DeFi Crisis: Two Hundred Ninety-Two Million Dollar Exploit Triggers Massive Withdrawal Wave

Today's episode covers the devastating Kelp DAO exploit that drained nearly three hundred million dollars and sparked a thirteen billion dollar DeFi liquidity crisis. We examine how the attack exposed critical vulnerabilities in cross-chain infrastructure and triggered massive withdrawals from Aave and other lending protocols. Plus, we analyze Bitcoin's resilience amid renewed US-Iran tensions, Michael Saylor's upcoming Bitcoin purchase announcement, and shifting institutional flows as crypto markets navigate geopolitical uncertainty. Bitcoin currently trades at seventy-five thousand fifty-one dollars, Ethereum at two thousand three hundred four dollars, and AAVE at eighty-nine dollars eighty-seven cents following the turbulent weekend.