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Kelp DAO Restores rsETH After $293M Hack, Completes Recovery

Kelp DAO has fully restored the backing for its liquid restaked token, rsETH, five weeks after a $293 million exploit compromised the protocol‘s cross-chain bridge infrastructure. The incident, attributed to North Korea’s Lazarus Group, caused significant disruption across the decentralized finance (DeFi) ecosystem.　　The final tranche of 20,373.7 rsETH was transferred on May 25 to the LayerZero smart contract responsible for managing the token‘s cross-chain activity. This marks the completion of Kelp DAO’s recovery plan, which relied heavily on community and industry contributions. According to Kelps post on X (formerly Twitter), rsETH mints, redemptions, and rewards operations have resumed normal functionality.　　The hack on April 18 exploited vulnerabilities in Kelps LayerZero-powered bridge, enabling the fraudulent minting of 116,500 rsETH—valued at approximately $292–$300 million. The attack disrupted liquidity in DeFi markets, with Aave suffering particularly severe impacts as the attacker leveraged stolen rsETH as collateral. This resulted in $190 million in bad debt for Aave and catalyzed net outflows that halved its total value locked (TVL) from $26.4 billion to under $14 billion, according to DefiLlama data.　　Industry-Wide Recovery Efforts　　In the wake of the exploit, Kelp DAO launched a comprehensive recovery initiative backed by over $300 million in pledges from DeFi protocols and organizations

05-27

Hedera-based BrandBoost targets gamified loyalty programs for enterprises

Swiss blockchain firm The Hashgraph Group has launched BrandBoost on Hedera, introducing tokenized loyalty rewards and real-time customer engagement tools for enterprises.The Hashgraph Group has launched BrandBoost on Hedera to help enterprises create tokenized loyalty rewards and real-time customer engagement systems.BrandBoost combines gamification, digital collectibles, self-custody wallets, and identity verification tools for sectors including sports, media, entertainment, and telecom.　　According to an announcement shared with crypto.news, the new software-as-a-service platform targets enterprises looking to move beyond traditional loyalty systems built around static points and membership cards.　　The company said BrandBoost combines gamification tools, tokenized incentives, digital collectibles, and AI-driven consumer analytics to create what it described as a more interactive loyalty experience.　　At a time when brands are competing for repeat consumer attention across online platforms, retail stores, sports venues, entertainment events, and connected devices, The Hashgraph Group said businesses increasingly need systems that can respond to customer behaviour instantly instead of relying on delayed reward mechanisms after purchases are completed.　　Data cited by the company from Deloittes 2025 customer loyalty research showed that 72% of consumers said loyalty programs make them more likely to spend with preferred brands, while 56% said such programs increase how much they spend.　　Deloittes research also found that only

05-27

OKB Price Prediction: OKB Surges Over 16% as Bulls Target $100

Tech　　OKB Price Prediction: OKB Surges Over 16% as Bulls Target $100OKB breakout above $82 resistance strengthens long-term bullish momentum outlook.Low open interest levels reduce liquidation risks during OKB recovery.Renewed exchange netflows signal fresh spot demand across OKB markets.　　OKB extended its powerful rally this week after buyers triggered a major breakout above key resistance levels. The token gained more than 16% in the past 24 hours and nearly 19% over the last seven days. Trading activity also accelerated sharply, with daily volume climbing above $117 million.　　The latest move pushed OKB near the $97 level and strengthened bullish sentiment across the broader market. Besides, traders now watch whether the token can secure a decisive breakout above the psychological $100 barrier. Strong technical indicators and improving exchange flow activity continue supporting the bullish structure.　　OKB Breakout Signals Strong Trend Reversal　　OKBs daily chart shows aggressive buying momentum after the token surged beyond the long-standing $82.80 resistance zone. The breakout confirmed a major shift in market structure after months of consolidation and weaker price action. Consequently, buyers regained control as the token moved above all major exponential moving averages.　　The 200-day EMA near $93.96 now acts as an important support level for the ongoing trend. Moreover, OKB

05-27

Ripple Targets Slice of $18.9 Trillion Tokenization Market

Tech　　Ripple Targets Slice of $18.9 Trillion Tokenization Market　　Leading RWA platform Securitize has officially stated that a fundamental transformation of global finance is inevitable, forecasting a 100x growth of the tokenization industry from its current $34 billion level. As the main benchmark for this move, Securitize highlighted a joint study by Ripple and Boston Consulting Group (BCG), according to which the total volume of digitized assets will reach $18.9 trillion by 2033.　　This expansion looks logical, since Ripple originally built the tokenization of the money layer into its model – stablecoins, settlement tokens, and interbank deposits – moving away from McKinseys more conservative estimates of $2 trillion to $4 trillion.　　Ripple builds money layer on XRP Ledger　　This is exactly the settlement sector that the company is taking under its technological control, having deployed institutional stablecoin Ripple USD (RLUSD), whose capitalization has already reached $1.74 billion, with monthly transfer volume at $14.31 billion.　　XRP Liquidity Drops to 2020 Low, CryptoQuant Warns; Binance Delists Key SHIB Rivals; Hyperliquid Adds USDT for Margin – Morning Crypto Report　　Ripples Schwartz Reacts to Passing of Ondo Finance Founder　　Moreover, Ripple owns the underlying rails, as XRPL handles the backend for Ripple, already processing billions of dollars across 302 active RWA projects,

05-27

XRP Social Sentiment Turns Bearish as Contrarian Signals Emerge

Tech　　XRP Social Sentiment Turns Bearish as Contrarian Signals EmergeSantiment says XRP sentiment is 1.1 bullish per bearish; seen as a contrarian signal. Ali Martinez says XRP holds channel; $0.73 mid-range seen as key accumulation zone.XRP shows a triangle pattern; Martinez warns the downside could hit $0.73 accumulation zone.　　The bearish pressure on XRPs price has persisted, with the cryptocurrency trading around the $1.35 support zone. However, cryptocurrency analysts view this development as a contrarian signal, expecting a repeat of historical patterns that could lead to a bullish rebound.　　???? XRP‘s crowd sentiment has swung sharply negative again, with the ratio of positive to negative commentary dropping to just 1.1 bullish comments for every 1 bearish comment. Historically, this kind of fear and skepticism has often acted as a contrarian signal for XRP’s price.… pic.twitter.com/KGubO783yE　　— Santiment Intelligence (@SantimentData) May 25, 2026　　XRPs Negative Crowd Sentiment　　Santiment, a leading cryptocurrency analysis platform, said the ratio of negative commentary about XRP across social media has dropped to 1.1 bullish comments per bearish comment. Although this may appear negative at first sight, historical patterns suggest it could be a positive development for XRP.　　Typically, extreme fear among users of a crypto asset on social media means many weak hands

05-27

Ondo Finance Founder Nathan Allman Dies Aged 32

The tokenization movement that Allman contributed to by founding Ondo in 2021 helped capture the attention of Wall Street giants such as BlackRock, who see potential in the technology to make trading and settlement more efficient.　　Allman previously worked in Goldman Sachs digital asset team prior to founding Ondo. Before that, he founded the crypto hedge fund ChainStreet Capital, which focused on algorithmic, event-driven trading.　　Ondo said that the companys president, Ian De Bode, would serve as CEO.　　“Its been an incredibly sad day for Ondo Finance,” De Bode told Cointelegraph. “Nate was not only an incredible founder and visionary, but also a very close personal friend. He will be missed dearly.”　　“The mission of Ondo, Nates mission, has not changed,” he added. “If Nate were here, he would want to continue executing with excellence. We will make him proud.”　　Ondo vice president and head of marketing, Ben Grossman, said Allman “was a once-in-a-generation founder and visionary. He was absolutely brilliant, with a vision and drive that shaped the industry and everyone around him. He will be enormously missed.”　　Ondo did not share further details on Allman‘s death. An Ondo spokesperson said that Allman’s family has requested privacy at this time.

05-27

XRP Whales Cut Large Transfers as Negative Sentiment Builds

Tech　　XRP Whales Cut Large Transfers as Negative Sentiment BuildsXRP whale transactions above $1 million dropped by 57.3% within nine days.Market analyst Ali Martinez reported that large XRP transactions fell from 157 to 67.The decline suggests major holders have reduced aggressive market activity for now.XRP crowd sentiment has turned sharply negative and reached a three-week high.Traders are watching whale activity for signs of the next major XRP move.　　XRP whale activity has dropped sharply over nine days as market analyst Ali Martinez reports fewer large transactions while crowd sentiment turns more negative.　　According to market analyst Ali Martinez, XRP whale transactions worth more than $1 million fell from 157 to 67 in nine days. The drop represents a 57.3% decline in high-value network activity and has drawn attention from traders watching large-holder behavior.　　Martinez‘s data shows that major XRP wallets have made fewer large moves at a time when the token’s market structure remains under close watch. In crypto markets, traders often monitor whale transactions because large orders can affect liquidity, volatility, and short-term direction.　　The decline does not confirm that large holders are selling, based on the interpretation shared around Martinezs data. Instead, the lower transaction count suggests whales have reduced their active participation

05-27

Ripple’s latest trademark filings signal a deeper push into Wall Street

Ripple has filed two new U.S. trademark applications covering its Triskelion design and word mark. The filings have drawn attention because they list several services tied to institutional finance, trading, treasury systems, and asset management.Ripple filed two new U.S. trademark applications covering its Triskelion design and word mark, with listed services tied to treasury, trading, risk management, and asset management.The filings show Ripples wider focus on institutional finance, including hedge fund management, securities lending, prime brokerage, clearinghouse functions, and brokerage services.Ripple Primes integration with EDX Markets and EDXM International supports its push to connect digital asset markets with traditional finance infrastructure.　　According to reports shared on X, the applications suggest that Ripple is looking to expand its role beyond blockchain payments. The filings cover areas such as treasury operations, digital asset management, cash management, risk management, investment advisory services, and bank reconciliation.　　RIPPLE JUST FILED TWO NEW TRADEMARKS TRISKELION + WORD MARK! ????????　　covering: treasury ops, digital asset mgmt, prime brokerage, hedge fund management, securities lending, financial clearinghouse services, and MORE　　this isnt a startup move. this is a full-scale financial… https://t.co/kkcszvCtxI　　— ????????????????XRP (@BankXRP) May 26, 2026　　Ripple expands institutional finance focus　　The trademark applications also include services linked to hedge fund management, securities lending, prime

05-27

HTX hit by UK sanctions as regulators trace Russia links

The United Kingdom has sanctioned Huobi Global S.A., now linked to HTX, in a Russia-focused action targeting crypto channels accused of helping sanctioned networks move funds.The UK has sanctioned Huobi Global S.A., linked to HTX, over alleged support for Russia-connected financial networks.The action freezes assets tied to the A7 network and blocks British firms from processing payments involving targeted entities.The move adds fresh pressure on HTX, which already faces UK legal action over alleged unlawful crypto promotions.　　According to the UK government, the latest sanctions package freezes assets connected to the Kremlin-backed A7 network and blocks British firms from maintaining correspondent banking relationships or processing payments involving the targeted entities.　　UK names Huobi global in Russia sanctions notice　　The sanctions notice lists Huobi Global S.A. as a Panama-registered entity and names HTX and HTX Exchange as related names. The UK said the exchange is subject to an asset freeze, trust services restrictions, director disqualification sanctions, internet services sanctions, and payment-processing bans.　　The government said there are “reasonable grounds to suspect” that Huobi Global S.A. has supported the Government of Russia. The notice said the company allegedly provided financial services, funds, economic resources, goods, or technology to A7 Limited Liability Company.　　A7 is described by the

05-27

Tom Lees Bitmine Adds 111,942 ETH as Holdings Near 4.5% of Ethereums Total Supply

Ethereum　　Tom Lee‘s Bitmine Adds 111,942 ETH as Holdings Near 4.5% of Ethereum’s Total Supply　　Ethereum treasury firm Bitmine has added over 110,000 ETH to its holdings, with the company now almost 90% of the way to reaching its goal of holding 5% of the total ETH supply. The BMNR stock is up amid the announcement of this latest purchase, with the firm also on course to join the Russell 1000.　　Ethereum Treasury Bitmine Acquires Over 110,000 ETH　　In a press release, the firm announced that it acquired 111,942 ETH over the past week and now holds 5,390,404 ETH, which are 4.47% of the total Ethereum supply. The companys chairman, Tom Lee, said that they view the recent pullback in ETH to below $2,200 as an attractive opportunity.　　Meanwhile, Bitmine expects to reach its ‘alchemy of 5%’ goal of holding 5% of the total ETH supply sometime this year. As CoinGape reported, Bitmine bought 60,000 ETH over the weekend as part of this latest 111,942 ETH purchase.　　The Ethereum treasury company made the purchase as ETH dropped to as low as $2,000. The company has also staked 4,712,917 ETH, worth just over $10 billion. Tom Lee stated that at scale, they project their staking reward to

05-27

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