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The Sui Foundation has taken swift action to support decentralized exchange Cetus following a major security breach that saw over $220 million in digital assets compromised. As part of an ambitious recovery plan, Cetus has secured an emergency loan from the Sui Foundation and initiated a community governance vote to unlock frozen assets. The exploit…
Cardano’s founder, Charles Hoskinson, is making waves in the crypto world with his bold vision to integrate decentralized finance (DeFi) features not only from Bitcoin but also XRP onto the Cardano blockchain. This ambitious strategy could unlock billions of dollars in value, further positioning Cardano as a key player in the evolving DeFi landscape. Hoskinson…
Solana [SOL] has quietly been flexing its muscles in the crypto market, and recent on-chain data reveals why smart money might be paying close attention. With its DeFi total value locked (TVL) nearing $10 billion and over 2.2 million SOL flowing out of exchanges in May alone, Solana appears to be entering a pivotal accumulation…
In a surprising yet refreshing display of inter-chain camaraderie, Cardano founder Charles Hoskinson has extended a hand of cooperation to Ripple by offering to integrate its upcoming RLUSD stablecoin — free of charge. The bold gesture highlights Cardano’s growing interest in strengthening decentralized finance (DeFi) through collaboration rather than competition. The news broke via a…
In a chilling reminder of the fragility of decentralized finance, Cetus Protocol, the leading decentralized exchange (DEX) on the Sui blockchain, suffered a staggering $223 million exploit on May 22. The attack, which exploited a loophole in the protocol’s pricing mechanism, has left the DeFi community reeling—and the Cetus team scrambling. The attack leveraged a…
Cardano is gearing up for one of its most ambitious moves yet: integrating Bitcoin DeFi into its ecosystem starting May 27. The update, championed by both Cardano founder Charles Hoskinson and crypto analyst Dan Gambardello, could mark a major shift in the decentralized finance landscape—and potentially unlock billions in value. In a recent alert to…
Avalanche (AVAX) has long stood as a pillar in the decentralized finance (DeFi) ecosystem, currently trading at $21.97 and maintaining a stronghold among blockchain platforms focused on dApps and scalability. As AVAX continues to push technological boundaries, its journey offers a compelling blueprint for emerging platforms like Ruvi AI (RUVI)—a rising star in the decentralized…
In December 2024, Ripple launched RLUSD, its innovative stablecoin, set to challenge established players like USDT in the ever-expanding stablecoin market. Ripple’s new offering, built on the XRP Ledger, aims to create a more efficient and compliant solution for both traditional finance and the decentralized finance (DeFi) space. With the global stablecoin market hitting a…
Solana (SOL) briefly topped $185 this week for the first time in nearly three months, signaling a strong shift in market sentiment and a potential revival in its DeFi ecosystem. The price rally, which began in early April from lows near $95, reflects a broader risk-on attitude across the crypto space, bolstered by easing global…
SUI has made waves in recent weeks with an impressive price rally and a surge in DeFi activity. But despite the buzz, analysts believe Solana’s dominance in the blockchain space remains firmly intact—for now. Over the past week, SUI rose 26%, slightly edging out Solana’s 22% gain. Yet, analysts say these short-term moves don’t paint…