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07:18
US Media: Closure of the Strait Reflects Internal Divisions in Iran
On April 19, The Wall Street Journal reported that Iran quickly reversed its position on the reopening of the Strait of Hormuz, exposing the growing rift between the country's political leadership and its military hardliners. Iranian Foreign Minister Amir-Abdollahian announced on Friday that the Strait of Hormuz was 'completely open.' However, this statement quickly provoked a strong backlash within Tehran. A recording obtained by the newspaper revealed that a person claiming to be a member of the Iranian Revolutionary Guard Navy stated via maritime radio that the Strait remained closed and that vessels needed permission to pass. 'We will open the Strait according to our leader's orders, not by believing some childish tweets,' said one crew member, indicating that other vessels were responding to this warning. Around the same time, the Tasnim News Agency, affiliated with the Revolutionary Guard, criticized the Foreign Minister for announcing this policy on social media. The agency stated, 'The Foreign Ministry should reconsider this mode of communication.' Senior hardliner lawmaker Morteza Mahmoudi called for the dismissal of Amir-Abdollahian, claiming that his statement led to a drop in oil prices and handed a gift to the United States.
07:15
Morpho co-founder: Exposure to rsETH is extremely limited, with approximately 1 million USD worth of ETH borrowed using rsETH as collateral
Foresight News reports that Morpho co-founder and CEO Paul Frambot posted on Twitter regarding the Kelp DAO attack, stating that Morpho smart contracts are secure and operating normally. Out of thousands of isolated markets, only two markets involve rsETH-collateralized lending, totaling about 1 million USD in ETH; among over 500 Morpho Vaults, only two have exposure to these markets. Thanks to the fully isolated market design, all other Vaults remain unaffected, though second-order effects due to the broader ecosystem exposure cannot be ruled out. Meanwhile, Morpho announced the preemptive suspension of MORPHO token transfers via the OFT cross-chain bridge on Arbitrum, which will only resume once the root cause of the rsETH incident is identified.
07:15
Morpho CEO: KelpDAO Incident Has Limited Impact on the Platform, But Second-Order Effects May Exist
BlockBeats News, April 19th, Morpho Co-Founder and CEO Paul Frambot stated in a post regarding the recent KelpDAO incident: · Morpho smart contract security is still operating as expected; · The exposure is limited, and the curator has taken preventive measures promptly; · Only about $1 million worth of ETH is borrowed against rsETH, distributed across two isolated markets; · Out of around 500 Morpho Vaults (with deposits over $10,000), only 2 are involved in these markets, with the final impact depending on the development of the situation; · Due to Morpho's use of fully isolated market design, all other Vaults remain unaffected. While the direct impact on Morpho is limited, secondary effects may still exist due to the overall ecosystem exposure. Please remain cautious."
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