The Sui blockchain network experienced a mainnet outage that temporarily stopped transaction processing, marking the second such incident this year. The core team is actively working on a fix, but the cause of the disruption has not yet been disclosed. This outage adds to previous technical issues faced by Sui since late 2024, impacting confidence in its high-speed, low-fee blockchain platform. The native SUI token dropped 8% amid mixed broader crypto market conditions. The team promises ongoing updates as they investigate the problem.
SUI, developed by Mysten Labs, introduced the Seal MPC prototype on its testnet, a programmable wallet system that allows AI agents to propose transactions securely without ever accessing full private keys. The system uses multi-party computation and...
Nearly $460.9 million in leveraged crypto positions were liquidated in 24 hours as Bitcoin and Ethereum gains caused a broad short squeeze, forcing many traders betting on price drops to close positions. Bitcoin rose 1.09% to $140,697 and Ethereum cl...
The CoinDesk 20 index declined by 0.9%, driven down by Internet Computer (ICP) falling 4.1% and Sui (SUI) dropping 4%. Meanwhile, Stellar (XLM) surged 10%, standing out as the top gainer among the 20 assets. The index reflects a broad range of crypto...
Shiba Inu (SHIB) is currently ranked 29th on CoinMarketCap with a market cap of $2.93 billion but may rise significantly due to a potential "mean reversion" trading pattern. This pattern suggests that after a deep price decline, SHIB could experience...
Avalanche's market sentiment has shifted from bullish to bearish due to rising concerns about developer activity, user growth, and competition from faster-growing layer-1 networks like Solana and Sui. Despite this, AVAX remains one of the top trendin...
