Ethereum News by Thebittimes.Com

Yesterday’s attack on Sui’s largest on-chain exchange, Cetus, threatened to cause $200 million or even $1 billion worth of digital asset losses. An initial statement from Sui estimated the stolen dollar value at $223 million, although the value was in flux by the hour as prices moved and crime fighters froze contracts. Other researchers estimated $260 million was stolen from liquidity pools, which saw prices of several assets crash by over 99% during the attack. At its worst, the price of SUI dropped 8% within three hours of the attack, shedding over $1 billion in market cap . Sui-based tokens and stablecoins plummeted even further. Some liquidity pools lost over 99% of their assets amid the spoofing attack that manipulated Cetus’ data feed operators, known as “oracles,” that attest to prices and timestamps. Breaking Cetus on SUI just got hacked ! Prices down 99% pic.twitter.com/iNFlkeXNS5 — Sahib (@seeksahib) May 22, 2025 A centralized res...

Craig Wright’s Seychelles-registered companies Tulip Trading, Wright International Investments, and Equator Consultants were all struck off the government’s company register last week.  That’s according to a filing from the Seychelles’ “Official Gazette” that discloses governmental and company notices.  The companies were dropped on May 26 following a notice issued on March 17 that indicated they may have failed to register an agent. A company may also be struck off if anyone other than the registered agent files a document with the “registrar,” or if the agent doesn’t have an international corporate services license. These breaches can incur a penalty of $100, and an extra $25 for every day they don’t have a registered agent.  Right now, you can operate crypto-linked cards connected directly to known wallets, routed through layered corporate structures, and spend in fiat without ever triggering a spotlight. This isn’t theoret...

Over the last several years, the tech sector has been the darling of Wall Street. Although tariffs and geopolitical tensions have been a prevalent reality of investment in 2025, that hasn’t overtaken that fact. Subsequently, it has propelled Nvidia (NVDA) stock to a 40% jump this month, leaving many to ponder what could be next for the stock. The AI technology stalwart had been one of the biggest winners of 2024. Surging more than 174% over that year, it hasn’t quite lived up to those lofty expectations when the calendar turned. However, that is not denying that the stock should be set to be one of the biggest performers of Q2 and beyond. Source: Reuters / Brendan McDermid Also Read: Nvidia (NVDA): Can It Reclaim Its Spot as World’s Most Valuable in 2025? Nvidia Gets Back on Track, But What Comes After Its 40% Monthly Gains? After the S&P 500 broke a six-day gaining streak, the US stock market looks to be dropping yet again. Indeed, the Dow Jones Industrial Index fell 3...

As President Donald Trump prepares to host a high-profile gala dinner on Thursday, May 22, 2025, for top holders of the Official Trump (TRUMP) token, the Solana-based meme coin is experiencing a surge in market momentum, and so far, the returns have been hard to ignore. Official Trump, launched on the eve of Trump’s second-term inauguration, is currently trading at $14.34 as of May 21 and has rallied approximately 56.7% since the gala dinner was first announced on April 23, when the token was priced at $9.15.  According to Finbold research, a $1,000 investment at the time of the announcement would now be worth about $1,567, reflecting a $567 gain in just under a month, a notable performance even by crypto standards. Official Trump 1-day price chart. Source: Finbold Official Trump crypto rally This rally isn’t happening in isolation. The token’s market capitalization has surged from $1.66 billion a month ago to $2.85 billion today, with much of that ga...

A multi-year war between XRP promoters and Bitcoin maximalists has boiled over into another public fight between Ripple CEO Brad Garlinghouse and Senator Cynthia Lummis, chair of the Senate’s Digital Assets Subcommittee. Yesterday, Garlinghouse admitted that Lummis canceled and refused to reschedule their meeting in Washington, DC. Garlinghouse was on Capitol Hill to advocate for XRP-friendly stablecoins and market structure bills. Lummis, on the other hand, prefers bitcoin (BTC) and other stablecoins that compete with Ripple’s RLUSD. The incident wasn’t merely a logistical hiccup. Underlying ideological and financial tensions have famously divided the Ripple and Bitcoin communities for years. Garlinghouse decided to take Lummis’ cancellation public, earning over 1.6 million impressions for his claim of disappointment. Lummis, for her part, hasn’t even bothered to respond publicly. One pro-XRP lawyer commented on the cancellation, “Some of her comments ...

The meme coin market has always been buzzing with meme coins. While the OG meme cryptocurrency Dogecoin (DOGE) started the trend, several dog-themed meme coins began making their debut. Even though most have failed miserably, assets like Shiba Inu (SHIB) have remained relevant. Amidst this, the entry of a frog-themed meme coin was a game-changer. Pepe Coin (PEPE) made a rather loud entrance into the market. But has the asset carried this sentiment on, and will it continue standing out in this canine-filled market? Also Read: Circle In Talks to Sell as Coinbase & Ripple Emerge as Top Buyers A Look At PEPE’s 4.44% Drop Over The Past 24 Hours Source: Watcher Guru April and March have been extremely bullish for Pepe Coin. The asset went from trading at a low of $0.00000728 to a high of $0.00001536. During this period, the meme coin recorded a notable spike of 82%. This hot streak was disrupted by the recent correction. In the past 24 hours, PEPE has dipped by over 4%. At the time of w...

MetaPlanet buys $104M in BTC as Bitcoin reaches an unprecedented weekly high close of nearly $106,500. This strategic purchase comes amid ongoing Bitcoin price surge and heightened Bitcoin market volatility, pushing the cryptocurrency investment security conversation right now to the forefront of market discussions. At the time of writing, many analysts are also paying close attention to this significant development in the crypto space. JUST IN: Metaplanet buys another 1004 Bitcoin worth $104 million. They now hold 7,800 $BTC worth $812 million. pic.twitter.com/3Tn6SCFfyF — Watcher.Guru (@WatcherGuru) May 19, 2025 Also Read: Ripple’s XRP ETF Goes Live: Can Price Hit $2.50 Before June? Navigating Bitcoin Price Surge, Market Volatility, Security, and Investment Risks Source: Watcher Guru MetaPlanet Expands Bitcoin Holdings Now, MetaPlanet owns about 7,800 BTC, valued at $812 million, after purchasing $104 million worth of Bitcoin. Even more, Bitcoin’s highest weekly close was reached an...