Sui Blockchain's native asset control is now empowered by the deployment of mainnet by Ika, allowing for cross-chain asset management.

In the ever-evolving world of cryptocurrencies, there's no shortage of exciting news and developments. Here's a snapshot of some of the latest happenings that are shaping the future of blockchain technology.

Ika's Mainnet Launch

Ika, a blockchain infrastructure provider, has made a significant stride by launching its mainnet. This marks the introduction of the first-ever zero-trust multiparty computation (MPC) network for native cross-chain asset control on the Sui blockchain. Ika Co-Founder Omer Sadika stated that this launch signifies a paradigm shift in blockchain interoperability, bringing native Zero-Trust interoperability to Sui and unlocking unprecedented possibilities for developers, institutions, and individual users alike.

Ika's Technological Advancements

Ika's network boasts the title of being the fastest parallel MPC network, offering sub-second latency, unprecedented scale and decentralization, and zero-trust security. The technological core of Ika is its novel 2PC-MPC cryptography protocol, delivering sub-second latency, linear scalability, and a network that can be supported by hundreds of operators globally, without compromising on decentralization.

Ika's Role in Securing the Infrastructure

The network's native token, IKA, plays a critical role by securing the infrastructure through a decentralized, permissionless proof-of-stake consensus mechanism. IKA tokens are integral for transaction fees, spam prevention, rewarding reliable operators, and network governance.

Several Leading Blockchain Projects on Sui

Several leading blockchain projects on Sui, including Native, Human Tech, Rhei Finance, Aeon, Nativerse, Ekko, Legacy Link, Full Sail, are already utilizing Ika's mainnet. This collaboration allows Sui-based smart contracts to securely and seamlessly manage native assets across various blockchains, including Bitcoin, Ethereum, and modern L1s and L2s, without relying on bridges, token wrapping, or trusted third parties.

BitMine Immersion's August Update

BitMine Immersion (BMNR) announced the release of its August Investor Presentation and a latest video message from Tom Lee, Chairman. Investors can stay updated on the company's progress and future plans through these releases.

Other Notable Developments

Three Bitcoin Blocks were mined last month with no hardware via NiceHash EasyMining, marking a unique approach to Bitcoin mining.
Underdog partnered with Crypto.com for the U.S. Sports Prediction Market, offering a new platform for sports enthusiasts and crypto fans alike.
The Federal Reserve highlighted stablecoins amid the passage of the GENIUS Act, indicating a growing focus on this area.
Florida Pension Fund increased its holdings in MicroStrategy by $6 Million, reflecting a growing confidence in Bitcoin as a long-term investment.
SEC and CFTC approved spot crypto trading on registered exchanges, a significant step towards mainstream adoption of cryptocurrencies.
Scam Alert: Venus Protocol implemented emergency measures after a phishing attack, underscoring the importance of security in the crypto sphere.
Ripple unveiled "Ripple Payments" demo featuring XRP liquidity, showcasing potential use cases for XRP in real-world transactions.
A record 92 Cryptocurrency ETF filings in the U.S. are currently awaiting the SEC's decision, indicating a surge of interest in crypto investment products.
InFocus launched a digital ventures strategy with Mythos Group, focusing on Blockchain, AI, and Bitcoin, signalling a broader embrace of these technologies.

For more information about Ika and its developments, visit https://ika.xyz or follow Ika on their official channels.

Sui Blockchain's native asset control is now empowered by the deployment of mainnet by Ika, allowing for cross-chain asset management.