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BTC $78,328.24 +0.40%
ETH $2,333.16 -1.23%
BNB $639.04 +0.27%
XRP $1.44 +0.93%
SOL $86.12 -0.70%
TRX $0.3281 -0.34%
DOGE $0.0971 +1.04%
ADA $0.2503 +0.86%
BCH $460.89 +0.29%
LINK $9.36 +0.92%
HYPE $41.35 +0.79%
AAVE $95.36 +1.46%
SUI $0.9488 +1.09%
XLM $0.1758 -0.43%
ZEC $342.35 +9.03%

layer

first_img Mysten Labs co-founder: Sui will achieve zero transaction fees across the network, becoming the global commercial settlement layer for the AI intelligent economy

ChainCatcher reported live that Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He stated that the core team members come from Facebook and were responsible for launching the global payment network Libra, aiming to make fund transfers as simple as sending messages. He announced that Sui will be the first high-speed public blockchain to achieve zero transaction fees for transfers across the network, regardless of the transfer amount ranging from $0.0005 to $1 billion, covering all stablecoins such as USDC, USDT, and Sui Dollar.In terms of privacy, Sui will provide bank-grade on-chain privacy, utilizing advanced cryptography to ensure that transaction history and balances are not visible to third parties, while fully compliant with regulatory requirements. Regarding yields, he introduced the Sui Dollar launched in collaboration with Stripe, which generates approximately 3.5% returns that will be directly reinvested into the network ecosystem and users, rather than flowing to intermediaries.He also announced the launch of the Bitcoin DeFi protocol Hashi aimed at institutions, allowing sovereign wealth funds, hedge funds, and ETF holders to deploy Bitcoin into DeFi for yields without triggering taxable events, supported by legal opinions from top U.S. law firm Fenwick & West. Additionally, Sui's on-chain deep order book DeepBook supports large transactions with extremely low slippage for instant on-chain exchanges between assets such as BTC, gold, USD, and EUR.In the AI agent economy, he pointed out that Stripe estimates a need for processing capacity of 1 billion transactions per second in the future, while Sui employs a horizontally scalable architecture similar to that of Google Search and Facebook infrastructure, capable of scaling on demand to millions or even tens of millions of TPS. The full-stack atomic composability provided by Sui is its core differentiated advantage, allowing agents to execute multiple cross-application transactions simultaneously and settle them in one go, which cannot be achieved on AWS, Google, or any existing Web3 platform. He also announced a partnership with RedotPay, enabling users to spend Sui Dollars at over 130 million merchants worldwide and positioning Sui as an alternative to SWIFT.

LayerZero reports the KelpDAO theft incident, confirming that it only affects the rsETH configuration

LayerZero Labs released an incident report stating that KelpDAO suffered an attack resulting in a loss of approximately $290 million. Preliminary assessments indicate that the attacker is the Lazarus Group, which has ties to North Korea (more specifically, TraderTraitor). The attack was executed by poisoning the downstream RPC infrastructure relied upon by its decentralized verification network (DVN). The attacker controlled some RPC nodes and, in conjunction with a DDoS attack, induced the system to switch to malicious nodes, thereby forging cross-chain transactions.All affected RPC nodes have been taken offline and replaced, and the DVN has now resumed operation. LayerZero emphasized that this incident was limited to the rsETH application configuration of KelpDAO and did not affect other assets or applications. The reason is that KelpDAO was using a single DVN (1/1) architecture at the time and did not utilize the multi-DVN redundancy mechanism that is officially recommended for long-term use, resulting in a lack of independent verification nodes to identify forged messages.LayerZero pointed out that there were no vulnerabilities in its protocol itself, and applications with multi-DVN configurations were not affected, meaning there is no contagious risk in the system. LayerZero stated that it will urge all projects using single DVN configurations to migrate to multi-DVN architectures as soon as possible and has suspended providing signature and verification services for 1/1 configuration applications. Meanwhile, the company is cooperating with global law enforcement agencies to investigate and assist industry partners in tracking the stolen funds. LayerZero noted that this incident highlights the value of modular security architecture and also reminds the industry to pay attention to the potential security risks of RPC verification links.
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