Ethereum has continued to see impressive growth in its network usage amid the shifting market sentiments that have garnered momentum for the world's second-largest crypto asset.
Ethereum price fell for the second straight day on Friday as institutional investors took a step back from the asset as they weighed rising geopolitical risks. According to data from crypto.
Mantle Network proposed lending up to 30,000 ETH from its treasury to Aave DAO to help cover bad debt caused by the recent $292 million Kelp DAO exploit.
Ecosystem partners including Lido, EtherFi, Mantle, and Golem commit 43,500 ETH toward closing the gap.
Mantle Treasury moves to convert idle ETH into yield as DeFi unites behind Aave's recovery effort.
Ethereum's potential rise to $4,000 reflects broader market optimism, but geopolitical tensions could disrupt this bullish momentum. Ethereum eyes $4,000 by April end amid privacy coin rally, geopolitical shifts.
Mantle proposes lending up to 30,000 ETH to Aave DAO to address rsETH bad debt from the $292M Kelp exploit.
U.S.-listed spot Ethereum (ETH) ETFs swung back to net outflows on Wednesday, signaling a pause in the recent run of steady allocations and hinting at revived near-term selling pressure across the category. Data compiled by SoSoValue shows that spot Ethereum ETFs recorded $75.94 million in net redemptions on April 23 ET, ending a streak of inflows that had lasted 10 consecutive trading sessions.
This past weekend's restaked Ethereum scare caused by the KelpDAO hack set off a predictable panic attack. As traders prepared for forced exits and cascading sell pressure, narratives about a possible unwind of staked ETH positions quickly emerged.
In a decisive response this week, Arbitrum's Security Council intervened to immobilize more than 30,000 ETH—approximately $71 million—associated with the KelpDAO security breach. The council executed a transfer moving these assets from the attacker's control into an ownerless wallet, creating an effective freeze.
Ethereum (ETH) is currently hovering near $2,340, consistently unable to sustain price action above the $2,400 threshold. While the asset experienced an uptick in tandem with Bitcoin's push toward $79,000, the upward drive proved insufficient to pierce through major resistance zones.
Mantle reviews Aave DAO loan proposal tied to rsETH exploit losses and treasury strategy