The attack, which began in the early hours of Wednesday, caused SUI’s token price to drop by over 15%, currently trading near $3.90. The exploit has raised fresh alarms over the persistent vulnerabilities facing Web3 platforms, even those built on next-gen blockchains like Sui.
According to MyStonks, more than 95 tokenized U.S. equities are available on the platform at launch, including high-volume names such as AAPL, AMZN, DIS, GOOGL, META, MSFT, NFLX, and NVDA. The company claims the platform delivers compliance, security, and auditability through Fidelity’s infrastructure and smart contract governance.
The broader vision behind Converge stems from concerns over DeFi’s stagnation since its peak in 2021. Domingo believes the lack of institutional adoption has hindered further growth, potentially limiting the next market cycle’s full potential.
Intents represent a shift from traditional blockchain architectures that require users to navigate complex transaction processes. Instead, users can simply express their desired outcome, allowing the protocol to manage the intricate details of execution.
Bitpanda announced it had secured its license from Germany’s Federal Financial Supervisory Authority (BaFin), while OKX and Crypto.com gained accreditation in Malta.
