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Aave published an update on the second phase of its rsETH incident recovery plan following the exploit linked to the DeFi United coalition recovery effort. According to Aave, eight identified positions connected to the thief on Aave V3 Ethereum Core and Arbitrum were liquidated on May 6. The recovered rsETH collateral was transferred to the Recovery Guardian under a previously approved Aave Improvement Proposal.

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The streak of capital flowing into U.S. Bitcoin exchange-traded funds came to an abrupt halt on May 7, with institutional investors pulling $277.5 million from spot products. This reversal ended a remarkable accumulation phase that had attracted more than $1.6 billion since the beginning of May.

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Matthew Sigel, who leads digital assets research at VanEck, made headlines this week by projecting Bitcoin could surge to $1 million over the coming five-year period.

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A 65,900% price surge. That's what followed the last time XRP touched the trendline it's sitting on right now — back in 2017, when the token was trading at less than a penny.