it deals a big blow to DeFi trust, people will feel “assets could be diluted at any time”, and it doesn't help Aave itself unless it wants to quit. Plan two subjects L2 users to “targeted slaughter”, making people lose confidence in Aave’s multi‑chain deployment; the L2 ecosystem would be heavily damaged, indirectly affecting the whole L2 narrative; Aave’s TVL and reputation on L2 would also suffer. Best solution: Aave + Layerzero + Kelp DAO pool funds to cover the bad debt, even other LRT projects and stablecoin issuers could join to share the burden. Only by doing this can confidence gradually stabilize.

Some RWA Foundation members & what they unlock onchain: @MuDigitalHQ - Asian credit markets @onrefinance - reinsurance yield @PreStocks - pre-IPO equities @plumenetwork - purpose-built RWA L1 @etherfuse - sovereign bonds @IxsFinance - RWA settlement layer https://t.co/Wq9vlTP5Th

Both $punk and $unc airdropped their holders punk airdropped 50% of supply to 4k CryptoPunks holders (125k tokens each) unc airdropped 33.85% to 2k+ solana traders Punk ath: $20m unc ath: $25m Guess what, it took less than 24 hours for punk holders to dump the chart while it took unc about 2-3 days before it got dumped It seems like OG eth traders are more about capital preservation They didn't hold for long before dumping their tokens. Unc traders on the other hands acted like real degens ( they sold some, rebought dips, raided and kept volume high for 2–3 days)

Vitalik yesterday at Hong Kong Web3 Carnival, appeared on stage to speak. Saw a brilliant comment on video platform: you thought he was about to take off, but he did a deep squat. https://t.co/8vewlBycnD