sui

The Sui mainnet officially launched the protocol-level stablecoin zero Gas transfer feature on May 20, supporting 7 types of assets including USDC, allowing users to complete transfers for free without holding SUI.In addition, the Premium Exchange incubated by NAVI Protocol is expected to officially go live on May 26 with its new system. These two developments optimize the trading experience from both the underlying protocol and application layer, further lowering the user entry threshold and promoting the development of the Sui ecosystem.

According to CoinDesk, Mark Connors, Chief Investment Officer of Risk Dimensions and former Head of Global Portfolio Management at Credit Suisse, stated that Bitcoin's previous underperformance against the S&P 500 index, which lasted for 142 days, ended in early May, marking the longest duration in history. It has now entered a new phase of outperformance.

According to Bloomberg, the U.S. Court of Appeals ruled that the enforcement lawsuits by Nevada and Washington against the prediction market platforms Kalshi and Polymarket can continue in state court, and rejected the companies' request to pause the related cases during the appeal.The court stated that Kalshi and Polymarket failed to demonstrate that the state court lawsuits would cause irreparable harm, nor did they prove that their claims regarding federal question jurisdiction had a high likelihood of success. This ruling involves the enforcement actions by Nevada against Kalshi and Polymarket, as well as the case against Kalshi by Washington.

According to Businesswire, Nasdaq-listed company SUI Group updated its business operation data, disclosing that the SUI holdings exceeded 108 million, reaching 108,793,779 as of May 19. This holding size corresponds to a market value of approximately 115 million USD (based on the SUI price of 1.06 USD), with an overall staking yield of about 1.8%. Its market value relative to net asset value (mNAV) is approximately 0.91 times, which has narrowed compared to before.

According to official news, Sui has announced the launch of the "Gas-Free Stablecoin Transfer" feature, allowing users and businesses to conduct peer-to-peer stablecoin transfers on the network without paying Gas fees or needing to hold additional SUI token balances. This means that the transaction fee for stablecoin transfers on the Sui network has officially dropped to $0. This feature is supported by Fireblocks and has been gradually rolled out on the Sui mainnet. This upgrade supports various stablecoins, including USDsui, SuiUSDe, AUSD, FDUSD, USDB, USDC, and USDY.Adeniyi Abiodun, co-founder of Sui and CPO of Mysten Labs, stated that stablecoins are becoming the core infrastructure of global finance, but users still need to manage Gas tokens separately, which increases complexity. The Gas-Free Transfer feature will remove this barrier, making on-chain payments simpler, more predictable, and easier to adopt.This feature is based on the new account balance system Address Balances launched simultaneously by Sui, which simplifies the on-chain storage and transfer process of funds while maintaining high performance and scalability. Since August 2025, the total amount of stablecoin transfers on the Sui network has exceeded $1 trillion. The official statement indicates that this upgrade will further promote Sui as the core stablecoin infrastructure for enterprise payments, fintech, and AI Agent automated payment scenarios.

Ju.com Foundation announced a formal strategic investment of $10 million in the blockchain value e-commerce platform SuiXi, further enhancing the integration of "AI + blockchain" applications and the layout of Web3 consumer scenarios.This round of funding will focus on upgrading on-chain traceability, smart contract settlement, and distributed rights systems, while also promoting the construction of core capabilities such as AI intelligent recommendation and automated supply chain scheduling, improving platform operational efficiency and user experience. In addition, SuiXi will leverage this strategic investment to accelerate its expansion into high-growth markets such as Southeast Asia and the Middle East, promoting a global business layout.Ju.com stated that in the future, it will rely on its advantages in digital asset liquidity, blockchain technology, and global resource integration to provide ecological, technical, and globalization support for SuiXi. Both parties will engage in deep collaboration around Web3 e-commerce, digital consumption, and the integration of the physical industry.

Documents from the U.S. Department of Justice show that Trump has reached an unusual settlement agreement with the federal government, terminating a $10 billion lawsuit filed by him and his businesses against the Internal Revenue Service (IRS), and further expanding the relevant terms.The agreement states that the IRS will be "permanently prohibited" from investigating or continuing existing audits related to tax returns previously submitted by Trump, his businesses, and family members. The Department of Justice stated that this restriction only applies to the scope of existing audits.Meanwhile, the U.S. government has agreed to establish a "Deweaponization Fund" of up to $1.8 billion to compensate individuals or groups claiming to have been improperly treated during government investigations. This arrangement has been criticized by some Democratic lawmakers as a "disguised transfer of benefits," and has also raised questions within the Republican Party.Former IRS Commissioner pointed out that there has never been a precedent showing that the tax agency would permanently waive its right to review the historical filings of specific individuals or businesses, emphasizing that tax enforcement principles should remain consistent for all taxpayers. The Senate indicated that there are still many unresolved issues with this agreement, which is expected to continue to spark political controversy and regulatory discussions.

According to Decrypt, financial services company Swan Bitcoin has been sued by the PCT Litigation Trust for allegedly using insider information to avoid significant losses during the collapse of Prime Trust in 2023, seeking to recover nearly $1 billion in crypto assets. The lawsuit claims that Swan had knowledge of non-public information on the eve of Prime Trust's bankruptcy and transferred fiat and crypto assets from Prime, avoiding catastrophic losses. The assets that Swan was able to transfer are valued at nearly $1 billion at current prices, including 11,992 bitcoins (approximately $917 million), $22.4 million, $5 million in stablecoins, and 91,444 XRP.The lawsuit also points out that a "senior executive" of Prime Trust simultaneously served as a paid external consultant for Swan, providing a channel for obtaining insider information. A representative for Swan stated that client assets are held in trust accounts managed by a trust company and should not be pursued by general unsecured creditors.

According to Hong Kong's East Network, a 34-year-old man from the mainland traveled to Hong Kong with a two-way permit. During his time there, he reportedly lost about 500,000 yuan on a cryptocurrency platform and, feeling frustrated, expressed suicidal tendencies on social media and planned to go to Hong Kong.Law enforcement agencies launched an investigation after receiving relevant information and intercepted the man at around 12:30 PM on May 14 at a fast-food restaurant on Admiralty Road. A lighter and suspected gasoline were found on him. The police arrested him on suspicion of "possessing any item with the intent to destroy or damage property" and he is currently being detained for investigation.Reports indicate that no one was injured in the incident, and there was no need for evacuation at the scene. The man is said to have complained multiple times to the relevant platform about his investment losses but did not receive a satisfactory response.

According to CoinDesk, Nasdaq-listed company SUI Group and London hedge fund Karatage jointly led a $15 million financing round for Nof1, an AI research lab focused on financial markets. The two previously also partnered with TwinPath Ventures to invest in Recursive Superintelligence, a self-evolving AI startup valued at over $4 billion.Both investments are based on the same core judgment: autonomous AI agents will become the core infrastructure of the investment field in the future, and companies that establish training environments today may dominate the future financial landscape.

According to Decrypt, Dapper Labs announced that its digital collectibles platform NFL All Day, in collaboration with the NFL, will stop issuing new NFTs, but existing collectibles can still be bought and sold on the market. Dapper Labs CEO Roham Gharegozlou stated that the company has signed a new licensing agreement with the NFL and will announce details as the next season approaches. As part of the adjustments, the platform will offer collectors a "Founding Collector" label and launch a 5% Dapper balance rebate, but the purchased items must be held for one year before they can be released.After the announcement, trading volume on the NFL All Day market surged, exceeding $53,000 on Thursday, with the number of sellers jumping from fewer than 100 last week to over 400 on Thursday. Some collectors complained that their bids were still accepted after the announcement, leading to the purchase of NFTs that significantly decreased in value. Dapper Labs stated that it is working to advance the next phase of NFL digital collectibles development.

The White House is considering issuing 250 presidential pardons on the occasion of the 250th anniversary of the founding of the country, currently weighing the announcement of the plan on June 14 or July 4. Several defendants in the cryptocurrency field are seeking executive clemency, including Sam Bankman-Fried and Roger Ver. The U.S. president has issued over 1,600 pardons and commutations during his second term. Previously, Ross Ulbricht, the founder of BitMEX, and Changpeng Zhao, the founder of Binance, have been pardoned. The White House has stated that there are currently no plans to pardon Sam Bankman-Fried.

According to monitoring by Catcher Predict, in the event "Who published Epstein's suicide note?" on the prediction market Polymarket, the "Yes" option in the sub-market "May 31" experienced a sharp fluctuation in winning probability, plummeting from 28% an hour ago to the current 12.5% (a fluctuation of 15.5%). Please note the impact of relevant breaking news.

The Sui Network ecosystem welcomes a new reality asset (RWA) application expansion, as Creek Finance announces the launch of its core protocol on the Sui mainnet and the integration of the gold token XAUm launched by Matrixdock.The protocol allows users to split, collateralize, lend, trade, and generate yields on tokenized physical gold on-chain, enabling DeFi operations around gold assets. XAUm is backed 1:1 by physical gold and is verified through third-party audits and on-chain reserve proof mechanisms.Creek Finance stated that this launch marks the official deployment of its core contract, allowing users to perform leverage and yield strategy operations based on gold assets in a permissionless environment, further expanding the application scenarios of RWA in DeFi.

According to the official announcement, Circle has launched a new infrastructure suite for the "Agentic Economy," called Circle Agent Stack, which includes products such as Circle CLI, Agent Wallets, Agent Marketplace, and Nanopayments based on Circle Gateway, supporting AI agents as autonomous economic entities for asset holding, service discovery, and on-chain payments.Among them, Nanopayments supports gas-free USDC transfers at a minimum level of $0.000001, aimed at high-frequency machine-to-machine payment scenarios; Agent Wallets allow AI agents to autonomously manage funds under preset permissions and risk control frameworks; Agent Marketplace provides an AI service directory, enabling agents to automatically discover and invoke services.Circle CEO Jeremy Allaire stated that traditional financial infrastructure is designed for "humans," while the future global economy will increasingly be driven by AI and agents. The Circle Agent Stack is the first complete product suite launched for "AI agents themselves" rather than developers.

According to CoinDesk, CoinShares data shows that last week, cryptocurrency funds saw a net inflow of $858 million, marking the fifth consecutive week of inflows and the largest single-week inflow since the end of April. Among them, Bitcoin funds attracted over $700 million in a single week, with a total inflow of $4.9 billion this year, indicating that institutional investors' demand for the cryptocurrency market continues to rise. Market analysts believe that expectations related to the Clarity Act have improved institutional sentiment.Currently, the BTC price remains above $80,000, and the market is focused on whether it can effectively break through the 200-day moving average located around $82,000. Marex analysts pointed out that if Bitcoin closes above $82,000 on a daily basis, accompanied by stable spot buying, it may initiate a new round of upward momentum.In terms of altcoins, SUI rose 12% in 24 hours to $1.26. Adeniyi Abiodun, co-founder of Mysten Labs, revealed that Sui plans to launch a confidential transaction feature this year to support fee-free privacy payments.In addition, Nasdaq-listed Sui Group Holdings (SUIG) previously announced that it has staked most of its SUI reserves, equivalent to a reduction of about 2.7% of the market circulation supply.

The People's Court of Gulou District, Fuzhou City recently concluded a dispute arising from investment in virtual currency. Chen transferred 480,000 yuan to Liu for foreign exchange wealth management, and Liu converted the funds into USDT and invested on an overseas platform. After the platform closed, Chen filed a lawsuit in court seeking a refund.The court reviewed the case and found that the transaction model formed a closed loop of receiving RMB, exchanging for USDT, cross-border transfer, and buying and selling foreign exchange, which constitutes a disguised foreign exchange transaction and is suspected of economic crime. The court ruled to dismiss Chen's lawsuit and transferred the relevant materials to the public security authorities for handling, with the Fuzhou Intermediate Court upholding the original ruling. The court reminded that investing in virtual currency violates relevant civil laws of public order and good morals, and any losses arising from this shall be borne by the investor.

Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs, posted on the X platform that confidential transactions will be launched on the Sui network this year, enabling large-scale, free, and privacy-protected payments.

Adeniyi Abiodun, co-founder of Mysten Labs, stated during Consensus 2026 that the Sui network has processed over $1 trillion in stablecoin transactions since last year and plans to launch zero-fee stablecoin transfers and privacy payment features.Abiodun expressed that Sui aims to become "the default network for future capital flows," noting that the current traditional cross-border payment systems have excessively high fees; for example, transferring $100 to Nigeria may incur a $35 fee. The future financial system should not be completely transparent like social media, and users need stronger privacy protection capabilities.Sui is developing a storage layer that supports the intent of crypto transactions to accommodate AI Agent-driven automated payments and future refund and fraud handling mechanisms. Additionally, Sui is currently testing quantum-resistant signature technology on its testnet, aiming to complete deployment before the EU's quantum security requirements are implemented by 2030.Abiodun also expressed willingness to coordinate with the Bitcoin ecosystem and open-source related research. However, Sui has recently faced challenges with technical stability, as its mainnet experienced several hours of downtime in January 2026. The current price of SUI is approximately $0.99, down about 81% from its historical high of $5.35 set in 2025.

Michael Selig, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated at the Consensus 2026 conference that the CFTC has filed lawsuits against regulatory agencies in about five to six states, including Arizona, Connecticut, Illinois, and New York, with the core dispute being the jurisdiction over prediction markets.He mentioned that if different circuit courts issue conflicting rulings, the related cases may ultimately be appealed to the U.S. Supreme Court. Michael Selig stated that the Commodity Exchange Act clearly grants the CFTC exclusive regulatory authority over commodity derivatives, and that prediction market event contracts are financial derivatives traded on federally regulated exchanges, which are fundamentally different from traditional gaming venue models.He believes that some state-level regulatory agencies are attempting to challenge the validity of federal law through local regulations, and the CFTC will continue to file lawsuits against such actions.