Latest news with #SuiBlockchain
Yahoo
29-07-2025
- Business
- Yahoo
SUI Token Drops Nearly 6% After Brief Spike as Stronger U.S. Dollar Pressures Crypto Market
SUI, the native token of the Sui blockchain, is down nearly 6% over the past 24 hours, retreating to $4.04 after briefly jumping to $4.44 overnight. The move came on the back of a 32.37 million token volume spike, well above daily norms, before selling intensified and dragged prices lower, CoinDesk Analytics data shows. Bulls initially held the line at $4.32, but bears seized momentum as SUI slipped through key technical levels. The token closed the session at $4.11, a 5.25% drop. CoinDesk Analytics shows resistance now forming between $4.20 and $4.24, while a double-bottom appears to be developing at $4.08 to $4.09. Broader weakness in crypto markets may have added to the pressure. The CoinDesk 20 Index is down 1.4% over the past day. A nearly 1% rise in the U.S. Dollar Index today — often a headwind for risk assets like cryptocurrencies — coincided with the market-wide decline, including SUI's slide. Still, SUI is up 46% in the past month, outperforming the CD20's 33% gain. That growth tracks rising interest in the Sui ecosystem, which saw total value locked surpass $2 billion earlier this month, according to DeFiLlama. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Associated Press
29-06-2025
- Automotive
- Associated Press
DeLorean (DMC) Is Now Available for Trading on LBank Exchange
Road Town, British Virgin Islands--(Newsfile Corp. - June 29, 2025) - LBank Exchange, a leading global digital asset trading platform, is pleased to announce the upcoming listing of DeLorean (DMC). The DMC/USDT trading pair will be listed at 11:00 on June 25, 2025 (UTC). Users is able to access the trading pair at: [ This image cannot be displayed. Please visit the source: ] DMC listing banner To view an enhanced version of this graphic, please visit: Driving the Future of Automotive Ownership As the global automotive industry navigates a paradigm shift—from internal combustion engines (ICE) to electric vehicles (EVs), from centralized dealerships to decentralized commerce—DeLorean Labs will emerge at the forefront with a bold, blockchain-powered vision. Backed by the legacy of the iconic DeLorean Motor Company, DeLorean Labs will introduce the FLUX Protocol, a Web3 infrastructure layer built on the Sui blockchain to bring transparency, accessibility, and innovation to EV ownership. Through tokenization and smart contract automation, DeLorean Labs will reshape pre-sale processes, vehicle data integrity, and user engagement. Its ecosystem will integrate NFT-based reservation systems, driver reward mechanisms, and verified vehicle lifecycle tracking, creating a trustless, user-first alternative to legacy platforms. Introducing a Tokenized EV Ecosystem At the heart of the DeLorean ecosystem lies $DMC, a token that combines cultural significance, utility, and the backing of an iconic Web2 brand. Powering a suite of blockchain-enabled applications, $DMC plays a key role in the DeLorean Reservation System & Marketplace—launched in April 2025—where users can buy, sell, and stake production build slots for limited-edition DeLorean vehicles. Each build slot is represented as a unique NFT on the Sui blockchain, and staking these NFTs—a process known as 'parking"—incentive holders with $DMC tokens while preserving full ownership and transfer rights. $DMC provides utility across the ecosystem, including access to rewards, staking multipliers, and brand-specific incentives. The token can be used to purchase build slots, merchandise, and other DeLorean experiences, reinforcing its role as the native currency of DeLorean's Web3 economy. Every DeLorean vehicle will be equipped with an embedded Web3 wallet integrated into the FLUX Protocol, enabling real-time, on-chain tracking of key vehicle metrics such as battery health, mileage, and maintenance records. This tamper-proof record creates trust and transparency across the vehicle's lifecycle. Looking ahead, DeLorean Labs will license the FLUX Protocol to other automakers, positioning $DMC as a foundational asset in the next generation of blockchain-powered vehicle commerce and analytics. Web3 Meets Road Reality DeLorean Labs will elevate engagement through incentives that bridge the gap between on-chain behavior and real-world activity. The protocol will incentivize eco-conscious driving with $DMC tokens, based on data collected from the EV's internal systems. Additionally, direct-to-consumer vehicle sales will be enabled through the platform, reducing reliance on third-party dealerships and aligning with evolving industry trends. By anchoring every transaction to the Sui blockchain, the project aims to guarantee transparency, decentralized governance, and verifiable user activity. Regular smart contract audits and integrations with partners in insurance, logistics, and infrastructure will fortify the platform's credibility. Tokenomics The $DMC token will be the utility and governance currency of the DeLorean ecosystem. It will be used across staking, reservation systems, digital collectibles, payments, and community governance. Token utility will include: A buyback and redistribution model will be implemented, where revenue from sales and licensing will be used to repurchase $DMC from the open market. These tokens will be redistributed to stakers or permanently removed from circulation, supporting long-term price health. The total supply of $DMC is capped at 12.8 billion tokens, with the following allocation: All distributions will follow structured vesting schedules ranging from 3 to 36 months, designed to ensure stability, prevent market shocks, and align incentives among long-term stakeholders. Learn more about DMC (DMC) Website: About LBank Founded in 2015, LBank is a top crypto exchange offering financial derivatives, asset management, and secure trading. With over 15 million users across 210+ regions, LBank ranks in the top 20 for spot trading and top 15 for derivatives trading globally, ensuring fund integrity and supporting global crypto adoption. Leveraging its acute market insight and expertise, LBank always takes the lead in spotting and listing Alpha altcoins. Start Trading Now: Community & Social Media: Telegram Twitter Facebook LinkedIn Instagram YouTube Press contact: [email protected] Business Contact: LBK Blockchain Co. Limited LBank Exchange [email protected] [email protected] About DeLorean Labs Project Description: DeLorean Labs is the official Web3 arm of the iconic DeLorean Motor Company (DMC) and is hyper-focused on innovative technologies and all things digital, a fusion between an iconic past and limitless future. DeLorean continues its tradition of innovation by introducing the world's first tokenized electric vehicle utilizing the DeLorean Protocol, an industry first on-chain vehicle reservation, marketplace and analytics system. This Protocol is designed to provide consumers with a seamless and transparent ecosystem where cars can be digitally purchased, traded, authenticated, and tracked as never before. DeLorean will provide the industry with verified, immutable confirmation of vehicle ownership, maintenance, usage data and drive statistics. The ability to track vehicle performance analytics with unmatched accuracy and reliability. At the heart of the DeLorean ecosystem lies $DMC, a token that combines cultural significance, utility, and the backing of an iconic Web2 brand. Social Media & Community Channels Instagram: | Discord: Telegram: YouTube Website: | Press contact: [email protected] To view the source version of this press release, please visit
Associated Press
25-03-2025
- Business
- Associated Press
Karrier One and textPlus Partner to Launch Web3-Enabled eSIM Products
Karrier One, a next-generation mobile network operator pioneering Web3-enabled telecommunications, is excited to announce its partnership with textPlus, a leading provider of app-based mobile communications. This collaboration will enable textPlus to launch its eSIM product on the Karrier One network, leveraging its Web3 phone numbers and an advanced suite of decentralized security solutions. This partnership enables textPlus to convert traditional phone numbers into digital assets secured on the Sui Blockchain, improving security, interoperability, and fraud prevention through Karrier One's KNS technology. 'At Karrier One, we are redefining what a phone number can be. Our collaboration with textPlus is a major step in making mobile connectivity more secure, flexible, and interoperable across both traditional and Web3 ecosystems. This is the future of telecommunications, and we are thrilled to welcome textPlus as a key partner in this journey.' – Samer Bishay, CEO and Co-Founder of Karrier One textPlus is a leading app-based mobile communications provider dedicated to delivering flexible, affordable, and innovative connectivity solutions. Combining advanced VoIP and messaging technology with an accessible, user-centric design, textPlus empowers millions of users with communication beyond traditional carrier boundaries. Through its partnership with Karrier One, textPlus is further enhancing user security, privacy, and digital identity protection, while pioneering a more innovative communications ecosystem. 'textPlus has always been about focused on empowering our millions of customers with greater choice, flexibility, and affordability in mobile communications. By integrating Karrier One's Web3-powered security and multi-dimensional phone numbers, we are setting a new standard in digital identity and mobile connectivity while expanding options beyond traditional carrier limitations.' – Scott Lahman, CEO and Founder of textPlus The partnership represents a significant milestone in the convergence of telecom, blockchain, and fintech, providing users with a more secure, decentralized, and flexible way to manage their digital identity and communications. SOURCE: Karrier One Copyright Business Wire 2025. PUB: 03/25/2025 08:27 AM/DISC: 03/25/2025 08:26 AM
