CoinRank

High-profile attendees include Lee Eun-joo from Gyeonggi Provincial Assembly, former Gangwon Governor Choi Moon-soon, LINE NEXT, Conflux Network’s COO, and government representatives from Thailand and Vietnam’s Internet Association.

The expo unites disruptive forces across three critical sectors—Artificial Intelligence, Web3, and cross-border E-commerce—creating unprecedented opportunities for international collaboration and technological advancement at KINTEX venue.

Over 100 mainstream media outlets including Cointime, JinseFinance, ChainCatcher, Blockstreet, and CoinRank provide comprehensive coverage, positioning NEXUS 2140 as a critical hub for global tech innovation and commerce.

NEXUS 2140 AI・Web3・E-commerce Global Expo takes place June 21 at KINTEX, Goyang featuring government officials, industry leaders from 16 countries. Over 100 media outlets cover this flagship tech innovation event.

 

 

According to official sources, the highly anticipated NEXUS 2140 AI・Web3・E-commerce Global Expo has officially entered its final countdown. The flagship event will take place on June 21 at KINTEX in Goyang, South Korea.

 

Bringing together key figures from 16 countries and regions, the Expo will feature government officials, industry leaders, and enterprise delegates across the fields of Artificial Intelligence, Web3, and cross-border E-commerce—uniting the world’s most disruptive forces under one roof.

 

Confirmed attendees include:

 

Lee Eun-joo, Member of the Gyeonggi Provincial Assembly

Choi Moon-soon, Former Governor of Gangwon Province

Kim Kyung-sung, President of the Inter-Korean Sports Exchange Association

Morsub/Prasit, LT GEN

LINE NEXT

Dr. Shi Yuhua, Chairman of Armonia Group

Zheng Chaohui, Executive Vice President, Chinese Chamber of Commerce in Korea

Wang Haijun, President of the Korean Chinese Peaceful Reunification Promotion Association

Lee Seon-ho, President of the Korea-China Silk Road International Exchange Association

Kim Ho-rim, Representative of the National Federation of Korean Nationals

Yeom Seung-ho, Kakao Games

Yuanjie Zhang, Co-founder & COO of Conflux Network

Experts from the Vietnam Internet Association, including NGUYEN TUAN SON, NGUYEN MINH DUONG, and tourism specialists NGUYEN PHUOC PHAT THINH and NGUYEN HOANG YEN NHUNG

Secretary General of the Thai National Assembly

 

The event is also receiving wide media coverage from over 100 mainstream outlets, including Cointime, JinseFinance, HotChainMedia, TECHUBNEWS, METAERA, TreeFinance, FXH.AI, DianDiFinance, ChainCatcher, HelloWeb3, Blockstreet, CoinRank, and B.news.

 

As global attention turns to Goyang, NEXUS 2140 is fast emerging as a critical hub for innovation and international collaboration, poised to unlock unprecedented opportunities at the frontier of technology and global commerce.

〈NEXUS 2140 Enters Final Countdown: Global AI•Web3•Ecom Expo Set to Ignite in Korea〉這篇文章最早發佈於《CoinRank》。

Meteora unveils PnL tracker and DLMM tools to enhance transparency and liquidity provision on Solana post-manipulation incident.

$LABUBU meme coin crashes below $28M amid legal risks, toy oversupply, and whale sell-offs, losing over 50% from its peak.

Plasma plans to launch a Bitcoin L2 for zero-fee stablecoin transfers, raising $1B but facing strong competition and regulatory challenges.

 

 

METEORA TO LAUNCH PNL TRACKER & DLMM TOOLING

 

Meteora, a major liquidity protocol in the Solana ecosystem, announced multiple product updates aiming to enhance LP tools and transparency.

 

The team will soon release a web-based PnL tracker supporting USDC, a DLMM (Dynamic Liquidity Market Maker) monitoring tool with Telegram alerts, and Dune dashboards for DLMM and DBC metrics.

These updates target improved user experience, capital efficiency, and platform transparency. With over $1.1 billion in TVL, Meteora is strengthening its infrastructure post-February’s M3M3 manipulation incident, signaling renewed trust-building efforts.

 

Analysis

 

Meteora’s push for tooling shows the maturation of Solana’s DeFi ecosystem, focusing on reliability and LP empowerment. Transparency tools may help re-establish trust after past controversies and attract more institutional players.

 

 

$LABUBU MEME COIN DROPS BELOW $28M

 

Solana-based meme coin $LABUBU, inspired by Pop Mart’s Labubu IP, saw its market cap plunge to $27.89M, down over 20% in 24 hours and over 50% from May highs.

 

Although the coin gained traction via TikTok and celebrity hype, it faces volatility due to unofficial status, no whitepaper, and ongoing legal risks.

 

Recent increases in physical toy supply and falling resale prices have weakened investor enthusiasm. Whale sell-offs have added to the price pressure.

 

Analysis

 

 

$LABUBU’s crash shows the fragility of meme coins without utility or proper IP authorization. While viral hype can drive short-term gains, lack of substance makes them vulnerable to sudden corrections and market abandonment.

 

 

PLASMA TO LAUNCH BITCOIN STABLECOIN L2 BY LATE SUMMER

 

Plasma, a Bitcoin-native Layer 2 optimized for stablecoin transfers, announced plans to launch by late summer 2025. The network features zero-fee transfers, EVM compatibility, and BTC-secured settlement, targeting high-throughput stablecoin payments.

 

The project raised $1B through XPL token sales with backing from Tether CEO Paolo Ardoino and investor Peter Thiel. However, it faces stiff competition from Ethereum and Tron, and must meet regulatory hurdles like the U.S. GENIUS Act.

 

Analysis：

 

Plasma could reshape BTC-based stablecoin infrastructure, but must rapidly build partnerships, integrations, and secure regulatory compliance. Success depends on delivering scalability without compromising trust or liquidity.

〈CoinRank Crypto Digest (6/20)｜$LABUBU Meme Coin Market Cap Falls Below $28M〉這篇文章最早發佈於《CoinRank》。

The Fed held rates steady at 4.25%–4.5%, citing inflation risks and economic uncertainty despite political pressure from Trump.

Trump called Powell “stupid” and demanded aggressive rate cuts, criticizing Fed policy as hindering growth amid his inflationary agenda.

Tensions between Trump and the Fed raise concerns over central bank independence, with potential market risks and long-term economic credibility at stake.

 

As blockchain technology rapidly grows, cross-chain interoperability is becoming essential to break the “islands” of blockchain networks and boost DeFi (decentralized finance) development.

 

In June 2025, cross-chain protocol Wormhole announced it is expanding its Native Token Transfer (NTT) framework to the Sui network. Sui-based decentralized exchange Momentum becomes the first platform to support NTT-based assets.

 

This collaboration brings billions in potential liquidity to Sui and marks Sui’s rising importance in DeFi and cross-chain tech.

 

 

WORMHOLE NTT FRAMEWORK: A NEW STANDARD FOR CROSS-CHAIN TRANSFERS

 

Wormhole is a leading cross-chain protocol that helps transfer assets between different blockchains. The NTT framework is one of its main innovations. It allows tokens to move across chains without losing their native properties.

 

Unlike traditional bridges that rely on liquidity pools—often leading to high fees, slippage, or MEV (miner extractable value) issues—NTT uses a decentralized network of validators called Guardians. This setup makes token transfers cheaper, safer, and simpler.

 

 

Expanding NTT to Sui is a major step. Sui is a Layer 1 blockchain known for high performance and low fees. It uses the Move programming language and supports fast, parallel processing.

 

The NTT system fits well with Sui’s architecture and offers developers a strong base to build cross-chain applications.

 

Previously, Wormhole already supported Ethereum-based (EVM) chains and Solana. Adding Sui widens its ecosystem and opens new opportunities for cross-chain functionality.

 

 

MOMENTUM: DEFI PIONEER IN THE SUI ECOSYSTEM

 

Momentum is the first DEX on Sui to support NTT-based assets. Using an automated market maker (AMM) model, it allows users to swap tokens in a decentralized way.

 

By integrating Wormhole’s NTT system, Momentum enables cross-chain token trading. Initial supported tokens include Gate Token (GT), MEXC Token (MX), and Bonk (BONK) from Solana.

 

 

This token lineup shows Momentum’s smart strategy: GT and MX are popular CEX (centralized exchange) tokens, bringing in existing users.

 

BONK is a well-known meme coin in Solana, helping attract retail traders. This mix of assets adds diversity and appeal to Momentum’s platform.

 

Momentum is also driving growth through rewards and user engagement. It partnered with OKX’s learning platform Cryptopedia to launch over $1 million in rewards for liquidity mining and trading.

 

This effort has boosted its TVL (total value locked) and brought more attention to the Sui ecosystem. Momentum plans to support NTT-based trading pairs continuously until the bridge officially goes live in September 2025.

 

 

THE FUTURE OF CROSS-CHAIN IN SUI

 

Wormhole and Sui started working together in late 2024, with the Sui Canonical Bridge UI providing an easy way to transfer assets. The launch of NTT on Sui builds on this, adding more flexibility and efficiency. It unlocks billions in cross-chain liquidity for Sui.

 

 

In DeFi, NTT gives developers tools to build products like cross-chain lending, derivatives, and synthetic assets.

 

In NFTs and GameFi, Sui’s speed and low fees make it ideal for asset transfers. NTT will help games and collectibles move across chains easily.

 

With Momentum and OKX’s partnership, more users are joining the ecosystem through incentives.

 

Sui’s technical strengths also play a big role. As a high-throughput blockchain, it supports large-scale dApps.

 

NTT integration brings in users and assets from EVM chains and Solana, helping Sui grow faster in DeFi and GameFi. Cross-chain synergy will be key to Sui becoming a major player in the industry.

 

 

BROADER IMPACT ON THE BLOCKCHAIN INDUSTRY

 

Wormhole’s NTT system is changing how cross-chain transfers work. Its successful launch on Sui proves it can support high-performance blockchains and offers a model for other networks.

 

In the future, NTT may expand to even more chains, helping to connect the blockchain world and enable free movement of assets and data.

 

 

For Sui, NTT and Momentum show the ecosystem is maturing fast. Sui is evolving from a new blockchain into a serious contender in DeFi and GameFi.

 

Momentum’s success also reflects a larger DeFi trend: by combining cross-chain tech with user rewards, platforms can lower the barrier to entry and attract more users. This improves the DeFi experience and supports wider blockchain adoption.

 

 

CHALLENGES AND OUTLOOK

 

Despite the strong potential, there are still challenges. Cross-chain bridges have been a major target for hackers. Even with security audits and the Guardian network, Wormhole must continue investing in safety.

 

Sui also needs better user education and developer support to grow its app ecosystem. Momentum must keep innovating to stay competitive—by adding new tokens or partnering with other protocols.

 

 

Looking forward, the combination of NTT, Sui, and Momentum builds a solid foundation. As more assets and protocols join Sui, its cross-chain liquidity will rise, making it more powerful in the global blockchain space.

 

This partnership is more than just a tech upgrade—it’s a step toward a more connected and open blockchain future.

〈Wormhole NTT Launches on Sui, Momentum Leads the Way〉這篇文章最早發佈於《CoinRank》。

GPT-5 represents a major leap in AI, offering smarter reasoning, higher reliability, and full multimodal support—including video generation.

 

Its release is still unconfirmed, but estimates suggest late 2025 to early 2026, as OpenAI prioritizes quality over fixed deadlines.

 

A free tier and a $20/month subscription model are likely, continuing OpenAI’s approach of balancing accessibility with premium features.

GPT-5 is OpenAI’s next-gen language model with advanced reasoning, full multimodal features, and deeper personalization—reshaping the future of AI-human interaction.

WHAT IS GPT-5?

 

 

GPT-5 is the latest iteration of OpenAI’s language models, following the highly advanced GPT-4. It represents a significant evolution in AI capabilities, pushing the boundaries of natural language understanding, flexibility, and multimodal interaction.

 

GPT stands for “Generative Pre-trained Transformer” — a type of large language model designed to generate human-like content across text, images, and more. The ChatGPT series is based on this architecture, enabling users to interact with AI in a conversational format for tasks such as writing, translation, summarization, ideation, and more.

 

Since the launch of the original ChatGPT in November 2022, OpenAI has continuously refined its models, releasing GPT-4 & GPT-4.5. Now, attention is turning to the next milestone: GPT-5.

 

Based on what is currently known, GPT-5 is expected to offer:

 

More natural and context-aware language generation

A larger and more diverse training dataset

Advanced multimodal features — including potential video generation

 

OpenAI describes GPT-5 as a bridge between humans and machines — not just a text generator, but a truly intelligent assistant capable of understanding complex queries and delivering meaningful output. With GPT-5, AI is moving beyond utility to become a genuine digital collaborator in both personal and professional life.

 

>>> More to read: What is Generative AI? Over 70% of Global Businesses Use It

WHEN WILL GPT-5 LAUNCH?

 

Following the success of ChatGPT, excitement around GPT-5 continues to grow. While OpenAI has not officially confirmed a release date, early speculation suggested a launch as soon as summer 2024. In November 2023, OpenAI CEO Sam Altman told the Financial Times that GPT-5 was in development but gave no timeline. Interestingly, Altman had previously denied that the company was training a new model—only to later shift his tone.

 

At a private Y Combinator alumni event in September 2023, Altman reportedly discussed both GPT-5 and GPT-6, saying the models had been “successfully trained.” Omar Shams, CEO of Mutable AI, and Iba Masood, founder of a YC-backed AI startup, confirmed that Altman described the new models as significant upgrades over prior versions.

 

Most interesting part of @sama talk: GPT5 and GPT6 are “in the bag” but that’s likely NOT AGI (eg something that can solve quantum gravity) without some breakthroughs in reasoning. Strong agree.

— Omar Shams (@smahsramo) September 24, 2023

 

📌 Delays, Uncertainty, and the Road Ahead

 

In January 2024, Altman hinted during Bill Gates’ Unconfuse Me podcast that GPT-5 could arrive within the year. However, OpenAI CTO Mira Murati offered a more cautious update in June 2025, stating that the release might not happen until late 2025 or early 2026. This reflects a broader theme from OpenAI: product readiness takes priority over rigid deadlines.

 

Altman reinforced this approach on the All-In Podcast, explaining that GPT-5 has no fixed launch date—and may not even be called “GPT-5” at all. In the meantime, OpenAI has kept up its momentum by introducing groundbreaking tools like Sora (a video-generating model) and GPT-4o, a real-time multimodal AI system. These releases suggest the foundation is being laid for a major leap forward once GPT-5 is ready for the spotlight.

 

 

>>> More to read: What is Google AI Overview? The Future of Search Starts Here!

WHAT CAN GPT-5 DO?

 

At various AI and tech conferences, OpenAI CEO Sam Altman has consistently hinted that GPT-5 will mark a significant leap in artificial intelligence capabilities—redefining how humans interact with machine learning technologies. The expectations aren’t just about being “better,” but about doing more, more accurately, and in more personalized ways.

 

Altman has outlined several core focus areas for the upcoming model:

 

Expansion of multimodal capabilities

Enhanced reasoning ability

Greater response reliability

And deeper levels of personalization

 

These improvements suggest that GPT-5 won’t just be smarter—it will be more context-aware, more consistent, and far more adaptable to individual user needs.

✅ Smarter, More Reliable, Fully Multimodal

 

One of the most exciting developments is the model’s ability to act as a highly personalized assistant. Altman explained that users could one day ask GPT-5 questions like, “Which of today’s emails are most important?”—and get concise, intelligent summaries tailored specifically to them.

 

Reliability is also getting a major upgrade. According to Altman, while GPT-4 might generate 10,000 potential answers to a question (some excellent, many not), it still struggles to consistently pick the best one. GPT-5 aims to solve this by selecting the optimal response every time, not just occasionally.

 

Another major leap is the model’s full multimodal architecture. Building on existing features like voice interaction, image generation, and code writing, GPT-5 is expected to introduce video generation—a game-changer for creative professionals, educators, and content creators.

 

Looking ahead, Altman believes the integration of voice, images, and video will become even more essential. He also emphasized that personalization will be a core focus—GPT-5 may soon help manage your emails, calendar, and even understand your meeting preferences. He further predicted that the computing power behind AI models like GPT-5 could eventually surpass GPT-4 by 100,000 to 1 million times—reshaping not only industries but potentially the geopolitical landscape as well.

 

>>> More to read: What is Google AI Overview? The Future of Search Starts Here!

WILL CHATGPT-5 BE FREE?

 

As of now, there is no official confirmation on whether GPT-5 will be available for free. However, OpenAI has historically offered both free and paid access tiers for its models—so it’s reasonable to expect the same structure to continue with the launch of ChatGPT-5.

 

If OpenAI maintains its current approach, we can anticipate two versions:

 

A free tier with access to a limited version of the model

A subscription-based plan (currently $20/month), offering priority access, faster responses, and advanced capabilities

 

While details are still under wraps, the tiered model allows OpenAI to balance broad accessibility with sustainable funding for continued AI development—meaning that most users will likely be able to try GPT-5 without paying, while power users and professionals can opt for the premium experience.

SUMMARY: WHY GPT-5 MATTERS

 

Overall, GPT-5 is expected to introduce a powerful suite of enhancements that could reshape how we interact with AI—and how AI impacts society at large. Imagine a system that doesn’t just answer surface-level questions but can deeply understand and solve complex problems with precision and nuance. That’s the promise of GPT-5, driven by its improved reasoning capabilities.

 

For startups and organizations relying on AI for core tasks and high-stakes decision-making, this could be a game-changer. The ability to process complex queries accurately will be invaluable—enabling smarter, data-driven decisions and pushing the boundaries of what’s possible in sectors ranging from healthcare to finance and beyond.

 

 

Looking for the latest scoop and cool insights from CoinRank? Hit up our Twitter and stay in the loop with all our fresh stories!

〈ChatGPT-5 Is Here | What’s New & What’s Better?〉這篇文章最早發佈於《CoinRank》。

ENS simplifies crypto by turning complex Ethereum addresses into human-readable names, improving usability and reducing transfer errors.

 

Each ENS domain is an NFT, tradable on marketplaces like OpenSea, and supports cross-chain addresses and identity integration.

 

$ENS holders participate in protocol governance through a DAO, with proposals requiring 100,000 ENS tokens to be considered.

ENS is a decentralized naming system on Ethereum that turns wallet addresses into readable names like “yourname.eth,” making blockchain easier to use and more accessible.

WHAT IS ETHEREUM NAME SERVICE(ENS)?

 

In the Web3 world, long wallet addresses like “0x83bf…” are not exactly user-friendly. That’s where ENS—short for Ethereum Name Service—comes in. Built on Ethereum, ENS is a decentralized domain name system that simplifies blockchain addresses into easy-to-remember names like “yourname.eth,” making crypto transactions and interactions much more seamless.

 

For example, Ethereum co-founder Vitalik Buterin’s wallet address is originally a long string of 42 characters. But with ENS, it becomes “vitalik.eth.” That means if you want to send him crypto, you just enter that name—no copy-pasting of confusing addresses required.

 

 

📌 Key Features of ENS Domains

 

1. Tokenized as NFTs

Each ENS domain is an ERC-721 token—yes, it’s an NFT. That means you own it just like any digital collectible and can trade or transfer it on marketplaces like OpenSea. You control the data tied to your domain, and can use it across Ethereum-based DApps, maintaining full ownership.

 

2. Smart Address Mapping

Once you register a .eth domain, you can set it up to point to your Ethereum wallet through reverse resolution. So when someone enters “yourname.eth,” it automatically routes to your actual address. No need to share the full “0x” string anymore—your name becomes your address.

 

3. Multi-Chain & Identity Integration

ENS supports more than just Ethereum—you can attach BTC, LTC, DOGE, and other crypto wallet addresses to your domain. You can also link social accounts, email addresses, even NFT collection profiles. Want your favorite NFT as your profile picture? Set it as your ENS avatar.

📌 Registration & Renewal: What to Expect

 

Getting your own ENS domain is straightforward: connect your wallet, search for the name you want, and pay the registration fee in ETH. Renewal is required annually, and pricing varies depending on the length of the name—the shorter, the more valuable (and competitive).

 

>>> More to read: Understanding ERC-20 | A Guide to ERC-20 Tokens

ENS DOMAINS VS. TRADITIONAL DOMAINS

 

In the traditional internet, websites typically use domain names ending in extensions like “.com”, “.org”, or “.tw”—for example, google.com or facebook.com. These names exist to help users easily remember and access websites, while behind the scenes, they point to numerical IP addresses that computers can actually understand. Since IP addresses like “142.250.72.238” are hard for humans to remember, the Domain Name System (DNS) was developed to serve as a translator: you type in a domain, and DNS directs you to the correct IP and loads the site.

 

So, is ENS doing something similar? Exactly—but instead of mapping domain names to IP addresses, ENS translates Ethereum wallet addresses into simple, human-readable names like “yourname.eth”.

 

ENS autocomplete is live on Interface.

Find your frENS🔍 https://t.co/pD0KYJCm0T

— ens.eth (@ensdomains) June 18, 2025

📌 ENS Is the DNS of the Blockchain World

 

While traditional DNS underpins the Web2 experience, ENS is part of the Web3 stack. Its role is to convert complex Ethereum addresses—like “0x83bf…”—into clear and memorable names.

 

Ethereum addresses are typically 42-character strings made up of letters and numbers. They’re difficult to memorize and prone to error; a single typo during a transaction can result in permanent asset loss. ENS offers a human-readable naming layer, allowing users to send crypto and interact on-chain with ease—just by typing a name, not a full address.

📌 Web2 Usernames vs. Web3 Identity Tags

 

In Web2, users log in to services using usernames, emails, or phone numbers—methods designed for people, not machines. For blockchain to reach mainstream adoption, this same user-friendliness must apply to wallet addresses. That’s where ENS comes in.

 

With ENS, a cold and unreadable “0x” address becomes something recognizable like “alice.eth”. It simplifies user interactions and lays the foundation for a readable, memorable, and trusted identity layer in the Web3 ecosystem.

 

>>> More to read: SuiNS | The Future of Digital Identity on Sui

HOW TO REGISTER AN ENS DOMAIN

 

ENS provides Ethereum users with a simple and intuitive way to manage wallet addresses by allowing them to register personalized domain names ending in “.eth”—for example, yourname.eth. These domains are easier to remember and help build a recognizable Web3 identity. So how do you get one? It’s actually very easy.

 

Just visit the official ENS website, connect your Ethereum wallet (such as MetaMask), search for your desired name, and if it’s available, you can register it on the spot. The entire process takes just a few minutes.

 

 

🔍 Pricing and Renewal

 

Registering an ENS domain requires an annual fee, paid in ETH. Like traditional domains, you must renew your ENS domain to maintain ownership. The cost depends on the length of the domain, following a tiered pricing model:

 

5 characters or more: $5 per year

4 characters: $160 per year

3 characters: $640 per year

 

Shorter names are rarer and more expensive. If you plan to keep your domain long-term, make sure to renew it before it expires to avoid losing it to someone else.

 

>>> More to read: What is Hash? The Digital Fingerprint in Crypto

WHAT IS $ENS?

 

 

 

The ENS token is the governance token of the Ethereum Name Service protocol, with a fixed supply of 100 million tokens. Approximately 20% of the total supply is currently in circulation. Holders of ENS have voting rights within the DAO, giving them the power to influence the protocol’s future direction. Governance discussions and community proposals primarily take place on the official forum at discuss.ens.domains.

 

It’s worth noting that to formally submit a proposal to the ENS community for a vote, a minimum of 100,000 ENS tokens in support is required.

✏️ ENS Tokenomics

 

The ENS token launched on November 9, 2021, via an initial token distribution (not a traditional ICO). The total supply is capped at 100 million tokens, with an annual inflation rate of up to 2%, adjustable by DAO governance. The token distribution is structured as follows:

 

✅ Treasury (4-year unlock): 50% (50,000,000 tokens), with 10% released at the DAO’s inception

 

✅ Airdrop to early users (>137,000 addresses): 25% (25,000,000 tokens), with approximately 78.5% claimed (19.6 million tokens)

 

✅ Core contributors (4-year unlock): 18.96% (18,960,000 tokens)

 

✅ Other contributors (including ~100 individuals, teams, and hundreds of Discord users): 6.04% (6,040,000 tokens)

 

This token distribution model is designed to ensure community-led governance while aligning long-term incentives between contributors and the DAO.

 

>>> More to read: What Is Ethereum & How Does It Work?

CONCLUSION

 

The Ethereum Name Service (ENS) is a decentralized naming protocol built on the Ethereum blockchain. It follows open-source standards and operates through a set of decentralized smart contracts that map blockchain addresses to human-readable names.

 

With ENS, users can purchase and manage their own domain names, enabling secure, decentralized transactions without needing to deal with long and complex wallet addresses. This significantly reduces the risk of errors when entering recipient addresses during fund transfers.

 

By making blockchain and crypto more accessible—especially for beginners—ENS is quickly becoming a foundational layer of the Web3 ecosystem and the broader future of decentralized identity.

 

 

 

ꚰ CoinRank x Bitget – Sign up & Trade!

Looking for the latest scoop and cool insights from CoinRank? Hit up our Twitter and stay in the loop with all our fresh stories!

〈What is ENS? | The Decentralized Domain System on Ethereum〉這篇文章最早發佈於《CoinRank》。

Pro-Israeli group “Predatory Sparrow” destroyed $90-100 million in crypto assets on Iran’s largest exchange Nobitex through irreversible vanity addresses.

Attack targeted Iran’s sanction-evasion system, affecting 7 million users who rely on crypto to survive international financial restrictions and inflation.

This marks cryptocurrency’s weaponization in geopolitical conflicts, transforming digital assets from decentralized tools into instruments of state-level cyber warfare.

Israeli hackers destroy $100M in Iranian crypto assets through Nobitex exchange attack, marking new era of digital warfare where geopolitical conflicts transform cryptocurrency into weapons.

 

THE CORE EVENT: AN ATYPICAL “DIGITAL DESTRUCTION” OPERATION

 

On June 18, 2025, Iran’s largest cryptocurrency exchange Nobitex suffered an unprecedented attack. Unlike conventional hackers who steal assets, the pro-Israeli group “Predatory Sparrow” (Gonjeshke Darande) infiltrated the system and transferred $90-100 million worth of crypto assets. These assets included BTC, ETH, DOGE, and other major currencies.

 

Subsequently, attackers moved the funds into inaccessible “vanity addresses.” These addresses contained political slogans such as “F*ckIRGCterrorists.” Furthermore, generating the private keys would computationally require “billions of years.” As a result, the funds became permanently destroyed.

 

Nobitex immediately suspended all services and promised to compensate user losses using reserve funds. However, Iran’s domestic internet disruptions meant recovery would take 4-5 days. Consequently, this situation intensified public panic about the financial system.

 

ATTACK METHODS: INTERSECTION OF TECHNICAL VULNERABILITIES AND POLITICAL MOTIVES

 

Precisely Exploiting Access Control Vulnerabilities

 

Rather than directly robbing main wallets, hackers gained administrator access through phishing emails or internal infiltration. They then invaded Nobitex’s hot wallet system, which processes instant transactions online.

 

Next, attackers moved laterally through internal networks. They systematically transferred multi-chain assets and planted destruction addresses. Blockchain company Nominis observed that this deep penetration far exceeded typical hackers’ “vault robbery” methods.

 

Strategic Intent: Destruction Rather Than Profit

 

Political Declaration: Destroying funds aimed to send Iran a deterrent signal about “cutting sanction channels.”

 

Psychological Warfare Escalation: Hackers threatened to publish Nobitex source code and internal data within 24 hours. This move attempted to completely destroy the platform’s business reputation.

 

Geopolitical Connection: The action occurred five days after Israel’s airstrikes on Iranian nuclear facilities (June 13). This timing created “soft-hard coordination” with physical military operations.

 

WHY NOBITEX BECAME THE “BULLSEYE”

 

IRAN’S FINANCIAL LIFELINE

 

Sanction Evasion Core: Nobitex serves as a key tool for Iran’s government and Revolutionary Guard (IRGC) to bypass international sanctions. In 2024, together with Russia’s Garantex exchange, it processed 85% of cryptocurrency flowing to sanctioned entities.

 

National Essential Platform: Over 7 million Iranian users depend on the platform to combat inflation and financial blockades. The exchange even provides tutorials for “circumventing transfer restrictions.”

 

THE ATTACK’S CHAIN REACTION

 

Central Bank Emergency Response: Iran’s central bank restricted all domestic exchanges’ operating hours to daily 10:00-20:00. This measure aimed to reduce systemic risks.

 

Civilians as Hidden Victims: Many families view crypto assets as their “last insurance policy.” Therefore, platform shutdowns intensify survival pressures across the country.

 

NEW PARADIGMS IN CYBER WARFARE: FROM PARALYZING FACILITIES TO BURNING ASSETS

 

“Predatory Sparrow’s” State Background Suspicions

 

Although Israel hasn’t officially acknowledged connections, the organization’s characteristics strongly suggest state support:

 

Target Consistency: In 2021, they paralyzed Iran’s nationwide gas station system. In 2022, they burned steel plant facilities. All attacks consistently targeted strategic infrastructure.

Tactical Professionalization: Within two days, they consecutively attacked Iran’s state-owned Sepah Bank and Nobitex. This coordination simultaneously disrupted both traditional and digital finance.

 

Cryptocurrency Becomes the “Fifth Battlefield”

 

UN Secretary-General Guterres called for stopping “new forms of military escalation.” However, such attacks blur the boundaries of warfare responsibility. Security experts warn that cyber strikes targeting payment systems could potentially spread to third-party countries like Saudi Arabia and Turkey.

 

INDUSTRY REFLECTION: DUAL CRISIS OF SECURITY AND TRUST

 

Exchange Security Vulnerability Warnings

 

The Nobitex incident exposed industry-wide problems including loose access controls, missing internal monitoring, and delayed responses. For instance, the exchange failed to promptly isolate hot wallets when the attack began.

 

By 2025, exchange hacking losses have already exceeded $2.1 billion globally. However, politically motivated attacks of this scale remain unprecedented in the industry.

 

Crypto Ecosystem Under Geopolitical Coercion

 

Collapse of Decentralization Ideals: Sovereign conflicts are dragging cryptocurrency into “weaponization” scenarios. Compliant platforms now face increasing pressure to choose political sides.

 

Regulatory Lag Dilemma: Countries still lack effective judicial accountability mechanisms for on-chain attacks. As Elliptic analysts admitted: “Recovering these funds would require billions of years.”

 

CONCLUSION: THE ERA OF CODE AS BULLETS

 

When $90 million transformed into political declaration ashes on the blockchain, the Nobitex incident became more than just a security vulnerability case. Instead, it marked a crucial turning point in the digitization of geopolitical conflicts.

 

In modern wars where missiles interweave with code, cryptocurrency’s original “censorship-resistant” vision faces systematic destruction. Meanwhile, ordinary users become the most vulnerable pawns caught in this digital smoke.

 

How can the industry rebuild trust? Perhaps the answer lies not merely in advanced technology, but in whether humanity can maintain the fundamental boundaries of warfare.

〈Crypto Battlefield in Geopolitical Smoke: Israeli Hackers “Burn” Nearly $100 Million in Iranian Exchange Assets〉這篇文章最早發佈於《CoinRank》。

Sui achieves revolutionary 130,000 transactions per second through innovative object model and asynchronous consensus protocol implementations.

The blockchain’s unique architecture enables parallel processing while maintaining low latency and reducing gas fees significantly.

Ecosystem growth accelerates with $5.85 billion TVL across DeFi, NFT, and social applications leveraging high-performance capabilities.

Sui blockchain achieves 130,000 TPS breakthrough, reshaping Web3 ecosystem through object model innovation, asynchronous consensus, and horizontal scaling capabilities for next-generation applications.

How High-Performance Blockchains Reshape Web3 Ecosystem Landscape

 

Introduction

 

While Ethereum continues debating Layer 2 scaling solutions, emerging blockchain Sui quietly pushes the competitive landscape to unprecedented heights. In February 2025, Sui mainnet achieved breakthrough transaction speeds exceeding 130,000 transactions per second. This remarkable performance represents double Solana’s capacity and over 1,000 times Ethereum’s mainnet throughput.

 

This extraordinary achievement stems from three revolutionary technological collaborations working in harmony. These groundbreaking innovations fundamentally transform traditional blockchain architecture. Moreover, they establish new industry-leading performance standards for next-generation applications.

 

TECHNICAL BREAKTHROUGH: HOW SUI ACHIEVES “BLOCKCHAIN SUPERCAR” PERFORMANCE

 

Object Model: Beyond Accounts, Embracing “Asset Materialization”

 

Sui completely abandons traditional account-based models in favor of innovative alternatives. Instead, it abstracts on-chain data into programmable objects with unique characteristics. Each object contains distinct identifiers and maintains independent operational states. Furthermore, these objects represent tangible digital assets including NFT ownership and token balances.

 

This revolutionary design enables efficient parallel processing for non-conflicting transactions. Approximately 90% of single-writer transactions process without requiring global consensus mechanisms. These streamlined transactions include standard payments and NFT transfers. Additionally, they achieve confirmation through direct Byzantine broadcast protocols.

 

The object-oriented architectural approach eliminates numerous bottlenecks inherent in traditional blockchain systems. It significantly reduces computational overhead across network operations. Moreover, it enables more intuitive and efficient development experiences for blockchain programmers.

 

Asynchronous Consensus: Narwhal-Bullshark Dual Engine Power

 

The innovative Narwhal protocol efficiently handles high-concurrency transaction ordering and network propagation. It utilizes sophisticated DAG (Directed Acyclic Graph) structures for optimal data flow throughput. Meanwhile, the Bullshark protocol selectively initiates BFT consensus only for complex transactions requiring shared state management.

 

This intelligent division of computational labor compresses average transaction confirmation times to 390 milliseconds. This exceptional speed represents six times faster performance than Solana’s current capabilities. Furthermore, it maintains robust security guarantees while maximizing overall network throughput.

 

The dual-engine architecture optimizes resource allocation dynamically across different transaction types. Simple transactions efficiently bypass expensive consensus mechanisms entirely. Additionally, complex operations receive appropriate security guarantees without compromising network performance.

 

Horizontal Scaling: Dynamic Sharding for Unlimited Expansion

 

Sui validator nodes increased from 20 in early 2024 to over 200 currently. Network throughput scales linearly with node growth. Moreover, gas fees decrease during network congestion periods, reversing traditional blockchain congestion logic.

 

This scaling approach defies conventional blockchain limitations. Traditional networks suffer performance degradation as usage increases. However, Sui’s architecture improves efficiency under heavy loads.

 

The dynamic sharding mechanism adapts to network demands automatically. It prevents bottlenecks from forming. Furthermore, it ensures consistent user experiences regardless of network activity.

 

ECOSYSTEM RESONANCE: COMPETING FOR SUI’S “SPEED DIVIDEND”

 

DeFi: The Ultimate Battlefield for Low-Slippage Trading

 

Cetus Protocol serves as Sui ecosystem’s primary liquidity engine with remarkable efficiency. Its advanced AMM mechanism achieves unprecedented 0.01% extreme slippage trading capabilities. Cross-chain support enables seamless Sui and Aptos asset interoperability. Moreover, TVL has skyrocketed to $249 million, representing 42% of the total chain’s DeFi activity.

 

NAVI Protocol leads lending markets through innovative liquid staking token vSUI implementation. Users stake digital assets to participate in sophisticated leveraged mining opportunities. Additionally, optimized strategies generate annual yields reaching 35% for participating users.

 

These sophisticated DeFi protocols clearly demonstrate Sui’s practical advantages in financial applications. They provide significantly superior user experiences compared to traditional blockchain platforms. Furthermore, they consistently attract substantial capital inflows from institutional investors worldwide.

 

NFT and Social Applications: Unleashing Single-Writer Transaction Potential

 

Large-scale NFT minting revolutionizes digital asset creation costs across the industry. On-chain coupons and electronic boarding passes cost merely $0.001 per transaction. This affordable pricing completely resolves Ethereum’s notorious BAYC-style gas fee crises.

 

Social application revolution transforms communication platforms significantly through blockchain integration. ComingChat actively migrates to Sui’s advanced infrastructure capabilities. Message sending speeds improve 300% compared to traditional Web2 platforms.

 

These innovative applications showcase Sui’s distinct advantages in high-frequency, low-value transaction scenarios. They enable entirely new business models previously impossible on expensive blockchain networks. Moreover, they improve user adoption rates through affordable and accessible entry points.

 

Developer Ecosystem: Move Language’s “Modular Revolution”

 

Sui Move language supports high polymorphism capabilities effectively. Developers construct resource types like building with Lego blocks. Testing shows DeFi protocol code reduces 60% compared to Solidity implementations.

 

Debugging time decreases 80% through improved development tools. The language design prioritizes safety and efficiency. Additionally, it accelerates time-to-market for new applications.

 

BLOCKCHAIN WARS: THREE-DIMENSIONAL COMPETITION BEHIND PERFORMANCE RACES

 

Technical Route Competition

 

Sui achieves 130,000 TPS through innovative object models and asynchronous consensus protocols. However, ecosystem application density remains insufficient for widespread adoption currently.

 

Solana maintains 65,000 TPS through specialized Proof of History mechanisms. Network stability faces frequent operational challenges with six major outages occurring in 2024.

 

Ethereum barely reaches 20,000 TPS through complex Rollup scaling solutions. Cross-chain user experiences remain fragmented and technically complex for average users.

 

Each blockchain platform pursues fundamentally different technological approaches and philosophies. Trade-offs inevitably exist between performance, security, and decentralization characteristics. Furthermore, market adoption ultimately determines long-term success rather than technical specifications alone.

 

Capital Deployment: Heavy Investment in Infrastructure

 

Mysten Labs (Sui development team) secured $336 million from a16z and Binance. Company valuation exceeds $2 billion currently. Solana ecosystem fund reaches $150 million in committed capital.

 

Infrastructure protocol funding comprised 68% of 2024 blockchain investments. Application layer funding decreased to 22%. Moreover, investors prioritize foundational technology development.

 

User Experience Paradox

 

Sui introduces zkLogin for Google account blockchain access. However, gamers complain about wallet popup interruptions. They argue Web2 experiences remain superior overall.

 

This paradox highlights ongoing challenges in blockchain adoption. Technical capabilities exceed user experience implementations. Furthermore, mass adoption requires seamless integration with existing workflows.

 

CRITICAL REFLECTION: GLORY AND SHADOWS OF 130,000 TPS

 

“False Prosperity” Risks

 

Currently, over 60% of Sui transactions originate from testnet incentive tasks. Real user transactions represent less than 40% of network activity. Developers warn against DApps existing solely for data manipulation.

 

This artificial inflation raises questions about sustainable growth. Genuine utility must replace incentivized activity. Moreover, long-term success depends on organic user adoption.

 

Security and Decentralization Trade-offs

 

Sui operates with only 200+ full nodes compared to Ethereum’s one million. Light nodes depend on validator relays for security. Network security experts warn against potential Solana-style outages.

 

High-performance chains become attractive targets for hackers. Centralization risks increase with performance optimization. Furthermore, security considerations must balance efficiency gains.

 

Application Scenario “Imagination Ceiling”

 

Even achieving million TPS means nothing without killer applications. The industry needs Uniswap or OpenSea-level breakthrough applications. Performance alone cannot drive adoption.

 

The blockchain space requires “WeChat-level” applications rather than faster QQ alternatives. Revolutionary use cases must justify infrastructure investments. Moreover, utility must exceed existing solutions significantly.

 

Conclusion: Where Does Blockchain’s Endgame Lie After the Speed Revolution?

 

Sui’s remarkable 130,000 TPS milestone signals the beginning of blockchain competition’s second phase.

 

Short-term outlook: Solana spot ETF approval in July could potentially trigger significant new capital enthusiasm across the sector.

 

Medium-term perspective: Victory factors will shift from raw TPS metrics to “real user engagement time” measurements and practical utility.

 

Long-term vision: Blockchain technology must answer fundamental questions about creating meaningful new digital worlds beyond simply achieving Visa-level transaction speeds.

 

As one perceptive developer noted in Sui community forums: “In 1998, people debated whether 56K modems provided sufficient speed. Nobody predicted YouTube would eventually consume global bandwidth. Today, we may stand at a similar historical turning point.”

 

The future belongs to platforms that successfully combine technical excellence with meaningful real-world applications. Speed provides essential foundation, but genuine purpose drives sustainable adoption.

Furthermore, long-term success requires solving actual problems effectively rather than pursuing metrics alone.

〈Sui Surpasses 130,000 TPS: The Final Battle in Blockchain Performance Wars or a New Beginning?〉這篇文章最早發佈於《CoinRank》。