Hackers stole $223 million from Cetus Protocol due to a bug
Yesterday, hackers took advantage of a business logic error in the Cetus Protocol, which allowed them to steal $223 million worth of tokens. Cetus Protocol is one of the largest liquidity providers on the Sui blockchain. As a result of the attack, the liquidity pools were almost emptied. The SUI network token itself and the coins operating on it…
Cetus protocol on SUI hacked: network tokens collapsed, USDC stablecoin lost its peg to the dollar
The largest liquidity aggregator in SUI blockchain network called Cetus, which is focused on the Move ecosystem, has fallen victim to a hacker attack. The attackers have already managed to withdraw assets worth $11 million. This provoked the collapse of most tokens operating on the SUI. Trading is effectively stopped, as liquidity pools have been…
Binance to remove trading pairs with 9 stablecoins, including USDT and DAI
The world’s largest crypto exchange Binance has announced the removal of spot trading pairs with stablecoins that do not correspond to EU Regulation on markets in cryptoassets (MiCA). The changes will take effect in March and apply to users of the European Economic Area (EEA). Nine stablecoins were delisted:
Stablecoins overtook Visa and Mastercard in 2024, — ARK Invest
The volume of transactions using of stablecoins in 2024 reached a record $15.6 trillion (it was $7 trillion in 2023), exceeding Visa’s by 119% and Mastercard’s by 200%. This is what the reports Big Ideas 2025 by ARK Invest.
MiCA vs. cryptocurrencies: can USDT and other stablecoins survive in the EU?
The European cryptocurrency market is on the verge of significant changes due to the MiCA regulation, which sets strict requirements, including for stablecoins. Popular USDT and DAI risk being permanently removed from European platforms, which is causing concern among users. Will the new rules really protect consumers, or will they be a blow to…
Ripple becomes the main competitor of Tether and USDC with RLUSD stablecoin
Ripple Labs has announced the launch of Ripple USD (RLUSD), a stablecoin pegged to the US dollar. It is expected that this cryptocurrency will receive approval from the New York State Department of Financial Services (NYDFS) and will become available on December 4. The launch of RLUSD comes amid Ripple’s long-running battle with the U.S.…
Robinhood launches crypto transfers in Europe
American company Robinhood announced the launch of cryptocurrency transfers for European customers. From now on, the platform will allow you to make
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