Huoxing Finance cited Coinglass data showing $326 million in total crypto market liquidations over the past 24 hours. Long positions made up $265 million, while short liquidations totaled $61.57 million. By asset, Bitcoin liquidations included $59.09 million in longs and $6.25 million in shorts. Ethereum saw $61.06 million in long liquidations and $67.2 million in short liquidations. Coinglass also reported 198,137 liquidated traders globally during the period. The largest single liquidation was a $3.18 million position on Hyperliquid ZROUSD.

ME News reported on April 19 (UTC+8) that crypto KOL benmo.eth said the theft involving KelpDAO's rsETH could drive broad changes across DeFi and the Layer 2 landscape. He highlighted six key takeaways: 1) Wrapped assets such as LRTs should not be viewed as comparable in safety to native assets. Lending platforms should not treat them as equivalent when pooling collateral. 2) L0 is likely to surrender part of its cross-chain market share. Assets including USDE and USD0 have already paused cross-chain activity on L0, and even if operations resume, the prior reputational damage may be difficult to reverse. 3) AAVE's perceived "invincibility" has been challenged, putting the security of unified lending markets back under whale-level scrutiny. Each additional collateral type increases risk for existing collateral, a structure benmo.eth argues disadvantages native assets. He expects v4-style upgrades and greater modularization to accelerate. Users are focusing more on lending protocols than platforms or curators, with higher business costs as a result. 4) The cost of attracting TVL on L2 networks is expected to rise further, with some of today's TVL likely rotating back to L1. 5) DeFi may pause aggressive expansion and return to a conservative, security-first posture, while also strengthening defenses against Anthropic Mythos scanning. 6) From a risk-management standpoint, large lending platforms may need to evaluate on-chain delayed withdrawals as a response mechanism for large redemption requests. Source: PANews

REKT: Long positions worth $248 million were liquidated over the past 24 hours.

BlockBeats reported on April 19 that Morpho cofounder and CEO Paul Frambot issued a statement on the recent KelpDAO incident. Frambot said Morpho's smart contracts remain secure and are functioning normally. He added that Morpho's direct exposure is limited and that the relevant curator implemented precautionary measures immediately. According to the post, roughly $1 million worth of ETH has been borrowed using rsETH as collateral, spread across two isolated markets out of thousands on Morpho. Among about 500 Morpho Vaults with deposits above $10,000, only two have exposure to these markets. Frambot noted that the ultimate impact will depend on how the situation develops. He emphasized that Morpho's fully isolated market architecture prevents spillover to other vaults. Still, he warned that secondary effects could emerge through broader ecosystem exposure and urged users to remain cautious.

BlockBeats reported that on April 19, Morpho said it has temporarily paused the OFT cross-chain bridge for the MORPHO token on Arbitrum as a precaution, following recent incidents involving KelpDAO and LayerZero. Morpho added that cross-chain functionality on Arbitrum will remain suspended until the root cause of the rsETH incident is identified.

BlockBeats reported on April 19 that April is shaping up as one of the cryptocurrency industry's worst months for hacking losses. At least 13 protocols and platforms have been attacked in incidents of varying size, with total losses now exceeding $600 million. Two of the largest cases involved Drift and KelpDAO, each suffering losses above $280 million. Investigators have linked several major attacks to North Korea-connected hacking groups. Key incidents include: - April 1: Drift Protocol, Solana's largest decentralized perpetuals trading platform, was hacked for about $285 million. On-chain preparation began March 11 after the attacker withdrew 10 ETH from Tornado Cash and unfolded over nearly three weeks. The exploit itself took 12 minutes, and most funds were bridged to Ethereum within hours via Circle's CCTP. The breach ranks as Solana's second-largest security incident, behind the 2022 Wormhole cross-chain bridge exploit that lost $326 million. - April 13: Cross-chain interoperability protocol Hyperbridge was exploited through a flaw in cross-chain proof verification, with losses of roughly $2.5 million. - April 16: NEAR-ecosystem lending protocol Rhea Finance was attacked, with total losses of $18.4 million. The same day, Russia-related trading platform Grinex was also compromised, losing about $15 million. - April 18: Ethereum liquid staking protocol Kelp DAO was breached, leading to the theft of about 116,500 rsETH valued near $292 million, around 18% of rsETH's circulating supply. The attacker allegedly forged cross-chain messages to deceive the lzReceive function in LayerZero's EndpointV2 contract into releasing bridge reserves. The incident has now eclipsed Drift as the largest DeFi hack of 2026 so far.

Huoxing Finance reported that on April 19, KelpDAO's rsETH was attacked through the LayerZero OFT cross-chain bridge, with losses estimated at about 116,500 rsETH—roughly $292 million. In response, a number of protocols moved to reduce potential spillover risk by suspending related functions or markets. Ethena, Lombard, Euler Labs, TRON DAO, ApeCoin/ApeChain, ether.fi, mETH Protocol, Solv Protocol, MOCA Foundation and River said they have paused their LayerZero OFT cross-chain bridges. The teams stated they have no direct exposure to rsETH and that user funds remain safe, describing the pause as a precaution and expecting services to resume soon. Separately, Aave V3/V4, SparkLend, Lido and Fluid have frozen rsETH-related markets or treasury activity while keeping bridge operations running.

BlockBeats reported on April 19 that KelpDAO's rsETH was exploited via the LayerZero OFT cross-chain bridge, with an estimated 116,500 rsETH lost, worth about $292 million. In response, a number of protocols have paused LayerZero OFT bridging to reduce potential risk. Ethena, Lombard, Euler Labs, TRON DAO, ApeCoin/ApeChain, ether.fi, mETH Protocol, Solv Protocol, MOCA Foundation and River said they have no direct exposure to rsETH and that user funds remain safe. They described the pause as precautionary and said services are expected to resume soon. Separately, Aave V3/V4, SparkLend, Lido and Fluid have frozen rsETH-related markets or treasury activity, while keeping bridging functions unchanged.

Gold rose to $4,878 per ounce on Friday, the highest level since March, notching a fourth straight weekly gain even as broader risk sentiment improved on optimism around an Iran ceasefire. The metal is up 41.64% over the past 12 months and 0.93% over the past four weeks, reinforcing one of 2026's strongest multi-asset runs. Support remains largely structural: renewed U.S.-China tariff friction, a softer dollar, lingering inflation concerns, and increasing expectations that the Federal Reserve will begin cutting rates later this year. CME FedWatch shows about a 68% probability of at least one rate cut before year-end. JPMorgan Global Research expects gold to reach $5,000/oz by Q4 2026, with $6,000/oz possible over a longer horizon. The bank projects combined investor and central-bank demand to average 585 tonnes per quarter in 2026. Silver rallied alongside gold, jumping to $82.52/oz and gaining 4.74% on Friday. SPDR Gold Shares (GLD) has recorded steady weekly inflows since February.