News linked to both this project and an event.
According to official announcements, the Sui ecosystem Bitcoin financial platform Hashi testnet has officially launched. Hashi first debuted in March, aiming to provide a brand new way for BTC: unlocking value on Sui without leaving the Bitcoin network. Hashi transforms dormant BTC into secure, programmable collateral assets for institutional-grade lending, financing, and credit services, with all actions verifiable on-chain. Developers can now access the Hashi testnet to build and stress-test financial applications collateralized by Bitcoin,
Sui announced on X platform that Hashi, first launched in March, aims to enable BTC to be used on Sui without being moved out of the Bitcoin network. Currently, the Hashi testnet is now live.
Odaily reports, according to official sources, Gate Alpha is launching a Robinhood Chain trading contest from 17:00 on July 17 to 16:00 on July 22 (UTC+8). After users click "Join Now" to complete registration, trading any token assets on the Robinhood Chain will qualify them to share in a $30,000 USDT airdrop reward. Sprint Trading Award: During the event, users with a cumulative trading volume on the Gate Alpha platform for Robinhood Chain assets (including both buys and sells) of ≥ $1,000 will proportionally share the $30,000 USDT airdrop reward based on their trading amount. Please visit the Gate Alpha zone, search for the Robinhood Chain token contract address, and participate in trading.Gate Alpha now supports popular public chains including SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and enables seamless cross-chain token trading through contract address search functionality, breaking down cross-chain trading barriers to provide one-click access to all on-chain tokens.
Sui announced on X platform that gas-free stablecoin transfers are now live.
According to CoinDesk, crypto communications company Chainstory released a research report stating that among the top 1000 crypto projects ranked by CoinGecko, only 67 have Wikipedia entries, with well-known projects such as Hyperliquid and Sui not included. As AI tools like ChatGPT have 7.8% of their citation links pointing to Wikipedia (far higher than Reddit's 1.8% and Forbes's 1.1%), the lack of content on Wikipedia is having a substantial impact on AI's understanding of the crypto industry. The report also noted that Wikipedia lists crypto vertical media (including CoinDesk) as "generally unreliable" sources, while mainstream media, although recognized, rarely provide in-depth coverage of DeFi niches, further exacerbating the information gap. Chainstory concluded, "The crypto industry barely exists on Wikipedia."
Sui stated on X platform that institutions continue to express distrust towards cross-chain bridges or wrapped BTC. Hashi keeps BTC native on-chain, making it verifiable, controllable, and usable as collateral. EvanWeb3 explained this, and the Hashi global testnet is about to launch.
Sui announced on platform X that the WaterX_app Predict Festival has gone live, bringing a month-long prediction campaign on Sui, featuring daily predictions, treasure chest rewards, and real dollar prizes.
according to Sui monitoring, the TPS peak of the Sui public mainnet has exceeded 6 million.
Sui posted on X platform, stating that this week's highlights include ensuring data privacy, expanding decentralized capital markets, and welcoming new teams into the network development pipeline. LoquaApp has launched a privacy-first AI agent messaging app on Sui, supporting users in sending messages, interacting with AI agents, and conducting peer-to-peer token transfers within chats; RipStationxyz has deployed a graded Pokémon card platform on Sui for on-chain trading and physical redemption; suidevelopers held a technical meeting, where kostascrypto and abhinavg6 analyzed the cryptography behind protocol-level confidential transfers; 0xfluid has chosen Hashi to build an institutional-grade Bitcoin credit market, enabling native BTC to be used as collateral through formally verified contracts on Sui; realtbook has partnered with paga to create a compliant financial bridge, offering tokenized real-world assets to African consumers and businesses; six early-stage development teams, including AssetoFinance, audricai, gendotpro, kash_bot, predikt_gg, and transact_sh, have completed the third cohort of the Sui Hydropower Fellowship; tradeonhudi announced the upcoming launch of 7×24 hour leveraged perpetual contracts on Asia-Pacific stocks, targeting markets in Korea, Japan, and Hong Kong; Turbos_finance released its Q2 2026 report, having launched its CLMM and once became the highest-volume AMM DEX with a single-day SUI-USDC trading volume exceeding $17 million. The upcoming Sui Tunnels experiment will be opened for system testing of the network's TPS limit under load.
Sui has announced the mainnet upgrade to version V1.74.1, with the protocol simultaneously upgraded to version 128. The key highlights of this upgrade include: support for zero-gas stablecoin transfer transaction simulation, facilitating developers in testing related applications; the mainnet has officially adopted a timestamp-based Epoch termination mechanism, further optimizing network operational efficiency; the addition of static code checking functionality for Move, helping developers improve code quality; and optimization of validator node connection mechanisms and node restart stability, reducing abnormal crash incidents. Additionally, this upgrade has enhanced range proof verification, cryptographic operation performance, and protocol mechanisms related to Binary Pools, providing support for future feature expansion.
According to CoinDesk, Wall Street bank Cantor Fitzgerald issued a research report indicating that the crypto market is entering the final phase of the current bear cycle. As of June 10, Bitcoin has declined approximately 51% from its 2025 peak, with 252 days having passed since the peak. Synthesizing the past three market cycles, BTC bottoms on average 384 days after the peak; based on this, the low point of this cycle is projected to appear around the end of October. Analysts also noted that the model is not a precise timing tool, and macro, regulatory, and geopolitical risks remain. Regarding network value assessment, Cantor believes Hyperliquid is the prime example of fee-driven token economics, Bitcoin remains the benchmark monetary asset, and Ethereum serves as the primary collateral layer for on-chain finance; Solana, Sui, XRP, and Zcash each possess differentiated advantages, but still need to prove that their ecosystem growth can translate into sustained token demand.
Odaily Planet Daily reported that NASDAQ-listed SUI Group Holdings Limited announced the expansion of its strategic lending partnership with Bluefin, a decentralized exchange on the Sui ecosystem. According to the revised digital currency loan agreement, SUI Group will lend an additional 4 million SUI to Bluefin, bringing the total loan size to 6 million SUI. At the same time, the company has increased the revenue sharing ratio from the original 5% to 11%, payable in SUI. The new funds will be used to support Bluefin's participation in the financing transaction for Bluewater's acquisition of Suilend, the latter being the largest lending and DeFi platform on the Sui blockchain. (Businesswire)
: Sui’s Chinese community announced that Hashi is the Sui ecosystem’s native Bitcoin financial infrastructure, aiming to transform approximately $1 trillion in idle Bitcoin into productive collateral assets for on-chain financial activities.Before the global testnet launch in July this year, Hashi announced the addition of Cumberland, SwissBorg, and Fluid as ecosystem partners.Reportedly, Hashi has previously collaborated with over 20 partners to jointly promote the application and development of Bitcoin in DeFi and on-chain financial scenarios.
Sui posted on X, stating that Karrier One has made transfers on Sui as easy as sending a text message. The app supports secure calling, messaging, global transfers, and wallet management.
Adeniyi Abiodun, co-founder of Mysten Labs—the development team behind Sui—shared Sui’s future roadmap in a recent post. According to the article, Sui’s long-term goal is to build foundational blockchain infrastructure capable of supporting global value flow over the next decade—enabling efficient payments, financial asset transfers, and transactions between machines and AI agents—all on a single network. The team emphasized that this vision stems from its core principle: “making value flow as freely as information.” Sui will continuously iterate its underlying architecture and protocol design to realize this objective. Technically, Sui leverages an object-centric model, horizontally scalable architecture, and native parallel execution to achieve high throughput, low latency, and composability within a single network—while also facilitating the onboarding of stablecoins, real-world assets, and institutional-grade financial products. Additionally, the project introduces privacy-preserving transactions, gasless transfers, and yield-bearing asset mechanisms to reduce usage costs and enhance financial accessibility. The article states that the future financial system will progressively migrate onto public-chain infrastructure—from individual payments to institutional capital markets—achieving full digitization and further extending into AI-driven automated transaction scenarios. The team describes its mission as building a unified global value network, evolving fund flows toward an instant, low-cost, “messaging-style” paradigm.
Sui posted on X platform, stating its network supports institution-level cross-border payments compliant with major global regulatory frameworks such as MiCA, FATF, and Basel, enabling peer-to-peer real-time settlement.
Odaily Odaily reports, according to official Sui news, WaterX has officially launched on the Sui mainnet. Users can now access perpetual contracts, prediction markets, and tokenized stocks (including pre-IPO stocks) within a single account.Additionally, early users who incurred net losses during the testing phase will receive refunds.
DeepBook, a DeFi platform on the Sui ecosystem, announced on X that the first season of its points program has concluded, and DEEP token claims are now open. The first season ran from January 22 to April 17. Users can connect their corresponding wallets to view their allocation and claim tokens.
Sui Chinese Official released a post-mortem of the mainnet outage, stating that on May 28 (Thursday) and May 29 (Friday), 2026, Pacific Time (UTC-7), the Sui mainnet experienced three network failures. The first two failures stemmed from a crash vulnerability caused by the interaction between the Gas charging logic and the recently released version 1.72 (which introduced the Address Balances feature). The fix for Thursday's incident was a temporary measure aimed at restoring network operations as quickly as possible while the Sui core team developed a long-term solution. The team was aware that this temporary fix had an extremely low probability of causing network failure but accepted this risk to expedite mainnet recovery. On Friday morning, another variant of this known issue was triggered, leading to another failure.The third failure occurred during the routine Epoch transition on Friday afternoon. When validators restarted nodes to deploy Friday morning's fix, a long-dormant defect in the Randomness State preservation was triggered, causing another network failure.Failure timeline: First: Started Thursday around 7:00 PT, recovered at 13:30 PT; Second: Started Friday around 5:00 PT, recovered at 8:30 PT; Third: Started Friday around 13:30 PT, recovered at 19:20 PT;Throughout the entire incident, user funds remained secure, and no confirmed transactions were reverted after network recovery.Currently, validators have fully fixed the original Gas Charging and Randomness State vulnerabilities, and network activity has returned to normal.
According to The Block, the Sui Foundation released an incident report on May 31, disclosing three consecutive outages on its mainnet from May 29 to 30—each traced back to two independent bugs introduced in the v1.72 upgrade. The first two outages were caused by a gas fee calculation error stemming from the newly launched “address balance” feature: funds were deducted even when transactions were canceled, resulting in negative account balances and subsequent validator node crashes. The third outage was triggered by a latent vulnerability in the random number generator during node restarts, preventing the network’s epoch from closing normally. The Sui Foundation stated that all known issues have now been resolved; user funds remained unaffected throughout the incidents, and no settled transactions were rolled back. The Foundation plans to further enhance its fault-tolerance mechanisms to ensure future similar bugs impact only individual transactions—not the entire network.