In a statement on Tuesday, the Sui Foundation, the organization spearheading the development of the Sui crypto network, clarified that it had not carried out any sales of staking rewards on the Binance cryptocurrency exchange. The purpose of this communication is to share information regarding the tokenomics of the Sui
CertiK, a blockchain security company, was awarded a $500,000 prize by the Sui network for reporting a problem that may have affected the whole layer-1 blockchain. The CertiK team, in a statement, said that the “HamsterWheel” vulnerability was unique in comparison to other assaults that have shut down blockchains by
The SUI token has staged a notable recovery in the crypto market, experiencing a dramatic surge in price after a challenging week. Within the last 24 hours, the price soared to $0.709930, marking a significant 19.15% increase. During the 24-hour period, the token exhibited price fluctuations between a low of
Last week, the global crypto market staged one of the wild altcoins’ bloodbaths since the Terra Luna collapse in 2022. The ongoing ‘SEC vs Crypto’ predominantly initiated this crypto crash. Numerous cryptocurrencies have plunged to the bottom, hitting new all-time lows (ATL) on Saturday. After being tagged as securities, ADA,
In a significant twist of events, the cryptocurrency market is reeling. The blame squarely falls on the SEC’s lawsuits against prominent crypto exchanges Binance and Coinbase. Over 100 digital currencies have felt the sting, and even top market-cap cryptocurrencies weren’t spared. A Glimpse at the Ten Hardest-Hit Cryptocurrencies Leading the
Turbos Finance, a Sui ecosystem initiative, has presented a smart routing system designed specifically for the Sui-Move language. This is a first for a Sui DEX in production and a key innovation for capital-efficient swaps on the young network. Sui users must now wrap USDC on the source network in
The crypto market keeps evolving and drawing greater attention from investors. Bitcoin (BTC) has emerged as the de facto industry standard and attracted a sizable fan base and offshoots. However, BTC has not only been a trendsetter; many decentralized peer network-based cryptocurrencies are also making waves in the market. Since
The Formula One racing team Oracle Red Bull Racing has formed a cooperation with layer-1 blockchain protocol Sui Network. As stated in the press release, Sui Network has been selected as the team’s blockchain partner and will be collaborating with the organization to create innovative digital content for the group’s
The crypto market is likely bearish over a week yet some cryptocurrencies kept surging with an expanded market capitalization. Let us look into the coins which ruled over the week in this article. As per the CoinMarketCap analysis, the top gainers include Milady Meme Coin (LADYS), Pepe (PEPE), and Sui
Despite being relatively new to the scene. Layer 1 blockchain network Sui has quickly established itself as one of the most alluring venues for Web3 game developers. Web3 platforms like Polygon, Immutable, Avalanche, and Solana provide a growing library of games at various stages of development. In contrast, Sui, which
