Today in Crypto, the Cetus Decentralized (DEX) based on Crypto (DEX) CETUS is suspended because it has been exploited, with chain data that shows a drainage of fast assets despite the fact that the team states that the incident is an “error.” Bitcoin has exceeded $ 110,000 for the first time and continues to climb, and Texas’s house approved a Bitcoin reserve bill.
Sui dex cetus hit by suspended hack: more than $ 200 million in potential losses
Cetus, a decentralized exchange (DEX) is based on the sui block chain, is suspended to have bone beaten by a massive feat that may have drained more than $ 200 million worse of digital assets.
Pseudonymous Web3 Comdare3 researcher published in X that “users report” that Dex Cetus, based in Sui, is being exploited. “They also shared a Cetus market data screenshot in Dex detected, which shows that many assets lost approximately half of their value in the last 24 hours.
The team behind extractor, a chain monitoring tool developed by the Crypto Hacken cyber security company, confirmed that “at least $ 63 million already joined Ethereum, 20k ETH has just transferred to a fresh wallet” in a single transaction. A Hacken representative told Cointelegraph that these findings were confirmed by the company’s web 3 researcher, Yehor Rudytsia.
Cetus group data show that at the time of writing, the DEX processed transactions worth $ 2.9 billion on May 22, a significant increase over the $ 320 million reported on May 21. This level of activity capable of being of Beatocol prosds.
Cetus did not respond immediately to Cointelegraph’s request for comments on the suspicion of Exploit. A representative of the Sui team is not a comment to Cointelegraph regarding the situation of Cetus.
Some chips, such as Lombard staked BTC (LBTC) or Axolcoin (Axol) lost most of their value in CETU. The 15 best losers lost more than three quarters of their price.
Bitcoin rises above $ 110,000 for the first time
Bitcoin (BTC) recovered above $ 110,000 for the first time late on May 21 after he won around 3% on the last day and continued his early rally until May 22 to a maximum of almost $ 112000 AS or 4 AM UTC.
The cryptocurrency had had a maximum of $ 109,458 that hit earlier in the day, which was the first time it quoted above its long hero peak of January 20.
Bitcoin has won around 20% this year and has almost doubled since the drop of $ 75,000 on April 7, caused by the president of the United States, Donald Trump, and inacting hunger rates that global markets were modified.
The continuous rise of Bitcoin occurs when the United States stock markets were shaken by a weak 20 -year bond auction auction, which sent treasure yields on May 21. The S&P 500 fell 80 points in half an hour while the Dow reflected.
Caroline Bowler, CEO of the BTC markets of Exchange of Crypto in Australia, told Cointelegraph that Bitcoin’s continuous continuous continuous continuous were “driven by an institutional degree infrastructure and stronger regulatory clarity.”
Texas House passes a Bitcoins reserve strategic bill
The Texas House of Representatives has approved the third reading of SB 21, a bill that seeks to establish a strategic bitcoins reserve in the state. The bill was approved in a 101-42 vote and now he will go to the governor of Texas Greg Abbott to sign the law or veto.
SB 21, written by state senator Charles Schwertner, establishes a Bitcoin (BTC) reserve managed by the State Comptroller. The legislation allows the comptroller to invest in any cryptocurrency with a market capitalization exceeding $ 500 billion during the previous period of 12 months. Currently, the only cryptocurrency that fits the requirement is Bitcoin.
Before the vote, state representative Giovanni Capriglione told the Chamber that the bill was a “crucial moment to ensure Texas leadership in the digital age with the approval of our Bitcoins strategic reserve. Now promote. Modern active.” “” The bill was approved in the Texas Senate in a 25-5 vote on March 6.
Texas’s economy is the second largest in the United States, with a gross domestic product or $ 2.7 billion in 2024, according to Kvue. If Texas were his own country, he would have the eighth largest economy in the world.
If Abbott signs SB 21 in law, Texas will be the second state of the United States to allow the creation of a cryptocurrency reserve. New Hampshire became the first to do so on May 6 after Governor Kelly Ayotte signed Law 302 of the House of Representatives.
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