Pacifica Launches Spot Trading and Unified Margin System, Allowing Traders to Offset Spot and Perpetual Positions for Net Account Settlement

April 24: Marc Zeller, founder of Aave Chan Initiative (ACI)—an Aave ecosystem contributor—posted a message proposing a non-donation approach to address a deficit, rather than launching a donation drive. The proposal includes: - Creating a deposit vault named “DeFi United ETH” - Redirecting Aave’s wETH revenue to the vault, with a 5% annual yield cap - Tokenizing the vault’s deposit certificates for trading under the name “AaveETH” - Using interest and principal to gradually cover the deficit Zeller also recommended allowing user deposits and capping the vault’s capacity at the size of the worst-case deficit. He noted that if this approach had been adopted earlier, enough funds might have been raised as early as last Saturday. He emphasized Aave’s financial strength: the protocol generates sufficient income, and both Aave DAO and Labs hold reserves in the hundreds of millions of dollars—enough to resolve the issue without sparking market panic. Zeller added he would de

On April 24, KelpDAO announced that since April 18, it has been closely collaborating with Aave within the ecosystem to coordinate fund recovery efforts for rsETH holders, while disclosing current progress and future plans. Projects including ether.fi, Ethena, Lido, Golem, Mantle, LayerZero, and others have committed to providing support to the best of their ability, with more announcements forthcoming. The incident’s initial shortfall was 163,200 ETH. To date, Kelp has recovered 40,300 rsETH (equivalent to roughly 43,000 ETH), and the Arbitrum Security Council has secured an additional 30,700 ETH. After these recoveries, the remaining shortfall is approximately 89,500 ETH. Of the remaining shortfall, public commitments from Mantle, Stani, EtherFi, Lido, Golem, and others total roughly 43,500 ETH. Kelp noted it is in further communication with relevant parties to finalize specific funding arrangements. rsETH holders remain a top priority, and more commitments and updates will

April 24 — A CNN report notes that Trump is working to demonstrate to two key groups — the Iranian leadership and the American public — that he is the decision-maker regarding this conflict. The issue, however, is that neither side appears to be taking his statements seriously. The core question in this showdown is which side has the political will to outlast the other. Trump faces a challenging situation: for weeks, he has articulated conflicting views on his strategy, and these views often clash with on-the-ground realities. Moreover, he insists he is not concerned about the timeline of the Iran conflict — a move that may be an attempt to mask the mounting pressure the prolonged standoff is placing on him. Growing evidence indicates Iran not only believes it holds the upper hand (having leveraged its geographic advantage to exert asymmetric pressure on the U.S.) but is also willing to pay any price to secure victory. (Kin-Sun)

**April 24** CryptoQuant analyst Axel Adler Jr. reported that selling pressure from Bitcoin Short-Term Holders (STHs) has eased significantly in April. Data shows the STH discount (current price vs. STH cost basis) has narrowed from -21.6% at the start of the month to -5.7% as of April 24. Meanwhile, the 7-day STH-SOPR (Spent Output Profit Ratio) has risen above 1.0—meaning STHs are no longer selling at a loss overall. ### Key Details: - Bitcoin’s current price hovers around $78,200, while the STH cost basis sits at ~$83,000. The price remains below this level, so the market hasn’t entered the "premium range" yet. - Historically, the $83k STH cost basis has been a critical turning point: A reclaim and stable hold above this level typically signals a more certain uptrend. ### Current Assessment: Adler stressed the rebound is a **structural repair phase**, not confirmation of a new uptrend. While selling pressure has eased, the STH-SOPR is only slightly above 1—indicatin

April 24th — Bitwise data shows U.S. spot Bitcoin ETFs have accumulated a total of 18,991 BTC over the past five trading days, nine times the amount of newly mined Bitcoin (2,109 BTC) in the same period.

On April 24, Chinese Foreign Ministry Spokesperson Guo Jiakun responded to U.S. accusations that China has “stolen” intellectual property from American AI labs during a regular press briefing. He noted the U.S. claims are groundless and represent a smear against China’s AI industry’s development gains. China firmly opposes such allegations and urged the U.S. to respect facts, abandon bias, stop suppressing Chinese tech, and take more steps to advance bilateral technological exchange and cooperation. (Xinhua News Agency)