BTC encounters resistance at the $80,000 mark three times, while HYPE signals a new high with signs already appearing | Special Analysis | Bee Network
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Author | Azuma (@azuma_eth) The Aave bad debt saga that has been brewing for over a week is finally drawing to a close. With DeFi United having raised sufficient funds to resolve the issue (132,704 ETH, worth approximately $302 million, as of writing), Aave officially released a technical implementation plan on April 28 at noon to restore the collateral status of rsETH and resume normal market operations. Odaily Note: For background, please refer to DeFi loses another $292 million; is even Aave now unsafe?; The $290 million trilemma: Aave, L0, Kelp – who pays?; Aave is foolishly surrendering its DeFi lending throne. Background Recap The details of how Kelp DAO lost 116,500 rsETH need no further elaboration. The key lies in the post-theft flow of the stolen funds. After the…# Analysis# bitcoin# MarketPre
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