DeepFlowTech

As the controversy over the Iran ceasefire agreement intensifies, U.S. crude oil rebounded 8% after falling, cryptocurrencies weakened, BTC dropped to $74,000, and ETH approached $2,300. The market is focused on the duration of the conflict, with the Strait of Hormuz remaining closed and negotiations still uncertain.

Coinbase launched a crypto collateralized lending service in the UK on April 20, allowing users to use BTC, ETH, and cbETH as collateral to borrow USDC within 1 minute. The service is supported by Morpho and will be available in the United States in January 2025, with total loans exceeding 2.17 billion USDC. Users can view related information within the app.

Author: David, Deep Tide TechFlow
After the Kelp DAO hacking incident, AAVE dropped from $112 to around $90 , a 20% decline in 24 hours.
At the same time, Aave also recorded $195 million in bad debt. I believe most of the previous AAVE holders were caught in the crossfire, or those trying to leverage this news for contracts, are most concerned with one thing:
Is this 20% drop over, or just the beginning?
I tend to believe there will be a short-term rebound, and the volatility is not over yet. Because what has actually dropped now is emotion, reflecting the market’s initial pricing of the impact of the negative event involving KelpDAO on AAVE.
The real variable that determines AAVE’s price movement is actually who will fill the $195 million bad debt hole.
First, let’s quickly review the background.

The Supreme People's Court released the 2025 status of judicial protection of intellectual property rights, estimating 552.6k new cases received and 539.6k cases concluded. The courts are strengthening the adjudication of AI-related cases and are preparing to formulate relevant opinions to promote the healthy development of artificial intelligence.