Adam Forsyth

DeFi hacks and flat TVL sour institutional appetite

JPMorgan says repeated DeFi hacks, a $20B TVL drop after Kelp’s rsETH exploit, and flat ETH‑denominated TVL are souring institutional appetite for onchain lending and yield. Summary JPMorgan says repeated DeFi exploits and flat ETH-denominated TVL are curbing institutional interest. A recent rsETH bridge exploit tied to Kelp DAO wiped roughly $20 billion from DeFi…

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XRP’s April seasonality, fresh ‘commodity’ label and ETF rails meet a stubborn range

XRP is grinding in the mid‑$1.40s, trapped between stubborn resistance and strong support as fresh “digital commodity” clarity, ETF rails and April seasonality fight flat flows. Summary XRP trades around 1.42–1.45, still roughly 60% below its 2018 all‑time high near $3.65, with a key 1.30–1.35 support band and 1.50–1.52 acting as near‑term resistance. April is…

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Kalshi Cracks Down on Political Insider Trading, Bans Three US Candidates

Newly released safeguards helped Kalshi identify three candidates placing trades tied to their campaigns, which resulted in fines and five-year platform bans. Prediction market platform Kalshi has suspended three US political candidates after finding they traded on the outcomes of elections in which they were directly involved, describing the cases as “political insider trading.”…

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