sui

The Sui ecosystem lending protocol Suilend officially announced that the DeFi development team Bluewater Labs will acquire Suilend and its ecological products SpringSui and STEAMM (AMM), and will take over its subsequent development and operational work. In addition, Bluefin co-founder Zabi will serve as the new CEO of Suilend.The announcement stated that after the acquisition is completed, Suilend will continue to operate as an independent platform, retaining its own brand, product direction, and underlying infrastructure. During the transition period, the team will adopt a security-first strategy, and users will not need to take any action; all current protocol functions such as deposits, lending, staking, and trading will continue to operate as usual.

On the evening of June 22, the U.S. Senate passed the "21st Century Housing Road Act" with an overwhelming vote of 85-5. The bill has now been sent to the House of Representatives, where it is expected to pass quickly and be signed into law by President Trump. The central bank digital currency (CBDC) ban has become a key additional clause in the bill, which will prohibit the Federal Reserve from issuing central bank digital currencies (CBDC) or any substantially similar digital assets before the end of 2030, even if issued indirectly through financial institutions. The bill also explicitly exempts private stablecoins (such as USDC, USDT).

Bitcoin mining company Hut 8 has agreed to pay $2.35 million to settle a securities class action lawsuit filed by investors. The lawsuit alleges that Hut 8 made misleading disclosures regarding operational risks and potential issues related to the merger with U.S. Bitcoin Corp. in 2023.The focus of the lawsuit involves power and network connectivity issues at the King Mountain Bitcoin mining project in Texas. Investors claim that Hut 8 exaggerated the merger benefits and did not adequately disclose the associated operational risks. According to the settlement agreement, Hut 8 does not admit to any wrongdoing or liability.Documents show that the $2.35 million settlement amount represents approximately 19.6% of the plaintiffs' estimated maximum recoverable losses of $12.08 million. The settlement plan is still subject to final court approval.

According to Jinshi reports, SpaceX (SPCX.O) has begun issuing unsecured senior notes, which will use the net proceeds to repay outstanding loans.

According to Jinshi reports, Michelle, the head of global fixed income at JPMorgan Chase, stated that this is not an economic environment suitable for interest rate cuts.

According to Bitcoin News, Strive CEO Matt Cole stated that the depreciation of fiat currency will continue to accumulate over time, and in this context, there is no better scarce digital commodity than Bitcoin.

Sui posted on platform X that confidential transfers have been opened for public testing on Sui Devnet, with transfer amounts and balances being private information, and having controllable visibility for compliance and auditing.

According to The Block, New York Supreme Court Judge Kathy J. King signed an order to suspend the litigation seeking to claim ownership of 39,069 dormant Bitcoin wallets, with a hearing scheduled for July 14 on a key amicus brief.The plaintiffs in the case are known as "Noah Doe" and two shell companies, seeking to claim these wallets under New York State's lost property law. Attorney Ian R. Cohen submitted an amicus brief opposing the plaintiffs' claims. He argues that the lost property law pertains to tangible items, while blockchain addresses are always visible to the world; if the original owner cannot access their assets due to a security breach, it constitutes a passive loss of access rather than a voluntary relinquishment.Cohen emphasized that the plaintiffs do not have the private keys, and the blockchain network "structurally disregards" judicial rulings; the court's declaration cannot truly transfer ownership of the assets and may instead be used by the plaintiffs to mislead exchanges and custodians.Previously, on May 26, it was reported that a U.S. man and two companies filed a lawsuit seeking ownership of over 39,000 dormant Bitcoin addresses.

According to official news, the AI native trading platform WaterX on the Sui blockchain completed its first round of SpaceX (SPCX) Pre-IPO quota sales on May 27 last week, using a first-come, first-served basis, and sold out completely within 50 minutes. This is the first real private placement market company's Pre-IPO quota sale on the Sui blockchain. The first round was quickly filled, showing strong demand for scarce assets in the market. This means that private placement market assets are becoming a new category that this public chain can support within the Sui ecosystem. Subsequent rounds and assets will be announced through WaterX's official channels.WaterX is an AI native trading platform built on Sui, integrating three major engines: perpetual contracts, prediction markets, and tokenized RWA. Recently, WaterX announced its selection for the Sui Foundation Moonshots Program. The WaterX prediction market will also officially launch soon, covering all FIFA World Cup event markets in its first wave. To celebrate the launch, WaterX is simultaneously launching the "2026 World Cup Blind Box" event: users can choose a supported team and invite friends to join, and on the launch day, they can open the World Cup exclusive blind box.

According to Bitcoin News, a Bitcoin wallet that has remained silent since 2011 transferred 35.55 BTC (approximately $2.54 million) yesterday to prove it has not been abandoned.Previously, the wallet was listed as a defendant in a lawsuit in New York, which claimed that nearly 3.8 million dormant Bitcoins are legally considered abandoned property. Earlier reports indicated that an American man filed a lawsuit against two companies to claim ownership of over 39,000 dormant Bitcoin addresses.

Sources reveal that SpaceX plans to set the price at $135 per share in its public offering. SpaceX intends to issue 555.6 million shares in the IPO, aiming to raise $75 billion.

According to The Block, the Sui Foundation released an incident analysis report on the recent three interruptions of the mainnet, attributing the three network outages that occurred last Thursday and Friday to two independent vulnerabilities introduced by the v1.72 version upgrade. The first interruption lasted about six and a half hours, while the second and third occurred on Friday morning and afternoon, respectively.The first two interruptions were caused by the "address balance" feature introduced in v1.72, which exposed flaws in the transaction fee deduction method. When a transaction was canceled due to insufficient funds, the network would still spend those funds, resulting in a negative balance that caused the validation node reconciliation process to crash. The foundation acknowledged that the temporary fix pushed urgently on Thursday carried known interruption risks, and the team accepted this risk to quickly restore on-chain services, which led to another network interruption on Friday morning.The third interruption was triggered by another undisclosed random state vulnerability, occurring when the validation nodes restarted to install the fix patch. Sui stated that user funds were never at risk, that both vulnerabilities have been fixed, and that a mechanism to forcibly terminate stalled epochs has been established. The foundation also mentioned that AI agents with access to its production systems significantly accelerated the diagnostic process.

According to The Block, the U.S. SEC has filed a lawsuit in the federal court in Houston, accusing Nathan Fuller, a resident of Cypress, Texas, of operating a cryptocurrency scam project involving up to $12.3 million, which used fraudulent artificial intelligence trading bots to defraud investors.Nathan Fuller told investors that his proprietary AI-based bot could automatically scan cryptocurrency trading platforms, capturing small price gaps through high-frequency arbitrage, and promised returns of 40% to 50% within 30 to 45 days. Some investors were even told they could receive guaranteed returns of over 100% within 21 days.The SEC stated that Nathan Fuller, founder and sole member of Privvy Investments LLC, raised these funds from approximately 150 investors located in nine states and two foreign countries between October 2022 and mid-2024. He also conducted business under the alias "Gateway Digital Investments."It is alleged that only about 3% of the funds were actually used for cryptocurrency trading, while Fuller personally siphoned off at least $6.2 million and paid approximately $5.5 million to early investors in a manner similar to a Ponzi scheme.

Sui stated on platform X that the mainnet has been restored and transactions are proceeding normally. During the deployment of the long-term repair plan yesterday, the end of the epoch was triggered, causing a pause. When the validating nodes restarted to deploy the new binary files, the random number initializer that runs at the beginning of each epoch could not complete because its quorum threshold was higher than the Sui consensus mechanism. After the validating nodes restarted, there was a potential vulnerability in the fault state preservation mechanism, which prevented the network from completing the transition to the next epoch. Currently, the validating nodes have implemented a fix that addresses the underlying vulnerability and the affected epoch, and network activity has resumed.

Sui stated on platform X that due to issues during the epoch change, the Sui mainnet has stopped accepting user transactions. The validator nodes are still running and creating system transactions, but currently cannot accept user transactions. The Sui core team is investigating this issue and will release updates immediately.

According to the official announcement from Sui Network, the Sui mainnet has resumed normal operation, and transaction processing and network activity have both returned to normal. The official disclosure states that the two network outages that occurred yesterday and the day before were related to an interaction issue between the "Address Balances" feature introduced in version 1.72 and the Gas billing logic. The Sui core team indicated that the fix deployed yesterday was only a temporary measure aimed at quickly restoring network operation, but this solution carried a known and low-probability risk of outage. Today, the network triggered a variant of the known issue, causing the mainnet to pause again. Currently, the validators have completed the deployment of a long-term fix, and the official claims that the known issues caused by the original vulnerability have been thoroughly resolved, with the network now operating normally. The Sui team stated that they will release a more detailed incident review report in the future, explaining the cause of the failure and the repair process.

The U.S. Commodity Futures Trading Commission (CFTC) has jointly issued staff guidance from its divisions of Market Oversight, Clearing, and Risk, addressing regulatory expectations and compliance requirements for the increasingly prevalent 24/7 trading, clearing, and settlement models, encouraging market innovation while ensuring compliance.The guidance emphasizes that regulated trading platforms, swap execution facilities, derivatives clearing organizations, and futures brokers must comply with the Commodity Exchange Act (CEA) and related regulatory rules when expanding around-the-clock trading, and must proactively assess risk management and operational arrangements.The CFTC points out that the adaptability of different asset classes to 24/7 trading varies, with derivatives related to crypto assets being more suitable for around-the-clock trading and clearing due to their digital infrastructure and global continuous trading characteristics; whereas traditional commodity derivatives like agricultural products may not be suitable for full 24/7 operation due to their regional and trading structure characteristics.CFTC staff stated that relevant institutions should ensure compliance with regulatory frameworks and risk control requirements while promoting the continuous evolution of the market to support "responsible market innovation."

Sui posted, "The Sui mainnet is currently experiencing network stagnation, and current network activity may have been paused. The Sui Core team is actively investigating the issue. Updates and event reviews will be shared as soon as they are available."Earlier, Sui's official update this morning stated that Sui mainnet activity has returned to normal. The network had previously gone down due to a crash bug caused by the Gas billing logic introduced in version 1.72.

Sui official announced this morning that the Sui mainnet activities have returned to normal. Previously, the network experienced downtime due to a crash bug introduced by the Gas billing logic in version 1.72. The official stated that a complete incident review report will be released in the coming days.

Sui official announcement, the mainnet is currently experiencing network stagnation, and the core development team is actively working to resolve it. Please note that transactions may be suspended at this time, and the latest updates will be released as soon as possible.