Sui (SUI) has experienced a significant surge in its price recently, with a remarkable 125% weekly increase. This surge was largely attributed to the launch of Grayscale’s Sui Trust, which provided investors with a familiar product focused on investing in the underlying asset. As a result, SUI is currently trading at around $1, marking a
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The latest data from CoinShares has revealed a resurgence in the cryptocurrency market, with digital asset investment products attracting $176 million in inflows. This uptick in investor confidence is a clear indication of a strong and unanimous positive sentiment across the market, particularly in Ethereum-based funds. According to CoinShares’ head of research, James Butterfill, Ethereum
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A recent prediction by a crypto analyst known as ‘Sensei’ has stirred up excitement in the cryptocurrency market. Sensei has projected that Bitcoin could soar to as high as $72,000 in the near future. This optimism is fueled by the belief that the recent market bear trap is coming to an end, paving the way
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The recent submission of a comment letter by Coinbase to the US Securities and Exchange Commission (SEC) regarding the proposal to expand the definition of “exchange” has sparked intense debate within the cryptocurrency industry. Coinbase, along with other industry players, has expressed strong opposition to the SEC’s proposal, citing concerns over stifled innovation and unworkable
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Recent data from the cryptocurrency’s futures market has hinted at a potential rally for Ether (ETH). A CryptoQuant analyst pointed out a significant liquidation event that often signals a stabilization of the market and an increase in spot buying pressure. This could potentially lead to a price rally in the near future. ETH experienced a
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Binance, the largest cryptocurrency exchange in the world, periodically reviews each digital asset listed on its platform to ensure they meet high standards and industry requirements. When a coin or token no longer meets these standards or if the industry landscape changes, Binance conducts a more in-depth review and potentially delists it. Recently, Binance announced
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Cryptocurrency analyst CryptoCon recently highlighted a technical indicator that has been consistently accurate in predicting local highs for Bitcoin during this current bull run. According to CryptoCon, the Bitcoin Fibonacci extension is poised to drive the price of the leading cryptocurrency above $100,000, specifically targeting $109,236. This surge could potentially occur by the end of
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