Alex Harutunian

Sui's leading DEX, Cetus Protocol, was exploited for over $220M, exposing critical weaknesses in DeFi infrastructure. The network's response—freezing funds—helped limit damage but raised serious concerns about decentralization and the true immutability of blockchain protocols

TONSWAP is a new DEX and launchpad planned on the TON blockchain, aiming to fix poor UX and low liquidity in TON DeFi. With Telegram integration, $100M projected funding, and a meme-savvy brand, it positions itself as the ecosystem’s go-to trading hub with seamless access and deep liquidity.

THORChain, a cross-chain decentralized exchange, faced solvency issues caused by its DeFi services. Imbalances between deposits of bitcoin and other assets created a net short position for the protocol that worsened in the bull market. The protocol had to issue rescue tokens to cover the gap

Reserve Bank of New Zealand study reveals consumers' worries, India's Reserve Bank Governor speaks about the digital rupee progress, while Fiji abandons CBDC plans

Despite PayPal’s dominant position in the payments business, its stablecoin project, PYUSD, has stalled. Numerous integrations have not managed to attract users. The company is now subsidizing the stablecoin’s yield on DeFi platforms. Can this become a standard feature of private money?

Together with Bitcoin issue contraction, we now have another data protocol on top of Bitcoin, that tries to extend the use of the number one blockchain. Like Ordinals and BRC-20 tokens, Runes protocol creates new digital assets by writing into the data storage of bitcoin tokens.

A new currency for Zimbabwe plus the rest of the week's banking and CBDC news from Observers.

For all the key details of new blockchain projects in the banking world, real-world asset (RWA) tokenization, stablecoins, and central bank digital currency (CBDC) updates, the Observers 'Banking and CBDC Roundup' has you covered. This week HSBC pushed the adoption of tokenized RWA forward by opening its gold