Cetus Protocol, a major decentralized exchange (DEX) and liquidity provider on the Sui blockchain, has reportedly been rocked by a colossal hack on May 22, 2025! 😱 Cybercriminals are suspected to have drained over $200 million, with some reports claiming losses up to $260 million! 💸💸
The attackers allegedly exploited vulnerabilities by manipulating price curves and liquidity pools using spoof tokens. 📉 This devastating blow caused several Sui-based tokens to plummet dramatically and forced Cetus to pause its smart contracts. 🥶
What are they? Cetus Protocol (CETUS): 🐳 A key platform for trading and providing liquidity on Sui and Aptos, known for its concentrated liquidity model. Sui (SUI): 💧 A relatively new Layer 1 blockchain designed for high speed, scalability, and low transaction fees, utilizing the Move programming language.
Authorities and the Cetus team are actively investigating this major security breach. 🕵️♂️ Users are urged to exercise extreme caution and stay updated on official announcements. Your funds could be at risk! 🆘💰
Get ready, folks! Stripe is shaking up the payment section 🌍 Let's break down what this exciting move means for you and the future of digital moolah!
🌟 The "Why" Behind the Wow! 🤩💡 Stripe isn't just jumping on a bandwagon; they're driving it! 🚚💨 They've embraced stablecoins (hello, USDC! 👋) to: + 💨 Offer lightning-fast transactions! + 💸 Slash those pesky cross-border fees! (Adios, expensive transfers! 👋) + 📉 Dodge the wild rides of crypto volatility! (Smooth sailing ahead! 🌊) + 🔑 Unlock the booming ""crypto market"" for businesses everywhere! 🚪
🛠️ **Tech Magic & Where You Can Get It!** 💻🌐✨
So how does this sorcery work? 🧙♂️ + Stripe now grooves with ""USDC"" on cool blockchains like ""Polygon"" 🟣 and ""Ethereum"" 🔷. Businesses **globally** 🌏 can open their arms (and digital wallets 💼) to *receive* these USDC payments. BUT, for now, cashing out those shiny USDC coins (the payouts) is a VIP party exclusive to the ""United States"" 🇺🇸. (Fingers crossed for wider rollout soon!🤞) + The best part? Integrating this is smoother than a fresh jar of peanut butter! 🥜👍
🗣️ What's the Buzz? Experts & Everyone Else Are Talking! 🐝💬🥳
The crowd is going W-I-L-D! 🎊 + From tech gurus 🧑🏫 to everyday users, the vibe is overwhelmingly ""positive"" ! 👍🎉 + Experts believe this could be a ""GAME-CHANGER"" 🎲 for making stablecoins mainstream. + Think: easier entry for businesses into crypto, a big nudge to old-school payment methods, and a super boost for ""Web3 wonders""! 🔮 + "Easy to use!" "Lower fees!" – that's the chant on the digital streets! 🗣️💰
Stay tuned as this exciting chapter in digital payments unfolds! 📖💫
A) Layer 2 scaling solutions ⚡️ B) On-chain gaming 🎮 C) Decentralized finance (DeFi) 2.0 📈 D) NFT evolution 🎨 E) Stable coin which of the above makes you pump dopamine 🏋️
1️⃣ Use Blockchain Explorers: Websites like Etherscan 📊 and which provide detailed on-chain data.
2️⃣ Analyze Transaction Data: Tools like CryptoQuant 📊 and Glassnode 📈 offer insights into transaction volume, velocity, and more.
3️⃣ Monitor Wallet Activity: Track wallet balances, transactions, and movements using tools like Whale Alert 🐳.
4️⃣ Leverage On-Chain Metrics: Use metrics like Network Value-to-Transaction (NVT) ratio 📊 and Market Value Realized Value (MVRV) ratio 📈. Stay tuned for more on-chain insights! 📊👀
A brave (or reckless? 😅) whale who previously took a $5.02 million loss (-36%) on VIRTUAL earlier this month is BACK IN THE GAME! 🤑
📈 what did he do: The whale transferred 4,006 ETH ($10.9 million) to a new address 📊. Then, they spent 419 ETH (~$1.14 million) to buy 1.049 million VIRTUAL tokens at $1.09 each 📈.
📊 The purchase account: Previous purchase: 5.038 million VIRTUAL tokens for $13.91 million at $2.76 per token 📊 Previous sale: Sold at $1.76, taking a $5.02 million loss (-36%) 📉
🤔 what's the reason: Is this whale telling us VIRTUAL's future 🚀 or doubling down on a risky bet? 🤯 What do you think? 🤔
🚀 The upcoming Cancun/Deneb upgrade 📈 wants to reduce fees for rollup operators.
🤝 Alternative DA Solutions: Celestia offers lower fees, increasing competition.
🔓 Allowing users to manage multiple accounts with a single wallet 📈 Enabling users to interact with smart contracts without requiring Ether gas 💸 the above mentioned Enhancing user experience and programmability.
👥 Rollup Operators: Companies like Coinbase build on Ethereum have begun or will start adding the changes.
BNB Chain launched a meme some new tech for memes 🎉, offering up to $1 million in rewards 💸in hopes of getting developers to build meme coins onto BNB Smart Chain (BSC) 📈.
💸 when more government/FED keeps BTC this makes the price to go less up and ⬇️
📈 probably More Companies / Banks will likely start using Bitcoin and holding.
🚀 FED's holding could show some good news for more buys and more step ins and buys.
What to check ✅( PCE (people 👬 spending) )
Fed's goal 2% inflation but the PCE went up 2.8% check out the people spending amounts. These factors will influence inflation and the Fed's decisions.
On January 29, 2025, MicroStrategy bought approximately 447,470 BTC, which is around $27.97 billion, The average price of $62,503 per Bitcoin.
📊 current buys: 1,070 BTC for $101 Million On January 6, 2025, MicroStrategy announced the bought 1,070 BTC for $101 million, at an average price of $94,004 per Bitcoin.
🚀 they are planing to have a fundraiser for $2 Billion for BTC more buys
📊 Total BTC Holdings: 279,420 BTC (as of November 10, 2024) As of November 10, 2024, MicroStrategy held approximately 279,420 BTC.
the DeepSeek's AI models outperform open ai and most of the paid model out there.
they outperform them over a lesser infrastructure cost💰.
they are able to learn instead of training the ai model🙇📖.
the response time is also lesser.
it also has a better reasoning compared to the available one's.⏭️
the problem is most of every one is building 🏗️ or built 🏫on the current available open source or api based models. which will have to be upgraded or replaced by deepseek models.
While it may generate additional revenue for the government, it's essential to consider the potential impact on nonprofit organizations and their beneficiaries 🤝.
📊 Current State: 🤯 The US has a massive $3.3 trillion tax-exempt economy, comprising 15% of GDP and spanning over 1.8 million organizations.
🚫 Reform Needed: 📝 Lawmakers are calling for a principled, rules-based approach to narrow the scope of qualified tax-exempt entities.
💸 Potential Revenue: 💸 Taxing the business-like income of nonprofits could raise nearly $40 billion annually.
📊 Key Sectors Affected: 🏥 Hospitals, universities, credit unions, and insurance companies are among the organizations that could be impacted by the reform.
👍 Pros: Increased revenue for the government 💸 Reduced tax burden on other sectors 📉 Encourages transparency and accountability in tax-exempt organizations 📊
👎 Cons: Potential negative impact on nonprofit organizations and their beneficiaries 🤕 Increased complexity in tax laws and regulations 📝
There has been a market pull back right around the us tax exemption plan #BigTechStablecoin
📊 SEC Review: The US Securities and Exchange Commission (SEC) is reviewing proposals for a Solanas ETF, with VanEck, 21Shares, and Canary Capital submitting applications 🤝.
🚫 Potential Approval: With the SEC engaging with issuers, there's a possibility of approval in 2025 📆.
🚀 Solanas Surge: SOLs price has rallied over 7% following the news, with a potential 70% rally to $459 if it breaks above the all-time high resistance of $259.9 📈.
📝 Grayscale's Proposal: Today marks the deadline for the SEC to respond to Grayscale's proposal to convert its Solanas Trust into a spot Sols ETF 📝.
🤝 Trumps Impact: The recent US presidential election has sparked hopes of pro-crypto policies, potentially paving the way for a Solanas ETF approval 🚀.
The Consumer Confidence Index (CCI) is a crucial indicator of consumer confidence in the economy. Currently, the index is showing mixed signals globally.
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NFP reports can cause significant volatility in crypto markets. Strong NFP reports tend to lead to declines in crypto prices. Weak NFP reports can lead to surges in crypto prices.
Understanding NFP: Non-Farm Payrolls (NFP) is a key economic indicator that represents the number of jobs added or lost in the US economy, excluding farm-related jobs. It's released monthly by the Bureau of Labor Statistics. 📈
🚨 Recent Impact: In the past days, the crypto market has seen significant volatility due to the NFP report. Bitcoin (BTC) and Ethereum (ETH) prices dropped by 2-3% following the release of the report, which showed a stronger-than-expected jobs growth. 📊
📈 Historical Context: Historically, a strong NFP report has led to a decline in crypto prices, as investors flock to traditional assets like stocks and bonds. However, a weak report can lead to a surge in crypto prices, as investors seek safe-haven assets. 📊
Binance Mega Drop is a platform that offers users early access to new token projects before they're listed on the Binance exchange. Recently, Solv Protocol (SOLV) was introduced, but unfortunately.
📈 Solv Protocol (SOLV) Overview Solv Protocol is a native yield platform that tokenizes and aggregates yields from diverse sources. It serves as a unified liquidity gateway, reducing barriers and costs for users seeking premier investment opportunities.
📊 Binance Mega Drop Mechanics To participate in Binance Mega Drop, users need to lock their BNB in fixed-term products available on Binance Simple Earn. The points earned are based on the quantity of BNB locked and the length of the subscription period. Longer lock periods and larger amounts of BNB result in higher scores, which translate into higher reward allocations.
🔮 Future Roadmap Solv Protocol plans to continue expanding its ecosystem, potentially integrating with more blockchains and partnering with additional projects.
The Bitcoin network has achieved a record-breaking hash rate of over 1,000 EH/s, doubling in just 12 months! 🤯 This surge in computational power enhances network security, making it more resistant to attacks.
📈 Recent Activity (Past 3 Days) Bitcoin's hash rate has surged by 4.70% in the past 24 hours, reaching 851.34M TH/s. The network has seen increased mining activity, with more miners competing to solve blocks.
🔒 Implications for Network Security A higher hash rate means increased security for the Bitcoin network, making it harder for malicious actors to launch a 51% attack .
📊 Future Events Halving Event: The fourth Bitcoin halving was completed on April 2024, which lead to increased miner activity and a potential price surge. Increased Adoption: Rising hash rates reflect growing participation from miners, suggesting increased faith in Bitcoin's long-term profitability and price stability.
🚀 Price Prediction With the hash rate surge, some experts predict Bitcoin could target $110,000 and potentially $120,000 in the coming months.
💡 Conclusion The Bitcoin hash rate surge is a bullish signal