SUI Plunges 6% Overnight Before Buyers Step in at $3.40 Support

The cryptocurrency market faces headwinds as geopolitical tensions and security concerns weigh on investor sentiment. SUI’s sharp overnight decline coincides with broader market uncertainty, though strong buyer interest emerged at support levels around $3.40-$3.42. Meanwhile, the Sui community has rallied behind Cetus Protocol’s recovery efforts following its recent hack, with validators overwhelmingly approving a plan … Read more

TON Plunges 6% Before Staging Recovery Amid Global Tensions

TON’s recent price action reveals the complex interplay between project-specific developments and global economic factors. The token’s dramatic 24-hour range from $3.22 to $3.47 demonstrates how quickly sentiment can shift in cryptocurrency markets affected by international trade tensions. While TON found critical support at $3.22-$3.24, the pronounced bearish momentum that emerged resulted in a 6.2% … Read more

Spot Bitcoin ETFs Broke 10-Day Inflow Streak With $358M of Outflows Thursday: JPMorgan

U.S.-listed spot bitcoin BTC exchange-traded funds (ETFs) recorded their first day of net outflows in 10 trading sessions on Thursday, according to a research report by JPMorgan (JPM). The Wall Street bank estimated that spot bitcoin ETFs saw $358 million of redemptions yesterday, according to a Friday report, with just one, BlackRock’s iShares Bitcoin Trust … Read more

Dogecoin Plunges 10% in Midnight Crash, Struggles to Find Footing

Dogecoin DOGE, the popular meme cryptocurrency, endured a rough night as it plunged over 10% in a sudden sell-off that rattled markets. The drop — from $0.226 to $0.202 — occurred around midnight, coinciding with a surge in trading volume to 1.18 billion, highlighting a scramble among traders reacting to broader market jitters. While DOGE … Read more

Downside Insurance on BlackRock’s Spot Bitcoin ETF is Now Pricer Than Bullish Bets

Early Thursday, CoinDesk reported bullish-to-neutral shift in sentiment in the options market tied to BlackRock’s spot bitcoin exchange-traded fund (ETF). But by the end of the day, the situation worsened further, with sentiment turning slightly bearish. The one-year put-call skew, which reflects how the market prices in volatility risk for put options, offering downside protection, … Read more

Stripe Explores Bank Partnerships on Stablecoins as Payments Importance Grows, Says Company President

Payments firm Stripe held early discussions with banks about integrating stablecoins into their core service as digital tokens are gaining traction for global payments, co-founder and president John Collison said in an interview with Bloomberg. “Banks are very interested in how they should be integrated with stablecoins into their product offerings as well,” said Collison. … Read more