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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
05/24/2025

Web3 Weekly: Last Week's Headlines — Trump, Stablecoins, Hyperliquid, and the Sui Hack

Last week, the Web3 world saw a series of major events that shook the global crypto community — from crypto-friendly politicians and stablecoin regulation frameworks, to a red-hot DeFi project and a serious exploit on the Sui ecosystem. Here's a rundown of the hottest stories you can't miss 🔥 1️⃣ Trump and His Billion-Dollar Crypto Empire 🇺🇸💰 Former U.S. President Donald Trump is cementing his position in the Web3 world with growing momentum. * His NFT collection has surpassed

Web3 Weekly: Last Week's Headlines — Trump, Stablecoins, Hyperliquid, and the Sui Hack

Last week, the Web3 world saw a series of major events that shook the global crypto community — from crypto-friendly politicians and stablecoin regulation frameworks, to a red-hot DeFi project and a serious exploit on the Sui ecosystem. Here's a rundown of the hottest stories you can't miss 🔥

1️⃣ Trump and His Billion-Dollar Crypto Empire 🇺🇸💰

Former U.S. President Donald Trump is cementing his position in the Web3 world with growing momentum.

  • His NFT collection has surpassed $500 million in total trading volume.
  • Truth Social, the social media platform in which he holds a stake, currently carries an estimated market cap of $2.9 billion.
  • Ahead of a potential return to the presidential race, Trump is quietly backing crypto while criticizing CBDCs — a stance that has split the U.S. crypto community into opposing camps.

👉 #Trump #CryptoNews #NFT

2️⃣ Stablecoins Go Legit 🌐🪙

This week, both Hong Kong and the U.S. made bold regulatory moves:

  • 🇭🇰 Hong Kong passed the world's first stablecoin law, paving the way for licensed and regulated stablecoins.
  • 🇺🇸 In the U.S., lawmakers pushed forward the GENIUS Act, legislation designed to regulate USD-pegged stablecoins.
  • Frax Finance — already known for its high compliance standards — is expected to be a major beneficiary of this wave of legalization.

👉 #Stablecoin #CryptoPolicy #Frax

3️⃣ Hyperliquid and the HYPE Explosion 🚀📈

Hyperliquid, a decentralized Perp DEX with no governance token, officially launched its $HYPE token.

  • HYPE's price surged past $30, with a fully diluted valuation (FDV) exceeding $29 billion — breaking into the top 10 largest DeFi projects.
  • Despite questions around its decentralization, user numbers and liquidity have continued to grow rapidly.

👉 #Hyperliquid #HYPE #DeFi

4️⃣ The Cetus Hack Rocks the Sui Ecosystem 💥🐳

Decentralized exchange Cetus on the Sui blockchain was hit by a pricing vulnerability exploit, resulting in losses exceeding $260 million.

  • Fortunately, Sui validators managed to freeze $160 million in time, though the move raised fresh concerns about the degree of centralization in the network.
  • The CETUS token price dropped more than 40% in the aftermath.

👉 #Cetus #Sui #Web3Security

Conclusion 🔍

As the Web3 landscape continues to take shape, the intersection of politics, regulation, and technology is becoming increasingly hard to ignore. Both investors and builders need to pay close attention to these shifts in order to seize opportunities and manage risk.