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News 2025 May 22, 12:01 (24 days ago )

6 hours Crypto Highlights: Bitcoin, Ethereum, Stablecoins, Hacks, Altcoins – What’s Brewing?

In a significant security incident, the #Cetus_Protocol experienced a major hack that resulted in a substantial liquidity drain, raising concerns about the security of decentralized finance platforms. This event serves as a stark reminder of the vulnerabilities present in the crypto space, prompting users to reassess their security measures.

Meanwhile, regulatory developments are heating up as Trump adviser David Sacks announced that a stablecoin bill poised to pass the Senate could unlock trillions for U.S. Treasuries. This legislation could reshape the landscape for stablecoins and their integration into traditional finance.