Today, the Sui-based decentralized exchange Cetus is suspected of being exploited, with onchain data indicating significant asset drainage despite the team attributing it to a 'bug.' Bitcoin has surpassed $110,000 for the first time and is on an upward trend. The Texas House has approved a Bitcoin reserve bill. Cetus, a DEX on the Sui blockchain, may have lost over $200 million in digital assets due to a massive exploit. Web3 researcher COMDARE3 reported on Twitter about the exploitation of Cetus. Extractor, a monitoring tool by Hacken, confirmed large fund transfers. Cetus saw a surge in transaction volume, possibly linked to the exploit. Bitcoin's price surge is attributed to institutional infrastructure and regulatory clarity. Texas passed SB 21 to establish a Bitcoin reserve managed by the state comptroller. If signed into law, Texas will be the second state with a cryptocurrency reserve after New Hampshire. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC