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Decentralized

Aptos Labs and Jump Crypto launch decentralized hot storage network
NFT Gaming

Aptos Labs and Jump Crypto launch decentralized hot storage network

by admin June 25, 2025



Aptos Labs and Jump Crypto are teaming up to launch a new decentralized hot storage network dubbed ‘Shelby.’

In an announcement posted on X, the Aptos Labs team said Shelby will be web3’s first cloud-grade infrastructure and will offer access to decentralized, monetizable storage for data-rich applications. 

Shelby is designed to tap into Aptos (APT) to address the gap in existing decentralized infrastructure protocols, with its chain-agnostic architecture offering sub-second reads. Apart from millisecond settlement, Shelby ensures ease of access and monetization.

On why they are building the new cloud-grade storage protocol, Jump Crypto wrote on X:

“While blockchains today have mostly solved the ability to execute code, they cannot access large datasets. More importantly, they cannot SERVE large datasets at scale and speed. Hence, we are building Shelby.” 

web3’s value creation engine

Shelby will power real-time web3 applications, with notable use cases including streaming, artificial intelligence inference, composable in-game assets, social dynamic NFTs, and decentralized physical infrastructure networks.

“There is a large opportunity to unbundle large parts of the AWS bundle,” said Kyle Samani, managing partner at Multicoin Capital. “Ambitious swing here,” he added on X.

Early contributors and collaborators include Metaplex, an NFT platform on Solana (SOL), Pipe Network, a decentralized content delivery network on Solana, and Story, the world’s IP blockchain. Others include Myco, DoubleZero, and Flashback Labs, across streaming, infra, and AI respectively.

David Rhodus, founder of Permissionless Labs, a core contributor to the Pipe Network, also commented on the upcoming launch.

“We’re proud to be among the first builders on Shelby because its global high performance storage network makes more data available for the Pipe Network to serve at high throughput. Our Point of Presence nodes will ensure a smoother user experience because our DePIN enabled footprint provides large coverage of last mile endpoints in the areas where Shelby doesn’t have connectivity.”

Aptos will be Shelby’s early settlement layer, allowing for sub-second finality and high-throughput coordination, with real-time data access across any chain.



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June 25, 2025 0 comments
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$668 Billion in Bitcoin Now Controlled by Institutions, Is Crypto Still Decentralized?
GameFi Guides

$668 Billion in Bitcoin Now Controlled by Institutions, Is Crypto Still Decentralized?

by admin June 13, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A new report from Gemini and blockchain analytics firm Glassnode has revealed that centralized Bitcoin treasuries now control 30.9% of the circulating BTC supply.

This shift, representing more than 6.1 million BTC or roughly $668 billion at current prices, marks a notable development in the evolution of the asset’s market structure. The researchers argue that such a concentration of holdings highlights a broader institutional embrace of Bitcoin over the last decade.

Institutional Control and Concentration Trends

The analysis suggests a 924% increase in BTC held by centralized treasuries, including exchange-traded funds (ETFs), public companies, government entities, and centralized custodians, since 2014.

During this same period, Bitcoin’s spot price has risen from below $1,000 to over $100,000, reinforcing its adoption as a strategic asset among institutional players.

Although this transition is seen as a signal of market maturity, it also raises concerns about centralization and the influence of a small group of entities on the broader BTC ecosystem. The report details that half of the Bitcoin counted under centralized control resides on centralized exchanges.

These coins are likely held on behalf of individual users, making them custodial rather than proprietary holdings. However, when combining exchange balances with those of ETFs, public funds, and sovereign treasuries, the institutional footprint in the Bitcoin market becomes clear.

One of the report’s key findings is the high concentration of BTC within institutional categories. In several sectors, particularly ETFs, DeFi platforms, and publicly traded firms, the top three entities control between 65% and 90% of the supply allocated to their segment.

This centralization suggests that early institutional adopters maintain significant influence over Bitcoin’s market behavior. On the other hand, private companies exhibit a more distributed holding pattern, indicating broader and more decentralized engagement from the business sector.

Sovereign Holdings and Structural Implications

Government treasuries have also emerged as unexpected holders of large Bitcoin reserves, primarily through legal enforcement and asset seizures. Countries like the United States, China, Germany, and the United Kingdom have accumulated BTC through criminal investigations and forfeitures, not market purchases.

While these sovereign wallets are typically dormant and infrequently active, their holdings are sizable enough to impact market sentiment if ever moved or sold.

The study concludes that Bitcoin’s transition into centralized custody signals a long-term structural transformation. As the asset integrates further into the traditional financial system, its volatility may become more constrained, and its price movements less speculative.

Despite this shift, researchers caution that Bitcoin remains a risk-sensitive asset class, though it increasingly behaves in ways consistent with more mature financial instruments.

BTC price is moving upwards on the 2-hour chart. Source: BTC/USDT on TradingView.com

Featured image created with DALL-E, Chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 13, 2025 0 comments
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Crypto Trends

Sui Decentralized Exchange Cetus Is Back Online After $223M Exploit

by admin June 9, 2025



Sui-based decentralized exchange (DEX) Cetus Protocol is back online following a 17-day outage spurred by last month’s $223 million exploit.

The protocol recovered around $162 million worth of stolen funds and is continuing legal action against the attacker, who did not respond to the DEX’s requests to negotiate.

Sui stepped in to compensate Cetus for the initial losses, issuing a loan to reimburse impacted users on May 28. DefiLlama data shows that Cetus’ total value locked (TVL) was $284 million before the exploit and is now down to $124 million.

The attacker exploited a flaw in Cetus’ shared math library contract, tricking the protocol into believing that one token was worth millions of dollars.

Despite attempts to negotiate and come to a settlement, the attacker began laundering funds through coin-mixing service Tornado Cash.

Cetus has refilled the liquidity pools with between 85% to 99% of their initial liquidity, meaning that users can now trade on the platform without exceptional slippage.

The Cetus token (CETUS) has lost 44% of its value over the past month and is down around 1% over the past 24 hours, CoinMarketCap shows.



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June 9, 2025 0 comments
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Rumble Inc. And Tron Partner To Advance Decentralized Internet
Crypto Trends

Rumble Inc. and TRON Partner to Advance Decentralized Internet

by admin May 28, 2025



Rumble Inc., the leading video platform and cloud service provider, has struck a partnership with TRON DAO, one of the leading decentralized blockchain networks.

As per the press release, in the beginning, Rumble Cloud will act as a cloud infrastructure service provider for TRON DAO and contribute to improving the structure of the internet. It aligns with what both groups are trying to achieve, supporting digital freedom and aiming to overcome the limitations imposed by large tech firms.

BREAKING: Rumble Cloud Enters Strategic Collaboration with TRON

First phase of collaboration provides TRON with data storage infrastructure

“Collaborating with Rumble Cloud reinforces that commitment—giving us more freedom to build.” — @justinsuntron https://t.co/ieqrDU4r12

— Rumble 🏴‍☠️ (@rumblevideo) May 27, 2025

“Blockchain and cryptocurrency represent the decentralized internet that promises the freedom to be innovative, and that is exactly compatible with Rumble’s mission to promote and protect free expression,” said Rumble founder and Chief Executive Officer Chris Pavlovski. “It’s an honor to be entrusted by TRON, and we look forward to a long relationship.”

Rumble Cloud provides businesses with a wide range of cloud products to escape the hold of traditional hyperscalers. Examples of services include virtual machines, Kubernetes, load balancing, storage objects and storage blocks, and private cloud solutions. It centers around removing obstacles that come from high prices, limited suppliers, and censorship by companies. 

“TRON was built on the belief that the internet should be open, censorship-resistant, and owned by its users,” said Justin Sun, founder of TRON. “Collaborating with Rumble Cloud reinforces that commitment, giving us more freedom to build.”

TRON has recovered its status as the leading blockchain for Tether (USDT), the top stablecoin on the global market, now handling over $150 billion and 63% of USDT.

It demonstrates that businesses can benefit from blockchain and decentralization by using cloud offerings from large companies. With Rumble Cloud, platforms built on blockchains can become more secure and avoid failures, plus maintain the speed and capacity of any cloud system. 

Because Rumble Cloud relies on Rumble’s fast streaming technology, it can offer the resilient and flexible infrastructure that today’s decentralized apps and services need.

Also read: TRON is a Trusted Chain For Moving Value: Justin Sun





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May 28, 2025 0 comments
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Gomble Games Launches GOMBLE BUILDERS, decentralized game development platform
Crypto Trends

Gomble Games Launches GOMBLE BUILDERS, decentralized game development platform

by admin May 26, 2025



The GOMBLE BUILDERS platform will enable collective game development, empowering small creators.

Game creation is becoming more inclusive and accessible. On Monday, Gomble Games announced the launch of GOMBLE BUILDERS, a platform for collective mobile game development. The platform will enable users to co-develop games, develop assets, and get rewarded for their contributions.

GOMBLE BUILDERS is LIVE!

NFTs can now be submitted to be integrated into our next game title—turning idle PFPs into playable assets that share on-chain revenue.

Idle NFT → Playable Item → Revenue

If your NFT is on the partner project list, submit a proposal now; everyone… pic.twitter.com/NxfzrW4zZ2

— GOMBLE BUILDERS (@gomblebuilders) May 26, 2025

Developers will be able to submit their assets and register them in the form of NFTs, which will give users intellectual property over the asset. If the assets make it into a game, they will be rewarded for their contributions.

“NFTs can now be submitted to be integrated into our next game title—turning idle PFPs into playable assets that share on-chain revenue,” Gomble Games.

The platform also offers AI-powered tools that enable users to auto-generate game logic, NPCs, and other assets. This enables non-developer contributors to also participate in the game design process, significantly lowering the barrier to entry.

Mobile gaming market grows rapidly

Gomble Games is a South Korean game studio with over 100 million users across its games. Unlike most crypto games, Gomble targets mobile app stores and is designed to appeal to a mainstream audience, not just crypto natives. The finished games are meant to be played for enjoyment, and not for crypto rewards.

The mobile gaming market was worth $92.6 billion in 2024, and its revenues are projected to reach $126.06 billion in 2025. Unlike traditional console and PC games, mobile games are typically more accessible and appeal to casual players.

Still, because of high development costs, the gaming industry has significant barriers to entry. For this reason, more and more games, especially in Web3, are turning to collaborative game development, where expertise is crowdsourced from the community.

Despite the growth in traditional gaming, blockchain-based games declined in popularity in 2025. In April, the number of daily active users dropped 10%, to 4.8 million, the lowest level of engagement since the start of the year.





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May 26, 2025 0 comments
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GameFi Guides

Sui Token Starts to Recover After $223 Million Exploit on Its Biggest Decentralized Exchange

by admin May 22, 2025



In brief

  • SUI retraced a small portion of its losses, a few hours after rnews broke that more than $200 million had be stolen from decentralized exchange Cetus.
  • SUI’s price dipped to nearly $3.80 earlier Thursday.
  • Several other tokens linked to the Sui ecosystem were trading down on Thursday.

Sui’s native token started to recover after its price tumbled earlier on Thursday due to a more than $200 million exploit of the layer-1 blockchain’s largest decentralized exchange, Cetus. 

SUI was recently trading at $3.89, CoinGecko data shows. The token, which fell from $4.18 to $3.82 after news of the Cetus exploit erupted on Crypto Twitter, was down 3.7% over the past 24 hours. 

Malicious actors have siphoned $223 million worth of digital assets from Cetus’ liquidity pools, Sui said Thursday in a social media post. The wallet connected to the attack was recently holding about $37 million in cryptocurrencies, SuiVision records show.  

“The Cetus team is exploring paths to recover those funds and return them to the community, Sui said in the statement, adding Cetus has paused smart contracts to prevent further theft. “An incident report from Cetus is forthcoming.”



The exploit comes as the decentralized finance sector has struggled to weather an increasing number of multi-million-dollar cyber attacks over the past few years. A Chainanalysis report shows that stolen funds in the DeFi sector totaled $2.2 billion in 2024, a 21% increase from the year prior. 

More broadly, centralized trading platforms for digital assets have also suffered due to critical cyberattacks on their infrastructures. In February, crypto exchange ByBit sustained a $1.4 billion hack, marking the largest crypto heist ever by funds lost. 

Although Sui’s flagship token has largely recovered since the Cetus attack, other digital assets linked to its ecosystem are still struggling to retrace their losses. 

Lofi (LOFI), Sudeng (HIPPO), and Squirtle (SQUIRT) were recently trading down 15%, 6%, and 91% over the past 24 hours, according to CoinMarketCap data.

Edited by James Rubin

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May 22, 2025 0 comments
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