Matrixdock has introduced XAGm, a tokenized silver asset backed 1:1 by LBMA-accredited silver, on the Sui blockchain, marking its first expansion beyond Ethereum. Supported by the Sui Foundation's treasury, XAGm enables users to trade, lend, and use silver as collateral within DeFi protocols on Sui. This move broadens DeFi investment options with a physical precious metal, though investors should verify custody transparency and audit practices. Matrixdock's strategy includes offering institutional-grade tokenized commodities across multiple blockchains for diversified DeFi exposure.
Sui Network announced it reached a milestone of one million operations per second, highlighting its focus on scalability and AI-driven blockchain activity. This achievement, shared by Sui co-founder Adeniyi Abiodun and amplified by community posts, e...
Nearly $404 million in leveraged crypto positions were liquidated in 24 hours, mostly from short sellers as Bitcoin and Ethereum prices rose modestly. About 72% of liquidations were shorts, indicating a short squeeze that forced bearish traders out. ...
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...
