Solana (SOL) – Real Price & Market Analysis – May 22, 2025 News ETHNews
Solana (SOL) trades at $179.42, up 3.35% daily, with strong technical momentum. Key ecosystem updates include R3’s $10B asset tokenization and Ledger’s Solana wallet. DeFi Development Corp holds 400K SOL, leveraging staking and DeFi protocols.
Synthetix Drops $27M Derive Deal After Community Pushback
Synthetix cancels $27M Derive acquisition after community backlash over token exchange terms and valuation concerns, despite initial plans to merge expertise.
OKX Unleashes xBTC on Aptos – 1:1 Wrapped Bitcoin Flows Fee-Free Into DeFi
OKX launched xBTC, a 1:1 Bitcoin-backed token, on Aptos, enabling fee-free Bitcoin liquidity in DeFi. The integration aims to expand BTC utility in fast, low-cost DeFi applications across multiple blockchains.
InfoFi: Emerging Speculation Markets
InfoFi creates tradable markets for non-price signals like mindshare and credibility, expanding beyond prediction markets to enable real-time information discovery through speculation.
Sonic Labs GSR Alliance to Turbocharge S Token – Will Liquidity Surge Next?
Sonic Labs partners with GSR as market maker for S token to boost liquidity and DeFi growth. GSR will support ecosystem development and community events. Sonic Labs also secures court-ordered liquidation of Multichain Foundation.
Sui-based Cetus Protocol suspends operations following $260 million oracle exploit
Cetus Protocol, a Sui-based DEX, halted operations after a $260M oracle exploit. The attacker drained funds, swapped to USDC and ETH, causing CETUS token to drop 24% and affecting Sui ecosystem tokens.
SUI-Based Cetus Protocol Reportedly Exploited for Over $260M, Investigation Underway
Cetus Protocol on Sui blockchain exploited for $260M, assets swapped to USDC and ETH. Token values plummeted; investigation ongoing with contracts paused.
Cetus Protocol Hacked for $200M+ – SUI Price Crashes as $60M USDC Moved to Ethereum
Cetus Protocol on Sui blockchain hacked for over $200M, causing token crashes. Attacker moved $60M USDC to Ethereum. SUI price plummeted as DeFi confidence wanes amid growing crypto hack concerns.
Sui’s Cetus DEX Exploited, About $11 Million Drained as Tokens Plunge 75%
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.
Sui DEX Cetus suspected of being hacked, liquidity pools drained and token prices plunge
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.
