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Loopscale, a DeFi protocol on Solana, was hacked on April 26, resulting in a loss of over $5.8 million, equivalent to 12% of its TVL. The cause was identified as a mispricing of RateX-based collateral. The team is actively investigating, working to recover funds and protect users. Previously audited by OShield, Loopscale is undergoing an additional audit by Sec3. This incident adds to the list of major 2025 hacks, alongside Bybit, KiloEX, and Infini. Some platform functions have been restored.

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Alex Gluchowski, founder of ZKsync and CEO of Matter Labs, shared on X that Ethereum is the "World Computer" and still maintains strong product-market fit. While ecosystems like a "decentralized Nasdaq" and "decentralized SWIFT" are emerging downstream, Ethereum remains the true moat. According to Gluchowski, Ethereum lays the foundation for the "Internet of Value," with credible neutrality as its defining feature. If Ethereum maintains this status, value will continue to flow into ETH, whether directly or indirectly. However, just as the Internet doesn’t run on a single server, the Internet of Value won’t rely on a single blockchain. Ethereum’s future lies in being a secure base layer for a vast, decentralized blockchain network — but to succeed, it must play to its core strengths. Source: https://x.com/gluk64/status/1915836319856529762

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According to data from SoSoValue, U.S. spot Ethereum ETFs recorded an impressive net inflow of $104.16 million on April 25, pushing the cumulative net inflow to $2.4 billion. The total net assets of these funds have reached $6.14 billion, accounting for 2.83% of Ethereum’s market cap. Notably, ETHA by BlackRock led the way with a $54.43 million daily inflow, while Fidelity’s FETH attracted $35.94 million. This development highlights growing investor confidence in Ethereum, reinforcing ETH’s position as a leading digital asset.

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Ethereum (ETH) has recovered to the $1,800 mark after spot Ethereum ETFs in the U.S. recorded their first weekly net inflow since February. ETF products led by Fidelity, BlackRock, and Grayscale attracted $157.1 million during the week. ETH is retesting the $1,800 resistance and the 50-day SMA, with a potential breakout if it closes firmly above this level. RSI and AO indicators are signaling bullish momentum, but the Stochastic Oscillator suggests a possible short-term correction. Key support is at $1,688.

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