Sui news

Sui Group Holdings, formerly Mill City Ventures, has rebranded and is positioning itself as a leading digital‑asset treasury (DAT) for the Sui ecosystem. The firm currently holds about 108 million SUI tokens, roughly $160 million, and aims to raise that stake to 5 % of the circulating supply. In a 2025 PIPE it raised $450 million, keeping $60 million on hand to avoid forced token sales. Beyond buying and staking, Sui Group is launching SuiUSDE, a native stablecoin built with the Sui Foundation and Ethena, and has a revenue‑sharing deal with Bluefin’s perpetual‑futures DEX. The company’s goal is to generate higher yields—up to 6 %—and become the central economic actor in the Sui network while providing public‑market investors a cleaner entry to its growth.

Sui blockchain is back online after a six‑hour outage that halted transactions, affecting more than $1 billion in value. The Foundation confirmed the outage at 3:24 pm UTC and resolved it at 8:44 pm UTC. This is Sui's second major outage since launch in May 2023, similar to Solana's past issues. Users are advised to refresh their apps; no explanation for the "Consensus outage" was provided.

Sui blockchain experienced a six-hour outage on January 14, halting new block production and leaving the layer-1 network offline. The issue, described as a network stall, was resolved by 4:30 p.m. ET after a fix was rolled out to validators. The SUI token traded near $1.85 with minimal impact, and the network’s foundation will release a full incident report in the coming days. It marks the second major outage in Sui’s history since its May 2023 launch.

Sui, a Layer‑1 blockchain from Mysten Labs, experienced a network stall that halted transaction processing for over three hours, with the last block mined at 14:22 UTC. Core developers confirmed the issue on X and announced active work on a fix, noting that dApps such as Slush and SuiScan might be unavailable. The outage follows a similar November 2024 validator crash and comes amid a period of strong growth and investor interest, including a recent leveraged ETF announcement.

Brian Quintenz, the former Trump‑appointed CFTC commissioner and former global head of policy at a16z crypto, has joined the board of SUI Group, a prediction‑market platform, to strengthen its regulatory and policy leadership in digital‑asset treasury strategy. Quintenz’s move follows his nomination for CFTC chair being withdrawn, leaving the agency short of four commissioners. Prior to joining SUI, he advised Crypto.com, served on Kalshi’s board and was involved in lobbying with Gemini founders, highlighting the trend of CFTC officials transitioning to the crypto industry.

SUI Group, a Nasdaq‑listed company tied to the Sui blockchain, announced the appointment of former CFTC commissioner Brian Quintenz as an independent director and audit committee member. The move follows CFO Joseph Geraci’s shift to observer status, leaving a five‑member board with three independents. Quintenz, who has overseen derivatives, fintech and bitcoin futures at the CFTC and led policy at a16z crypto, brings regulatory expertise to SUI’s treasury strategy. The company says his addition validates the Sui ecosystem and supports its institutional‑grade digital‑asset treasury platform.

Brian Quintenz, former CFTC commissioner whose nomination to lead the agency was withdrawn last fall, has joined the board of SUI Group Holdings (SUIG) effective Jan. 5. The Minnesota‑based company, which operates at the intersection of blockchain infrastructure and institutional finance, welcomed him as an independent director and audit committee member. SUI Group’s board now has five members, with three qualifying as independent under Nasdaq rules. The company holds roughly 108 million SUI tokens in its treasury. Quintenz’s appointment comes after advisory stints with Ubyx, a stable‑coin clearing system, and a seat on Kalshi’s board. The move follows the White House’s withdrawal of his CFTC chair nomination amid concerns over conflicts of interest and lobbying scrutiny, and precedes the confirmation of Michael Selig as the agency’s new chair.

Bitwise has filed a Form S-1 with the SEC to launch the "Bitwise Sui ETF," a spot ETF that will track the price of the Sui token; the filing names Coinbase Custody as custodian and does not yet reveal a ticker. The Sui token, launched in mid-2023, ranks 31st by market cap at about $4.98 B; the SEC recently approved a 2x leveraged Sui ETF, and other firms have submitted spot ETF filings, Bitwise's move comes amid a wave of crypto ETF approvals and the firm's expectation that the market will expand sharply in 2026.

Crypto index fund manager Bitwise filed a registration statement with the SEC to launch an exchange‑traded fund tracking Sui tokens, with Coinbase Custody as the custodian. The filing follows earlier applications from Canary Capital and 21Shares, the latter of which recently introduced a leveraged Sui ETF. Sui, the native token of the Sui Layer‑1 blockchain spun from Meta’s Diem, sits at 31st by market cap.

The 21Shares 2x SUI ETF (TXXS) marks the 74th crypto ETF to launch this year and the 128th overall, according to Bloomberg.