Recently, the privacy sector has been performing well: ZEC is back around 500. Zama has also quietly hit a new high and doubled, giving some hope back for altcoins.

Actually, during a bear market, you can best tell whether the project team has substance: some projects hire hackers to cash out for themselves; some said they would target Sui and apply for bankruptcy protection; some just disappear; and some do nothing except burn the money from my ICO 😭
Compared to that, Sui is pretty good—I’ve kept seeing new developments.
1️⃣ $Sui has also been doing privacy, did you know? It started as early as the beginning of the year. Sui’s private transfers went into public testing in June. It’s specifically for institutions: the amounts and balances will be hidden, and only the sender and receiver can see them, which also meets regulatory compliance.
2️⃣ And in line with the previous zero-Gas stablecoin transfers, the recent Hashi testnet just went live. It’s currently BTC lending, and later it will become the place where institutions issue bonds backed by Bitcoin. The goal is to bring on-chain lending and credit markets to around $1 trillion of long-idle BTC. 25+ institutions such as BitGo, Cumberland, FalconX, Ledger, etc. are already running on the testnet.
3️⃣ Everyone is definitely worried about how easy it was for Sui to get hacked the other day. You can rest easy—Hashi’s design keeps Bitcoin on the Bitcoin mainnet. Security is provided by a 2-of-2 multisig guarded together by MPC validators and the Guardian guard layer, so there’s no need to package it as wBTC first and then put it on-chain.
4️⃣ Sui integrates stablecoin transfers into the protocol layer to achieve permanent zero Gas. It supports 7 stablecoins in a single go, directly targeting SWIFT’s cross-border fee model. (Honestly, this is pretty important—I only found out from Binance’s research report that on the stablecoin weekends, the transfer volume is 76 billion, which equals Visa’s daily volume.)
It’s very clearly pushing forward infrastructure that institutions can use. And if it also starts moving the market, it’ll be even better. Oh right! I heard Sui is going to add a protocol called Hudi to enable 24/7 on-chain trading of Asian stocks 👀