Crypto

Curve Finance attackers used DNS hijacking to exploit its front end, redirecting users to a fake site and draining wallets. On May 12, 2025, at 20:55 UTC, hackers hijacked the “.fi” domain name system (DNS) of Curve Finance after managing to access the registrar. They began sending its users to a malicious website, attempting to drain their wallets. This was the second attack on Curve Finance’s infrastructure in a week. Users were directed to a website that was a non-functional decoy, designed only to trick users into providing wallet signatures. The hack hadn’t breached the protocol’s smart contracts and was limited to the DNS layer. Read more

Bitcoin wavered after the president threatened to impose new levies. Altcoins fell further.

[PRESS RELEASE – Abu Dhabi, UAE, May 23rd, 2025] The Venom Foundation has successfully completed a closed‑network stress test of its next‑generation protocol, which is capable of completing 150,000 transactions per second (TPS) and finalizing all transfers in under three seconds. The implementation of this upgrade is set to occur in Q3 2025 and make Venom […]

Reserve’s Index Protocol introduces Index DTFs, tokenized portfolios that provide fully backed exposure to curated crypto baskets. Built for transparency and governance, these assets can be minted, redeemed, and traded onchain, with design decisions controlled by vote-locking governance tokens. With $3.46 million in market cap, rising trading volumes, and top DTFs posting strong returns, Index DTFs are emerging as a new gateway for thematic crypto investing.

BTC and HYPE stole the show in the past week, charting new peaks.

In Q1 2025, Fuel navigated its first full quarter post-TGE by expanding its ecosystem, launching the FS-1 dApp Program, and rolling out a decentralized sequencer to improve network trustlessness and scalability. Despite a 79.8% drop in market cap and declining activity metrics, the network maintained an average of 128,000 daily transactions and supported over 70 live dApps. Key DeFi protocols like Mira Protocol and Swaylend continued to anchor the platform, with Mira driving over $164 million in cumulative DEX volume. Fuel also advanced its infrastructure with zero-knowledge settlement, low validator requirements, and support for shared sequencing across rollups, setting the stage for long-term adoption.

The leverage flush happened as crypto prices quickly dropped on renewed trade war fears, with BTC slipping 3% from near record highs.

Turns out the Cetus developers have been here before, as their hacker deal once saved Crema on Solana. The bounty offer to recover stolen funds from Sui-based decentralized exchange (DEX) Cetus closely resembles a successful strategy used by a Solana project three years ago. It turns out that Cetus shares the same development team as Crema Finance, a Solana-based DeFi project that suffered a $9-million hack in 2022 but recovered most of the funds by negotiating with its hacker. Now, Cetus is relying on the same strategy. Cetus is asking the hacker to return all but $6 million, or 2,324 Ether (ETH), of the stolen funds in exchange for a promise not to pursue legal action. The protocol lost $223 million to an exploit on May 22. Read more

Trung Nguyen of Danvers, Massachusetts was jailed for six years for running an unlicensed, "no questions asked" money transmitting business.

Onchain CLOBs represent the optimal DEX architecture for capital efficiency, price discovery, and scalability, consistently outperforming AMMs, Peer-to-Pool models, and RFQ systems in more mature trading environments. Historically, their adoption onchain has been limited by latency and cost constraints, but those hurdles are now being steadily overcome through advances in blockchain infrastructure. The current CLOB landscape is expanding rapidly, with new teams exploring different tradeoff profiles in the race to build the next standout alternative CLOB. With a massive addressable market that includes both onchain spot volumes and, eventually, centralized exchange liquidity, the opportunity for onchain CLOBs has never been more compelling.

Analysts had been saying the latest Bitcoin rally had "less frothy momentum-chasing and stronger fundamental underpinnings.”

As the US Senate advances the GENIUS Act and lawmakers reintroduce the Blockchain Regulatory Certainty Act, Washington is finally stepping up to the plate on crypto. In this week’s episode of Byte-Sized Insight, on Decentralize with Cointelegraph, we break down a pivotal moment for US crypto legislation.  In a 66–32 procedural vote on May 19, the US Senate advanced the GENIUS Act, a landmark bill aimed at establishing a comprehensive regulatory framework for stablecoins. Meanwhile, across the Capitol, Representative Tom Emmer reintroduced the Blockchain Regulatory Certainty Act, backed by bipartisan support. The GENIUS Act — short for “Guiding and Establishing National Innovation for U.S. Stablecoins Act” — seeks to answer foundational questions around stablecoin issuance and oversight. Read more

Hyperliquid’s HYPE token rallies 94% this month, reaching $36.90 ATH amid record-breaking $9.37B derivatives open interest.

Sui (SUI) Dropped 6.8% and NEAR Protocol (NEAR) fell 5.8%, leading the index lower from Thursday.

Bitcoin has once again broken higher, pushing through key resistance zones and extending its bullish momentum. After multiple attempts to reclaim the previous all-time highs, the market has finally shifted gears, with bulls regaining control amid a backdrop of improving sentiment and a strong technical structure. Now, the main question is how far can BTC […]

The company acquired 455 bitcoin in its third-largest announced purchase.

While the broader crypto market saw declines with BTC and ETH market caps falling 11.4% and 45.2% QoQ; io.net posted mixed results. Revenue rose 82.6% QoQ to $5.7 million; however, IO’s market cap fell 71.4% due to a 74.9% drop in price. Daily verified GPU and CPU counts declined 11.1% and 4.5%, respectively, and BC8.AI inference activity dropped 66.7%. Despite these trends, io.net made steady ecosystem progress, announcing various integrations including Nesa, Allora, and Filecoin, while also achieving SOC 2 compliance.

Ledn will no longer lend out client assets to generate yield, opting instead to keep Bitcoin under full custody. Digital asset lender Ledn is transitioning to fully collateralized Bitcoin lending and discontinuing support for Ethereum, in moves designed to consolidate its BTC-focused business and further safeguard client assets against credit risks. In adopting a full custody structure for Bitcoin (BTC) loans, Ledn will no longer lend out client assets to generate interest, the company disclosed on May 23. Instead, Bitcoin collateral will remain under full custody by Ledn or one of its designated funding partners.  “This means assets aren’t rehypothecated, reused, or loaned out to generate yield,” Ledn co-founder and CEO Adam Reeds told Cointelegraph. Read more

Ledn said the shift is part of its broader strategy to simplify its product and sharpen its focus around bitcoin.

XRP has been showing signs of quiet accumulation within a broader consolidation structure. As of today, it continues to trade below major resistance zones but is building a compelling technical structure that could precede a significant move if confirmed by volume and momentum shifts. Technical Analysis The USDT Pair Looking at the XRP/USDT pair, the […]