Aave Labs has completed the liquidation of the Kelp DAO attacker’s remaining 
rsETH-backed positions on Ethereum and Arbitrum, moving the DeFi United 
recovery effort closer to restoring full backing for the restaked Ether token 
after April’s $293 million exploit. Aave…

Aave completes liquidation of Kelp DAO attacker’s final rsETH positions

TrustedVolumes lost nearly $6M in an exploit tied to its RFQ swap proxy, as 
Blockaid linked the attacker to a past 1inch Fusion hack.

TrustedVolumes loses nearly $6M in fresh 1inch-linked exploit

The possibility of alien disclosure has risen, with Polymarket traders 
estimating a 20% chance for alien life to be confirmed by the U.S. government 
this year. Recently, reports of meetings between church pastors and 
intelligence officers have surged, allegedly to prepare for an upcoming reveal 
event. Alien Disclosure Odds Rise Among Reports Of Intelligence Meetings […]

Polymarket Odds Hit 20% for the US Government to Confirm Alien Life in 2026

Crypto-backed Republican James Baird won Indiana’s primary after $514K in PAC 
support, as Fairshake expands its 2026 election push.

Crypto PAC-backed Baird wins Indiana primary after $514K ad push

On Wednesday, Bitcoin reached its highest level since January, crossing above 
the $82,000 threshold. However, one analyst has warned that the latest upswing 
may not be driven by genuine demand. Instead, he describes it as a so-called 
&#8220;speculative trap&#8221; and points to signals suggesting there may be little 
underlying momentum before the market potentially retraces sharply. $83,000 
Condition For Bitcoin In a post on X (formerly Twitter), market analyst 
OxPepesso argued that BTC is moving in a way that looks similar to the “S&amp;P 
500 AI bubble,” implying that Bitcoin is largely tracking broader stock-market 
sentiment rather than showing distinct, organic crypto drivers. OxPepesso 
suggested that, with the equity market surging, Bitcoin is essentially being 
pulled along as risk appetite rises—rather than benefiting from meaningful, 
independent on-chain or spot demand. Related Reading: Ripple CEO Warns: If 
CLARITY Act Markup Slips, Chances Fall ‘Precipitously’ The core of the 
analyst’s skepticism centers on what he says is happening beneath the price 
action. According to OxPepesso, network activity has just hit a two-year low, 
and actual spot demand is “literally negative.” In his view, that combination 
would mean the rally lacks the kind of real buying pressure that usually 
sustains higher prices. He added that the current push appears to be propped 
up by futures speculation, and warned that a single geopolitical development 
could quickly sour sentiment—potentially crashing both markets at once. Until 
Bitcoin reclaims its previous range low above $83,000, according to the 
analyst, the rally should be treated as a fakeout—not a durable trend. In that 
analogy, he cited a range high around $94,500 that was previously reached, 
rejected, and then “flushed” down into what he described as a weaker bottom 
near $60,000. The analyst’s key condition is clear: a clean daily close above 
$83,000 would “flip the rally real,” while anything below it, in his 
framework, could set up the market for a sharp drop. Seller Pressure Ahead? 
While OxPepesso’s remarks emphasize caution, another lens on the market comes 
from blockchain analytics firm CryptoQuant, which highlighted data points it 
says align with an attempt at structural improvement. In a new report, 
CryptoQuant noted that Bitcoin has broken above the True Market Mean at 
$78,200 and the Short-Term Holder Cost Basis at $79100. CryptoQuant’s 
interpretation is that maintaining holdings above these levels could signal a 
short-lived deep value phase, and it also pointed to $85,200 as the next key 
resistance area. Related Reading: Strategy Reports Q1 Results: Over $12 
Billion In Red Ink—Here Are The Key Figures Contrary to OxPepesso’s analysis, 
the firm also said that spot demand and Exchange-traded fund (ETF) inflows are 
rebuilding, which it interprets as bulls still having control—at least for the 
moment. Still, the report emphasizes that Bitcoin is approaching a ceiling 
where additional supply may re-emerge, making the next phase more about 
whether buyers can keep pace as price reaches zones where sellers are likely 
to become more active. At the time of writing, Bitcoin had retraced toward 
$81,538 following its earlier push above $82,000 on Wednesday. Featured image 
from OpenArt, chart from TradingView.com

Bitcoin At $82K, But Metrics Don’t Smile: Network Activity Down, Spot Demand Negative—What’s Next?

Samsung SDS will build KSD&#8217;s token securities platform as South Korea prepares 
blockchain-based securities rules for February 2027 rollout.

Aave completes liquidation of Kelp DAO attacker’s final rsETH positions

Comments