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Solana's Loopscale pauses lending after $5.8M hack

Update (April 26 at 8:57 PM UTC): This article has been updated to include updates from Loopscale.

Solana decentralized finance (DeFi) protocol Loopscale temporarily halted its lending markets after suffering an approximately $5.8 million exploit.

On April 26, a hacker siphoned approximately 5.7 million USDC (USDC) and 1200 Solana (SOL) from the lending protocol after taking out a “series of undercollateralized loans”, Loopscale co-founder Mary Gooneratne said in an X post.

Loopscale has since “re-enabled loan repayments, top-ups, and loop closing”, but “[a]ll other app functions (including Vault withdrawals) are still temporarily restricted while we investigate and ensure mitigation of this exploit,” Loopscale said in an April 26 X post.

The exploit only impacted Loopscale’s USDC and SOL vaults and the losses represent around 12% of Loopscale’s total value locked (TVL), Gooneratne added.

“Our

US Senator calls for Trump impeachment, cites memecoin dinner

United States Senator Jon Ossoff expressed support for impeaching US President Donald Trump during an April 25 town hall, citing the President’s plan to host a private dinner for top Official Trump memecoin holders.

“I mean, I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” said Ossoff, a Democrat, according to a report by NBC News.

“When the sitting president of the United States is selling access for what are effectively payments directly to him. There is no question that that rises to the level of an impeachable offense.”

Senator Ossoff said he “strongly” supports impeachment proceedings during a town hall in the state of Georgia, where he is running for reelection to the Senate.

The Senator added that an impeachment is unlikely unless the Democratic Party gains control of Congress during the US midterm elections in 2026. Trump’s own Republican Party

Countries must add DePIN tokens to their digital asset stockpiles

Opinion by: Raullen Chai, co-founder and CEO of IoTeX

The United States and other superpowers are on the brink of a financial evolution. With President Donald Trump’s recent executive order establishing a Strategic Bitcoin Reserve (SBR) and a US Digital Asset Stockpile (DAS), the conversation around digital assets in government reserves is gaining momentum.

Countries like Czechia have also followed suit with their sovereign digital asset reserve plans. While Bitcoin (BTC) and select altcoins are being considered, the discussion remains incomplete without including decentralized physical infrastructure network (DePIN) tokens.

DePIN represents a new paradigm in infrastructure development, where communities, not corporations, build and operate essential networks like telecommunications that self-govern and distribute rewards to their individual contributors.

If it were to include DePIN tokens in its DAS, the US could use blockchain technology to create a self-sustaining infrastructure

Crypto sentiment recovers, but weekend liquidity risks remain

Crypto investor sentiment has seen a significant recovery from global tariff concerns, but analysts warn that the market’s structural weaknesses may still result in downside momentum during periods of weekend illiquidity.

Risk appetite appeared to return among crypto investors this week after US President Donald Trump adopted a softer tone, saying that import tariffs on Chinese goods may “come down substantially.”

However, the improved investor sentiment “does not guarantee that Bitcoin will avoid volatility over the weekend,” analysts from Bitfinex exchange told Cointelegraph:

“Sentiment improvements reduce fragility, but they do not eliminate structural risks like thin weekend liquidity.”

“Historically, weekends remain vulnerable to sharp moves — especially when open interest is high and market depth is low,” the analysts said, adding that unexpected macroeconomic news can still increase volatility during low liquidity periods.

DeFi Development seeks $1B to boost Solana investments, expand treasury

DeFi Development Corp (formerly Janover) aims to raise over $1 billion worth of capital to invest in Solana, the industry’s sixth-largest cryptocurrency by market capitalization.

The Nasdaq-listed firm, previously a real estate financing platform connecting commercial property lenders and buyers, announced its plans in a Form S-3 registration statement filed with the US Securities and Exchange Commission (SEC) on April 25.

The filing states that the funds will be used for general corporate purposes, including Solana (SOL) token acquisitions.

DeFi Development Corp S-3 filing. Source: SEC

According to the filing, the company may use proceeds from the offering to purchase more Solana, noting:

“Solana does not pay interest, but staking rewards can be earned on Solana. The ability to generate a return on investment from the net proceeds from this offering will depend on whether there is appreciation in the value of Solana following

Trump’s WLFI crypto investments aren’t paying off

World Liberty Financial (WLFI), the crypto firm associated with the family of US President Donald Trump, made waves when it debuted late last year.

WLFI caused a stir when it launched ahead of the president’s inauguration. Observers have accused the project of front-running important crypto-related events, like the White House Crypto summit, and presenting a conflict of interest.

Trump is in a unique position to influence outcomes that would affect his portfolio, but WLFI is not insulated from the broader market trends, which have seen crypto and stock prices drop amid significant macroeconomic concerns.

The Trump administration will soon mark 100 days in office. Here’s what WLFI has been up to, and how the president’s crypto investments are shaking out.

The “gold paper” for WLFI features flattering Trump imagery. Source: WLFI

Founding and ownership of Trump’s crypto investment WLFI project

WLFI launched on Sept. 16,

What are reciprocal tariffs, and what do they mean for the crypto industry?

What are reciprocal tariffs?

Reciprocal tariffs might sound like textbook trade jargon, but the idea is pretty straightforward: If one country slaps tariffs on your goods, you hit back with the same. Think of it as a tit-for-tat strategy in global trade — a way for governments to say, “If you’re charging our exporters 20%, we’re doing the same to yours.”

The roots of this concept go back to the 1930s, when the US passed the Reciprocal Trade Agreements Act. The goal back then was to break down trade barriers through mutual deals, not trade wars. But fast forward to today, and the term is making a comeback — this time with a bit more edge.

For example, in early 2025, in an effort to address what it perceived as unfair trade practices and a significant trade deficit, the US government, under President Donald

Read More at https://cointelegraph.com/explained/what-are-reciprocal-tariffs-and-what-do-they-mean-for-the-crypto-industry?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Deloitte predicts $4T tokenized real estate on blockchain by 2035

Over $4 trillion worth of real estate could be tokenized on blockchain networks during the next decade, potentially offering investors greater access to property ownership opportunities, according to a new report.

The Deloitte Center for Financial Services predicts that over $4 trillion worth of real estate may be tokenized by 2035, up from less than $300 billion in 2024. The report, published April 24, estimates a compound annual growth rate (CAGR) of more than 27%.

The $4 trillion of tokenized property is predicted to stem from the benefits of blockchain-based assets, as well as a structural shift across real estate and property ownership.

Global tokenized real estate value, growth predictions. Source: Deloitte

“Real estate itself is undergoing transformation. Post-pandemic work-from-home trends, climate risk, and digitization have reshaped property fundamentals,” according to Chris Yin, co-founder of Plume Network, a blockchain built for real-world assets

Crypto banking rule withdrawal by Fed ‘not real progress’ — Senator Lummis

United States Senator Cynthia Lummis suggests the crypto industry may be celebrating too soon over the US Federal Reserve softening its crypto guidance for banks.

“The Fed withdrawing crypto guidance is just noise, not real progress,” Lummis said in an April 25 X post. Lummis called the Fed’s April 24 announcement — withdrawing its 2022 supervisory letter that had discouraged banks from engaging with crypto and stablecoin activities — “just lip service.”

Lummis’ tone was different from the rest of the crypto industry

Lummis, a pro-crypto advocate known for introducing the Bitcoin (BTC) Strategic Reserve Bill in July 2024, pointed out several flaws in the Fed’s announcement, even as Strategy founder Michael Saylor and crypto entrepreneur Anthony Pompliano suggested it was a step forward for banks and crypto.

Source: <a data-ct-non-breakable="null" href="https://x.com/APompliano/status/1915842635589095849" rel="nofollow noopener"

Bitcoin ETFs on $3B ‘bender,’ notch first full inflow week in 5 weeks

Spot Bitcoin exchange-traded funds (ETF) in the United States saw over $3 billion in inflows this week, marking the first full week of consecutive inflows in five weeks.

On April 25, the 11 spot Bitcoin (BTC) ETFs saw $380 million in inflows, bringing the total for the week to around $3.06 billion over five consecutive inflow days, according to Farside data. The last time spot Bitcoin ETFs had a full week of inflow days was the week ending March 21.

Strong inflow week turns April into positive month

ETF analyst Eric Balchunas said in an April 24 X post that “ETFs are on a Bitcoin bender.”

“What’s really notable here is just HOW FAST the flows can go from 1st gear to 5th gear,” Balchunas said, forecasting that some of those flows may be due to the “basis trade