A feat of $ 200 million targeting Cetus, a decentralized exchange on the SUP network, has rekindled a debate on decentralization in blockchain protocols after the Validators SU has collectively frozen $ 162 million in stolen funds.
Some defenders of decentralization called Foul, criticizing the ability of the suis validators to suspend fund transfers on the blockchain as a sign of centralization. Other investors have applauded the rapid response and coordination against attackers.
Industry observers are now waiting for Cetus to launch its recovery roadmap after the SUD governance vote for the return of the 162 million frozen dollars was adopted on May 29.
The SUD community adopts a vote to reimburse $ 162 million to the victims of Cetus exploits
The Validators SU has approved a governance proposal to return $ 162 million in frozen assets linked to a recent feat of decentralized Cetus exchange, marking a key step towards full reimbursement of users.
Cetus was operated for more than $ 220 million in digital assets on May 22, but the validators managed to freeze $ 162 million from funds shortly after the incident.
During a governance vote concluded on May 29, Suis Validators adopted the recovery proposal with 90.9% in favor, 1.5% of the abstension and 7.2% not participating, according to the official governance page of the network.
“With this result, the affected funds will be moved to a multisig portfolio and held in a trust until they can be returned to users according to the plan led by Cetus,” said Suit in a position on May 29.
The decision follows a debate within the cryptographic community on the role of the validators in the freezing of the Ontchain funds.
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No more eTh discharges? The Ethereum Foundation turns to Defi for money
The Ethereum Foundation (EF) borrowed $ 2 million in GHO, a decentralized stablecoin developed by AAVE, in a movement signaling a more in -depth commitment with decentralized financing strategies (DEFI).
In a position of May 29, the founder of Aave Stani Kulechov said that the foundation had borrowed $ 2 million in Gho tokens. “The EF not only provides ETH to Aave, but also to borrow from Aave,” wrote Kulechov, describing development as “the complete circle of challenge”.
The GHO is a stablecoin of decentralization and overleteralized from the Aave protocol. Unlike the centralized stables, the GHO is governed by the Decentralized Autonomous Organization of Aave (DAO), which oversees interest rates, collateral requirements and the selection of facilitators.
This decision highlights the growing commitment of the EF with the DEFI ecosystem, evolving towards more sophisticated cash strategies.
The Foundation did not immediately respond to a request for comments.
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The hyperliquid merchant James Wynn goes “all-in” on 1.25 billion dollars long-bitcoin
The well -known hyperliquid merchant James Wynn has increased his Bitcoin Bitcoin 40x at $ 1.25 billion after closing his PEPE position for a profit of 25.2 million dollars.
On May 24, Lookonchain indicated that Wynn had taken a position of 11,588 BTC with an average entry price of $ 108,243 and a liquidation level of $ 105,100.
This decision occurred a few hours after Wynn left his ether (ETH) and sui (sui) to a loss of $ 5.3 million. At the time, he used the procedure to double Bitcoin (BTC), increasing his position to 11,070 BTC.
Wynn started its long bitcoin position with $ 830 million on May 21, reducing $ 400 million in profits on the same day. On May 22, he increased the job to $ 1.1 billion, having a high lever effect while BTC crossed $ 110,000 and earned $ 39 million on paper. He then sold 540 BTC for $ 60 million, obtaining a profit of 1.5 million dollars.
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Decentralized AI could be “greater than Bitcoin” – the CEO of the DNA Chris Miglino Fund
Some of the first blockchain’s first adopters are now deeply “enracing” in a decentralized AI, with ecosystems like Bittenseur (TAO) emerging as growth engines. These platforms are reshaping traditional venture capital models, allowing the best ideas to attract support, to mark out and liquidity of the community organically without the need for institutional guards.
It was one of the main points to remember from the interview with Cintelegraph with Chris Miglino, co-founder and CEO of DNA Fund, a digital asset investment company that he heads alongside his colleagues in series Brock Peirce and Scott Walker.
The DNA fund manages, among other things, five separate funds in a range of strategies, such as a high -performance fund, an algorithmic negotiation fund, an AI calculation fund, a liquid token fund and a venture capital fund – serving both the company and the capital of investors.
Miglino, who welcomed Cointelegraph during a DNA House event at the Consensual Conference in Toronto, Canada, was particularly enthusiastic about the company’s AI calculation fund.
“The most important thing we work in the whole ecosystem is our AI calculation fund, where we have been rooted in the TAO ecosystem,” said Miglino, referring to Bittensor, a decentralized machine learning network.
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Telecommunications decentralization benefits small businesses and telecommunications – Web3 Exec
The decentralization of telecommunications networks benefits financially on small businesses and telecommunications companies, according to Frank Mong, the chief of the Nova Labs, the founding team behind the Decentralized Physical Helium Wireless Infrastructure Network.
In an interview with Cointtelegraph at the 2025 consensus in Toronto, Mong said that small businesses, including bars, restaurants, convenience stores and other local operators, can generate income by hosting wireless hot spots and widening network coverage.
Large telecommunications companies and service providers can also use the telemetry of the helium network to reduce operational costs and extend network coverage in dead areas.
“It costs about $ 300,000 for a telecommunications company to represent a tower; you need one per block so that 5G works effectively,” Mong said at Cointelegraph, adding:
“Instead of doing it and making telephone plans more expensive, what happens if someone with a useful WiFi network shares this wifi and allows it, not just anyone to use it safely, but allows large companies like AT&T to see the telemetry of this network.”
Decentralized physical infrastructure networks continue to be examples of how blockchain technologies can provide real value and make existing infrastructure more resilient to breakdowns, disturbances, censorship and critical failure.
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Presentation of the DEFI market
According to Cointelegraph Markets Pro and TradingView data, most of the 100 largest cryptocurrencies by market capitalization ended the week in the red.
The popular same fartcoin (Fartcoin) fell by more than 28% as the biggest loser of the week in the Top 100, followed by the Penguins token (PEGGU), more than 23% on the weekly graphic.
Thank you for reading our summary of the most impactful DEFI developments this week. Join us next Friday for more stories, information and education concerning this dynamically advanced space.
