Category: DeFi Digest

Cetus Protocol, Sui’s top DEX, was exploited on May 22, losing $11 million. The attack caused token values to plummet by 75%, marking a significant security breach.

Cetus Protocol on Sui blockchain suffered a cyberattack, draining liquidity pools and causing token prices to drop by up to 80%. Trading halted; team yet to comment.

OKX launches xBTC, a wrapped Bitcoin token, on Solana, Sui, and Aptos networks, enabling BTC holders to engage in DeFi activities across multiple blockchains as Bitcoin hits $111k.

Hyperliquid achieves $8.9B open interest as Bitcoin surpasses $111K, with $5.4M in fees and $3.2B USDC TVL. A trader’s $1B leveraged BTC bet highlights market activity amid macro shifts.

UGO Token launches on PancakeSwap with a hybrid model focusing on fairness, sustainability, and utility. It features locked VC/team tokens, decentralized pricing, and no whitelist restrictions.

Synthetix canceled its $27M acquisition of Derive due to community concerns over token exchange rates and deal benefits, opting to explore other decentralized derivatives opportunities instead.

RabbitX founder Ming Wu discusses the platform’s permissionless perpetual futures exchange, offering zero fees, 50x leverage, and 100+ markets, while sharing insights on DeFi and crypto trading.

AAVE’s price surges 11% amid DeFi growth, with TVL hitting $25B and $10B in active loans. Bullish metrics suggest potential breakout past $265 resistance if momentum continues.

Best Wallet secures $12.5M funding to support AI-driven crypto trading with high-frequency infrastructure, cross-chain flexibility, and tools like a projects filter and crypto debit card.