Sui Network (SUI) Faces Second Day of Outages After Upgrade

The post Wall Street’s trillion-dollar dilemma: Why AI-powered hackers are keeping big banks off the blockchain appeared on BitcoinEthereumNews.com. Traditional financial institutions are preparing to move trillions of dollars of assets onchain, but the risk of hacks and exploits is putting them off, according to blockchain security firm CertiK’s CEO Ronghui Gu. “Right now, more and more institutions are trying to move assets onchain,” Gu told CoinDesk in an interview. “They imagine that, let’s say in 10 years, multiple trillion dollars — even tens of trillions of dollars — of assets are going to move onchain.” The potentially massive migration of financial assets is hitting a wall because, although bankers and legacy institutions want to capture the efficiency of decentralized ledgers, the current operational reality is still too risky for conservative capital allocators. “When they move assets onchain, they need to face all these AI attacks, smart contract vulnerabilities, oracle man

The post Ripple and Stellar: Pioneers of a Balanced Financial Future appeared on BitcoinEthereumNews.com. SMQKE, known for insights into the cryptocurrency world, envisions a future where Ripple‘s XRP and Stellar’s XLM become key elements of the financial landscape, akin to how Visa and Mastercard have operated in traditional markets. Rather than one blockchain reigning supreme, these two could coexist as major contributors to global finance. Continue Reading:Ripple and Stellar: Pioneers of a Balanced Financial Future Source: https://en.bitcoinhaber.net/ripple-and-stellar-pioneers-of-a-balanced-financial-future

The post Sui Mainnet Two-Day Outage Tests Layer-1 Resilience As Base, Arbitrum, Ondo Make Moves appeared on BitcoinEthereumNews.com. Sui’s mainnet ground to a halt for two consecutive days in late May, suspending user transactions and rattling confidence in a chain that had been riding a wave of adoption. According to the original report, the outages originated from an interaction conflict between the Address Balances feature and gas billing logic introduced in version 1.72. A temporary fix deployed earlier carried a known issue that could trigger outages with an extremely low probability—a calculated risk that backfired when epoch transition problems piled on, leaving validator nodes running yet unable to process any user transactions. The incident hits a network that just weeks ago saw institutional staking and a Paga partnership drive an 18% price surge. Now the core team must publish a post-mortem and convince builders, validators, and DeFi protocols that the chain’s upgrade pipeli

The post Sui Network Goes Down for Second Day in a Row appeared on BitcoinEthereumNews.com. The Sui layer-1 blockchain experienced another disruption on Friday, causing a “network stall” that temporarily halted block production, before normal activity resumed, according to the Sui team. Network activity “may be paused,” the Sui team said. The network disruption lasted for over three hours and 30 minutes at the time of publication, according to the Sui network’s uptime dashboard. Sui’s mainnet validators experienced disruptions on both Thursday and Friday. Source: Sui The last block before the disruption was produced at about 11:51 UTC on Friday, according to the Suiscan block explorer. Network activity on the Sui mainnet resumed at about 3:30 UTC. The Sui team said in an update: “Both today’s and yesterday’s halts are due to the interaction of the 1.72 release, which introduced address balances and gas charging logic. Yesterday’s implemented fix was an interim measure designed to resto

The post Grayscale says Hyperliquid could become a ‘financial services juggernaut’ appeared on BitcoinEthereumNews.com. Hyperliquid (HYPE), a decentralized trading platform that began as a crypto perpetual futures exchange less than three years ago, is increasingly being viewed by Wall Street analysts as a broader financial infrastructure play that could challenge parts of traditional exchanges and derivatives markets. In a new report, Grayscale described Hyperliquid as a fast-growing blockchain-based platform that generated roughly $800 million in revenue in 2025 while capturing meaningful market share in crypto perpetual futures, one of the largest segments of digital asset trading. “Hyperliquid is not directly comparable to another project in either crypto or traditional finance,” Grayscale wrote. “If it continues to execute well … we think Hyperliquid could become a financial services juggernaut.” Perpetual futures, or “perps,” are derivatives contracts that allow traders to specul

The post South Korea Cracks Down on CatFi Rugpull: First-Ever Crypto Fraud Case Under New Investor Protection Law appeared on BitcoinEthereumNews.com. South Korean authorities tracked suspects for months after CatFi case was initially dismissed despite early blockchain sleuth reports and evidence. South Korean prosecutors have filed charges against a group of individuals linked to a Solana-based meme coin project called CatFi, following allegations that the token was used in a coordinated rugpull scheme after attracting investor funds. The Seoul Southern District Prosecutors’ Office confirmed in its Wednesday statement that five individuals are now facing charges in connection with the case, including two main suspects who have been placed in custody and three others who have been indicted without detention. Influencer Ruse, Fake Lockups Investigators say the group created and launched CatFi in early 2025 through the Solana meme coin platform Pump.fun. It managed to draw in investors

South Korean authorities tracked suspects for months after CatFi case was initially dismissed despite early blockchain sleuth reports and evidence.

The post OpenAI Outlines Playbook for Third-Party AI Model Evaluations appeared on BitcoinEthereumNews.com. Jessie A Ellis May 29, 2026 17:18 OpenAI shares detailed guidance for evaluating frontier AI models, emphasizing safeguards, validity, and structured harnesses for capability testing. OpenAI has published a comprehensive guide for conducting trustworthy third-party evaluations of frontier AI models, highlighting the importance of rigorous testing frameworks to assess model capabilities and mitigate risks. Released on May 28, 2026, the document offers a detailed playbook for evaluating advanced systems, such as GPT-5.5, in environments where traditional chatbot-style assessments are no longer adequate. The guide addresses a growing need for standardized evaluation practices as AI systems become more sophisticated and capable of complex, multi-step tasks. OpenAI underscores that evaluations must go beyond simple question-and-answer setups, advocating for customize