Crypto News. May 23, 2025
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DeFi
SUI-based DEX, Cetus Protocol, was exploited for $220 million. SUI network responded swiftly, freezing $160 million of the stolen funds on-chain.
Kraken announced plans to enable non-U.S. users trade over 50 U.S. stocks and ETFs on the Solana blockchain, 24/7.
These tokenized assets called xStocks will be backed 1:1 by actual shares, held by Kraken’s partner, Backed Finance, and will be redeemable for cash.
Set to launch in the coming weeks.
VanEck announced PurposeBuilt, a fund focused on supporting real-world applications built on the Avalanche blockchain, to be managed by team behind VanEck’s Digital Asset Alpha Fund (DAAF).
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