ChainCatcher news, the public chain project Sui Network stated on the X platform that in response to the accusation of "Sui insiders selling $400 million worth of tokens during this surge," the Sui Foundation would like to directly address this individual:During this period, no insiders, foundation, or employees of Mysten Labs (including the founders of Mysten Labs) or ML investors sold $400 million worth of tokens individually or collectively. Insiders did not participate in any preemptive sales or violate lock-up periods and circulation supply plans.Although the poster did not provide a wallet address, we believe the possible owner of the wallet is an infrastructure partner who holds tokens according to the lock-up period. All token lock-up periods are enforced by qualified custodians and continuously monitored by the Sui Foundation, and this partner complies with the regulations.

ChainCatcher news, according to The Block, Evan Cheng, co-founder and CEO of Sui blockchain development company Mysten Labs, stated in an interview in May that the "ChatGPT moment" for cryptocurrency could arrive at any time. In a recent interview at the Mainnet conference, Cheng reiterated that the moment has not yet arrived, but it is still just around the corner. As for how Cheng plans to lead Sui to this breakthrough, he believes that by catering to "disruptive developers" and conducting extensive experiments, his blockchain has the most potential to achieve this breakthrough.One of the upcoming eye-catching experiments from Sui is the SuiPlay0X1 handheld gaming device, which is now available for pre-order and is scheduled to launch in 2025. While some may view the device as a hardware play, similar to Solana's Web3 phone, Cheng sees the device as a software product rather than a hardware product.Cheng said, "This is a gaming device that can play all Windows games. It is better than other devices in terms of deep software integration and operating system integration. Even for existing Web3 gamers, it is a superior product due to the advantages of the software. Hardware is almost like a commodity, while the software experience is where the magic lies and is the key to success."Market data shows that SUI briefly reached $2.2485, setting a new all-time high.

ChainCatcher news, Adeniyi Abiodun, one of the co-founders of Mysten Labs, stated in an interview with Cointelegraph that research has been completed on using radio waves to provide offline encrypted transactions, allowing the Sui blockchain to transmit transactions using only underwater waves and long-distance radio, and even compress transactions into smaller text messages.Abiodun mentioned that Sui has tested this method and it "has been effective." The current task is to integrate it into IoT devices, which could also benefit decentralized physical infrastructure (DePIN) projects. Sui is collaborating with Canadian mobile service provider Chip Wireless to test its ideas and is considering expanding to target markets such as Africa.

ChainCatcher news, according to Venturebeat, the gaming startup Playtron has partnered with Mysten Labs to launch the handheld gaming device SuiPlay0x1, which is now available for pre-order until all available slots are sold out. The device is priced at $600 each (including shipping and taxes) and can be purchased using SUI, ETH, and SOL tokens.The first thousand customers who pre-order the SuiPlay device will receive a non-transferable soulbound NFT, which will provide special access, rewards, and benefits. Delivery of the pre-ordered devices will begin in 2025.

ChainCatcher news, according to Decrypt, Sui developer Mysten Labs has announced a partnership with Ant Group's Web3 brand ZAN. By integrating Sui, ZAN aims to accelerate the development and adoption of its Web3 applications.This collaboration will focus on providing technical support from Mysten Labs in two key areas: KYC infrastructure and RPC node services. ZAN will provide KYC services for Sui-based projects, offering blockchain compliance solutions. ZAN will also officially launch RPC node services for Sui, enhancing the blockchain's scalability and accessibility for developers and users in the Asia-Pacific region.Mysten Labs and ZAN will jointly explore construction opportunities in areas such as payments, data, and digital identity, with the goal of providing innovative solutions that benefit consumers, businesses, and local communities, while looking to discover and support Web3 super application opportunities.

ChainCatcher news, according to official sources, Mysten Labs has announced the launch of the decentralized storage and data availability protocol Walrus, suitable for blockchain applications and autonomous agents. A developer preview has been released to gather feedback.It is reported that the main advantages offered by this protocol include: cost-effective Blob storage, as well as high availability and robustness.

ChainCatcher news, Sui developer Mysten Labs co-founder Kostas Kryptos stated on social media that he is creating a modern cryptography and AI innovation center in Dubai and Abu Dhabi, and will attempt to "occasionally" invite well-known figures in the field.Currently, he has planned to release unique ideas surrounding ZKP, MPC, FHE, differential privacy, Web3 UX, Anon Credentials, on-chain AI, audit AI, DePIN data compression and parallelization, new key management, identity, voting, and verifiable execution.He stated that the goal is to "gradually elevate the technological level across the Middle East and North Africa region and discover the emergence of technologically competitive startups."

ChainCatcher news, Sui developer Mysten Labs co-founder Adeniyi cited data images from Artemis and stated that Sui had 190,800 daily active wallets on May 12, surpassing Aptos's 53,600 daily active wallets and Avalanche's 28,900 daily active wallets.

ChainCatcher news, Sui developer Mysten Labs has announced the launch of the SaaS product Enoki, which helps businesses seamlessly integrate the rich environment of blockchain into their services.It is reported that with the support of the Sui Network, Enoki can help businesses: provide embedded wallets, allowing customers to truly own their assets; access an open data layer to support participation strategies across multiple channels; and build solutions using APIs and SDKs—without the need for a new language.The initial features of Enoki for Sui include: zkLogin for frictionless account creation; Enoki Gas Pool for sponsoring transactions and reducing the funding requirements for wallets; and SuiNS, which provides human-readable account names for end users.

ChainCatcher news, according to GamesBeat, Mysten Labs has announced a collaboration with the open operating system company Playtron to launch an open gaming handheld.It is reported that the handheld will feature multiple game stores, including Sui Web3 Game and Epic Games Store.Adeniyi Abiodun, Chief Product Officer of Mysten Labs, stated in an interview that SuiPlay 0x1 will be the first handheld gaming console with native Web3 capabilities and will be available in global stores starting in 2025.

ChainCatcher news, according to Chainwire, Mysten Labs announced today that it has made progress in expanding blockchain capacity. During the testing and development process in the Sui blockchain environment, Pilotfish (Sui expansion prototype) achieved an 8-fold increase in throughput with the support of 8 machines, demonstrating the possibility of linear scalability. Notably, as more machines were added during testing, the latency per transaction decreased, which for the first time on a blockchain proved the feasibility of linear scalability for low-latency blockchain transactions. This proof of concept has been formally presented in the form of an academic preprint titled "Pilotfish: Decentralized Transaction Execution for the Sui Blockchain."Pilotfish achieves its scalability by enabling a single validator to execute transactions across multiple machines. Specifically, Pilotfish divides the validation function into three key roles: (1) Master Nodes, which use high-throughput consensus to process and order transactions; (2) Sequencing Workers (SW), which store transactions and schedule their execution; (3) Execution Workers (EW), which store the blockchain state and execute transactions received from SW. Different components can reside on multiple different machines to more precisely increase the system's capacity.In experimental results, Pilotfish has achieved success in linear scalability, low latency, and support for various workloads. In testing, Pilotfish reduced network response times and kept latency below 20ms. Future plans include enhancements such as multiple Sequencing Workers, sharding replication, and ultra-high-speed networks.

ChainCatcher news, according to official news, Sui announced on the X platform that Mysten Labs has decided to discontinue the maintenance of the official browser suiexplorer.com.In the future, browsers on Sui will showcase more options, including suiscan.xyz built by Suiscan and Suivision.xyz built by BlockVision.

ChainCatcher news, according to Crypto.news, the DeFi protocol Elixir announced the completion of an $8 million Series B funding round, led jointly by Mysten Labs and Maelstrom, with participation from Manifold, Arthur Hayes, Amber Group, GSR, Flowdesk, and others.It is reported that Elixir allows users to provide liquidity directly to trading pairs on order book exchanges and earn market maker rewards similar to AMMs. Its network supports significant liquidity from exchanges such as Vertex, Bluefin, RabbitX, and will integrate with platforms like dYdX and ApeX.Previously, Elixir completed a $7.5 million Series A funding round at a valuation of $100 million, led by Hack VC, with participation from NGC Ventures, AngelList Ventures, Bloccelerate, and angel investors from Ledger Prime, Genesis Trading, and Hudson River Trading.

ChainCatcher news, according to Decrypt, the esports organization Team Liquid announced a multi-year partnership with Sui developer Mysten Labs to create a new fan loyalty platform and NFT collectibles experience. The new platform is set to launch in the second quarter of 2024, allowing Team Liquid fans to obtain unique NFT collectibles. Team Liquid and Mysten Labs will also collaborate on marketing initiatives, including live streams and other content centered around Sui crypto games.It is reported that Team Liquid has previously received sponsorship from Coinbase and has collaborated with the developers of the crypto game Illuvium to create competitive scenes.