Category: DeFi Digest
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Cetus Protocol hit by $260 mln hack – SUI drops 15% amid security crisis
Cetus Protocol on Sui blockchain hacked, losing $260M. SUI price dropped 15%. Hacker converted funds to USDC and ETH. Cetus froze $162M in assets, collaborating to recover stolen funds.
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Cetus Protocol Hit by $223 Million Exploit — Hacker Offered $6M to Return Funds News ETHNews
Cetus Protocol, a leading DEX on Sui, lost $223M in a spoof token exploit. The hacker manipulated pricing mechanisms, bridging $60M to Ethereum. Cetus offers a $6M bounty for fund return.
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DeFi near-zero onboarding costs can help 1.4B unbanked: 1inch co-founder
1inch co-founder highlights DeFi’s near-zero onboarding costs compared to traditional banks, enabling financial access for 1.4B unbanked with just a smartphone and internet.
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Cetus Offers $6M Bounty to Hacker for Return of $56M in Stolen ETH
Cetus Protocol offers a $6M bounty to recover $56M in stolen ETH from a $223M exploit. Sui validators froze addresses, pausing $162M in tokens, sparking centralization concerns as CETUS token value dropped 50%.
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OKX Launches xBTC on Aptos Blockchain to Enhance Bitcoin-Backed DeFi
OKX launches xBTC, a wrapped Bitcoin on Aptos blockchain, enabling fee-free access to BTC-backed DeFi applications, enhancing liquidity and interoperability in the Aptos ecosystem.
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From Wall Street to Crypto: Sebastian Bea on the Institutional Playbook for Digital Assets – Interview Bitcoin News
Coinbase’s Sebastian Bea discusses the Bitcoin Yield Fund for institutional investors, evolving crypto attitudes, bitcoin ETFs’ impact, and macroeconomic trends driving adoption as a store-of-value asset.
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Active DeFi loans hit all-time high at $23.7B as TVL nears pre-tariff levels
Active DeFi loans reached a record $23.7B as TVL nears pre-tariff levels, driven by increased lending on platforms like Aave and Compound, despite broader market fluctuations.
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Sui validators freeze majority of stolen funds in $220M Cetus hack
Sui validators froze $162M of $220M stolen in Cetus DEX hack. The team collaborates with Sui Foundation to recover remaining funds amid rising crypto security concerns in 2025.
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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.
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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.
