When the chatter and frenzy in the crypto market die down, it’s easier for a smaller brand to get a share of the spotlight

Hibernating when the market slows down? Think twice about your crypto PR strategy | Opinion

Solana decentralized finance (DeFi) protocol Loopscale has 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 &#8220;series of 
undercollateralized loans&#8221;, Loopscale co-founder Mary Gooneratne said in an X 
post.
The exploit only impacted Loopscale&#8217;s USDC and SOL vaults and the losses 
represent around 12% of Loopscale&#8217;s total value locked (TVL), Gooneratne 
added.
Loopscale is &#8220;working to resume repayment functionality as soon as possible to 
mitigate unforeseen liquidations,&#8221; its said in an X post.
&#8220;Our team is fully mobilized to investigate, recover funds, and ensure users 
are protected,&#8221; Gooneratne said.
_Loopscale &#8216;s &#8216;Genesis&#8217; lending vaults. Source: Loopscale_
In the first quarter of 2025, hackers stole more than $1.6 billion worth of 
crypto from exchanges and on-chain smart contracts, blockchain security firm 
PeckShield said in an April report.
More than 90% of those losses are attributable to a $1.5 billion attack on 
ByBit, a centralized cryptocurrency exchange, by North Korean hacking outfit 
Lazarus Group.
_**Related:**__**Crypto hacks top $1.6B in Q1 2025 &#8212; PeckShield**_
## Unique DeFi lending model
Launched on April 10 after a six-month closed beta, Loopscale is a DeFi 
lending protocol designed to enhance capital efficiency by directly matching 
lenders and borrowers.
It also supports specialized lending markets, such as &#8220;structured credit, 
receivables financing, and undercollateralized lending,&#8221; Loopscale said in an 
April announcement shared with Cointelegraph.
Loopscale&#8217;s order book model distinguishes it from DeFi lending peers such as 
Aave that aggregate cryptocurrency deposits into liquidity pools.
_Loopscale &#8216;s daily active users. Source: __Mary Gooneratne_
Loopscale&#8217;s main USDC and SOL vaults yield APRs exceeding 5% and 10%, 
respectively. It also supports lending markets for tokens such as JitoSOL and 
BONK (BONK) and looping strategies for upwards of 40 different token pairs.
The DeFi protocol has approximately $40 million in TVL and has attracted 
upwards of 7,000 lenders, according to researcher OurNetwork.
_**Magazine: **__**Ripple says SEC lawsuit &#8216;over,&#8217; Trump at DAS, and more: 
Hodler&#8217;s Digest, March 16 &#8211; 22**_

Solana's Loopscale pauses lending after $5.8M hack

Don’t put all your eggs in one basket—an idiom Tether seemingly takes to 
heart. In just two days this April, the stablecoin giant unveiled two major 
moves: teaming up with Bitfinex, SoftBank, and Cantor Fitzgerald to launch a 
Bitcoin-focused public…

Tether thinks beyond USDT, ‘builds for the apocalypse’

Ethereum is now holding above critical support levels after a volatile few 
weeks, but it continues to struggle with reclaiming key resistance zones. 
Bulls have managed to regain some momentum, helping ETH stabilize above the 
$1,700 level. However, to confirm a true bullish structure and shift sentiment 
decisively, Ethereum must reclaim and hold higher ground in the coming days. 
Related Reading: Ethereum Attempts First Major Horizontal Reclaim In Months – 
Can Bulls Hold the Line? Top analyst Daan shared a technical setup 
highlighting a promising development: Ethereum is flipping a previous 
horizontal level back into support. According to Daan, this marks a meaningful 
change in ETH’s market dynamics, as it’s something the asset has failed to do 
for months. Instead of consistently rejecting resistance and making lower 
lows, ETH is now showing early signs of strength by defending critical zones. 
Still, the battle isn&#8217;t over. Global macro uncertainty and tensions between 
the US and China continue to pressure all risk assets, including crypto. For 
Ethereum, a daily close above key resistance could open the door to a more 
decisive move higher, while failure to do so could leave it vulnerable to 
another round of consolidation or downside. Ethereum Faces A Critical Test 
After Strong Recovery Ethereum has staged an impressive recovery, gaining over 
32% from its local low of $1,383. Now trading firmly above $1,700, ETH faces a 
crucial test: holding current levels to shift its longer-term bearish price 
structure into a more bullish trend. After months of relentless selling 
pressure, this stabilization could mark the start of a larger reversal if 
momentum is sustained. However, broader macroeconomic risks still loom. The 
ongoing conflict between the US and China continues to pressure financial 
markets, with growing concerns that a prolonged negotiation process could 
disrupt global supply chains. If no resolution is reached in the coming weeks, 
risk assets like Ethereum could struggle to maintain their recent gains. A 
breakthrough deal, however, could quickly shift investor appetite back toward 
risk-on assets, fueling a stronger rally. Daan’s technical analysis highlights 
a major shift in ETH’s behavior. For the first time in months, Ethereum is 
flipping a previous horizontal resistance zone back into support—a sign of 
strengthening market dynamics. Daan suggests closely monitoring the 
$1,750–$2,100 range, as a firm hold above this area would signal a significant 
improvement in ETH’s structure. A daily close above $1,750 and gradual 
consolidation within this key range would position Ethereum for a potential 
breakout toward higher levels in the coming months. Related Reading: Bitcoin 
Rally Lacks On-Chain Support – Analyst Warns Of Vanishing Network Activity ETH 
Price Holds Above Key Support, But Challenges Remain Ethereum is currently 
trading at $1,790, maintaining its position above the critical 4-hour 200 EMA. 
This technical level has acted as strong support in recent days, providing 
bulls with a foundation to build momentum. Holding above $1,700 is crucial to 
maintain the bullish structure that has started to form after weeks of 
volatility and selling pressure. To confirm a strong recovery and shift into a 
sustained uptrend, ETH must reclaim the $2,000 psychological level. A decisive 
break and hold above $2,000 would likely attract renewed buying interest and 
could open the door for a move toward higher resistance zones. However, 
without a strong catalyst, bulls could struggle to maintain upward pressure in 
the short term. Related Reading: Bitcoin Reclaims Key Levels – New ATHs May Be 
Closer Than Expected On the downside, losing the $1,700 support would signal 
growing weakness and likely invite further selling. A break below this zone 
could send Ethereum back into the $1,500 region, reigniting concerns of a 
prolonged consolidation or deeper correction. For now, the market remains 
cautiously optimistic, but all eyes are on whether bulls can build enough 
momentum to reclaim higher ground soon. Featured image from Dall-E, chart from 
TradingView

Ethereum Flips Key Resistance Into Support – Can Bulls Reclaim $2,000 Level?

The Ethereum price bounced back this week as investors bought the dip, and the 
Fear and Greed Index exited the fear zone. Ethereum (ETH) rose to $1,800, up 
30% from its lowest level this year. The rebound, which coincided with…

Ethereum price eyes $2,000 as spot ETH ETFs buck worrying trend

Democrats are expressing growing dissatisfaction with U.S. President Donald 
Trump’s administration, and a senator from Georgia told attendees at a town 
hall that Trump’s latest meme coin gala event “rises to the level of an 
impeachable offense.” From Gaza Comments to Crypto Dinners, Trump Faces 
Growing Impeachment Calls On Friday, Sen. Jon Ossoff, D-GA, told […]