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WalletConnect Token Expands to Solana and Will Airdrop 5 Million WCT Following the launch of Ethereum and Optimism's OP mainnet, WalletConnect's WCT token has been launched on Solana, and the WalletConnect Foundation will airdrop 5 million WCT to active Solana users through partners such as Phantom, Jupiter, Backpack, and Solflare. Founder and director Pedro Gomes said that the 5 million tokens are part of the 185 million WCT airdrop that the foundation reserved last September. The foundation said that this will be the second large-scale WCT airdrop after the 50 million tokens distributed to the WalletConnect community in the first quarter of November last year. Solana users' airdrop claims will be open this summer, and the eligibility criteria, distribution schedule, and claim instructions will be announced in the coming weeks. WCT is currently trading at around $0.60, and the airdrop is worth about $3 million at current values.

Cetus Protocol is the largest decentralized exchange (DEX) on the Sui blockchain, offering capital-efficient trading through concentrated liquidity pools. On May 22, 2025, Cetus was exploited for $260 million in one of the biggest DeFi attacks this year. The attacker used spoofed tokens—fake tokens posing as legitimate assets—to manipulate liquidity pools. By exploiting weaknesses in token verification, the attacker tricked the protocol into swapping real funds for fake ones, siphoning off massive liquidity in minutes. Sui Network and the Sui Foundation quickly responded to the crisis. In partnership with Inca Digital, they backed a $5 million bounty for any information leading to the identification and arrest of the attacker(s). "Our priority remains protecting the community and supporting a positive resolution," Sui Network posted on X. So far, the attacker has not responded, and no arrests have been made. But the bounty remains active, and the investigation is ongoing. Following the hack, SUI is now trading at approximately $3.68 , down about 5.5% in the last 24 hours. The drop reflects shaken investor confidence and renewed fears around DeFi safety, despite Sui’s core infrastructure remaining intact. SUI is testing psychological support at $3.60–$3.50. RSI near 40 suggests moderate bearish momentum with room for recovery. Volume spikes hint at both fear-driven exits and strategic accumulation. Despite short-term pain, SUI’s long-term fundamentals remain solid: Ongoing ecosystem development and institutional support. Strong DeFi adoption—although now under review. Immediate transparency and proactive communication by the Sui Foundation. Bullish Case: If sentiment stabilises and a resolution emerges, SUI could rebound toward $4.20–$4.50 in the coming weeks. Bearish Case: If no progress is made on fund recovery and community distrust escalates, SUI may dip to $3.20, with $2.80 as a critical long-term support. While the Sui protocol itself wasn’t breached, the exploit highlights urgent needs in the ecosystem: The Sui Foundation’s rapid response, combined with financial support and public transparency, could help turn this crisis into a learning opportunity—paving the way for tighter security and greater long-term trust. Cetus Protocol is the largest decentralized exchange (DEX) on the Sui blockchain, offering capital-efficient trading through concentrated liquidity pools. On May 22, 2025, Cetus was exploited for $260 million in one of the biggest DeFi attacks this year. The attacker used spoofed tokens—fake tokens posing as legitimate assets—to manipulate liquidity pools. By exploiting weaknesses in token verification, the attacker tricked the protocol into swapping real funds for fake ones, siphoning off massive liquidity in minutes. Sui Network and the Sui Foundation quickly responded to the crisis. In partnership with Inca Digital, they backed a $5 million bounty for any information leading to the identification and arrest of the attacker(s). "Our priority remains protecting the community and supporting a positive resolution," Sui Network posted on X. So far, the attacker has not responded, and no arrests have been made. But the bounty remains active, and the investigation is ongoing. Following the hack, SUI is now trading at approximately $3.68 , down about 5.5% in the last 24 hours. The drop reflects shaken investor confidence and renewed fears around DeFi safety, despite Sui’s core infrastructure remaining intact. SUI is testing psychological support at $3.60–$3.50. RSI near 40 suggests moderate bearish momentum with room for recovery. Volume spikes hint at both fear-driven exits and strategic accumulation. Despite short-term pain, SUI’s long-term fundamentals remain solid: Ongoing ecosystem development and institutional support. Strong DeFi adoption—although now under review. Immediate transparency and proactive communication by the Sui Foundation. Bullish Case: If sentiment stabilises and a resolution emerges, SUI could rebound toward $4.20–$4.50 in the coming weeks. Bearish Case: If no progress is made on fund recovery and community distrust escalates, SUI may dip to $3.20, with $2.80 as a critical long-term support. While the Sui protocol itself wasn’t breached, the exploit highlights urgent needs in the ecosystem: The Sui Foundation’s rapid response, combined with financial support and public transparency, could help turn this crisis into a learning opportunity—paving the way for tighter security and greater long-term trust.

Venom Foundation’s crypto spiked after a successful closed-network test, revealing significant throughput. Scalable blockchain Venom claims that it can handle more throughput than Solana. On Friday, May 23, the Venom Foundation announced a successful closed-network beta test. Specifically, the network achieved 150K transactions per second, more than Solana’s theoretical limit of 65K TPS. For the Venom Foundation, this is a key step ahead of its mainnet launch, set for the third quarter of 2025. According to the foundation, this would make Venom one of the blockchains with the highest throughput out there. For instance, Solana advertises a theoretical limit of 64,000 TPS, while the payment giant Visa can support 24,000 TPS. Following the successful test, Venom’s token spiked 2%, reaching a daily high of $0.1031. According to the Venom Foundation, the goal of this stress test was to ensure that the blockchain is ready for enterprise use cases in DeFi. This includes payment providers, crypto exchanges, and games, among other DeFi users. Specifically, these are the types of platforms that require a reliable and scalable blockchain that doesn’t break down under network stress. “Throughput only matters if it can remain reliable under pressure,” said Christopher Louis, Chief Executive Officer at Venom. “Our new stack can handle enterprise‑scale workloads without spiking fees or compromising decentralization, which is exactly what payment providers, exchanges, and game studios need.” Venom uses directed acyclic graph technology, which is different than traditional blockchains, which record transactions sequentially one after another. Unlike blockchains, transactions can be confirmed in parallel, as long as they don’t conflict with each other. Based in Abu Dhabi and registered in the Cayman Islands, Venom Foundation is a non-profit supporting the development of its layer-1 blockchain. Their focus is on building a scalable blockchain for DeFi use cases.

#Bombie airdrop delays have left players frustrated. The team missed Q1 targets, and there's no new timeline. What's next for the BOMB token? 🧐

EXCLUSIVE: WalletConnect token expands to Solana with 5 million WCT set for airdrop