Weekly · 2026-W17Cautious

Bitcoin & Crypto Weekly Digest – 2026-W17

JL Capital Research1 min read

  1. 01rsETH $290M L2 bridge exploit drains users, Aave collateral haircut incoming
  2. 02Aave ETH redemption live at 2% haircut, pools at 100% utilization
  3. 03Kelp rsETH mainnet fully backed, L2 haircut confirmed
  4. 04Golem buys 5k ETH into rsETH recovery, Aave TVL holds 14B
  5. 0590% Kelp bad debt covered by voluntary bailouts, LayerZero defaults blamed
  6. 06Aave pauses rsETH reserves, safety module active
  7. 07DeFi security crisis flips LRT trust narrative
  8. 08ETH collateral liquidity drains to stables, rotations forced
  9. 09RWA fatigue drives shift from crypto yield
  10. 10HyperEVM HYPE staked 1000%+ APY

Key Narratives

rsETH L2 bridge exploit fallout and LRT single-sig bridge risksAave V3 ETH collateral rotations and risk mitigationDeFi trust erosion post-hackAave TVL resilience with bailout precedentsLRT single point of failure fantasies"never hack" DeFi narrative

Coins in Focus

GolemHYPEMNGOETHAAVErsETHwstETHUSDCWETH

Sources

  1. 1Aave ETH redemption protocol · fluid.io
  2. 2Fluid.io Aave swap live · x.com
  3. 3aWETH to wstETH swap example · x.com
  4. 4aEthWETH Uniswap liquidity · etherscan.io
  5. 5Aave rsETH governance update · governance.aave.com
  6. 6Polymarket: Will Kelp socialize rsETH losses? · polymarket.com
  7. 7Aave official response on rsETH collateral freeze · x.com
  8. 8Kelp DAO incident response April 20 · x.com
  9. 9Coindesk: Kelp blames LayerZero defaults for $290M loss · coindesk.com
  10. 10Polymarket: Aave TVL below 10B in 2026? · polymarket.com
  11. 11iVerify Pegasus detector · apps.apple.com
  12. 12Mac Lockdown Mode · support.apple.com
  13. 13DPRK hack attribution history · wired.com
  14. 14Mac security tips · x.com
  15. 15Onchain Pokemon game · x.com
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