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 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 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
Cetus Protocol Breach Leads to Severe Price Drops for Sui Ecosystem Tokens
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
Breaking! Cetus Protocol Suffers $260M Exploit Using Fake Tokens—DEX Pauses All Trading
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
Bitlayer Bridges Bitcoin to Sui with Yield-Bearing Peg-BTC
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
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