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The foundation will reclaim 117 million SUI tokens worth $51.3 million from market makers to strengthen its DeFi ecosystem.

Mysten Labs' Layer 1 blockchain seeks to spur additional growth by redistributing the sui token which is down considerably since May.

The platform's v2 allows sub-second optimistic trades and trading without a crypto wallet, the company said.

Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices falling below the $28,000 level on Tuesday. Ethereum (CRYPTO: ETH) also moved lower, falling below the key $1,700 mark this morning.

Cryptocurrency prices nosedived on Tuesday as concerns about the bond market intensified. Bitcoin, the biggest coin in the world, dropped by more than 3% to a low of $27,500. Similarly, Ethereum tumbled by 4% to 1,658%. Rising bond yields Some of the worst-performing altcoins were Pepe, Sui, ThorChain, Arbitrum, and Optimism.

SUI and DYDX will unlock a substantial amount of their total supplies on 3 October 2023, which can cause their prices to drop in the near term

Axie Infinity, Optimism, and Aptos are gearing up for token releases in October, collectively injecting over $130M into the market.

According to TokenUnlocks, a series of large-amount unlocks are slated for October, involving tokens like SUI, IMX, APT, APE, AXS and OP. The total unlock value for these tokens is estimated to exceed $174 million, a significant amount that could potentially impact the market dynamics of these assets.

The Sui Foundation has earmarked over $1.05 million for 17 new projects aimed at bolstering the development and adoption of Sui. This initiative encompasses a wide range of sectors within the Sui ecosystem, including DeFi, gaming, and on-chain solutions, showcasing the foundation's dedication to fostering innovation and expanding the decentralized platform.

Sui Blockchain, the Ethereum alternative launched with a lot of fanfare a few months ago, is struggling to gain traction and is continually diluting its token holders. The network's next dilution will happen on Friday when it will unlock another huge tranche of 1 million SUI tokens worth over $465k.

Sui Foundation has announced that the zkLogin launch is now live on the mainnet.

NHN Corporation announced Friday that it has partnered with U.S.-based Mysten Labs to launch an on-chain game scheduled for 2024.

NHN said it chose the Sui blockchain for its crypto game development thanks to its low transaction fees, fast processing time, and high scalability.

NHN plans to launch their first gaming products on the Sui Network in 2024

The Sui blockchain recently announced a new innovation that will make it easier to bridge the gap between Web3 and Web2 companies. The company introduced zkLogin, which would enable users to log into the Sui ecosystem using their web2 credentials, such as those from Google, Facebook, and Twitch.

Sui builds a Google & Facebook gateway to Web3 apps in a quest to erase the hassle for new users.

In a groundbreaking announcement made on September 13, the Sui Foundation has introduced a pioneering addition to the ever-evolving blockchain landscape. The Sui Network, renowned for its innovation in blockchain technology, has taken the wraps off its revolutionary zkLogin feature.

Sui Network, a prominent layer-one blockchain, is advancing its efforts to make Web3s entrance smoother for the average internet user. Their most recent development allows individuals to use Sui-supported applications with the help of familiar login details from platforms like Google, Facebook, and Twitch.

In a significant leap towards mainstream adoption of blockchain technology, Sui Network has unveiled zkLogin, a revolutionary feature that enables users to access decentralized applications (DApps) with the ease of their social media logins. This user-friendly approach eliminates the need for complex crypto wallets and seed phrases, making blockchain more accessible to a wider audience.

Sui Network will now allow users to join its ecosystem without having to install a wallet or manage seed phrases.

In the realm of content creation, three pivotal factors come into play: “perplexity,” “burstiness,” and “predictability.

In a press release dated September 13, the Sui Foundation announced a new feature called zkLogin (Zero Knowledge login), allowing users to access decentralized applications (dapps) using their Google, Facebook, and Twitch login credentials. This move is aimed at simplifying web3 access and making it more user-friendly, eliminating the need to manage external crypto wallets or seed phrases.

The Layer 1 protocol Sui has announced zkLogin, which aims to onboard the next billion users to Web3 bringing mass adoption.

The Sui Network aims to simplify web3 access, enabling user registrations on its apps without having to manage an external crypto wallet or seed phrase.