The network was recently plunged into a multi-hour blackout, raising reliability concerns.

Sui Network experienced a brief outage due to a bug in congestion control. Swift action by engineers and validators restored operations within minutes, highlighting effective incident response.

Sui's ecosystem is evolving with the introduction of native stablecoins, reshaping DeFi and unlocking new opportunities. Explore the impact of USDY, AUSD, USDC, and FDUSD.

Cryptocurrencies dominate the global financial space with relentless surges. Amidst the optimism, attention turned to individual coins, with mixed actions. Meanwhile, Solana, SUI, and the new $QUANT stole the show for different reasons. Let us find out more. Solana targets further gains The alt hovers above $250 during this writing, exhibiting significant bullish momentum.

Earlier today, the Layer-1 blockchain Sui experienced a two-hour blackout, halting block production and rendering transaction processing impossible. This network outage led to a slight dip in SUI's price, falling from $3.73 to $3.64.

Sui Network resumed operations after a two-hour outage.

SUI's network had a two-hour network outage, followed by a shorter 29-minute block lag on November 21. The chain had an all-time high record for transactions per second, which led up to a bug for validators to produce and propagate blocks.

Sui Network experienced its first major outage Thursday, grinding the network to a halt for two hours due to a bug.

Sui, decentralized Layer-1 blockchain. faced a two-hour outage early on November 21 before recovering.

The Sui network experienced an outage, halting block production for over 2 hours.

The downtime had immediate repercussions for Sui (SUI), the blockchain's native cryptocurrency with its value dropping 11%.

Sui Network dubbed the ‘Solana (SOL) killer,' suffered a major outage on November 21, which halted block production for over an hour.

For 51 minutes, blocks were not produced and transactions were not processed.

At press time, the SUI status page had confirmed that block production had resumed.

SUI price tanked after the incident but quickly recovered.

The downtime was caused by a bug in its transaction scheduling.

Decentralized Layer-1 blockchain Sui Network faced a major downtime with no blocks produced in the last few hours. The data from Suivision showed that the network faced a “major outage” as some validators faced problems with approving transactions.

TL;DR On November 21, 2024, the Sui blockchain experienced a significant outage, halting block production for over an hour and causing widespread concern among users and stakeholders. The outage led to an 11% drop in the SUI token's value, with major exchanges like Upbit temporarily disabling SUI deposits and withdrawals to protect users.

Layer-1 blockchain, Sui, has confirmed that its network is currently down and unable to process transactions. In a Nov. 21 statement, the team behind Sui identified the issue and announced that a fix would be deployed shortly.

The Sui blockchain experienced a significant outage today, halting block production for over an hour due to issues with validators, raising concerns about the network's stability and prompting investigations by the development team. The post Breaking: Sui Network Crashes for Over an Hour, Block Production Halted appeared first on Cryptonews.

The Sui Network is suspected to be down for more than two hours. The protocol has not produced any new transaction blocks since Nov. 21 UTC 9:15.

The Sui network has ceased block production for over two hours, leading to a sharp decline in the token's price. Data from suivision and suiscan indicate that block generation stopped at 09:15 UTC today, and the network has yet to resume normal operations.

Sui Network, a Layer 1 blockchain, has been down for nearly two hours. The team appears to be investigating the issue.

Exchanges like the South Korean crypto exchange Upbit have temporarily disabled SUI deposits and withdrawals amid the network outage.

The South Korean crypto exchange Upbit had temporarily disabled SUI deposits and withdrawals amid the network outage.

MemeFi addressed token-claiming concerns, established cooperation with OKX and Sui, and announced major exchange listings and giveaways.

The crypto market is witnessing a strong upward trend, fueling optimism among investors seeking lucrative opportunities. Several affordable crypto to buy under $10 have emerged as potential game-changers for generating significant profits.

TIA's downward trajectory is becoming increasingly evident.

Cryptocurrency conglomerate Digital Currency Group (DCG) is making a big splash in the realm of decentralized artificial intelligence (AI), with a keen focus on the Bittensor (CRYPTO: TAO) ecosystem. What happened: Barry Silbert, the head of DCG and an early champion of cryptocurrencies, will lead the new venture called Yuma, aimed at supporting businesses that want to build and deploy AI models on Bittensor, according to a Wednesday press release.

Digital Currency Group (DCG) has unveiled Yuma, a new subsidiary dedicated to accelerating startups building decentralized intelligence projects using Bittensor's infrastructure. According to the firm's statement, the move is a strategic foray into converging crypto and artificial intelligence (AI), two sectors poised for exponential growth.

Digital Currency Group, the parent company of Grayscale and Foundry, has launched a new decentralized intelligence subsidiary named Yuma. According to a press release on Nov.

Crypto venture capital firm Digital Currency Group (DCG) is looking to promote the development of Bittensor (TAO), a decentralized Artificial Intelligence (AI) protocol. The firm aims to achieve this goal through Yuma Group.

DCG's Barry Silbert launches Yuma, a decentralized AI venture, to develop projects for Bittensor's innovative AI network. The post DCG's Barry Silbert unveils decentralized AI venture to fund Bittensor projects appeared first on Crypto Briefing.

Barry Silbert will be the CEO of Yuma, a new DCG company focused on incubating and building new businesses within Bittensor's decentralized AI ecosystem.

Aptos (APT) recorded a 37.6% surge in the last two weeks, reclaiming its Q1 levels. According to some market watchers, the cryptocurrency's recent performance follows SUI's lead, which has set the stage for a massive rally toward a new all-time high (ATH) in the coming weeks.

Bitcoin (BTC) hit a new all-time high of $94,041 after BlackRock, the world's largest asset manager, officially launched the iShares Bitcoin Trust ETF (IBIT) for options trading. However, it declined after reaching this level and is currently trading at $92,114, up almost 1% over the past 24 hours.

TAO was trading at $488.4, a zone that has previously triggered price reversals. Will the same happen this time around?

The altcoin market is buzzing with activity as several key players show promise in the current market. From Solana's rise to the developments surrounding Ripple's XRP, there's much to keep an eye on. Here's a look at some of the altcoins currently in the spotlight, based on the latest analysis from CryptosRus.

Bitcoin maintaining above $85,000 improves the price prospects for SOL, AVAX, SUI, and NEAR.

Fantom (FTM) has been moving through a volatile price cycle recently, despite the broader cryptocurrency market's continued uptrend. Over the past two days, FTM experienced a significant 14% drop, drawing attention from traders and analysts alike.

Web3 gaming studio Drift Zone secured a $190,000 grant from the Sei network to integrate its ecosystem on the blockchain.

This week, we examine Ripple, Cardano, Dogecoin, Shiba Inu, and Sui in greater detail. Ripple (XRP) XRP is quickly approaching $1 and has impressed with a 47% price increase in the past seven days.

Story Highlights The Sui price achieved a new ATH of $3.51. Technical indicators hint at a potential surge toward a high target price. EMA 50-day records a strong bullish support in the daily time frame. The Sui cryptocurrency has successfully achieved a new all-time high (ATH) of $3.51 during the early Asian trading hours.

With the crypto market briefly reaching the $3 trillion mark, the upside potential is uncharted in the crypto industry. Amid such conditions, many new altcoins are creating new all-time high levels and continuing to soar. However, smart money is on the lookout to find the next big thing in the crypto world.

Sui Network (SUI) has recently demonstrated impressive growth in its decentralized exchange (DEX) trading volume, surpassing Aptos (APT) by a significant margin. SUI's trading volume reached $28 billion, three times that of Aptos, which recorded $9.4 billion.

Team Liquid launches the MyBlue platform on Sui, offering fans a customizable digital avatar and unique fan engagement experiences, reinforcing their connection to esports.

The Weighted Sentiment remained firmly bullish and has been for most of the past month, as Sui maintained its uptrend.

Explore how Sui tackles Web3 security risks with user-level and protocol-level safeguards, creating a safer ecosystem for decentralized interactions.