Sui network, a layer 1 blockchain developed by Mysten Labs, is experiencing a network outage on Thursday after the project said its mainnet had “stalled,” temporarily halting transaction processing.

“Sui Mainnet is currently experiencing a network stall. The Sui Core team is actively working on a solution,” the project posted on X. “Be aware that transactions may be paused at this time. Updates will be shared as soon as they are available.”

The disruption appeared to pause activity across the network, though the team had not yet disclosed the cause of the issue at press time.

The incident marks another in a series of technical disruptions for Sui. The blockchain has previously faced periods of degraded performance and outages, including one earlier this year.

Sui, which launched in 2023, is among a group of newer layer 1 blockchains competing with Ethereum and Solana by offering high-speed transactions and low fees. The network’s native SUI token is down 8% in the last 24 hours, though broader crypto market conditions were mixed.

Blockchain outages remain a closely watched issue for traders and developers, particularly for networks that market themselves as high-performance infrastructure for decentralized finance and gaming applications.

The Sui team said it would provide additional updates as the investigation continues.

Read more: Crypto for Advisors: Breaking down the Sui blockchain

The decentralized finance (DeFi) sector has been hit by recent criticism and negative commentary following a $20 billion drop in total value locked (TVL) and $1.1 billion lost to hacks like the $292 million Kelp DAO bridge exploit.

DeFi isn’t safe anymore because AI is becoming ‘superhuman’ at hacking, former OpenZeppelin CTO and co-founder Manuel Aráoz said this week. “DeFi is dead,” said one commentator on X recently.

Andrew Forson, president of DeFi Technologies, has an entirely opposite view and a bit of criticism of his own: “DeFi is way more than those protocols that have been hacked,” Forson said in an interview with CoinDesk. “Those who don’t know that, are suffering from deep ignorance.”

“We’ve been at a conference where people are talking a lot about central bank digital currencies (CBDCs) and centralized bank money.” he added, referring to the recent Digital Money Summit in London. “But the elephant in the room is that you have Tether’s USDT and Circle’s USDC, and it’s working pretty much perfectly. Everybody else is trying to recreate that.”

Forson said that traditional finance and security alarmists significantly overstate localized code exploits to score reputational points against decentralized networks, completely missing the history milestones happening right under their noses.

While a $11 million bridge failure makes immediate headlines, the absolute core of the DeFi sector, the stablecoin base layer, is seeing unprecedented institutional adoption. “Stablecoins at the end of 2025 held over $150 billion in U.S. Treasuries,” Forson revealed. “That is more than Saudi Arabia. That is more than Germany in terms of their central banks and governments. All of those treasuries are used to back currencies and stablecoins that are predominantly used foremost in DeFi.”

Stablecoins held positions in U.S. T-bills exceeding $153 billion as of December 2025, according to the Bank for International Settlements (BIS).

Volumes expanding

Far from an ecosystem in collapse, Forson emphasized that core stablecoin volumes are expanding at a rate of 20% to 30% month-over-month.

Blockchain intelligence firm Chainalysis estimates that stablecoins moved more than $35 trillion last year, a figure that is expected to reach anywhere between $730 trillion to over a quadrillion dollars by 2035.

Furthermore, the network security layer remains completely untouched by the “superhuman” AI hackers hyped by security firms. “You haven’t heard of any core hacks to the Bitcoin or Ethereum networks,” Forson noted. “You haven’t heard of any core hacks to Circle’s USDC or Tether’s USDT.”

While security executives look at the open-source transparency of blockchain code as a fatal liability in the age of AI, Forson flips the argument on its head: onchain clarity is actually DeFi’s ultimate defense mechanism.

“One of the good things about the whole DeFi space is the transparency,” Forson explained. “When something goes wrong, everybody sees it, everybody talks about it and they fix it.”

He contrasted this with traditional legacy banking, where systemic errors can sit obscured in “private buckets” for years before a corporate auditor notices or publicizes a breach.

Wall Street embracing crypto

Recalling historic corporate collapses like Enron, Forson noted that financial systems have always had to engineer safeguards after market shocks – just as Wall Street introduced automated stock-loss provisions following the 1987 crash.

The fact that DeFi operates continuously – 24 hours a day, 365 days a week – means protocol gaps are exposed, stress-tested, and permanently patched exponentially faster than in any closed-door banking system.

“Toddlers learn to walk by falling,” Forson said, reminding critics that the entire blockchain space is only 16 years old. “There will always be people, entities, and technologies that have errors or push the envelope. But it doesn’t mean you completely shut down that entire field of finance.”

Forson concluded saying that “if the Wall Street players don’t participate in this space now, they will lose market share, because someone else will.”

However, the fact is that Wall Street is racing to tokenize the entire stock market and major financial institutions, including Morgan Stanley, BlackRock, JPMorgan, Charles Schwab, all have rolled out crypto services one way or another.

Argentina’s government is moving to restrict banks, payment firms and crypto providers from serving unauthorized online gambling platforms as part of a broader crackdown on digital betting.

The government presented a Bill for the Prevention of Gambling and Regulation of Online Gambling to Congress, according to an official notice from the Ministry of Health published on Tuesday.

The bill seeks to address gambling addiction by tightening rules on payments, advertising and access to betting platforms.

The legislation directly ties gambling regulation to financial infrastructure, including payment systems and crypto rails, potentially reshaping how unauthorized betting platforms access payment and crypto rails in Argentina.

Crypto and payments face direct restrictions

A central feature of the bill is its treatment of payment infrastructure, which includes traditional banking systems as well as crypto asset service providers.

According to the ministry’s statement, the bill would empower authorities to block transactions linked to unauthorized gambling platforms.

“It [the bill] establishes that financial entities, providers of payment services or virtual assets (cryptocurrencies) are prohibited from offering their services to unauthorized gambling operators,” the announcement states.

Source: CryptoNoticias

The measure would potentially extend compliance obligations to crypto intermediaries such as exchanges and fiat on-ramps, requiring them to identify and block transfers tied to gambling-related wallets or merchant flows. This could affect how users fund offshore betting platforms that rely on crypto deposits as their primary payment method.

Cointelegraph contacted MoonPay after the company appeared in onboarding materials reviewed by Cointelegraph from a local crypto gambling site, but had not received a response by publication.

A local court previously ordered a nationwide block of Polymarket

The bill would also expand enforcement beyond online betting to any platform facilitating unauthorized betting activity, including a ban on advertising across digital media. Platforms promoting unlicensed operators could face penalties or be required to verify the authorization status of the services they advertise.

The new legislation adds to Argentina’s broader push to curb illicit online betting and tighten oversight of digital gambling activity.

Related: Spanish authorities block Polymarket and Kalshi over gambling laws

Local authorities have already taken action against prediction markets, with Argentina’s national communications and media regulator instructed by a court in March to block access to Polymarket. The case was brought by the Buenos Aires City Lottery, the state-owned entity responsible for regulating gambling in the city.

Restrictions on prediction markets have been increasingly emerging in multiple jurisdictions globally, with major platforms such as Polymarket and Kalshi facing scrutiny over concerns that event-based trading may constitute unlicensed gambling activity.

Magazine: Should users be allowed to bet on war and death in prediction markets?

Europe may struggle to contain a financial shock tied to crypto firms and banks because its crisis tools are more limited than those used in the U.S. during the 2023 banking turmoil, a senior official with European bank UniCredit said Thursday.

Elena Carletti, UniCredit’s deputy vice chair and head of the board’s risk committee, said European authorities may not be able to guarantee crypto-linked deposits in the same way U.S. regulators did after the collapses of Silicon Valley Bank and Signature Bank, Reuters reported.

Speaking at a banking conference hosted by Madrid’s IESE Business School, Carletti said the U.S. decision to protect all deposits, including funds held by stablecoin issuers, helped stabilize crypto markets during the crisis.

“The same decision cannot be easily taken in Europe,” Carletti said.

The comments come as the European Union’s Markets in Crypto-Assets regulation, known as MiCA, pushes stablecoin issuers closer to traditional banks. The rules require certain stablecoin reserves to be held in liquid assets such as bank deposits and government securities.

That link could have become a problem during the Silicon Valley Bank collapse in March 2023. Circle, issuer of the USDC stablecoin, revealed that $3.3 billion of its reserves were held at the bank at the time of the crisis. USDC briefly lost its dollar peg as investors rushed to redeem tokens.

U.S. regulators later guaranteed all deposits at SVB and Signature Bank, including balances above federal insurance limits, helping restore confidence in crypto markets.

Carletti warned that Europe’s deposit guarantee system, which generally protects up to 100,000 euros ($116,500) per depositor per bank, may not be able to absorb similar stress if large stablecoin reserve accounts come under pressure.

“That means that we are forcing a certain alliance of stablecoin and ⁠crypto ​providers with the banking sector without the ​possibility of extending insurance in the same way, and that to me is a double ​form of weakness,” she added.

Quick Summary

• Planet Labs announces Q1 2027 financial results after trading ends on June 4
• Options pricing suggests approximately 10% volatility; PL exceeded this forecast in 5 of its previous 8 quarterly reports
• Shares hovering around $50.35, approaching the 52-week peak of $51.13, climbing 4.2% during Thursday’s session
• Wall Street forecasts a $0.03 loss per share with $90 million in quarterly revenue
• Analyst rating consensus stands at “Hold” with a mean price objective of $30.61 — significantly beneath today’s valuation

Planet Labs (PL) is set to unveil its Q1 2027 financial performance following the closing bell on June 4, with options contracts indicating potential price movement of approximately 10% in either direction.

Planet Labs PBC, PL

While a double-digit percentage swing may appear substantial, it’s relatively modest for PL based on historical patterns.

Shares began Thursday’s trading session at $50.35, gaining 4.2%, hovering near the 52-week peak of $51.13. Twelve months prior, PL traded at a mere $3.66.

Street estimates point to a quarterly loss of $0.03 per share alongside $90 million in revenue.

The company’s earnings conference call is slated for 5:00 PM ET on June 4.

Historical Volatility Patterns

Planet Labs frequently delivers price swings that surpass options market expectations.

During five of its most recent eight quarterly announcements, actual stock movement exceeded implied volatility projections. The June 2025 report triggered a remarkable 50.1% surge despite options pricing in only 13.7%. December 2025 witnessed a 48.4% shift against a 19.1% implied forecast.

The March 2026 earnings release produced a 33% movement compared to the 19.2% expectation.

However, outcomes don’t always exceed predictions. March 2025 saw merely a 5.3% decline against a 10.3% implied range. The most dramatic negative reaction occurred in September 2024, when shares plummeted 29.1%.

Consequently, the current 10% implied volatility heading into June 4 shouldn’t be viewed as an upper boundary.

Wall Street’s Perspective and Valuation Targets

Analyst sentiment regarding the stock reveals notable division.

Current coverage includes six Buy recommendations, three Hold ratings, and three Sell opinions. The overall consensus registers as “Hold” with a median price objective of $30.61 — representing approximately 39% downside from present trading levels.

Recent analyst actions include Citigroup upgrading its target to $35 while maintaining a Buy stance, plus Needham and Cantor Fitzgerald both elevating projections to $40 following March’s earnings disclosure.

Conversely, New Street Research launched coverage during May with a Sell designation and $28 price target.

Current trading levels sit substantially above both the 50-day moving average of $36.74 and the 200-day moving average of $26.12 — indicating powerful upward momentum.

Insider transactions show increased selling activity. CFO Ashley Johnson divested 200,000 shares at $35.10 during early April. Robert Schingler, another insider, sold 73,683 shares at $35.07 approximately the same timeframe. Both transactions occurred through predetermined Rule 10b5-1 trading arrangements.

Meanwhile, institutional participation continues expanding. Van ECK Associates enlarged its position by 320.3% during Q4. Invesco grew its holdings by 265.6% in Q3. Goldman Sachs expanded its stake by 7.9% throughout Q4.

Institutional and hedge fund investors collectively control 41.71% of outstanding PL shares.

The quarterly earnings announcement arrives after market close on June 4, followed by the conference call at 5:00 PM ET.

Crypto.com strengthens UAE presence with SVF licence, expands product suite

Crypto.com this week confirmed it has obtained a Stored Value Facilities (SVF) licence in the United Arab Emirates, while also announcing a set of product updates that include support for the SEI chain migration and the introduction of Bitcoin rewards for eligible Visa cardholders. The combination of regulatory progress and consumer-facing product enhancements signals a continued push by the firm to deepen regional operations and broaden mainstream utility.

What the UAE SVF licence means

A Stored Value Facilities licence typically authorises firms to operate electronic wallets and execute payments using stored value instruments. For Crypto.com, the licence is presented as a step toward enabling virtual asset payments for government services in the UAE. That use case, if implemented, would represent a material shift from speculative trading to routine payments, and could increase exposure of digital assets to public-sector infrastructure.

From an industry perspective, the licence is notable for two reasons. First, it demonstrates continued regulatory engagement by a major global exchange in the Gulf, a region that has been actively developing frameworks for digital assets. Second, it positions Crypto.com to pursue partnerships with public agencies and other corporate payees that require regulated payment rails.

That said, the operational and commercial impact will depend on implementation details not provided in the announcement, including which government services will accept virtual assets, what risk controls and custody arrangements are used, and whether local regulators attach limits or conditions to the permitted activities.

Product updates: SEI chain migration and BTC Visa rewards

On the product front, Crypto.com said it will support the SEI chain migration to ensure a seamless transition for eligible users. Chain migrations can be technically complex: they often require token mapping, ledger reconciliation, and careful handling of snapshots and airdrops. When a custodial platform publicly supports a migration it reduces the burden on retail users, lowering friction and helping to avoid token loss or access interruptions. For institutional clients, such support is also an operational signal about custody and infrastructure readiness.

Separately, Crypto.com introduced a BTC reward option for eligible Visa card users, allowing cardholders to earn Bitcoin on everyday spending. Rewards denominated in major cryptocurrencies can be an effective user acquisition tool because they frame crypto exposure as a byproduct of normal consumer behaviour rather than an explicit investment decision. At the same time, such programmes expose cardholders to market volatility and create balance sheet considerations for the issuer, which must manage reward sourcing and accounting when prices fluctuate.

Market snapshot and token movers

The company’s research dashboard reflected a mild pullback in key indices last week, reporting declines of 2.19% for the price index, 12.75% for volume, and 23.81% for volatility. Bitcoin and Ether were down by roughly 0.6% and 1.4% respectively over the same period.

Despite that broad softness, a few tokens outperformed. Hyperliquid (HYPE) registered notable strength, which Crypto.com attributed to market interest around a $1.16 billion buyback fund and the allocation of trading fees to an assistance fund designed to purchase HYPE. The firm also flagged inflows into Hyperliquid-related exchange-traded products as a contributor to momentum. Other names showing activity included Zcash and Ondo.

These micro-moves underscore how issuer-led token dynamics, and the emergence of tokenised ETFs and other structured products, can materially influence price and trading activity even during quieter periods for larger market benchmarks.

Creator and affiliate initiatives

Crypto.com also rolled out a dedicated creator programme for key opinion leaders and updated affiliate creatives for promotions. The initiative is aimed at streamlining marketing partnerships and improving attribution for referrals. For affiliates, the company reiterated tracking best practices to ensure mentions and conversions are properly credited through its partner platform.

Such programmes are increasingly common among exchanges seeking to scale user acquisition through content partnerships while maintaining compliance with tracking and promotional rules.

Implications and outlook

Taken together, these developments reflect a two-pronged strategy: deepen regulated operations in growth markets and expand consumer-facing utility to drive adoption. The UAE SVF licence places Crypto.com among a group of global platforms establishing formal regulatory footing in the Gulf, which could lower barriers to institutional and government contracts over time.

However, several open questions remain. The practical scope of the SVF licence, the timelines for enabling government payments, and the operational model for both custody and settlement will determine how quickly the licence translates into transactional volume. On the product side, the firm’s support for chain migrations and new reward options reduces friction for existing users, but also raises operational demands for custody and compliance teams.

For market participants, the announcements are useful reminders that exchanges are pursuing growth via regulatory channels as well as through consumer product innovation. Observers should watch for further details on partnerships and product rollouts that clarify how these changes will affect adoption, revenue mix and counterparty risk.

Bottom line: Crypto.com’s UAE SVF licence and concurrent product updates strengthen its regional position and consumer proposition, but the full commercial impact will depend on implementation choices and subsequent partnerships with public and private sector payees.

Dogecoin’s early success story fuels interest in Little Pepe as traders search for the next breakout memecoin.

One of the most lucrative success stories in crypto is Dogecoin. Treasure hunters bold enough to enter before DOGE gained popularity saw their initial investments grow to several million dollars.

Today, DOGE is a billion-dollar project, attracting whales and ETF talk. One of the DOGE success story investors now has his eyes fixed on the “next DOGE” moment: Little Pepe (LILPEPE). Here is why this under-$0.003 crypto is grabbing attention as its presale nears $28.2 million.

dogecoin momentum returns as investors search for the “next DOGE”

Dogecoin continues to hold attention across the memecoin market as bullish sentiment slowly returns. DOGE recently stabilized above the key $0.10 support level while whale wallets accumulated a record amount of the token. Analysts are also watching growing institutional exposure through DOGE-related investment products and ETF developments.

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While many traders still expect DOGE to revisit higher levels if the broader market rallies, the reality is different from previous cycles. Dogecoin is now a mature large-cap asset with a market capitalization already measured in billions. That scale naturally limits the kind of explosive upside early investors once experienced.

This is why many memecoin traders are shifting their attention to newer projects with lower valuations and stronger early-stage growth potential. Historically, the largest gains in crypto rarely come after a token becomes mainstream. They usually come before exchange listings, institutional attention, and retail hype fully arrive.

Why some DOGE holders are moving into Little Pepe

Little Pepe is increasingly being mentioned as one of the strongest low-cap memecoin opportunities of this cycle. It offers the exact early opportunity DOGE gave before its wealth-making run: sells for just $0.0022. 

The presale momentum has been impressive: Over $28.1 million raised and over 16.9 billion tokens sold across 13 stages. Early investors already sit on over 100% gains, with talks around tier-1 CEX listings further boosting market appetite for the next DOGE story.

However, Little Pepe offers substance with the meme vibe: a meme-only Layer 2 ecosystem. This environment is designed to be tax-free, resistant to sniper-bot attacks, and to serve as a launchpad for future meme launches. 

Other Developments Aiding in The Project’s Success Include:

• CertiK audit strengthens investor confidence and security credibility
• Structured vesting system designed to reduce aggressive early dumping
• Planned Tier-1 centralized exchange (CEX) listings after launch
• Growing viral community participation across social platforms

For many traders, this combination of meme branding and utility creates a much stronger long-term narrative than traditional memecoins that offer little beyond speculation.

The 50x narrative is starting to follow LILPEPE

The comparison to Dogecoin’s early rally is becoming more common for one reason: valuation asymmetry.

DOGE already requires enormous amounts of new capital to generate another 50x move. LILPEPE, however, remains in its early funding stages, where smaller inflows can create significantly larger price movements once exchange demand begins.

This is the same reason many early DOGE investors originally saw outsized returns. They entered before the broader market recognized the narrative.

At its current $0.0022 presale price, traders increasingly view LILPEPE as one of the few meme coins still offering genuine early-entry positioning. Speculation around upcoming Tier-1 exchange listings has also accelerated attention around the project, as such listings have historically created major liquidity and visibility spikes for emerging meme tokens.

The project’s structured tokenomics also continues to attract attention. Unlike many meme launches that suffer from immediate sell pressure, LILPEPE’s tiered vesting structure is designed to support longer-term stability while maintaining market confidence after launch.

Giveaways and community growth continue fueling momentum

Community momentum remains one of the strongest drivers behind memecoin expansion, and Little Pepe is leaning heavily into that strategy.

The project recently introduced major community incentives, including:

• A $777,000 giveaway campaign
• Rewards for top presale participants
• Additional ETH-based buyer incentives
• Expanding meme creator engagement initiatives

These campaigns are helping maintain strong visibility across crypto communities while driving urgency during the later presale phases.

At the same time, the rising presale price structure continues creating scarcity pressure. With Stage 14 expected to move pricing higher, many investors see the current entry level as one of the final opportunities before exchange pricing dynamics take over.

For traders searching for the kind of asymmetric opportunity DOGE once represented, LILPEPE is increasingly becoming one of the most discussed names under the $0.003 range.

With the presale still active at $0.0022, growing investor demand, and upcoming Tier-1 CEX listings approaching, many believe Little Pepe could become one of the strongest breakout memecoins of the next market cycle. Join now!

To learn more about Little Pepe, visit the giveaway, website, Telegram, X, and read the whitepaper.