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The new executive director of the Ethereum Foundation reveals where the EF is heading. Hematopoiesis, survival, and ecological support uniqueness are the three major future directions of EF.

#pi brief ⚡️The Pi token has collapsed by more than 75 % since its launch in February 2025, falling below the symbolic threshold of $1. ⚡️Many investors still do not have access to their tokens due to ongoing KYC validation issues. ⚡️The project is still not listed on major exchange platforms like Binance or Coinbase, despite a market capitalization exceeding $5 billion. ⚡️The community expresses growing concern over the lack of transparency and deliverables from the founding team. $PI

Enjin Blockchain has added testnet support for stablecoins USDC and USDT, enabling their use within its NFT and gaming ecosystem via Hyperbridge. Stablecoins are heading to Enjin Blockchain, with USD Coin ( USDC ) and Tether ( USDT ) now live on Hyperbridge’s testnet in a move the team says will unlock cross-chain utility. The upgrade uses Enjin’s MultiToken Pallet, which supports the creation and transfer of many types of tokens, including stablecoins, the team said in a Thursday blog announcement. The pallet is part of Enjin’s Substrate-based blockchain architecture and underpins features such as the on-chain marketplace, NFT minting, and SDK/API access. The testnet setup lets users lock their USDC or USDT on Ethereum or BNB Chain, then Hyperbridge steps in to confirm the action and helps mint a matching stablecoin version — called a multitoken — on Enjin Blockchain. The team said that locking the original token in a Hyperbridge vault happens in a “decentralized, user directed manner,” adding that the process doesn’t involve Enjin’s apps or platforms and is fully managed by Hyperbridge smart contracts and relayers. The team said that once minted, the multitokens work just like any other token within the Enjin ecosystem, and noted that many games and platforms on Enjin Matrixchain already support NFTs and similar features. They added that the system is designed to maintain a 1:1 link between the original stablecoin and its multitoken version on Enjin. According to the team, both the locking and minting steps are publicly verifiable and can be audited. To get the original token back, users can burn their multitokens on Enjin, which triggers a reverse process to unlock the original asset. The new testnet support builds on Enjin’s broader push to grow adoption of its own blockchain, which launched in September 2023 as a custom network built on Polkadot’s Substrate framework. In December 2023, the team completed a major migration, moving 200 million NFTs to its mainnet to encourage usage of its network. The campaign allowed users to claim their assets on the Enjin Blockchain using an updated Enjin Wallet.

$SOONX just dropped a big hint, CEX listing locked for next Tuesday. They’re not naming it yet, but the signal is loud and clear: • Chain is live • Testnet is booming • And the listing is confirmed You might wanna watch the weekend price action closely, SOONIANS. Something major is loading. #SOONX

May 22, 2025 — In one of the largest and most alarming decentralized finance (DeFi) breaches this year, over $260 million was reportedly stolen from Cetus, a decentralized exchange (DEX) operating on the Sui blockchain network. The breach has raised significant concerns across the crypto industry, highlighting the persistent vulnerabilities that threaten even well-established blockchain platforms. According to official sources, $CETUS confirmed that $223 million was stolen during the attack. In a relatively successful damage-control effort, the platform was able to freeze $162 million of the stolen funds shortly after the incident was detected. While this has prevented further immediate losses, the hack still represents a major blow to trust in the security architecture of DeFi protocols. How the Attack Unfolded While full technical details are still under investigation, preliminary reports suggest that the hackers exploited a vulnerability in one of Cetus’s smart contracts. The exploit allowed unauthorized access to liquidity pools and resulted in the massive unauthorized transfer of funds. Cybersecurity experts and blockchain analysts are currently working with Cetus to trace the attackers’ movements and identify the breach point. What is $CETUS ? Cetus is a decentralized exchange (DEX) designed to offer fast, permissionless trading on the Sui blockchain, which is known for its performance-oriented architecture and low transaction fees. The platform had built a strong reputation in the DeFi community for its innovative liquidity solutions and user-friendly interface. Before the breach, it was regarded as a trusted venue for trading digital assets on the Sui chain. Industry Reaction and Investor Concerns The hack has triggered a wave of concern among DeFi investors and users, particularly those with funds locked in similar protocols. It once again spotlights the recurring issue of security in the decentralized ecosystem—an issue that has plagued DeFi platforms despite the industry's rapid growth and increasing institutional interest. Crypto analysts have emphasized the need for more rigorous smart contract audits, real-time monitoring systems, and insurance protocols to mitigate such risks in the future. A Pattern of High-Profile Hacks This latest incident adds to the growing list of large-scale DeFi exploits in recent years. From the Ronin Bridge attack in 2022 to the Poly Network breach, decentralized platforms have repeatedly fallen victim to technical loopholes and insufficient defense mechanisms. These recurring events are undermining user confidence and calling into question the readiness of DeFi for mainstream adoption. What’s Next for $CETUS ? Cetus has stated that it is fully cooperating with blockchain forensics firms and law enforcement agencies to recover the remaining stolen funds. The team is also planning a full technical audit and infrastructure overhaul to prevent similar incidents in the future. A compensation plan for affected users is reportedly under discussion. In a public statement, the $CETUS team reaffirmed its commitment to transparency and user safety, saying, “We are deeply sorry for the inconvenience and fear this may have caused. Our top priority is restoring user trust and platform integrity.”