Latest news with #CZ
Yahoo
5 days ago
- Business
- Yahoo
Sui's largest DEX suffers massive $260M exploit
The Sui blockchain is presently reeling from considerable panic following a targeted attack against its primary liquidity provider, Cetus Protocol. The exploit extracted de facto control over SUI-denominated liquidity pools, compromising liquidity pools designed to maintain liquidity in the ecosystem. This led to widespread fund drainage and chaos in the marketplace. The Cetus Protocol confirmed a theft of approximately $223 million, out of which it has successfully frozen $162 million. The team is working with the Sui Foundation and other ecosystem members to recover the rest of the stolen funds, it said. On-chain analyst Lookonchain, on the other hand, estimated that more than $260 million has been lost. The exploiter is converting stolen funds into USDC and choss-chaining to Ethereum. The SUI/USDC pool was drained of around $11 million in liquidity. As liquidity pools have evaporated, trading volumes have, and most trades on decentralized exchanges (DEXs) have begun to fail, leaving users incapable of either buying dips or exiting positions at all. Overall market sentiment for tokens has turned sharply negative, and panic is spreading among SUI holders. The market confidence has been shaken to the core. Binance co-founder Changpeng Zhao "CZ" wrote on X, "We are doing what we can to help SUI." As the news of the Cetus exploit gained traction, the SUI token immediately fell nearly 10% to $3.82. It took some time to recover and was trading at $3.93 at the time of writing. The token is nonetheless still more than 63% up over a month. As per DEX Screener, SUI-based tokens plunged as much as 90% following the exploit. However, it was the CETUS token that had a drastic free fall as it immediately dipped nearly 40% to $0.1586. The token was trading at $0.1755 at the time of writing. Sui's largest DEX suffers massive $260M exploit first appeared on TheStreet on May 22, 2025 Sign in to access your portfolio
Buzz Feed
21-05-2025
- Lifestyle
- Buzz Feed
If You Love Living In The Lap Of Luxury But Your Bank Account Isn't There Yet, Check Out These 40 Worthy Swaps
A CZ tennis bracelet with tons of reviewers who say it can pass as actual diamonds. Listen, you want a glamorous stack but you don't have to choose between that and a long weekend at a beach resort. E.l.f. Lash XTNDR Tubing Mascara if you've tried pricier versions but have shied away from rebuying because of $$$. Seriously, just try this! It's so good that I'm currently on my THIRD tube. Good Molecules Pineapple Exfoliating Powder made with natural rice starches and pineapple, kiwi, and papaya extracts that'll foam up and *gently* polish skin, giving you similar results to the $68 Dermalogica version. You can use it up to four times a week to see (and feel) the benefits without harsh scrubs or panicking a little bit at your Ulta total. A beaded shoulder bag in case you've added a similar Staud one to cart about a million times but haven't been able to checkout just yet. The brand's beaded bags became instant classics but you can get a little splurgey at Anthro without having to completely upend your monthly budget on a (gorgeous) $295 bag. You could get three of these at that price (if you wanted). A set of wrist and ankle weights will feel like an extra fun accessory after you look up how the pricing ($22-ish) compares to similar Bala Bangles ($50-ish). Slip on these before you take a stroll with a pal to get in your steps. Just be prepared for the onslaught of compliments by passersby. Nortiv 8 walking shoes with the pillowy comfort and bold color combos of Hokas on the cheap, so you can splurge a little bit on that boutique boxing class this week instead of shelling out more for the name-brand shoes. Sliick Ingrown Rescue Solution to halt painful (and unsightly) ingrown hairs before you realize they've rudely shown up on your first beach day of the year, no matter how you're DIY-ing hair removal. AND it's half the price of holy grail Tend Skin! Oxo's portable Cold Brew Rapid Brewer if you guzzle coffee like it's your main salaried job where you have a corner office in the C-suite. It whips up cold brew in a mere five minutes, which is even better news if you've gotten sticker shock from Aeropress but need something that'll work both at home and on the go. (For the record, some reviewers call it "Aeropress 2.0" because they prefer the Oxo version.) Self-Tanner for some super-easy-to-apply color that'll develop in an hour. No need to book a (costly) spray tan appointment. (Psst, reviewers who've previously sworn by St. Tropez products have made the switch!) A cherry bag charm can add a lil' razzle-dazzle to your plain bag that's just not doing it for you anymore. Just let your work nemesis assume that it's the $95 Coach charm. A cute two-piece pajama set in super soft fabric if you LOVE the look of $128 Roller Rabbit PJs but just can't personally justify spending that much money on something you wear to bed, no matter how comfy and cute it might be! An Elizavecca hair treatment to give you "rich girl hair" thanks to its collagen and ceramide 3 formula. And it'll take just a few minutes of your time, like as little as five minutes post-shampoo. Because time is money, money is power, and power is pizza. (In case you were curious, lots of reviewers say they prefer it over $$$ Olaplex.) A long-sleeve bodysuit will wrap you up in an incredibly soft fabric that reviews oft compare to Skims. AND it's supportive enough so you can wear it without a bra, which is always a great thing! Plus, a stretchy bodycon pencil dress with heaps of Skims comparisons for the shape and stretch. I'm guessing this is what Morticia Addams would wear to an all-inclusive beach resort. L'Oreal True Match Lumi Glotion for a super glowy, sunkissed look EVEN if work and maintaining a social life has you feeling like a vampire. No need to keep swinging by Sephora for a free sample of Drunk Elephant's bronzing drops because reviewers say this is a great cheaper alt. (We've all pulled that sample trick!) A baroque-inspired mirror to instantly dress up an entry or hallway. The gilded frame looks equally great hung on a wall or atop a console. And every time you gaze upon your reflection in it, you can think about the dough you saved by opting for this one over the more expensive Anthro version. An elegant set of square wineglasses that reviewers point out are VERY similar to the pricier ones sold at Crate & Barrel. Whether you're just drinking some water out of them or some actual Prosecco, they'll certainly elevate the moment. E.l.f. Halo Glow Liquid Filter that'll free up a bit of coin if you've been eyeing Charlotte Tilbury's Hollywood Flawless Filter as a glow-getter on a budget. This stuff has hyaluronic acid and squalane to give you that lit-from-within for less than the cost of a pricey chopped salad from that place beside your office. A faux-leather bag you'll do a double-take on because it's verrrry similar to Polène's Cyme you've been stalking online and thought, "Welp, I could buy this instead of flying to my college roommate's wedding" before buying that flight. Hanes Ultimate ankle socks that'll pass the comfort test for fans of Aritzia's TNA line. Yes, we're at that age where socks can be luxurious. Slingback heels to add an air of sophistication to a simple outfit. We're not on a Chanel budget, but that's perfectly fine and normal! These beauts will help you chase that feeling AND turn out to be super versatile so you'll have a pretty low cost per wear. And while we're chasing that feeling, a quilted leather crossbody purse can scratch a Chanel-ish itch while adding an affordable purse into your wardrobe rotation. A glitzy long-sleeve sequin dress in case you marveled at the $765 16Arlington dress Hailey Bieber wore but gasped out loud when you looked at the price. This under-$100 version is just begging to make an appearance in a loud, dark club somewhere in Europe. A faux-pearl choker that's a dead-ringer for a Vivienne Westwood piece you can easily add to all kinds of outfits that are missing something. Mystery solved. Some sharp-looking pointed-toe flats with similar comfy, machine-washable features to pricier Rothy's or Vivaia flats. You'll be glad you packed these to get you from Notre-Dame to the Eiffel Towel on a long but gorgeous scenic view! And when you get home, you can toss 'em in the wash to look like new for your next adventure! A pair of retro-style oval sunglasses your nemesis will mistake for the $400+ Miu Miu ones, which is fine. Let 'em think that and put that extra cash toward whatever else you want. Or some oversized square sunnies if you've been admiring the Bottega Veneta version but have such a horrible track record with keeping sunglasses in fighting shape that you can't in good conscience spend hundreds on a pair. A pair of satin block-heeled dress shoes you'd mistake for some Loeffler Randall heels if you didn't buy them yourself! Reviewers also say that the supportive straps mean you can still make all kinds of moves. A wedding dance floor hates to see you coming. A velvet V-neck maxi dress that'd make a perfect bridesmaid dress. Or just a wedding guest dress! You're already paying [redacted] to attend the Nashville bachelorette. We don't need to spend $400 on a dress too. Slip-on mules because you're not allowed to wear sneakers to the office (I'm emailing HR on your behalf) but don't do heels. You'll get all kinds of use out of these comfy alts to the pricier Madewell Gemma mules without having to MAKE yourself wear them enough times just to make yourself feel better about dropping serious dough on them. Platform slippers you've eyed on so many other people in public (or, well, the similar but more expensive Ugg Tazz) and want in on the cozy style. Once you slip your feet into the faux-fur shoes, you'll find every which way to wear — even in the sweaty pits of summer. A multipurpose blush stick you can try out to create the lovely watercolor blush trend. Y'know what's even lovelier? Paying $7 for this instead of the $18 Pixi Beauty version so you can build and blend color to your heart's content. Cushionaire slides to help satisfy your old dogs' yearning for comfy Birks (there are 1k+ reviews comparing them) for significantly less. A "Soft" perfume rollerball that's definitely made an appearance or five in your FYP scroll. It's only $5 and smells totally delightful (it gets compared to sweet treats like waffle cones). BUT! That's not the only reason to love it. It reminds reviewers of the $65 bottle of Pink Sugar 👀 and layers like a dream. E.l.f.'s Holy Hydration! Thirst Burst Drops made to help plump up (hydrating hibiscus complex and hyaluronic acid) and brighten (niacinamide) your complexion for similar results to the $35 Glow Recipe Watermelon Dew Drops. Reviewers say it works great alone *or* mixed in with foundation. A plated ring with just a bit of glitz that'll help you channel the Cartier look without affecting your financial planning goals like the real-deal would. Dossier's "Ambery Vanilla" perfume because you thought about shelling out for YSL's Black Opium but your budget said no despite all your other perfume bottles being on empty. A Briotech spray can help soothe rosacea, eczema, rashes, sunburns, and other skin irritations for when your skin is just not cooperating thanks to hypochlorous acid (it's in your white blood cells and helps soothe inflammation). Tower 28 SOS Daily Rescue Spray is also what some call a miracle in a bottle. But Briotech is in a cheaper bottle. Some mid-weight sweatpants in case you wanna bring some luxe feel to your couch-rotting. Folks on TikTok compare these to Aritzia's for a fraction of the price. Everyone wear sweats but they don't have to be expensive sweats. A half-zip pullover sweatshirt that'll run you far less than Lulu's $118 scuba hoodies.
Crypto Insight
06-05-2025
- Business
- Crypto Insight
VanEck files for BNB ETF, first in US
Asset manager VanEck has asked US regulators for permission to list an exchange-traded fund (ETF) holding BNB, the native token of Binance's BNB Chain, regulatory filings show. The ETF is designed to accumulate spot BNB tokens and 'may, from time to time, stake a portion of the [fund's] assets through one or more trusted staking providers,' according to the ETF's S-1 prospectus. The filing marks the first time an asset manager has filed for a BNB ETF in the United States. The BNB token has a market capitalization of roughly $84 billion, according to data from CoinMarketCap. As of May 5, BNB stakers earn a yield of approximately 2.5%, according to data from Binance's BNB Chain is among the most popular smart contract networks, with a total value locked (TVL) of nearly $6 billion, according to data from DefiLlama. Bitcoin's 'spillover' effect? The filing comes days after Binance co-founder Changpeng 'CZ' Zhao reportedly said he expects the popularity of Bitcoin ETFs to eventually 'spill over' into altcoins. 'This cycle so far has been the ETFs. And it's almost all Bitcoin. Ether hasn't had as much success but Bitcoin success will spill over to the others eventually,' CZ reportedly said during the Token2049 conference in Dubai. Spot Bitcoin ETFs attracted net inflows of more than $40 billion since launching in January of 2024, according to data from Farside Investors. VanEck's filing is the newest in a flurry of filings seeking to list ETFs holding altcoins. The US Securities and Exchange Commission (SEC) has acknowledged dozens of cryptocurrency ETF proposals since US President Donald Trump took office on Jan. 20. They include plans for ETFs holding native layer-1 tokens such as Solana as well as memecoins such as Dogecoin. VanEck has filed to list other cryptocurrency ETFs over the past few months, including funds holding Solana and Avalanche. Source:
Business Recorder
05-05-2025
- Business
- Business Recorder
Global crypto diplomacy: PCC positions Pakistan as rising force in just 50 days
ISLAMABAD: The Pakistan Crypto Council (PCC), in just 50 days since its launch on March 14, 2025, has achieved what few believed possible, positioning Pakistan as a rising force in global crypto diplomacy, infrastructure and regulatory leadership This is not just an institutional win; it's a case study in how government-backed initiatives can move fast, think big, and deliver results. 'While most state institutions take years to move past roundtables and MOUs, PCC has executed, signed, and scaled, placing Pakistan at the centre of one of the fastest-growing industries of the century,' said a news release here Sunday. Within weeks of its launch, the PCC appointed Changpeng Zhao (CZ) the founder of Binance, the world's largest cryptocurrency exchange valued at over $60 billion, as a strategic advisor. CZ, whose personal net worth has previously crossed $100 billion, according to sources, brought unmatched expertise in crypto infrastructure, global compliance, and blockchain adoption. No comparable country in the region, including India, has secured such a high-level crypto advisor at a national level. In another major breakthrough, the PCC signed a Letter of Intent with World Liberty Financial (WLF), a blockchain project backed by US President Donald Trump. The WLF delegation included Zachary Witkoff, son of US real estate mogul and former envoy Steve Witkoff, who was part of President Trump's Middle East peace team. The collaboration aims to drive the use of stable coins, DeFi protocols, and cross-border blockchain infrastructure in Pakistan. It is the first time a US-backed blockchain initiative has signed such an agreement with any institution in Pakistan. The timing could not be more significant. Just days after cross-border tensions flared, this Trump-backed strategic agreement has captured the attention of global and regional media. Even Indian outlets like The Times of India have been compelled to cover Pakistan's breakthrough, acknowledging Pakistan's progress and expressing concerns on India's lacklustre crypto policies. Just as cricket diplomacy once reshaped regional narratives, Pakistan is now winning at crypto diplomacy, and this time, the stakes are even higher. With a lean, focused, and execution-first model, the PCC has transitioned Pakistan from a passive observer to a serious regional contender, all in just 50 days. Critics have long pushed the narrative of a digitally isolated Pakistan. But these recent developments show a different picture: Pakistan is not just opening its doors to innovation - it is sprinting toward leadership. While India isolates its developers and imposes punitive regulations, Pakistan is extending a hand to global investors, builders and technologists. In a world where bureaucracy often stalls progress, PCC's 50-day sprint has defied expectations, putting Pakistan firmly on the map of global crypto power players. CEO of PCC Bilal bin Saqib also met the Malaysian Foreign Minister Mohamad bin Hajji Hasan, and discussed with him collaborative opportunities in blockchain technology, digital assets and Shariah-compliant finance. The meeting between the Malaysian FM and PCC chief in Kuala Lumpur focused on laying the groundwork for a Pakistan-Malaysia Digital Finance Partnership, aimed at co-developing FATF-compliant, Shariah-aligned digital asset frameworks. 'Malaysia's leadership in Islamic finance and Pakistan's momentum in crypto regulation form a natural alliance,' Saqib was quoted as saying. The council has also entered into discussions with international Bitcoin mining firms to leverage Pakistan's surplus electricity. Sites across the country are under review to establish AI data centres and mining farms, converting untapped energy into economic productivity. The council is simultaneously in talks with real-world asset tokenization firms to bring land, commodities, and other tangible assets on-chain. 'The PCC is also finalizing a comprehensive, FATF-compliant regulatory framework. Built with guidance from international experts, this framework focuses on risk-based compliance, AML/KYC standards, and sustainable innovation policies. The Council aims to publish and begin implementation with a timeline that outpaces most countries in the Global South. The PCC's swift action has drawn attention from global leaders. Justin Sun, founder of TRON, one of the top-10 blockchain networks with a market cap over $24 billion, has accepted an invitation to visit Pakistan, alongside other crypto innovators and institutional partners. The PCC's swift action has drawn attention from global leaders. Justin Sun, founder of TRON, one of the top-10 blockchain networks with a market cap over $24 billion, has accepted an invitation to visit Pakistan, alongside other crypto innovators and institutional partners. While countries like India have imposed a 30% tax on crypto, leading to a significant flight of trading volume to offshore platforms, Pakistan's open and structured approach is seen as an opportunity to capture regional liquidity, innovation, and talent.
Express Tribune
04-05-2025
- Business
- Express Tribune
Pakistan Crypto Council makes global strides in 50 days
The council has also entered into discussions with international Bitcoin mining firms to leverage Pakistan's surplus electricity. PHOTO: PIXABAY Listen to article The Pakistan Crypto Council (PCC), in just 50 days since its launch on March 14, 2025, has achieved what few believed possible, positioning Pakistan as a rising force in global crypto diplomacy, infrastructure and regulatory leadership. 'While most state institutions take years to move past roundtables and MOUs, PCC has executed, signed, and scaled, placing Pakistan at the centre of one of the fastest-growing industries of the century,' said a news release on Sunday. Within weeks of its launch, the PCC appointed Changpeng Zhao (CZ), the founder of Binance, the world's largest cryptocurrency exchange valued at over $60 billion, as a strategic advisor. CZ, whose personal net worth has previously crossed $100 billion, according to sources, brought unmatched expertise in crypto infrastructure, global compliance, and blockchain adoption. In another major breakthrough, the PCC signed a Letter of Intent with World Liberty Financial (WLF), a blockchain project backed by US President Donald Trump. The WLF delegation included Zachary Witkoff, son of US real estate mogul and former envoy Steve Witkoff, who was part of President Trump's Middle East peace team. The collaboration aims to drive the use of stablecoins, DeFi protocols, and cross-border blockchain infrastructure in Pakistan. It is the first time a US-backed blockchain initiative has signed such an agreement with any institution in Pakistan. With a lean, focused, and execution-first model, the PCC has transitioned Pakistan from a passive observer to a serious regional contender, all in just 50 days. Critics have long pushed the narrative of a digitally isolated Pakistan. But these recent developments show a different picture: Pakistan is not just opening its doors to innovation - it is sprinting toward leadership. While India isolates its developers and imposes punitive regulations, Pakistan is extending a hand to global investors, builders and technologists. In a world where bureaucracy often stalls progress, PCC's 50-day sprint has defied expectations, putting Pakistan firmly on the map of global crypto power players. CEO of PCC Bilal Bin Saqib also met the Malaysian Foreign Minister Mohamad bin Hajji Hasan, and discussed with him collaborative opportunities in blockchain technology, digital assets and Shariah compliant finance. The meeting between the Malaysian FM and PCC chief in Kuala Lumpur focused on laying the groundwork for a Pakistan-Malaysia Digital Finance Partnership, aimed at co-developing FATF-compliant, Shariah-aligned digital asset frameworks. The council has also entered into discussions with international Bitcoin mining firms to leverage Pakistan's surplus electricity. Sites across the country are under review to establish AI data centers and mining farms, converting untapped energy into economic productivity. The council is simultaneously in talks with real-world asset tokenization firms to bring land, commodities, and other tangible assets on-chain. 'The PCC is also finalising a comprehensive, FATF-compliant regulatory framework. Built with guidance from international experts, this framework focuses on risk-based compliance, AML/KYC standards, and sustainable innovation policies. The Council aims to publish and begin implementation with a timeline that outpaces most countries in the Global South. The PCC's swift action has drawn attention from global leaders. Justin Sun, founder of TRON, one of the top-10 blockchain networks with a market cap over $24 billion, has accepted an invitation to visit Pakistan, alongside other crypto innovators and institutional partners. While countries like India have imposed a 30% tax on crypto, leading to a significant flight of trading volume to offshore platforms, Pakistan's open and structured approach is seen as an opportunity to capture regional liquidity, innovation, and talent.
