Trump's family backed World Liberty Financial (WLF) brushes | Old Sport on Binance Square

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Trump's family backed World Liberty Financial (WLF) brushes off oversight concerns from Congress.
The co-founder of World Liberty Financial pushes back against US lawmakers' attempts to probe potential conflicts of interest involving the president. #TRUMP $TRUMP 

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Sui DEX Cetus hit by suspected hack: Over $200 million in potential losses. Cetus, a decentralized exchange (DEX) built on the Sui blockchain, is suspected to have been hit by a massive exploit that may have drained more than $200 million worth of digital assets. Pseudonymous Web3 researcher COMDARE3 posted on X that “users report” that Sui-based DEX Cetus is being exploited.” They also shared a screenshot of Cetus market data on DEX Screener, showing many assets losing well over half of their value over the last 24 hours. The team behind Extractor, an onchain monitoring tool developed by crypto cybersecurity company Hacken, confirmed that “at least $63m was already bridged to Ethereum, 20k ETH was just transferred to a fresh wallet” in a single transaction. A Hacken representative told Old Sport News that these findings were confirmed by the company’s Web3 researcher, Yehor Rudytsia. Cetus pool data shows that as of the time of writing, the DEX processed $2.9 billion worth of transactions on May 22, a significant increase over the $320 million reported on May 21. This heightened level of activity may have been caused by funds being siphoned out of the protocol. A Sui team representative gave no comment to Old Sport News regarding the Cetus situation. #suihacked #SUI $SUI

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$BTC Today’s #TrumpTariffs announcement is shaking the global economy. With the U.S slapping 25% tariffs on imports from Canada and Mexico, and 20% on Chinese goods, we’re seeing major market reactions. The Indian Rupee hit a record low of 87.29 against the USD, and the Sensex dropped over 400 points. Big players like GM and Ford are scaling back earnings forecasts. The OECD is warning of rising inflation and slowing growth. Meanwhile, Bitcoin is holding strong near $103K — showing resilience in uncertain times.

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GENIUS stablecoin bill blocked in US Senate. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) of 2025 Act was blocked by Democrat lawmakers in the Senate on May 8, stalling the bill's progress. Although the bill initially received bipartisan support from US lawmakers, Democrats opposed the bill last minute due to concerns over President Donald Trump pushing crypto policies for self-benefit. Senior officials in the Trump administration have repeatedly stated that using stablecoins to protect the US dollar's global reserve status was a key policy objective. Following the stalling of the GENIUS stablecoin bill in the Senate, Treasury Secretary Scott Bessent wrote: The Treasury Secretary added that if the US does not encourage innovation in digital assets then crypto firms will move offshore. #BTC #GENIUSAct #FederalReserve $BTC $ETH $BNB

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