Sui network has been restored and is fully operational.

2026-01-15 by admin

PANews reported on January 15th that Sui released an update at 05:24 this morning stating that the Sui network has now been restored and is fully operational, with transactions proceeding normally. If you are still experiencing issues, please refresh the application or browser window. A full recap of the events will be shared in the coming days.

Earlier, at 11:24 PM yesterday, news broke that the Sui mainnet experienced network outages .

BlockBeats News, January 15: Coinbase CEO Brian Armstrong stated that Coinbase will not support the current version of the bill before the Senate Banking Committee revises and votes on a comprehensive cryptocurrency legislation. Armstrong posted on X platform that, while appreciating the senators' efforts to promote bipartisan consensus, the draft is "worse than the current regulatory status," and "it's better to have no bill than a bad bill."The bill aims to clarify the jurisdictional boundaries between the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in digital asset regulation, define when digital assets are securities or commodities, and introduce new disclosure requirements. The Senate Banking Committee plans to hold a hearing and vote on the bill on Thursday morning.Armstrong pointed out that the bill has significant issues regarding DeFi, stablecoin yields, and other aspects, with some provisions potentially granting the government "unlimited access to personal financial records," eroding user privacy, while related revisions could "strangle stablecoin reward mechanisms." He also criticized the bill for weakening CFTC authority, making it subordinate to the SEC in regulation, which is detrimental to industry innovation.Insiders noted that Coinbase's public opposition "holds symbolic significance" and may influence the bill's final outcome. The stablecoin yield issue has become a focal point of controversy, with banking groups concerned that related mechanisms would drain deposits and impact community banks, while the crypto industry accuses banks of attempting to restrict competition.Despite this, some industry institutions still support advancing the legislation. Digital Chamber of Commerce CEO Cody Carbone stated they will continue to push for the bill to become law by 2026; Ripple CEO Brad Garlinghouse also expressed optimism about resolving differences through revisions.

BlockBeats news, on January 15, according to official announcement, Solana Mobile officially announced that the SKR airdrop inquiry is now live. Eligible users and developers can check their qualification via the Publishing Portal. This airdrop will distribute nearly 2 billion SKR tokens in total to the community, with approximately 1.82 billion SKR allocated to 100,908 users and 141 million SKR to 188 developers.Officials stated that SKR will officially open for claiming at 02:00 (UTC) on January 21. After claiming, users can directly stake SKR to Guardians via the Seed Vault Wallet to earn rewards, or stake through the web interface. Solana Mobile also reminds users to prepare a small amount of SOL in advance to cover the on-chain gas fees required for claiming.Additionally, Solana Mobile confirmed that Season 2 has officially begun, and ecosystem incentives will continue to advance.