Ethereum - BlockAI News

A single emerald shard at the center with translucent layered shards stacked above it, beams of green light radiating outward in deep navy space.

Learn

What Is Restaking? EigenLayer, AVS, and the $15 Billion Reuse of Ethereum's Security

Restaking lets staked ETH back additional services beyond Ethereum itself — earning extra yield, but also taking on stacked slashing risk. Here's how EigenLayer, AVSs, LRTs, and the $15B+ market actually fit together.

Ethereum

South Korea's Upbit Launches GIWA Chain as Optimism Foundation's First Self-Managed Enterprise L2

Dunamu, operator of South Korea's largest crypto exchange Upbit, launched GIWA Chain — an OP Stack Ethereum L2 with 1-second block times — as the first deployment on Optimism Foundation's Self-Managed tier, giving Upbit full sequencer control with institutional failover support.

Base Layer 2 adopts Succinct SP1 ZK proof — $7.4 billion rollup security upgrade

Ethereum

Coinbase's Base Adopts Succinct's SP1 Zero-Knowledge VM to Strengthen Its $7.4 Billion Rollup

Coinbase's Base L2 will integrate Succinct's SP1 zero-knowledge virtual machine under its Azul upgrade, replacing multi-day challenge periods with cryptographic finality for $7.4B in bridged assets while keeping its existing optimistic rollup structure.

DeFi

Aave, Kelp and LayerZero Ask Arbitrum DAO to Free $71M in Frozen ETH

A coalition led by Aave Labs and joined by Kelp DAO, LayerZero, EtherFi and Compound has filed a Constitutional AIP asking Arbitrum to release ~30,766 ETH (~$71M) into a DeFi United relief effort for rsETH holders.

Ethereum

BitMine Buys 10,000 ETH From the Ethereum Foundation OTC at $2,387, Pushing Treasury Past 4.97M ETH

Tom Lee–chaired BitMine purchased 10,000 ETH at $2,387 — roughly $23.87 million — directly from the Ethereum Foundation in an OTC transaction on April 24, lifting its treasury to 4,976,485 ETH and following a separate 5,000-ETH purchase the company executed in March.

Ethereum

Fluent's Multi-VM Ethereum L2 Goes Live With BLEND Token, USDnr Stablecoin, and $50M Day-One Liquidity

Fluent activated its Ethereum Layer 2 mainnet on April 24 alongside the BLEND token and USDnr stablecoin, opening with $50 million in day-one liquidity and a 'blended execution' environment that runs apps written for different virtual machines inside one chain state.

DeFi

Arbitrum Freezes $71M Tied to Kelp — And Reopens the Decentralization Debate

Arbitrum's Security Council used privileged powers to transfer 30,766 ETH out of the Kelp DAO exploiter's wallet. The move recovered funds — and revived an old question: how decentralized is Layer 2 really?

Funding

GSR Launches First ETF on Nasdaq: BESO Holds BTC, ETH, SOL With Active Weekly Rebalance

Market maker GSR has launched its first ETF, the GSR Crypto Core3 (BESO) on Nasdaq: an actively managed multi-asset fund holding BTC, ETH and SOL with staking-income participation.

DeFi

Kelp DAO $292M Exploit Becomes 2026's Largest — LayerZero Points to North Korea's TraderTraitor Unit

A bridge misconfiguration dragged $13.2B out of DeFi in 48 hours. Now the two parties are blaming each other over who chose the single verifier.

DeFi

Kelp DAO Loses $292M in 2026's Biggest DeFi Hack — How LayerZero's Bridge Became the Attack Vector

Kelp DAO lost $292M in 2026's biggest DeFi hack after an attacker manipulated LayerZero's cross-chain bridge. Aave, Lido, and Ethena all froze related markets within hours as contagion spread across 20+ chains.