DeepFlowTech

April 23, Lido announced the latest developments regarding the Kelp security incident: the Earn series vaults are being handled, with rsETH risk exposure and liquidity tension in the lending market being the main risks. The core staking protocol remains unaffected, and stETH/wstETH are still secure. EarnETH accounts for about 9% of TVL with rsETH exposure, and deposits and withdrawals are paused. Previously, $70 million worth of ETH was recovered, and subsequent recovery and compensation are underway; if losses occur, a $3 million first-loss protection mechanism will be activated. DVV/EarnUSD are operating normally, GGV is being adjusted. Withdrawals are processed based on pre-incident valuations.

CCTV reports that, in the context of diplomatic setbacks and a lack of trust in negotiations, Iran has proposed a list of proportional responses and offensive deterrence measures to address potential military actions by the U.S. and its allies. The scenarios include targeting power and oil/gas facilities, assassinations of key personnel, territorial incursions, escalation of maritime blockades, ground invasions, and may also involve actions against U.S. interests outside the region.

According to Caladan data, approximately 93% of GameFi projects are on the brink of death, tokens have fallen about 95% from their 2022 peak, and funding in 2025 has decreased by about 93%. Web3 investment has almost dried up, with funds shifting to AI, real-world assets, and Layer-2 solutions. Animoca Brands' gaming business has dropped to about 25% of its investment portfolio. In 2022, 63% of Web3 venture capital was invested in gaming, but by 2025, this has fallen to single digits, with over 300 games shut down, serving as a warning about the imbalance between speculation and product-market fit.