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Sui Blockchain Partners With Oracle Red Bull Racing Team in Multiyear Deal

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Less than a month after its blockchain went live, Sui has signed a multiyear partnership deal with Oracle Red Bull Racing team to become their blockchain partner. The announcement caused Sui's native token to rise by 1.7% before dropping. This is not Red Bull's first venture into the crypto industry, having previously signed a $150 million deal with derivatives exchange Bybit. Sui will be introducing a range of digital experiences for racing fans in the upcoming months, according to the team.

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