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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, 16:10
CFTC approves first regulated Bitcoin perpetual contract in US
The Commodity Futures Trading Commission has approved the first regulated Bitcoin perpetual contract in the United States, greenlighting Kalshi’s BTCPERP product and clearing the way for similar listings by Coinbase’s futures arm. The move represents a landmark step in bringing perpetual crypto derivatives onto federally supervised trading venues. Bitcoin briefly climbed toward $74,000 as traders reacted to the news. CFTC gives nod to Bitcoin Perps in US The CFTC issued an order allowing KalshiEX, LLC, a designated contract market, to list a perpetual contract referencing the spot price of Bitcoin. The BTCPERP futures contract is the first of its kind to receive federal authorization on a CFTC-registered exchange and will be listed under Section 5c(c)(4) of the Commodity Exchange Act. In a comment, Tarek Mansour, CEO of Kalshi, said: "This marks Kalshi’s evolution from prediction market leader to next-gen derivatives exchange. Onshore, safe, and regulated perps will improve capital allocation and risk management for countless American businesses." Alongside Kalshi’s approval, the regulator also signaled support for Coinbase’s planned perpetual futures offerings. The CFTC indicated it would permit certain perpetual futures products that Coinbase intends to list through its subsidiary, Coinbase Financial Markets, Inc., a registered futures commission merchant. Coinbase co-founder and CEO Brian Armstrong called the development a “big day” for the exchange and its US-based traders, framing the approvals as a major expansion of regulated access to crypto derivatives markets. https://twitter.com/brian_armstrong/status/2060363686200361229 Customer protections and market integrity Perpetual contracts, commonly called perps, are derivatives that allow traders to speculate on the future price of an asset without a contract expiration date. Unlike traditional futures, perps can be held indefinitely, often rely on funding-rate mechanisms to tether prices to spot markets, and typically permit leverage. That combination magnifies both potential gains and losses, making the regulatory framework governing them especially important for retail and institutional participants alike. CFTC Chairman Mike Selig described the decision as approval of the first “true” Bitcoin perpetual contract on a CFTC-registered exchange and framed it as a step toward onshoring perpetual trading activity. “Today’s action to onshore crypto asset perpetuals reflects the CFTC’s commitment to fostering responsible innovation while ensuring that these novel products are traded on regulated exchanges that uphold customer protections and market integrity,” Selig said. He added that the same commitment would continue guiding the Commission as it builds a US-based infrastructure for emerging financial products. Regulators’ approvals also establish expectations for strong surveillance, counterparty safeguards, margin protocols, and transparent pricing mechanisms that keep perpetual contracts closely tied to underlying spot markets. US crypto regulation enters new phase The CFTC’s move marks another significant step in the evolution of US crypto regulation. By approving regulated perpetual products, the agency is acknowledging growing institutional and retail demand while bringing a major segment of crypto derivatives trading under federal oversight. The decision could pave the way for broader adoption of regulated crypto derivatives products in the US, potentially reshaping how traders access leveraged digital asset markets going forward. The post CFTC approves first regulated Bitcoin perpetual contract in US appeared first on Invezz
29 May 2026, 16:02
Major Glitch Sent XRP Price Beyond $10,000,000 On These Exchanges
XRP recently spiked above $10 million per token across nearly every major exchange in an unusual glitch that has since gone viral. Crypto enthusiast Paul White (@PaulGoldEagle) posted a screenshot celebrating the anomaly and its widespread nature. The screenshot shows XRP Markets data across Binance, Crypto.com Exchange, Huobi Global, FTX, KuCoin, Bitstamp, Bitfinex, Kraken, Bybit, Bittrex, Liquid, and others. Nearly every XRP/BTC pair displayed prices between $9.1 million and $13.9 million per token. BOOOOOOOOOOOOOOOOOOM!!! #XRP GLITCH $10,000,000+ per $XRP on almost every crypto exchange! pic.twitter.com/hTSn4BVgpL — Paul White Gold Eagle (@PaulGoldEagle) May 28, 2026 A Pattern Across Exchanges XRP price glitches have appeared repeatedly over the years. In August 2024, a glitch showed XRP at $62,000 . This glitch occurred shortly before the 2024 court ruling, when the Judge lowered Ripple’s penalty and upheld XRP’s status, leading many to believe it was a sign of things to come. Months later, in January 2025, users reported XRP at $81.91 and $95.57 in wallet apps, with the anomaly affecting other assets too. Ethereum showed $38,312, and Solana appeared at $6,071 on one portfolio tracker screenshot during that same episode. This glitch saw XRP climb by 3,334% , a figure many see as realistic. How the XRP Community Responds The XRP community pays close attention to these events. Many holders consider XRP undervalued at its current price and treat these glitches as significant. Some view the figures as a reflection of XRP’s true worth. Others interpret them as system tests or indicators of underlying liquidity trends. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Analysts attribute glitches like these to data feed errors, exchange system malfunctions, or liquidity irregularities on lower-volume trading pairs. Platforms processing millions of transactions per second can produce price distortions during brief miscalculations. XRP Price Glitch Continues to Circulate White’s post gained traction among XRP followers. The screenshot covers 20 exchange listings, making it one of the more extensive visual records of the glitch to date. The recurrence of these anomalies keeps the conversation active within the XRP community. XRP currently trades at $1.28, well below the levels shown in any of these glitches. The asset has a dedicated following that treats every data point as meaningful. The community has long held that XRP trades well below its actual value, and glitches like this reinforce that belief for many holders. 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 Major Glitch Sent XRP Price Beyond $10,000,000 On These Exchanges appeared first on Times Tabloid .
29 May 2026, 16:01
CFTC Takes Historic Step to Approve First True US Bitcoin Perpetual
The CFTC opened a historic path for bitcoin perpetuals to trade on U.S.-registered venues, bringing a major crypto derivatives structure under federal oversight. The move creates the first regulated pathway for spot BTC-linked perpetual contracts in the United States. CFTC Opens Historic Path for Bitcoin Perpetuals The Commodity Futures Trading Commission (CFTC) announced on May
29 May 2026, 16:00
Volatile XRP Trading Patterns Continue To Dominate Binance As Price Action Wanes
Bearish pressure does not seem to be fading soon, and XRP has been on a downward trend over the past weeks, breaching the $1.30 support level on Thursday. As a result, heightened volatility has taken over the trading activity on cryptocurrency exchanges, especially on the Binance platform. XRP Volatility On Binance Keeps Traders On Edge After XRP’s persistent negative price action, the pressure is now being felt across cryptocurrency exchanges across the sector. However, in this scenario, Binance, the largest crypto exchange in the world, continues to stand out as the most impacted trading platform by this bearish performance. As traders navigate erratic market conditions and fluctuating momentum, trading activity related to XRP on Binance continues to be extremely volatile. While Binance’s trading activity sees heightened volatility, the price of XRP was stabilizing near the $1.30 level at the time of the post. Looking at the XRP Perp-Spot Volume Imbalance Z-Score, the metric has now reached 0.54, along with the Z-Score indicator rising to nearly 0.95, which reflects a noticeable increase in activity relative to previous averages. With this, uncertainty is building across the market, which poses a risk of a further corrective phase. The volume imbalance positioning at around 0.54 indicates that trading volumes in perpetual contracts have become significantly higher compared to past periods of normal activity. This trend signals an increase in traders entering short-term positions and a rise in leverage usage. A reading of this kind is not considered low, but it points to a market that has started to experience stronger activity in comparison to previous moments of relative calm. As for the Z-Score value nearing 0.95, Arab Chain highlighted that this implies that the current activity has become higher by nearly a full standard deviation compared to its usual average. Furthermore, this positioning indicates that the market is beginning to exit its normal balance state and move into a phase of unusual activity when compared to previous periods. When this Z-Score value moves closer to 1 or exceeds it, the current momentum strength becomes more pronounced and impactful. Traders Returning To Speculative Activity Data show a persistent move into the negative zone prior to the metric’s recent return to the positive zone, indicating a steady improvement in risk appetite. It also underscores the return of traders to speculative activity after a period of calm or reduced market participation. In contrast, Arab Chain noted that XRP’s price has not yet moved with the same intensity as the indicator, as it remains close to the $1.34 to $1.45 range for most of the observed period. At the time of writing, XRP was trading at $1.31 after falling by over % over the past day. Despite ongoing waning price action, CW reported that buying of long positions is appearing following the short closing. This is a sign that real upward pressure is emerging and is increasing further.
29 May 2026, 15:50
Ethereum analysts say ‘downside pressure’ remains as $1.8K becomes key
Analysts warn Ether’s downside risks remain elevated as traders closely watch the $1,800 support zone for stability.
