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Mysten Labs CEO Evan Cheng waxes optimistically about the future of his blockchain and traditional tech's interest in web3.

A closely followed crypto strategist is updating his outlook on one red-hot altcoin amid a crypto market correction. Pseudonymous analyst Altcoin Sherpa tells his 215,800 followers on the social media platform X that he is long-term bullish on Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWAs).

Despite the broader market turning optimistic with Bitcoin's surge above $63,000, few altcoins struggle to make a comeback. This reflects an underlying fear in some altcoins that they could nosedive with minor market corrections. Amidst the altcoins projecting a stronger week, they reflect potential weakness or a volatile pivot, reflecting a dangerous turn.

Sui Network is currently celebrating the one-year completion of its mainnet launch. Over the last year, the Sui Network has emerged from a nascent ecosystem to a formidable Layer-1 decentralized platform.

Turbos Finance, a decentralized exchange (DEX), has unveiled two market-first liquidity strategies within the Sui (SUI) ecosystem, according to the information shared with Finbold on May 2.

The cloud division of one of the biggest companies in tech is teaming up with blockchain project Sui (SUI) to help build a more user-friendly, safer and smarter Web3. In a new announcement, Google Cloud says it is partnering with Sui to focus on improving Web3 security, scalability, developer tools and user experience through artificial intelligence (AI) technology.

Discover the market's top three coins that are not only making waves but are also among the fastest-growing cryptos.

Sui, the Layer 1 blockchain and smart contract platform, has made a groundbreaking move in the crypto world by announcing its partnership with Google Cloud. This strategic alliance, which has sparked widespread interest, sees the Layer 1 and Google Cloud teaming up to drive global Web3 innovation.

Sui partners with Google Cloud to enhance Web3 with security, AI tools, and scalable infrastructure for a seamless developer experience. The post Sui partners with Google Cloud to accelerate Web3 and AI integration appeared first on Crypto Briefing.

TL;DR Sui and Google Cloud collaborate to drive innovation in Web3. The focus is on improving security, scalability and development tools. Initiatives such as data for dApps, AI development and seamless user experience are highlighted. The recent collaboration between Sui blockchain and Google Cloud has garnered attention in the world of cryptocurrencies and blockchain technology.

The token's month-long underperformance has kicked off its week on a sour note.

TL;DR The Sui ecosystem, a Layer 1 blockchain for DeFi applications, is facing a crisis with a 25% drop in its Total Value Locked (TVL), which fell from a peak of $724 million to $535 million. Sui's native coin (SUI) has also experienced a significant downfall, with its price dropping to $1.17 from a record high of $2.

For crypto investors, the last several weeks have been a rollercoaster, with many assets seeing price dips and failing to post meaningful gains. The short-term outlook is bleak, despite some analysts' continued optimism on the market's long-term prospects.

The token's performance has dashed recovery hopes as it struggles far below its all-time high value.

The Sui network is very popular today, making headlines for its implementation of blockchain technology and its innovative ways of handling digital asset ownership. The Sui blockchain network has used parallel transaction execution, allowing it to process transactions faster than the existing Layer 1 blockchain networks.

Here is how some of your favorite assets concluded the week.

Wormhole (W) and SUI investors are currently counting their losses after enjoying massive gains. However, they can console themselves with the huge potential of Milei Moneda. $MEDA's presale promises 100% ROI, making it one of the top crypto to buy in 2024.

Defying the broader negative market sentiment, the token has resurged with healthy gains

BytePlus, a unit of TikTok owner ByteDance is going to partner with Mysten Labs to integrate AI algorithms in the Sui Blockchain. The firm's venture into Web3 and AI comes at a time when the industry has been gaining traction from both consumers and users.

BytePlus, the venture technology arm of TikTok parent company ByteDance is partnering with Sui builder Mysten Labs.

BytePlus has partnered with Mysten Labs to integrate its recommendation solutions and augmented reality technologies into the Sui blockchain.

BytePlus, ByteDance's innovation arm, ventures into blockchain with Sui, marking a milestone in the world of tech unicorns.

The native token of the Sui protocol has joined the new week's top gainers post-weekend crash.

First there was the Solana Saga, now there's the Sui SuiPlay0X1.