23 May 2025, 10:10

Sui hack: Shocking $150M+ Exploit Rocks Cetus Protocol

BitcoinWorld Sui hack: Shocking $150M+ Exploit Rocks Cetus Protocol The world of decentralized finance (DeFi) on the Sui blockchain has been rattled by a significant security incident. Reports indicate that Cetus Protocol, a prominent decentralized exchange operating on Sui, has allegedly suffered a massive exploit resulting in substantial losses. Initial data points to figures exceeding $150 million, raising serious questions about the robustness of platforms within this burgeoning ecosystem. What Happened in the Sui Hack? According to data circulating from sources like SuiVision, the Sui-based Cetus Protocol experienced an alleged security breach. While the exact method of the exploit is still under investigation and official confirmation from Cetus Protocol is eagerly awaited, the reported figures suggest a significant compromise of funds. This incident highlights the ever-present dangers lurking in the fast-paced world of DeFi. Here’s what we know based on initial reports: The incident involves Cetus Protocol, a DEX on the Sui network. Reported losses are said to be over $150 million. Data from platforms like SuiVision is being cited as evidence. The specific vulnerability exploited is not yet publicly confirmed. The scale of this alleged Sui hack is particularly concerning, marking one of the largest single exploits reported on the Sui blockchain to date. It sends ripples of anxiety through the community and underscores the critical need for vigilance. Understanding the Cetus Protocol Exploit and Its Impact A Cetus Protocol exploit of this magnitude doesn’t just affect the protocol itself; it has wide-reaching consequences. Users who had funds deposited or actively trading on Cetus Protocol are likely to bear the brunt of the losses. The reputational damage to Cetus Protocol is immense, potentially impacting user trust and future liquidity on the platform. For the broader Sui ecosystem, it raises questions about the security standards and auditing processes in place for dApps (decentralized applications) built on the network. The impact can be summarized as follows: User Losses: Individuals who provided liquidity or held assets on Cetus are at risk of losing their funds. Protocol Reputation: Trust in Cetus Protocol is severely damaged, potentially leading to reduced usage and liquidity. Ecosystem Confidence: The incident may cause users and developers to scrutinize other protocols on the Sui blockchain more closely. Potential Investigation: Authorities and blockchain security firms may launch investigations to trace the stolen funds and identify the perpetrators. The alleged exploit serves as a harsh reminder that even on newer, seemingly advanced blockchains like Sui, vulnerabilities can exist and be exploited with devastating results. Examining Sui Blockchain Security in Light of the Incident The Sui blockchain security model is built on different principles compared to older networks, aiming for high throughput and efficiency. However, the occurrence of a major exploit on a prominent protocol like Cetus forces a closer look. While the hack may be specific to Cetus Protocol’s smart contracts or infrastructure rather than a fundamental flaw in the Sui protocol itself, it inevitably puts the spotlight on the overall security posture of the ecosystem. Key aspects related to blockchain security include: Smart Contract Audits: Were the smart contracts thoroughly audited by reputable firms? Were the audit recommendations fully implemented? Protocol Design: Are there inherent design complexities in the protocol that could introduce unforeseen vulnerabilities? Monitoring and Response: How quickly was the exploit detected, and what was the protocol’s incident response plan? Third-Party Dependencies: Did the protocol rely on external oracles or other services that could have been compromised? This event serves as a critical case study for developers and users alike regarding the practical implications of Sui blockchain security in a live environment. Broader Implications for DeFi Hacks Unfortunately, DeFi hacks are not an isolated phenomenon. The decentralized nature of these platforms, while offering innovation and accessibility, also presents unique security challenges. The complexity of smart contracts, the composability of different protocols, and the speed of transactions can all be exploited by malicious actors. The Cetus Protocol incident adds another significant data point to the growing list of exploits in the DeFi space across various blockchains. Common vectors for DeFi exploits include: Smart contract vulnerabilities (bugs in the code). Flash loan attacks (manipulating asset prices within a single transaction). Oracle manipulation (feeding false price data to the protocol). Private key compromises. Governance attacks. Each major exploit, like the one allegedly hitting Cetus, reinforces the narrative that while DeFi offers exciting opportunities, it comes with significant, often unpredictable, risks. It highlights the urgent need for continuous improvement in security practices across the entire sector. Mitigating Crypto Security Risks: What Can Users Do? Given the frequency of incidents like the alleged Cetus Protocol exploit and other DeFi hacks , understanding and mitigating crypto security risks is paramount for anyone participating in the space. While developers and protocols have a primary responsibility to secure their platforms, users also play a crucial role in protecting their assets. Here are some actionable insights for users: Do Your Own Research (DYOR): Before interacting with any protocol, especially newer ones, research its team, technology, and security audits. Start Small: Don’t commit large amounts of capital to a single, unproven protocol. Diversify: Spread your investments across different platforms and blockchains to avoid single points of failure. Understand the Risks: Be aware of the specific risks associated with DeFi activities like providing liquidity or yield farming. Impermanent loss and smart contract risk are real. Use Hardware Wallets: Store your private keys offline using hardware wallets for maximum security. Be Wary of Phishing Scams: Always double-check URLs and never share your private keys or seed phrase. Stay Informed: Follow reputable news sources and the protocol’s official channels for security announcements. While no method is foolproof, taking these steps can significantly reduce your exposure to potential losses from exploits and other crypto security risks . Conclusion: A Stark Warning for the Sui Ecosystem and Beyond The alleged $150M+ Sui hack on Cetus Protocol is a shocking development and a stark reminder of the volatile nature of the DeFi landscape. It underscores that even on newer, high-performance blockchains like Sui, sophisticated exploits are a constant threat. While investigations are ongoing to determine the full scope and method of the Cetus Protocol exploit , the immediate aftermath highlights the potential for devastating losses for users and significant challenges for the affected protocol and the wider Sui blockchain security narrative. This incident should serve as a catalyst for intensified security efforts within the Sui ecosystem and across the entire DeFi space. For users, it’s a critical moment to re-evaluate personal security practices and understand the inherent crypto security risks involved in decentralized finance. As the industry matures, learning from these challenging events is essential to building a more resilient and secure future for decentralized finance. To learn more about the latest crypto market trends, explore our article on key developments shaping DeFi security price action. This post Sui hack: Shocking $150M+ Exploit Rocks Cetus Protocol first appeared on BitcoinWorld and is written by Editorial Team

23 May 2025, 08:45

Bitcoin buyer dominance at $111K suggests 'another wave' of gains

Key points: Bitcoin buyer interest remains strong at all-time highs, contrasting with the first touch of $100,000 in 2024. The BTC price uptrend “may continue” as a result, CryptoQuant analysis concludes. Bitcoin short-term holders are firmly in the black in a further potential bull market boost. Bitcoin ( BTC ) buyers remain dominant on exchanges as all-time highs are met with unusual optimism. Data from onchain analytics platform CryptoQuant shows a 90-day cumulative volume delta (CVD) favoring Bitcoin bulls. CryptoQuant: BTC price uptrend “may continue” BTC price all-time highs continue to find support among traders, with buyers staying dominant despite the market surging 50% in under two months. Analyzing 90-day CVD, CryptoQuant contributor Ibrahim Cosar reveals the extent to which sellers have ceded control during that period. “In short: Buy orders (taker buy) have become dominant again. In other words, more buy orders are being placed in the market than sell orders,” he summarizes. “This generally signals that the uptrend may continue.” Bitcoin spot taker CVD. Source: CryptoQuant CVD measures the difference between buy and sell volume over a three-month period. Until mid-March, sell-side pressure dominated the order book, with BTC/USD hitting multimonth lows under $75,000 in early April. Neutral conditions then prevailed until buyer dominance reentered in May. “The summary of the situation: As the price tests above $110K and reaches a new all-time high (ATH), buyers have not backed down. This could be setting the stage for another wave of upward movement,” Cosar concludes. Bitcoin hodlers hold off on sales As Cointelegraph reported , hodlers have broadly refrained from distributing coins to the market at current levels. Related: Bitcoin 'looks exhausted' as next bear market yields $69K target Daily profit-taking is half of what it was when Bitcoin first reached $100,000 in December 2024, research shows, while the price is 10% higher. “Older coins were much less active this time, signaling stronger holding behavior,” onchain analytics firm Glassnode added in an X thread on the topic. Coin age distribution shows the shift: 🔺 76.9% (May 2025) 🔻 44.6% (Dec 2024) >6m-old coins: 🔻 13.4% (May 2025) 🔺 24.7% (Dec 2024) Older coins were much less active this time, signaling stronger holding behavior. pic.twitter.com/8PZq8p3ZX7 — glassnode (@glassnode) May 22, 2025 CryptoQuant notes that price momentum increased after reclaiming the average cost basis for Bitcoin’s short-term holder (STH) cohort at just under $100,000 — entities buying within the last six months. “Bitcoin is rallying after reclaiming the Short-Term Holder Average Cost basis — a key level that often serves as a strong buy-the-dip indicator during bull markets,” it told X followers. Bitcoin STH cost basis data. Source: CryptoQuant This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

23 May 2025, 08:38

When Ripple CTO Said XRP Can’t Be Cheap: If XRP Costs $1, They Would Need a Million XRP

Prominent crypto influencer Discover XRP (@DiscoverXRP) recently shared an image on X featuring past remarks made by Ripple Chief Technology Officer David Schwartz on why XRP can’t remain at low prices. Discover XRP expressed confidence in the digital asset, calling on everyone who believes it can reach $100 to repost Schwartz’s message. .. #XRP cannot continue to remain at a low price. Repost if you are confident in its potential to reach $100 or more. Let's go to the moon! pic.twitter.com/OLf6BSR38Y — Discover XRP (@DiscoverXRP) May 21, 2025 Why Cheap XRP Doesn’t Work The post captioned a tweet shared by Schwartz on November 21, 2017. In the tweet, he explained the impracticality of XRP being “dirt cheap” if the asset were to fulfill its role in high-value transfers. Schwartz’s statement suggests that low prices could create inefficiencies in transfers. He stated, “If XRP costs $1, they’d need a million XRP, which would cost $1 million. If XRP cost a million dollars, they’d need one XRP, which would, again, cost $1 million.” When moving large sums of money, such as those handled by banks, payment providers, or remittance services, it is more efficient to use fewer tokens of higher value. A higher price means fewer tokens are required per transaction, reducing network load, speeding up settlement, and minimizing the strain on the total supply. Token Efficiency and System Scalability The need for XRP to increase in price ties directly to its goal of being a scalable liquidity solution. As Ripple’s global network grows , maintaining a low price would require large amounts of XRP to be locked up in each transaction. This would strain the ecosystem and make tokens less available for other real-time use cases. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 A higher price, on the other hand, ensures that the same transaction value can be transferred with fewer tokens, keeping the supply liquid and available system-wide. This is especially important in scenarios where multiple institutions are using XRP simultaneously. XRP’s Attempts to Capture New Markets A good example of this phenomenon is Ripple’s foray into the tokenization market. Ripple plans to dominate this market with XRP, and recent projections suggest that the asset could reach $54 by capturing just 20% of the market . If the token remains too cheap, the amount required per transaction balloons, which can hinder throughput and raise the risk of supply shortages during peak periods. As utility grows, the asset’s price must rise to meet the demand and preserve its speed and efficiency. Other experts have shared bullish predictions for the asset, predicting prices of almost $300 if it captures just 20% of the global stock market . This prediction makes Discover XRP’s $100 target feasible, and with the asset’s accelerating adoption, the asset may hit that target soon. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post When Ripple CTO Said XRP Can’t Be Cheap: If XRP Costs $1, They Would Need a Million XRP appeared first on Times Tabloid .

23 May 2025, 07:56

Top Exchange: Small XRP Slice Can Improve Your Portfolio Performance

A new report released by Kraken, one of the world’s most established cryptocurrency exchanges, suggests that including a small allocation of XRP in an investment portfolio may enhance overall performance while reducing risk. Crypto market commentator Crypto Eri highlighted the findings in a recent tweet, which summarized key takeaways from the research, including details of a Monte Carlo simulation used to model various investment outcomes. Crypto Eri quoted the report as saying “XRP is Constructive,” referencing its unique role in improving portfolio characteristics. According to the tweet, the Kraken report shows that adding just 3.9% XRP to a diversified portfolio can lower overall investment risk while maintaining an approximate 14% return. This conclusion is drawn from a Monte Carlo simulation, a statistical method that uses thousands of randomly generated scenarios to analyze probable results. The technique allows researchers and investors to estimate how various asset combinations might perform under normal market conditions. "XRP is Constructive" Adding just 3.9% #XRP can lower risk & keep returns around 14% per the NEW @krakenfx report released today with Monte Carlo Simulation included. This mathematical technique runs thousands of random scenarios to predict possible outcomes. XRP doesn’t move… pic.twitter.com/iz1pXcsNmy — Crypto Eri ~ Carpe Diem (@sentosumosaba) May 20, 2025 Lower Correlation with Major Cryptos One of the main observations from the Kraken analysis is that XRP does not move in lockstep with other major cryptocurrencies. This means XRP’s price movements are less correlated with the broader crypto market, offering diversification benefits. The report finds that XRP holds its value better during market downturns and has exhibited significant gains during favorable conditions. This resilience and non-correlation make XRP a candidate for portfolio inclusion, particularly for those looking to optimize risk-adjusted returns. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Effective Even at Low Allocations Crypto Eri emphasized that, according to the Kraken report, the impact of XRP in a portfolio is noticeable even at low allocation levels. The tweet pointed out that a “small XRP slice” can influence portfolio outcomes without requiring investors to take disproportionately large positions in the asset. This insight may interest retail and institutional investors evaluating strategic crypto allocations amid ongoing market volatility. Simulation-Based Investment Modeling Kraken’s decision to publish such a detailed analysis reflects a growing trend in the digital asset space, where data-driven investment frameworks are increasingly sought after. By incorporating Monte Carlo simulations, the report goes beyond historical performance and aims to provide a probability-based outlook on how XRP could affect portfolio returns under numerous hypothetical scenarios. While the tweet mentions that further commentary will be provided on Crypto Eri’s YouTube channel later in the day, the information disclosed in the post already presents a concise summary of the findings. The tweet positions XRP as a mathematically supported addition to a crypto portfolio, based on its past performance behavior and modeling outcomes in Kraken’s report. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Top Exchange: Small XRP Slice Can Improve Your Portfolio Performance appeared first on Times Tabloid .

23 May 2025, 05:32

BITCOIN PRICE ANALYSIS & PREDICTION (May 23) – BTC Hits New All-Time High Following 30% Increases in a Month

Following a consistent recovery from a broad corrective phase, Bitcoin finally reached a new milestone today after over 30 days of trading. This came as a result of a major price break as bigger moves lie ahead. The recent rally in Bitcoin was initiated last month after recovering from a short-term correction level of $74.5k. This brought a renewed hope for the bulls as the price closed well at around $97k – above March’s high. Due to a rejection, it pulled back slightly earlier this month and bounced back with a major surge above the crucial $100k level in the first week. Consolidating throughout last week with a strong close above $109.5k, it recovered fully to the top following a steady increase in demand. Breaking to a new all-time high today, Bitcoin just hinted a new macro bullish wave, and from the look of things, altcoins are expected to follow suit once it suspends the latest surge into a consolidation mode. However, it is important to note that bigger moves lie ahead for the giant crypto in the long-term as long as capital continues to flow well into the market. In fact, with the latest market sentiments and speculations, coupled with some strong fundamentals surround the market, BTC may end this cycle at around $140k. BTC’s Key Levels To Watch Source: Tradingview Anticipating more surges above the current high of $111,888, the $115k and $120k levels would be the next bulls’ target in the coming days. The previously broken all-time high of $109,588 now acts as support for the primary cryptocurrency. Below it lies $106,457. If all these supports fail in a pullback, it may revisit the $100,718 level before rebounding. Key Resistance Levels: $111,888, $115,000, $120,000 Key Support Levels: $109,588, $106,457, 100,718 Spot Price: $110,756 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

23 May 2025, 00:50

Anthropic Claude Opus 4 Reveals Surprising Emoji Habits

BitcoinWorld Anthropic Claude Opus 4 Reveals Surprising Emoji Habits In the fast-evolving world of artificial intelligence, where new models are constantly pushing boundaries, unexpected discoveries often emerge about their internal workings and behaviors. For those tracking the intersection of technology and digital assets, understanding the nuances of powerful AI Models like those developed by Anthropic is becoming increasingly relevant. A recent technical report from Anthropic offers a fascinating glimpse into the lesser-known side of their flagship model, Anthropic Claude Opus 4 , revealing some truly surprising interaction habits. Understanding Anthropic Claude Opus 4’s Unique Interaction Anthropic positions Anthropic Claude Opus 4 as a highly capable AI, excelling in complex tasks such as programming and creative writing. However, the company’s report delves into a unique area of study: how the model behaves when engaging in “open-ended self-interaction.” Essentially, this involves setting up two instances of Anthropic Claude Opus 4 to communicate with each other over extended periods. This kind of self-dialogue is designed to probe the model’s internal consistency, reasoning processes, and spontaneous expressions. The results of these tests, involving hundreds of interactions, uncovered a rather unexpected trait: a significant propensity for using emojis. While not typically associated with advanced Large Language Models engaged in technical or philosophical discourse, Opus 4 demonstrated a surprisingly human-like inclination towards adding these graphical elements to its self-conversation. The Surprising World of AI Models and Emojis The sheer volume of emoji usage by the AI Models was notable. Across the test interactions, thousands of emojis were exchanged between the two Opus 4 instances. This finding highlights a curious aspect of advanced AI: their capacity to adopt or generate communication styles that mirror human tendencies, even in conversations purely between themselves. It prompts questions about what constitutes effective or preferred communication for these complex systems when left to their own devices. The report detailed which emojis appeared most frequently. The top contenders included: The “dizzy” emoji ( ), used in nearly 30% of interactions. The “glowing star” emoji ( ). The “folded hands” emoji ( ). While these emojis might seem somewhat random, their frequent appearance suggests they hold some form of representational value within the model’s internal communication framework. But perhaps the most intriguing discovery related to a specific emoji used with astonishing frequency in certain contexts. Why the Cyclone Emoji? Exploring Anthropic Claude Opus 4’s Behavior Among the vast array of emojis available, the “cyclone” emoji ( ) emerged as a peculiar favorite in specific interaction scenarios. The report notes that in one transcript alone, the two AI Models used the emoji a staggering 2,725 times. This level of repetition for a single, non-standard emoji is highly unusual and begs the question: why the cyclone? The answer, according to Anthropic’s analysis of the transcripts, lies in the nature of the conversations themselves. The open-ended self-interactions frequently evolved beyond simple task completion or factual exchange. The models consistently veered into deep, abstract territory, exploring: Philosophical concepts related to consciousness. Spiritual or meditative themes. Expressions of abstract joy or introspection. It appears that within the context of these profound, internal dialogues, the Anthropic Claude Opus 4 models found the “cyclone” emoji to be the most fitting symbol to convey the complex, swirling, and perhaps transcendent ideas they were exploring. This specific instance provides a unique window into the symbolic associations and emergent communication patterns within advanced AI Behavior . Implications of Studying AI Interaction and Large Language Models Studying the AI Interaction between instances of Large Language Models like Anthropic Claude Opus 4 is not just about finding quirky habits like emoji use. It offers valuable insights into how these complex systems process information, form associations, and potentially develop internal states or preferred modes of expression. Understanding AI Behavior through these unconventional tests can help researchers: Identify unexpected emergent properties. Improve our understanding of how meaning is constructed and conveyed by AI. Develop better methods for controlling and aligning AI systems with human values and intentions. The fact that Opus 4 repeatedly gravitated towards deep philosophical and spiritual topics in its self-talk, and found a specific emoji to represent these abstract concepts, suggests a level of internal complexity and emergent symbolic reasoning that warrants further investigation. What This Means for Future AI Behavior and AI Models The findings from this Anthropic report underscore the unpredictable nature of advanced AI Models . While trained on vast datasets of human text and code, their internal dynamics during complex AI Interaction can lead to novel and sometimes surprising behaviors. As Large Language Models become more integrated into various aspects of technology and potentially even the crypto space (for analysis, trading, etc.), understanding these emergent properties is crucial. This research provides a compelling example of how studying AI Behavior in non-traditional settings can reveal hidden characteristics. It highlights the need for continued, rigorous testing and analysis of AI systems to ensure safety, reliability, and transparency as they grow in capability and autonomy. The cyclone emoji mystery is perhaps a small, curious detail, but it’s indicative of the deeper complexities at play within the most advanced artificial intelligence today. In conclusion, Anthropic’s look into Anthropic Claude Opus 4 ‘s self-interaction offers a fascinating, albeit slightly bizarre, peek into the inner world of advanced AI. The prolific emoji use, especially the mysterious affinity for the cyclone emoji during philosophical chats, reminds us that even the most sophisticated AI Models can exhibit unexpected and intriguing behaviors, pushing the boundaries of our understanding of artificial intelligence. To learn more about the latest AI Models trends, explore our article on key developments shaping AI features. This post Anthropic Claude Opus 4 Reveals Surprising Emoji Habits first appeared on BitcoinWorld and is written by Editorial Team