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29 May 2026, 17:24

NEAR price jumps 10% as Universal Send launch boosts momentum

NEAR Protocol continued its strong rally on May 29 as the market reacted to a major product launch, rising network activity, and improving technical indicators across the broader crypto market . NEAR climbed more than 10% over the past 24 hours to trade around $2.56 at press time, extending its weekly gain to over 20%. Trading activity also accelerated sharply, with 24-hour trading volume crossing $815 million. Universal Send launch boosts investor sentiment One of the biggest drivers behind NEAR’s latest rally is the launch of Universal Send, a new payment and asset transfer system built on the NEAR ecosystem. The feature allows users to send tokens across different blockchains in a single transaction without manually bridging assets or swapping between networks. The process combines cross-chain transfers, token conversion, and settlement into one flow. The launch is tied to NEAR Intents, the protocol’s infrastructure layer designed to simplify blockchain transactions. According to the project, NEAR Intents has already processed more than $18 billion in cumulative transaction volume. The rollout appears to have strengthened investor confidence because it targets one of the biggest problems in crypto: the complexity of moving assets between blockchains. Under the new system, users can reportedly scan QR codes and pay with whatever token they already hold, while recipients receive their preferred asset automatically. The infrastructure relies on third-party execution agents known as “solvers” to complete transactions across networks. The project also introduced privacy-focused features tied to Trusted Execution Environment technology and a private NEAR shard, allowing transaction details and balances to remain hidden from public view during transfers. Technical indicators remain bullish despite overbought signals NEAR’s price structure has also improved significantly from a technical perspective over the past two weeks. NEAR is currently trading above its 10-day, 20-day, 50-day, 100-day, and 200-day exponential moving averages on the daily chart. Near protocol price analysis That setup is generally viewed as a sign of sustained upward momentum because the shorter-term averages remain stacked above the longer-term averages, while the 200-day EMA continues to act as long-term support. The token has also gained roughly 66.5% over the past 14 days and nearly 90% over the past month, showing how quickly momentum has accelerated since the beginning of May. However, some indicators suggest the rally may be becoming overheated in the short term. The Relative Strength Index (RSI-14) is currently around 64.70, approaching overbought territory and signalling that traders may begin taking profits after the strong upward move, which could in turn cause a short-term price correction. Near Protocol price forecast In the short term, the first major resistance sits around $2.97. A break above that level could open the door for another leg higher and potentially push the token toward the psychological $3 mark. On the downside, immediate support is seen near the $2.40-$2.45 range, while stronger structural support remains closer to the 200-day EMA. Analysts view those zones as important for maintaining the broader bullish structure that has formed over recent weeks. The post NEAR price jumps 10% as Universal Send launch boosts momentum appeared first on Invezz

29 May 2026, 16:13

Sui Network Encounters Successive Outages With Reliability Concerns As Scaling Push Continues

The Sui blockchain network is facing increased scrutiny following two consecutive days of mainnet outages, which raises serious questions about the network’s operational reliability at a critical time in its expansion. The primary communication channel for the network confirmed there were serious outages, forcing the mainnet to suspend activity and disrupt transaction flow. Such network activity may be paused due to ongoing technical issues, read a status update from the team. The event was designated a “Major Outage” by Sui Status and traced to faults occurring in the settlement mechanisms of its mainnet. Sui mainnet is currently experiencing a network stall. Network activity may be paused at this time. The Sui Core team is actively investigating. Updates and incident review will be shared as soon as they are available. — Sui (@SuiNetwork) May 29, 2026 Block explorers worldwide showed just how bad the outage was during its peak, no new blocks were mined for more than an hour, effectively bringing the chain to a standstill, blocking users from performing transactions. These types of halts highlight the obstacles new networks face, especially when it comes to maintaining security with increasingly complicated and constantly changing tech stack in a network planning to serve as a layer-1 high-performance solution. Initial Outage Tied to Bug in Gas Logic New Release The first significant outage was on May 28 when the Sui network halted for around five or six hours. One of the incidents was subsequently traced back to a bug in the gas charging logic within the 1.72 network release that had been newly deployed, which caused a crash-inducing error to occur. Activity on Sui mainnet has resumed after a halt due to a crash bug in the gas charging logic introduced by the 1.72 release. A full incident review will be shared in the coming days. — Sui (@SuiNetwork) May 28, 2026 This bug affects the foundations on which blockchain naturally operates, namely how transaction fees are processed & calculated. If the gas logic does not work, consensus protocols may fail as validators are unable to consistently process transactions thus halting block production altogether. Software updates are critical to improving performance and user experience, but with them, there will always be risks attached. But in this case the update seems to have had some pretty nasty unintended consequences that reverberated through the core processes of the network. It also points out a wider problem around blockchain development, a deployment that behaves as expected in test environments with no value moving, and can react quite differently when live economic activity is taking place. Second Outage Adds To Growing Stability Concerns Crisis The second, shorter outage followed on May 29, just one day after the first. While not as deep some of those events were more back-to-back, exacerbating concerns in the community. Multiple outages in short succession result in more rapid confidence loss than stand-alone ones. As with all developers building on the platform, infrastructure consistency is important; as for users, reliability is a given. The second outage was shorter but it was nevertheless a reminder the system remained vulnerable nearly two months after that initial breakdown. Funds Are Safe — Network Recovery Confirms Regardless of those interruptions, Sui confirmed that regular operations of the full network have resumed and there was no risk to user funds at any point. Most importantly no assets were lost during either down time, a vital source of comfort to both retail consumer and institutional players. The network’s halting mechanism against an unsafe state operated as intended. Instead of letting your transactions go through when they should not (or a new invalid transit between nodes) it basically held you up until all is back in order. This method demonstrates a conscious prioritization of security at the expense of uninterrupted uptime, a compromise that most modern blockchains navigate. Sure, outages can disrupt service but protecting users’ assets is the most important. The Sui team has also promised to publish a detailed post-mortem report in the next few days, which is likely to provide insight into the root causes and preventive measures. Questions on Reliability As Adoption Grows These outages mark Sui’s second major downtime in 2026, after reaching around six hours of downtime earlier this January. While broader adoption from both decentralized finance (DeFi) and gaming sectors remains the goal, a growing number of reliability concerns can no longer be ignored by anyone but ardent diehards. The general idea behind high-performance blockchains, however, is that they generally run near the technical limits, pushing the boundaries of speed, throughput and scalability. The downside of this kind of optimizations is that they can make code more convoluted, and thus lead to increased sensitivity for bugs and edge cases. The main issue for Sui is managing the fine line between innovation and running a safe operation. With your applications deploying in ever-greater volume and user activity increasing, costs of downtime start to skyrocket. Predictable infrastructure is required by developers, and seamless interactions are expected by users. Even with a bag in hand, repeated outages can drive the decision of where developers build and what liquidity flows through the ecosystem. Growing Pains Or Structural Challenge For High-Performance Chains? But above all, the recent outages bring forward a more general question on what next-gen blockchain design is sacrificing. Are these disruptions the birth throes of something much larger and scalable, or do they highlight systemic weaknesses? This challenge has historically also faced many ultra-high-performance networks as they first adopted. Fast iterations, constant software updates and difficult-to-execute environments all lead to the situations where bugs are able to get through into live systems. At the same time, a constant uptime is an important metric that remains vital for long-term success. Rival platforms are constantly improving and reliability, and users have no patience for repeated outages. The months ahead will prove crucial for Sui. Confidence can only be restored by a clear post-mortem response and strong rectifications, while operations keep running steadily. The technology has a lot of promise, and the ecosystem keeps expanding; still, reliability is baseline, not a feature in a competitive blockchain space. Given Sui’s aggressive push into DeFi and gaming, the ability to maintain 100% uptime may be an important predictor of how quickly the network can gain traction. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

29 May 2026, 15:00

Sui Network Halts Second Day in a Row as SUI Slides 20% Weekly, Trades 83% Below ATH

Sui News The Sui mainnet went offline again on Friday morning, marking the second consecutive day of disruption for the layer-1 blockchain . The network team confirmed that activity had stalled and...

29 May 2026, 14:33

Can SUI recover after a 6-hour network outage sent the price lower?

Sui faced a sharp technical disruption on May 28, 2026, when the network stopped producing blocks for nearly six hours. The incident came shortly after a protocol upgrade, with reports pointing to a bug in the Sui 1.72 release that triggered a validator consensus failure. During the outage, transaction processing across the blockchain came to a complete halt, affecting decentralised applications and user activity throughout the ecosystem. The disruption lasted approximately 5 hours and 55 minutes before validators coordinated a recovery and restored normal block production. Although the network eventually returned to full functionality, the event has renewed scrutiny around the stability of Sui’s core infrastructure, particularly as this is not the first time the chain has experienced a prolonged halt since launch. https://twitter.com/SuiNetwork/status/2060097006610305368?s=20 Sui Network failure raises concerns after upgrade-related bug The outage was linked to a critical validator consensus failure triggered by a software bug introduced in a recent upgrade. Rather than isolated performance issues, the problem escalated into a full network stall, preventing validators from reaching agreement on block production and effectively freezing the chain for nearly six hours. Several reports confirmed that the issue required coordinated intervention from validators and core developers before normal operations could resume. Once the fix was applied, block production restarted, and transaction activity returned to normal levels. The scale of the disruption was significant for a layer-1 blockchain designed around high throughput and scalability. A complete halt in consensus execution highlighted the network’s dependence on validator coordination during edge-case failures. It also increases pressure on the development team to provide a detailed post-incident review explaining how the bug passed upgrade testing and what safeguards will be implemented to prevent similar incidents. Market reaction and weakening sentiment The outage immediately contributed to price weakness, with SUI falling 1.91% to around $0.899 over the past 24 hours, underperforming the broader cryptocurrency market. Market analysts pointed to the outage as the primary catalyst for the decline, especially given concerns about repeated network interruptions within a relatively short period. The disruption also came as Bitcoin ETF products continued recording sustained outflows exceeding $2 billion across multiple sessions, further weakening risk appetite across altcoins. In addition, technical indicators show SUI trading below key moving averages, reinforcing the broader bearish trend. At the same time, the 7-day RSI reading near 26.5 places the token in oversold territory, reflecting the intensity of recent selling pressure rather than gradual market repositioning. Reliability concerns and broader ecosystem pressure Beyond the immediate price reaction, the outage has revived broader concerns surrounding long-term network reliability. Another major stall within a relatively short timeframe has raised concerns among developers building on the chain, particularly those operating applications that depend on uninterrupted finality. A complete halt in block production also creates operational risk considerations for exchanges, liquidity providers, and institutional participants integrated with the network. While no funds were reported lost, the inability to process transactions for nearly six hours has intensified scrutiny around infrastructure stability. SUI price forecast SUI is currently trading near a key technical threshold following the recent sell-off, with $0.886 acting as the immediate swing-low support level. If the price manages to hold above $0.8966, short-term consolidation is possible, alongside potential recovery attempts toward the $0.93 region, which aligns with the 50-day exponential moving average. That area is also viewed as the first meaningful resistance zone where prior selling pressure emerged. SUI price analysis A breakdown below $0.8966 would shift attention toward the next support region between $0.85 and $0.86, representing the next significant liquidity zone based on recent price structure. Sustained weakness below that range would likely confirm continuation of the broader downtrend that has developed since the outage event. With RSI readings approaching oversold levels, short-term rebounds remain possible. However, overall price direction will likely continue depending on whether the market regains confidence in the network following future post-mortem disclosures and stability updates from the development team. The post Can SUI recover after a 6-hour network outage sent the price lower? appeared first on Invezz

29 May 2026, 13:38

NEAR jumps 4% as Universal Send goes live

NEAR Protocol launched its much-anticipated Universal Send feature. It introduces a cross-chain payment tool that can route any token to any supported blockchain. The key point is that it can keep key transaction details private. It is expected that the new feature rollout will simplify user interactions with blockchain. The release mentioned that the new system combines bridging, swapping, and settlement into a single action. However, the details about the sender or transfer amounts remain hidden on public explorers. This comes in when the global crypto market witnessed a minor recovery in altcoins. Bitcoin remained stuck around the $73k levels while NEAR printed a green index. Its price jumped by more than 3% in the last 24 hours. NEAR is traded at $2.43 at the press time. NEAR Intents tops $18B volume According to reports, Universal Send is built on NEAR Intents. It mentioned that the protocol’s intent-based execution layer has processed over $18 billion in cumulative volume. In an X post , NEAR highlighted that users scan a QR code, choose a token, and confirm payment. The system will handle conversion and routing. In the end, the recipient gets funds in the requested asset, regardless of the origin chain. To send a payment: – Open https://t.co/YBUSFVdjxE – Scan a merchant QR code – Pay with what you have The merchant receives the asset they want. https://t.co/YBUSFVdjxE handles the swap + routing automatically. One confirmation. Confidential by default. — NEAR Protocol (@NEARProtocol) May 28, 2026 It added that the settlement is handled via competing third-party “solvers.” They carry out user-defined intents and finalize the transactions on-chain. The protocol compares this privacy model to single-chain confidential systems like Zcash. However, it operates across multiple blockchains. Analysts debate NEAR’s solver-based model Security researchers and bridge analysts had reportedly described intent-based systems as a huge change from traditional bridging. They also noted that TEE-based privacy introduces a different trust model. It highlighted that a 2026 risk assessment done by Hindenrank found that NEAR Intents can land in the “moderate risk” category. This is due to the freshness of cross-chain verification systems. However, it also relies on external execution agents and despite audits of key components. Another researcher at LeoDex posted that this design lowers on-chain attack risks. It’s like MEV and frontrunning by shifting execution off-chain. They still depend on solver honesty. Universal Send is combining execution abstraction with privacy in a single layer. On the other side, Liquidity-based bridges like THORChain execute swaps on-chain via liquidity pools. This makes transactions visible and prices dependent on pool depth. There are privacy-focused networks like Zcash, too. They offer strong cryptographic protection but are limited to single-chain use. Meanwhile, Coin mixers such as Tornado Cash obscure transaction histories after execution. It does not even support native cross-chain settlement. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

29 May 2026, 13:02

Ripple (XRP) and Stellar (XLM) Is the Next Dominant Duopoly In Financial Services. Here’s why

As blockchain adoption in the financial sector continues to develop, discussions around which networks could become foundational to future payment infrastructure are gaining momentum. Crypto researcher SMQKE recently drew attention to Ripple and Stellar, arguing that both projects are increasingly positioned to dominate blockchain-based financial services, particularly in cross-border payments and correspondent banking. In the post, SMQKE compared the long-term potential of Ripple and Stellar to the dominant role Visa and Mastercard hold in the traditional payments industry. The researcher presented both blockchain networks as infrastructure-focused systems that are actively pursuing institutional integration rather than relying solely on speculative cryptocurrency activity. The comparison centered on the idea that Ripple and Stellar already occupy a unique position in the blockchain industry due to their shared focus on international settlements, banking connectivity, and financial interoperability. According to SMQKE, this positioning could allow both networks to emerge as the strongest duopoly in digital financial services if institutional adoption continues to expand. Ripple and Stellar = The Next Dominant Duopoly in Financial Services. Here’s why. https://t.co/vNhGY5hEU7 — SMQKE (@SMQKEDQG) May 27, 2026 Academic Research Highlights Ripple and Stellar’s Financial Focus To support the argument, SMQKE shared excerpts from research publications examining the role of blockchain technology in payment systems and remittance infrastructure. The referenced material focused heavily on Ripple and Stellar as two of the most prominent blockchain projects targeting cross-border financial services. One section explained that the two networks pursue similar objectives through different operational approaches. The publication stated that Ripple primarily focused on partnerships with banks and financial institutions worldwide to reduce dependence on intermediaries for international transfers. By using blockchain infrastructure, Ripple aims to make transactions settle more quickly and efficiently. The same research also noted Ripple’s institutional reach, noting that the company had already formed relationships with more than 100 banks globally at the time of the publication. In contrast, Stellar was described as focusing more heavily on underserved and underbanked regions by creating lower-cost access to global financial systems. Another highlighted passage discussed how both ecosystems use their native digital assets during international transfers. According to the research, transactions can move through XRP or XLM as bridge assets before converting into local currencies within seconds. The papers suggested that this mechanism enables both networks to improve transaction efficiency while lowering settlement friction in cross-border payments. Growing Attention on Correspondent Banking Solutions SMQKE also emphasized another research section examining correspondent banking infrastructure, an area often viewed as one of the largest opportunities for blockchain integration within global finance. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The publication stated that Ripple and Stellar were among the most frequently cited blockchain applications within academic literature focused on remittances and payment systems. The paper further noted that the two projects stood out, directly developing distributed ledger technology solutions for correspondent banking networks. According to the researchers, Ripple had already established a significant track record through partnerships with banks and money transfer operators, while Stellar’s correspondent banking initiatives were still evolving. The paper added that Ripple became the primary subject of the study due to the availability of institutional partnership data and empirical material connected to the company’s operations. These observations formed a major part of SMQKE’s argument that Ripple and Stellar are separating themselves from many other blockchain projects by focusing on real-world financial infrastructure. Ripple and Stellar’s Institutional Direction Rather than positioning themselves as competitors to retail payment apps or speculative crypto platforms, Ripple and Stellar direct attention toward institutional finance, remittances, and banking efficiency. SMQKE used the academic references to reinforce the view that both projects are attempting to establish themselves as core settlement layers for international value transfer. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple (XRP) and Stellar (XLM) Is the Next Dominant Duopoly In Financial Services. Here’s why appeared first on Times Tabloid .