The Sui blockchain experienced its second major operational failure since its 2023 debut, suffering a six-hour network stall that halted all transaction processing and block production on Wednesday. Despite this significant disruption to the layer-1 network, the SUI token demonstrated remarkable price stability, trading at $1.85 with minimal volatility, highlighting a curious decoupling between network performance and market sentiment. The Sui Foundation has promised a full incident report in coming days as the ecosystem grapples with recurring stability challenges.
about Sui Blockchain Suffers 6-Hour Outage, Second Major Incident Since LaunchSui Foundation
0 in Finance and 0 in Crypto last weekSUI Holds Key Support, Analysts Eye 50% Rally Potential
SUI cryptocurrency is demonstrating resilience after bouncing from critical support levels, with technical analysts pointing to bullish indicators suggesting the altcoin could be preparing for a significant upward move. Following a challenging period that saw the cryptocurrency drop to seven-month lows below $1.80, SUI has successfully reclaimed the $2.00 level, while recent partnership developments with Crypto.com add fundamental support to the technical recovery narrative.
about SUI Holds Key Support, Analysts Eye 50% Rally PotentialMoviePass Launches Mogul: Fantasy Betting on Hollywood
MoviePass is reinventing itself by launching Mogul, a fantasy platform where users can wager on Hollywood box office performance. The service turns movie fans into active participants using prediction market mechanics without real-money stakes. This move comes as major betting companies like DraftKings show growing interest in prediction markets, positioning MoviePass at the intersection of entertainment and emerging betting technologies.
about MoviePass Launches Mogul: Fantasy Betting on HollywoodxMoney Launches $XMN Token on Sui for Global Payments
xMoney has officially launched its native token $XMN on the Sui blockchain, marking a significant step in bridging traditional finance with Web3 payments. The launch follows a $21.5 million strategic investment from Sui Foundation, reinforcing their shared vision for compliant global payment infrastructure. $XMN is now available on multiple major exchanges including Kraken and MEXC, creating immediate accessibility for users and institutions seeking to participate in the evolving payment landscape.
about xMoney Launches $XMN Token on Sui for Global PaymentsxMoney Launches $XMN Token on Sui Blockchain
xMoney has officially launched its native token $XMN on the Sui blockchain, marking a significant milestone in bridging traditional finance with Web3. The launch follows a $21.5 million strategic investment from the Sui Foundation and immediate multi-exchange availability, positioning xMoney as a compliant payment infrastructure connecting users, merchants, and institutions globally through scalable blockchain technology.
about xMoney Launches $XMN Token on Sui BlockchainSui to Launch Two Native Stablecoins with Ethena Labs
Sui Group Holdings is making a strategic push into the stablecoin market through an unprecedented partnership with Ethena Labs and the Sui Foundation. Announced at Token2049, this industry-first collaboration between a digital treasury, blockchain foundation, and stablecoin issuer will introduce two native stablecoins—suiUSDe and USDi—to the Sui blockchain ecosystem. The move represents a significant challenge to dominant stablecoins USDT and USDC while expanding Sui’s DeFi infrastructure and liquidity mechanisms.
about Sui to Launch Two Native Stablecoins with Ethena LabsNasdaq Seeks SEC Approval for 21Shares SUI ETF Listing
Nasdaq has submitted a 19b-4 filing to the SEC seeking approval to list the 21Shares SUI ETF, initiating the regulatory review process. The proposed fund reflects increasing institutional interest in the Sui blockchain, which has seen $300 million allocated to SUI-based products globally. Sui’s DeFi ecosystem showed strong Q1 growth with record DEX volumes, though the SUI token faced market volatility. Major firms like Franklin Templeton and VanEck have already launched Sui-related initiatives, signaling broader adoption. If approved, the ETF would provide US investors with regulated access to Sui’s native token and ecosystem.
about Nasdaq Seeks SEC Approval for 21Shares SUI ETF ListingNasdaq Files for SUI ETF, Boosting Institutional Confidence
Nasdaq’s 19b-4 filing for a 21Shares SUI ETF with the SEC has sparked a 300% jump in SUI’s 24-hour trading volume, reflecting heightened institutional interest. The Sui token’s recovery follows a recent dip tied to the Cetus Protocol hack and macro uncertainty, now buoyed by Bitcoin’s ETF-driven momentum. With $300M+ in global ETP inflows and Mysten Labs’ Kevin Boon hailing the Nasdaq filing as a milestone, SUI’s derivatives volume and open interest also rose sharply. Analysts note Bitcoin’s anchoring role, as SUI’s sBTC integration amplifies DeFi utility. Trading at $3.50 (up 8.13% weekly), SUI’s rally aligns with BTC’s uptrend, which could hit $170K by 2026 if regulatory progress continues.
about Nasdaq Files for SUI ETF, Boosting Institutional ConfidenceCetus Protocol Recovers from $233M Exploit with Sui Foundation Aid
Cetus Protocol, Sui’s top decentralized exchange, has successfully recovered from a $233 million exploit caused by a malicious oracle attack in May. The attacker manipulated price curves and reserve calculations, draining liquidity pools and causing significant token devaluations. With a $30 million bridge loan from the Sui Foundation, recovered frozen funds, and its cash reserves, Cetus has restored liquidity pools to 85-99% health. The protocol is compensating affected users with CETUS tokens, allocating 15% of its supply for this purpose. While full recovery isn’t possible due to asset limitations, the team is working with law enforcement and remains confident in further fund recovery. The Sui Foundation’s response faced some centralization criticism, but its managing director defended the coordinated action as true decentralization. SUI and CETUS tokens remain below pre-exploit levels but show signs of recovery.
about Cetus Protocol Recovers from $233M Exploit with Sui Foundation AidSui’s DEX Volume Hits Record High Despite SUI Token Slump
Sui’s decentralized exchange (DEX) activity reached an all-time high in Q1 2025, with average daily volume hitting $304.3M—a 14.6% quarterly increase. Cetus and Bluefin dominated, contributing $239.5M daily. Despite this growth, SUI’s market cap plummeted 40.3% to $7.2B, underperforming the broader crypto market. Network fees also dropped sharply by 33.3% to $3.6M, reflecting reduced on-chain activity. NFT trading remained strong, with 13.2M SUI in volume, while institutional interest grew via Grayscale’s inclusion of SUI and Libre Gateway’s launch. However, Q2 faced setbacks after a $223M exploit on Cetus disrupted trading, pending a community vote for recovery.
about Sui's DEX Volume Hits Record High Despite SUI Token SlumpSui Validators Approve $162M Release Post-Cetus Hack
Validators controlling 91% of Sui stake approved an on-chain proposal to release $162 million seized during the Cetus exploit, enabling the DEX to reimburse users and resume operations. The funds will be transferred to a multi-signature wallet managed by Cetus, OtterSec, and the Sui Foundation, remaining in trust until repayment. The attack, which initially drained $223 million, saw $61 million bridged to Ethereum before being halted. Cetus has outlined an eight-step recovery plan, including protocol upgrades, pool rebalancing, and transparent progress reports, aiming for a full relaunch within a week.
about Sui Validators Approve $162M Release Post-Cetus HackSui Community Votes to Recover $162M Stolen from Cetus DEX
The Sui (SUI) community is nearing approval of a recovery plan to return $162 million stolen from Cetus Protocol, a decentralized exchange (DEX) exploited last week. A hacker targeted Cetus’ concentrated liquidity market maker (CLMM) pools, stealing $223 million, but $162 million was frozen. The ongoing vote, weighted by validator stake (excluding Sui Foundation), requires >50% participation and majority ‘yes’ votes. Currently, 71% support the plan, with voting ending next week. If passed, a special transaction will return the frozen assets. Cetus confirmed it can cover remaining losses via cash, token reserves, and a Sui Foundation loan, contingent on the vote’s success. The DEX urges community support, calling it an ‘extraordinary ask’ but necessary for affected users.
about Sui Community Votes to Recover $162M Stolen from Cetus DEX