CoinDesk reported that Aave's DeFi United relief fund has secured $303 million to cover losses tied to the Kelp DAO vulnerability, which created a $292 million hole. By fully backstopping the shortfall, the raise could reduce forced selling pressure across impacted DeFi protocols. Polymarket pricing was unchanged after the announcement: the market for Ethereum reaching $10,000 by December 31, 2026 still implies a 4% "Yes" probability. The contract remains illiquid, with $694 in daily volume by face value but only $28 of USDC actually traded. A five-point move would require about $1,022, making the odds highly sensitive to a single large order rather than broader sentiment. The relief effort is backed by donors including Lido and Consensys, signaling that major DeFi players are prepared to socialize losses from the attack. Even so, the commitment has not translated into a measurable price response and is viewed more as a stabilizer for affected protocols than a catalyst for ETH. In the Polymarket contract, "Yes" shares trade at $0.04 and pay $1 if ETH hits $10,000 by 2026, implying a 25x payoff. Achieving that outcome likely requires more than a one-off bailout; it would take sustained institutional inflows or a meaningful shift in monetary policy. Market participants are watching governance votes on how funds will be distributed, along with any public comments from Aave, Vitalik Buterin, and other key figures, with execution details seen as more important than headline size.

HuoXing Finance cited Hyperinsight monitoring showing that the largest on-chain long position associated with BIT—often described as a "BIT-affiliated whale"—has slipped back into the red. The address is currently sitting on an unrealized loss of about $110,000, roughly 5%. The wallet holds a 20x leveraged ETH long of 20,000 ETH, worth about $45.6 million, with an average entry price of $2,287. The position was opened on April 20 and once recorded an unrealized profit peak of $2 million, but the subsequent pullback has wiped out those gains. The address is said to belong to the digital financial services group BIT and has repeatedly received transfers from affiliated entities. It has previously placed ETH long positions worth several hundred million dollars. Address: 0x6c8512516ce5669d35113a11ca8b8de322fd84f6.

On-chain data shows 119,999,989 USDT, valued at approximately US$119,988,109, was transferred from Binance to an unidentified wallet.

Editor's note: Tensions between the U.S. and Iran remain unresolved, but risk appetite in traditional markets has strengthened. Japan and South Korea's equity benchmarks hit record highs, NVIDIA again crossed a $5 trillion market cap, and the Nasdaq and S&P 500 extended their gains. Markets are also increasingly focused on whether Kevin Warsh can ultimately take the helm at the Federal Reserve—a potential catalyst for repricing. In crypto-linked U.S. equities, the week lacked clear positive catalysts and saw broad declines. Our view: concentrate on select bellwethers for value entries or short-term rebound trades. Below is a recap of last week's crypto-stock developments compiled by Odaily Planet Daily. All U.S. stock data is sourced from msx.com. U.S. equities face an IPO liquidity test as Warsh's policy stance comes into focus The week's core themes were Kevin Warsh's confirmation hearing and a liquidity stress test driven by a wave of IPOs led by SpaceX. Market participants are weighing whether mega listings could siphon capital from risk assets, including crypto. Analysis: SpaceX, OpenAI and Anthropic IPOs may pressure BTC and broader crypto liquidity SpaceX is reported to have confidentially filed its S-1 with the U.S. SEC earlier this month, targeting an IPO valuation of about $1.75 trillion and fundraising of up to $75 billion. If it lists as expected in June, it would surpass Saudi Aramco's $29 billion raise in 2019 and become the largest IPO on record. OpenAI and Anthropic are also planning listings in the second half of the year. Combined, the three offerings are expected to draw more than $240 billion. Analysts say these "super IPOs" could meaningfully absorb liquidity from the same capital pool that supports other risk assets. With Bitcoin and Ethereum increasingly correlated with the Nasdaq and broader U.S. equity risk appetite in recent years, heavy subscription demand for blockbuster tech IPOs could weaken incremental buying power for BTC, ETH and altcoins. Some point to Coinbase's 2021 listing coinciding with a phase top in Bitcoin, arguing SpaceX's IPO could become another liquidity inflection point for crypto markets. Warsh hearing: denies promising Trump rate cuts; criticizes the Fed as "lost"; called a "puppet" At his confirmation hearing, Trump's nominee Kevin Warsh took an aggressive tone. He declined to answer whether Trump lost the election, drawing sharp criticism from Senator Elizabeth Warren, who labeled him a "puppet" and an opportunist. Warsh, in turn, accused the Fed of being "lost and politicized" and repeatedly denied making any commitment to the president regarding low interest rates. Nick Timiraos, often dubbed the "Fed's messenger," wrote that Warren argued a Fed chair unwilling to state a basic fact that could displease the president who nominated him would be unlikely to stand up to that president when it matters. Democrats returned to this point repeatedly during the hearing. Warsh said the Federal Reserve needs "fundamental policy reforms," including a new inflation framework, new tools and new communication methods. While he avoided addressing Trump's public attacks on the Fed, he told senators from both parties: "The president has never asked me to predetermine, commit, fix, or decide on any interest rate decision in any of our discussions, and I would never agree to do so." Goldman Sachs: leadership change unlikely to trigger rapid cuts Goldman Sachs economist David Mericle told clients that Warsh's path to becoming Fed chair now looks clear, but a leadership change is unlikely to quickly shift the policy stance over the next few months. He noted that when the FOMC is divided, a new chair may not be able to push rate cuts as forcefully as Powell. He added that Warsh's appetite for easing may not be materially stronger than Powell's, particularly given elevated uncertainty tied to the Middle East conflict. Goldman nonetheless continues to expect easing before year-end, maintaining its call for 25 bp cuts in both September and December. Crypto and U.S.-listed "treasury" companies: weekly update Bitcoin treasury leaders: Strategy still dominates at $255M, but buying slows sharply SoSoValue data show that as of 8:00 a.m. ET on April 27, 2026, global publicly traded companies (excluding miners) recorded total net weekly Bitcoin purchases of $260 million, down 89.8% from the prior week. Strategy (formerly MicroStrategy) disclosed a $255 million purchase (down 90% from last week) of 3,273 BTC at an average price of $77,906, lifting total holdings to 818,334 BTC. Japan's Metaplanet made no Bitcoin purchases last week. Three other companies reported additions: - Japan's fashion brand ANAP bought 9.1785 BTC on April 21 for $770,000 at $84,239.7, bringing holdings to 1,431.9716 BTC. - UK-based The Smarter Web Company bought 44 BTC on April 24 for $3.39 million at $77,071, bringing holdings to 2,750 BTC. - A French Bitcoin company bought 6 BTC on April 27 for $460,000 at $77,151, raising holdings to 2,943 BTC. Metaplanet has issued 8 billion yen (about $50 million) in zero-coupon bonds to fund further Bitcoin purchases. As of publication, publicly traded companies globally (excluding miners) collectively hold 1,084,909 BTC, up 0.3% week over week. Those holdings are worth about $84.34 billion, equivalent to 5.4% of Bitcoin's circulating market cap. Metaplanet issues 8 billion yen in zero-coupon bonds to add BTC Metaplanet said it issued 8 billion yen of zero-coupon ordinary bonds to support additional Bitcoin purchases. DDC annual report: 2,383 BTC on balance sheet; launches AI treasury intelligence platform U.S.-listed DDC Enterprise released fiscal 2025 results, reporting revenue of $39.2 million, up 4.6% year over year and a record high. As of April 21, 2026, it held about 2,383 BTC valued at roughly $182 million, placing it among the world's top 30 public companies by Bitcoin holdings. DDC also announced the "DDC Treasury Intelligence Platform," an AI-powered tool aimed at optimizing Bitcoin treasury management and capital allocation. Ethereum treasury leaders: Bitmine holds over 5.07M ETH As of April 26, 2026, Bitmine said its total crypto holdings, cash and investments reached $13.3 billion. The company holds 5,078,386 ETH valued at about $12.03 billion, representing 4.21% of total ETH supply. Its portfolio also includes 200 BTC, $200 million in equity in Beast Industries, $91 million in equity in Eightco Holdings, and $940 million in cash. Bitmine has staked 3,701,589 ETH, worth about $8.8 billion at a price of $2,369. It reported an annualized staking yield of 3.033%, implying estimated annual income of $363 million. Bitmine listed on the New York Stock Exchange on April 9, 2026, after transferring from NYSE American. The Ethereum Foundation also sold 10,000 ETH to Bitmine via OTC last week at an average price of $2,387. Altcoin treasury public companies Eightco: WLD holdings rise above 283 million; ETH holdings at 11,068 Nasdaq-listed Eightco Holdings (ORBS) updated its holdings, saying total asset value rose to $336 million, including 283,452,700 Worldcoin (WLD) tokens, 11,068 ETH, a $90 million investment in OpenAI, a $25 million investment in Beast Industries, and $118 million in cash and stablecoins. Eightco said WLD represents 23% of total assets, the OpenAI stake 27%, and the Beast Industries stake 7%. AVAX One Q1 preview: ~14M AVAX held; revenue doubles quarter over quarter Nasdaq-listed AVAX treasury company AVAX One reported preliminary Q1 2026 results, with quarterly revenue doubling sequentially to about $2.4 million, driven by Avalanche staking rewards and Bitcoin mining operations. The company holds roughly 14 million AVAX, with more than 90% staked. AVAX One also signed an LOI to build a 10MW Tier 3 AI/HPC data center in Alberta, Canada, targeted to begin operations in Q1 2027. The project will use low-cost natural-gas power as part of a dual strategy of "crypto asset yields + compute infrastructure." AVAX One added 220 Bitcoin miners, lifting total hash rate to more than 200 PH/s. Aurelion: holds 33,318 XAUT, with 10,000 staked Nasdaq-listed Aurelion said it holds 33,318 Tether Gold (XAUT) tokens. Using a price of $4,719.15 per ounce on April 23, the position is valued at more than $157 million. The company added it has staked 10,000 XAUT, converting gold tokens from passive reserves into yield-generating collateral, while the remaining 23,318 XAUT are unstaked. Tron Inc.: adds 154,494 TRX Tron Inc. said on X that it increased its TRX holdings by 154,494 tokens at an average price of $0.3236, taking its total TRX reserve to more than 693 million tokens. The company said it plans to keep expanding its Tron DAT inventory to enhance long-term shareholder value.

BIG: Stablecoin transfer volume has exceeded $1 trillion so far this month, according to DefiLlama.

Ethereum "whales" appear to be returning to the market, with large holders stepping up withdrawals from centralized exchanges as accumulation climbs to a multimonth peak. On-chain data tracked by Arkham Intel shows wallet 0xE5eB moved 4,361 ETH—worth about $9.98 million—off Kraken after roughly three months of inactivity. A separate, newly created wallet, 0xA605, withdrew 2,000 ETH valued at around $4.58 million from Binance within the past hour. Together, the transactions shift roughly $14.5 million into private custody, further tightening liquid ETH supply as exchange reserves sink to critically low levels.

Odaily Planet Daily cited on-chain analyst Aunt Ai as saying that a Galaxy Digital OTC-associated address (0x16F6d15381bEE4A25B25F0d1C4161b78f7F21Fde) transferred a combined 21,369 ETH to exchange wallets over the past 24 hours. The deposits were valued at about $49.3 million, with an average deposit price of $2,307.34.

INSIGHT: BitMNR purchased 101,901 ETH worth about $234 million last week, marking its largest weekly ETH acquisition so far in 2026. The buy lifted BitMNR's total holdings to 5 million ETH, putting it closer to matching the regular weekly pace of BTC accumulation seen at Strategy.

Ondo (@OndoFinance) has teamed up with Broadridge to extend traditional investor rights to tokenized assets. Investors holding more than 250 tokenized stocks and ETFs can now receive issuer communications and take part in proxy voting tied to the underlying securities. The integration aims to narrow a long-standing disconnect between onchain ownership and the shareholder rights typically available in public markets.