Crypto Market 24-Hour Hotspot Overview: Geopolitical Turmoil Stirring the Market, DeFi Hack Incident Drawing Attention

Over the past 24 hours, the crypto market has been mainly characterized by fluctuations. Bitcoin (BTC), driven by heightened sentiment from Japan’s inflation data and the Iran situation, has been locked in a tug-of-war within the $77,000–$78,000 range. Although it briefly pushed toward the $80,000 resistance level, the overall uptrend has slowed. Multiple spot BTC ETFs have recorded net inflows of capital, whales have continued accumulating, and institutional confidence remains. Ethereum (ETH), meanwhile, has retreated slightly alongside the broader market, while the DeFi sector has seen high activity.

The biggest focus is a DeFi security incident: KelpDAO was hacked, with losses of approximately $292 million. Aave quickly took the lead in a rescue operation worth $101 million, and, together with multiple protocols, helped stabilize rsETH’s peg, demonstrating the industry’s ability to self-rescue.

In addition, a member of the U.S. Army Special Forces was arrested for placing bets on the Venezuelan raid incident (involving $400,000) on Polymarket, highlighting regulatory risks in prediction markets. Tether froze $344 million in illegal funds on the Tron chain. Justin Sun filed a lawsuit against the World Liberty Financial project from the Trump family. Overall, macro uncertainties coexist with institutional participation, and the market remains in a cautious rebound phase. Investors need to keep an eye on geopolitical and policy developments.
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