Paul Ugbede Godwin

1 week ago | tekedia.com | Paul Ugbede Godwin

Following the $223M Cetus Protocol hack on May 22, 2025, caused by a flaw in Cetus’s math library not Sui’s blockchain or Move language, Sui Network allocated $10M to enhance ecosystem security. This includes funding for smart contract audits, expanded bug bounty programs, formal verification tools, and developer collaboration to strengthen decentralized applications (dApps). The initiative aims to shift toward shared accountability and prevent future exploits.

1 week ago | tekedia.com | Paul Ugbede Godwin

The Blockchain Group, a Paris-based company listed on Euronext Growth Paris (ticker: ALTBG) and recognized as Europe’s first Bitcoin Treasury Company, raised €63.3 million ($72 million) through convertible bond issuances to bolster its Bitcoin holdings. The issuance, executed via its Luxembourg subsidiary, The Blockchain Group Luxembourg SA, aims to acquire approximately 590 additional Bitcoin, increasing its total holdings to around 1,437 BTC.

1 week ago | tekedia.com | Paul Ugbede Godwin

Circle Internet Group, the issuer of the USDC stablecoin, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) on April 1, 2025, to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol “CRCL.” The IPO was launched on May 27, 2025, offering 24 million shares, with 9.6 million from Circle and 14.4 million from selling stockholders, at a price range of $24 to $26 per share.

1 week ago | tekedia.com | Paul Ugbede Godwin

Binance has introduced a “Live Trading” feature on its Binance Square platform, launched on May 26, 2025. This feature allows users to watch real-time livestreams of verified traders, follow their strategies, and execute Spot or Futures trades directly within the stream. It integrates market commentary, trade execution, and live video, enabling users to act on insights instantly via pinned strategy cards or a Strategy Tab that display trade details like trading pair, direction, and order size.

1 week ago | tekedia.com | Paul Ugbede Godwin

Germany’s DAX stock index surged to a record high of 24,161 points on May 27, 2025, marking a 21% increase since the start of the year. This rally was driven by U.S. President Donald Trump’s announcement on May 25, 2025, delaying 50% tariffs on EU goods until July 9, boosting investor confidence in export-heavy sectors like autos, machinery, and pharmaceuticals.