Sui’s Hashi to launch with $500M in Bitcoin finance commitments

Sui will integrate Circle's CCTP V2 on 8 October 2026, allowing native USDC transfers between Sui and 29 other blockchains. The burn-and-mint model enables stablecoin liquidity to move directly, potentially benefiting payments, DeFi, and treasury products. Actual impact on network activity depends on USDC inflows and usage.

Crypto market lost over $100B in 24 hours, with Bitcoin (BTC) falling below $83K. Ethereum (ETH) and other major altcoins also declined. The selloff coincided with rising U.S. Treasury yields and a stronger dollar, leading to $700M in liquidations.

CertiK will audit Sui's attempt to break its 6,086,766 TPS record on October 7. Sui aims to demonstrate speed for AI agent economies, with CertiK verifying the test. Sui offers $SUI rewards for accurate TPS predictions. $SUI traded at $1.20, up 3% on the week, with price targets of $2.07 by 2026, $10.83 by 2028, and $34.20 by 2031.

Quant (QNT), Bitway (BTW), and Sui (SUI) are among the top seven-day gainers in the crypto market. QNT surged 300%, BTW rose 78%, and SUI gained 30%. QNT's rally was driven by a deal with The Clearing House, while BTW and SUI show bullish charts but signs of overbought conditions and fading volume.

Sui token (SUI) rose 23.8% to $1.02 after a teaser for a major financial product at Sui Basecamp 2026. Trading volume exceeded $2 billion, and market cap neared $4.2 billion. The product details remain undisclosed, but the event focuses on agentic finance, payments, and settlement. Mysten Labs' CPO hinted at significant financial advancements for SUI.

Phantom will end support for Sui (SUI) on September 24, 2026, impacting wallet functionality but not asset ownership. Users must migrate assets to another Sui-compatible app or exchange them for supported tokens. Phantom temporarily waives fees for swapping SUI to wrapped SUI on Solana. The company advises caution against phishing attempts during migration.