About $350 million worth of cryptocurrency futures were liquidated over the past four hours after U.S. President Donald Trump announced that he would impose a 50% tariff on imports from the European U...

About $350 million worth of cryptocurrency futures were liquidated over the past four hours after U.S. President Donald Trump announced that he would impose a 50% tariff on imports from the European Union starting June 1. The liquidation of long positions amounted to about $300 million.

$350M in crypto futures liquidated within past 4 hours

On May 23, 2025 — The Telecommunications Department (Ministry of Information and Communications) officially requested telecommunications companies to implement technical measures to block the messaging application Telegram at...

Vietnam requests to block Telegram application due to serious violations in cyberspace

Many people are puzzled: after @CetusProtocol was hacked, the validator network "froze" the hacker's address, recovering $160 million. How exactly was this done? Is decentralization a "lie"? Here's an analysis from a technical perspective:
· Cross-chain bridge transfer part: After the successful hack, the hacker immediately transferred some USDC and other assets to other chains like Ethereum through a cross-chain bridge. These funds cannot be recovered, as once they leave the Sui ecosystem, validators are powerless.
· Funds still on the Sui chain...

How did Sui "freeze" the hacker's address? Is decentralization a lie?

On the afternoon of May 22, the Sui chain's leading DEX liquidity protocol Cetus Protocol token CETUS suddenly experienced a sharp decline, with its price almost "chopped off," and multiple token trading pairs on Cetus also saw dramatic drops. Subsequently, many KOLs posted on X, indicating that the Cetus protocol LP pools had been hacked.

According to on-chain monitoring, the Cetus attacker appears to have controlled all LP pools priced in SUI, with the stolen amount exceeding $260 million as of the time of writing...