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The Sui Foundation has announced a partnership with Babylon Labs, Lombard Protocol, and Cubist to integrate Bitcoin into the Sui ecosystem.

Starting in December, Bitcoin holders will have the ability to stake their BTC through the Bitcoin layer-2 network Babylon.

Sui is entering the Bitcoin staking market through partnerships with Babylon Labs and Lombard Protocol. The collaboration between Sui (SUI), Babylon and Lombard targets the $1.8 trillion Bitcoin (BTC) market, with staking a major attraction for users.

Sui, the emerging Layer 1 blockchain, is set to launch Bitcoin staking in December, marking a significant step toward integrating Bitcoin into decentralized finance (DeFi).

Sui integrates Bitcoin for liquid staking with Babylon and Lombard, tapping into BTC's $1.8T market. The post Sui taps Bitcoin's $1.8 trillion market with liquid staking integration appeared first on Crypto Briefing.

Starting in December, Bitcoin holders will be able to stake BTC on Babylon, a Bitcoin layer-2, from the Sui network.

TL;DR Sui integrates Bitcoin liquidity by creating $LBTC, a native token of its blockchain. Bitcoin holders will be able to participate in Sui's DeFi ecosystem without having to sell their BTC. The integration of $LBTC will open up new opportunities for lending and financing platforms on the Sui network.

Sui Network's record 4.64 billion transactions in 2024 signal strong growth, pushing SUI's price to $3.42 with bullish momentum.

TL;DR This week, token unlocks in the crypto ecosystem will exceed $980 million, distributed across networks and protocols with different release models. Sui (SUI) leads cliff unlocks with $213.77 million in tokens, while Solana dominates linear releases by unlocking $131.69 million in assets.

Bybit, the world's second-largest crypto exchange by trading volume, has announced the launch of Sui Wonderland 2024, a landmark initiative aimed at driving engagement and innovation within the Sui blockchain ecosystem. The campaign integrates airdrops, staking programs, and trading opportunities, making it easier for users to participate in the dynamic Web3 landscape.

Sui (SUI) dominates the upcoming cliff-based token unlocks this week with 64.19 million tokens valued at $213.77 million, representing 2.26% of its circulating supply. The protocol leads a fleet of unlocks scheduled between November 25 and December 2.

Recently Kyle Doops, host of Crypto Banter's Trading Show, has revealed many new altcoins that weren't part of previous market cycles. While altcoins haven't yet broken out, he sees strong signs of a potential surge. Kyledoops believes that once key resistance levels are breached, dips could present buying opportunities.

This unprecedented record has sparked talks of a potential price surge.

SUI was gaining attention as positive sentiment builds around the asset.

As crypto buyers and enthusiasts eagerly await the anticipated alt season, Bitcoin effortlessly makes new ATH every 12 hours. Simultaneously, three coins have emerged as red-hot picks: $MASH, SUI, and TON.

Sui Network, a popular blockchain supporting the SUI coin, encountered a major disruption today, bringing its block production to a halt. The interruption, which began at 12:15 PM UTC, left the network unable to process transactions for several minutes, causing concerns among its users and community members.

With Bitcoin price remaining volatile and struggling to reach the $100,000 mark, the altcoin rally is gaining momentum. Despite the 99k buyers and 100k sellers going at it, the smart money is flowing into the altcoin segment.

The SUI token experienced a 115% month-over-month gain in October and continues to appreciate as it emerges as a Solana competitor.

Sui Foundation partners with Franklin Templeton Digital Assets to drive blockchain-based innovation, supporting developers and expanding decentralized finance applications using the Sui blockchain protocol. The post Sui Partners with Franklin Templeton for Blockchain Development appeared first on Cryptonews.

The asset manager will support builders on Sui and pilot emerging blockchain technologies on the network.

The asset manager will support builders on Sui and pilot emerging blockchain technologies on the network.

In a strategic move, Sui Network, a fast-growing layer 1 blockchain known for its innovative use of the Move programming language, has partnered with Franklin Templeton Digital Assets, a global leader in asset management with over $1.5 trillion in assets under management.

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Key points of the news: Sui and Franklin Templeton have formed a strategic partnership to strengthen the blockchain ecosystem and support developers. Franklin Templeton, with experience in digital assets since 2018, will back projects like Deepbook, Karrier One, and Ika.