Kategorie: Crypto Markets

• The Sui community has approved returning $162M in frozen assets to Cetus victims.
• The funds will be held in a multisig wallet for user repayment.
• Sui also launched a $10M security push after the $223M exploit.

In a significant move for user restitution and ecosystem resilience, the Sui community has officially approved a vote to return over $160 million in frozen assets following the massive exploit of the Cetus decentralised exchange.

The decision, reached through an on-chain governance vote, marks a decisive moment in the network’s response to one of its most critical security events to date.

Sui Network validators froze $162M in assets stolen in the Cetus hack

On May 22, Cetus Protocol suffered a devastating exploit that drained over $223 million from its liquidity pools after attackers exploited a vulnerability in third-party code.

Following the breach, validators on the Sui network acted swiftly to freeze approximately $162 million in stolen assets, preventing further damage.

This rapid intervention by validators set the stage for an organised recovery process, which culminated in the community vote that concluded on May 29.

With 90.9% of validator stake voting in favour of the proposal, 1.5% abstaining, and 7.2% not participating, the governance vote was overwhelmingly approved.

Update – Validators representing 90.9% of stake have said “Yes” in the onchain community vote, and the vote has concluded early.

With this result, the impacted funds will be moved to a multi-sig wallet and held in trust until they can be returned to users according to the plan… https://t.co/qG8aPAhD8e pic.twitter.com/WjiSbLWt8n

— Sui (@SuiNetwork) May 29, 2025

The recovered funds will now be transferred into a multisignature wallet held in trust, enabling a transparent mechanism for returning assets to affected users.

Cetus, which requested community support shortly after the exploit, has committed to combining the recovered funds with its own treasury and an emergency loan from the Sui Foundation.

This comprehensive recovery package is designed to ensure that all impacted users receive full compensation, thereby restoring trust in the protocol and the broader ecosystem.

Sui and Cetus are vigorously addressing the May 22 exploit

Although the vulnerability that led to the exploit was located in Cetus’ own code, the Sui community has treated the incident as a pivotal learning opportunity.

In response to the breach, the Sui Foundation announced a $10 million initiative aimed at enhancing protocol security through improved auditing practices and formal verification tools.

Moreover, the network is expanding its bug bounty program to include major protocols with high total value locked, reinforcing its long-term commitment to ecosystem security.

Cetus has also issued a detailed roadmap outlining its recovery and restart plans, which are expected to unfold over the course of the coming week.

The protocol confirmed that the first step involves the implementation of an upgrade by validators to move the funds into the multisig wallet.

Subsequently, Cetus will activate its emergency recovery pool and complete a full restoration of its data infrastructure.

In a post shared on May 29, Cetus stated that a dedicated compensation contract is in development and will undergo auditor review before being deployed.

Within just 48 hours, the Sui community united to pass a critical on-chain vote — marking a pivotal moment for the entire ecosystem. Cetus extends our deepest gratitude to the >90% of validators and stakers who voted in favor. Regardless of your stance, your participation… https://t.co/UN2DrlDRTw

— Cetus🐳 (@CetusProtocol) May 29, 2025

Once the protocol resumes full operation, liquidity providers in the affected pools will regain access to their assets, while any residual losses will be addressed through the compensation contract.

While the community’s fast action has earned praise from many in the crypto industry, some decentralisation advocates have raised concerns over the ability of validators to freeze on-chain funds.

Nevertheless, the decisive governance process and transparent communication have strengthened community confidence and underscored Sui’s readiness to confront large-scale security challenges.

Notably, as earlier reported here, Sui has hit the highest-ever monthly DEX volume despite a price dip following the Cetus exploit.

With the vote finalised and recovery efforts already underway, both Cetus and the Sui ecosystem are poised for a resilient return.

The post Sui passes vote to repay Cetus exploit victims appeared first on CoinJournal.

The countdown has begun! Bitcoin Pepe, the latest meme coin sensation, is wrapping up its presale tomorrow (May 31^st) – and if you’re not in it yet, chances are that you’re about to miss out on the next 100x opportunity.

Bitcoin Pepe could emerge as the next big thing in the crypto world following its CEX listings as it’s more than just a run-of-the-mill meme coin.

Instead, Bitcoin Pepe has already garnered massive community support on the back of innovation, scarcity, and relentless momentum.

Its price increased significantly even during presale phase, leading to meaningful on-paper gains for early investors. Raising nearly $12.5 million in total, Bitcoin Pepe emerged as one of the best presales to invest in 2025.

Why are CEX listings significant for meme coins?

CEX listings are often game-changing for meme coins because they bring legitimacy, liquidity, and accessibility to a digital token.

A crypto asset becomes easier to buy, sell, and trade once it goes live on a major crypto exchanges. Essentially, a listing attracts a wider audience to a cryptocurrency. This influx of new investors boosts demand, potentially driving up the price.

Additionally, centralised exchanges offer security and trust, which, for meme coins like Bitcoin Pepe, mean credibility that decentralised exchanges (DEXs) sometimes lack.

More importantly, listing on a high-profile exchange increases visibility, bringing in retail traders and institutional investors who may have overlooked it before.

Finally, CEXs offer fiat on-ramps, allowing users to purchase the likes of Bitcoin Pepe directly with traditional currency, making it far more accessible to mainstream audiences.

Simply put, a CEX listing can supercharge Bitcoin Pepe’s growth, turning hype into real market momentum over the next few weeks.

https://x.com/BitcoinPepe_/status/1928388521154293924

Why is Bitcoin Pepe an exciting investment in 2025?

Bitcoin Pepe stands out as the meme coin to buy right now as it’s built on a robust blockchain that offers secure and transparent transactions, reducing the risks often associated with other meme coins.

Plus, the world’s only Bitcoin meme ICO enables transactions at minimal cost, making it more affordable for both small and large-scale traders.

More importantly, the lower cost does not come at the expense of efficiency either. Bitcoin Pepe allows lightning-fast transaction speed, which ensures seamless transfers. A community-driven approach keeps Bitcoin Pepe engaging, ensuring steady growth and long-term adoption.

Unlike some meme coins that rely purely on hype, Bitcoin Pepe integrates real utility, enhancing usability in gaming, NFTs, and decentralised finance (DeFi). Top it off with the expected CEX listings and you have yourself a near-perfect meme coin to buy in 2025.

Click here if you’d like to learn more about Bitcoin Pepe and become an early investor before it ends its presale on Saturday.

The post One day left to invest in Bitcoin Pepe before it hits centralised exchanges appeared first on CoinJournal.

• Binance applied a “seed tag” and launched futures trading with up to 75x leverage.
• On-chain TVL reached $20.28 million with DEX volume peaking at $47.44 million.
• A further 20% supply unlock is scheduled to begin in three months.

Sophon’s utility token, SOPH, fell by 24.97% within 24 hours of its market debut on Binance and several other exchanges, shedding over $80 million from its market capitalisation.

The steep decline followed a large-scale airdrop event in which 900 million tokens—9% of SOPH’s total 10 billion supply—were unlocked and distributed to early contributors, farmers, zkSync users, and NFT holders.

While airdrops are a common strategy to drive initial interest, they often lead to aggressive profit-taking, especially when token utility is still limited.

Binance began SOPH trading at 13:00 UTC on 28 May, shortly after announcing its listing via an X post on 23 May.

Other exchanges, including OKX, KuCoin, Upbit, Bitget, and MEXC, also launched trading support on the same day.

SOPH initially peaked at $0.11 before tumbling to $0.06 within the same day, recording a 24.97% drop.

Market volatility is fuelled by limited utility and high leverage

SOPH’s early volatility is not just a result of the unlocked supply. Binance assigned a “seed tag” to SOPH, categorising it among high-risk tokens prone to volatility.

These tags often caution investors about potential price fluctuations, particularly in new projects.

In addition, Binance Futures listed SOPH with leverage of up to 75x, creating an environment that incentivised speculative trading and amplified price swings.

The trading volume surged by 2,724.8% in the last 24 hours, according to CoinGecko, as early recipients of the airdrop rushed to sell their allocations.

This created a large supply overhang that the current market demand failed to absorb, exacerbating the price decline.

Sophon is built as a Layer 2 blockchain using Validium technology and is part of ZKsync’s Elastic Chain roadmap. It aims to serve as a decentralised infrastructure for entertainment applications.

However, for now, SOPH’s practical utility remains narrow, primarily limited to covering gas fees and contributing to the network’s sequencer decentralisation process.

The lack of immediate use cases appears to have contributed to the weak market support during the sell-off.

Investor interest remains high despite short-term dip

Despite the price drop, on-chain metrics point to rising user engagement.

According to DefiLlama, Sophon’s total value locked (TVL) climbed to $20.28 million on launch day, up 14.1% from the previous day.

Decentralised exchange (DEX) volumes reached $47.44 million, indicating robust participation in token swapping activities.

While speculative activity dominated the launch, the on-chain data shows that interest in the protocol remains strong.

The project has raised over $70 million from investors, including Binance Labs, and has positioned itself as a key Layer 2 player within the zkSync ecosystem.

Looking ahead, the next supply unlock looms large. Another 20% of SOPH’s total supply, designated as node rewards, will begin unlocking on a weekly basis starting three months from the Token Generation Event.

If current market sentiment does not improve or if new utility use cases are not rolled out in time, this influx could trigger further downside pressure.

Roadmap promises more utility, but outlook remains cautious

Sophon has indicated that it intends to broaden SOPH’s use cases in the coming months.

While no specific dates have been given, the team plans to expand the network’s entertainment applications and decentralised tools.

In a recent post, the project team stated that additional products and services would be launched as part of its long-term roadmap.

For now, though, the token’s performance is being closely watched by investors, particularly given its sharp debut correction.

Airdrops have historically proven to be a double-edged sword—driving early adoption, but often at the cost of price stability.

The post SOPH token drops 24.97% after $900M airdrop, despite strong TVL growth appeared first on CoinJournal.

Key Takeaways:

• Giza is building a specialized suite of Agents tailored to Re7 Capital’s broader ecosystem.
• The customized Agents delivered a 67% higher yield on stablecoins and an 18.5% higher yield on ETH.
• While development continues, Re7 will deploy $500,000 in USDC into ARMA, Giza’s flagship Agent.

Web3 agent developer Giza announced that Giza Agents, which have facilitated over $40 million in volume to date, are entering the institutional space through a partnership with DeFi investment firm Re7 Capital.Re7 Capital will use Giza’s financial autonomous agents to manage liquidity, marking a significant step forward for the technology.

The partnership targets a key institutional challenge: achieving high-performance treasury management without sacrificing control or security. Giza’s agent infrastructure aims to solve this with its autonomous, secure framework.

What is Giza offering?

Giza has introduced a sophisticated non-linear optimizer that models each DeFi protocol as a unique curve shaped by liquidity, fees, and utilization dynamics, offering measurable gains over simplistic rate-chasing strategies when tested against historical data.

Unlike conventional systems, Giza’s Agents account for the full lifecycle of a position, factoring in gas fees, slippage, and reward lock-ups, and rebalance only when the projected benefit clearly exceeds the opportunity cost.

This conserves returns by avoiding unnecessary transactions. The methodology surpasses simple APR comparisons by integrating principles from modern portfolio theory, allowing for efficient frontier-based allocations and nuanced yield component analysis.

“Until now, institutions had to choose between iron-clad control and top-tier performance. Giza Agents eliminate that trade-off; capital runs autonomously, relentlessly productive, policy-locked, and cryptographically secure. Re7’s deployment marks the moment self-driving finance goes institutional,” said Renç Korzay, CEO of Giza.

Giza delivers a level of bespoke risk management that has been largely out of reach in decentralized finance.

Each proposed allocation is subjected to rigorous pre-flight health checks, which assess protocol liquidity, utilization rates, and volatility metrics.

Transactions are executed only when these parameters fall within predefined, policy-encoded thresholds, ensuring disciplined adherence to institutional risk mandates.

Details of the partnership

Giza is building a specialized suite of Agents tailored to Re7 Capital’s broader ecosystem, with back-tests over the past four months showing notable outperformance.

The customized Agents delivered a 67% higher yield on stablecoins and an 18.5% higher yield on ETH compared to static allocation strategies.

These gains were achieved by executing liquidity shifts across vaults only when the optimizer’s signal exceeded the cost of transaction execution.

The supporting infrastructure — including a smart-account template, real-time monitoring stack, and session-key framework — has been designed for modularity and reuse.

This streamlines the rollout of future Agents, such as Re7’s USDC and wETH variants, which are currently in testing and require significantly less engineering overhead than initial deployments.

While development continues, Re7 will deploy $500,000 in USDC into ARMA, Giza’s flagship Agent, to begin compounding yield immediately — all without the need for custom code.

The post Giza goes institutional: Re7 Capital adopts autonomous DeFi treasury management appeared first on CoinJournal.