Author: CryptoHoppers

Key Takeaways Cetus Protocol on Sui blockchain was targeted by a cyberattack, draining multiple liquidity pools. Several liquidity pool tokens on Cetus plunged by up to 80% following the incident. Share this article Cetus Protocol, a key decentralized exchange and liquidity provider on the Sui network, suffered severe disruption in the early hours of Thursday after over $260 million was drained from its liquidity pools.Initial reports from users and on-chain data indicate that approximately $11 million worth of SUI was withdrawn from the SUI/USDC liquidity pool on the Cetus Protocol.Immediately after the incident surfaced, the price of SUI fell sharply…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to a recent conference call, Méliuz Chairman Israel Salmen likened Bitcoin to a “nuclear reactor” after the company’s stock saw a sudden surge. The fintech firm won shareholder approval to become Brazil’s first Bitcoin treasury company. Shareholders backed the shift by a large margin. Salmen said the move marks a new path for Méliuz, one that ties the firm’s health directly to the performance of Bitcoin per share. It was a bold turn that has already caught the eye of investors at home and abroad. Image:…

U.S. stocks dipped in early trading on Wednesday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite opening lower amid renewed jitters over trade tensions between China and the United States. With stocks paring some gains early in the day, Wall Street’s pensive mood continued into market open with U.S.-China flare up over chips at the center stage. The Dow Jones Industrial Average opened 300 points lower, down 0.7%, while the S&P 500 slipped 0.53%. The Nasdaq also traded in the red, opening 0.57% lower. Declines for the Dow, Nasdaq and S&P 500, which snapped its six-day winning…

Key Takeaways Coinbase disclosed a data breach affecting 69,000 users, caused by insider access. Impacted customers receive complimentary credit monitoring and identity theft protection. Share this article Coinbase’s recently disclosed data leak, which was the result of staff misconduct, affected over 69,000 users, including upwards of 200 in Maine, the company said in a filing with Maine authorities.The incident, which occurred in late December 2024, went undetected until May 11, 2025, according to the disclosure.Coinbase said it is offering affected users one year of free credit monitoring and identity protection through IDX as part of its effort to mitigate the…

We all know AI Agents are the future of Web3 and how IoT makes change happen. It’s a new way of thinking that crosses borders and cultures. Coral Protocol sees how AI Agents can work as massive decentralized teams across companies and economies. Its ideas are making a new digital reality possible. AI Agents can use the digital space to accomplish goals, but they could also work with each other in the global digital space with a common infrastructure connecting them. Coral Protocol created an infrastructure that connects AI Agents and allows monetized interaction at-scale. It’s an idea that challenges…

Sonic SVM chain on Solana is introducing a new burn mechanism to boost buying pressure on its token and liquidity. Solana-based (SOL) Sonic SVM (not to be confused with Sonic, formerly Fantom) is making a key change to its tokenomics. On Monday, May 19, in a press release shared with crypto.news, Sonic SVM announced an overhaul to its token burn model. Under the new mechanism, 50% of all transaction fees will be used to buy SONIC tokens on the open market. Sonic SVM is a Solana-based blockchain built using the Solana Virtual Machine. It acts as a sort of layer…

Ripple, a leading digital asset infrastructure provider for financial institutions, has added two new customers in the UAE using Ripple Payments. Following its milestone as the first blockchain-enabled payments provider licensed by the Dubai Financial Services Authority (DFSA), Ripple named Zand Bank and Mamo as its first blockchain payment clients in the UAE. This move highlights Ripple’s expanding role in bringing blockchain technology to the region’s financial sector. Source link

Key Takeaways Strategy purchased 7,390 Bitcoin for $555 million at an average price of $103,498. The company aims to hold $42 billion in Bitcoin by 2027, accumulating 576,230 BTC so far. Share this article Michael Saylor’s Strategy on Monday disclosed it had purchased 7,390 Bitcoin between May 12 and 18, investing around $765 million in the acquisition. With this move, the firm has boosted its Bitcoin holdings to 576,230 BTC, currently worth over $59 billion.The software firm financed its latest Bitcoin acquisition through capital raised from its common stock offering and a Series A perpetual convertible preferred stock issuance, according…

XRP was trading at $2.39 on May 18, 2025, with a market capitalization of $140 billion. The 24-hour trading volume stood at $2.07 billion, with intraday price fluctuations between $2.30 and $2.407. XRP On the one-hour chart, XRP is exhibiting a modest uptrend after bouncing off the $2.30 level. The pattern of higher lows alongside […] Source link

Base Chain, Coinbase’s layer-2 blockchain network launched in 2023, is doing well. Its key metrics are jumping, and market share growth continues.  Nansen data shows that Base has solidified its position as the biggest player in the layer-2 industry. Its weekly transactions jumped by 27% to 65.9 million, much higher than Ethereum’s (ETH) 9.4 million.  Base’s active addresses jumped by 42% in the last seven days to 9.7 million, higher than Ethereum’s 2.14 million. It has also overtaken other popular layer-2 networks like Arbitrum, Polygon, and Optimism.  Base Chain metrics | Source: Nansen More data by DeFi Llama shows that…