mysten

ChainCatcher reported live that Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He stated that the core team members come from Facebook and were responsible for launching the global payment network Libra, aiming to make fund transfers as simple as sending messages. He announced that Sui will be the first high-speed public blockchain to achieve zero transaction fees for transfers across the network, regardless of the transfer amount ranging from $0.0005 to $1 billion, covering all stablecoins such as USDC, USDT, and Sui Dollar.In terms of privacy, Sui will provide bank-grade on-chain privacy, utilizing advanced cryptography to ensure that transaction history and balances are not visible to third parties, while fully compliant with regulatory requirements. Regarding yields, he introduced the Sui Dollar launched in collaboration with Stripe, which generates approximately 3.5% returns that will be directly reinvested into the network ecosystem and users, rather than flowing to intermediaries.He also announced the launch of the Bitcoin DeFi protocol Hashi aimed at institutions, allowing sovereign wealth funds, hedge funds, and ETF holders to deploy Bitcoin into DeFi for yields without triggering taxable events, supported by legal opinions from top U.S. law firm Fenwick & West. Additionally, Sui's on-chain deep order book DeepBook supports large transactions with extremely low slippage for instant on-chain exchanges between assets such as BTC, gold, USD, and EUR.In the AI agent economy, he pointed out that Stripe estimates a need for processing capacity of 1 billion transactions per second in the future, while Sui employs a horizontally scalable architecture similar to that of Google Search and Facebook infrastructure, capable of scaling on demand to millions or even tens of millions of TPS. The full-stack atomic composability provided by Sui is its core differentiated advantage, allowing agents to execute multiple cross-application transactions simultaneously and settle them in one go, which cannot be achieved on AWS, Google, or any existing Web3 platform. He also announced a partnership with RedotPay, enabling users to spend Sui Dollars at over 130 million merchants worldwide and positioning Sui as an alternative to SWIFT.

The CEO of Mysten Labs, evan.sui, stated in a recent interview that he does not agree with the notion of "bear markets are great, keep building." In fact, bear markets are not "great" and are not worth celebrating or boasting about. The volatility does not merely "cleanse the market," but can scare away builders and users, leading to a smaller talent pool and slower adoption processes. While bear markets may allow a few teams to focus more, packaging it as beneficial for everyone overlooks the real costs and can harm the long-term development of the crypto industry. During downturns, many people lose their savings, cash flow breaks down, and even some strong teams may not be able to survive, which genuinely harms many individuals.

ChainCatcher news, according to Cointelegraph, the U.S. SEC cryptocurrency working group met with the Sui development team Mysten Labs on September 9 to discuss solutions to issues related to the regulation of crypto assets.

ChainCatcher news, according to official information from Mysten Labs, the technical issue with the Walrus airdrop claim feature in the Sui wallet has been resolved. Users can now claim the airdrop normally.

ChainCatcher message, Mysten Labs stated that they have noticed some users encountering issues while claiming the Walrus airdrop using the Sui Wallet. The team is actively working to resolve the issue.

ChainCatcher news, Sui's parent company Mysten Labs announced the acquisition of the game development platform Parasol, with the specific acquisition amount not disclosed.Parasol is an end-to-end platform that enables game developers to integrate blockchain infrastructure into their games.

ChainCatcher news, according to The Block, the Sui ecosystem AI Agent content platform FanTV has completed a $3 million financing round, with participation from Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital.The project previously completed a $5.5 million financing round, with participation from Multicoin Capital, Woodstock Fund, Krafton, IOSG Ventures, Pravega Ventures, and Tykhe Block Ventures.According to the Web3 asset data platform RootData, FanTV is a Web3-based video + live social platform aimed at empowering creators by providing streaming, community, and monetization services, facilitating the transformation of the on-chain creator economy.

ChainCatcher news, according to The Block, Mysten Labs' Chief Legal Officer Kevin Boon will take on the role of President.It is reported that one of his biggest responsibilities will be to help lead Mysten Labs in launching the mainnet of the Walrus Protocol, which is expected to "soon" start in 2025.

ChainCatcher message, FTX creditor Sunil posted on platform X stating: "SUI has reached $5.2, with a market cap of $16 billion. FTX sold 890 million SUI (warrants) + equity to Mysten Labs for $96 million in March 2023, and these tokens are now worth about $4.6 billion."

ChainCatcher news, according to The Block, Evan Cheng, co-founder and CEO of Sui blockchain development company Mysten Labs, stated in an interview in May that the "ChatGPT moment" for cryptocurrency could arrive at any time. In a recent interview at the Mainnet conference, Cheng reiterated that the moment has not yet arrived, but it is still just around the corner. As for how Cheng plans to lead Sui to this breakthrough, he believes that by catering to "disruptive developers" and conducting extensive experiments, his blockchain has the most potential to achieve this breakthrough.One of the upcoming eye-catching experiments from Sui is the SuiPlay0X1 handheld gaming device, which is now available for pre-order and is scheduled to launch in 2025. While some may view the device as a hardware play, similar to Solana's Web3 phone, Cheng sees the device as a software product rather than a hardware product.Cheng said, "This is a gaming device that can play all Windows games. It is better than other devices in terms of deep software integration and operating system integration. Even for existing Web3 gamers, it is a superior product due to the advantages of the software. Hardware is almost like a commodity, while the software experience is where the magic lies and is the key to success."Market data shows that SUI briefly reached $2.2485, setting a new all-time high.

ChainCatcher news, Adeniyi Abiodun, one of the co-founders of Mysten Labs, stated in an interview with Cointelegraph that research has been completed on using radio waves to provide offline encrypted transactions, allowing the Sui blockchain to transmit transactions using only underwater waves and long-distance radio, and even compress transactions into smaller text messages.Abiodun mentioned that Sui has tested this method and it "has been effective." The current task is to integrate it into IoT devices, which could also benefit decentralized physical infrastructure (DePIN) projects. Sui is collaborating with Canadian mobile service provider Chip Wireless to test its ideas and is considering expanding to target markets such as Africa.

ChainCatcher news, according to Venturebeat, the gaming startup Playtron has partnered with Mysten Labs to launch the handheld gaming device SuiPlay0x1, which is now available for pre-order until all available slots are sold out. The device is priced at $600 each (including shipping and taxes) and can be purchased using SUI, ETH, and SOL tokens.The first thousand customers who pre-order the SuiPlay device will receive a non-transferable soulbound NFT, which will provide special access, rewards, and benefits. Delivery of the pre-ordered devices will begin in 2025.

ChainCatcher news, according to Decrypt, Sui developer Mysten Labs has announced a partnership with Ant Group's Web3 brand ZAN. By integrating Sui, ZAN aims to accelerate the development and adoption of its Web3 applications.This collaboration will focus on providing technical support from Mysten Labs in two key areas: KYC infrastructure and RPC node services. ZAN will provide KYC services for Sui-based projects, offering blockchain compliance solutions. ZAN will also officially launch RPC node services for Sui, enhancing the blockchain's scalability and accessibility for developers and users in the Asia-Pacific region.Mysten Labs and ZAN will jointly explore construction opportunities in areas such as payments, data, and digital identity, with the goal of providing innovative solutions that benefit consumers, businesses, and local communities, while looking to discover and support Web3 super application opportunities.

ChainCatcher news, according to official sources, Mysten Labs has announced the launch of the decentralized storage and data availability protocol Walrus, suitable for blockchain applications and autonomous agents. A developer preview has been released to gather feedback.It is reported that the main advantages offered by this protocol include: cost-effective Blob storage, as well as high availability and robustness.

ChainCatcher news, Sui developer Mysten Labs co-founder Kostas Kryptos stated on social media that he is creating a modern cryptography and AI innovation center in Dubai and Abu Dhabi, and will attempt to "occasionally" invite well-known figures in the field.Currently, he has planned to release unique ideas surrounding ZKP, MPC, FHE, differential privacy, Web3 UX, Anon Credentials, on-chain AI, audit AI, DePIN data compression and parallelization, new key management, identity, voting, and verifiable execution.He stated that the goal is to "gradually elevate the technological level across the Middle East and North Africa region and discover the emergence of technologically competitive startups."

ChainCatcher news, Sui developer Mysten Labs has announced the launch of the SaaS product Enoki, which helps businesses seamlessly integrate the rich environment of blockchain into their services.It is reported that with the support of the Sui Network, Enoki can help businesses: provide embedded wallets, allowing customers to truly own their assets; access an open data layer to support participation strategies across multiple channels; and build solutions using APIs and SDKs—without the need for a new language.The initial features of Enoki for Sui include: zkLogin for frictionless account creation; Enoki Gas Pool for sponsoring transactions and reducing the funding requirements for wallets; and SuiNS, which provides human-readable account names for end users.

ChainCatcher news, according to GamesBeat, Mysten Labs has announced a collaboration with the open operating system company Playtron to launch an open gaming handheld.It is reported that the handheld will feature multiple game stores, including Sui Web3 Game and Epic Games Store.Adeniyi Abiodun, Chief Product Officer of Mysten Labs, stated in an interview that SuiPlay 0x1 will be the first handheld gaming console with native Web3 capabilities and will be available in global stores starting in 2025.