Notable news in the last 24 hours (06/10) BTC: 27,547 USD | ETH: 1,623 USD| Total market cap: 1,061 billion USD 1️⃣ Sui will invest 117 million SUI tokens in the ecosystem. To accelerate growth, the Sui Foundation has announced that it will use its 117 million SUI tokens ($51 million) to invest in the ecosystem. This is equivalent to 13.6% of the circulating supply and 1% of the total supply. Since these SUI tokens have been previously issued, the redistribution will not affect the circulating supply. 2️⃣ Blackbird raised $24 million, led by a16z. Blackbird has successfully raised $24 million in a Series A funding round, led by a16z, with participation from QED, Union Square Ventures, Shine, Variant and more. Blackbird is a platform dedicated to providing tools to connect restaurants with loyal customers, record information about reservations, visits, customer likes and dislikes, and more. This application accumulates points and upgrades incentives based on the frequency of visits of customers. 3️⃣ The Fed blames crypto for the collapse of Silvergate Bank. Recently, inspectors at the US Federal Reserve (Fed) have said that Silvergate Bank collapsed due to its over-reliance on risky cryptocurrencies. In its report on the collapse of Silvergate Bank, the Office of the Federal Reserve Ombudsman criticized Silvergate's strategy of focusing on "crypto customers." 4️⃣ Celsius plans to repay billions of dollars in Bitcoin and Ethereum debt by the end of the year. Cryptocurrency lender Celsius Network has informed a judge that it intends to start returning money to customers by the end of the year, during an Oct. 2 court hearing seeking approval for the company's restructuring plan. Judge Martin Glenn is considering whether he approved Celsius' restructuring plan. The plan also needs to be approved by securities regulators. According to reports, despite receiving the support of a majority vote, the plan is being opposed by some creditors.