In the grand spectacle of modern finance, SUI Group, that charming Nasdaq-listed marvel of the digital treasure trove, has decided to shake hands with Bluefin – yes, the decentralized exchange that’s making Wall Street look like it’s still stuck in the stone age. Apparently, they’ve cooked up a plan to drag the old suits and power ties into the shiny, neon-lit world of the Sui blockchain. Because who doesn’t want a slice of the crypto cake, right? 🎩💰
Summary of the antics
- SUI Group, a well-dressed Nasdaq darling, has paired off with Bluefin – not a seafood species, but a multiplayer on the crypto dance floor.
- The game plan? To bring Wall Street’s finest, from hedge fund magnates to coffee-fetching asset managers, right onto Sui’s digital doorstep.
- SUI Group will lend Bluefin a modest 2 million SUI tokens, worth a cool $4.32 million – and they’ll only ask for a tiny 5% slice of the pie. Because who doesn’t love easy money? 💸
Not one to shy from spectacle, SUI Group-an institution with official crypto standing (and a little something called the Sui Foundation)-is eager to offer “institutional-grade exposure” to Sui’s blockchain playground. They’ve even launched the first SUI treasury plan, probably with less fuss but more flair.
Wall Street, meet Sui – the bridge nobody asked for but everyone needs
In the latest episode of “Why Not?”, SUI Group and Bluefin announced they’re joining forces with the subtlety of a brass band. Their agreement involves lending 2 million SUI tokens, which are valued at more than your average yacht, and in exchange, they’ll get a 5% revenue share. Fancy! Taking Wall Street’s old hand and giving it a shiny crypto upgrade, Marius Barnett, the numero uno at SUI Group, proclaimed, “This isn’t just a handshake, it’s an express train from Wall Street to Sui.” Cheers to building bridges and breaking traditions! 🥂
Perpetual Futures – the new wild west of Sui, now with more futures and fewer cowboy hats
Meanwhile, Bluefin is flexing on Sui with its perpetual futures market, backed by the financial crème de la crème – Polychain, Brevan Howard, Susquehanna, and Tower Research. They’re not just about futures; they’re also into spot trading, lending, and vault-based yields, because apparently, that’s what the fancy investor crowd demands these days.
The platform’s volume has skyrocketed to over $82 billion – enough to make even the most jaded trader’s eyes pop – and the fees collected alone top $34 million. That’s enough to buy a small island, or at least a yacht or two. 🛥️
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2025-11-10 22:10