Month: May 2025

Sui vote on $162M Cetus funds ignites decentralization debate in DeFi

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A $200 million-plus exploit targeting Cetus, a decentralized exchange on the Sui network, has reignited debate over decentralization in blockchain protocols after Sui validators collectively froze $162 million of the stolen funds. Some decentralization advocates called foul, criticizing Sui validatorsโ€™ ability to pause fund transfers on the blockchain as a sign of centralization. Other investors applauded the rapid response and coordination against the attackers. Industry watchers are now waiting for Cetus to initiate its recovery roadmap after the Sui governance vote for returning the frozen $162 million was passed on…

Brazilian firm Mรฉliuz seeks $26m raise to buy more Bitcoin

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Mรฉliuz, a publicly traded fintech in Brazil, has filed for approval to raise $26.4 million that it plans to use to buy more Bitcoin. According to a report by Reuters, the company is seeking regulatory approval for an offer of 17,006,803 common shares to raise 150 million reais, or approximately $26.4 million. If the application is approved, Mรฉliuz plans to use the proceeds to buy Bitcoin (BTC). Per the securities filing the company submitted Friday, pricing for the offering will be on June 12, 2025. While the target is $26.4…

DOJ Will Not Have to Review Records

The federal judge overseeing Roman Stormโ€™s prosecution declined to order the Department of Justice to review its records for any materials it might have missed that would help the Tornado Cash developer at the end of a 30-minute hearing Friday morning, though she told the government it should not have any disclosure issues. Judge Katherine Polk Failla also ruled that there were no Brady violation concerns with the Department of Justiceโ€™s conversations with the Financial Crimes Enforcement Network (FinCEN) about whether mixers needed to register as money transmitters โ€” the…

James Wynn crypto losses mount as Bitcoin and Pepe coin slips

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James Wynn, the popular high-risk, high-reward crypto trader, has suffered substantial losses as Bitcoin and Pepe plunged. Bitcoin (BTC) price dropped from a record high of $111,900 last week to $105,300 on Friday, while Pepe (PEPE) has dived from $0.00001625 to $0.000025.ย  These declines, while subtle in the crypto industry, led to huge losses for Wynn, a trader who focuses on using high leverage.ย  Hyperdash data shows that Wynn now holds assets worth about $62 million on Hyperliquid. He has a leveraged position on Bitcoin valued at $46.4 million, and…

Cardano To $10 In 2025? These 5 Catalysts Could Ignite ADA

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artรญculo tambiรฉn estรก disponible en espaรฑol. Cardano staking pool operator (SPO) Sssebi (@Av_Sebastian) has ignited a debate by asserting that Cardanoโ€™s ADA could reach double-digit territory this year. In a thread that began, โ€œThese are…

Trump Media raises $2.44b to build Bitcoin treasury

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Trump Media and Technology Group has closed a $2.44 billion private placement with roughly 50 institutional investors, aiming to establish one of the largest Bitcoin treasuries among publicly-traded U.S. companies.ย  The offering included the sale of 55.8 million common shares at $25.72 each, generating $1.44 billion, and $1 billion in 0% convertible senior secured notes due 2028, convertible at $34.72 per share. Net proceeds of approximately $2.32 billion will be used to acquire Bitcoin (BTC) and fund general corporate operations. Crypto.com and Anchorage Digital will handle custody for the Bitcoin…

ow crypto op-eds influence Web3 media, policy and perception

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As the crypto industry matures and public perception becomes more critical to adoption and regulation, opinion pieces, often dismissed as hot takes, are emerging as powerful tools in shaping the Web3 narrative. In the latest episode of Decentralize with Cointelegraph, we sit down with three insider voices to explore the evolving role of opinion in crypto media: Cath Jenkin, opinion editor at Cointelegraph; Nikki Brown, chief strategy officer of Melrose PR; and Amal Ibraymi, legal counsel at Aztec Network. Breaking down op-eds The discussion highlights the growing strategic value of…