Sui Foundation Introduces USDsui Stablecoin to Power DeFi and Payments
TLDR The stablecoin uses the infrastructure of Bridge, a Stripe company, to ensure liquidity and regulatory compliance. Revenue generated by the asset will be reinvested directly
Sui News (Latest Publications)
Sui blockchain is a layer 1, Proof-of-Stake (PoS) blockchain platform that is designed to provide high throughput, low-latency transactions, and instant transaction finality. The platform is built with the Move programming language, which was initially developed by Facebook for its Diem blockchain . Sui aims to create a decentralized, permissionless blockchain network that can support a wide range of use cases, from decentralized finance (DeFi) to non-fungible tokens (NFTs). The project is developed by Mysten Labs, a blockchain development firm co-founded by former Facebook developer Libra and JP Morgan alumni . The native token of the Sui blockchain is called SUI.
SUI Holds Key Support Level and Eyes Breakout Toward $20 Target
TL;DR The layer‑1 blockchain token SUI is showing strength as it retests a critical support band near $2.10–$1.80 and draws renewed accumulation interest. Recent data indicates
21Shares Strengthens Sui ETF Filing with Powerful Staking Features
TL;DR 21Shares added staking details to its filing for a SUI ETF and appointed Coinbase and BNY Mellon as custodians. The amended S-1 form explains that
SUI Struggles With 5% Drop Despite ETF Progress and Stablecoin Launch
TL;DR SUI’s price has fallen nearly 5%, trading at $2.48 with a market cap of $9.02 billion and 24-hour volume down 17% to $862 million. Despite
Sui Group Holdings Teams Up With Ethena to Unleash Two New Stablecoins
TL;DR Stablecoin Launch: Sui Group Holdings will release suiUSDe and USDi on the Sui blockchain before year-end, targeting both yield-seeking investors and transactional users. Treasury Strength:
SUI Expands Institutional Reach Through Partnership With Digital Asset Bank Sygnum
TL;DR Sygnum Bank has integrated SUI into its platform, offering custody, spot and derivatives trading, with staking and Lombard loans coming soon. The partnership enables access
Nasdaq’s Bold Bet: SUI ETF Filing Sparks Bullish Hopes
TL;DR Nasdaq’s Regulatory Step: Nasdaq has filed a 19b-4 form to list the 21Shares SUI ETF, marking one of the first spot ETFs for an altcoin
Sui Approves Return of $162M in Frozen Exploit Funds
TL;DR Sui approved the return of $162 million to those affected by the Cetus exploit, which took place on May 22 and resulted in losses exceeding
Cetus Exploit Post-Mortem: Code Error Led to Massive Losses on Sui
TL;DR Sui managed to freeze $162 million after the Cetus hack and announced a $10 million investment to strengthen audits and security. The incident triggered criticism
21Shares Files for First-Ever SUI ETF in Bold Bet on the Sui Ecosystem
TL;DR 21Shares has submitted an application to the SEC to launch the first ETF focused on the SUI token, with backing from the Nasdaq exchange. If
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