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Officials from the People's Bank of China have revealed that they have developed a blockchain system that will enhance cross-border payments and aid simultaneous foreign exchange settlements.
#BlockchainFuture"
#crypto
#CryptoNews🔒📰🚫
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"Solana Reclaims $100 and Advances Toward $147 Despite Significant Whale Sell-Off"
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#SUI has dropped 30% from recent highs but holds above key trendline support. ETF filings and broker integration are fueling hopes for a rebound toward the $2.35 mark. In the increasingly turbulent crypto market, the declining SUI price trend undermines the recent falling wedge breakout. The SUI market price is down by 30% from its recent swing high of $2.77. As SUI struggles to reclaim the $2 psychological level, will lower price rejections reignite the wedge breakout rally? SUI Price Analysis On the daily chart, the SUI price trend shows a bullish failure to sustain above the R2 pivot resistance level at $2.78, leading to a sudden plunge along with the broader market correction. SUI broke below the $2 mark, with the recent downswing creating a 7-day low at $1.71. Currently, the SUI token is trading at $1.95. With multiple rejection candles at lower prices, SUI is holding above the recently broken resistance line, which suggests a possible reversal on the daily chart. However, increased price fluctuations are evident between the center pivot level at $2.11 and the S1 pivot level at $1.68. Interactive Brokers Opens Doors for SUI as Canary Files for ETF Despite the recent increase in volatility, institutions are signaling optimism for SUI. Recently, Canary Capital filed list SUI ETF on the Chicago Board Options Exchange. Additionally, Interactive Brokers, a global brokerage giant, has expanded its support for SUI. The firm has added SUI tokens to its crypto lineup. Interactive Brokers operates in over 160 countries, making SUI more accessible alongside stocks, options, and futures. This is expected to lead to increased adoption and global support. SUI Price Targets As SUI holds above the broken resistance trendline, the possibility of a bullish comeback remains strong. A post-retest reversal rally will likely target the R1 resistance pivot level, which aligns with the 61.80% Fibonacci level at $2.35. On the other hand, the crucial support for SUI is at the 78.60% Fibonacci level, around $1.55. #CryptoNewsFlash
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The #shiba⚡ Inu team has teased rolling out fresh opportunities soon and larger innovations in the future, calling for calm amid the market downside. The crypto market has seen intense volatility amid growing macroeconomic headwinds. Bitcoin’s collapse to $76,000 has spilled to prominent assets like Ethereum and Shiba Inu. Notably, the doggy-themed, lighthearted meme coin, the second largest in the meme sector, has also suffered from the onslaught. Shiba Inu has retraced 9% in the past seven days, extending its year-to-date decline to 48%. Nonetheless, the Shiba Inu ecosystem team sees this downside as temporary. In a recent X post, Lucie, a Shiba Inu marketer, encouraged enthusiasts to overlook the gloomy market conditions and focus on the impending rollouts that would change the ecosystem’s trajectory. It’s a Different Story Behind the Scenes Lucie disclosed that the dampened market mood has not impeded the team’s commitment to building. She reassured the Shib Army that the ecosystem leaders consistently seek ways to foster innovation, teasing an imminent deployment. Lucie stressed that a new technology will soon hit the Shiba Inu ecosystem, a testament to the leadership team’s ploy to expand beyond hype to real utility. While the marketing lead did not explicitly mention what enthusiasts should expect, she noted that the innovation is close to release. Meanwhile, she further fed the Shib Army’s curiosity, noting that bigger things were in the pipeline. The prominent marketer emphasized that there are other rollouts “so big they’ll take time to unfold.” Nonetheless, Lucie noted that momentum is building and urged proponents to ignore the trolls. FUD Builds Nothing: Lucie Lucie highlighted that fear, uncertainty, and doubt build nothing. According to her, the “lame dramas” and trolls also do not add anything to the ecosystem, calling on proponents to focus on what actually matters. She urged the community to fix their gaze on advancing technology, decentralized finance, and the real progress the Shiba Inu ecosystem is achieving..
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"Ethereum Eyes $1,690 as On-Chain Data Hints at Bottoming Reversal"
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A recent filing with the US SEC revealed that the self-acclaimed #Bitcoin Treasury firm Strategy could break its HODL strategy and sell its BTC tokens. Specifically, the Michael Saylor-chaired firm filed an 8-K form with the US Securities and Exchange Commission on April 7. Publicly traded companies usually submit this form to the regulator when disclosing significant events within the organization. Strategy filed the Monday form with the US SEC to update investors on its business activities in the first quarter, which ended on March 31, 2025. The disclosure provided detailed information on the Bitcoin acquisitions and the status of Strategy’s indebtedness. Detail of the Disclosure Raises Concerns Nonetheless, a detail of the submission has caught the crypto community’s attention. For context, the filing stated that Strategy could be forced to sell its BTC to offset certain financial obligations in the face of adverse market conditions. Remarkably, this brings to reality the possibility that Strategy might sell its stash of the pioneering cryptocurrency. Recall that executive chairman Saylor had earlier insisted that the company would never sell its Bitcoin but would continue to buy the top. However, Strategy would not easily relinquish its keenly treasured Bitcoin stash. The clause for its probable dump would be if the asset’s price sustains its downside spiral and it fails to secure new liquidity from equity sales or debt instruments either promptly or at unfavorable terms. Meanwhile, such sales would have severe implications for Strategy’s financial health. Its 528,185 BTC, currently worth $40.64 billion, has an unrealized profit of nearly $5 billion at Bitcoin’s current price of $76,812. Per the disclosure, the publicly traded firm may be required to sell below its average cost price of $67,485 or other unfavorable conditions, incurring substantial losses and hampering its chance at acquiring new funding. #CryptoNewss
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