ZachXBT criticizes block explorers on L1 chains, calls for overhaul

ZachXBT identifies gaps in block explorer quality across several layer-1 blockchains, urging significant improvements.

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Sui Bridge Launches on Mainnet, Connecting Ethereum and Sui

Sui Bridge goes live on Mainnet, enabling native asset transfers between Ethereum and Sui, enhancing Web3 interoperability. (Read More)

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Sui Price Prediction for Today, September 30 SUI Technical Analysis

The Sui price prediction shows that SUI could be ready for the uptrend, and it may fundamentally break above $7.0 respectively. Sui Prediction Statistics Data: [...]

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Celestia, Sui, and Aptos set for $1.3 billion token unlock next month

The upcoming $1.3 billion token unlock could significantly impact market dynamics, potentially increasing selling pressure and volatility.

The post Celestia, Sui, and Aptos set for $1.3 billion token unlock next month appeared first on Crypto Briefing.

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SuiPlay0X1: Innovative Web3 Gaming Handheld Opens Preorders

SuiPlay0X1, the first Web3 gaming handheld, starts preorders at $599. Integrates Sui games and Steam for a unique gaming experience. (Read More)

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SUI Ready To Test $2 Resistance Bullish Pattern Suggests New ATH Soon

SUI is currently testing crucial supply levels after an impressive 75% surge from local demand around $1 since mid-September. This aggressive price movement has placed the layer-1 blockchain at the forefront of market discussions, making it one of the most trending assets right now.  Related Reading: Dogecoin Could Target $0.20 Soon, Analyst Predicts Is DOGE Primed For A Rally? Traders and investors are showing increased interest in SUI, with many speculating that this rally could be the beginning of even bigger gains in the coming months. The buzz around SUI has been amplified by its strong price action, and bullish sentiment is growing. Analysts are closely watching the price action, with some predicting that SUI could target significantly higher levels, potentially challenging its all-time highs around $2.20 in the near future. Such a move would solidify SUI’s position as a top-performing asset in the crypto market and could attract even more capital as the market looks for the next big opportunity.  As SUI continues to gain traction, all eyes are on its ability to sustain this momentum and break through key resistance levels, setting the stage for a potential rally to new highs. With optimism building, SUI is one to watch as the market anticipates its next move. SUI Bullish Pattern Still Playing Out SUI has emerged as one of the top-performing assets over the past two weeks, fueled by optimism following the Federal Reserve’s interest rate cuts announcement. Analysts and investors are eagerly watching the altcoin, hoping that the recent surge isn’t just a bull trap but the beginning of a massive rally poised to explode. Renowned crypto trader and analyst, Kong Trading, recently shared his technical analysis on X, highlighting the potential for a significant SUI surge in the coming months. He noted that the inverted head and shoulders pattern formed in the past months is still playing out nicely and could be a powerful signal for further gains.  According to his analysis, the key level to watch is $2. If SUI manages to break past this resistance, it could trigger a wave of FOMO (fear of missing out) among traders, propelling the price to unprecedented heights. However, Kong Trading also cautioned that SUI’s bullish momentum depends heavily on broader market conditions and macroeconomic trends. While the current setup is promising, the asset remains vulnerable to sudden shifts in sentiment or adverse market developments.  Related Reading: XRP Struggles Below $0.60 Metrics Reveal Growing Selling Pressure As SUI approaches its all-time highs, the coming weeks will be crucial in determining whether it can sustain its upward trajectory or if it will face a potential pullback. For now, all eyes are on SUI as it navigates these critical price levels, with traders hoping to see a breakout that could redefine its market position. Key Levels To Watch SUI is currently trading at $1.67 after an impressive 140% rally from its early September lows of $0.75. This significant price movement has brought SUI to a crucial supply zone, where the price could face resistance and potentially enter a consolidation phase. Analysts and traders are closely watching this level, as breaking above it could set the stage for further gains. If SUI manages to break past the $1.82 resistance, it would open the door for a rally toward its all-time high of $2.18. This level will be a major target for bulls, as reclaiming it could signal the continuation of a broader uptrend and attract more buyers into the market. However, a failure to break above $1.80 could see the price retracing to lower demand levels around $1.45, which served as a key resistance back in April. Related Reading: Solana (SOL) Consolidates in Symmetrical Triangle Analyst Reveals $160 Target On Breakout This $1.45 zone is now expected to act as strong support, offering a potential buy opportunity for traders looking to enter the market at a lower price. For now, SUI remains in a critical zone, and its next move will likely determine whether the current rally can extend toward new highs or if a consolidation phase is ahead. Featured image from Dall-E, chart from TradingView

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UK Gambling Commission charges Sorare for unlicensed facilities

The French website offers NFTs for fantasy sports team competitions and as collectibles. 

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SUI Takes the Spotlight: A 300% Price Jump and Soaring Social Engagement

The cryptocurrency markets have been witnessing a sharp rise in SUI action, up an astonishing almost 300% in the last month. The jump in price has brought not only traders into the fray but also all social action regarding it through the roof to an all-time high. With the rising enthusiasm, analyst Ali said that […]

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OpenAIs move to for-profit: Is it indeed illegal?

OpenAIs potential transformation into a for-profit corporation is not impossible, but it will likely not be an easy process.

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SUI Eyes $1.45 Retest Following Breakout: Will Bulls Defend Support?

SUI is on the brink of a key moment as it prepares to retest the $1.45 level following a successful breakout. The recent surge has positioned the cryptocurrency for a crucial test, where the bulls must step in to defend this newfound support. With the breakout still fresh and momentum hanging in the balance, the battle between bulls and bears continues to intensify. Can the bulls maintain control and solidify $1.45 as a foundation for further gains, or will selling pressure push SUI back into retreat? The aim of this analysis is to assess SUI’s potential as it approaches the critical retest of the $1.45 level after a strong breakout. We’ll explore the key technical signals, market sentiment, and the strength of bullish sentiment to determine whether the bulls can successfully defend this support. Technical Analysis: Key Indicators Point To $1.45 Retest Despite SUI’s price trading above the 100-day Simple Moving Average (SMA) on the 4-hour chart, the cryptocurrency is undergoing a noticeable pullback, aiming to retest the $1.45 level. This suggests that the recent bullish strength may be slowing down as traders reassess key support and resistance zones. An analysis of the 4-hour Relative Strength Index (RSI) shows a potential price decline toward $1.45 as the RSI line is dropping from the overbought zone toward the 50% threshold, indicating that SUI’s upbeat momentum may be losing strength. Related Reading: SUI Rises 8% Amid Market Retrace, Will The Joy Be Short-Lived? Also, on the daily chart, SUI is showing bearish momentum as it attempts to retest the $1.45 mark. There have not been any notable declines in the price since it broke above the 100-day SMA, which implies that a correction might be approaching. Finally, on the 1-day chart, a closer analysis of the RSI signal line reveals a drop to 72% after previously peaking above 77%. This decline from overbought levels indicates that bullish momentum is waning, potentially signaling the beginning of a price consolidation or correction. The Road Ahead: What A Successful Retest Could Mean For SUI A successful retest of the $1.45 support level could mark a pivotal moment for SUI, potentially setting the stage for further upward movement. If the bulls manage to defend this key level, SUI may aim for higher resistance points, with targets like $2.18 and beyond coming into focus. Related Reading: SUI Price Sits 40% Below All-Time High As TVL Approaches $1 Billion However, should SUI fail to hold the $1.45 support level, it could trigger a deeper correction toward the next key support at $1.22. A breach of this level might signal a shift in the trend, possibly accelerating additional downside moves and completing a bearish reversal. At the time of writing, SUI was trading at approximately $1.74, marking a 13.14% increase over the past 24 hours. The cryptocurrency’s market capitalization was around $4.6 billion, with trading volume exceeding $1 billion, reflecting increases of 13.14% and 70.81%, respectively. Featured image from Shutterstock, chart from Tradingview.com

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DOJ sues Visa over alleged payments monopoly

The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market. 

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SUI price surges as TVL hits $1.3 billion

Sui has seen a more than 44% spike in price in the past week and 65% in 30 days. Gains come after the Grayscale Sui Trust opened for accredited investors. The SUI network’s total value locked has surpassed $1.34 billion. SUI price has surged by more than 44% in the past week to trade above […]

The post SUI price surges as TVL hits $1.3 billion appeared first on CoinJournal.

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Exploring Blockchain Data Models: UTxO, Account-Based, and Sui's Object-Oriented Approach

A deep dive into blockchain data models: UTxO, account-based, and Sui's object-oriented approach, highlighting their impact on scalability, security, and user experience. (Read More)

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SUI Price Sits 40% Below All-Time High As TVL Approaches $1 Billion

SUI has recently emerged as one of the top-performing altcoins, posting an impressive 120% surge since early September.  This rapid price increase has captured the attention of both investors and analysts, as data from DefiLlama reveals that SUI’s Total Value Locked (TVL) is approaching the $1 billion mark. The rising TVL has fueled speculation that SUI could be on the brink of reaching a new all-time high, with many pointing to its growing ecosystem and increasing adoption as key factors driving its momentum. Related Reading: XRP $0.60 Triangle Breakout Could Ignite Parabolic Rally Key Levels To Watch Currently, SUI is testing a critical resistance level, which, if broken, could trigger a surge in price that may challenge its all-time high of $2.18. As market conditions continue to evolve and interest in decentralized finance grows, many are watching SUI closely for its potential to lead the next altcoin rally.  Should the resistance hold, the price may consolidate before making a stronger push higher. However, if bulls breakthrough, it could set the stage for a significant upward movement, positioning SUI as a standout performer in the crypto space. SUI Rising TVL Suggests Growing Demand  SUI has ignited a wave of optimism among investors and traders who view the Layer-1 blockchain as poised to become one of the biggest winners in the ongoing bull run. Key metrics and insights from analysts reveal a growing interest in SUI, driven not only by retail investors but also by institutions pushing its price higher.  On August 5, during a broader market crash, SUIs Total Value Locked (TVL) plummeted to $342 million. However, since then, the blockchain has staged an impressive recovery, with its TVL surging nearly threefold to $885 million, according to data from DeFiLlama. TVL is a critical metric that reflects the total dollar value of assets staked or locked within a protocol. A decrease in TVL indicates liquidity is being withdrawn, while an increase, such as SUIs 40% rise over the past 30 days, signals growing trust in the project and a healthier ecosystem. This sharp increase in TVL is a positive sign, suggesting that SUI’s network is attracting more liquidity and usage. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed Currently, the price of SUI is just 40% below its all-time high, creating an ideal setup for bulls who believe this project is poised for explosive growth. Many anticipate that SUI could be one of the breakout stars of this cycle, as its ecosystem continues to expand and investor confidence strengthens. Technical Levels To Watch SUI is now trading at $1.55 after a massive 60% rally since last Tuesday, showing strong momentum in the market. The price has increased with increasing volume, consolidating just below a key supply levela sign of strength and confirmation of a bullish trend. Bulls must keep SUI above $1.40 to sustain momentum. Once a supply zone, this level may now act as a new demand zone. Consolidating above $1.40 could drive the price to higher levels, specifically toward $1.71. Reclaiming $1.71, a crucial supply zone, would position SUI to challenge its all-time high. Breaking through this level would set the stage for further price appreciation and possibly a new ATH. Related Reading: Bitcoin Indicator Signals Shift To Bullish Territory Can BTC Break Past $65,000? A deeper correction is possible if SUI loses its current price levels. Lower demand zones around $1.25 or even $1.17 might provide support. This would slow the rally, but the overall bullish outlook remains intact if the price stays within these key levels. Featured image from Dall-E, chart from TradingView

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Court questions SECs vacuous denial of Coinbase rulemaking petition

In 2022, Coinbase asked the SEC to propose and adopt rules to govern crypto, including clarification of which crypto assets are securities.

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SuiNS Unveils Governance Voting and Rewards Mechanism

SuiNS introduces a decentralized governance model, empowering the community with voting rights and rewards to shape the platform's future. (Read More)

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SUI Eyes Potential Pullback As RSI Flashes Warning: $1.4 Retest In Sight

SUI impressive bullish momentum appears to be losing steam as technical indicators point toward a potential cooldown, with the Relative Strength Index (RSI) signaling overbought conditions, raising concerns about the sustainability of the recent rally.  The $1.4 level is now in focus, as this cooling strength suggests that a pullback could be on the cards, offering a critical moment for SUI as it navigates through growing market pressure. Will the bulls hold their ground, or is a correction set to unfold? This article aims to analyze SUIs recent price action in light of technical indicators, particularly the RSI, which suggests a potential cooling of momentum. By examining the implications of overbought conditions and the likelihood of a retest at the $1.4 level, this analysis seeks to provide insight into whether SUIs bullish trend will continue or if a correction is on the horizon. Technical Indicators Point To Cooling Momentum: A Turning Point For SUI? Despite SUI’s price trading above the 100-day Simple Moving Average (SMA) on the 4-hour chart, the cryptocurrency is undergoing a noticeable pullback, aiming to retest the $1.4 level. This suggests that the recent bullish pressure may be slowing as traders reassess key support and resistance zones. An analysis of the 4-hour Relative Strength Index suggests a potential price drop toward $1.4 as the RSI line is dropping from the overbought zone toward the 50% threshold, indicating that SUI’s bullish momentum may be losing strength. Related Reading: SUI Climbs 36% Amid Bullish Breakout Is $1.50 The Next Target? Also, on the daily chart, SUI is showing bearish sentiment as it attempts to retest the $1.4 mark. Since breaking above the 100-day SMA, the price has experienced a consistent upward trend without any significant pullbacks, indicating that a noticeable correction may be on the horizon. Finally, on the 1-day chart, a detailed analysis of the RSI signal line indicates that it has surpassed the 50% threshold and is currently at an impressive 82%. This high reading raises concerns about potential overbought conditions, which could trigger a market correction or pullback. $1.4 Retest Looms: What Traders Should Watch For Next As SUI approaches the critical $1.4 level, traders should be vigilant, as a breach below this point could indicate a potential move toward the $1.16 support level. If the price breaks below $1.16, it may signal a further decline toward the $0.8690 level and beyond. Related Reading: SUI Bulls Gear Up, Can They Push Through The $1.16 Ceiling? However, if SUI experiences a strong rebound at the $1.4 level, the price may start to rise again toward its all-time high of $2.18. A breakout above this level could indicate a continuation of the upward trend, possibly paving the way for a new all-time high. At the time of writing, SUI was trading at approximately $1.55, marking a 5.99% increase over the past 24 hours. The cryptocurrency’s market capitalization was around $4.1 billion, with trading volume exceeding $964 million, reflecting increases of 5.64% and 151.91%, respectively. Featured image from Shutterstock, chart from Tradingview.com

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Bitcoin price strength extends to AVAX, SUI, TAO and AAVE Are altcoins back?

Bitcoin's rally to $64,000 increased traders' interest in altcoins like AVAX, SUI, TAO and AAVE.

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SUI Continues Bullish Run, Surges 45% In The Past Week What Next?

The interest rate cut by the US Federal Reserve has been one of the biggest stories in the crypto space this week, with most large-cap assets making something of a recovery in the past few days. As a result, Sui (SUI) is one asset whose price performance has largely gone under the radar in the last seven days. SUI Price Overview As of this writing, the price of SUI stands at $1.50, reflecting a more than 7.5% increase in the past 24 hours. This impressive single-day performance highlights the bullish momentum that the token has been enjoying over the past few weeks. The Sui token ranks amongst some of the best performers in the top 100 largest cryptocurrencies by market capitalization in the last seven-day period. According to data from CoinGecko, the altcoin is up by nearly 45% in the past week. Related Reading: Grayscale XRP Trust Surges 11.44% One Week After Launch, Heres The Catalyst Interestingly, price action data shows that SUIs hot streak is even more impressive on broader timeframes. Having started September consolidating around the $0.8 region, the token didn’t breach the $1 mark until about two weeks into the month. However, SUI didn’t take as much time to cross the $1.5 level, another major price landmark. Much of this positive performance can be attributed to the recent attention and adoption of the Sui blockchain in recent weeks. On September 17, Sui network revealed in a post on the X platform a notable partnership with Circle. The stablecoin providing is expanding USDC issuance to the layer 1 blockchain. This development is expected to boost liquidity and attract more users to the Sui network. Is $1.80 The Next Stop? As of now, the SUI token seems to be hovering around the psychological $1.5 region which doubles as a major resistance zone. However, a convincing break above this level could mean a journey up to $1.80, where the next resistance level lies. In the case that the break above $1.5 is a fake out, the SUI token could fall to the next support level at $1.0125. It is worth noting that the relative strength index (RSI) indicator, which measures the momentum of a trend, is currently in the overbought region. Related Reading: Bullish Analyst Sees Cardano (ADA) Rising 13% As Key Indicator Signals Buy When the RSI value is above 70, it implies that the tokens price may be gearing for a correction or even a trend reversal. This observation suggests that investors might want to tread with caution, as the SUI token may just be overvalued at the moment. Nevertheless, the rising open interest has continued to fan the flames of bullish sentiment for SUI. According to data from Coinglass, the tokens open interest stands at around $383 million, reflecting an almost 9% increase in the past day. Featured image from Unsplash, chart from TradingView

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SUI Crashes 23% As September Unleashes Market PanicIs A Comeback Possible?

With the market at an extremely volatile position, SUI bears pushed their advantage forcing losses on the tokens holders. Despite strong developments on-chain, SUI still flashed red with over a whopping 23% losses since last week.  On-chain, SUI continues to solidify its position in the world of DeFi. However, with the markets sway on the token, its short-term performance might be clouded by the fear, uncertainty, and doubt present in the market.  Related Reading: Ripple Unleashes 1 Billion XRP: Could This Trigger A Price Tsunami? NFTs And Gaming Fuel Sui Development  DARKTIMES, an MMORPG game built on Sui, has announced that it will launch the games Alpha state will release later this year. The game has been in stealth development since 2021 according to the founder and CEO of DARKTIMES, Lucien Dormann, in an interview. Users will catch the playtest of the game at Korea Blockchain Week which will occur September 3-4 this week.  The battle draws nigh! 36 combatants will enter. Only one can win. Feast your eyes on the rich world of @playDARKTIMES Featuring seven medieval realms. Five deadly characters. And a trove of ownable assets. All powered by Sui, for fast-paced action that never https://t.co/28Hsjc8tza Sui (@SuiNetwork) August 30, 2024 This development came hand in hand with the recent announcement that SuiPlay OX1, the platforms handheld gaming console, will officially be open to pre-order in the next ten hours. No spec sheet has been released yet, but the console will be available in 2025.  In the realm of NFTs, the platform has been chosen by Artifi, an art investment company, which is to turn high-end art into another asset class thats accessible to the masses.  Ready / Sui // Play ”A gaming revolution” Pre-orders for the #SuiPlay0X1 coming very soon. pic.twitter.com/LLIhTumWa6 SuiPlay (@SuiPlayOfficial) August 29, 2024 The resurgence of NFTs on Sui came despite the asset class being under the scrutiny of the Securities and Exchange Commission (SEC) which alleged that NFTs are securities and is willing to bring the regulatory hammer down on Opensea. How will this affect the future of NFTs and NFT-based developments on Sui in the long term remains to be seen.  SUI To Return To Manageable Levels After Market Pressure Despite the overall bearishness plaguing the broader market, investors and traders should remain optimistic. SUI is currently trading right between the $0.71-$0.79 trading range which lies well on the 61.80% level of the Fibonacci retracement tool, marking the significance of the range when it comes to the long-term performance of the token.  Related Reading: TIA Down 23% In A Week, As Investors Eye New On-Chain Projects The tokens relative strength index (RSI) still signals that the bears overwhelm the market. However, SUIs return to this level remains a bullish signal as the 61.80% level will provide the bulls with a strong support level to aid future price movement.  SUIs strong correlation with major cryptocurrencies like Bitcoin and Ethereum will give the token the momentum it needs to recover in the medium term; that is if market sentiment flips to bullish within this timeframe. If the token stabilizes in its current trading range, SUI bulls should have the opportunity to retest and potentially break $0.96 in the long term.  Featured image from Chainwire, chart from TradingView

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