Aave's total value locked (TVL) dropped by $8 billion following a $293 million exploit involving Kelp DAO. Attackers exploited the LayerZero bridge, stealing 116,500 re-staked ETH and using it as collateral on Aave v3, resulting in $195 million in bad debt. This led to a liquidity crisis, with Aave's TVL falling from $26.4 billion to $18.6 billion in 24 hours. The Aave token price also fell nearly 20% amid the turmoil. In other developments, Michael Saylor hinted at further Bitcoin purchases after Strategy acquired 13,927 bitcoins for $1 billion. Meanwhile, a U.S. court ruled that Caitlyn Jenner's memecoin is not a security, dismissing claims of it being an investment contract. Additionally, Southeast Asia's first tokenized gold fund, GOLDX, was launched by OCBC, Lion Global Investors, and DigiFT, offering a regulated investment backed by physical gold.