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.
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:
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
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
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
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
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
TL;DR An exploit on Cetus Protocol led to the theft of $223 million and caused several Sui-based token prices to plunge over 50%. The attack forced
TL;DR Cetus Protocol, the main liquidity provider on the Sui network, was exploited in an attack that drained over $260 million using fake tokens. The attacker
TL;DR Bitlayer and Sui integrated Peg-BTC (YBTC), a token backed 1:1 by BTC, allowing users to interact with Bitcoin in DeFi without losing price exposure. The
TL;DR Digital asset investment products recorded $882 million in inflows last week, marking four consecutive weeks of positive growth. Sui stood out as the top-performing altcoin
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