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If Bitcoin falls below $73,000, the mainstream CEX's long liquidation volume will reach $538 million.
BlockBeats News, April 19th, according to Coinglass data, if Bitcoin falls below $73,000, the total long liquidation strength of major CEXs will reach $538 million.
Conversely, if Bitcoin breaks above $77,000, the total short liquidation strength of major CEXs will reach $607 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a stronger reaction due to a liquidity cascade once it reaches that level.
BlockBeats News, April 19th, according to Coinglass data, if Bitcoin falls below $73,000, the total long liquidation strength of major CEXs will reach $538 million.
Conversely, if Bitcoin breaks above $77,000, the total short liquidation strength of major CEXs will reach $607 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a stronger reaction due to a liquidity cascade once it reaches that level.
US Media: Closure of the Strait Reflects Internal Divisions in Iran
On April 19, The Wall Street Journal reported that Iran quickly reversed its position on the reopening of the Strait of Hormuz, exposing the growing rift between the country's political leadership and its military hardliners. Iranian Foreign Minister Amir-Abdollahian announced on Friday that the Strait of Hormuz was 'completely open.' However, this statement quickly provoked a strong backlash within Tehran. A recording obtained by the newspaper revealed that a person claiming to be a member of the Iranian Revolutionary Guard Navy stated via maritime radio that the Strait remained closed and that vessels needed permission to pass. 'We will open the Strait according to our leader's orders, not by believing some childish tweets,' said one crew member, indicating that other vessels were responding to this warning. Around the same time, the Tasnim News Agency, affiliated with the Revolutionary Guard, criticized the Foreign Minister for announcing this policy on social media. The agency stated, 'The Foreign Ministry should reconsider this mode of communication.' Senior hardliner lawmaker Morteza Mahmoudi called for the dismissal of Amir-Abdollahian, claiming that his statement led to a drop in oil prices and handed a gift to the United States.
On April 19, The Wall Street Journal reported that Iran quickly reversed its position on the reopening of the Strait of Hormuz, exposing the growing rift between the country's political leadership and its military hardliners. Iranian Foreign Minister Amir-Abdollahian announced on Friday that the Strait of Hormuz was 'completely open.' However, this statement quickly provoked a strong backlash within Tehran. A recording obtained by the newspaper revealed that a person claiming to be a member of the Iranian Revolutionary Guard Navy stated via maritime radio that the Strait remained closed and that vessels needed permission to pass. 'We will open the Strait according to our leader's orders, not by believing some childish tweets,' said one crew member, indicating that other vessels were responding to this warning. Around the same time, the Tasnim News Agency, affiliated with the Revolutionary Guard, criticized the Foreign Minister for announcing this policy on social media. The agency stated, 'The Foreign Ministry should reconsider this mode of communication.' Senior hardliner lawmaker Morteza Mahmoudi called for the dismissal of Amir-Abdollahian, claiming that his statement led to a drop in oil prices and handed a gift to the United States.
Morpho co-founder: Exposure to rsETH is extremely limited, with approximately 1 million USD worth of ETH borrowed using rsETH as collateral
Foresight News reports that Morpho co-founder and CEO Paul Frambot posted on Twitter regarding the Kelp DAO attack, stating that Morpho smart contracts are secure and operating normally. Out of thousands of isolated markets, only two markets involve rsETH-collateralized lending, totaling about 1 million USD in ETH; among over 500 Morpho Vaults, only two have exposure to these markets. Thanks to the fully isolated market design, all other Vaults remain unaffected, though second-order effects due to the broader ecosystem exposure cannot be ruled out. Meanwhile, Morpho announced the preemptive suspension of MORPHO token transfers via the OFT cross-chain bridge on Arbitrum, which will only resume once the root cause of the rsETH incident is identified.
Foresight News reports that Morpho co-founder and CEO Paul Frambot posted on Twitter regarding the Kelp DAO attack, stating that Morpho smart contracts are secure and operating normally. Out of thousands of isolated markets, only two markets involve rsETH-collateralized lending, totaling about 1 million USD in ETH; among over 500 Morpho Vaults, only two have exposure to these markets. Thanks to the fully isolated market design, all other Vaults remain unaffected, though second-order effects due to the broader ecosystem exposure cannot be ruled out. Meanwhile, Morpho announced the preemptive suspension of MORPHO token transfers via the OFT cross-chain bridge on Arbitrum, which will only resume once the root cause of the rsETH incident is identified.
Morpho CEO: KelpDAO Incident Has Limited Impact on the Platform, But Second-Order Effects May Exist
BlockBeats News, April 19th, Morpho Co-Founder and CEO Paul Frambot stated in a post regarding the recent KelpDAO incident:
· Morpho smart contract security is still operating as expected;
· The exposure is limited, and the curator has taken preventive measures promptly;
· Only about $1 million worth of ETH is borrowed against rsETH, distributed across two isolated markets;
· Out of around 500 Morpho Vaults (with deposits over $10,000), only 2 are involved in these markets, with the final impact depending on the development of the situation;
· Due to Morpho's use of fully isolated market design, all other Vaults remain unaffected.
While the direct impact on Morpho is limited, secondary effects may still exist due to the overall ecosystem exposure. Please remain cautious."
BlockBeats News, April 19th, Morpho Co-Founder and CEO Paul Frambot stated in a post regarding the recent KelpDAO incident:
· Morpho smart contract security is still operating as expected;
· The exposure is limited, and the curator has taken preventive measures promptly;
· Only about $1 million worth of ETH is borrowed against rsETH, distributed across two isolated markets;
· Out of around 500 Morpho Vaults (with deposits over $10,000), only 2 are involved in these markets, with the final impact depending on the development of the situation;
· Due to Morpho's use of fully isolated market design, all other Vaults remain unaffected.
While the direct impact on Morpho is limited, secondary effects may still exist due to the overall ecosystem exposure. Please remain cautious."
0xSun: News-driven trading still holds an advantage, currently prefers to go long on BTC and hedge by shorting altcoins
Odaily reported that trader 0xSun stated that news-driven trading remains one of the strategies with a high cost-performance ratio in the current crypto market, with its core lying in the directionality and volatility brought by events.
He reviewed several recent events, including abnormal trading of Ethereum, Arc fee adjustments, changes in TAO ecosystem, investigations related to RAVE, and KelpDAO security incidents, all of which led to significant price fluctuations in a short period. He believes that participating in such opportunities relies on the speed of information acquisition or the ability to assess the impact of events.
In addition, he noted that with the recent cooling of altcoin markets, he has resumed a strategy of going long on BTC and hedging by shorting some altcoin assets, believing that under weak liquidity and fading narratives, the overall performance of altcoins may come under relative pressure.
Odaily reported that trader 0xSun stated that news-driven trading remains one of the strategies with a high cost-performance ratio in the current crypto market, with its core lying in the directionality and volatility brought by events.
He reviewed several recent events, including abnormal trading of Ethereum, Arc fee adjustments, changes in TAO ecosystem, investigations related to RAVE, and KelpDAO security incidents, all of which led to significant price fluctuations in a short period. He believes that participating in such opportunities relies on the speed of information acquisition or the ability to assess the impact of events.
In addition, he noted that with the recent cooling of altcoin markets, he has resumed a strategy of going long on BTC and hedging by shorting some altcoin assets, believing that under weak liquidity and fading narratives, the overall performance of altcoins may come under relative pressure.
Morpho: Pause of MORPHO's OFT Cross-Chain Bridge on Arbitrum Pending Root Cause Analysis of rsETH Incident
BlockBeats News, April 19th, Morpho announced: "Shortly after the KelpDAO and LayerZero incident, Morpho has proactively suspended the MORPHO token's OFT cross-chain bridge on Arbitrum.
The cross-chain functionality on Arbitrum will remain suspended until the root cause of the rsETH incident is fully understood."
BlockBeats News, April 19th, Morpho announced: "Shortly after the KelpDAO and LayerZero incident, Morpho has proactively suspended the MORPHO token's OFT cross-chain bridge on Arbitrum.
The cross-chain functionality on Arbitrum will remain suspended until the root cause of the rsETH incident is fully understood."
Max Zhou, Business Director at RootData: Transparency is the infrastructure of the new Web3 cycle and is reshaping trust standards in the industry
ChainCatcher reports that at the "Crypto 2026: From Cryptocurrency to Intelligent Economy" themed forum held in Hong Kong, RootData's Head of Business, Max Zhou, delivered a keynote speech titled "Trust as Infrastructure: How Data Transparency is Reshaping the New Web3 Cycle."
Max Zhou pointed out that transparency is no longer an "optional bonus," but rather the entry threshold for institutions, regulators, and users. RootData positions itself as a leading Web3 enterprise data platform, quantifying project information completeness and credibility through funding data, relationship mapping of key figures, and the industry's unique "transparency scoring" system.
He explained that RootData has documented over 9,600 fundraising events, more than 18,000 key industry figures, and rated over 19,000 projects with a five-tier system from A to F, making it an important reference for institutional due diligence and exchange listing evaluations. The platform has established ecosystem partnerships with over 220 institutions, including certain exchanges.
Additionally, RootData has launched a three-dimensional exchange evaluation model (liquidity + asset value + transparency), abandoning the "transaction volume only" standard. Max Zhou emphasized that transparency is becoming the new benchmark in Web3, as indispensable as security audits.
ChainCatcher reports that at the "Crypto 2026: From Cryptocurrency to Intelligent Economy" themed forum held in Hong Kong, RootData's Head of Business, Max Zhou, delivered a keynote speech titled "Trust as Infrastructure: How Data Transparency is Reshaping the New Web3 Cycle."
Max Zhou pointed out that transparency is no longer an "optional bonus," but rather the entry threshold for institutions, regulators, and users. RootData positions itself as a leading Web3 enterprise data platform, quantifying project information completeness and credibility through funding data, relationship mapping of key figures, and the industry's unique "transparency scoring" system.
He explained that RootData has documented over 9,600 fundraising events, more than 18,000 key industry figures, and rated over 19,000 projects with a five-tier system from A to F, making it an important reference for institutional due diligence and exchange listing evaluations. The platform has established ecosystem partnerships with over 220 institutions, including certain exchanges.
Additionally, RootData has launched a three-dimensional exchange evaluation model (liquidity + asset value + transparency), abandoning the "transaction volume only" standard. Max Zhou emphasized that transparency is becoming the new benchmark in Web3, as indispensable as security audits.
The cryptocurrency industry has lost over $600 million in April, with KelpDAO and Drift hacks both exceeding $280 million.
BlockBeats News, April 19th. This month has become one of the most devastating months for the cryptocurrency industry in terms of losses due to hacker attacks. Currently, at least 13 crypto protocols and platforms have been attacked to varying degrees, with total losses exceeding $600 million. The Drift and KelpDAO incidents alone accounted for over $280 million in losses, and several major incidents have been traced back to a North Korea-affiliated hacker group. The key events include:
On April 1st, Solana's largest decentralized perpetual contract trading platform, Drift Protocol, was hacked for approximately $285 million. The on-chain activity started from March 11th when the attacker withdrew 10 ETH from Tornado Cash and lasted for nearly 3 weeks. The actual exploitation on April 1st took around 12 minutes, with most of the funds cross-chain transferred to Ethereum via Circle CCTP within a few hours. This incident marked the second-largest security event in Solana's history, following only the $326 million Wormhole cross-chain bridge incident in 2022.
On April 13th, the blockchain interoperability protocol Hyperbridge was attacked due to a cross-chain proof verification vulnerability, resulting in a loss of approximately $2.5 million. On April 16th, the NEAR ecosystem lending protocol Rhea Finance was attacked, with a total loss of $18.4 million. Also on April 16th, the Russia-related exchange platform Grinex was attacked, resulting in a loss of around $15 million.
On April 18th, the Ethereum liquidity rehypothecation protocol Kelp DAO was attacked, with approximately 116,500 rsETH (worth around $292 million, accounting for about 18% of rsETH's circulation) stolen. The attacker used fake cross-chain messages to trick the LayerZero EndpointV2 contract's lzReceive function into releasing the on-bridge reserves. This event has surpassed Drift to become the largest DeFi hack event of 2026.
BlockBeats News, April 19th. This month has become one of the most devastating months for the cryptocurrency industry in terms of losses due to hacker attacks. Currently, at least 13 crypto protocols and platforms have been attacked to varying degrees, with total losses exceeding $600 million. The Drift and KelpDAO incidents alone accounted for over $280 million in losses, and several major incidents have been traced back to a North Korea-affiliated hacker group. The key events include:
On April 1st, Solana's largest decentralized perpetual contract trading platform, Drift Protocol, was hacked for approximately $285 million. The on-chain activity started from March 11th when the attacker withdrew 10 ETH from Tornado Cash and lasted for nearly 3 weeks. The actual exploitation on April 1st took around 12 minutes, with most of the funds cross-chain transferred to Ethereum via Circle CCTP within a few hours. This incident marked the second-largest security event in Solana's history, following only the $326 million Wormhole cross-chain bridge incident in 2022.
On April 13th, the blockchain interoperability protocol Hyperbridge was attacked due to a cross-chain proof verification vulnerability, resulting in a loss of approximately $2.5 million. On April 16th, the NEAR ecosystem lending protocol Rhea Finance was attacked, with a total loss of $18.4 million. Also on April 16th, the Russia-related exchange platform Grinex was attacked, resulting in a loss of around $15 million.
On April 18th, the Ethereum liquidity rehypothecation protocol Kelp DAO was attacked, with approximately 116,500 rsETH (worth around $292 million, accounting for about 18% of rsETH's circulation) stolen. The attacker used fake cross-chain messages to trick the LayerZero EndpointV2 contract's lzReceive function into releasing the on-bridge reserves. This event has surpassed Drift to become the largest DeFi hack event of 2026.
DaidaiDaiBit: The crypto market itself is highly volatile and immature; participants should bear the corresponding risks themselves.
Odaily reported that trader 带带带比特 stated that the crypto market itself is characterized by high volatility and immaturity, with manipulation and speculation coexisting for a long time. Participants need to bear the corresponding risks themselves.
He pointed out that market funds often switch repeatedly among highly volatile assets. Although some projects are controversial, they continue to receive attention and trading volume. He also believes that regulation and market clearing will affect the market structure, but could also change the current ecosystem landscape.
Odaily reported that trader 带带带比特 stated that the crypto market itself is characterized by high volatility and immaturity, with manipulation and speculation coexisting for a long time. Participants need to bear the corresponding risks themselves.
He pointed out that market funds often switch repeatedly among highly volatile assets. Although some projects are controversial, they continue to receive attention and trading volume. He also believes that regulation and market clearing will affect the market structure, but could also change the current ecosystem landscape.