DEGEN NEWS

NEW: “KELP DAO IS PREPARING A MEMO BLAMING LAYERZERO FOR SATURDAY’S $292 MILLION RSETH EXPLOIT, SAYING IT RELIED ON LAYERZERO’S DOCUMENTATION, DEFAULT CONFIGURATIONS AND TEAM GUIDANCE WHEN SETTING UP THE BRIDGE” - PER MEMO REVIEWED BY COINDESK

BREAKING: STRATEGY HAS ACQUIRED 34,164 BTC FOR ~$2.54 BILLION AT ~$74,395 PER BITCOIN - STRATEGY ANNOUNCEMENT

NEW: WINTERMUTE CEO SAYS “NGL FEELS PRETTY BLEAK FOR DEFI INNOVATION AT THIS STAGE, ESPECIALLY FOR THE COMPOSABILITY SIDE AS THE SPILLOVER EFFECTS FROM ANY HACKS GO BEYOND A SINGLE PROTOCOL”

NEW: VERCEL CEO SAYS "WE BELIEVE THE ATTACKING GROUP [THAT TARGETED @vercel] TO BE HIGHLY SOPHISTICATED AND, I STRONGLY SUSPECT, SIGNIFICANTLY ACCELERATED BY AI. THEY MOVED WITH SURPRISING VELOCITY AND IN-DEPTH UNDERSTANDING OF VERCEL"

NEW: AAVE TVL DOWN OVER $7 BILLION FOLLOWING BAD DEBT TRIGGERED BY $290M+ $RSETH EXPLOIT ON KELPDAO

NEW: AAVE ANNOUNCES "ACCORDING TO OUR ANALYSIS, RSETH ON ETHEREUM MAINNET IS FULLY BACKED" - "OUT OF AN ABUNDANCE OF CAUTION, RSETH REMAINS FROZEN ACROSS AAVE V3 AND V4 AND EXPOSURE TO THE INCIDENT IS CAPPED. WETH RESERVES ALSO REMAIN FROZEN ACROSS AFFECTED MARKETS..."

NEW: 0XQUIT SAYS "THE AAVE SITUATION IS BAD AND GETTING WORSE. MULTIPLE OTHER POOLS ARE HITTING 100% UTILIZATION, LEAVING LENDERS STUCK AND THE PROTOCOL AT RISK OF FURTHER BAD DEBT"