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🔥 VanEck introduces SUI ETN to European investors as token hits all-time high VanEck, a global asset management firm and US spot Bitcoin ETF issuer has launched a new exchange-traded note (ETN) tied to the SUI token from the Sui blockchain network, according to a Nov. 13 statement. The ETN, now available on Euronext Amsterdam and Euronext Paris, allows European investors in over 15 countries to gain exposure to SUI without directly holding the asset. The product tracks the MarketVector Sui Network VWAP Close Index and is fully backed by SUI tokens held with Liechtenstein’s Bank Frick. It has a total expense ratio of 1.5%. VanEck’s SUI ETN comes as the digital asset has experienced increasing massive adoption that has pushed its value to a new all-time high of $3.31. 🔸 Why SUI? VanEck explained that it selected Sui for its ETN due to the blockchain’s high performance and user-friendly design. Sui, a decentralized smart contract platform, aims to process transactions quickly and efficiently. Unlike older blockchains like Bitcoin and Ethereum, which process transactions sequentially and often incur delays and high costs, Sui can handle multiple transactions simultaneously. This capability makes Sui ideal for applications requiring real-time transactions, such as financial services and gaming. In an earlier November report, VanEck stated that Sui provides a familiar user experience to most internet users because it is “fast, user-friendly, and affordable as platforms like Facebook, Twitter, and Robinhood.” Menno Martens, Crypto Product Manager at VanEck Europe, emphasized Sui’s scalability and cost-effectiveness. He added: “In our view, this network has strong growth potential, because its consistently low transaction costs make it a real alternative to older blockchains. The VanEck Sui ETN gives investors the opportunity to participate in the development of this promising blockchain network in an exchange-traded and comparatively simple way.” #SUI #VanEck
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⚡️ Shiba Inu Price Tumbles 18% Amidst Crypto Market Downturn Leading meme coin Shiba Inu (SHIB) has seen an 18% price drop in the past 24 hours. This mirrors the broader cryptocurrency market’s downturn, with global market capitalization falling by 5% over the same period. An assessment of the meme coin’s on-chain and technical setup has revealed a weakening bullish momentum and a growing dominance of bearish sentiment. This indicates that SHIB may extend this downtrend. Here is how. 🔸 Shiba Inu Loses Its Bulls Shiba Inu’s declining open interest (OI) confirms the decrease in market activity and a waning of bullish enthusiasm among the meme coin holders. As of this writing, this stands at $82.49 million, noting a 32% fall over the past 24 hours. OI refers to the total number of active contracts in the futures or options market that have not yet been settled, expired, or closed out. When it falls, it is a bearish signal. It suggests that traders are closing out their positions, likely because they believe the asset’s value will continue to drop or because they want to limit losses. This drop in OI amid falling prices, as in SHIB’s case, is a sign that bearish sentiment is strong among market participants. Additionally, the meme coin’s Mean Dollar Invested Age (MDIA) has declined steadily since November 9, confirming the uptick in selling pressure in the market. As of this writing, SHIB’s MDIA is 877, having decreased by 1.5% over the past four days. The MDIA tracks the average age of coins based on their dollar value. It measures how long, on average, a dollar invested in a cryptocurrency has remained idle in its current wallet address. A higher MDIA suggests that investors have kept their holdings over extended periods, while a lower MDIA means recent capital inflows or outflows. When an asset’s MDIA falls, it suggests that older coins are being moved, indicating increased trading activity. When this happens during a period of price decline, it indicates profit-taking or loss-cutting. #SHIB #Shibainu
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📈 Bitcoin Breaks $91,800 – Bullish Surge Seems Unstopable Bitcoin reached yet another major milestone after it's remarkable performance since the end of the presidential elections in the US. Bitcoin is up 5.63% in the past 24 hours and 22.05% on the weekly chary with a market cap of around $1.793 trillion. This past day BTC’s trading volume is down 35% to $102 billion. This upswnig led to 554.7 million being liquidated from the cryptocurrency market – $350.87 million in long positions and $203.84 million in shorts. TradingView’s 1-day technical analysis shows a very bullish santiment with the summary and moving averages pointing to “strong buy” at 16 and 13, respectively, while oscillators show “buy” at 3. The total crypto market cat is currently $2.98 trillion after rising 3.29% today. Today’s biggest gainer is the trending memecoin Peanut the Squirel (PNUT), which recently got a surprise listing by Binance. The altcoin has surged more than 250% in the past 24 hours, 1,300% since last week and has a market cap of around $1.7 billion. #BTC #Bitcoin
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🚀 US Inflation Data Released! What Was Bitcoin's (BTC) First Reaction? Bitcoin (BTC), the leading cryptocurrency that has been running from record to record since Donald Trump's victory, fell from yesterday's $ 89,000 levels to $ 87,200. While analysts expect a further rise in Bitcoin, critical inflation data that the FED attaches importance to in its interest rate decision was announced today. Here is the data disclosed: Consumer Price Index Annual: Announced 2.6% – Expected 2.6% – Previous 2.4% Consumer Price Index Monthly: Announced 0.2% – Expected 0.2% – Previous 0.2% Core Consumer Price Index Annual: Announced 3.3% – Expected 3.3% – Previous 3.3% Core Consumer Price Index Monthly: Announced 0.3%– Expected 0.3%– Previous 0.3% The consumer price index is an important variable used to measure consumer purchasing trends and U.S. inflation changes. Bitcoin's First Reaction After CPI Data! #BTC #Bitcoin
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🔥 Will #SUI Overtake Solana Before the End of the 2025 Altcoin Season? Many crypto analysts have tipped SUI, the native token of the Sui blockchain, to surpass Solana (SOL) before the end of the 2025 altcoin season. They think that SUI will be a leader in the crypto market bull run, like Solana’s in 2021. SUI has grown a lot even though it has only existed for a year. The Layer-1 blockchain has been adopted by many people after just about six months into its existence. Incidentally, SUI helped start the crypto market recovery in Q4 2023. SUI’s price has surged 840% in one year, even when the crypto market was not in a well-defined bull run. By all accounts, most crypto analysts consider the digital asset market’s behavior of the past year a preliminary move ahead of the substantive bull run. Such an assumption could imply much higher price targets for SUI. To measure the success of a cryptocurrency, analysts look at more than just the market price. They also look at metrics like market capitalization, which shows how many people use the cryptocurrency. TradingView’s data reveals just how much SUI’s market cap rose in the last 18 months. The novel blockchain token’s market cap recently surged to nearly $9.5 billion before retracing to $8.46 billion at the time of writing. This value puts SUI in the 14th position on CoinmarketCap, ten spots behind Solana, which sat in the 4th position at the time of writing, with a $96.7 billion market capitalization. 🔸 SUI vs Solana Despite widespread speculations about SUI’s potential to surpass Solana, historical performance data puts Solana ahead, but not by much. Solana surpassed the $10 billion market cap milestone within one year, a feat SUI is taking about 18 months to achieve. However, past behavior does not always determine future results. Hence, the speculations remain valid and will reveal themselves at the right time. No matter the outcome, SUI and Solana remain two of the best-performing cryptocurrencies of the current bull cycle. #SUI #SuiNetwork
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