News

Foresight News reports that Venus Protocol tweeted that the platform has zero exposure to rsETH, no bad debt has been generated, and user funds are safe. As a precaution, following the advice of risk manager Allezlabs, the platform has temporarily set the collateral factor of the following six assets to 0: USDe, sUSDe, SolvBTC, xSolvBTC, USD1, and XAUM. Users can still repay and withdraw these assets directly through the Venus UI, and further updates will be released when the collateral ratio returns to normal.

Foresight News reported that, in response to the recent Kelp DAO cross-chain bridge attack incident, Ondo Finance stated in a post that the Ondo Bridge is currently operating securely, with no loss of funds or any abnormal events. Ondo Bridge is also built on LayerZero, adopting a customized security architecture composed of four independent decentralized verification networks (DVNs): FCAT, LayerZero Labs, Canary, and Ondo’s own validator. Even if a single DVN experiences an issue, the security of transfers can still be ensured.

```htmlGolden Ten Data reported on April 19 that the government of Victoria, Australia has announced that all public transportation will be free to ride in May, and ticket prices will be halved for the rest of the year. The cost of this initiative is approximately AUD 432 million (USD 310 million). The move aims to provide greater support to consumers affected by high oil prices, as the Middle East war has caused fuel prices to surge. Additionally, one of Australia's only two remaining refineries suffered a fire recently, further intensifying concerns over fuel supply.```