Today in crypto, the decentralized exchange (DEX) Cetus on the Sui blockchain is suspected to have been exploited, potentially draining over $200 million in digital assets. Reports have emerged from users and Web3 researchers indicating a significant loss in asset value, with $63 million already bridged to Ethereum. As of now, the DEX has processed $2.9 billion in transactions on May 22. Meanwhile, Bitcoin has surpassed $110,000 for the first time, peaking at nearly $112,000, amidst recent market turbulence caused by a weak bond auction. Bitcoin's rise has been attributed to institutional interest and regulatory clarity. Additionally, the Texas House passed a Bitcoin reserve bill by a vote of 101-42, which will establish a state-managed Bitcoin reserve, signaling a progressive step for cryptocurrency regulation in the state.

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