Let's talk about the current situation of Sui @ SuiNetworkCN. Several key updates will elevate the chain experience to a higher level. 1. Hashi has tested online and is a native Bitcoin financial infrastructure on Sui 2. Zero gas fee stablecoin transfer, permanent change in protocol layer, using supported wallets and exchanges to transfer stablecoins for free 3. Privacy trading will be launched this year, and the wallet will have privacy protection for both amount and balance 4. The Sui Basecamp 2026 in October will release a complete roadmap for the full stack financial infrastructure in Singapore at the same time as Token2049 5. AI Agent Chain Finance, MemWal's Attempt at Intelligent Agent Memory Layer, and Other AI based Attempts 6. Deepbook has a prediction product to be released The prospect of zero gas fees and private transactions is relatively easy to understand. After eliminating transfer fees, the benchmark is the logic of SWIFT and PayPal, and the Sui team's predecessor came from the Meta stablecoin project. It is unacceptable for many institutions to disclose the amount of each transaction on the privacy blockchain, as this is a necessary requirement. Hashi Test Network, everyone can also interact and maybe there will be surprises, but I'm not sure. Everyone wants to do the big fat of Bitcoin TVL. Bitcoin staking and Bitcoin second layer projects have mostly failed. What's different about Sui's approach this time? The demand for BTC for lending and credit markets has always existed, but there is still a lack of a secure and compliant native infrastructure on the chain. Speed, cost, compatibility, and security have not been fully addressed. Sui's actions this time are all centered around the needs of the institution 1. Native BTC directly on chain Most on chain BTC is wrapped, such as WBTC, which is essentially a mapping certificate issued by the custodian, adding an extra layer of trust risk. Hashi's approach is to directly chain native BTC and use Move language to handle Bitcoin UTXO directly. The BTC on the chain is real BTC, without any packaging layer in between. 2. Guardian Layer solves security issues All BTC collateral is protected with 2-of-2 multi signature and requires the MPC signature of the Hashi verification node plus the Guardian signature before it can be moved. 3. Taxation and Compliance Hashi's access mechanism does not constitute a taxable event under US tax law. Then it becomes similar to obtaining higher capital efficiency through pledging stocks in the US stock market, and can also reasonably avoid taxes. The institutional custodians currently joined include BitGo and Ledger, liquidity providers include Cumberland, FalconX, and Bullish, and DeFi protocols include Scallop, Suilend, Bluefin, and Navi. Wave Digital Assets has signed a three-year cooperation agreement to specialize in tokenizing Bitcoin yield bond products on Hashi. Overall, Hashi's playing style is quite pragmatic. First, lay a solid foundation in the three aspects of native asset on chain, security architecture, and tax compliance, serving the main service institutions, and then let the ecosystem grow naturally. But Hashi is just one part of Sui's financial infrastructure layout. Looking at recent events together, Sui's idea is quite clear: to build the Bitcoin financial infrastructure with performance advantages, supplement payment and privacy with zero gas transfers and privacy transactions, and then extend to AI finance. I will also participate in the Basecamp in October, and there will be a more complete roadmap to follow up on