All articles tagged with #sui
SUI has confirmed a bullish breakout above a multi-month symmetrical triangle, with potential to reach $5.30 and higher, supported by increased Open Interest and network growth, though sell-side pressure and order flow caution suggest traders should watch for support at $4.20 to sustain the rally.
Mysten Labs' CEO, Evan Cheng, believes that Ethereum is fundamentally flawed and that the current wave of crypto companies investing in Ethereum is a mistake. Cheng's blockchain, Sui, offers a programming language called Move that allows for faster, cheaper, and safer creation of decentralized applications. Sui's real-time asset updating feature could be a game changer, particularly for the video gaming community. Cheng aims to bring high-quality games onto Sui and has already signed up 30 development studios. Despite facing tough competition from Ethereum, Cheng's backers, including Andreesen Horowitz and Samsung, are betting on Sui's potential to disrupt the industry.
Tron founder Justin Sun has apologized to Binance CEO Changpeng "CZ" Zhao after transferring $56 million to the exchange, claiming it was an "oversight" and not an attempt to hoard Sui tokens. CZ had warned Sun that Binance would "take action against it" if he used the funds to acquire Sui tokens on Launchpool. Sun shifted the responsibility for the transfer onto "team members" and claimed the DAO has arranged a full return of the funds with Binance. Sui's mainnet is slated to go live this Wednesday at 12pm UTC.