A crypto strategist known for making timely altcoin calls believes layer-1 protocol Sui (SUI) is gearing up to spark breakout rallies.

SUI has made some gigantic moves recently, posting strong bullish signals. In the last week, SUI registered an impressive 33% rally, pushing the price up to $1.18 at press time.

Ethena Labs, a leading decentralized finance (DeFi) provider known for its synthetic dollar operations, experienced a major security breach on September 18. Hackers compromised the front end of Ethena's website, prompting an immediate response from the company.

During the U.S. trading session on Wednesday, the cryptocurrency market witnessed a sudden uptick following the Fed interest rates by 50 BPS. The Bitcoin price surged above $60000 and sparked a renewed recovery momentum in the altcoin market.

Ethena Labs, the organization responsible for the decentralized synthetic dollar protocol, has suspended its website activities after a security breach on its domain registrar's account. To avert further harm, the company posted a notice on X (previously Twitter) and instructed users not to engage with any site or application that purports to be the Ethena

Up-and-coming finance-focused layer-1 blockchain protocol Sui (SUI) has been blasting higher recently, with the SUI price gaining 35% in the past seven days to hit $1.18, per CoinMarketCap data.

Layer-1 smart contract platform SUI Network (SUI) is surging after announcing plans to support the stablecoin USDC. In a new blog post, USDC issuer and payments platform Circle says that the network will be adding USDC as well as support for Cross-Chain Transfer Protocol (CCTP), which allows interoperability with other prominent blockchains.

Hackers attacked synthetic dollar issuer Ethena, but the protocol said its core blockchain infrastructure remained uncompromised. On Sept. 18, bad actors successfully breached the website of decentralized finance service provider Ethena Labs (ENA).

Web3 security platform Blockaid recently detected a potential front-end attack targeted towards Ethena Labs. Reportedly, the attackers used the latest version of Inferno drainer in this attack.

The Ethena website appears to have suffered a front-end attack, and users are encouraged not to interact with the platform.

The project noted the protocol itself is unaffected, but users should avoid “any site or application purporting to be the Ethena frontend."

Ethena Labs' frontend attack highlights the critical need for robust security measures to protect user interactions and maintain trust in DeFi platforms. The post Ethena Labs suffers frontend attack, confirms protocol remains unaffected appeared first on Crypto Briefing.

As Bitcoin consolidates, CKB and SUI lead the top gainers while the market anticipates the upcoming Federal Reserve rate decision.

Sui (SUI) has experienced a notable price surge in this struggling cryptocurrency market, resulting in a strong resistance breakout of $1.16. Following this breakout, the sentiment for SUI has turned bullish but it appears that a potential rate cut could spoil this positive sentiment.

Sui investors are up 150% since the early August massive sell-off.

Decentralized storage protocol Walrus aims to offer a cheaper, more secure and “tamper-proof” live archive of the crypto trade publication's content.

Sui has recorded an impressive price rally last day following the integration of native USDC on the platform. At the time of writing, Sui (SUI) was still up 10% over the past day, exchanging hands at $1.

Sui (SUI) has emerged as a noteworthy player, capturing the attention of both seasoned investors and newcomers. Over the past few weeks, Sui has shown a remarkable shift in its price trends, leading many to speculate whether it is on the brink of a significant breakout.

MoviePass announced a partnership with the Sui Foundation to integrate blockchain technology into the subscription service for cinemas.

Sui's bullish breakout could push prices to $1.50 and beyond as market momentum builds.

Sui has earned a reputation for its technical innovations, but is it the next “Solana Killer”? Industry experts assess both platforms' relative strengths.

Sui price has embarked on an unstoppable bull run, making it one of the best-performing cryptocurrencies in the industry. It soared to a high of $1.1752 on Wednesday morning, its highest point since April 30th and 151% above its lowest point in August.

A popular crypto analyst thinks the modular blockchain network Celestia (TIA) will collapse in price over the long term. Pseudonymous analyst Altcoin Sherpa tells his 222,800 followers on the social media platform X that TIA will plunge to below $1 eventually, though he acknowledges it could see some “random short squeezes” before that.

SUI, the network's native token, is up over 10% following the news and currently exchanging hands for $1.15.

The Sui Foundation has announced a new partnership with MoviePass, the U.S.-based movie subscription service. According to a press release shared with crypto.

Despite top cryptocurrencies struggling around their important resistance levels, the altcoin market has picked up pace over the past few days. Moreover, many tokens have recorded a double-digit surge.

dYdX's move into prediction markets could significantly boost DeFi's appeal and market share by offering unique, leveraged trading opportunities. The post dYdX prepares to bring perpetual futures to prediction markets appeared first on Crypto Briefing.

dYdX is expanding into prediction markets with perpetual futures, introducing permissionless market listings. CEO Charles d'Haussy emphasizes the need for distinct features in DeFi.

Circle plans on launching the USDC stablecoin on Sui sometime soon, according to Circle CEO Jeremy Allaire.

The revived MoviePass unveiled plans to integrate USDC via Sui to pay for subscriptions, plus the Sui Foundation has taken an equity stake.

Circle announced that USDC will soon be supported on the Sui blockchain, and will improve the network's security, usability, and interoperability.

Singapore, Singapore, 17th September 2024, Chainwire

The Sui Network is set to integrate USDC, enhancing DeFi utility and interoperability through increased liquidity and streamlined transactions.

Circle has announced its decision to launch its USD Coin (USDC) on the Sui network, a move that has promptly propelled the price of Sui (SUI) cryptocurrency. This initiative marks a continuation of USDC's expansion across multiple blockchain platforms, now totaling sixteen with the addition of Sui.

TL;DR USDC on Sui Network: Circle CEO Jeremy Allaire announced that USD Coin (USDC) will soon be natively supported on the Sui network, enhancing its interoperability and functionality. What is USDC?: USDC is a stablecoin pegged to the US dollar, widely trusted, and used across over 15 blockchain networks, including Ethereum and Solana.

Jeremy Allaire, Circle's Co-founder, Chairman, and CEO, hinted that native USDC would launch on the SUI ecosystem. An official ambassador of the SUI network, Edle, confirmed that many users hesitated to bridge USDC or USDT from Ether to SUI due to slow speeds and high gas fees.

WalletConnect, a protocol that facilitates connections between crypto wallets and decentralized applications, is set to launch its native Connect Token (WCT) on Optimism's OP Mainnet.

Circle has recently integrated USDC, its flagship stablecoin, into both Sony's Soneium, an Ethereum layer-2 solution, and the Sui blockchain.

Circle, the issuer of USD Coin (USDC), is expanding its stablecoin to the Sui network, a layer-1 (L1) blockchain platform.

Decentralized finance needs to develop a unique offering relative to centralized venues, dYdX Foundation CEO Charles d'Haussy said.

With the first Fed rate cut coming in tomorrow's FOMC meeting, the change to a looser monetary cycle is beginning. Bitcoin and crypto are likely to be beneficiaries of this easing.

Stablecoin issuer Circle is expanding its native issuance of USD Coin (USDC) and deploying its Cross-Chain Transfer Protocol on the layer-1 blockchain Sui. In a Sept.

Users and developers on Sui will benefit from a more seamless experience with USDC.

The UDSC stablecoin will soon become natively supported on the Sui network through the Cross-Chain Transfer Protocol.

Sui Network announces plans to integrate native USDC and Cross-Chain Transfer Protocol

Sui will soon integrate native USDC and CCTP, boosting its blockchain's liquidity and cross-chain transaction capabilities.

SUI shows bullish potential with price momentum and growing ecosystem.

Becoming one of the top-performing cryptos last week, the SUI price continued a bullish trend for two weeks. As the demand for altcoins grows and the broader market recovery chances improve with the rate cut possibilities, buyers are lining up for SUI.