The Arkansas Senate has rejected Senate Bill 60, which sought to prohibit digital asset mining businesses from operating within 30 miles of military facilities. Arkansas Legislature Rejects Digital Asset Mining Restriction The bill, introduced by Senator Hill and Representative Evans, aimed to amend the Arkansas Data Centers Act of 2023. It proposed restrictions on bitcoin
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Sui Network to unlock millions of SUI this week – Should you be worried?
The Sui Network ( SUI ) will unlock over $250 million worth of its native token on February 1. This is part of Sui tokenomics and monthly unlock schedule that inflates SUI’s circulating supply and dilutes investors’ holdings. Finbold has been monitoring and reporting Sui cliff unlocks according to data from Tokenomist . For example, December 1 saw Sui’s largest unlock in U.S. dollar value of 2024, unlocking $224 million worth of 64.19 million tokens. January 2025 had an even larger unlock nominal value for the same amount, valued at $274 million, as reported . The phenomenon is set to repeat tomorrow, on Saturday, if SUI continues trading close to its current level. Indeed, the usual 64.2 million SUI unlock currently holds a nominal value of $269.62 million. This will artificially increase Sui’s circulating supply and market capitalization by 2.1% after the token unlock. Interestingly, there are still 1.77 billion SUI locked in vested contracts with a scheduled unlock. Over 5.22 billion of locked SUI tokens are not yet scheduled, classified as “TBD locked” by Tokenomist . Sui Network (SUI) Total Unlock Progress and Unlock Events. Source: Tokenomist / Finbold Over $500 million of token unlocks next week Overall, “Cliff Unlocks” data from Tokenomist also shows that $539.16 million will be unlocked by 40 cryptocurrency projects in the next seven days. Other projects with significant unlocks are XDC Network ( XDC ) and Ethena ( ENA ), with $93.43 million and $39.09 million, respectively. Yet, SUI still represents the largest share, unlocking nearly 50% of all upcoming cliff events for the next week on Tokenomist . However, Ripple’s XRP leads, as usual, the largest monthly unlocks in USD value of the entire market, unlocking over $3 billion in XRP on the same day as Sui. Cliff Unlocks Next seven days. Source: Tokenomist / Finbold SUI tokenomics and market effects Sui Series A and B investors receive the most, getting over 19 million SUI each, for 61% of the total. Mysten Labs gets the remaining 25.03 million, reserving 12.63 million for the community, 10.34 million for early contributors, and 2.07 million for its treasury. So far, the Sui Network has already unlocked 3 billion (30%) of its maximum capped supply of 10 billion SUI. At $4.20 per token, the “ Solana-killer ” has a fully diluted value (FDV) of $42 billion. This would put SUI, currently with a $12.6 billion capitalization, between Dogecoin ( DOGE ) and Cardano ( ADA ), each with a $49.9 billion and $34.9 billion market cap, respectively. Market cap from DOGE, ADA, and SUI. Source: Finbold Notably, each time the network unlocks more tokens, it increases the potential selling pressure and artificially inflates the market cap. An increasing supply requires a similar, or better, increased demand to sustain its prices, according to the laws of economics. On that note, Adeniyi Abiodun revealed that the world’s “largest consumer platform” is coming to Sui Network this year . On a cautionary perspective, Sui has a unique tokenomics, which allows Mysten Labs and Series A/B investors to stake their locked tokens. These positions generate asymmetric liquid rewards against other staking investors, allowing these entities to sell these rewards or compound their staking positions over time. Featured image from Shutterstock. The post Sui Network to unlock millions of SUI this week – Should you be worried? appeared first on Finbold . Bitcoin.com
OpenAI Plans To Raise Up To $40 Billion At a $340 Billion Valuation
The round will be led by SoftBank, which plans to invest between $15 billion and $25 billion, making it the largest investor in Sam Altman`s firm. Similar information was previously reported by the Financial Times. Part of the funds may be allocated to the Stargate project — a joint venture between SoftBank, OpenAI, and Oracle announced by Donald Trump, which aims to invest $500 billion in U.S. AI infrastructure over four years. In early October, OpenAI closed another funding round with a valuation of $157 billion. The startup is spending billions on training and supporting AI models while remaining unprofitable. The recent release of the allegedly inexpensive and efficient R1 neural network by the Chinese company DeepSeek has raised questions about the viability of billion-dollar investments in AI. However, DeepSeek has been suspected of stealing data from OpenAI. The American startup and Microsoft have initiated an investigation. OpenAI`s product director, Kevin Weil, emphasized that the more computations are applied, the more intelligent the neural network becomes. He promised to soon introduce a new model that will significantly outperform existing market products. Previously, Altman referred to DeepSeek-R1 as ”impressive” and vowed to surpass it. Recall that in January, his startup introduced its own AI agent called ”Operator,” capable of performing online tasks on behalf of users. Bitcoin.com