Thanks to Carl for the selfless sharing. I dare not short SUI for now, since I've already taken all the money to buy $LAUNCHCOIN, $LTC, and ICM tokens.
I'll come back to short SUI after this news has fermented. 😋
Sui has had a lot of updates in the past month, here is the latest information I got at @SuiNetwork Suifest:
TL:DR
1. Launched AP2 protocol with @Google, supporting AI agents for autonomous trading, positioning Sui as the AI-Web3 underlying layer.
2. Jointly launched suiUSDe and USDi native stablecoins with @ethena_labs.
3. Established DAT: SUI Group Holdings: A public company holding 81.8 million SUI (~$316 million) for SUI token buybacks.
4. @XMoney led a $21.5 million investment in a MiCA-compliant payment company.
5. The @suiballO wallet launched by Citadell Wallet sold out in just 3 days.
6. The total DEX trading volume increased by 50-70% compared to early September, with TVL rising from $1.997 billion on September 1 to $2.586 billion on October 8, a 29% increase, setting a new historical high.
7. Launched Hashi, a Bitcoin custody and orchestration protocol developed by Mysten Labs (I boldly predict that Sui will likely launch its own BTC soon).
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