DeepFlowTech

Aave service providers, including EtherFi, KelpDAO, LayerZero, and Compound, submitted governance proposals to Arbitrum DAO to request the release of ETH frozen due to the rsETH incident on April 18; if approved, they will inject into the cross-protocol recovery plan DeFi United to restore rsETH reserves and compensate users' losses. Aave DAO also proposed contributing 25,000 ETH to participate in the plan to stabilize the market, and the proposal is currently open for community discussion and voting.

Iranian lawmakers say they will develop a comprehensive management plan for the Strait of Hormuz, requiring all correspondence and documents to refer only to the "Persian Gulf," ships within the region must obtain Iranian permission, and sovereignty over the strait is fully held by Iran. Ships from hostile countries are not allowed to pass, especially Israeli vessels. Those permitted to pass must pay fees for security, environmental protection, navigation management, and permits, with priority payments made in rials.

DeepSeek is currently in talks with Tencent and Alibaba regarding financing. It is expected that the two will jointly invest about $1.8 billion, with a valuation of roughly $20 billion, though the transaction has not yet been finalized. The core reason is the loss of members of the research team, with some moving on to ByteDance, Tencent, Xiaomi, and Yuanrong Qihang. Competitors Zhipu AI and MiniMax have already listed on the Hong Kong Stock Exchange, and Moonshot’s Dark Side completed three rounds of financing in the first three months, with its valuation more than doubling compared with the end of last year. Investments from Tencent and Alibaba will help diversify risks in the AI sector and deepen cooperation at the model and product levels.

The Brazilian Ministry of Finance announced the banning of 27 prediction market platforms, which took effect in early May, prohibiting prediction contracts based on sports, politics, entertainment, or social events, and only allowing contracts linked to economic indicators such as inflation, interest rates, exchange rates, and commodity prices. Ministry of Finance Executive Secretary Dario Durigan stated that such markets could deepen debt risks for families and small to medium-sized enterprises, and similar restrictions are in place in countries like France, Belgium, and the Netherlands.

SEALCOIN launches an early access event called Spacedrop, with the slogan "Not an airdrop. A spacedrop." emphasizing infrastructure-driven participation rather than airdrops. Participants engage by completing tasks, earning points, minting SBTs, and other interactions to familiarize themselves in advance with the underlying network, identity systems, and ecosystem participation processes. Spacedrop combines satellite communication with blockchain to promote the implementation of real M2M application scenarios. Due to regional regulatory influences, identity verification may be required; currently, participation is open through official channels.

Deep Tide Report: Giancarlo Lelli has publicly demonstrated deriving a 15-bit elliptic curve private key from a public key using a variant of Shor's algorithm on quantum hardware, completing the largest public demonstration to date and winning the Q-Day Award. Despite this, the real Bitcoin has not been cracked, and 256-bit curves are still far beyond current quantum capabilities. Google has lowered its resource estimates for ECDLP and set a migration target after 2029, with Cloudflare and NCSC following up. Approximately 6.93 million BTC public keys exposed on the blockchain pose potential risks, with BIP360/361 proposing quantum-resistant output migration, but decentralized network coordination remains a challenge.

Deep Tide TechFlow News, April 25th, according to a report released by a16z crypto researcher Robert Hackett and Jeremy Zhang, stablecoins are evolving from early trading tools and savings vehicles into core financial infrastructure.
On the regulatory front, the U.S. GENIUS Act established the first federal stablecoin issuance framework, and although the European MiCA regulations led to the delisting of USDT on some exchanges, they also spurred ongoing demand for non-dollar stablecoins, with monthly trading volumes remaining steady between 15 billion and 25 billion USD.
In terms of usage, 2025

The French Anti-Organized Crime Prosecutor’s Office Pnaco disclosed that since 2023, kidnapping and extortion cases involving cryptocurrencies have risen sharply: 18 cases in 2024, 67 cases in 2025, 47 cases in 2026, for a cumulative total of 135 cases. At present, 12 cases are ongoing, 88 people have been prosecuted, and 75 people are in custody (including more than 10 minors). The investigation revealed structured criminal networks and multiple repeat offenders. Typical cases include in December 2025, in Charente-Maritime, the forced transfer by a couple of approximately 8 million euros in cryptocurrency, and in January 2025, the kidnapping of David Balland, co-founder of Ledger. Pnaco will step up efforts nationwide to combat these crimes.

SpaceX's June IPO could become the largest in history, potentially surpassing Saudi Aramco's 2019 fundraising record; OpenAI and Anthropic also plan to go public in the second half of the year, with the three companies potentially attracting over $240 billion in funding, which could mark a liquidity turning point in the crypto market. Large IPOs or significant outflows from risk assets may reduce liquidity, as BTC/ETH and U.S. stock market risk appetite are highly correlated; funds shifting to tech stock IPOs could weaken buying pressure.