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

May 24 — A potential memorandum of understanding (MOU) between Iran and the United States would see Washington lift sanctions on Iranian oil, Iran’s Tasnim news agency reports. The MOU stresses ending all conflicts across all fronts, including Lebanon. It calls on Israel to halt its war in Lebanon, sets a 30-day deadline for resolving procedures related to the Strait of Hormuz and lifting the blockade. A 60-day timeline will also be established for nuclear negotiations; to date, Iran has not taken any action related to its nuclear program.

May 24 — Tasnim News Agency, Iran says if Iran strikes a deal with the U.S., the situation in the Strait of Hormuz will not return to its pre-war state, and the number of ships transiting the strategic waterway will rebound to pre-war levels within 30 days.

May 24 — In response to a New York Times report alleging that “Trump has exempted Israel from any obligations under the Iran deal,” Iran’s Fars News Agency is pushing back, calling the claim entirely unfounded. According to the explicit terms of the finalized agreement, once it takes effect, the U.S. and its allies will commit to never attacking Iran or its partners. In return, Iran has pledged that it and its allies will not carry out preemptive military strikes against the U.S. or its allies. The media’s assertion that Israel has been exempted from any obligations toward Iran directly contradicts the clear language of the final agreement and is inaccurate.

May 24 — Renowned journalist Nick Sortor reports that the individual involved in the gun incident near the White House has been identified as 21-year-old Nasire Best. Authorities confirm Best had a history of multiple attempts to breach the White House, including an arrest in July 2025. Following that arrest, he was ordered to complete mandatory mental health treatment, publicly claimed to be Jesus Christ, and was subject to a pre-existing restraining order.

May 24: Bankr developer @0xDeployer announced plans to launch the Bankr Fund, which will allocate real capital to top-tier projects within the Bankr ecosystem. The fund’s first investment is expected to take place in the coming weeks. Recently, several high-quality AI projects in the Base ecosystem have released tokens via the Bankr platform. Projects such as LFI and GITLAWB have quickly gained market recognition, with each boasting a market capitalization exceeding $20 million.

On May 24, stablecoin issuer StablR suffered a sustained attack that caused its euro-pegged EURR and dollar-pegged USDR to lose their pegs. Blockchain security firm Blockaid reports the attacker allegedly seized control by compromising one private key for the minting multisig account, replacing other admins via the protocol’s 1-of-3 signature setup, then minted an extra 8.35 million USDR and 4.5 million EURR. The attacker subsequently swapped roughly $10.4 million worth of the ill-gotten tokens on a decentralized exchange (DEX) for approximately 1,115 ETH, pocketing an estimated $2.8 million in profit. In the wake of the breach, EURR slumped to around $0.88, while USDR fell to roughly $0.70. Blockaid clarified the incident wasn’t due to a smart contract vulnerability – instead, it resulted from failures in key management and governance processes.