DeFi is stress-testing its immune system in real time.

A $292M exploit forced protocols to choose between self-interest and collective survival.

They chose collaboration, which might be the most bullish signal all week.

Meanwhile, Bitcoin keeps knocking on $78K like a guest nobody will let in.

The broader market is watching to see what breaks first: resistance or patience.

Mantle proposes 30,000 ETH credit line to bail out Aave's bad debt

Mantle, a layer 2 blockchain backed by Bybit, wants to lend Aave 30,000 ETH from its treasury.

The offer responds to bad debt created by an exploit on Kelp DAO's rsETH bridge.

If approved, it would be one of the largest inter-protocol bailouts in DeFi history.

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Markets

Bitcoin stalls at $78K while DeFi scrambles to contain exploit fallout

Bitcoin has been rejected at the $78K resistance level three days running.

The stall comes as DeFi absorbs aftershocks from the KelpDAO exploit, which triggered over $10B in Aave withdrawals.

Aave responded by forming "DeFi United," a coalition of protocols coordinating to absorb the damage together.

BTC hovered near $78K, ETH slipped below $2,400, SOL dipped to $86, and XRP sat flat near $1.43.

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Intel stock hits all-time highs for the first time since 2000

Intel shares topped $82 on April 24, marking a new all-time high and extending a stunning rebound from last year’s lows.

The rally followed Q1 revenue of $13.6 billion, up 7% year over year, with adjusted earnings of $0.29 per share beating expectations.

A chipmaker left for dead just two years ago has suddenly become one of the market’s biggest comeback stories, hitting a new all time high for the first time since 2000.

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Jane Street moves to dismiss Terraform's insider trading lawsuit over UST collapse

The quant trading giant filed to toss Terraform Labs' lawsuit alleging it triggered the UST/LUNA crash.

Terraform claims Jane Street's trading helped wipe out $40B in value back in May 2022.

The outcome could set a precedent for how courts assign blame in algorithmic stablecoin failures.

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OpenAI launches GPT 5.5 with major upgrades across coding and research

OpenAI calls GPT 5.5 its smartest model yet, with big leaps in coding and agentic tasks.

In English: the AI can now browse, write code, and complete multi-step workflows more independently.

Plus, Pro, and Enterprise users get access first, making this OpenAI's clearest enterprise play yet.

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On Our Radar

Liquidity gets weird: BitGW's single-sided AMM reshapes how crypto markets actually work.*

Bitcoin's new whale: Metaplanet is raising $50M to chase 100,000 BTC by December.

Stablecoin Shuffle: Morgan Stanley launches money market fund for reserve backing.

_*sponsored

ICYMI

Meme of the Day

That’s a wrap.

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