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Elon Musk Approves New SpaceX Mascot Asteroid Shiba, XRP Emerges as Bridge in Tottori Bank-SBI Remit Deal, TRON Founder Contacts KelpDAO Hacker Amid $6 Billion Ethereum Outflow — Morning Crypto Report

Elon Musk’s confirmation of “Asteroid Shiba” as SpaceX’s mascot sparked a meme-coin rush, with Ethereum-based ASTEROID tokens’ market cap jumping from about $17M to over $160M. Ripple’s on‑ramps advance as SBI Remit and Tottori Bank launch an XRP-backed cross‑border remittance service on April 20, using XRP as an optional bridge for fast micro‑remittances. A major DeFi shock hit Ethereum liquidity after the KelpDAO exploit enabled minting of 116,500 unbacked rsETH and a ~$236M WETH borrow on Aave, triggering roughly $5.4B in withdrawals; Justin Sun withdrew 65,584 ETH (~$154M) and publicly tried to negotiate with the exploiter. Bitcoin remains rangebound near $75k, supported by ~$996M in weekly ETF inflows, with traders watching U.S. retail sales and labor data for the next leg. Market impact is mixed: meme/speculative activity and XRP on‑ramp adoption are bullish for activity, while the rsETH/Aave crisis damaged confidence in liquid restaking and forced large capital outflows from Ethereum DeFi.

Category

Ethereum

Sentiment

Mixed

Event

Institutional flow

Reading time

1 min