In a significant development in the recent Cetus hack, the Sui liquidity provider has successfully transferred about $160 million in stolen funds to a multisig trust wallet, following approval from an on-chain vote. The funds were moved to a secure wallet jointly managed by Cetus, the Sui Foundation, and OtterSec, marking a crucial step in the recovery process. Cetus Hack Fund Recovery Plan Advances, Enters Next Phase Earlier today, Sui blockchain’s liquidity protocol Cetus shared an X post, drawing the community’s attention to the progress in the Cetus hack fund recovery. Reportedly, the protocol, in collaboration with the Sui Foundation and OtterSec, has moved the isolated funds on the Sui network to a secured wallet. Cetus has now entered the next phase of recovery, following the successful transfer of funds. The platform stated, With the funds secured, Cetus has officially entered the next phase of the recovery process. Our team… Read More at Coingape.com
South Korean crypto exchange Bithumb announced a corporate restructuring, set to complete by July 31, 2025. The company will spin off non-exchange businesses into a new entity called “Bithumb A” to reduce risks and boost efficiency. This move is part of Bithumb’s preparation for its planned IPO, which could take place in the Korean market or on Nasdaq. Last year, Bithumb reported a net profit of $110 million, a 560% increase from the previous year.
The post Bithumb Restructures Ahead of IPO, Plans to Spin Off Non-Exchange Units appeared first on Coinpedia Fintech News
South Korean crypto exchange Bithumb announced a corporate restructuring, set to complete by July 31, 2025. The company will spin off non-exchange businesses into a new entity called “Bithumb A” to reduce risks and boost efficiency. This move is part of Bithumb’s preparation for its planned IPO, which could take place in the Korean market …
Coinbase SOL Updates:- In a good news for the crypto users and investors, Coinbase has announced the much anticipated upgrade in its Solana infrastructure.
These updates are particularly soothing to the users who had faced significant struggles on Coinbase exchange and its wallet during January.
While announcing the upgrades, the exchange said that it has been working very hard to scale its Solana infrastructure since then.
Notably, Solana’s memecoin trading-driven surge has pushed the exchange’s Solana stack to ten times higher than its actual throughout.
What are the new Upgrades in Coinbase Solana Infra?
In early 2025, Coinbase users took to social media to vent our their frustration in the exchange’s long transactions time for Solana.
A user had reportedly said that two transactions from a Solana wallet to coinbase took him more 10 hrs – to get completed.
Now in order to solve this, Coinbase as part of its new updates has shifted to asynchronous transaction handling.
This means that its systems can now process transactions blocks in parallel. Previously, transaction blocks were processed sequentially, which created bottlenecks under heavy load.
According to the largest US exchange’s X post, this will improve its block processing throughput by 5 times.
This change alone is expected to slash wait times for transaction confirmations. This means that high‑volume periods will no longer compromise user experience or liquidity flows.
Coinbase Shifts to Bare‑Metal Machines and Enhance liquidity
In addition to software tweaks, Coinbase has migrated critical components of its Solana stack onto dedicated bare‑metal servers rather than virtualized cloud instances.
Virtual machines (VMs) run on top of something called a hypervisor, which is like a middleman between the software and the actual computer. This middleman uses up some of the computer’s power (CPU and memory), which can slow things down.
But the newly adopted bare-metal servers skip that middleman. According to IBM, they let the software run directly on the hardware, so Coinbase’s systems can use 100% of the server’s power.
In simple terms, this means faster processing, quicker responses from the system, and smoother handling of Solana transactions.
According to the exchange, this shift can deliver roughly a four‑fold improvement in remote procedure call (RPC) speed – allowing faster queries and state reads on the Solana ledger.
Further, Coinbase has also deployed back‑end optimizations to ensure better distribution of SOL liquidity across its order books and custody wallets. Its enhanced monitoring tools would now track on‑chain and off‑chain liquidity metrics.
These “operational changes” would give Coinbase’s operations team finer‑grained oversight to prevent order execution delays and maintain deep, frictionless liquidity for Solana assets.
Further, these updates to the exchange’s Solana ecosystem come as Canada approves and launches first Spot Solana ETFs this week.
Upgrade for Transaction Failures
To bolster resilience, the exchange has also introduced advanced failover augmentations. This will automatically reroute traffic in the event of node failures or network congestion.
The upgrade implements multi‑region redundancy and health‑check protocols that detect performance degradation in real time.
If a node underperforms or becomes unresponsive, traffic would immediately shifts to healthy nodes without manual intervention. This will help in guarding users against partial outages or cascading failures that have previously led to stalled transactions.
Bullish Market Reaction
News of the Coinbase Solana infrastructure improvements has already created ripple effects across the Solana markets.
As of writing, SOL’s price has climbed by 6% to its highest level in April – trading around $136 – today. This has ended up outperforming many top cryptocurrencies – XRP, BTC, ETH – as investors viewed the upgrades as a bullish signal for on‑chain activity and exchange confidence.
Notably, SOL Price is also driven by the Solana ETF approval in Canada.
SOL Price Today | Source: Coingecko
The upgrades become all the more important as Solana’s on‑chain trading continues to grow.
Particularly driven by the memecoin trading volume, its current state stands at over $15 billion in DEX transactions during the past seven days alone. Surprisingly, this has surpassed every other chain in this time frame.
(@Shiba_King1991) 
