4/20/26

$292M DeFi Exploit, RAVE Crashes 90%, Bitcoin Slides on US-Iran Tensions | Crypto News Today

Welcome to Generational Wealth Investments — your daily source for no-hype crypto market intelligence. Today's 24-hour recap covers a landmark DeFi security breach, a massive token implosion, and Bitcoin's response to escalating geopolitical risk.

Kelp DAO was hit with the largest DeFi exploit of 2026 — $292 million drained and wrapped ETH stranded across 20 chains. Simultaneously, RaveDAO's RAVE token collapsed 90% in one day after Binance and Bitget opened investigations into its rally. On the macro front, renewed US-Iran conflict risk sent Bitcoin, Ethereum, and Solana lower while oil surged. Bitcoin sits near $75K after testing a two-month high of $78K. And in a major institutional development, Russia's Sberbank — serving 110 million customers — is preparing to launch full crypto trading pending central bank approval.

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⚠️ Educational content only. Not financial advice. Crypto is volatile. Do your own research.

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