🚀 Mysten Labs Develops Offline Crypto Transactions Using Radio Waves
#MystenLabs #CryptoTransactions #RadioWaves #SuiBlockchain #IoT #DePIN #ChipWireless #Africa #SUI
According to Odaily, Mysten Labs co-founder Adeniyi Abiodun revealed in an interview with Cointelegraph that the company has completed research on enabling offline crypto transactions using radio waves. This innovation allows the Sui blockchain to transmit transactions using underwater waves and long-distance radio, and even compress transactions into smaller text messages. Abiodun stated that Sui has already tested this method and found it effective. The current focus is on integrating this technology into Internet of Things (IoT) devices, which could also benefit decentralized physical infrastructure (DePIN) projects. Sui is collaborating with Canadian mobile service provider Chip Wireless to test these ideas and is considering expanding to target markets such as Africa.#MystenLabs #CryptoTransactions #RadioWaves #SuiBlockchain #IoT #DePIN #ChipWireless #Africa #SUI
🚀 USDC To Launch On Sui Network
#USDC #SuiNetwork #stablecoin #blockchain #CCTP #Web3 #cryptocurrency #digitalcurrency #interoperability #Circle #MystenLabs #MoveProgramming #SuiEcosystem #SUI
According to Cointelegraph, USD Coin (USDC), the second-largest stablecoin by market capitalization, is set to be integrated into the layer-1 (L1) blockchain Sui network. This announcement was made by Jeremy Allaire, the co-founder and CEO of Circle, the issuer of USDC. Allaire shared the news on X on September 17, reposting an announcement from Sui network ambassador Stravia.sui111.sui.
As part of this integration, USDC will be natively supported on Sui through the Cross-Chain Transfer Protocol (CCTP). CCTP is a permissionless on-chain utility that facilitates USDC transfers between blockchain networks via native burning and minting. Launched in 2023, Sui is an L1 blockchain and smart contract platform designed to simplify and enhance the creation of applications and functions within the Web3 ecosystem. It utilizes the Move programming language and supports parallel transaction execution.
The integration of native USDC and CCTP is anticipated to enhance Sui’s usability, security, and interoperability for both users and developers. This sentiment was echoed in an announcement shared by the Sui Foundation. Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, the developer of the Sui network, stated that the availability of USDC as a native asset on Sui marks a significant milestone in the maturation of the Sui ecosystem. He emphasized that the combination of USDC’s technology with Sui’s capabilities provides the Sui community with seamless access to one of the world’s most trusted digital currencies, thereby solidifying Sui’s position as an industry leader.
Cointelegraph reached out to Circle for comments regarding the USDC launch on Sui but did not receive a response at the time of publication. This is a developing story, and further information will be provided as it becomes available.#USDC #SuiNetwork #stablecoin #blockchain #CCTP #Web3 #cryptocurrency #digitalcurrency #interoperability #Circle #MystenLabs #MoveProgramming #SuiEcosystem #SUI
🚀 Sui Foundation Addresses Allegations of Insider Token Sales
#SuiFoundation #TokenSales #Allegations #InsiderTrading #MystenLabs #Cryptocurrency #Blockchain #TokenLockup #Compliance #InfrastructurePartner #SUI
According to BlockBeats, on October 15, the Sui Foundation responded to allegations that insiders sold $400 million worth of tokens during a price surge. The foundation clarified that no insiders, including employees of the foundation or Mysten Labs, its founders, or investors, engaged in such sales, either individually or collectively. They emphasized that no insiders participated in any preemptive selling or violated lock-up and circulation supply plans.
The foundation noted that the accuser did not provide wallet addresses to support their claims. However, the Sui Foundation believes the wallet in question likely belongs to an infrastructure partner who holds tokens and adheres to the lock-up plan. All token lock-ups are executed by qualified custodians and continuously monitored by the Sui Foundation, ensuring the partner's operations are compliant.#SuiFoundation #TokenSales #Allegations #InsiderTrading #MystenLabs #Cryptocurrency #Blockchain #TokenLockup #Compliance #InfrastructurePartner #SUI
🚀 Mysten Labs Explores Web3 Gaming With New Hardware Device
#MystenLabs #Web3 #Gaming #SuiFoundation #AI #DeFi #NFTs #SuiPlay0X1 #Blockchain #Elympics #CryptoWallets #UserExperience #SUI
According to Cointelegraph, Christian Thompson, the chief information security officer at Mysten Labs, emphasized the significance of gaming as a sandbox for exploring various technologies at the Future Blockchain Summit in Dubai on Oct. 14. Mysten Labs, a primary contributor to the Sui Foundation, is leveraging gaming to delve into the Web3 space, which integrates artificial intelligence, decentralized finance (DeFi), and non-fungible tokens (NFTs).
Thompson highlighted that gaming offers Mysten Labs an experimental platform to apply these technologies. He stated, “Gaming isn’t just about gaming for us. It is really this idea that we get this sandbox and be able to explore all of the avenues of technology.” This approach is exemplified by their upcoming hardware gaming device, “SuiPlay0X1,” which was announced on Sept. 3 and is expected to be delivered in the first half of 2025. The device aims to enable users to play games built on the Sui blockchain and on PC, facilitating interaction with AI, DeFi, and NFTs.
Thompson explained that the SuiPlay0X1 represents Mysten Labs’ initial foray into hardware for gaming and Web3, providing users with a dynamic interaction with emerging technologies. He noted that the focus on hardware is intended to simplify user engagement with Web3 technology.
A survey by Web3 gaming protocol Elympics identified the complexity of crypto wallets as a significant barrier preventing gamers from trying Web3 games, with over 10% of participants citing this as the primary reason. Thompson acknowledged that the historical user experience of onboarding gamers into Web3 systems has been challenging. However, he shared that Mysten Labs is working on improving this experience by developing a method for users to obtain a wallet using their Facebook or Google accounts with a single click. He expressed optimism that the user experience will continue to improve over time, although there is still progress to be made.#MystenLabs #Web3 #Gaming #SuiFoundation #AI #DeFi #NFTs #SuiPlay0X1 #Blockchain #Elympics #CryptoWallets #UserExperience #SUI
🚀 Mysten Labs Launches Public Testnet For Walrus Protocol
#MystenLabs #WalrusProtocol #Testnet #DecentralizedStorage #Blockchain #DataAvailability #AutonomousAgents #BlobStorage #HighAvailability #Robustness
According to Odaily, Mysten Labs has announced the launch of the public testnet for its decentralized storage and data availability protocol, Walrus. This protocol is designed for blockchain applications and autonomous agents. The developer preview version has already been released to gather feedback from users and developers. Key advantages of the Walrus protocol include cost-effective blob storage, high availability, and robustness.#MystenLabs #WalrusProtocol #Testnet #DecentralizedStorage #Blockchain #DataAvailability #AutonomousAgents #BlobStorage #HighAvailability #Robustness
🚀 Sui Blockchain Team Establishes Incubator Center In Dubai
#SuiBlockchain #Dubai #IncubatorCenter #BlockchainDevelopers #Entrepreneurs #MystenLabs #SolutionEngineering #GhafGroup
According to Odaily, the Sui blockchain team has established an incubator center in Dubai aimed at supporting blockchain developers and entrepreneurs. Kostas Chalkias, co-founder and chief cryptographer of Mysten Labs, stated that they are building solution engineering in Dubai with the vision of bringing a large team of solution engineers to the city. The center is collaborating with the regional blockchain company Ghaf Group.#SuiBlockchain #Dubai #IncubatorCenter #BlockchainDevelopers #Entrepreneurs #MystenLabs #SolutionEngineering #GhafGroup
🚀 Christian Thompson Appointed As New Head Of Sui Foundation
#ChristianThompson #SuiFoundation #MystenLabs #Meta #Libra #Diem #blockchain #technology #finance #community
According to BlockBeats, the Sui Foundation has announced the appointment of Christian Thompson as its new head, effective December 23. Before joining Mysten Labs and the Sui Foundation, Thompson served as Deputy Chief Information Security Officer at Meta and was an early member of the Libra/Diem project. He also founded Knowledge Preserve and OnDetail, and has nearly a decade of experience in law enforcement. Additionally, Thompson established The Capital Quorum and co-founded the Capitola Public Safety and Community Services Foundation.
Thompson is expected to leverage his extensive experience in technology, finance, and blockchain to enhance the engagement of Sui enthusiasts, developers, and its growing global community.#ChristianThompson #SuiFoundation #MystenLabs #Meta #Libra #Diem #blockchain #technology #finance #community
🚀 Former Goldman Executive Joins Mysten Labs as Capital Markets Head
#MustafaAlNiama #MystenLabs #GoldmanSachs #SuiBlockchain #CapitalMarkets #DigitalAssets #Cryptocurrency #FinancialInstitutions #TokenizedFunds #BNYMellon
According to Foresight News, Mustafa Al Niama, the former head of Goldman Sachs' Americas digital assets division, is set to join Sui blockchain developer Mysten Labs as the head of capital markets. Al Niama aims to facilitate collaborations between the cryptocurrency company and major financial institutions.
Al Niama's career includes a four-year tenure at American Express before joining Goldman Sachs in 2015, where he eventually became the regional head of the digital assets division. One of his notable achievements was leading the initiative for a tokenized money market fund, announced in collaboration with BNY Mellon in July.#MustafaAlNiama #MystenLabs #GoldmanSachs #SuiBlockchain #CapitalMarkets #DigitalAssets #Cryptocurrency #FinancialInstitutions #TokenizedFunds #BNYMellon
🚀 Mysten Labs Launches Decentralized Management Service Seal for Sui
#MystenLabs #Seal #Sui #Move #decentralized #privacy #encryption #accesscontrol #identity #thresholdencryption
According to Foresight News, Mysten Labs has announced the launch of Seal, a decentralized private management service for Sui. Seal utilizes Move to enable programmable, application-specific access control logic. It employs identity and threshold-based encryption technology to ensure seamless and secure client encryption and decryption processes.#MystenLabs #Seal #Sui #Move #decentralized #privacy #encryption #accesscontrol #identity #thresholdencryption
🚀 Sui's Evolution to Unified Developer Platform Expected by 2026
#Sui #Blockchain #DeveloperPlatform #Decentralized #Stablecoin #GasFree #DeFi #BitcoinFinance #MachineTransactions #MystenLabs #SuiStack #Privacy #MarginTrading #Partnerships #2026 #SUI #BTC
According to Foresight News, Mysten Labs co-founder Adeniyi Abiodun announced on social media that Sui is set to evolve from a Layer 1 blockchain to a unified developer platform by 2026, known as the end-to-end decentralized development stack S2 (Sui StackStack). Abiodun views the features released over the past few years as pieces of a puzzle leading up to this convergence.
The updates planned for 2026 include protocol-level privacy for transactions, the introduction of USDsui as a stablecoin anchoring the Sui economy, and Slush as a consumer-facing entry point. By 2026, stablecoin transfers on the Sui network are expected to be completely free of gas fees. Additionally, DeepBook will launch margin trading capabilities and a referral commission/income-sharing model.
The initiative also includes the DeFi Moonshot Plan, aimed at funding the next generation of financial products, with the goal of making traditional finance appear outdated. Bitcoin Finance is expected to scale on Sui, and through Parasol, significant partnerships with major studios are anticipated, hinting at major announcements in 2026. Furthermore, Agentic Web will optimize platform capabilities for machine transactions on-chain.#Sui #Blockchain #DeveloperPlatform #Decentralized #Stablecoin #GasFree #DeFi #BitcoinFinance #MachineTransactions #MystenLabs #SuiStack #Privacy #MarginTrading #Partnerships #2026 #SUI #BTC
🚀 Mysten Labs and Yale Researchers Release Privacy Protection Paper Update
#MystenLabs #YaleUniversity #PrivacyProtection #Cryptocurrencies #KAnonymity #Confidentiality #Anonymity #CryptographicTechniques
According to Foresight News, members of Mysten Labs, including Foteini Baldimtsi, Kostas Kryptos Chalkias, and Arnab Roy, along with Yale University scholar Varun Madathil, have jointly released an updated paper on privacy protection. The article systematically reviews privacy protection technologies in cryptocurrencies with native privacy features. It compares various privacy concepts such as confidentiality, k-anonymity, complete anonymity, and the non-association of sender and recipient. Additionally, it categorizes the cryptographic techniques used to achieve these privacy assurances.#MystenLabs #YaleUniversity #PrivacyProtection #Cryptocurrencies #KAnonymity #Confidentiality #Anonymity #CryptographicTechniques
🚀 Mysten Labs Leads Sui's Tech and User-Focused Design
#MystenLabs #Sui #Blockchain #TechLeadership #Cryptography #ComputerScience #ProductDevelopment #MoveProgrammingLanguage #Innovation #BlockchainIndustry #UserCentricDesign #SUI
Mysten Labs, a team formed by former leaders of Facebook's blockchain project, is at the forefront of Sui's technology and user-centric design. Grayscale posted on X that Mysten Labs brings a wealth of award-winning technical expertise in cryptography, computer science, and product development. Key figures in the team include Evan Cheng, creator of the Move programming language, Sam Blackshear, Emanuele Abio, George Danezis, and Kostas Chalkias. Mysten Labs is recognized for its innovative contributions to the blockchain industry, leveraging their extensive experience to enhance Sui's offerings.#MystenLabs #Sui #Blockchain #TechLeadership #Cryptography #ComputerScience #ProductDevelopment #MoveProgrammingLanguage #Innovation #BlockchainIndustry #UserCentricDesign #SUI
🚀 Scallop Lend Completes Formal Verification by Asymptotic
#ScallopLend #FormalVerification #Asymptotic #MystenLabs #PANews #ProtocolSecurity #SmartContracts #DeFi #Audit #Blockchain
Scallop Lend has successfully completed a comprehensive formal verification conducted by Asymptotic, the official audit partner of Mysten Labs. According to PANews, the verification confirmed the mathematical correctness of the protocol's core mechanisms, including key accounting logic, liquidation calculations, access control, and fixed-point arithmetic operations.#ScallopLend #FormalVerification #Asymptotic #MystenLabs #PANews #ProtocolSecurity #SmartContracts #DeFi #Audit #Blockchain