Between May 28-29, the Sui Foundation experienced three outages caused by bugs in its transaction and key generation systems, disrupting transaction processing and settlement. The first two outages were due to a bug in the new address balance and gas payment system causing invalid negative balances, while the third was triggered by a failure in the Distributed Key Generation system after validator restarts. Developers quickly patched these issues to stabilize the network, but the incidents exposed vulnerabilities in Sui's ecosystem. The outages coincided with a 15% drop in SUI token price, reflecting shaken market confidence. Moving forward, Sui plans to add stronger safeguards to prevent similar crashes and limit their impact.
Modest gains in Bitcoin and Ethereum caused a wave of short liquidations in crypto derivatives markets, with $4.9 billion in Bitcoin shorts and $5.6 billion in Ethereum shorts liquidated over 24 hours. This indicates heavy bearish positioning, making...
SUI remains in a long-term downtrend, recently falling below key support levels and trading near $0.86–$0.90. Network outages in May and June have shaken investor confidence, causing sharp price declines and raising concerns about the coin's infrastr...
The Sui blockchain network experienced its third transaction halt within 48 hours, caused by problems linked to recent changes in its stablecoin's zero-fee transaction logic. The network stopped processing transactions multiple times, with the latest...
CME Group has introduced round-the-clock trading for its cryptocurrency futures and options, including contracts for XRP and Cardano (ADA). This move aligns CME's trading hours with the 24/7 nature of blockchain networks, allowing institutional trade...
Cryptocurrency markets display varied price changes, with Bitcoin trading around $72,949 and Ethereum near $1,998. Some altcoins like HYPE and INJ have seen significant gains of over 10% and 18% respectively, indicating selective investor interest. M...
