suiUSDe now has a dedicated landing page. The token, officially the eSui Dollar, comes out of a partnership between Ethena and Sui Group Holdings, the NASDAQ-listed firm trading as SUIG, and it’s already plugged into DeFi protocols across Sui. Up to now, anyone wanting details had to dig through scattered posts and docs. Now there’s one place for it. It’s a small launch on paper. But synthetic dollars live or die on whether people understand them, and a proper site is part of how a token earns that understanding at scale. What suiUSDe Is Forget the usual stablecoin model. suiUSDe
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]]>A vulnerability in one of the core DeFi protocols on Sui Network exposes the ecosystem to renewed scrutiny. Around 3:18 AM UTC, a bug that led to undercollateralization of the DeepBook Protocol’s USDC margin pool resulted in $239,700 of bad debt. The problem led to the immediate suspension of margin trading as developers raced to contain the damage. As outlined in the latest official update from DeepBook Announcement, the insurance mechanism of the protocol was triggered to reboot from a crisis situation. The financial loss seems small compared to previous exploits in the industry, but it reflects a broader trend
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]]>Blockaid recently pinpointed and red-flagged that the Aftermath Finance’ perpetuals trading system on the Sui Network was under active exploitation. The alert spread like wildfire within the crypto community, sounding alarms that a vulnerability had allowed an attacker to steal significant amounts of funds in mere minutes. The analysis shows that $1.1 million in USDC were pulled from the protocol in 11 fast transactions over 36 minutes. The attacker leveraged a vulnerability in the fee accounting mechanism of the clearing house linked to an address. In the world of decentralized finance (DeFi), if an exploit is capable enough to take
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]]>In a striking display of momentum, $SUI’s price has rocketed upward by 60% over the past week to reach a new high, grabbing the attention of traders and analysts from across the crypto landscape. Some may view this as a simple market uptrend; however, SUI seems to be punching way above its weight due to a few solid underpinnings: its Total Value Locked (TVL) has skyrocketed; its DEX activity is off the charts; and a few liquidity stablecoins have made their way onto the Sui blockchain. TVL Growth and On-Chain Metrics Fuel Investor Confidence SUI’s rally is built on the
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]]>Having bounced back from a major correction phase in the second week, SUI appears strongly bullish on the day following an impressive surge in a week. A strong monthly close could trigger a bullish reversal. Following a major drop from a high of $5.36 in January, SUI corrected broadly and tested a low of $1.96 three weeks ago. It found a strong footing above this level and went offensive after a sharp rejection. While trading became more volatile this week, it is back on a buying spree following a major bounce over the past weeks. The latest positive actions reveal
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]]>In the lightning-fast world of cryptocurrency, the altcoin Sui ($SUI) has captivated investors and enthusiasts alike with a remarkable +10% rebound in its market cap over the past 24 hours. While many projects in the market are moving sideways, this small but potent uptick in Sui’s value seems to have reignited interest in the project. Even though the broader crypto market is generally stagnant, this pop in Sui’s price is being received with nothing but optimism, and for good reason: 2025 is lined up to be a big year for the Sui blockchain. Sui, a blockchain project that its founders
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Bitcoin’s recovery to $100,000 is likely to be met with strong resistance, but if the bulls prevail, the next stop is near $108,300.
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Bitcoin’s bounce above $94,000 suggests that the bulls remain buyers on dips, increasing the possibility of a retest of $100,000.
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Bitcoin’s sell-off shows no signs of forming a bottom, which is destroying traders’ appetite for altcoins.
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Bitcoin bulls keep pushing for $100,000, and if they make it, SUI, ENA, SOL and ICP could also break out.
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