The high-performance blockchain engineered for fast and cheap transactions has garnered attention, reaching large stablecoin volumes after making stablecoin movements fee-free at the protocol level. According to Certik, the network has settled nearly $65 billion in stablecoins since June 10.
The SUI token pulled back after facing a technical rejection in the micro-resistance zone between $0.747 and $0.855. The circulating volume of the crypto asset stands close to 4 billion tokens out of a maximum supply set at 10 billion. The most relevant technical support levels for the current structure are fixed at $0.
SUI's latest rejection at a crucial resistance area has handed control back to the bears, keeping the asset trapped in a persistent downtrend. As downside momentum continues to dominate, attention is shifting toward key support levels that could determine whether SUI is headed for further losses or nearing a potential bottom.
StarkWare and Sui roll out confidential transfer systems as Zama boosts compliance efforts and Zcash's Orchard bug highlights risks in shielded privacy models.
Sui (SUI) has introduced its new Confidential Transfers feature in public beta on Devnet, marking a significant step toward privacy-focused blockchain transactions designed for institutional adoption. Announced on June 8, the feature allows token balances and transaction amounts to remain encrypted on-chain while still keeping sender and receiver addresses, token types, and transaction timestamps visible.
Sui has opened public testing for a new privacy system that hides token balances and transfer amounts while preserving access for auditors and compliance teams, introducing a model that differs sharply from traditional privacy-focused cryptocurrencies.
The new Sui protocol publicly hides balances and transfer amounts on the blockchain. The identities of the sender and receiver remain visible on the ledger to maintain basic traceability. Analytics firms TRM Labs and Merkle Science are collaborating on the development of technical compliance workflows.
Abu Dhabi, UAE, 8th June 2026, Chainwire
Sui announced it will incorporate confidential transfers into its network, as revealed by co-founder Adeniyi Abiodun in a thread published on X.
Sui mainnet stalled on May 28, halting block production and transaction finality for nearly an hour, while SUI fell about 8% on outage fears.
Sui's mainnet suffered three separate outages across May 28 and May 29 after the network's 1.72 release exposed edge cases in gas charging and validator restart logic, according to a postmortem from the Sui Foundation. The foundation said the issues have since been resolved, network activity has resumed, and “no user funds were at risk.
Sui suffered three outages in less than 48 hours on May 28 and 29, leaving the network down for more than 15 hours. The failures originated in bugs introduced in version 1.72 of the software, affecting gas fee logic and the on-chain randomness protocol.