Synthetix has called off its proposed $27 million acquisition of crypto options platform Derive. This decision was made after the initiative received strong criticism from both communities involved. Public Backlash The proposed acquisition, first announced in a May 14 blog post, involved a token exchange at a rate of 1 SNX to 27 DRV. The
Sonic Labs has picked crypto capital markets firm GSR as the official market maker partner for Sonic blockchain’s native token. GSR will help Sonic (S) token gain market traction by delivering deep liquidity and strategic guidance, the Sonic Labs team said in an announcement. As well as becoming the official market maker partner, GSR, a
Share this article NEW YORK – May 22, 2025 – Turnkey, the secure, flexible, and scalable wallet infrastructure provider for digital asset operations, today announced full compatibility between its policy engine and the TRON blockchain. This integration equips fintech and payment providers with the tools needed to confidently build on TRON, the leading blockchain for
Crypto czar David Sacks recently highlighted the potential benefits of the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), asserting that clear regulatory guidelines for stablecoins could potentially trigger a surge in demand for US treasuries. In an interview with CNBC on 21 May 2025, Sacks stated that although unregulated, there are
Cetus, a decentralized exchange (DEX) on the Sui blockchain, has reportedly suffered a devastating exploit. According to on-chain investigator Lookonchain’s update, over $260 million was stolen from Cetus. The attacker swapped the stolen assets into USDC and bridged roughly $60 million to Ethereum, where it was exchanged for ETH. Lookonchain further reported that the exploiter
Bitcoin’s complicated decimals might soon be history if a new plan to redefine the base unit as the real “Bitcoin” gets adopted. Bitcoin (BTC) has always had a little quirk that confuses even longtime users: the way it’s measured. Officially, one Bitcoin equals 100 million “base units” — also called “satoshis” or “sats” — but
Key Takeaways Cetus Protocol on Sui blockchain was targeted by a cyberattack, draining multiple liquidity pools. Several liquidity pool tokens on Cetus plunged by up to 80% following the incident. Share this article Cetus Protocol, a key decentralized exchange and liquidity provider on the Sui network, suffered severe disruption in the early hours of Thursday
Sam Altman- backed Worldcoin is making headlines again as its native token WLD surged 10% in the past day following a major $135 million fundraising round lef by venture capital giants Anreesen Horowitz (a16z) and Bain Capital Crypto. According to the company, “this funding opportunity is in service to the long-term mission of World and
Bitcoin (BTC) surged past $111,000 for the first time on Thursday, marking a historic all-time high. The rally is being driven by strong capital inflows, particularly from institutional investors. Despite concerns of a pullback, new data suggest that the Bitcoin market is still in a healthy upward phase. Market Calm as Bitcoin Soars According to
Trump-backed crypto project World Liberty Financial purchased 636,961 BUILDon tokens in support of the project. After the purchase, the token shot up by nearly 530%. According to data from CoinMarketCap, the B token has jumped by more than 533% in the past 24 hours. It is currently trading hands at $0.21. Not only that, the