22 May 2025, 15:30

SUI/Cetus Hack Update: $160 Million Of Over $220 Million Stolen Crypto Is Now Frozen

$160M of $220M+ stolen SUI funds from Cetus DEX hack are frozen, set for return. Initial Cetus hack drained its liquidity pool, causing a ~40% CETUS token price drop before this recovery. CPO confirmed the SUI fund recovery; HIPPO project had offered Cetus support post-attack. In a significant and rapidly developing situation, $160 million of over $220 million in stolen SUI-related funds have reportedly been frozen and are slated to be returned to Cetus pools. This major breakthrough, announced by a Chief Product Officer (CPO) familiar with the matter, comes swiftly after a hacker attacked CETUS, a top SUI ecosystem decentralized exchange (DEX), draining its liquidity pool and causing the CETUS token’s price to initially nosedive. The initial attack saw the hacker withdraw the CETUS liquidity pool (LP), leading to an immediate and sharp 40% plunge in the crypto asset’s value. According to data from TradingView, CETUS, which surged about 16% on Thursday morning by rallying from a $0.21928 opening price to a $0.24563 daily high, quickly reversed course. Following the attack, the cryptocurrency was trading around $0.17174, with full details of the hack s… The post SUI/Cetus Hack Update: $160 Million Of Over $220 Million Stolen Crypto Is Now Frozen appeared first on Coin Edition .

22 May 2025, 15:00

As Bitcoin breaks $110,000, cloud mining miners’ profits hit new highs

On May 21, 2025, the price of Bitcoin broke through the $110,000 mark, setting a record high. The sentiment of the entire cryptocurrency market is unprecedentedly high, the activity on the chain has soared, and the amount of capital inflow has increased dramatically. In this wave of frenzy, the first to taste the sweetness are those miners who have already laid out cloud mining. Data shows that some users on the leading cloud mining platform XRP Mining have a daily income of more than $30,000 , and the average income of small and medium-sized users has doubled. Mining returns to the era of high profitability, and cloud mining becomes the winner The price of Bitcoin has exceeded $110,000. It is not just a digital game in the cryptocurrency circle. It directly brings about an increase in the income of the entire cloud mining ecosystem. Traditional miners need to bear high mining machine costs, electricity costs, maintenance costs, etc., while cloud mining is becoming a new favorite of retail or ordinary investors with its light assets and high flexibility. Through cloud mining platforms like XRP Mining, users do not need to build their own mines. They only need to rent computing power online to participate in mining and earn daily income. At present, XRP Mining has become one of the preferred cloud mining platforms for users in more than 150 countries with its global node layout, stable profit distribution mechanism and continuously optimized user experience. How to start XRP Mining cloud mining? Step 1: Choose a legal and reliable platform XRP Mining is open to users around the world, with a simple operation process, no hardware configuration required, and no hidden fees. It is especially suitable for novices and veterans who want to hold coins to participate in mining. Step 2: Register to receive rewards New users only need to register (enter username and email address) to get $15 free computing power, and sign in daily to get $0.6 active rewards and start mining immediately. Step 3: Choose a mining machine contract XRP Mining provides a variety of mining machine contracts that match budgets and revenue cycles to meet different types of investment needs: contract Price Daily Profit Total Profit Contract Period New User Experience Contract $100 $5 $100+$10 2 days Bitcoin Miner S19 XP+ Hyd $1,100 $13.86 $1,100+$138.86 10 days ANTRACK & Bitcoin Miner S19 Pro Hyd $4,500 $26 $4,500+$1,224 15 days Bitcoin Miner S21 XP Imm $8,800 $123.2 $8,800+$3,498.88 28 days ANTRACK & BitcoinMiner S19 XP+ Hyd $13,000 $195 $13,000+$6,825 35 days For example: Invest $13,000 to purchase a $13,000 【 ANTRACK & BitcoinMiner S19 XP+ Hyd 】 contract with a term of 35 days and a daily yield of 1.5%. After the purchase is successful, the user can obtain passive income every day = $13,000 × 1.5% = $195. After 35 days, the user’s principal and income: $13,000 + $195 × 35 days = $13,000 + $6,825= $19,825 For more contract plans, please log in to the XRP Mining official website to view. You can get income the next day after purchasing the contract. When the account funds reach $100, you can choose to withdraw to your crypto wallet or continue to purchase other contracts. Step 4: Recharge channel Multi-currency compatibility: Supports stablecoins such as USDT-TRC20, BTC, XRP, ETH, LTC, USDC, BNB, USDT-ERC20, BCH, DOGE, SOL, etc. Step 5: Start mining After the platform has completed the recharge and successfully selected the appropriate mining package, the system will automatically start mining immediately. During the entire mining process, you can view the income in real time and intuitively through our platform, so that every income is clearly visible and under your control. Step 6: Withdraw income Mining income is distributed to your account daily, and users can withdraw to their wallets at any time. What are the advantages of the XRP Mining platform? No hardware required, no technical threshold Users do not need to buy expensive mining machines or have professional mining knowledge. Register to get computing power and start a fully automatic cloud mining experience. AI intelligent computing power scheduling system The platform uses artificial intelligence technology to automatically select the best currency and mining pool according to market conditions to ensure that each user’s income is maximized. Daily settlement, transparent income All mining income is settled daily, users can view daily profit details in real time, funds are transparent, and support one-click withdrawal. Multi-currency support, flexible choice Supports mining of mainstream currencies such as BTC, DOGE, LTC, etc. to meet the investment preferences of different users. The platform is stable, secure and compliant Adopting multiple encryption security architectures and global deployment of cloud servers to ensure long-term stable operation of the platform and the security of user assets. Seize the bonus window of the bull market In the 2021 bull market, many people regretted missing the price of Bitcoin below $30,000; and now, when Bitcoin has reached $110,000, cloud mining may be one of the last windows for ordinary people to enter the currency circle profit chain with a low threshold. You can wait and see, but time will not wait for anyone. Every day now is a day when miners’ profits continue to refresh records. The Bitcoin bull market is continuing, and those who are prepared in advance are the ones who benefit the most. For more details, please visit the official website of the platform: https://xrpmining.com/ or ( click to download the mobile APP ) Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post As Bitcoin breaks $110,000, cloud mining miners’ profits hit new highs appeared first on Times Tabloid .

22 May 2025, 15:00

Crypto for Advisors: When Crypto Meets Netflix

Last week was Consensus Toronto 2025 . If you couldn’t attend, CoinDesk has you covered! Listen to amazing global thought leaders, sharing their insights on pertinent topics surrounding the digital asset space on day 1 , day 2 and day 3 . You can also read the extensive editorial coverage . In today’s Crypto for Advisors, Shivani Phull from Pixelynx explains how Black Mirror is leveraging blockchain as part of evolving fan content and engagement. Then, Eric Tomaszewski from Verde Capital Management answers questions about the appeal of these products to next-gen investors in Ask an Expert. Thank you to our sponsor of this week's newsletter, Grayscale. For financial advisors near Boston, Grayscale is hosting an exclusive event, Crypto Connect, on Thursday, June 5. Learn more . – Sarah Morton Unknown block type "divider", specify a component for it in the `components.types` option Storytelling 3.0: When AI, Blockchain and IP Collide How Black Mirror’s on-chain experiment is paving the way for the future of entertainment monetization. Traditional storytelling is hitting its ceiling. The passive, one-way consumption model that has defined entertainment for decades is increasingly out of sync with the expectations of digital-native audiences. And now, with the rise of new technologies, the entertainment intellectual property (IP) is entertainment intellectual property, or IP, is being fundamentally reimagined. From Bandersnatch to Blockchain Black Mirror has never been afraid to challenge the status quo. In 2018, the series broke new ground with Bandersnatch , an interactive episode. It hinted at a deeper shift: from stories we watch to stories we shape. That shift is accelerating. Members of Gen Z and Gen Alpha have been raised in worlds like Minecraft, Roblox and Fortnite, where user-generated content forms the foundation of the experience. These audiences don’t want to passively consume; they want to participate, shape and own the narrative. Traditional IP Revenue Is Evolving Traditionally, IP holders made money through licensing, syndication, product placement and box office sales. But generative AI is disrupting this model. With tools like OpenAI’s Sora or Runway, anyone can spin up derivative content, posing both a threat and an opportunity. For IP owners, the challenge is clear: either lose control of the narrative or lean into new models that protect and expand it. Enter blockchain. Blockchain as the Rails for Interactive IP Blockchain brings the missing layer of structure. It allows for: On-chain IP verification — using blockchain to prove who owns creative content, making it secure and transparent. Composable rights — content can be broken down into smaller parts that others can build on, remix or combine with new creations, allowing for microlicensing. Community ownership and participation rewards — fans can hold tokens that give them access to exclusive experiences and benefits as the project grows. Tokenized incentives for creators and fans — digital tokens are used to reward people for contributing, collaborating or being active in the community. This format unlocks new paths for storytelling, where fans are stakeholders shaping narratives with their favorite IPs, not just spectators. Case Study: Black Mirror Enters Web3 Banijay Rights, the global sales arm of content powerhouse Banijay Entertainment, which handles distribution for Black Mirror , has partnered with Pixelynx Inc. and KOR Protocol, a blockchain-based IP infrastructure and entertainment company based in Los Angeles, co-founded by iconic DJs Deadmau5 and Richie Hawtin. Led by visionary CEO Inder Phull, Pixelynx helped bring the Black Mirror universe on-chain in a way that’s interactive, compliant and community-driven. Their latest initiative is a token inspired by the Nosedive episode, where fans link their socials and wallets to earn a reputation score. With more than 300,000 sign-ups, top participants unlock exclusive experiences and rewards, offering IP holders a new way to engage and reward their most passionate fans. The IP Industry’s Fork in the Road The future of entertainment lies in embracing this shift through new frameworks that provide clear guardrails for IP usage, that preserve integrity, protect rights and enable value to accrue to fans and creators in a fair and transparent way. This marks the beginning of a new era for IP: one defined by protection, participation and sustainable monetization. By making IPs interactive, tokenized and on-chain, rights holders aren’t just experimenting—they’re sketching the blueprint for Storytelling 3.0. - Shivani Phull, CFO, Pixelynx Inc. Unknown block type "divider", specify a component for it in the `components.types` option Ask an Expert Q. What does "ownership" mean in the age of Web3, and how is it different from traditional investing? A. Ownership in Web3 is not just about holding an asset. More so, it's about participating in a system. With the Black Mirror token, owning the token means having a say in governance, gaining access to exclusive ecosystems, and building a digital form of identity that has the ability to grow in value over time. Unlike passive stock ownership, this is participatory. You are a stakeholder, not just a shareholder. Q. Can reputation-based tokens create economic value from behavior and is it sustainable? A. Yes, but it's nuanced. Black Mirror token gamifies trust because your on-chain actions and social interactions can earn tangible rewards. As a financial advisor, I'd caution that while this is exciting, it introduces performance-based risk. That being said, it reflects the direction of where young digitally native investors are heading. Q. Could these tokens act as a new form of "digital yield" for younger investors? A. Absolutely. Instead of fixed income yield, this is engagement yield. The more active and credible you are, the more awards you could potentially earn. It could be whitelisting access, platform discounts, or possibly token-based income. This is a new incentive model in some respects. When speaking to a client, I frame it as a form of behavioral finance in motion. With the right level of risk and time allocation, it becomes an asset that pays in influence and access. It's also a way to acknowledge that fulfillment and value look different to each person. Not every return is financial. - Eric Tomaszewski, financial advisor, Verde Capital Management Unknown block type "divider", specify a component for it in the `components.types` option Keep Reading JP Morgan to enable clients to invest in bitcoin . Robinhood to acquire Canadian crypto firm Wonderfi. The U.S. Senate voted 66-32 to advance its landmark stablecoin legislation , the GENIUS Act. Digital Assets: Month in Review , with Joshua de Vos of CoinDesk delivering a monthly column on the crypto markets and ETF/ETP flows.

22 May 2025, 14:46

500 Bitcoin Partnership from Crypto Mining Company MARA Holding! Here Are the Details

MARA Holdings (formerly Marathon Digital), the largest publicly traded crypto mining company in the United States, has taken another strategic step to evaluate institutional Bitcoin assets. MARA Holdings Expands Partnership with Two Prime to Increase Yields on Bitcoin Assets The company announced that it will expand its existing partnership with SEC-registered investment advisor Two Prime, allocating an initial 500 BTC to Two Prime-managed yield strategies. Two Prime was already providing Bitcoin-backed loans to MARA. The new move aims to transform this collaboration into a more comprehensive capital management model. “MARA holds one of the largest institutional Bitcoin treasuries in the world. It sets the standard for how institutional investors can responsibly unlock the value of Bitcoin,” said Alexander Blume, CEO of Two Prime. “This partnership is not only about returns; we are also building a model based on transparency, risk awareness and capital efficiency.” MARA Holdings is the second-largest Bitcoin holder among public companies after Strategy, with 48,137 BTC. The company's market value is around $5.7 billion. MARA, which generated $214 million in revenue in the first quarter of 2024, still reported a net loss of $533 million. In March, the company announced plans to sell up to $2 billion in shares in order to increase its Bitcoin reserves. “More actively investing our Bitcoin assets is a smart and balanced strategy for our shareholders,” said Paul Giordano, Vice President of Digital Asset Management at MARA. “With this allocation to Two Prime’s strategies, we continue to prioritize flexibility and security while increasing our return targets.” Two Prime operates with access to $2.5 billion in capital by developing proprietary Bitcoin derivative strategies for institutional investors. On the other hand, MARA shares have lost about 8% of their value since the beginning of the year, while the bitcoin price has increased by 11.5%, reaching a new all-time high of over $110,000 recently. *This is not investment advice. Continue Reading: 500 Bitcoin Partnership from Crypto Mining Company MARA Holding! Here Are the Details

22 May 2025, 14:26

Cetus Protocol hack triggers widespread panic across Sui ecosystem

The Sui blockchain is reeling after Cetus Protocol, one of its core decentralised exchanges, suffered a massive exploit that drained more than $200 million in liquidity, shaking user confidence and igniting fear across the DeFi sector. The incident, first reported by pseudonymous Web3 researcher COMDARE3, was quickly confirmed by a dramatic spike in trading volume and an abrupt collapse in token prices across the platform. Hacker gained control of all SUI-denominated liquidity pools While the Cetus team initially downplayed the incident as a “bug,” on-chain analysts and compliance firms have sounded alarms, pointing to rapid and suspicious fund outflows that indicate a coordinated exploit. Although the exact method used by the attacker has not yet been confirmed, early investigations suggest that the exploiter gained control of all SUI-denominated liquidity pools, allowing them to siphon off assets at an unprecedented pace. Shortly after the anomaly was detected, Cetus announced that it had paused its smart contracts in a bid to contain the damage and investigate the breach, but the move came too late to prevent widespread asset losses. Cetus🐳 @CetusProtocol · Follow 🚨Alert Announcement 🚨There was an incident detected on our protocol and our smart contract has been paused temporarily for safety. The team is investigating the incident at the moment. A further investigation statement will be made soon. We are grateful for your patience. 2:34 PM · May 22, 2025 150 Reply Copy link Read 47 replies Data from blockchain analytics firm Onchain Lens shows that tens of millions of dollars in stablecoins and native assets were rapidly bridged to Ethereum, with one AMLBot representative noting that transfers occurred at a staggering rate of approximately $1 million per minute. Onchain Lens @OnchainLens · Follow Cetus ( @CetusProtocol ), the leading DEX and primary liquidity provider on $SUI , has reportedly been hacked.The attacker gained control of all SUI-denominated pools, exploiting over $200M, and has also started moving $USDC . suiscan.xyz/mainnet/accoun… 2:29 PM · May 22, 2025 29 Reply Copy link Read 9 replies This wave of outflows caused a near-total collapse in several token values, with assets such as Lombard Staked BTC (LBTC) and AXOLcoin (AXOL) dropping nearly 100% in price on Cetus. Outside the Cetus platform, some of these tokens showed signs of recovery, but the damage to investor sentiment remained evident across the broader Sui ecosystem. Despite the Cetus team’s reluctance to label the incident as a hack, market data from DEX Screener and independent investigators paint a clear picture of a targeted attack that drained liquidity pools and disrupted all major trading activity. At the peak of the incident, Cetus recorded over $2.9 billion in processed transactions, an 89% increase from the day before, suggesting that panic-driven exits and exploit-related movements accounted for the bulk of the activity. Swapping functionalities on the platform have ceased completely, and the protocol’s liquidity has collapsed, leaving token pairs effectively frozen and users unable to exit their positions. The Sui Foundation has confirmed that it is working closely with Cetus developers to determine the scope of the exploit and develop a response strategy, though no clear remediation plan has been announced so far. Sui @SuiNetwork · Follow At 3:52 AM PT, we became aware of an incident concerning Cetus. The Cetus team has our active support in this ongoing investigation and will provide further updates as soon as they become available. 3:24 PM · May 22, 2025 1.4K Reply Copy link Read 288 replies Cetus hack a blow to Sui Notably, the Cetus Protocol hack marks a significant blow to Sui’s DeFi ambitions, especially at a time when the ecosystem was gaining traction for its scalability and performance. Besides impacting the broader Sui ecosystem, Sui’s native token, SUI, has also seen a sudden drop following the hack. According to Immunefi , Q1 2025 was already the worst quarter in crypto history for security breaches, with over $1.6 billion in losses across 39 incidents, figures now worsened by the Cetus catastrophe. Compliance experts have noted eerie similarities between the Cetus exploit and other large-scale attacks, with some pointing to the potential involvement of advanced threat actors such as North Korea’s Lazarus Group. While nothing has been confirmed regarding attribution, the pace and precision of the exploit indicate it was conducted by highly skilled operators with deep knowledge of the Sui protocol’s internal architecture. As the investigation continues, the incident underscores the growing vulnerabilities within decentralised finance, especially as more liquidity and users flock to new ecosystems like Sui. The fallout from the hack is likely to have long-term implications, not just for Cetus but for trust in emerging DeFi platforms that have yet to establish robust security and governance frameworks. Until a transparent postmortem is provided and user funds are addressed, uncertainty will persist, casting a shadow over Sui’s broader adoption narrative and its future as a reliable blockchain for financial innovation. The post Cetus Protocol hack triggers widespread panic across Sui ecosystem appeared first on Invezz

22 May 2025, 14:05

Bitcoin Surpasses Amazon in Market Cap After New ATH

Bitcoin’s Market Cap Milestone Bitcoin (BTC) is now the world's fifth-largest asset, with its market capitalization hitting $2.16 trillion as of May 21, 2025. The milestone comes as Bitcoin's price rose to a new all-time high of $109,400, fueled by institutional adoption and macroeconomic optimism. In comparison, the market capitalization of Amazon is $2.15 trillion, which reflects a year-to-date drop of ~8% for the technology giant. Top spots now position Bitcoin just behind gold ($22T), Microsoft ($3.3T), Apple ($3.1T), and Nvidia ($2.5T). This rise highlights Bitcoin's shift from a specialist digital commodity to store-of-value standard, with supporters pointing to its decentralization and finite supply (only 21 million BTC will be produced). The journey here has been nothing short of phenomenal. Bitcoin, which was dismissed as a speculative experiment, is now keeping company with the likes of Microsoft, Apple, Nvidia, and gold. Its market cap, which is determined by multiplying its price at any time by the number of coins in circulation, recently crossed the two-trillion-dollar mark. Amazon, on the other hand, has had its own valuation drop slightly this year, which has enabled Bitcoin to move up the rankings. This rush is a demonstration of the continued development of Bitcoin both as a store of value and as an investable asset class. Bitcoin and Big Tech: A New Asset Class The most interesting aspect of this comparison, however, is how Bitcoin's market capitalization stacks up against traditional equities. Unlike Amazon or Microsoft shares, where a significant portion of the shares can be held by insiders or locked up, nearly all Bitcoin is tradable. That makes its market cap a more liquid and transparent valuation Conversely, tech behemoths have a lower ”free-float” market capitalization, as not all the shares are up for public grabs at any one time. The discrepancy is a testament to Bitcoin's odd status in the financial universe: it's a borderless, worldwide asset with no boardroom and no central authority, yet now it's competing with the most powerful companies on the planet. On everyone's lips is whether the valuation of Bitcoin is justified, and whether it can go higher still. To this end, Metcalfe's Law has some interesting insights. The law, originally applied to telecommunications networks, says that the value of a network grows exponentially as it adds more users. For Bitcoin, the active addresses and users have gone up steadily over the years, and its price has always followed suit. If the number of users is doubled, the theoretical value of the network would be four times higher according to this law. The last several years have seen Bitcoin's user count and market capitalization both increase together, giving some validity to the idea that its increase is not merely speculative but being driven by increasing utility and adoption. Naturally, Metcalfe's Law is not a crystal ball. Bitcoin's value is notoriously volatile, and short-term price moves tend to outstrip shifts in user base. Exogenous shocks — regulatory announcements, macroeconomic trends, or even breakthrough technical advances—can all move the price in ways network theory cannot anticipate. But the underlying trend is unmistakable: the more people and institutions that come into Bitcoin, the greater its network effect, which could well set the stage for future appreciation. Mining Profitability at All-Time Highs This fresh all-time high has also reshaped the environment for Bitcoin miners, the individuals and organizations that secure the network and confirm transactions. It has turned mining into enormously lucrative business at these price points for anyone with access to effective hardware and cheap electricity. The payoff for mining a new block has never been greater in dollar terms, even as competition has increased and the worldwide hash rate has hit record highs. Big mining ventures, particularly those based on renewable energy, are now experiencing reasonable margins, but smaller players might find it difficult to keep pace with escalating costs and technological requirements. Most interestingly, some mining companies are starting to diversify their business models, expanding into ancillary fields such as hosting artificial intelligence data. By taking advantage of existing infrastructure, such companies aim to acquire new sources of revenue and protect against potential future price volatility or mining difficulty for Bitcoin. This is reflective of a larger trend: as Bitcoin matures, the ecosystem that underpins it becomes more sophisticated and robust. Image suggestion: An infographic displaying the most significant factors in determining Bitcoin mining profitability, such as block rewards, hash rate, electricity cost, and equipment efficiency. Bitcoin as One of the World's Leading Assets The ramifications of Bitcoin's emergence are extensive. Bitcoin is no longer merely a speculative instrument or a cyber fad but has now captured the interest of institutional investors, governments, and ordinary savers. Its finite supply and decentralized ownership distinguish it from fiat currencies and corporate equities, with the conjunction of scarcity and accessibility. Whether it will eventually live up to its potential as ”digital gold” or mature into something else remains to be witnessed, but what it is currently doing is undeniable. As Bitcoin's market capitalization surpasses Amazon's, the world is watching economic influence get rewritten. The ascendance of the cryptocurrency isn't a tale of price graphs or headlines, but an indicator of more profound shifts in how humans consider tech, trust, and value. Though controversies and challenges undoubtedly remain, Bitcoin's status as one of the globe's leading assets is now firmly established. The only question now for watchers and investors is no longer if Bitcoin has earned its place at the table, but how far it may have to continue from here.