Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

On May 23rd, as reported by The Block, the hardware wallet manufacturer Ledger has launched a Solana-specific edition of its latest Ledger Flex device. This touchscreen wallet will have a Soulbound token pre-installed in it, and it may offer rewards in the future.

On May 22nd. According to The Block, the analysts at JPMorgan Chase stated that although there is a gradual progress in the US stablecoin regulatory framework, the market's expectation that the total supply of stablecoins will increase by three to four times from the current level of approximately $240 billion to close to a trillion dollars within the next one to two years is "overly optimistic." Among the two stablecoin bills proposed in the US, namely the Senate's GENIUS Act and the House's STABLE Act, the former currently enjoys more support. Just earlier this week, the Senate voted to move forward the GENIUS Act.

On May 22nd, FOX Business reporter Eleanor Terrett declared that French Hill, who is the Chair of the U.S. House Financial Services Committee, has arranged for the House cryptocurrency market structure bill to be considered on June 10th.

On May 22nd, according to official channels, Believe has announced that they are carrying out platform optimizations to enhance security and credibility. Here are the details: 1. Due to the substantial increase in non-project tokens, the release of projects on the X account @launchcoin will be temporarily halted. Developers can submit their projects through the official website, and all projects will be reviewed manually and released selectively. 2. The "Verified" label will replace the "Featured" label. This indicates that the project team has had basic communication with us and has demonstrated an attitude of integrity construction. Although this does not represent full approval, we will make our greatest efforts to conduct reviews. These adjustments will be implemented today and will continue to be iteratively optimized in the future.

On May 22nd, based on the monitoring of @ai_9684xtpa, trader James Wynn once more augmented his BTC long position, with a nominal value being approximately $720 million and a current unrealized profit of $15.68 million.

On May 22nd, Sui's official statement showed that "We have been informed that one of Cetus' smart contracts was attacked today, leading to a loss of approximately $223 million. After the incident, Cetus has suspended its smart contract to prevent further theft of funds. Cetus is working closely with other DeFi protocols, the Sui Foundation, and the validators of the Sui network to jointly protect the entire ecosystem. Many validators have already identified the addresses involved in the case and will reject transactions from these addresses until further notice. The Cetus team is actively exploring options for recovering funds and plans to return the stolen funds to the community. Cetus will release a comprehensive incident report. The Sui Foundation and the entire ecosystem will fully support Cetus in responding to this incident."