⚡ SUI Takes a Hit due to FUD

Republican Senator Cynthia Lummis has proposed a bill that would allow the U.S. to partially sell its gold reserves to invest in Bitcoin. The plan is for the U.S. to acquire 1 million BTC — about 5% of its total supply. At current market prices, such a purchase would cost approximately $90 billion..

While Bitcoin grabs attention with record-breaking price rallies, Solana quietly takes the lead in hosting newly launched tokens. As of now, 89% of all new projects have chosen Solana as their starting point.

Blockchain-based and stablecoin-focused payments platform BVNK aims for a new funding round. According to Bloomberg, the startup, which is backed by Tiger Global Management, is in talks with potential buyers to raise at least $50M.