Aave surged 5.48% to $94.80 after the DAO approved a $25 million growth plan, signalling strong protocol expansion.
Hyperbridge exploit minted $1 billion DOT, crashing prices to near zero while exchanges halted activity amid security concerns.
XRP sentiment hit extreme lows, historically linked to potential short-term rebound phases.
The cryptocurrency market saw major developments from the Aave Growth plan and hackers attacking Hyperbridge, to XRP hitting the FUD zone, and Alameda Research transferring SOL.
Aave approved the “Aave Will Win” framework with around 75% support, granting Aave Labs $25 million in stablecoins and 75,000 AAVE tokens.
The stablecoins will be distributed over the course of 12 months to support operational costs.
The plan transforms Aave Labs to a DAO-funded model, directs product revenue to the DAO treasury, and positions Aave V4 as the protocol’s long-term foundation.
While the proposal sparked some governance concerns in the community, AAVE’s price surged 5.48% in the last 24 hours to $94.80.
Hong Kong-based digital asset company, Amber Group, which provides financial services with over $1 trillion in trading volume, named Amber Premium, has acquired a crypto license in the UAE through Dubai’s Virtual Asset Regulatory Authority (VARA).
A platform built for institutions and private wealth, Amber Premium combines crypto-native innovation with institutional-grade infrastructure.
As per the VARA website, Amber is licensed to offer broker-dealer Services, lending and borrowing services, as well as management and investment services for qualified and institutional investors.
Hackers attacked a vulnerability in the Hyperbridge gateway to mint $1 billion unauthorized bridged DOT tokens on Ethereum, according to CertiK.
The attacker gained control of the contract and executed the exploit rapidly. The minted tokens were quickly dumped into the market for an estimated $237,000 profit.
This caused the price of bridged DOT to crash sharply from $1.22 to near-zero levels. In response, major exchanges like Upbit and Bithumb suspended DOT deposits and withdrawals, citing security concerns.
Polkadot clarified that the breach is limited to Hyperbridge-linked DOT on Ethereum, with no impact on native DOT or other bridges.
According to Arkham, Alameda Research moved around 198,000 SOL worth $16 million to a creditor distribution address, similar to a transfer from a month ago.
Even after the transfer, the estate still holds 3.5-3.75 million SOL worth $315 million.
Class 7 convenience claims reached 120% cumulative recovery in the March 31 Fourth Distribution; creditors in that class received more than they were originally owed.
Class 5B US Customers reached 100%. Classes 6A and 6B, covering unsecured and loan claims, reached 100%. Class 5A Dotcom Customers sit at 96%, the one class still short of complete recovery, and the primary remaining obligation for the Fifth Distribution.
Also Read: Bitcoin Price Trades Between $70,000 and $73,000 Amid Global Uncertainty
According to ChainCatcher, among the top 10 exchanges ranked by balance over the past 7 days, Gate recorded the largest decline at 3.88%, followed by OKX with a decline of 2.88%.
Regarding reserve assets, over the past 7 days, only three exchanges experienced net inflows: Bitget saw the largest inflow, amounting to $346 million; Bitfinex followed with a net inflow exceeding $84.01 million.
The top three exchanges with the largest net outflows were Binance (-$228 million), Gate (-$154 million), and Bybit (-$151 million).
XRP is flashing a historically bearish sentiment signal, with the ratio of positive to negative social commentary dropping to around 1.02, one of its lowest readings in two years.
Such levels typically reflect retail exhaustion after prolonged downside, with XRP already down around 60%+ over the last nine months.
Historically, in similar conditions, the token has been preceded by short-term relief rallies. In February 2025, a sub-1.0 reading marked a local bottom before a strong rebound.
1. Why did the AAVE price increase today?
AAVE surged after the DAO approved a growth plan with funding and long-term protocol upgrades.
2. What happened in the Hyperbridge hack?
Hackers minted $1B fake DOT via a contract exploit and dumped it, crashing the token price.
3. Is Polkadot affected by the hack?
No, only bridged DOT on Ethereum via Hyperbridge was impacted, not native DOT.
4. Why is XRP in the FUD zone?
Social sentiment dropped sharply, indicating a bearish retail mood after a prolonged price decline.
5. What does Alameda’s SOL transfer mean?
It is part of creditor repayments, not market selling, showing ongoing liquidation processes.
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