News

On April 28, the ongoing uncertainty surrounding the Iran war put pressure on gold prices, with the main international gold futures contract dropping by 1% at one point. The Wall Street Journal reported that Iran has proposed a new initiative to halt attacks in the Strait of Hormuz in exchange for a comprehensive end to the war and the lifting of the U.S. blockade on Iranian ports. Additionally, discussions regarding Iran's nuclear program will also be postponed. RJO Futures noted in a research report that gold prices currently appear to be in a consolidation phase and are 'gathering momentum, preparing for the next significant directional move.'

CBOT corn futures rose by 1.29%, closing at $4.6950 per bushel. CBOT wheat futures rose by 2.27%, closing at $6.3075 per bushel. CBOT soybean futures rose by 1.08%, closing at $11.9125 per bushel, soybean meal futures rose by 2.89%, and soybean oil futures rose by 0.53%. CBOT lean hog futures rose by 0.27%, live cattle futures rose by 1.67%, and feeder cattle futures rose by 1.81%.

Aave V3 liquidity dropped by 4 billion USD within 29 hours following the Kelp DAO rsETH bridge vulnerability. WETH utilization reached 100% in 1.4 hours and peaked 7 hours before protocol guardians initiated a freeze. The contract continued to operate normally, but the bridge was not spared.