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Sui Network Expands Bitcoin Integration Through SatLayer Partnership

  • Blockchain platform Sui has partnered with SatLayer to expand Bitcoin integration in decentralized finance (DeFi).
  • The integration, scheduled for December 18, 2024, allows decentralized applications to utilize Bitcoin for security and liquidity purposes.
  • The partnership enables the development of Bitcoin Validated Services (BVSes) within the Move programming language environment.
  • The integration aims to bridge traditional cryptocurrency assets with decentralized finance capabilities and increase Bitcoin's utility in the DeFi space.

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