Blockchain DXB: 🔴 26th May 🔴 🚀Tariff Threats = BTC🔻BlackRock Dominates Bitcoin ETF Race 🚀Sui Ecosystem- $200M ‘Oracle Manipulation Attack’ 💯JPMorganChase + Bank of America - Stablecoin?
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 26th May: Blockchain DXB) podcast🎙️🚀Tariff Threats = BTC🔻BlackRock) Dominates Bitcoin ETF Race 🚀Sui Ecosystem- $200M ‘Oracle) Manipulation Attack’ 💯JPMorganChase) + Bank of America) - Stablecoin?🔴On May 23, 2025, President Donald Trump announced plans to impose steep tariffs—50% on all European Union goods and 25% on iPhones manufactured abroad—as part of escalating trade tensions. This unexpected threat unsettled global markets, increasing uncertainty and risk aversion among investors. As a result, Bitcoin’s price dropped to around $107,000, reflecting concerns over the potential economic impact of heightened trade conflicts and market instability.🎙️Check out the Blockchain DXB) episode, where we share our commentary on this ❗🔴BlackRock)'s IBIT Becomes Top-Traded ETF- On May 23, 2025, BlackRock’s IBIT Bitcoin ETF became the most traded ETF in the U.S., pulling in $877 million in a single day—its highest ever daily inflow. It now boasts $45 billion in total assets and saw $5.2 billion in trading volume, the second-highest in its history. Bloomberg)’s Eric Balchunas) called the surge a “classic feeding frenzy,” as IBIT continues to dominate institutional Bitcoin exposure.💯On May 22, 2025, Sui’s largest DEX, Cetus Protocol, suffered a $223M oracle manipulation attack. Exploiters deployed spoof tokens to distort price data and drain liquidity pools. Meme tokens like Lofi, Sudeng, and Squirtle crashed up to 97%, and 46 Sui tokens posted double-digit losses. The attacker still holds $164M on Sui and bridged $61.5M USDC to Ethereum.❗Cetus paused contracts, identified and fixed the bug, and proposed an on-chain vote to return frozen assets, without a chain rollback. The incident sparked debate on Sui’s decentralisation and validator coordination. Surprisingly, the SUI token rose 2.2%, trading around $3.53. Info via Decrypt) https://shorturl.at/RqbyK)- As of May 25, 2025, the Sui ecosystem continues to address the aftermath of the significant exploit on Cetus Protocol.🚨The Wall Street Journal) reported on Thursday https://lnkd.in/dukerHsc) Banks Explore Venturing Into Crypto World Together With Joint Stablecoin. The discussions involve payments companies co-owned by JPMorgan Chase, other large banks. Knowing their recent history, it could be hashtag#fakenews)? One bank consortium possibility that has been discussed would be a model that lets other banks use the stablecoin, in addition to the co-owners of The Clearing House) and Early Warning®) Services, the Journal said, citing unnamed sources.🟠Two UAE news (See slides)⚡Dubai’s Tarjama secures $15mln to accelerate Arabic.AI) rollout⚡Abu Dhabi's G42) teams up with OpenAI), Oracle) and NVIDIA) to build Stargate UAE - Global Tech Alliance Launches Stargate UAE

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