28 May 2025, 19:13

BIMA and exSat partner to expand BTC-backed DeFi

BIMA, a decentralized finance protocol focused on Bitcoin-backed stablecoins and yield strategies, has partnered with exSat, a Bitcoin banking provider and layer-2 network, to help accelerate the adoption of Bitcoin-based DeFi. The two platforms announced their strategic partnership on May 28, 2025 amid the high-profile Bitcoin ( BTC ) conference in Las Vegas, BIMA and exSat’s quest to bolster Bitcoin’s decentralized finance ecosystem begins with an initial deployment of $100 million in BTC. Growth will see the platforms scale this deployment from 1,000 BTC to over 5,000 BTC worth $500 million. BTC-backed stability, now in Vegas ⚡ pic.twitter.com/9XBRiNydbV — BIMA (@BimaBTC) May 28, 2025 The partnership follows BIMA’s recent mainnet launch, during which it introduced USBD, a Bitcoin derivative-backed and over-collateralized stablecoin. USBD is designed for capital efficiency, enabling users to engage in yield strategies while retaining exposure to BTC’s upside. You might also like: Norway-based K33 secures 60 million SEK for its Bitcoin treasury BIMA aims to deliver the benefits of DeFi to Bitcoin holders, offering institutional-grade access to yield—without requiring users to sell their BTC. Both decentralized and centralized finance participants can leverage USBD’s structure to unlock on-chain yield and stability. “This partnership with exSat marks a major step towards mobilizing Bitcoin as a productive asset in DeFi,” said Sid Sridhar, founder and chief executive officer of Bima. “exSat, a Bitcoin banking service provider, is building the financial rails for a programmable Bitcoin economy – one where holders can earn, stake, and participate in on-chain yield strategies without ever leaving the Bitcoin standard. Bima provides the infrastructure to help realize that vision, enabling capital-efficient, secure deployment of USBD across both DeFi and CeFi ecosystems.” As part of the collaboration, BIMA becomes the official stablecoin partner of exSat, which will in turn deploy its native assets, including esBTC and iBTC into BIMA vaults and structured products. exSat founder Yves La Rose, commenting on the partnership and what it means for the ecosystem, noted: “exSat is laying the groundwork for a sovereign Bitcoin banking layer, and this collaboration with BIMA brings us one step closer. By enabling users to borrow USBD against their Bitcoin and access permissionless yield strategies, we’re expanding Bitcoin’s utility without requiring users to exit their positions.” You might also like: Dorsey’s Block to enable Bitcoin payments for nearly 4m Square merchants by 2026

28 May 2025, 19:06

Vitalik Buterin Hints Ethereum Could Replace Centralized Systems: Details

Vitalik Buterin has teased another opportunity for Ethereum to take on centralized systems. This is because Sweden and Norway have been working to become less dependent on fiat currencies. Most payments in these countries use digital systems like apps and payment cards. However, recent events have shown the risks of relying too much on these centralized systems. Both countries have now asked their citizens to keep some cash as a backup. This situation has raised interest in decentralized systems like Ethereum (ETH). Vitalik Buterin, Ethereum co-founder, believes the network could be safer if regular payment systems fail. Why Centralized Payment Systems Are Vulnerable In Sweden, cash was used for only about 1% of all payments. In Norway, most payments were made using the Vipps app. However, the war between Russia and Ukraine shows how weak these systems can be. Attacks on physical infrastructure, such as power and the internet grid, can completely stop digital payments. As a result, the Swedish and Norwegian governments have said keeping some cash for emergencies is essential. Buterin Sees Ethereum as a Decentralized Alternative In light of these events, Ethereum’s creator pointed out that blockchain networks could fill this gap. Ethereum runs on a decentralized system, meaning no one government or company controls it. Vitalik asserted that this makes it more secure and less likely to fail under pressure. Some experts say Ethereum is already strong enough to handle large amounts of digital transactions without failure, thanks to recent system updates like Pectra . Decentralized finance (DeFi) protocols built on Ethereum handle billions of dollars safely and reliably. They are built to resist hacking and censorship from the start. Despite these strengths, Ethereum has a major weakness when replacing cash. Currently, using the Ethereum network requires a working device, a secure wallet, and internet access. This could be a serious problem in times of war, natural disasters, or cyberattacks. On the bright side, Buterin said ideas are being developed to fix this. He noted that technologies like zero-knowledge proofs can enable offline Ethereum payments. However, these solutions are still in the early stages and rely on trusted hardware that is not widely available. Notably, ongoing development and innovation may make this possible in the future. Stablecoins Could Support Unstable Economies Ethereum co-founder also pointed out that Sweden and Norway could consider adopting stablecoins as other options. Stablecoins are digital currencies linked to real-world currencies like the US dollar. These crypto asset classes have become popular because they provide a stable value and do not depend on a single central authority. Crypto assets like stablecoins could help when traditional currencies are unstable or governments are weak. However, stablecoins are not without problems. To truly replace cash, they need to improve privacy and security. They also rely on internet access, which can be a challenge. The post Vitalik Buterin Hints Ethereum Could Replace Centralized Systems: Details appeared first on TheCoinrise.com .

28 May 2025, 19:00

$10 Million Fix? SUI Network Moves Fast After Cetus Exploit Scare

Sui Network has rolled out a $10 million fund to boost security across its system. The move comes after the Cetus Protocol hack that cost users $223 million. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? Based on reports, the money will go toward audits, bug bounties and new developer tools. It’s a major shot across the bow at future attacks, but it raises questions about how those funds will be decided and spent. Source: X The Money And The Plan According to Sui’s team, the $10 million security fund isn’t just a pool of cash. It’s a shared resource that developers and community members will help guide. Bug bounties will be offered to anyone who finds serious flaws. Doubling down on Sui security. A thread 🧵 The root cause of the Cetus incident was a bug in a Cetus math library, not a vulnerability in Sui or Move. But the impact on users is the same. We need to take a holistic perspective and step up our game on supporting ecosystem… — Sui (@SuiNetwork) May 26, 2025 Audits will dig into both core code and popular dApps. And new tools aim to make it easier for builders to catch problems before they hit mainnet. Governance Tensions On Display According to reports, Sui is also asking token holders to vote on whether to return some of the frozen assets to Cetus users. That plan has stoked debate. Critics say letting validators swing such decisions could put too much power in a small group. Sui’s Foundation has promised to stay neutral, but opinions are split on what “neutral” really means. Incentives To Catch The Hacker Cetus has put up a $6 million white‐hat bounty to recover stolen funds. Sui has added another $5 million reward for any tip that leads to the hacker’s capture. That’s $11 million on the table for a single exploit. It sounds big. But some security experts wonder if the process will slow down or if critical details will get lost in legal wrangling. Price Rebound Since the hack, SUI’s price slid about 15%. It went from roughly $4.28 to a low near $3.50. At press time, it was on recovery mode, up 6% and trading at $3.72. SUI price up in the last 24 hours. Source: Coingecko Related Reading: Tether’s 2-Year, $5 Billion Investment Blitz Fuels US Companies: CEO What Comes Next For DeFi On Sui Total value locked (TVL) has begun inching up again. Bridged TVL, which tracks assets coming in from other blockchains, has seen a noticeable bump. Yet DEX volume and app revenue haven’t fully bounced back to pre‐hack figures. Featured image from Unsplash, chart from TradingView

28 May 2025, 18:48

Chintai Partners With Arch Network to Bring Real World Assets Onto Bitcoin

Las Vegas, Nevada, May 28th, 2025, Chintai , the leading blockchain platform for real-world asset (RWA) tokenization, is pleased to announce a strategic partnership with Arch Network to bring traditionally inaccessible assets to the Bitcoin ecosystem. The collaboration leverages Chintai’s institutional-grade asset origination and compliance infrastructure to set a new benchmark for Bitcoin-native finance. Through a white-label integration of Chintai’s technology, Arch Network will launch HoneyB: the first Bitcoin-native platform for tokenizing real-world assets Supercharging Institutional Assets With Bitcoin-Native Liquidity and Yield Bitcoin’s lack of programmability has left the leading cryptocurrency largely under-utilized, with less than 1% participation in the exploding decentralized finance (DeFi) space. Arch’s technology enables DeFi apps on the Bitcoin base layer without forcing users to bridge or wrap their assets on another chain. This empowers institutions and retail investors alike to tap Bitcoin’s deep liquidity and generate Bitcoin-native yield without compromising custody, trust, or chain integrity. The tokenization of traditional assets already gives institutions vastly improved distribution and liquidity for traditionally illiquid assets. By combining Arch Network’s ability to mobilize Bitcoin with Chintai’s fully compliant tokenization platform, the HoneyB offering creates a major paradigm shift in the RWA space. "This partnership represents a significant advancement in Bitcoin-based finance," said Josh Gordon, MD of Chintai. "By bringing real-world assets to Bitcoin in a compliant manner, we're expanding the utility of the network while maintaining the integrity and security that makes Bitcoin trusted worldwide." Crypto Maturity—Where Compliance Meets Opportunity As global regulation begins to catch up with technology, the confidence and participation of institutional finance in the digital assets space are accelerating. Real-world asset tokenization is expected to grow >50% annually over the next five years. Meeting market demand will require innovation and flexibility. HoneyB presents institutions and investors with a unique opportunity to leverage Bitcoin to purchase tokenized traditional assets and then use those assets to generate Bitcoin yield, all within an experience that has the accessibility of web2 and the secure decentralization of web3. "This partnership bridges the gap between traditional and digital assets by providing secure access to Bitcoin liquidity and yield," explains Matt Mudano, CEO at Arch Network. "Investors can boost the productivity of their tokenized assets on Arch by deploying that capital across multiple Bitcoin-native DeFi strategies, including borrowing/lending, perpetual futures, and decentralized exchanges." The Future of Digital Finance The partnership with Arch Network represents Chintai's latest step in broadening its platform capabilities, following the tokenization of multiple asset classes. It also reflects Chintai’s ongoing efforts to address market demand for adaptable real-world asset (RWA) solutions, enabling institutions to integrate Bitcoin within tokenized finance frameworks. About Chintai Nexus Chintai is a leading blockchain platform backed by prominent financial institutions, revolutionizing the integration of real-world assets into the digital economy. By leveraging blockchain's inherent security and transparency, Chintai empowers businesses and creators to tokenize RWAs, unlocking new opportunities for liquidity and global accessibility. About Arch Network ​Arch is building the rails for a Bitcoin-denominated world. Arch enables institutions to access Bitcoin-native yield opportunities while maintaining the security and decentralization principles core to Bitcoin's design. Its execution platform is designed to enhance Bitcoin’s capabilities by enabling fast, secure, and fully verifiable smart contract-like programs without bridging or wrapping assets. The specialized Arch VM, Cryptographic Multisig, and Decentralized Verifier Network help unlock the full $2T+ liquidity of Bitcoin. For more information, users can visit https://www.arch.network/ or email [email protected]. Contact Mr Jamie Kingsley Chintai [email protected]

28 May 2025, 18:42

We asked an expert about quantum computer threat as Google and BlackRock ring the alarm

On May 27, it was reported that the investment management giant BlackRock warned investors that the Bitcoin network is vulnerable to quantum computers. Researchers from Google made a similar statement the same day. The CEO of decentralized post-quantum infrastructure, Naoris Protocol, David Carvalho, answered our questions to clarify the risks and whether there is hope. Speculations about the risk of the Bitcoin network being cracked by quantum computers in the near future are not something new. It is impossible to brute force RSA and ECC encryption used in Bitcoin with modern-day processors, but it is believed that quantum computers will be able to retrieve private keys if the public key is available. The date when quantum computers will achieve sufficient power to break Bitcoin wallets is referred to as Q Day. Let's add some nuance here. While quantum threats to cryptography are real, the timeline matters. Current quantum computers are nowhere near breaking Bitcoin's cryptography. The industry is already working on quantum-resistant solutions. — T (@agentic_t) May 27, 2025 Unlike regular processors, quantum processors can perform multiple calculations simultaneously, which dramatically increases computing speed. Several companies seek solutions to avoid the potential risks. Some wallet producers already claim their products are quantum-proof. Read more: Project 11 challenges everyone to crack the Bitcoin key using a quantum computer. The reward is 1 BTC BlackRock’s statement In the updated version of BlackRock’s prospectus for IBIT (BlackRock’s iShares Bitcoin Trust ETF), the company warns investors about potential security risks associated with Bitcoin. BlackRock highlights the issue that developers of decentralized networks often lack a financial incentive to respond in a timely manner to security threats. One of the outlined threats is quantum computers, which, in a few years, will become powerful enough to crack the encryption used in Bitcoin. Below, you can see an extract pointing at the possibility of the security breach and the implication of such a breach on the price of IBIT (and understandingly, Bitcoin itself): “…a malicious actor may be able to compromise the security of the Bitcoin network or take the Trust’s bitcoin, which would adversely affect the value of the Shares. Moreover, the functionality of the Bitcoin network may be negatively affected such that it is no longer attractive to users, thereby dampening demand for bitcoin. Even if another digital asset other than bitcoin were affected by similar circumstances, any reduction in confidence in the source code or cryptography underlying digital assets generally could negatively affect the demand for digital assets and therefore adversely affect the value of the Shares.” The warning by BlackRock garnered attention, as the issue of quantum computers had never been publicly acknowledged at such a high level before. If such a large and respected company sees the problem in quantum computers, it is a signal that the threat is considerable. The Google study and a bit of irony A new study by Google suggests that the amount of resources needed to reach the Q Day is 20 times less than previously estimated. The author of the paper, Craig Gidney, writes: “In this paper, I reduced the expected number of qubits needed to break RSA2048 from 20 million to 1 million. My hope is that this provides a sign post for the current state of the art in quantum factoring, and informs how quickly quantum-safe cryptosystems should be deployed Vulnerable systems should be deprecated after 2030 and disallowed after 2035. Not because I expect sufficiently large quantum computers to exist by 2030, but because I prefer security to not be contingent on progress being slow.” Ironically, it is Google who works on advancing quantum computing. Its Sycamore processor has 53 physical qubits, which places it among the ten most powerful quantum computers currently existing. We discussed this topic with an expert To better understand what will happen when Q Day arrives and how much time is left, we addressed several questions to David Carvalho, founder and CEO of the decentralized post-quantum infrastructure, Naoris Protocol. Crypto.news: How much time do we have before the first Bitcoin wallet gets ‘hacked’ via a quantum computer? David Carvalho: A lot less time than people seem to think. There’s a whole lot of noise this week because a Google analyst has published a report saying it will take far less time than anticipated, but the cybersecurity community has known this for a while. Very soon – within five years or even less – we’ll get to a point where quantum computers have enough qubits and sufficient error correction to be a real threat to ECDSA encryption. We don’t know exactly when this will happen yet, but we do know that any protocol that doesn’t implement quantum security now won’t be able to retrofit it once quantum computers do catch up. So now is the time to focus all efforts on this before it’s too late. CN: What happens next after the quantum computer achieves the ability to hack BTC wallets? DC: The most frightening thing about quantum is that when we get to “Q-Day”, the attacks will be swift, quite possibly simultaneous, and certainly devastating. And most importantly, retroactive, meaning that even transactions that have been signed and executed could be at risk. Which means that wallets and blockchains can’t secure themselves against quantum attacks retroactively, they have to do it preemptively. CN: Will quantum computers be immediately available for bad actors? Are all the non-quantum-proof BTC wallets being hacked simultaneously? DC: Well, it’s unlikely there will be such a coordinated effort. Bad actors will likely target the biggest and most vulnerable wallets first and then move on to smaller targets. But that, in itself, is incredibly worrying, since the biggest targets are the likes of BlackRock, the second-largest holder of Bitcoin, which is also responsible for trillions of dollars in pension assets. It’s a real risk to financial stability. CN: What will be the fate of “lost bitcoins” and Satoshi Nakamoto’s holdings? DC: All of those “dormant” assets would be ripe for the picking, unless the blockchain is secured at the infrastructure level, because Satoshi will have almost certainly made transactions from vulnerable addresses. Given Satoshi’s substantial holdings, they would likely be a major target for bad actors. CN: In the event that non-quantum-proof BTC wallets are successfully hacked, will it be a good advertisement for quantum-proof wallets, or will it scare off the masses from Bitcoin and send the price down? DC: A quantum hack on Bitcoin would lead to a real loss of trust, so it wouldn’t be good news for the price. Like any black swan event, it could be the catalyst for a crypto winter. However, the fact that major institutions, and even governments, are now holding Bitcoin is encouraging. Because they are actually acutely aware of the risks from quantum computing – in fact, BlackRock recently highlighted it in its updated spot Bitcoin ETF filing. If anyone can push the blockchain sector to prepare for Q Day, it’s BlackRock and the US government. But they better do it quickly. Conclusion All in all, the fall of Bitcoin’s protection is only a matter of time, and time is running out, considering how many elements of the puzzle need to be switched to quantum-proof solutions – from mining infrastructure to exchanges and wallets. Transitioning to quantum-proof services may take time, so it’s better to start early. You might also like: Tether CEO predicts quantum computing could recover lost Bitcoin

28 May 2025, 18:30

Solana (SOL) vs Mutuum Finance (MUTM): Which One Has the Best Forecast for the 2025 Bull Run?

Solana (SOL) is back in the spotlight as one of the top altcoins to watch in 2025, with bullish momentum building thanks to its lightning-fast transaction speeds, growing meme coins ecosystem, and strong developer activity. As Solana continues to battle for dominance in the smart contract space, newer entrant Mutuum Finance (MUTM) is quietly positioning itself as a high-growth coin with disruptive DeFi utility. The project is currently in Presale Phase 5, already raking in over $9.4 million with over 11,300 investors participating. With a public launch price of $0.06 after upcoming stages, phase 5 investors at the current price of $0.025 are in line for potential gains of 100% by the time the token hits exchanges. Mutuum Finance could hit $2 soon after launch. Solana’s Performance Solana is gaining renewed attention from investors, as its price stands at $174.17. A possibility for $250 in June is being considered by analysts due to surging interest from institutions, the expanding ecosystem and a rise in DeFi. Developers are drawn to Solana because it is fast and inexpensive and this leads investors to feel confident in it long term. The impressive speed of transactions at low cost on the network keeps attracting both users and developers to Solana, making the blockchain a top layer-1 network. As crypto as a whole increases in popularity, new altcoins like Mutuum Finance (MUTM) are gaining interest from investors because they may grow. Mutuum Finance: Genuine Innovation in DeFi Lending Different from the legacy tokens, Mutuum Finance distinguishes itself by being the innovative two-lending scheme that includes Peer-to-Contract (P2C) and Peer-to-Peer (P2P) functionality. With P2C, individuals get to freeze stablecoins in smart contract pools whose interest rates automatically adjust dynamically. The P2P, as opposed to that, bypasses intermediaries so that lending contract control rests directly with users. It all gives rise to an extremely effective and variable lending system. Certik Audit Completed: Mutuum Finance Solidifies Trust and Transparency Security and transparency are built into the core of the project. Mutuum Finance has now officially completed its Certik smart contract audit, reinforcing the platform’s commitment to safety and reliability. Their open-source smart contracts are secure in design, instilling trust among users. Presale Momentum Today, with the token valued at $0.03, early investors are greatly intrigued by MUTM. A rise of 16.67% will take the token to $0.035 during the next step. Because some analysts think the post-launch prices will climb to $3, there is a big opportunity for those who buy the Token at $0.03. For this reason, Mutuum Finance has become a favorite among DeFi followers who track low-cost altcoins. If you compare Solana (SOL) and Mutuum Finance (MUTM), both show great potential for 2025 bull run gains. Solana has shown it is a top layer-1 blockchain with a good set of tools and is expected to rise to $250 soon. On the other side, Mutuum Finance is known for risky but potentially rewarding investments with important DeFi services, an audit by Certik and impressive potential, as it has raised over $9.4 million from over 11,300 buyers. With a current presale price of $0.03 and a public listing at $0.06, early participants could secure up to 100% returns before launch, with post-launch projections pointing as high as $2–$3. For those looking to diversify into emerging projects with 2500%+ growth potential, now is the time to explore Mutuum Finance before the next price jump. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuumfinance.app/ Linktree: https://linktr.ee/mutuumfinance