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.
The SUI token surged 27.5% in three days, rising from $0.65 to $0.83, driven by a broader crypto market rally and the launch of Aftermath Perpetuals Futures V2 on the Sui mainnet. Technical indicators suggest a potential bullish trend with targets up...
SUI surged 10.29% to $0.7966 on August 21, driven by $1.74 million in short liquidations and $2.94 million net spot inflows on Binance. The rally follows a base near $0.704 and sees open interest in futures rise 18.48%, with traders heavily long, rai...
Binance announced it will delist seven spot trading pairs, including Litecoin (LTC) and Sui (SUI), effective August 21 at 03:00 UTC. The delisting is part of Binance's regular market review to maintain a high-quality trading environment and protect u...
Neuberger and Securitize have launched HINC, a tokenized high-income fund, on the Sui network as well as Avalanche, Ethereum, and Solana. HINC invests in high-yield bonds, collateralized loan obligations (CLOs), and leveraged loans, marking a shift f...
SUI cryptocurrency fell 3.11% to around $0.6552 after breaking below its $0.67 support level, signaling bearish momentum. Analysts highlight the $0.642-$0.65 zone as a crucial area where buyers might defend the price to prevent further decline. If SU...
