Cryptocurrency - Page 42 of 151

Cetus Vows Full Repayment After $223M Hack Shakes DeFi Community

Cetus Commits to Making It Right

Cetus Protocol just made a huge promise—everyone who lost funds in the $223 million hack on May 22 is getting repaid. After one of the biggest DeFi breaches in 2025, the team is stepping up with a mix of their own funds, a loan from the Sui Foundation, and a community vote to unlock frozen assets.

Right now, $162 million is frozen and off-network. They want to unlock it, but they need the Sui community’s vote. If it passes, that chunk, plus extra funds from Cetus and the Sui Foundation, will cover all losses. Even if the vote doesn’t pass, the team says they’ll still find a way to pay everyone back. Respect.

They’ve admitted the hack was caused by a flaw in their trading system—and they’re owning it. Sui’s chipping in $10 million to level up security, so this kind of mess doesn’t happen again. Cetus dropped the update on X and is rallying support for the vote. Validators and token holders on Sui are in the driver’s seat here.

This isn’t just about damage control—it’s about rebuilding trust. By owning the glitch, planning repayments, and working with Sui, Cetus is showing they’re serious about keeping DeFi solid. A full roadmap on repayments is dropping soon, and eyes are on what happens next.

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Half of $1.4B Stolen in Bybit Hack Vanishes Through Crypto Mixers

Three months after one of the largest crypto heists in history, nearly $644 million of the $1.4 billion stolen from Bybit has vanished from traceable blockchain records, according to new data.

Blockchain analysis shows that about 49.5% of the funds remain traceable, while only 4.5% ($63 million) has been frozen by exchanges and law enforcement. The majority of the stolen funds have been processed through sophisticated cryptocurrency mixing services designed to obscure transaction trails.

The largest portion — $247.5 million in Bitcoin (966 BTC) — was funneled through Wasabi Wallet, a privacy-focused tool. Another $94.1 million was laundered through eXch, a mixing service that falsely claimed to shut down in April, but continues to operate via private back-end APIs, according to TRM Labs. The bybit hacks however keep getting out of hand.

Other privacy tools used include:

Tornado Cash: $2.5M in ETH
Railgun: $1.7M in ETH

These services obscure transactions by pooling user funds, making it nearly impossible to trace where the crypto ends up.

The attack’s origin was equally concerning. A report by Safe Wallet revealed that the North Korean hacker group TraderTraitor gained access to Bybit funds by compromising a developer’s laptop. Disguised as a stock trading simulator, a malicious Docker project led to the installation of malware, which stole AWS session tokens and bypassed multi-factor authentication.

Despite initial containment efforts, the incident reveals critical vulnerabilities in Web3 security hygiene, and highlights the ongoing challenges of crypto asset recovery once funds enter opaque mixing systems.

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SharpLink Soars 420% as It Raises $425M to Adopt Ethereum Treasury Strategy

SharpLink Gaming Stock Explodes 420% After $425M Ethereum Treasury Push

SharpLink Gaming has ignited crypto and equity markets after revealing plans to raise $425 million via private placement to make Ethereum (ETH) its core treasury asset. The announcement also confirmed Ethereum co-founder Joseph Lubin will become the company’s Chairman of the Board.

The PIPE deal features 69.1 million shares priced at $6.15 each — a slight premium for management at $6.72 — and includes top-tier crypto venture participants such as Pantera Capital, ParaFi, Electric Capital, Galaxy Digital, and Arrington Capital. Ethereum development powerhouse Consensys, led by Lubin himself, is the lead investor.

The results were immediate: SharpLink stock exploded by over 420%, skyrocketing from $6.72 to $34.75 in pre-market trading on May 27.

CEO Rob Phythian called it a “milestone” in SharpLink’s evolution. The company, traditionally focused on U.S. sports betting and global iGaming, now sees itself as a hybrid vehicle — a gaming firm with crypto-native financial infrastructure.

“This is an exciting time for Ethereum,” said Lubin. “We’re eager to help SharpLink evolve its Ethereum Treasury Strategy and bridge crypto with traditional capital markets.”

This bold treasury play mirrors the MicroStrategy–Bitcoin model — but with ETH at the center. The offering, executed under private placement exemptions, includes resale rights, with A.G.P./Alliance Global Partners acting as sole placement agent.

SharpLink is now one of the first publicly traded companies to integrate Ethereum directly into its balance sheet, offering a potential blueprint for traditional investors to gain indirect ETH exposure.

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Crypto Chaos Unleashed: 5 Wild Stories That Shook the Market Today

Was Straight-Up Wild

If you blinked, you probably missed something. The crypto space was on fire today, from viral celebs dropping tokens to major companies denying billion-dollar rumors. Here’s a quick recap of what went down—and yeah, it was a lot.

Top Highlights in Crypto News Today

First up, Hasbulla—yes, that Hasbulla—officially became a crypto boss. His meme token $BULLA raised $12.5 million in presale in just 19 hours. The internet came through hard, throwing BNB, USD1, and more into the pot before the 24-hour window even closed.

Next, Trump Media and Technology Group made headlines for not doing something. Reports said the company was planning to raise $3 billion to go on a crypto shopping spree. But they clapped back fast—calling the claims dumb and totally fake.

On the tech side, Ethereum gas fees took a dip today thanks to reduced memecoin activity. Meanwhile, Bitcoin is still playing it chill around $109K, with traders watching for a breakout or breakdown.

And in the NFT space? Bored Ape Yacht Club teased a mysterious summer announcement. Again.

Crypto moves fast, and today was proof that meme culture, political drama, and blockchain tech can all crash into each other in the weirdest, wildest ways. Stay tuned—this ride’s not slowing down anytime soon.

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Hasbulla BULLA Token Smashes Presale: $12.5M Raised in 19 Hours

Meme King Hasbulla Goes Crypto

Hasbulla Magomedov just dropped a crypto bombshell. His new meme coin, $BULLA, is live—and the hype is real. In just 19 hours, the token’s presale raked in a massive $12.5 million. That’s not just viral energy—that’s straight-up Web3 domination. Hosted on BNB Chain, the presale let fans send in BNB or USD1 to a public wallet, with a 24-hour-only participation window.

Hasbulla BULLA Token Breaks the Internet

On-chain stats show the momentum was insane from the jump. Within the first 2 hours? $5 million. At the 6-hour mark? $7 million. And before the 24-hour mark even hit, the wallet hit $12.5 million. That included over 16,600 BNB ($11.35M), more than $1.27M in USD1, and smaller deposits of ETH, WBNB, USDT, and USDC.

He’s already a legend on the internet—his face is everywhere. Now he’s turning that viral status into serious crypto muscle. The campaign slogan says it all: “You can’t stop what’s coming.” With fans this locked in, it looks like Hasbulla just kicked off a meme coin movement with real bite.

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Cardano Poised for Breakout as Spot ADA ETF Approval Odds Hit 71%

Cardano (ADA) is consolidating within a tight range this week, hovering near $0.773 — but big moves could be ahead. Traders on Polymarket have boosted the odds of a spot ADA ETF approval by the U.S. SEC to 71%, the highest since April.

The Securities and Exchange Commission faces a key May 29 deadline to decide on the proposed Grayscale Cardano ETF. While history suggests the agency may delay the ruling, bullish bets have continued to rise, hinting at growing optimism within the crypto community.

Despite the hype, Cardano still lags behind its competitors in ecosystem development. It supports only 48 DeFi apps with $443 million in total value locked and a modest $31 million in stablecoins. For comparison, new player Unichain already boasts 27 apps, $568 million in assets, and over $14 billion in DEX volume.

Sonic’s relaunch has also added pressure, showing over 126 live apps and more than $1.63 billion in assets — a stark contrast to Cardano’s decade-long journey. Even Cardano’s latest initiative — integrating with BitcoinOS to enable Bitcoin staking — trails existing solutions like Babylon Protocol and Lombard Finance, which collectively hold over $7 billion.

Still, the technicals are on ADA’s side. A massive megaphone pattern has formed on the weekly chart, a structure known for predicting major price moves. The price also remains above its 100-week moving average, strengthening the bullish thesis.

If momentum builds, ADA could reclaim last year’s high of $1.307 — a 73% surge from current levels. A successful breakout might set the stage for a push toward the critical $2 mark.

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Trump Media Crypto Denial: 3 Bold Claims That Were Totally Fake

So here’s the tea—earlier today, the internet went wild with rumors that Trump Media and Technology Group (aka the force behind TruthSocial) was raising a wild $3 billion just to drop it on crypto. Like, seriously? That’s a whole lot of Bitcoin. The rumor, sparked by a report from the Financial Times, claimed the company was about to go full degen and ape into crypto markets with $2 billion in equity and another $1 billion in bonds.

The “Trump Media Crypto” Rumor Gets Dragged

But now, Donalds Media is out here saying “nah, that’s cap.” The company straight-up called the FT sources “dumb” and even dragged the writers, calling them unreliable. That’s not just a denial—that’s a straight-up diss track. The Financial Times tried to draw connections between this alleged plan and Trump’s growing interest in the crypto space—pointing to NFTs, memecoins, and even possible ETFs. They also claimed the company was planning mergers and acquisitions to dive into financial services.

Still, Trump Media wasn’t having any of it. The firm said the entire thing was made up and shut down the $3B narrative hard. In classic Trump style, they left no room for speculation. Bottom line? No crypto buying spree is happening—at least not from them.

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AIXBT Price Eyes $0.50 After 25% Rebound and Surge in Trading Volume

AIXBT Price Rebounds 25%, Targets $0.50 as Bullish Momentum Returns

AIXBT, the native token of Virtuals’ decentralized ecosystem, is showing signs of a strong comeback. After falling to an intraday low of $0.1630, the price rebounded sharply—rising nearly 25% to reach $0.2070 within 24 hours. The bounce was supported by a 120% surge in trading volume, now sitting at $97 million, signaling renewed buyer interest.

Technical Indicators Flash Recovery Signals

On the technical front, AIXBT is trading above the 20-day EMA, while maintaining a bullish EMA 20 and SMA 50 crossover that has held steady for over a month. The sustained structure suggests that dip-buyers are stepping in to defend key support levels.

The RSI is currently at 57, indicating strengthening momentum while staying below the overbought zone. More importantly, RSI has formed a consistent pattern of higher lows since late April—hinting at a gradually building bullish trend.

Although the MACD line is still under the signal line, the fading red histogram bars show waning bearish pressure, which may lead to a bullish crossover in the coming days.

Key Levels to Watch: Resistance and Support

The immediate resistance zone lies between $0.23 and $0.24, which previously acted as a rejection point multiple times between February and May.
A breakout above this level could open a path toward $0.32, $0.39, and eventually $0.54—major levels where the price was previously rejected during AIXBT’s downtrend from its all-time high.

On the downside, the most important local support remains around $0.15, which has served as a solid base since early May. If this level breaks, the next support sits near $0.10, a level that could trigger broader panic if breached.

Momentum Builds Amid Market Recovery

With strong trading volume, improving technical indicators, and a supportive market backdrop, AIXBT may be gearing up for a significant leg higher—provided it clears the overhead resistance. The $0.50+ target remains in play, especially if bullish momentum sustains across the broader altcoin market.

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Crypto Chronicles: May 26, 2025 – Market Movements, Meme Coin Mania, and Legal Dramas

What Went Down in the Crypto World Today

So here’s the deal — the crypto scene today, May 26, 2025, was lowkey wild. First off, Bitcoin bounced back, hitting around $109K, climbing after last week’s Trump tariff chaos. Ethereum wasn’t left out either, moving up to $2.5K-ish. Not bad considering the weekend drama.

But it wasn’t all just BTC and ETH. Meme coins like Shiba Inu straight-up bounced back with a 5% pump after a brief dip. The dog coin energy is clearly not dying out anytime soon. Even Wojak trended again after landing new listings.

Crypto Shiba Inu price as of May 26 2025

Then it gets dark. A U.S. crypto investor got charged for literally kidnapping a dude in California to steal his crypto. Like, what? That’s some Netflix crime doc energy right there. Makes everyone rethink sharing wallet info in group chats.

On the legal side, a new U.S. Senate bill called the GENIUS Act might make stablecoin issuers follow way stricter rules. That could majorly shake up Circle and Paxos.

Meanwhile, an Asian food giant, DDC Enterprise, pulled a MicroStrategy and bought 21 BTC for their treasury. That’s how you know big money still believes in crypto.

So yeah, today wasn’t boring. Whether you’re bag holding or rage refreshing charts, you felt the waves.

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Uniswap (UNI) Holds Key Support as Trading Volume and Fees Surge to 2024 Highs

Uniswap (UNI), the largest decentralized exchange, is showing resilience even as its price remains well below 2023 highs. On Monday, UNI traded at $6.50, hovering just above its year-to-date low of $4.92, and sitting on a long-term support zone.

Massive Volume and Revenue Growth

According to DeFi Llama, Uniswap’s trading volume surged to over $73 billion in May, up from $53.2 billion in April—marking the largest monthly increase since February, when the protocol moved $78 billion in volume.

The Ethereum mainnet accounted for the majority of this activity, followed by Arbitrum, Unichain, and Base. Notably, Unichain, launched by Uniswap earlier this year, already surpassed $14 billion in volume—eclipsing Cardano’s $4.9 billion.

Meanwhile, TokenTerminal data shows Uniswap has generated over $380 million in fee revenue in 2024 so far, outpacing even Ethereum, which recorded $275 million.

Uniswap (UNI) Price Lags Behind Metrics

Despite strong fundamentals, UNI’s price is still 65% below its December high, partly due to increased competition from decentralized exchanges like PancakeSwap, which alone handled nearly $100 billion in trading volume this month.

Another bearish signal is whale activity. Data from Santiment shows UNI held by whales dropped from 850 million tokens in December to 748 million, suggesting large-scale sell-offs and distribution pressure.

Technical Analysis: Megaphone Pattern In Play

From a technical perspective, UNI’s weekly chart shows it’s following a bullish megaphone pattern, with diverging trendlines pointing to high volatility and a potential breakout.

The price is currently bouncing off an ascending trendline connecting major lows since June 2022. If UNI breaks above the upper boundary of the megaphone, a rally toward $19.24 (last November’s high) could be in play—representing a 200% gain from current levels.

However, a breakdown below the lower trendline would invalidate the bullish setup and could open doors to new lows.

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