Last week, ZBT continued its steady trajectory, delivering a strong performance.

Based on aggregated data from major mainstream trading platforms, ZBT recorded a trading range of $0.0942 to $0.1236 this week.

Throughout this period, market liquidity remained robust, with the average Top-of-Book Spread consistently holding at an exceptionally tight level of 0.45%.

The order book continued to exhibit tight spreads, fully underscoring the asset's sustained deep market depth and its efficient price discovery mechanism.

On April 18–19 Kelp DAO suffered a major hack, resulting in losses of approximately $292 million.

Hackers exploited a vulnerability in its LayerZero-based cross-chain bridge by forging messages to mint about 116,500 unbacked rsETH tokens.

These tokens were deposited into lending platforms such as Aave and SparkLend, allowing the attackers to borrow roughly $236 million in real ETH.

The incident triggered massive bad debts on the platforms and sparked widespread withdrawal panic. Kelp DAO has paused its core contracts and is jointly investigating with LayerZero, while rsETH trading has been urgently frozen across multiple chains.

The root cause lies in a flaw in the cross-chain bridge’s verification configuration.

Stay vigilant and protect your assets, and remember, you can always trust ZEROBASE.

Crypto market extended its rebound this week with noticeably stronger momentum after recent consolidation.

Total market capitalization pushed higher, reclaiming the $2.5T level and testing fresh weekly highs. Bitcoin broke out from its recent range, climbing from around $71,000 early in the week to a peak near $78,300 before settling in the $74,800–$75,500 zone by Sunday — posting a solid weekly gain of approximately 6–7%.

ETH mirrored the strength, advancing from roughly $2,150 into the $2,300–$2,350 range.

Derivatives data reflected this bullish shift: total open interest continued to climb into the $118–124B territory (up roughly 3–6% week-over-week), 24-hour liquidations stayed relatively controlled between $220M–$380M, and funding rates on leading contracts such as BTC/USDT remained positive for most of the period, indicating growing trader conviction.

Macro headwinds were still present, with ongoing geopolitical strains in the Middle East and recent inflation data keeping expectations for monetary easing in check.

Despite these factors, the market showed resilience through renewed buying interest from both retail and institutional participants.

Bitcoin spot ETFs once again attracted healthy inflows, reinforcing institutional participation, while prior regulatory developments continued to provide a favorable backdrop for the sector.

In summary, this week delivered a convincing recovery in both spot prices and derivatives positioning.

Although the Crypto Fear & Greed Index remained locked in Extreme Fear territory, the combination of rising prices, expanding open interest, and steady ETF flows suggests building momentum as we move deeper into the second quarter.