The website of Curve Finance, a major decentralized finance (DeFi) protocol, has reportedly been hacked.
The team posted an urgent alert on X (formerly Twitter), advising users not to interact with the platform. While details remain vague, the protocol has potentially suffered a DNS hijack.
Curve Finance Hacked – What We Know So Far
The incident has reportedly impacted multiple DeFi projects. Convex Finance and Resupply, both of which rely on Curve’s data feeds, reported outages and functionality issues.
Both teams confirmed their own platforms remain secure, but dependent services are disrupted until Curve’s domain is restored.
Convex’s website uses data from Curve, and Curve’s domain name is currently suffering an attack. As a result, this data is currently unavailable, which negatively impacts most of Convex’s website. Convex’s website is safe but will not work correctly until Curve’s domain name… https://t.co/d4npGmMgyn
DNS hijacking is a type of cyberattack where attackers manipulate the Domain Name System to redirect users to malicious sites. In this case, attackers could trick users into interacting with fraudulent versions of Curve’s platform.
Security experts and users have flagged this as a strong reminder of the risks associated with DeFi frontends. Unlike decentralized smart contracts, web frontends remain vulnerable to traditional attacks such as DNS hijacking.
Projects linked to Curve, including Convex, have emphasized that while their backends are unaffected, users should avoid signing transactions or interacting with dApps tied to Curve during this period.
While all smart contracts are safe, the domain name points to a malicious site which can drain your wallet!
We are investigating and working on recovering the access.
Curve Finance said it is working with affected partners to resolve the issue. As the investigation continues, further updates are expected.
This situation highlights the need for DeFi protocols to focus more heavily on frontend security. Recent DeFi hacks reflect that the front end remains an exposed vector despite decentralized architectures.
Sui Network (SUI) has hit a new milestone, with its total value locked (TVL) surging to new highs of over $2.1 billion.
This explosive growth is due to strong stablecoin inflows and heightened market momentum fueled by its recent partnership with tech giant Microsoft.
Sui TVL Reaches $2.1 Billion, What Is Driving The Surge?
Data on DefiLlama shows Sui TVL stood at $2.107 billion as of this writing. It is up by over 104% since its yearly lows of $1.031 billion recorded in March, with the growth signaling increasing user participation, market confidence, protocol growth, and liquidity.
In the same way, data on Artemis shows that on Tuesday, the Sui Network led all blockchains in stablecoin inflows over the past 24 hours. Specifically, the total stablecoin supply on the network exceeded the $1 billion mark.
“Sui Network tops the charts with $148 million net stablecoin inflows in the past 24hrs,” wrote Adeniyi Abiodun, Mysten Labs co-founder and CPO, in a Tuesday post.
Sui blockchain led stablecoin flows on May 20. Source: Adeniyi on X
Mysten Labs is the creator of the Sui blockchain, a Layer 1 platform focused on high throughput and low latency.
Meanwhile, the volume of weekly decentralized exchange (DEX) has also reached new highs. This suggests a sharp uptick in user activity and liquidity across the Sui ecosystem.
“Sui hits new all-time high in weekly DEX volume,” on-chain analyst ToreroRomero observed in a post.
A broader narrative of enterprise adoption underpins this bullish market structure. During Microsoft’s Build conference, Sui was named one of the first blockchains to integrate with Microsoft Fabric via data indexing platform Space and Time.
Sui Integrates with Microsoft Fabric
This integration enables Microsoft’s vast developer ecosystem to access Sui’s full-chain history in real-time. The move paves the way for a new wave of institutional-grade blockchain applications.
“Just announced at MSBuild: Space and Time indexed blockchain data will be integrated with Microsoft Fabric. As part of the integration, Microsoft developers will be able to access Space and Time indexed data from Bitcoin, Sui Network, and Ethereum through Fabric,” said Space and Time in a statement.
MySten Labs executive Adeniyi Abiodun emphasized the long-term vision, projecting Sui blockchain’s growth in the next five years.
“Mark my words, by 2030, in-game ownership will be baked into every major game out there and Sui Network will be the backbone making it all happen,” Abiodun predicted.
Technical market signals also reflect the bullish fundamentals. According to Rose Premium Signals, SUI’s price action remains strong despite a current pullback.
“Sui is holding its Inverse Head & Shoulders breakout. After breaking the neckline around $3.65–$3.75, the price pushed up to $3.94 and is now pulling back, retesting the breakout zone….Targets remain: 1st Target: $4.76, 2nd Target: $5.67. Holding above $3.65–$3.70 confirms strength,” they wrote on X.
At the time of writing, SUI is trading around $3.87, down by 0.22% in the last 24 hours. According to the analysts, however, a drop below $3.60 could invalidate the pattern, but for now, sentiment remains decisively positive.
Investor interest in Sui continues to grow, with notable figures such as macro investor Raoul Pal stating that over 70% of his portfolio is currently allocated to Sui.
Here’s my recent talk at Sui Basecamp in Dubai—Enjoy!
00:00 – PALvatar introduces the episode 01:04 – Reframing the macro fear narrative 01:26 – The Everything Code and liquidity 01:51 – Debt cycles and macro structure 02:10 – Demographics, debt, and GDP 02:38 – Aging… pic.twitter.com/iIBHkW6d2O
Bitcoin, the pioneering cryptocurrency, has reshaped how people worldwide perceive finance and money. However, as technology advances and external factors evolve, Bitcoin faces structural challenges that could impact its future existence and growth.
A recent discussion among industry leaders highlighted major risks that could pose a black swan event for Bitcoin’s future.
What Is the Biggest Threat to Bitcoin?
Lyn Alden, founder of Lyn Alden Investment, recently asked, “What is the biggest structural risk to Bitcoin in the next 5-10 years?” This question sparked significant attention and responses from investors, experts, and industry leaders, shedding light on pressing concerns.
One of the most frequently mentioned risks is the threat posed by quantum computing. Nic Carter, general partner at Castle Island Ventures, responded concisely: “Quantum.” His answer received widespread agreement.
“I increasingly agree. That was the catalyst for my thread/question, tbh,” Lyn Alden replied to Nic Carter.
Future quantum computers could break the encryption algorithms securing Bitcoin, such as the Elliptic Curve Digital Signature Algorithm (ECDSA), which safeguards Bitcoin wallets. If a sufficiently powerful quantum computer emerges, it could forge digital signatures, allowing attackers to steal Bitcoin from any wallet with an exposed public key.
According to research by River, a quantum computer with 1 million qubits could crack a Bitcoin address. Microsoft has claimed that its new chip, named Majorana, is paving the way toward this milestone. This raises an urgent question: how much time does Bitcoin have before it must become quantum-resistant?
While the quantum computing threat is apparent, some argue that a more immediate challenge is whether the Bitcoin community can reach a consensus and implement quantum-resistant solutions in time.
“That’d be not coming to a consensus fast enough on the implementation of a quantum-resistant hashing algorithm,” Stillbigjosh, a former cybersecurity expert at Flutterwave, commented.
However, the founder of BlockTower, Ari Paul, pointed out that Bitcoin’s network faces a more immediate risk as attack costs have dropped significantly.
“Someone shorting 10%+ of BTC’s market cap then spending ~1/10th that to gain 51% control of hash power and mining empty blocks indefinitely, effectively turning off the network. Could fork the PoW algo, but just means the attack on the new network now costs <1/1000th the previous one,” Ari Paul noted.
The Risk of Conflict Between Bitcoin’s Decentralized Nature and Regulatory Oversight
Beyond technical challenges, some investors fear that government and institutional involvement will be Bitcoin’s biggest risk in the next 5-10 years.
“Government and institutional involvement changing the incentives of everything,” Investor Shinobi commented.
Bitcoin Holdings by Governments, Corporations, and Financial Institutions. Source: BitcoinTreasuries
Data from BitcoinTreasuries shows that over the past five years, Bitcoin holdings by private companies, public companies, governments, and ETFs have surged more than 12 times, from 210,000 BTC to over 2.6 million BTC. As a result, regulatory intervention could introduce legal pressures or unwanted changes to Bitcoin’s fundamental operations.
“The biggest structural risk is the friction between Bitcoin’s decentralized ethos and the increasing push for centralized regulatory oversight. In essence, as governments and large institutions tighten control and enforce compliance, the network might be forced to compromise on its core principle,” Investor MisterSpread warned.
The discussion sparked by Lyn Alden’s question suggests risks that could trigger black swan events for Bitcoin. It also reflects the growing awareness among industry leaders and investors about Bitcoin’s systemic risks in an era increasingly shaped by political stability and artificial intelligence.
Pump.fun (PUMP) recently completed a successful ICO, and its valuation reached $4 billion. However, this valuation has sparked significant skepticism regarding its legitimacy.
According to the analysis, the PUMP token lacks economic benefits. It primarily relies on brand hype, leading many to view it as the team’s cash grab rather than a platform-building effort.
Downside of PUMP’s ICO
In a recent report, BitMart Research points out that Pump.fun, despite once being an industry leader, is facing serious doubts about its $4 billion valuation, especially as market share declines and competition intensifies.
The report highlights that the PUMP token lacks governance rights, revenue sharing, or practical utility, relying solely on brand momentum to sustain value. This weakness has investors questioning its sustainability.
X account, TheCryptoProfes, said that Pump.fun reserved $800 million in tokens for the team, equivalent to 20% of the total supply. This significant team allocation could lead to substantial selling pressure, threatening liquidity and investor confidence.
“They are paying themselves $800m… this is the BIGGEST team allocation I have ever seen on a presale, at the highest ever launch valuation. (Data on ICO Drops)” TheCryptoProfes commented.
Meanwhile, new competitors, particularly LetsBonk, threaten Pump.fun’s market share. LetsBonk surpassed Pump.fun with 16,797 meme coins launched in July 2025. While still in a leading position, PUMP’s high-risk token model has raised doubts about its long-term sustainability.
Comparison of Pump.fun with Other Competitors. Source: BitMart
In terms of tokenomics structure, the platform’s token has no built-in economic rights. Pump.fun’s team has clarified that the token’s sole function is to promote the platform.
According to BitMart, this lack of value means PUMP is essentially a “narrative-only asset.” This discourages holders from maintaining a long-term commitment, weakening their connection to the platform.
Despite this, Pump.fun’s strong brand remains a key advantage. Many main exchanges, including Coinbase and Binance, have announced their support for PUMP. However, without improvements to its tokenomics, Pump.fun risks repeating the failures of past projects.
