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The Sui blockchain and its decentralized exchange, Cetus, are working together to address the aftermath of a $223 million hack that occurred on May 22, 2025. After the attack, security teams froze $162 million of the compromised assets while $60 million in digital funds were moved to Ethereum. In a direct appeal, Sui and Cetus have asked the community to approve a protocol upgrade to unfreeze the remaining funds and restore them to user accounts. Cetus’ development team explained that only a community-wide, on-chain vote can authorize this protocol upgrade. Validators and SUI stakers are encouraged to participate in the decision, ensuring transparent governance. According to the Cetus Protocol, no party can impose a unilateral fix, highlighting the importance of decentralized oversight in crisis recovery. Cetus and its partners responded to the hack by using new technology and better governance. Following the detection of the attack, the Sui Foundation and Cetus developers teamed up with Inca Digital and law enforcement globally to prevent further losses. According to security experts, the key problem was a weakness in “get_delta_a” in Cusets’s code, which allowed the attacker to manipulate protocol liquidity and extract assets. By collaborating, Sui validators took steps to freeze stolen funds at the blockchain level to avoid any withdrawals by the attacker. As a result of the full blockade, $162 million was halted from movement, making the stolen funds unusable despite appearing on-chain. To protect the blockchain’s immutability, Sui developers developed a way to return the assets to the rightful owners without rolling back transactions. Combining this effort with a move to give up Sui’s voting power is meant to guarantee the community that only stakeholders will decide the outcome. After offering the attacker a white hat deal with a $6 million reward for voluntarily returning the stolen funds, Cetus revealed no communication had been received. As part of its response, the decentralized exchange announced a $5 million offer for information to identify and arrest the attackers. The Cetus team requested that any relevant tips, including names and locations, be submitted to their security team. The Sui Foundation will handle bounty payments, and legal pursuit will stop if the hacker cooperates. Related: Sui Blockchain Fast-Tracks Whitelist Function After Messy CETUS DEX Hack Although actions were taken quickly to stop the hacker, the values of some Sui-based tokens dropped sharply in reaction. Nonetheless, industry observers highlighted that this represents a significant turning point for decentralized finance (DeFi) security. The Sui Foundation and Cetus are keeping the community updated as they focus on preserving the protection of assets within the DeFi space. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The cryptocurrency market is buzzing, and all eyes are on Bitcoin as it continues its impressive run, recently hitting new all-time highs. Amidst this excitement, a significant technical indicator, the ‘Golden Cross,’ has emerged, capturing the attention of major players like Fidelity Digital Assets. But what exactly does this mean for the future of Bitcoin’s price, and why is a specific price level so crucial? In technical analysis, a Golden Cross is widely regarded as a strong bullish signal. It occurs when a short-term moving average crosses above a long-term moving average, typically the 50-day moving average crossing above the 200-day moving average. For Bitcoin, this pattern activated on April 7th, suggesting potential upward momentum. Why is this particular Bitcoin Golden Cross drawing so much focus? Because it often indicates a potential shift in market sentiment and can precede significant price rallies. However, the strength and validation of this signal often depend on subsequent price action. According to Chris Kuiper from Fidelity Digital Assets, the current Golden Cross could gain further strength and confirm its bullish implications if the Bitcoin price manages to hold above the $93,000 level. This $93,000 level likely represents a critical support zone, potentially aligning with key moving averages or previous resistance-turned-support levels. Maintaining the price above this threshold would reinforce the technical validity of the Golden Cross and suggest that the bullish trend has solid footing. As a major player in the institutional crypto space, the insights from Fidelity Digital Assets carry significant weight. Chris Kuiper’s commentary highlights their analytical approach, combining technical indicators like the Golden Cross with fundamental drivers. Fidelity’s view isn’t just about the technical pattern; it’s also tied to key price levels. While the $93,000 mark is seen as crucial for validating the Golden Cross, Fidelity also views the $110,000 level as a potential ‘launchpad’ for further gains. This suggests that breaking and holding above $110,000 could trigger the next leg up in Bitcoin’s price discovery, potentially accelerating the upward trend indicated by the Golden Cross. The fact that an entity like Fidelity Digital Assets is publicly discussing these technical and price levels underscores the increasing institutional acceptance and analysis of the cryptocurrency market using traditional financial tools and metrics. What’s fueling this optimistic outlook from institutions like Fidelity? A primary driver is the consistent and significant flow of capital into Bitcoin investment products, particularly Crypto ETF inflows. The introduction of spot Bitcoin ETFs in various markets has provided traditional investors with a regulated and accessible way to gain exposure to Bitcoin without the complexities of direct ownership. These ETFs have seen steady and substantial inflows since their launch, absorbing a significant portion of the newly mined Bitcoin supply and even drawing from existing holdings. Key drivers behind these robust Crypto ETF inflows and the broader institutional appetite include: While institutional interest and investment via avenues like ETFs are surging, it’s noteworthy, as U.Today reported, that retail participation has remained relatively limited compared to previous bull cycles. This dynamic suggests that the current rally is heavily institutionally driven, which can impact market structure and volatility differently than a retail-fueled surge. Since the activation of the Golden Cross on April 7th, the Bitcoin price has seen a remarkable increase of approximately 33%. This powerful upward move propelled Bitcoin to a new all-time high of $111,814. However, like any volatile asset, Bitcoin experienced a pullback, dropping to around $108,622 at the time of the report. This recent dip was partially attributed to rising U.S.-EU trade tensions, illustrating how broader macroeconomic and geopolitical factors can still influence the crypto market, even amidst strong underlying bullish trends. This highlights an inherent challenge for investors: navigating Bitcoin’s price movements requires not only understanding crypto-specific factors but also keeping an eye on the global economic landscape. Key price levels to watch based on the analysis include: The ability of the Bitcoin price to sustain itself above key technical and psychological levels will be critical in determining the short-to-medium term trajectory. The increasing focus on Institutional Bitcoin investment is not just a current trend; it’s a fundamental shift that could shape the market for years to come. As more large funds and corporations allocate portions of their portfolios to Bitcoin, the market gains deeper liquidity and potentially reduced volatility over the long term (though short-term swings remain likely). For readers interested in this space, understanding the drivers and impact of Institutional Bitcoin investment is key. These large players often have longer investment horizons and perform extensive due diligence, which can lend credibility to Bitcoin as an asset class. Their continued entry, facilitated by products like ETFs and the insights provided by firms like Fidelity Digital Assets, could provide sustained buying pressure independent of retail sentiment. While the path won’t be without its pullbacks and challenges, the structural change brought about by significant institutional adoption suggests a maturing market with potentially larger upside potential over time, supported by strong technical signals like a validated Golden Cross. Fidelity Digital Assets’ focus on the Bitcoin Golden Cross and the critical $93,000 level underscores the growing intersection of traditional financial analysis and the cryptocurrency market. Coupled with robust ETF inflows and increasing institutional interest, the outlook appears bullish, contingent on Bitcoin holding key support levels. While recent price action has seen Bitcoin pull back slightly from its all-time high, the underlying drivers, particularly from the institutional side, remain strong. The $110,000 level is eyed as a potential catalyst for the next phase of growth. As the market evolves, monitoring both technical indicators and the flow of institutional capital will be essential for understanding Bitcoin’s future trajectory. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin institutional adoption . Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Bitcoin’s latest surge has sparked renewed excitement across the crypto space. As the cryptocurrency hovers near its recently set all-time high, new data suggests changes in Bitcoin holder behavior and a strong potential for further gains throughout the week. According to Santiment’s latest tweet , an important on-chain signal supporting this bullish momentum is the declining Mean Dollar Age of Bitcoin holdings, which reflects a younger average age of coins in circulation. This trend has historically aligned with major bull cycles. Over the past five years, there have been three major bull runs, and Santiment found that each has been accompanied by a noticeable drop in the average age of held BTC. Since April 16th, this metric has declined from 441 days to 429 days, which indicates that long-dormant whales are beginning to move their holdings. As these older coins re-enter active circulation, it strengthens the narrative that the market is in an “unprecedented” bull phase. In fact, this phase could possibly be one of the most significant in Bitcoin’s history. Further supporting this, Glassnode’s analysis revealed that despite Bitcoin’s ATH, realized profit-taking volume was just $1 billion, less than half the $2.10 billion seen when Bitcoin first crossed $100K in December 2024. Coin age distribution shows short-term traders dominating activity, with <1-month-old BTC rising to 76.9% from 44.6%, while >6-month-old assets dropped to 13.4% from 24.7%. This indicates that long-term holders are broadly refraining from distributing coins at current levels, which is indicative of a stronger conviction and reduced speculative behavior. CryptoRank’s latest data highlighted a growing macro correlation. Bitcoin’s price movements increasingly mirror trends in the global M2 money supply. Now the fifth-largest asset by market capitalization, Bitcoin appears to be following broader liquidity patterns more closely. The chart includes a 10-week forward projection of M2, historically a leading indicator for the cryptocurrency. This suggests that changes in global liquidity precede shifts in Bitcoin’s price. With the current M2 forecast pointing to continued growth, the data signals potential sustained upside for the cryptocurrency in the near term.

The UK Court of Appeal has delivered a decisive ruling in favor of Binance and several crypto exchanges. It partially dismissed a $11.9 billion lawsuit over the delisting of Bitcoin SV (BSV). The judgment on May 21 found that investors could not claim damages for hypothetical profits they might have earned had the token remained listed. The case stemmed from the coordinated 2019 decision by Binance, Kraken, ShapeShift, and Bittylicious to delist BSV, a Bitcoin fork associated with entrepreneur Craig Wright. Investors behind the lawsuit argued that the delistings unfairly prevented BSV from gaining value and deprived them of potential returns. Related: BSV and XRP Supporter Argue Over Altcoins’ Superiority The plaintiffs alleged that the exchanges acted anti-competitively, and that BSV’s price would have increased significantly if it had remained accessible on major trading platforms. The UK Court rejected those arguments, stating that investors were not legally entitled to any particular market performance from the cryptocurrency. Sir Geoffrey Vos, who authored the judgment, noted that BSV was not “a unique crypto without reasonably similar substitutes.” The court held that other digital assets could have served as alternatives, and investors should have adjusted their positions accordingly. “They had a duty to mitigate their losses,” Vos wrote, emphasizing that market participants must respond proactively to protect their investments. A key part of the lawsuit was the claim of “loss of a chance,” the supposed opportunity to profit from future BSV gains had it not been delisted. The court rejected this as speculative, noting that cryptocurrency investments are inherently volatile. “Cryptos are, by nature, volatile investments,” the court ruled, stating that it would not award compensation based on imagined profits. Only verifiable losses could be considered for compensation. This ruling sends a clear message: courts will not entertain lawsuits based on missed opportunities or unproven financial projections in the crypto space. The decision marks a significant legal victory for Binance and the other exchanges involved. While the lawsuit was only partially dismissed, the court’s rejection of the central claims undermines the bulk of the plaintiffs’ case. Notably, the ruling clarifies that crypto exchanges are not obligated to keep every token listed, nor are they responsible for the market effects of delisting decisions unless direct harm can be proven. Even if investors were unaware of the delisting events at the time, the court ruled their claims would be limited to the token’s value before delisting plus any directly quantifiable losses, not potential future profits. Related: Altcoin Surge: LTC, BSV, BEAM, SOL, and ARB Lead the Way For Binance, the timing is strategic. The company is also attempting to dismiss a separate $1.76 billion claim brought by the FTX estate. In that case, Binance argues that the FTX collapse was due to internal mismanagement and fraud, not any action by Binance. With the UK Court’s reasoning in its favor, Binance may add momentum to its broader legal defense strategy. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.