Key Points:Cetus Protocol exploit prompts immediate recovery action, affecting over $223 million.Rapid response freezes $162 million to prevent wider losses.Negotiations underway; $6 million bounty for hacker cooperation.
On May 22, 2025,…
Key Takeaways:Cetus Protocol, Sui’s largest DEX and LP, confirmed a major exploit that drained its liquidity pools.Hackers manipulated spoof tokens to exploit reserve calculations and price curves.CETUS token value plunged…
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. This is Margaux Nijkerk and Sam Kessler, CoinDesk’s Tech team.In this issue:Hacking Attempt on…
DeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to a report created by Sky contributors from Steakhouse…
Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, a stablecoin issuer that says it will begin winding down its main stablecoin, Mountain USD…
Anchorage Digital, a federally chartered crypto bank and custodian, said on Monday it has signed a definitive agreement to acquire stablecoin issuer Mountain Protocol as part of its strategy to…
Coinbase has introduced a new payments protocol for online payments that enables stablecoin transfers over standard internet protocols and AI agents to transact autonomously. On May 6, Coinbase announced that it…
Key Points:Launch of Haedal’s weekly token buyback plan for veHAEDAL rewards.Enhances investor confidence and community engagement.Market sees potential long-term growth in HAEDAL value.
Haedal Protocol announced on May 6, 2025, a…
Key Points:ZORA Protocol achieves $4.46 million in 24-hour revenue, signaling market interest.Generated $14.3 million revenue in past week.Tether and Circle rank first and second in revenue.
ZORA Protocol generated $4.46 million…
Lorenzo Protocol (BANK) price has defied the broader market’s recent uncertain trend by rallying roughly 150% this Saturday. The institutional-grade asset management platform has stolen the spotlight primarily as a…