South Korea's progress on Phase 2 virtual asset legislation is facing delays, despite an agreement between ruling and opposition parties to convene a bills subcommittee later this month. According to NS3.AI, the Democratic Party had initially aimed to finalize the government's draft of the Digital Asset Basic Act during a party-government consultation last month. However, this meeting was postponed indefinitely as the government redirected its attention to addressing the U.S.-Iran conflict.

On April 20, Galaxy Securities released a report outlining strategic investment opportunities in China's A-share market. According to Jin10, the report emphasizes three main areas of focus. Firstly, it highlights the importance of technological innovation, self-sufficiency, and industry prosperity, with particular attention to sectors with high performance potential such as power equipment, energy storage, semiconductors, computing power, and communication equipment. Secondly, the report suggests that investors should consider resource sectors benefiting from the positive year-on-year change in the Producer Price Index (PPI) and rising price levels. This includes non-ferrous metals, basic chemicals, oil and petrochemicals, building materials, and steel. Thirdly, the report advises focusing on themes related to energy and alternative demand amid ongoing geopolitical conflicts, as well as defensive sectors like coal, coal chemicals, new energy, finance, and utilities. Additionally, the report notes that the consumer sector is currently undervalued compared to historical levels, with certain sub-sectors offering potential for recovery. It recommends paying attention to agriculture, forestry, animal husbandry, fisheries, food and beverages, and household appliances.

According to on-chain analyst Ember, a whale that previously liquidated $398 million worth of ETH long positions at high levels and made a profit of $68.47 million has re-entered the market today after the pullback. This whale currently holds 44,000 ETH long positions through two wallets, with a total holding value of $100 million and an entry price of $2,289.

Ethereum-based stablecoin platform Reserve is closely monitoring the recent attack on Kelp DAO's LayerZero bridge. According to ChainCatcher, Reserve's official announcement indicates that holders of Reserve DTF are unlikely to be significantly affected by the incident. In the event of a substantial devaluation of rsETH on the mainnet, estimated between 15.5% and 18.5%, there could be potential bad debt for Aave, which might impact Aave V3's USDC collateral. The Reserve protocol's USD3 and eUSD have RSR stakers who may act as 'first loss capital' to provide protection, though the impact is expected to be minimal. The RSR over-collateralization is deemed sufficient to cover any losses. ETH+ and bsdETH are entirely free of rsETH collateral, posing zero risk. As a precaution, Reserve has temporarily paused the minting, rebalancing, and RSR unstaking for eUSD and USD3. Redemption functions remain operational, and users seeking RSR over-collateralization protection are advised to continue holding.

On April 20, a substantial transfer of RAVE tokens was reported. According to BlockBeats On-chain Detection, ZachXBT disclosed that three hours prior, a multi-signature address associated with RAVE's initial allocation, 0x53d7, sent approximately 23 million RAVE tokens to two deposit addresses linked to a centralized exchange (CEX). This transfer was valued at $23 million. Following the transaction, the price of RAVE fell sharply from $1 to $0.6, marking a 40% decrease.

On April 20, Fluid, a DeFi protocol, announced the introduction of the aWETH redemption protocol. According to BlockBeats, the move comes as the utilization rate of ETH on the Aave platform has reached 100%, leaving many borrowers unable to withdraw funds and facing increased risks in the event of market fluctuations. The aWETH redemption protocol offers ETH borrowers the ability to redeem their assets as wstETH or weETH, immediately restore liquidity, and reduce liquidation risks. Users who have only borrowed ETH can fully redeem their assets. For those with ETH collateral and other debts, the collateral will be seamlessly converted to wstETH or weETH, while the debt remains unchanged. Fluid is collaborating with Lido Finance, EtherFi, and other ecosystem partners to aim at reducing systemic risks in DeFi, alleviating usage pressure, and supporting a healthier DeFi market. The protocol has an initial capacity limit of $1 billion in ETH.

The New York Stock Exchange, with a history spanning 233 years, is set to launch a blockchain-based trading platform operating 24/7. According to PANews, this initiative aims to transform the traditional financial system and position the exchange as a leader in the cryptocurrency sector. The move marks a significant shift for the NYSE, traditionally known for its conventional trading practices, as it embraces the innovative potential of blockchain technology.

Ethena announced on its X platform that it will extend the temporary suspension of the OFT bridge due to the lack of a satisfactory root cause analysis regarding the rsETH incident. This move aims to ensure the security of cross-chain asset transfers. Furthermore, Ethena has released new reserve verifications, validated by four independent third-party verification agencies—Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter—confirming that the USDe collateral support ratio remains above 100%. The results are available on the transparency page and dashboard.

Blockchain sleuth EmberCN posted on X that a prominent trader, who recently closed a high-value position for a profit of $68.47 million, has reentered the market following a price correction. The trader has opened a new long position involving 44,000 Ethereum, valued at $100 million, through two wallets. The entry price for this position is set at $2,289 per Ethereum.

Contactless SaaS reveals a completely new software payment paradigm: the retrieval layer shifts from humans to intelligent agents, and the decision-making cost of service selection shifts from human emotions to quantifiable cost-benefit trade-offs.

Polygon's team is actively monitoring the rsETH vulnerability, according to Odaily. The incident has not affected the Polygon Chain, Agglayer, or the broader ecosystem, including Katana and Vaultbridge.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse Morning 8," issue 3032, providing you with the latest and fastest news on the digital currency and blockchain industry.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, mining information, project updates, technological advancements, and other industry dynamics.

The phrase "Audit passed" does not cover the location of that parameter.

This report analyzes Kalshi's rapid growth and the evolving structure of the sports betting market, and compares its pricing, liquidity, and valuation against traditional sports betting companies.

The attacker's real weapon was not the stolen rsETH, but the moment when it was still used as prime collateral on Aave.

The attack on rsETH is just the tip of the iceberg; Aave's collapse was a sanctioned act.

Strait of Hormuz, Trump, Iran, ceasefire "with three days left": Iran re-closes the Strait of Hormuz, Trump urgently convenes "war room meeting" Golden Finance, the two-week US-Iran ceasefire "with three days left," cracks appear on multiple fronts simultaneously.

For nearly two hours, he directly answered various questions about how Nvidia's market value rose to $4 trillion during the era of big data.

A fake news story swindled $292 million: 46 minutes of Kelp DAO's cross-chain bridge being hollowed out.