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Whale Purchases 2.55 Million WIF Tokens at $1.76 Each
According to Odaily, Lookonchain monitoring has revealed that five hours ago, the largest holder of WIF borrowed 4.5 million USDC from Kamino. The whale then purchased 2.55 million WIF tokens at an average price of $1.76 each. Currently, this major holder possesses 31.2 million WIF tokens, valued at approximately $57.4 million.
USDC Treasury Mints Over 52 Million USDC on Ethereum
According to Odaily, Whale Alert has reported that the USDC Treasury minted 52,730,938 USDC on the Ethereum blockchain today at approximately 2:50 PM UTC+8.
Renzo Introduces ezUSDC On Jito Re-Staking Platform
According to BlockBeats, Renzo has announced the launch of ezUSDC on the Jito re-staking platform. This integration will enable stakers to use USDC as stable collateral and allow DeFi platforms on Solana to utilize ezUSDC as a new re-staking asset.
EzUSDC is a liquid token for re-staking USDC. By combining USDC, Renzo's expertise in liquid staking, and Jito's innovative staking infrastructure, developers will be able to unlock new possibilities for secure and sustainable NCN on Solana.
EzUSDC is a liquid token for re-staking USDC. By combining USDC, Renzo's expertise in liquid staking, and Jito's innovative staking infrastructure, developers will be able to unlock new possibilities for secure and sustainable NCN on Solana.
SUI Rallies, DeFi Value Locked Doubles in a Month
SUI rallied again to a one-month peak, breaking above $1.44. The platform is also drawing inflows into its DeFi sector.
SUI is one of the unique platforms, offering a graph-like structure instead of a blockchain. The native SUI token broke out of its declining range, returning to the highest levels since April. It has peaked at $2.10 and the recent rally re-sparks hopes of a price discovery and a move to double-digit prices.
The SUI rally coincided with a market-wide recovery, led by Bitcoin (BTC) moving above $63,800. For SUI, the main factor was the announcement of launching native USDC stablecoins in the near future. The announcement started the rally this week, also causing a drive against short positions.
SUI has been hyped as one of the altcoins positioned to rally during a new market cycle. The asset will still need to compete with L2s and other liquidity hubs, which have already established their dominance in DEX trading, lending, and NFT activities.
Open interest for the token expanded by 30% in the past week, up to $300M. After the latest price hike, SUI traders wiped out short positions for most of the past week. There was a marked shift to longs from September 19 onward, making up more than 55% of all derivative volumes. The shift also suggests SUI may reverse direction, if traders decide to liquidate longs.
The SUI long/short ratio expanded as the price rallied above $1.43. | Source: Coinalyze
SUI trading volumes are relatively high at $709M in 24 hours, similar to the levels from the March and April rallies. The rapid asset expansion is also setting up expectations for a correction in the short term.
Token unlock may depress the SUI price
The recent SUI rally was heating up for as long as three weeks. The latest drive to $1.41 precedes a known unlock event that will dilute the circulating supply.
SUI has a total supply of 2.69B tokens, with a total supply of 10B. Until 2027, token unlocks will continue with regular new inflows. Currently, only 28% of the supply is unlocked, with most of it having flowed into the markets.
The next unlock will expand the circulating supply by 64.19M SUI, or 2.40% of the total supply. It is uncertain if the recipients will sell the coins, but the market may potentially have to absorb $82.81M after the October 1 unlock.
SUI relies on marketing to grow
The recent SUI rally follows a period of social media marketing, aiming to elevate the network to compete with the current top chains. SUI launched relatively late in 2023, when most of the positions were taken by L2 and traffic was already established on Ethereum, Solana, BNB Chain and a few others.
The SUI team will not give up and the asset keeps growing its influence on X. The token is also widely distributed, with top addresses only containing 15% of the supply. The network, however, is not as transparent as Ethereum or L2s, with no data on fees. SUI is not EVM compatible and will explore alternative methods for onboarding stablecoins. As of September, SUI carries more than $377M in the form of stablecoins, mostly on lending protocols.
The SUI ecosystem reports $830.78B in value locked, expanding from $500M in August. For now, the protocol is not considered undervalued, as its market cap above $3.6B is much higher than the value locked on the protocol.
The ecosystem hosts the NAVI protocol, a collateralized lending facility offering loans against SUI, USDC, USDT, WETH, and WBTC. The chain also hosts DEXs and smaller lending hubs, but NAVI still controls more than 40% of the liquidity.
Most of the recent ecosystem expansion comes from NAVI, which only held around $140M in value locked as of August 6.
SUI claims to have up to 1.6M daily active accounts, a level similar to TRON’s high-traffic network. There is no specific data on user count for apps, though Navi Protocol has reported up to 10K daily active users.
The biggest problem for SUI is the rapidly expanded supply. In 2023, the project started off with around 500M tokens, going through its biggest cliff unlock in April. SUI expanded its supply from around 1B tokens to 2.3B in a single event. Currently, the supply is growing more gradually, but will still grow to 3.63B in a year.
Cryptopolitan reporting by Hristina Vasileva
SUI is one of the unique platforms, offering a graph-like structure instead of a blockchain. The native SUI token broke out of its declining range, returning to the highest levels since April. It has peaked at $2.10 and the recent rally re-sparks hopes of a price discovery and a move to double-digit prices.
The SUI rally coincided with a market-wide recovery, led by Bitcoin (BTC) moving above $63,800. For SUI, the main factor was the announcement of launching native USDC stablecoins in the near future. The announcement started the rally this week, also causing a drive against short positions.
SUI has been hyped as one of the altcoins positioned to rally during a new market cycle. The asset will still need to compete with L2s and other liquidity hubs, which have already established their dominance in DEX trading, lending, and NFT activities.
Open interest for the token expanded by 30% in the past week, up to $300M. After the latest price hike, SUI traders wiped out short positions for most of the past week. There was a marked shift to longs from September 19 onward, making up more than 55% of all derivative volumes. The shift also suggests SUI may reverse direction, if traders decide to liquidate longs.
The SUI long/short ratio expanded as the price rallied above $1.43. | Source: Coinalyze
SUI trading volumes are relatively high at $709M in 24 hours, similar to the levels from the March and April rallies. The rapid asset expansion is also setting up expectations for a correction in the short term.
Token unlock may depress the SUI price
The recent SUI rally was heating up for as long as three weeks. The latest drive to $1.41 precedes a known unlock event that will dilute the circulating supply.
SUI has a total supply of 2.69B tokens, with a total supply of 10B. Until 2027, token unlocks will continue with regular new inflows. Currently, only 28% of the supply is unlocked, with most of it having flowed into the markets.
The next unlock will expand the circulating supply by 64.19M SUI, or 2.40% of the total supply. It is uncertain if the recipients will sell the coins, but the market may potentially have to absorb $82.81M after the October 1 unlock.
SUI relies on marketing to grow
The recent SUI rally follows a period of social media marketing, aiming to elevate the network to compete with the current top chains. SUI launched relatively late in 2023, when most of the positions were taken by L2 and traffic was already established on Ethereum, Solana, BNB Chain and a few others.
The SUI team will not give up and the asset keeps growing its influence on X. The token is also widely distributed, with top addresses only containing 15% of the supply. The network, however, is not as transparent as Ethereum or L2s, with no data on fees. SUI is not EVM compatible and will explore alternative methods for onboarding stablecoins. As of September, SUI carries more than $377M in the form of stablecoins, mostly on lending protocols.
The SUI ecosystem reports $830.78B in value locked, expanding from $500M in August. For now, the protocol is not considered undervalued, as its market cap above $3.6B is much higher than the value locked on the protocol.
The ecosystem hosts the NAVI protocol, a collateralized lending facility offering loans against SUI, USDC, USDT, WETH, and WBTC. The chain also hosts DEXs and smaller lending hubs, but NAVI still controls more than 40% of the liquidity.
Most of the recent ecosystem expansion comes from NAVI, which only held around $140M in value locked as of August 6.
SUI claims to have up to 1.6M daily active accounts, a level similar to TRON’s high-traffic network. There is no specific data on user count for apps, though Navi Protocol has reported up to 10K daily active users.
The biggest problem for SUI is the rapidly expanded supply. In 2023, the project started off with around 500M tokens, going through its biggest cliff unlock in April. SUI expanded its supply from around 1B tokens to 2.3B in a single event. Currently, the supply is growing more gradually, but will still grow to 3.63B in a year.
Cryptopolitan reporting by Hristina Vasileva
Five Unforgettable Announcements From Sui Builder House: Singapore
Sui Builder House: Singapore just wrapped up, and the community showed up big time! The event was buzzing with exciting announcements, fun-filled activities, and endless conversations among community members and key industry leaders.
In just one day, more than 600 people from across various communities and industries gathered in Singapore, all on the hunt for alpha. Big announcements from Circle, Decrypt, DeLorean Labs, and One Championship took center stage and turned heads. But it wasn’t just the announcements—some of the activities managed to steal the spotlight at times too.
Sui Builder House: Singapore housed over 600 people across three floors filled with activities, presentations, and networking opportunities.
“Sui is a next-generation blockchain driving the internet revolution from Web2 to Web3,”Adeniyi Abiodun, Mysten Labs CPO and co-founder, said as he kicked off the event. With industry leading performance, one of the fastest growing Web3 ecosystems, and groundbreaking innovations like Walrus, Sui is establishing itself as the global coordination layer for the new internet.
As we look back, here are the top five standout moments that made Sui Builder House Singapore truly unforgettable.
Circle announces native USDC is coming to Sui
Jeremy Allaire, CEO of Circle, shaped his presentation around the current landscape and future potential of stablecoins, while teasing that he’d drop some exciting news. As the presentation drew to a close, Allaire made the big reveal: USDC, one of the most trusted and transparent digital dollars, is coming to Sui.
Jeremy Allaire, CEO of Circle, announced that USDC is coming to Sui very soon.
USDC is already live on Sui Testnet and will soon launch on Mainnet, boosting liquidity and reducing stablecoin fragmentation across the ecosystem. Shortly after, the Cross-Chain Transfer Protocol (CCTP) will be integrated with Sui, enhancing interoperability with other networks, like Solana and Ethereum. Allaire’s endorsement of Sui’s technology and community signals the strength of this partnership and sets up the next stage of growth for Sui.
“We work with a number of different chains, and what we’ve seen from this community, and Sui itself as a technology, is super impressive.” – Jeremy Allaire, CEO of Circle
Walrus Whitepaper dropped
The future of decentralized storage took a big step forward with the release of the Walrus Whitepaper and the upcoming launch of the WAL token. As the decentralized web grows to include more rich media—like text, audio, video, and data archives—traditional blockchains can’t handle these storage requirements at scale. Walrus is positioning itself to be the go-to decentralized storage solution, offering cost-effective, scalable, and programmable storage, reinforcing Sui's position to be the global coordination layer.
The WAL token will play a crucial role in powering the Walrus network, enabling delegated proof-of-stake and ensuring reliable data storage through novel attestation challenges. The Walrus Testnet is launching soon, inviting developers to explore the possibilities that Walrus helps bring to life.
Decrypt to store all media content on Walrus
Decrypt, a leading Web3 media outlet, is posting its entire content library to Walrus. As Ilan Hazan, Decrypt CPO and co-founder said, “We use Web3 to cover Web3,” and now they’re showcasing that commitment by storing 100% of their content on Walrus. This transition underscores Decrypt’s dedication to leveraging the best decentralized storage solution available.
Decrypt, one of the largest Web3 media companies, will be storing all of their content on Walrus.
Each article on Decrypt will link to its Walrus-stored counterpart, offering a clear example of how Walrus will revolutionize content management for media companies.
DeLorean Labs and Sui accelerate innovation
DeLorean Labs is building on Sui, creating NFTs that represent build slots for the new DeLorean EV, granting the flexibility to the owners to interact with and even trade their DeLorean build slot. The DeLorean NFTs will remain tied to the car for its lifetime, unlocking a range of capabilities. NFT holders will even be able to drive their DeLorean in the Motorverse adding exciting layers of utility for enthusiasts.
In addition, DeLorean Labs is also offering the chance to mint your own DeLorean time capsule, with one lucky minter winning a brand-new DeLorean!
One Championship punches up sports media with Sui
ONE Championship, a combat sports media leader, is bringing their fan engagement into the Web3 era by building on Sui. By leveraging Sui’s user-friendly onboarding tools like zkLogin, ONE Championship aims to make it easier for their Web2 audience to cross into the world of Web3.
Fans will soon be able to engage with a manga series featuring ONE athletes, powered by Walrus. As part of this experience, fans can participate in a free-to-play pick’em game, with opportunities to win rewards, alongside phygital collectibles blending physical and digital elements.
Honorable Mentions
SUI & SuiPlay0X1 Giveaways
One of the exciting extras at the event was the SUI giveaways through NFC Stashed cards, with participants receiving up to 100 SUI per card. Every seated attendee was given a card, and more could be earned through event activities. Additionally, two attendees walked away with a SuiPlay0X1 pre-order, adding an extra layer of excitement to the day!
Attendees earned scratch off cards allowing them to redeem an award of up to 100 SUI through Stashed. Networking and Activities
The event’s venue spanned three stories, with networking and discussions buzzing on two floors alongside interactive partner booths and activities. Teams like Aftermath, NHN, Shinami, Studio Mirai, SuiLend, Lucky Kat, Tradeport, and many more helped energize the space with conversations, product demos, and more, creating an engaging atmosphere for all attendees
The excitement carried into the next day, with Steve Aoki headlining Move with Sui at Marquee and giving attendees a night to remember.
Over 2,400 guests turned out for the afterparty where legendary DJ, Steve Aoki, lit up the room. Only 1% done
Sui Builder House: Singapore was a huge success, but the excitement doesn’t end here. With all the announcements, partnerships, and the community’s incredible engagement, Sui is continuing to push the boundaries of what’s possible in Web3.
Whether you’re a builder, creator, or just someone excited about the future, there’s so much more to come. Stay tuned, Sui’s journey is just hitting its stride, and the best is still ahead!
Note: This content is for general educational and informational purposes only and should not be construed or relied upon as an endorsement or recommendation to buy, sell, or hold any asset, investment or financial product and does not constitute financial, legal, or tax advice.
In just one day, more than 600 people from across various communities and industries gathered in Singapore, all on the hunt for alpha. Big announcements from Circle, Decrypt, DeLorean Labs, and One Championship took center stage and turned heads. But it wasn’t just the announcements—some of the activities managed to steal the spotlight at times too.
Sui Builder House: Singapore housed over 600 people across three floors filled with activities, presentations, and networking opportunities.
“Sui is a next-generation blockchain driving the internet revolution from Web2 to Web3,”Adeniyi Abiodun, Mysten Labs CPO and co-founder, said as he kicked off the event. With industry leading performance, one of the fastest growing Web3 ecosystems, and groundbreaking innovations like Walrus, Sui is establishing itself as the global coordination layer for the new internet.
As we look back, here are the top five standout moments that made Sui Builder House Singapore truly unforgettable.
Circle announces native USDC is coming to Sui
Jeremy Allaire, CEO of Circle, shaped his presentation around the current landscape and future potential of stablecoins, while teasing that he’d drop some exciting news. As the presentation drew to a close, Allaire made the big reveal: USDC, one of the most trusted and transparent digital dollars, is coming to Sui.
Jeremy Allaire, CEO of Circle, announced that USDC is coming to Sui very soon.
USDC is already live on Sui Testnet and will soon launch on Mainnet, boosting liquidity and reducing stablecoin fragmentation across the ecosystem. Shortly after, the Cross-Chain Transfer Protocol (CCTP) will be integrated with Sui, enhancing interoperability with other networks, like Solana and Ethereum. Allaire’s endorsement of Sui’s technology and community signals the strength of this partnership and sets up the next stage of growth for Sui.
“We work with a number of different chains, and what we’ve seen from this community, and Sui itself as a technology, is super impressive.” – Jeremy Allaire, CEO of Circle
Walrus Whitepaper dropped
The future of decentralized storage took a big step forward with the release of the Walrus Whitepaper and the upcoming launch of the WAL token. As the decentralized web grows to include more rich media—like text, audio, video, and data archives—traditional blockchains can’t handle these storage requirements at scale. Walrus is positioning itself to be the go-to decentralized storage solution, offering cost-effective, scalable, and programmable storage, reinforcing Sui's position to be the global coordination layer.
The WAL token will play a crucial role in powering the Walrus network, enabling delegated proof-of-stake and ensuring reliable data storage through novel attestation challenges. The Walrus Testnet is launching soon, inviting developers to explore the possibilities that Walrus helps bring to life.
Decrypt to store all media content on Walrus
Decrypt, a leading Web3 media outlet, is posting its entire content library to Walrus. As Ilan Hazan, Decrypt CPO and co-founder said, “We use Web3 to cover Web3,” and now they’re showcasing that commitment by storing 100% of their content on Walrus. This transition underscores Decrypt’s dedication to leveraging the best decentralized storage solution available.
Decrypt, one of the largest Web3 media companies, will be storing all of their content on Walrus.
Each article on Decrypt will link to its Walrus-stored counterpart, offering a clear example of how Walrus will revolutionize content management for media companies.
DeLorean Labs and Sui accelerate innovation
DeLorean Labs is building on Sui, creating NFTs that represent build slots for the new DeLorean EV, granting the flexibility to the owners to interact with and even trade their DeLorean build slot. The DeLorean NFTs will remain tied to the car for its lifetime, unlocking a range of capabilities. NFT holders will even be able to drive their DeLorean in the Motorverse adding exciting layers of utility for enthusiasts.
In addition, DeLorean Labs is also offering the chance to mint your own DeLorean time capsule, with one lucky minter winning a brand-new DeLorean!
One Championship punches up sports media with Sui
ONE Championship, a combat sports media leader, is bringing their fan engagement into the Web3 era by building on Sui. By leveraging Sui’s user-friendly onboarding tools like zkLogin, ONE Championship aims to make it easier for their Web2 audience to cross into the world of Web3.
Fans will soon be able to engage with a manga series featuring ONE athletes, powered by Walrus. As part of this experience, fans can participate in a free-to-play pick’em game, with opportunities to win rewards, alongside phygital collectibles blending physical and digital elements.
Honorable Mentions
SUI & SuiPlay0X1 Giveaways
One of the exciting extras at the event was the SUI giveaways through NFC Stashed cards, with participants receiving up to 100 SUI per card. Every seated attendee was given a card, and more could be earned through event activities. Additionally, two attendees walked away with a SuiPlay0X1 pre-order, adding an extra layer of excitement to the day!
Attendees earned scratch off cards allowing them to redeem an award of up to 100 SUI through Stashed. Networking and Activities
The event’s venue spanned three stories, with networking and discussions buzzing on two floors alongside interactive partner booths and activities. Teams like Aftermath, NHN, Shinami, Studio Mirai, SuiLend, Lucky Kat, Tradeport, and many more helped energize the space with conversations, product demos, and more, creating an engaging atmosphere for all attendees
The excitement carried into the next day, with Steve Aoki headlining Move with Sui at Marquee and giving attendees a night to remember.
Over 2,400 guests turned out for the afterparty where legendary DJ, Steve Aoki, lit up the room. Only 1% done
Sui Builder House: Singapore was a huge success, but the excitement doesn’t end here. With all the announcements, partnerships, and the community’s incredible engagement, Sui is continuing to push the boundaries of what’s possible in Web3.
Whether you’re a builder, creator, or just someone excited about the future, there’s so much more to come. Stay tuned, Sui’s journey is just hitting its stride, and the best is still ahead!
Note: This content is for general educational and informational purposes only and should not be construed or relied upon as an endorsement or recommendation to buy, sell, or hold any asset, investment or financial product and does not constitute financial, legal, or tax advice.
Whale Accumulates 31.2M $WIF, Rakes in $74M Profit After Major Buy At $1.76
The post Whale Accumulates 31.2M $WIF, Rakes in $74M Profit After Major Buy at $1.76 appeared first on Coinpedia Fintech News
A whale in the WIF ecosystem is making headlines as it borrows 4.5M $USDC from the Kamino Finance to purchase 2.55M $WIF at an average of $1.76. With a new purchase, the whale adds 2.55M $WIF to its massive portfolio and hits 31.2M $WIF, worth $57.4M. This whale’s strategic buying streak starts from last year’s December, when it bought 19.86M $WIF at a minimal price of $0.0114, for a total profit exceeding $74M. Further, the whale also spent 86,738 SOL (worth $8.92M) in a single transaction to acquire 17.23M $WIF.
A whale in the WIF ecosystem is making headlines as it borrows 4.5M $USDC from the Kamino Finance to purchase 2.55M $WIF at an average of $1.76. With a new purchase, the whale adds 2.55M $WIF to its massive portfolio and hits 31.2M $WIF, worth $57.4M. This whale’s strategic buying streak starts from last year’s December, when it bought 19.86M $WIF at a minimal price of $0.0114, for a total profit exceeding $74M. Further, the whale also spent 86,738 SOL (worth $8.92M) in a single transaction to acquire 17.23M $WIF.
Ripple’s RLUSD: Revolutionizing Payments With Speed, Security, and Multi-Chain Flexibility
Ripple’s RLUSD stablecoin offers fast, secure payments with multi-chain support, ideal for exchanges and remittance providers.
Ripple’s regulatory focus sets RLUSD apart from USDT and USDC, providing a compliant, stable payment option for businesses.
With quick, safe trading and liquidity solutions for quick-thinking businesses, DeFi is strengthened by Ripple's $10 million investment in Yellow Network.
Ripple is striving to meet the growing demand for faster, more affordable, and secure payment alternatives. When the use of cash goes down, a modern replacement can be provided by introducing efficiency and speed from blockchain technology with faith in the US dollar.
Stablecoins are becoming popular among people and businesses because of their security and utility. Fiat-backed stablecoins are expected to transact $6.87 trillion more than conventional payment networks like Mastercard in 2022 alone.
https://twitter.com/Ripple/status/1836163267732873421 Stablecoins: Enhancing Security and Cutting Costs
Besides being stable, RLUSD—Ripple’s USD-pegged stablecoin—operates on both the XRP Ledger and Ethereum, offering multi-chain issuance and programmable finance. This combination of fast settlement and easy fiat on/off ramps opens up new use cases for remittance providers and exchanges.
Furthermore, Ripple's emphasis on regulatory compliance sets RLUSD apart from competitors like Tether (USDT) and Circle’s USDC, offering a secure option for developers and institutions.
However, stablecoins aren't just about speed. They reduce reliance on intermediaries, cutting costs for merchants while enhancing security through cryptographic safeguards. This gives users the ability to settle transactions instantly without the risk of double-spending. Moreover, the programmability of stablecoins via smart contracts could inspire innovation, linking today’s Web2 economy to the decentralized Web3 ecosystem.
Ripple’s DeFi Expansion with Yellow Network
Moreover, Ripple is leading the charge in supporting new infrastructure to improve DeFi. Their co-founder, Chris Larsen, recently invested $10 million into Yellow Network, a decentralized clearing network designed to solve liquidity fragmentation. This new decentralized protocol promises near-zero latency, crucial for high-speed trading firms.
Significantly, with Yellow Network’s interoperability and its upcoming $YELLOW token launch, Ripple’s involvement in decentralized finance expands beyond stablecoins. Additionally, Ripple’s regulatory foresight, along with its decade-long crypto-finance expertise, positions RLUSD as a pivotal tool in the future of payments. The ongoing legislative support for stablecoins will also further their mainstream adoption.
Ripple’s commitment to driving the digital asset economy forward is evident. With RLUSD and initiatives like Yellow Network, they are laying the groundwork for a more inclusive and efficient financial future.
The post Ripple’s RLUSD: Revolutionizing Payments with Speed, Security, and Multi-Chain Flexibility appeared first on Crypto News Land.
Ripple’s regulatory focus sets RLUSD apart from USDT and USDC, providing a compliant, stable payment option for businesses.
With quick, safe trading and liquidity solutions for quick-thinking businesses, DeFi is strengthened by Ripple's $10 million investment in Yellow Network.
Ripple is striving to meet the growing demand for faster, more affordable, and secure payment alternatives. When the use of cash goes down, a modern replacement can be provided by introducing efficiency and speed from blockchain technology with faith in the US dollar.
Stablecoins are becoming popular among people and businesses because of their security and utility. Fiat-backed stablecoins are expected to transact $6.87 trillion more than conventional payment networks like Mastercard in 2022 alone.
https://twitter.com/Ripple/status/1836163267732873421 Stablecoins: Enhancing Security and Cutting Costs
Besides being stable, RLUSD—Ripple’s USD-pegged stablecoin—operates on both the XRP Ledger and Ethereum, offering multi-chain issuance and programmable finance. This combination of fast settlement and easy fiat on/off ramps opens up new use cases for remittance providers and exchanges.
Furthermore, Ripple's emphasis on regulatory compliance sets RLUSD apart from competitors like Tether (USDT) and Circle’s USDC, offering a secure option for developers and institutions.
However, stablecoins aren't just about speed. They reduce reliance on intermediaries, cutting costs for merchants while enhancing security through cryptographic safeguards. This gives users the ability to settle transactions instantly without the risk of double-spending. Moreover, the programmability of stablecoins via smart contracts could inspire innovation, linking today’s Web2 economy to the decentralized Web3 ecosystem.
Ripple’s DeFi Expansion with Yellow Network
Moreover, Ripple is leading the charge in supporting new infrastructure to improve DeFi. Their co-founder, Chris Larsen, recently invested $10 million into Yellow Network, a decentralized clearing network designed to solve liquidity fragmentation. This new decentralized protocol promises near-zero latency, crucial for high-speed trading firms.
Significantly, with Yellow Network’s interoperability and its upcoming $YELLOW token launch, Ripple’s involvement in decentralized finance expands beyond stablecoins. Additionally, Ripple’s regulatory foresight, along with its decade-long crypto-finance expertise, positions RLUSD as a pivotal tool in the future of payments. The ongoing legislative support for stablecoins will also further their mainstream adoption.
Ripple’s commitment to driving the digital asset economy forward is evident. With RLUSD and initiatives like Yellow Network, they are laying the groundwork for a more inclusive and efficient financial future.
The post Ripple’s RLUSD: Revolutionizing Payments with Speed, Security, and Multi-Chain Flexibility appeared first on Crypto News Land.
Sui's price has risen 30% in the last week
Its TVL is up $400 million from its early August lows of about $340 million
Does that make $SUI a good investment? ⬇️
Up-and-coming layer-1 blockchain protocol Sui (SUI) has seen significant gains recently, with the SUI price increasing by 30% in the past week to reach $1.35
This price surge aligns with a significant increase in crypto asset inflows to the blockchain
@SuiNetwork (TVL) in smart contracts has risen to approximately $808 million, up from around $340 million in early August
Sui adoption is likely to continue surging
Circle’s native USD stablecoin, USDC, will soon arrive on the blockchain, substantially enhancing its utility for crypto users
Per an announcement on X, @circle announced that Sui would soon be added to the Cross-Chain Transfer Protocol
Macro factors could benefit major cryptocurrencies, including Sui
The Fed is starting a new rate-cutting cycle after raising rates to multi-decade highs in 2023 to curb inflation
Short-term volatility is expected as markets speculate on a 25 or 50bps cut, but the trend is clear: lower US interest rates and a more favorable liquidity environment are on the way
If the US economy avoids a recession, tis should be positive for risk assets
What's in store for the $SUI price?
Sui's break above the $1.20 resistance could push it to yearly highs of $2.17, potentially doubling its value in the near term, making it a strong buy
Sui Price Jumps 35% After $400 Million Inflow With a market cap of $3 billion, there's significant growth potential if adoption accelerates.
Advocates believe Sui could reach a market cap in the tens of billions, making a $10 SUI price feasible
Its TVL is up $400 million from its early August lows of about $340 million
Does that make $SUI a good investment? ⬇️
Up-and-coming layer-1 blockchain protocol Sui (SUI) has seen significant gains recently, with the SUI price increasing by 30% in the past week to reach $1.35
This price surge aligns with a significant increase in crypto asset inflows to the blockchain
@SuiNetwork (TVL) in smart contracts has risen to approximately $808 million, up from around $340 million in early August
Sui adoption is likely to continue surging
Circle’s native USD stablecoin, USDC, will soon arrive on the blockchain, substantially enhancing its utility for crypto users
Per an announcement on X, @circle announced that Sui would soon be added to the Cross-Chain Transfer Protocol
Macro factors could benefit major cryptocurrencies, including Sui
The Fed is starting a new rate-cutting cycle after raising rates to multi-decade highs in 2023 to curb inflation
Short-term volatility is expected as markets speculate on a 25 or 50bps cut, but the trend is clear: lower US interest rates and a more favorable liquidity environment are on the way
If the US economy avoids a recession, tis should be positive for risk assets
What's in store for the $SUI price?
Sui's break above the $1.20 resistance could push it to yearly highs of $2.17, potentially doubling its value in the near term, making it a strong buy
Sui Price Jumps 35% After $400 Million Inflow With a market cap of $3 billion, there's significant growth potential if adoption accelerates.
Advocates believe Sui could reach a market cap in the tens of billions, making a $10 SUI price feasible
SynFutures Launches 2024 U.S. Election Perpetuals With 10x Leverage
SynFutures, a decentralized derivatives protocol, has launched perpetual contracts that allow users to trade the 2024 U.S. election.
On Sept. 19, SynFutures posted on X that the two perpetual contracts on the upcoming U.S. election would allow users to bet on the winner’s rate. The USDC (USDC)-paired trading contracts focus on who will emerge victorious between Vice President Kamala Harris and former U.S. president Donald Trump.
What are perpetual futures contracts?
Perpetual futures contracts offer a crypto derivative instrument that traders use to speculate on the future price of an underlying digital asset. These contracts in the crypto space typically involve assets like Bitcoin (BTC), Ethereum (ETH) or other coins.
Traders can speculate on any supported contract without owning the asset directly. Perpetual futures, unlike traditional futures contracts, do not have an expiration date.
Read more: REX Shares and Tuttle Capital launch 2X leveraged and inverse MicroStrategy ETFs
SynFutures offers Trump and Harris perpetuals
As SynFutures announced on Sept. 19, the new TRUMP-USDC and HARRIS-USDC perpetual futures pairs allow traders to bet on the Polymarket rate regarding who will win the U.S. election in November 2024.
SynFutures’ perpetuals, which offer up to 10x leverage, track the Polymarket bet on the topic of the ‘Presidential Election Winner 2024’.
Currently, predictions indicate Harris has a 52% chance of winning, while Trump stands at 47%.
On SynFutures, the TRUMP-USDC pair trades at $0.47661, while the HARRIS-USDC pair is at $0.52453. The trades show a 24-hour change of 0.72% and 0.24%, respectively. The 24-hour trading volume for the two contracts is just over $366,000 for TRUMP and over $105,000 for HARRIS.
The two contracts have a settlement date of Nov. 4.
You might also like: Polymarket user bets $1.2m on Harris to win presidential election
On Sept. 19, SynFutures posted on X that the two perpetual contracts on the upcoming U.S. election would allow users to bet on the winner’s rate. The USDC (USDC)-paired trading contracts focus on who will emerge victorious between Vice President Kamala Harris and former U.S. president Donald Trump.
What are perpetual futures contracts?
Perpetual futures contracts offer a crypto derivative instrument that traders use to speculate on the future price of an underlying digital asset. These contracts in the crypto space typically involve assets like Bitcoin (BTC), Ethereum (ETH) or other coins.
Traders can speculate on any supported contract without owning the asset directly. Perpetual futures, unlike traditional futures contracts, do not have an expiration date.
Read more: REX Shares and Tuttle Capital launch 2X leveraged and inverse MicroStrategy ETFs
SynFutures offers Trump and Harris perpetuals
As SynFutures announced on Sept. 19, the new TRUMP-USDC and HARRIS-USDC perpetual futures pairs allow traders to bet on the Polymarket rate regarding who will win the U.S. election in November 2024.
SynFutures’ perpetuals, which offer up to 10x leverage, track the Polymarket bet on the topic of the ‘Presidential Election Winner 2024’.
Currently, predictions indicate Harris has a 52% chance of winning, while Trump stands at 47%.
On SynFutures, the TRUMP-USDC pair trades at $0.47661, while the HARRIS-USDC pair is at $0.52453. The trades show a 24-hour change of 0.72% and 0.24%, respectively. The 24-hour trading volume for the two contracts is just over $366,000 for TRUMP and over $105,000 for HARRIS.
The two contracts have a settlement date of Nov. 4.
You might also like: Polymarket user bets $1.2m on Harris to win presidential election
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Users who successfully completed Phase 1 are whitelisted and can now enter Phase 2! 🔥
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$GHO / $USDC @GHOAave
$ETH / $wstETH @base
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Explore our Pools on the Maverick App: https://app.mav.xyz/add-liquidity
Sui Network Boosts DeFi With Native USDC and Seamless Cross-Chain Transfers
Sui Network’s integration of native USDC and CCTP boosts its DeFi and gaming ecosystem, enhancing developer opportunities.
CCTP enables smooth cross-chain USDC transfers on Sui, improving transaction efficiency between blockchains like Ethereum and Solana.
Sui will transition from bridged to native USDC, boosting liquidity and user experience in DeFi and gaming applications.
Circle announced that the CCTP and native USDC would soon be implemented on the Sui Network. Sui, a layer-1 blockchain renowned for its speed, security, and scalability, has reached a milestone with this integration.
Sui, which supports over 85 applications and continues to grow, will be the first blockchain-based on the Move programming language to offer these features. The introduction of native USDC and CCTP promises to bolster the network's DeFi and gaming ecosystem, enhancing its appeal to developers.
https://twitter.com/circle/status/1836042719233527901 Seamless Cross-Chain Transfers with CCTP
Soon, Sui will be home to USDC, the biggest stablecoin backed by dollars that is regulated. This development enables developers to utilize a highly reliable digital dollar for their applications. The CCTP enables smooth cross-chain USDC transfers between Sui and other blockchains, such as Ethereum, Base, Arbitrum, and Solana. This protocol has eliminated the necessity of locking up liquidity with a secure and cheap way of transacting cross-chain.
Currently, bridged USDC from Ethereum is the largest stablecoin on Sui, with over $260 million in circulation. To transition smoothly, Sui will work with ecosystem apps like Wormhole to shift liquidity from bridged USDC to native USDC. The Ethereum-bridged USDC will be renamed “wUSDC” on block explorers, and ecosystem apps will update their UI and documentation accordingly.
The integration of native USDC and CCTP will enhance Sui's market efficiency. Developers can leverage these tools to build diverse applications, including DeFi, gaming, and e-commerce solutions. This integration is expected to offer users a more seamless experience when sending, spending, and saving digital dollars.
Revolutionizing Cross-Chain Transactions
Furthermore, Circle’s CCTP addresses common issues in multi-chain transactions by unifying liquidity and simplifying the user experience. It allows USDC to be "teleported" securely and efficiently across blockchains, improving overall transaction efficiency. The protocol’s introduction will support Sui’s rapid evolution and position it as a leading player in the blockchain industry.
Circle's Chief Product Officer, Nikhil Chandhok, expressed enthusiasm about supporting Sui’s community with these advancements. Adeniyi Abiodun, co-founder of Mysten Labs, highlighted that native USDC will further solidify Sui’s status as an industry leader. The addition of USDC and CCTP underlines Sui's commitment to innovation and its growing influence in the blockchain.
The post Sui Network Boosts DeFi with Native USDC and Seamless Cross-Chain Transfers appeared first on Crypto News Land.
CCTP enables smooth cross-chain USDC transfers on Sui, improving transaction efficiency between blockchains like Ethereum and Solana.
Sui will transition from bridged to native USDC, boosting liquidity and user experience in DeFi and gaming applications.
Circle announced that the CCTP and native USDC would soon be implemented on the Sui Network. Sui, a layer-1 blockchain renowned for its speed, security, and scalability, has reached a milestone with this integration.
Sui, which supports over 85 applications and continues to grow, will be the first blockchain-based on the Move programming language to offer these features. The introduction of native USDC and CCTP promises to bolster the network's DeFi and gaming ecosystem, enhancing its appeal to developers.
https://twitter.com/circle/status/1836042719233527901 Seamless Cross-Chain Transfers with CCTP
Soon, Sui will be home to USDC, the biggest stablecoin backed by dollars that is regulated. This development enables developers to utilize a highly reliable digital dollar for their applications. The CCTP enables smooth cross-chain USDC transfers between Sui and other blockchains, such as Ethereum, Base, Arbitrum, and Solana. This protocol has eliminated the necessity of locking up liquidity with a secure and cheap way of transacting cross-chain.
Currently, bridged USDC from Ethereum is the largest stablecoin on Sui, with over $260 million in circulation. To transition smoothly, Sui will work with ecosystem apps like Wormhole to shift liquidity from bridged USDC to native USDC. The Ethereum-bridged USDC will be renamed “wUSDC” on block explorers, and ecosystem apps will update their UI and documentation accordingly.
The integration of native USDC and CCTP will enhance Sui's market efficiency. Developers can leverage these tools to build diverse applications, including DeFi, gaming, and e-commerce solutions. This integration is expected to offer users a more seamless experience when sending, spending, and saving digital dollars.
Revolutionizing Cross-Chain Transactions
Furthermore, Circle’s CCTP addresses common issues in multi-chain transactions by unifying liquidity and simplifying the user experience. It allows USDC to be "teleported" securely and efficiently across blockchains, improving overall transaction efficiency. The protocol’s introduction will support Sui’s rapid evolution and position it as a leading player in the blockchain industry.
Circle's Chief Product Officer, Nikhil Chandhok, expressed enthusiasm about supporting Sui’s community with these advancements. Adeniyi Abiodun, co-founder of Mysten Labs, highlighted that native USDC will further solidify Sui’s status as an industry leader. The addition of USDC and CCTP underlines Sui's commitment to innovation and its growing influence in the blockchain.
The post Sui Network Boosts DeFi with Native USDC and Seamless Cross-Chain Transfers appeared first on Crypto News Land.
Sui Price Surges 13% As Circle Announces Upcoming USDC Launch, But Analysts Say Consider This Lay...
The Sui price soared over 13% in the last 24 hours to trade at $1.21 as of 11:33 p.m. EST as traders go long on the altcoin.
This increase in the SUI price comes after the CEO of Circle, the issuer of USD Coin (USDC), announced the upcoming deployment of the second largest stablecoin by market cap on the Sui network.
BREAKING 🔥 @jerallaire, Co-Founder, CEO & Chairman, Circle announces native $USDC launching soon on @SuiNetwork!! pic.twitter.com/oEZBIYFSdr
— Stravia.sui 111.sui (@vyz_cm) September 17, 2024
As part of the new integration, USDC will become natively supported on Sui through the Cross-Chain Transfer Protocol (CCTP).
The Sui Price Forms A Bullish Channel
4-hour chart for SUI/USD (Source: GeckoTerminal)
The Sui price was able to break above the major resistance level at $1.1370 in the last 24 hours. It has since continued to print higher highs and higher lows on the 4-hour chart, resulting in the formation of an ascending channel. Should SUI keep climbing through the course of the next 24 hours, the altcoin could soon flip the $1.2965 barrier into support.
SUI falling out of the bullish price channel within the next 24 hours might invalidate the bullish thesis. Traders could end up identifying this technical event as a sign that the crypto’s positive trend has come to an end. As a result, the Sui price might end up testing the recently-formed support level at $1.1370.
Continued sell pressure should SUI drop to $1.370 could then lead to it plunging to as low as $0.9648 in the short term.
Technicals Point To A Continued Increase For The Sui Price
From a technical standpoint, indicators on SUI’s 4-hour chart suggest the crypto’s price might keep climbing in the coming 24 hours. More specifically, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing positive signs.
RSI readings have risen from 50 to 68 in the last 24 hours. This indicates that buyers have taken control of the Sui price. Additionally, the positive slope of the RSI line suggests that buyers are continuing to accumulate strength against sellers.
Meanwhile, the MACD line crossed above the MACD Signal line during the past day of trading to indicate that SUI has entered a positive short-term trend. Traders might also see the growing gap between these two lines as a sign of SUI’s bullish momentum intensifying.
Should these technical signs influence traders’ decisions in the short term, the Sui price might soon break above $1.2965.
While bulls try to push the Sui price higher, investors are flocking to the presale for layer-2 meme coin Pepe Unchained (PEPU), which YouTuber ClayBro, with 130K subscribers, says has the potential to generate 100X returns for investors.
Elevating PEPE And The Rest Of The Meme Coin Space To Another Level
Pepe Unchained (PEPU) is a layer-2 project with the aim of scaling the meme coin sector. The project will initially focus on the popular PEPE token, whose holders have had to put up with the high transaction fees and slow processing times inherited by any crypto deployed on the congested Ethereum blockchain.
Pepe Unchained will boost PEPE’s transaction speeds one hundred fold by shifting the meme coin’s transaction processing work off of the overpopulated Ethereum mainnet. In doing so, the altcoin’s holders will also be able to send and receive PEPE at a fraction of the cost. This high speed and low cost will be consolidated into one crypto token with the launch of PEPU.
Once Pepe Unchained has improved PEPE’s transactional experience, the project will then open up its computing abilities to the rest of the meme coin sector, essentially serving as a launchpad for future meme coins and an accelerator for existing tokens in the lighthearted sector of the crypto space.
Investors will also be able to simultaneously enjoy the robust security offered by the Ethereum network and the lightning-quick speeds achieved by the Pepe Unchained layer-2. Pepe Unchained will enable token holders to seamlessly shift value between these two chains as well.
Pepe Unchained’s High Staking APY Is Pulling Investors In
Pepe Unchained has raised more than $13.6 million through its ongoing ICO so far, and is fast approaching the $14 million fundraising milestone. In addition to its speculative potential, the 152% APY being offered to presale buyers who stake PEPU could be another reason investors are rushing to buy the meme coin at this early stage.
Pepe’s all geared up! 🐸👓💻 pic.twitter.com/k7tjCG2DWU
— Pepe Unchained (@pepe_unchained) September 16, 2024
There is still time left for anyone who wants to get in on this lucrative opportunity. All investors will need to do is acquire PEPU using the simple buy widget on its website. Selling for $0.0098, PEPU can be bought using either ETH, USDT, BNB or bank card.
Buy before a price hike in a little more than a day to secure the best deal.
Purchase and stake PEPU here for the 152% APY.
Related Articles:
Upcoming Crypto Presales: Unlock Early Investment Opportunities!
BlackRock’s Spot Bitcoin ETF Posts First Net Inflow In More Than 3 Weeks
Best Crypto to Buy Right Now September 17 – Pendle, BNB, Litecoin
This increase in the SUI price comes after the CEO of Circle, the issuer of USD Coin (USDC), announced the upcoming deployment of the second largest stablecoin by market cap on the Sui network.
BREAKING 🔥 @jerallaire, Co-Founder, CEO & Chairman, Circle announces native $USDC launching soon on @SuiNetwork!! pic.twitter.com/oEZBIYFSdr
— Stravia.sui 111.sui (@vyz_cm) September 17, 2024
As part of the new integration, USDC will become natively supported on Sui through the Cross-Chain Transfer Protocol (CCTP).
The Sui Price Forms A Bullish Channel
4-hour chart for SUI/USD (Source: GeckoTerminal)
The Sui price was able to break above the major resistance level at $1.1370 in the last 24 hours. It has since continued to print higher highs and higher lows on the 4-hour chart, resulting in the formation of an ascending channel. Should SUI keep climbing through the course of the next 24 hours, the altcoin could soon flip the $1.2965 barrier into support.
SUI falling out of the bullish price channel within the next 24 hours might invalidate the bullish thesis. Traders could end up identifying this technical event as a sign that the crypto’s positive trend has come to an end. As a result, the Sui price might end up testing the recently-formed support level at $1.1370.
Continued sell pressure should SUI drop to $1.370 could then lead to it plunging to as low as $0.9648 in the short term.
Technicals Point To A Continued Increase For The Sui Price
From a technical standpoint, indicators on SUI’s 4-hour chart suggest the crypto’s price might keep climbing in the coming 24 hours. More specifically, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing positive signs.
RSI readings have risen from 50 to 68 in the last 24 hours. This indicates that buyers have taken control of the Sui price. Additionally, the positive slope of the RSI line suggests that buyers are continuing to accumulate strength against sellers.
Meanwhile, the MACD line crossed above the MACD Signal line during the past day of trading to indicate that SUI has entered a positive short-term trend. Traders might also see the growing gap between these two lines as a sign of SUI’s bullish momentum intensifying.
Should these technical signs influence traders’ decisions in the short term, the Sui price might soon break above $1.2965.
While bulls try to push the Sui price higher, investors are flocking to the presale for layer-2 meme coin Pepe Unchained (PEPU), which YouTuber ClayBro, with 130K subscribers, says has the potential to generate 100X returns for investors.
Elevating PEPE And The Rest Of The Meme Coin Space To Another Level
Pepe Unchained (PEPU) is a layer-2 project with the aim of scaling the meme coin sector. The project will initially focus on the popular PEPE token, whose holders have had to put up with the high transaction fees and slow processing times inherited by any crypto deployed on the congested Ethereum blockchain.
Pepe Unchained will boost PEPE’s transaction speeds one hundred fold by shifting the meme coin’s transaction processing work off of the overpopulated Ethereum mainnet. In doing so, the altcoin’s holders will also be able to send and receive PEPE at a fraction of the cost. This high speed and low cost will be consolidated into one crypto token with the launch of PEPU.
Once Pepe Unchained has improved PEPE’s transactional experience, the project will then open up its computing abilities to the rest of the meme coin sector, essentially serving as a launchpad for future meme coins and an accelerator for existing tokens in the lighthearted sector of the crypto space.
Investors will also be able to simultaneously enjoy the robust security offered by the Ethereum network and the lightning-quick speeds achieved by the Pepe Unchained layer-2. Pepe Unchained will enable token holders to seamlessly shift value between these two chains as well.
Pepe Unchained’s High Staking APY Is Pulling Investors In
Pepe Unchained has raised more than $13.6 million through its ongoing ICO so far, and is fast approaching the $14 million fundraising milestone. In addition to its speculative potential, the 152% APY being offered to presale buyers who stake PEPU could be another reason investors are rushing to buy the meme coin at this early stage.
Pepe’s all geared up! 🐸👓💻 pic.twitter.com/k7tjCG2DWU
— Pepe Unchained (@pepe_unchained) September 16, 2024
There is still time left for anyone who wants to get in on this lucrative opportunity. All investors will need to do is acquire PEPU using the simple buy widget on its website. Selling for $0.0098, PEPU can be bought using either ETH, USDT, BNB or bank card.
Buy before a price hike in a little more than a day to secure the best deal.
Purchase and stake PEPU here for the 152% APY.
Related Articles:
Upcoming Crypto Presales: Unlock Early Investment Opportunities!
BlackRock’s Spot Bitcoin ETF Posts First Net Inflow In More Than 3 Weeks
Best Crypto to Buy Right Now September 17 – Pendle, BNB, Litecoin
🏛 Louisiana is now accepting crypto payments. State Treasurer John Fleming just announced that residents can use Bitcoin and USDC for state services. The first payment has already been made.
Kinda fun how the US has such mixed feelings about crypto. Some states are super progressive, others are still resistant. I wonder how this all plays out.
#Bitcoin! #USDC #USDC/USDT
Kinda fun how the US has such mixed feelings about crypto. Some states are super progressive, others are still resistant. I wonder how this all plays out.
#Bitcoin! #USDC #USDC/USDT
🚀The BNB Bridging Bonanza is just around the corner!
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Get 100% gas rebates—up to $1,000 in $FDUSD! 🎉
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💸From Sept 20 - Oct 19, bridge $USDC, $USDT, and $FDUSD to @BNBCHAIN GASLESS & FEELESS via #Celer cBridge!
Get 100% gas rebates—up to $1,000 in $FDUSD! 🎉
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Did you know ...❓
Candlestick charts for $USDC pairs on http://Ooki.cc default to $USDT in the absence of historical data, ensuring seamless data continuity.
Candlestick charts for $USDC pairs on http://Ooki.cc default to $USDT in the absence of historical data, ensuring seamless data continuity.
SUI Price Surge Has Just Begun: How High Can It Go?
Key Takeaways:
SUI price started a fresh surge above the $1.070 resistance.
A key bullish trend line is forming with support at $1.008 on the daily chart.
The price is up over 10% and might extend gains toward the $1.43 level.
Sui (SUI) price gained bullish momentum after it cleared $0.90. It is up over 30% in a week and might extend its surge by 20%.
SUI Price Outperforms With 30% Move
After forming a base above the $0.750 level, SUI price started a fresh increase. It broke many hurdles near the $0.8450 and $0.900 levels to enter a positive zone. It gained over 30% in a week and outperformed many major altcoins such as Solana and Ethereum.
Fundamentally, Sui recently concluded ‘Builder House’ in Singapore. The team made a few announcements, including Circle’s native USDC is coming to Sui and an official blockchain technology partnership with ONE Championship.
That’s a wrap on an incredible day of knowledge sharing and community building at #SuiBuilderHouse: Singapore!Thank you to the hundreds of builders who attended – celebrating the Sui community and learning about the latest news!Here's what was announced in just the last 24… pic.twitter.com/bUgv5pNlZ8
— Sui (@SuiNetwork) September 17, 2024
During the recent surge, the price broke the 76.4% Fib retracement level of the downward move from the $1.169 swing high to the $0.746 low. It is now trading well above the $1.169 high and the 50-day simple moving average (blue).
Sui price daily chart | Source: SUI/USD on TradingView.com
SUI is up over 10% in a few hours, and it seems like the bulls are not done yet. If they remain in action, the price could surge toward the $1.250 level. The first major resistance could be $1.270.
A clear move above the $1.27 level could set the pace for a larger increase. In the stated case, the price could rally and test the 1.618 Fib extension level of the downward move from the $1.169 swing high to the $0.746 low at $1.430. Any more gains might call for $1.50.
Downside Correction?
If not, SUI might start a downside correction from $1.25 or $1.27. Immediate support is near the $1.150 level. The first support is visible near the $1.0690 level (the recent breakout zone).
The next major support is near a key bullish trend line at $1.008 on the daily chart. The main uptrend support sits near the 50-day simple moving average (blue) at $0.85. A daily close below the $0.850 support could trigger a nasty decline. In the stated case, the price could dive toward the $0.750 support zone.
Overall, SUI price is pumping above the $1.0690 pivot level. If there is a pullback, the bulls might remain active near the $1.06 and $1.00 levels. On the upside, the main target for the bulls could be $1.430.
The post SUI Price Surge Has Just Begun: How High Can It Go? appeared first on CoinChapter.
SUI price started a fresh surge above the $1.070 resistance.
A key bullish trend line is forming with support at $1.008 on the daily chart.
The price is up over 10% and might extend gains toward the $1.43 level.
Sui (SUI) price gained bullish momentum after it cleared $0.90. It is up over 30% in a week and might extend its surge by 20%.
SUI Price Outperforms With 30% Move
After forming a base above the $0.750 level, SUI price started a fresh increase. It broke many hurdles near the $0.8450 and $0.900 levels to enter a positive zone. It gained over 30% in a week and outperformed many major altcoins such as Solana and Ethereum.
Fundamentally, Sui recently concluded ‘Builder House’ in Singapore. The team made a few announcements, including Circle’s native USDC is coming to Sui and an official blockchain technology partnership with ONE Championship.
That’s a wrap on an incredible day of knowledge sharing and community building at #SuiBuilderHouse: Singapore!Thank you to the hundreds of builders who attended – celebrating the Sui community and learning about the latest news!Here's what was announced in just the last 24… pic.twitter.com/bUgv5pNlZ8
— Sui (@SuiNetwork) September 17, 2024
During the recent surge, the price broke the 76.4% Fib retracement level of the downward move from the $1.169 swing high to the $0.746 low. It is now trading well above the $1.169 high and the 50-day simple moving average (blue).
Sui price daily chart | Source: SUI/USD on TradingView.com
SUI is up over 10% in a few hours, and it seems like the bulls are not done yet. If they remain in action, the price could surge toward the $1.250 level. The first major resistance could be $1.270.
A clear move above the $1.27 level could set the pace for a larger increase. In the stated case, the price could rally and test the 1.618 Fib extension level of the downward move from the $1.169 swing high to the $0.746 low at $1.430. Any more gains might call for $1.50.
Downside Correction?
If not, SUI might start a downside correction from $1.25 or $1.27. Immediate support is near the $1.150 level. The first support is visible near the $1.0690 level (the recent breakout zone).
The next major support is near a key bullish trend line at $1.008 on the daily chart. The main uptrend support sits near the 50-day simple moving average (blue) at $0.85. A daily close below the $0.850 support could trigger a nasty decline. In the stated case, the price could dive toward the $0.750 support zone.
Overall, SUI price is pumping above the $1.0690 pivot level. If there is a pullback, the bulls might remain active near the $1.06 and $1.00 levels. On the upside, the main target for the bulls could be $1.430.
The post SUI Price Surge Has Just Begun: How High Can It Go? appeared first on CoinChapter.
🔥 La Louisiane accepte désormais les paiements en Bitcoin on-chain, via Lightning et en USDC : une première aux États-Unis
John Fleming, trésorier de l'État de Louisiane 🇺🇸, a annoncé que l'État accepte désormais les paiements en #Bitcoin et $USDC.
Cette initiative marque une avancée majeure dans l'adoption des cryptomonnaies pour les services publics, offrant plus de liberté et de flexibilité aux citoyens.
L'État ne détiendra pas de Bitcoin mais utilisera une entreprise tierce, Bead Pay, pour convertir les cryptomonnaies reçues en dollars 🔄, facilitant ainsi l'intégration des paiements pour les services gouvernementaux.
John Fleming, trésorier de l'État de Louisiane 🇺🇸, a annoncé que l'État accepte désormais les paiements en #Bitcoin et $USDC.
Cette initiative marque une avancée majeure dans l'adoption des cryptomonnaies pour les services publics, offrant plus de liberté et de flexibilité aux citoyens.
L'État ne détiendra pas de Bitcoin mais utilisera une entreprise tierce, Bead Pay, pour convertir les cryptomonnaies reçues en dollars 🔄, facilitant ainsi l'intégration des paiements pour les services gouvernementaux.
Multi-Chain IntelMarkets Sees Explosive Growth With $283K Presale Momentum As Celestia and SUI Tu...
In the fast-paced world of crypto, where fortunes can be made or lost in a matter of seconds, IntelMarkets (INTL) is making waves with its AI-driven trading platform consistently demonstrating impressive growth, attracting investors from all corners of the cryptosphere.
Meanwhile, other promising projects like Celestia (TIA) and Sui (SUI) are also making headlines. These innovative platforms, each with its unique value proposition, are experiencing significant upticks in their markets. Let’’s zoom in further.
TIA Breaks Key Resistance: Bullish Outlook
The market capitalization of Celestia’s TIA token, which was valued at $1.02 billion, has increased to $1.096 billion after a notable 13% jump in the past 24 hours. The token has moved over the $4.44 mark, indicating a significant break-out from the downward trend shown on the 4-hour chart.
With TIA recently breaking a crucial resistance level of $4.88, there is room for more massive increases. With the TIA token now trading at $5.16, showing a 14% surge in the past day, its next target is at the $6.06 level.
it appears that TIA has some upward potential before overbought circumstances are reached with an RSI-based Moving Average of 36.79 and a Relative Strength Index (RSI) of 54.22, respectively. Investors should keep a careful eye on the $6.06 resistance level since breaking through it might result in massive gains while failing to do so could cause consolidation or a brief drop.
Circle’s Partnership Fuels SUI’s Growth
In the past 24 hours, the price of Sui Network’s SUI token has increased by 13.5%, outpacing established crypto giants in important metrics including trading volume, market capitalization, and volume-to-market cap ratio.
The cryptocurrency’s daily trading volume increased by almost 36% to $641 million. The surge in price stems from an important event involving Circle, the company behind USD Coin (USDC), which is scheduled to be integrated into the Sui network.
The Cross-Chain Transfer Protocol (CCTP), a framework that guarantees smooth transfers between many blockchain ecosystems, will make USDC’s native support on Sui possible.
The cryptocurrency has emerged from its second expanding wedge pattern during five months, according to the SUI price forecast, pushing the price up to $1.18 with increased trading activity. SUI is now trading at $1.17, which is its highest price since April.
IntelMarkets (INTL) $283k Presale: Crypto’s Next AI-Unicorn?
One of the hottest topics in investing town is IntelMarkets (INTL), an innovative trading protocol driven by AI. Said to be the next big thing in the cryptocurrency market, it adopts a revolutionary strategy for trading by fusing AI with blockchain and DeFi trading.
Its upside potential is astonishing given its standing at the confluence of advanced AI algorithms and massive blockchain potential. By using AI, IntelMarkets (INTL) is poised for transformation, transforming the $36 billion global cryptocurrency trading sector. Users will benefit from never-before-seen computer power; they will trade more effectively and intelligently by utilizing AI for sophisticated arbitrage, cost averaging, and auto-investment methods.
It is underpinned by a dual-chain working model, which lets it operate on two well-known blockchains, Solana and Ethereum, as well as on its own blockchain which is currently under construction and expected to be introduced soon. It is at its lowest cost, costing just $0.018 during the second stage of the presale, which has managed to surpass over $300k so far.
It is anticipated to see a 1000x increase in value following its market launch, placing it above other well-known cryptocurrencies. It is currently being explored by investors of top crypto projects like Celestia (TIA) and SUI propelling its growth further.
Discover More About Intel Markets:Presale: https://intelmarketspresale.com/Buy Presale: https://buy.intelmarketspresale.com/Telegram: https://t.me/IntelMarketsOfficialTwitter: https://x.com/intel_markets
The post Multi-Chain IntelMarkets Sees Explosive Growth with $283K Presale Momentum as Celestia and SUI Turns Bullish appeared first on CoinChapter.
Meanwhile, other promising projects like Celestia (TIA) and Sui (SUI) are also making headlines. These innovative platforms, each with its unique value proposition, are experiencing significant upticks in their markets. Let’’s zoom in further.
TIA Breaks Key Resistance: Bullish Outlook
The market capitalization of Celestia’s TIA token, which was valued at $1.02 billion, has increased to $1.096 billion after a notable 13% jump in the past 24 hours. The token has moved over the $4.44 mark, indicating a significant break-out from the downward trend shown on the 4-hour chart.
With TIA recently breaking a crucial resistance level of $4.88, there is room for more massive increases. With the TIA token now trading at $5.16, showing a 14% surge in the past day, its next target is at the $6.06 level.
it appears that TIA has some upward potential before overbought circumstances are reached with an RSI-based Moving Average of 36.79 and a Relative Strength Index (RSI) of 54.22, respectively. Investors should keep a careful eye on the $6.06 resistance level since breaking through it might result in massive gains while failing to do so could cause consolidation or a brief drop.
Circle’s Partnership Fuels SUI’s Growth
In the past 24 hours, the price of Sui Network’s SUI token has increased by 13.5%, outpacing established crypto giants in important metrics including trading volume, market capitalization, and volume-to-market cap ratio.
The cryptocurrency’s daily trading volume increased by almost 36% to $641 million. The surge in price stems from an important event involving Circle, the company behind USD Coin (USDC), which is scheduled to be integrated into the Sui network.
The Cross-Chain Transfer Protocol (CCTP), a framework that guarantees smooth transfers between many blockchain ecosystems, will make USDC’s native support on Sui possible.
The cryptocurrency has emerged from its second expanding wedge pattern during five months, according to the SUI price forecast, pushing the price up to $1.18 with increased trading activity. SUI is now trading at $1.17, which is its highest price since April.
IntelMarkets (INTL) $283k Presale: Crypto’s Next AI-Unicorn?
One of the hottest topics in investing town is IntelMarkets (INTL), an innovative trading protocol driven by AI. Said to be the next big thing in the cryptocurrency market, it adopts a revolutionary strategy for trading by fusing AI with blockchain and DeFi trading.
Its upside potential is astonishing given its standing at the confluence of advanced AI algorithms and massive blockchain potential. By using AI, IntelMarkets (INTL) is poised for transformation, transforming the $36 billion global cryptocurrency trading sector. Users will benefit from never-before-seen computer power; they will trade more effectively and intelligently by utilizing AI for sophisticated arbitrage, cost averaging, and auto-investment methods.
It is underpinned by a dual-chain working model, which lets it operate on two well-known blockchains, Solana and Ethereum, as well as on its own blockchain which is currently under construction and expected to be introduced soon. It is at its lowest cost, costing just $0.018 during the second stage of the presale, which has managed to surpass over $300k so far.
It is anticipated to see a 1000x increase in value following its market launch, placing it above other well-known cryptocurrencies. It is currently being explored by investors of top crypto projects like Celestia (TIA) and SUI propelling its growth further.
Discover More About Intel Markets:Presale: https://intelmarketspresale.com/Buy Presale: https://buy.intelmarketspresale.com/Telegram: https://t.me/IntelMarketsOfficialTwitter: https://x.com/intel_markets
The post Multi-Chain IntelMarkets Sees Explosive Growth with $283K Presale Momentum as Celestia and SUI Turns Bullish appeared first on CoinChapter.