DeepFlowTech

JackYi pointed out that the core of the past crypto industry’s waves of collapse was wasting capital on useless Web3 development and blindly benchmarking against Web2. Web3 is essentially a financial industry; historically, the most successful products have been financial products, such as stablecoins, exchanges, and payments. With the arrival of the AI era, on the one hand, there is no longer a need for large-scale fundraising to hire; on the other hand, AI + finance brings new opportunities. With a small team of a few top-tier elites, excellent founders can still build top companies—this is currently the biggest opportunity in primary market/early-stage (seed/Series A) investment.

Written by: Oluwapelumi Adejumo
Translated by: Chopper, Foresight News
In less than three weeks, hacker groups linked to North Korea have stolen over $500 million from cryptocurrency DeFi platforms, with the hackers' attack vectors shifting from core smart contracts to infrastructure edge vulnerabilities.
Drift and

X officially announces two community feature adjustments: first, the launch of joinable XChat group chat links that can be shared on the timeline, with an initial member limit of 350, which will be increased later; second, due to declining usage, X Communities will be discontinued on May 6. Administrators are asked to pin the group chat links within two weeks to complete the migration, and the platform will continue to enhance support for vertical communities through features like custom timelines.

Author: Deep Tide TechFlow
U.S. Stocks: Ceasefire + Earnings Reports, Wall Street Opens a Bottle of Champagne
On Wednesday, Wall Street relaxed for the first time in a long while.
The Dow Jones Industrial Average rose 340.65 points (+0.69%) to 49,490.03 points, the S&P 500 closed up 1.05% at 7,137.90 points, and the Nasdaq Composite gained 1.64% to 24,657.57 points, both hitting new all-time highs. The Nasdaq also touched a record high intraday, becoming the first index to recover lost ground in this round of Iran war market sentiment. The Russell 2000 small-cap index increased 0.74%, and the VIX volatility index dropped 2.97% to 18.92, indicating continued easing of panic sentiment.
The momentum came from two simultaneous forces.
First, after the market closed, Trump announced an indefinite extension of the U.S.-Iran ceasefire, using rather unusual language, stating that the Iranian government is "

The U.S. military's Paparo stated at a House Armed Services Committee hearing that the U.S. government is operating Bitcoin nodes for cybersecurity testing but not mining. The goal is to use Bitcoin-related technology as a computing tool to strengthen cybersecurity and military capabilities, and it is in the experimental stage. He also said that the dollar's global dominance aligns with military interests and is optimistic that the GENIUS Act will help consolidate the dollar's position.

To alleviate the liquidity exhaustion in the Aave v3 ETH USDC pool, a two-step adjustment is proposed: the first step is to immediately increase Slope 2 from 10% to 40%, reduce the optimal utilization rate from 92% to 87%, and suspend the USDC Slope 2 risk oracle; the second step is to raise Slope 2 to 50% and lower the optimal utilization rate to 85% within 5-7 days. By pushing the maximum supply rate to the 40-50% range, it will attract USDC entry, reduce utilization, and restore clearing. Additionally, it is recommended to suspend Chaos Labs' Slope 2 oracle due to slow response and uncertain maintenance.

Author: Deep Tide TechFlow
Yesterday’s Market Dynamics
The Thai SEC plans to open digital asset derivatives business license applications, allowing applicants to apply without establishing a new company
According to an official announcement from the Thai Securities and Exchange Commission (SEC), the Thai SEC is soliciting public comments on proposed adjustments to the licensing rules for futures contract business. The core content is to allow existing digital asset business operators to directly apply for futures contract business licenses without establishing a new company. At the same time, digital assets will be formally included in the scope of reference assets for futures contracts.
Aave founder: Working with multiple parties to push forward a solution; has recovered $70 million worth of ETH
Aave founder Stani said that the team has been continuously advancing incident handling recently. At present, the top priority is to safeguard users’ interests. All decisions are intended to orderly restore normal market conditions and strive for the best outcomes for all parties. He said that the team is working with multiple partners to advance multiple lines