Sui (SUI) has experienced a remarkable 70% increase in price over the past week, reaching around $1. This surge was primarily attributed to the launch of Grayscale’s Sui Trust, which focused on investing in the underlying asset. The introduction of the Grayscale Bittensor Trust also contributed to the excitement surrounding SUI. Industry experts and analysts
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An analyst, known as ‘Sensei’, recently shared an optimistic forecast for Bitcoin (BTC) on X (formerly Twitter). According to Sensei, Bitcoin has the potential to reach $72,000 in the near future. This prediction is based on a chart that outlines two parallel trend lines tracing Bitcoin’s recent price movements. Sensei believes that Bitcoin’s price could
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The latest data from crypto asset manager CoinShares has revealed a significant comeback in the crypto market, with digital asset investment products seeing $176 million in inflows last week. According to James Butterfill, head of research at CoinShares, this surge in inflow signals strong positive sentiment across the board, particularly in Ethereum-based funds. Ethereum products
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Coinbase, a prominent player in the cryptocurrency industry, has taken a strong stance against the US Securities and Exchange Commission’s (SEC) proposal to broaden the definition of “exchange” to include decentralized exchanges (DEXs). In a comment letter submitted to the SEC, Coinbase’s Chief Legal Officer, Paul Grewal, argued that the proposed rule is deeply flawed
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Recently, well-known crypto analyst CryptoCon drew attention to a technical indicator that has consistently forecasted local highs for Bitcoin during this bull run. According to CryptoCon’s analysis, Bitcoin is projected to surpass $100,000, potentially reaching $109,236 by the end of the year. This prediction hinges on the “1-month-behind 2023” trend continuing, with Bitcoin hitting a
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