The decline of Bitcoin exchanges and the "Hodl" strategy
The major layer 1 networks have all hit major support levels. If crypto is to recover, the likes of Ethereum (ETH), Solana (SOL) and Sui (SUI) will need to reverse their downtrends and rally, potentially into the backend of 2025.
Stablecoin adoption in Latin America is increasing as more users turn to Circle's USDC and Tether's USDT for financial stability, according to a new report from cryptocurrency exchange Bitso.The USDC (USDC) and USDt (USDT) stablecoins have become a “store of value” in Latin America, accounting for 39% of total purchases on Bitso in 2024, the firm said in its third edition of the Latin America Crypto Landscape report issued on March 12. The report highlighted a significant increase in stablecoin adoption on the platform, with total stablecoin purchases surging 9% from 2023.
Venly partners with Sui to simplify blockchain game development through wallet solutions, NFT and token APIs, and payment infrastructure, enhancing user experience and adoption.
USDC, the second-largest stablecoin by market cap, is now available to a limited user base on Japanese financial giant SBI's VC Trade platform in a beta release. SBI says it will provide users with “access to digital US dollars” and promote “development of the digital economy.
Blockaid has announced a partnership with the Sui Foundation to enhance the Sui ecosystem's security. According to the announcement, Blockaid will add protection to Sui wallets and respond to smart contract exploits, offchain threats and operational faults on Sui.The Sui Foundation supports the growth of Sui, a layer-1 blockchain launched in May 2023 with the goal of creating a decentralized network that can manage a high volume of transactions with minimal delay.
SUI recent price recovery has reignited bullish sentiment, but its momentum is now being put to the test. After bouncing from key support levels, the price is facing strong resistance that could determine the next major move.
Despite the market's terrible conditions over the last couple of weeks, Sui is still one of the industry darlings of this cycle. It seems like they can do no wrong and every partnership and growth announcement means real growth is happening.
Ahead of Wednesday's CPI data from the U.S. Bureau of Labor Statistics, the altcoin market – led by XRP, and Sui (SUI) – recorded mild gains.
Circle introduces a new protocol upgrade, the CCTP V2, reducing cross-chain settlement time to seconds.
The rise in Sui token's value from $2.85 reached new heights because Canary Capital filed an ETF with World Liberty Financial joined. Many people remain unsure about SUI reaching its $25 target price even though its demand has increased.
Circle has introduced an upgrade of its cross-chain transfer protocol, enabling the settlement of USDC transactions within seconds.
A regulatory framework for the cryptocurrency market
A fundamental recognition for the financial sector of Dubai
CCTP V2 enables nearly instant USDC transfers between blockchains with new feature, reducing blockchain transaction times from minutes to seconds.
The update reduces cross-chain 'transaction settlement time to seconds, compared to an average of 13 to 19 minutes.'
The Thailand Securities and Exchange Commission has approved USDT and USDC for trading on regulated exchanges.
Bitcoin and crypto are currently seeing a relief rally on Tuesday. Is this short-term, or could this be the start of something bigger?
The country's SEC has officially approved Tether's USDt and Circle's USDC for trading on regulated exchanges. This move is part of a broader effort to embrace digital assets while keeping a firm grip on regulation.
Thailand's Securities and Exchange Commission (SEC) has officially approved Tether's USDT and Circle's USDC stablecoins for trading on regulated exchanges.
Thailands Securities and Exchange Commission (SEC) has expanded its list of approved cryptocurrencies, adding the two largest stablecoins, Tether (USDT) and Circle (USDC), as trading pairs on regulated digital asset exchanges. The decision follows a public consultation in February, where most respondents supported the move.
Thailand's SEC announced top stablecoins USDT and USDC as official cryptocurrencies for various uses. Thailand citizens can start USDT and USDC trading and payments from March 16, 2025.
Thailand has added two dollar-backed stablecoins to its list of regulated cryptocurrencies as global stablecoin adoption gains steam.
On-chain data from Lookonchain revealed that USDT and USDC Stablecoins on Ethereum increased by $1.3 billion. The analytic firm also noted that USDT and USDC Stablecoins on Hyperliquid decreased by $77 million.
The Cayman Islands has attracted a number of large crypto companies and foundations, and these new regulations will impact their operations. The post Cayman Islands Introduces New Crypto Licensing, How Will This Affect HBAR, SUI and ARB? appeared first on Cryptonews.
The Thailand Securities and Exchange Commission (SEC) has approved Tether's USDt (USDT) and Circle's USDC (USDC) for cryptocurrency trades, allowing the stablecoins to be listed on regulated exchanges across the country.Thailand's SEC announced the approvals last week after soliciting feedback from the public on proposed regulatory changes that were finalized in February and scheduled to go into effect on March 16. As Cointelegraph previously reported, there have been growing calls within Thailand to legitimize cryptocurrency usage and urge stablecoin adoption to boost domestic revenue.
The Thai Securities and Exchange Commission (SEC) has approved the use of the largest two stablecoin assets, Tether (USDT) and Circle's USD Coin (USDC), in digital asset transactions.
Previously, only bitcoin (BTC), ethereum (ETH), XRP, stellar (XLM) and certain tokens used in the Bank of Thailand's settlement system were approved.
OORT's decentralized AI Layer1 blockchain, Olympus Protocol, has officially integrated Circle-issued stablecoin, USDC. By doing so, Olympus bridges DeAI with real-world utility.
The arrival of the first ETF on SUI could be imminent. This week, it seems that Canary has filed the form S-1 with the SEC.
USDC's dominance on Binance continues to rise, challenging Tether's market position amid shifting regulatory frameworks in the European Union.
SUI's new wallets surged by 150%, active addresses climbed by 110%, but the effect on the price is still fresh.
The layer-1 blockchain Sui (SUI) is defying the broader crypto market downturn after inking a new deal with a decentralized finance (DeFi) protocol linked to US President Donald Trump. The Solana (SOL) rival is witnessing price gains amid a new collaboration with World Liberty Financial (WLFI).
World Liberty Financial (WLFI), a DeFi group linked to US President Donald Trump, has added Sui (SUI) to its strategic reserves. The move is part of WLFI's strategy to develop a broad portfolio that supports blockchain-based financial solutions.
Critics question whether WLFI offers innovation or just another rebranded DeFi service.
The SUI Network token, native to the “Ethereum killer” Sui blockchain, experienced a notable price surge on Thursday following the announcement of a “strategic reserve deal” between the Trump-affiliated decentralized finance (DeFi) protocol, World Liberty Financial (WLFI), and the layer-1 blockchain.
The company announced that deposits and withdrawals of the popular stablecoin are now live on the Crypto.com App. This will give users another way to access fast and low-cost transactions.
Canary Capital filed for the first SUI ETF in Delaware. SUI price is witnessing considerable price surge, ready to break out of its resistance levels.
The Swiss L1 chain gets appraised by Donald Trump's platform, while Canary Capital files for the inaugural SUI crypto ETF.
Key Highlights XRP price has fallen by 1.23% on Friday after correcting nearly 24% this week. SUI price struggles below $3; can the WLFI partnership and SUI ETF speculation lead to a reversal? HBAR must breach the $0.255 resistance to break its downtrend. Can XRP hit $3 or Drop below $2.
Sui, a layer one (L1) blockchain project has announced a collaboration with World Liberty Financial (WLFI), a Donald Trump-inspired DeFi protocol. The partnership aims to explore blockchain applications and decentralized asset management, with WLFI integrating Sui-based assets into its Macro Strategy reserve.
Canary Capital, an asset management firm, has registered a statutory trust for a Sui (SUI) exchange-traded fund (ETF) in Delaware.
Such registration typically signals that a fund manager is preparing to file an S-1 registration with the U.S. SEC.
Layer-1 (L1) coin SUI has defied the broader market downturn, surging 4% in the past 24 hours to become the top-performing cryptocurrency.
Sui (SUI) has captured the attention of traders and investors alike, as the cryptocurrency's trading volume surges past $20 billion, signaling a potential shift in market dynamics. Over the past 24 hours, SUI has seen a significant price increase of 7.47%, trading at $2.67.
Asset manager Canary Capital has recently submitted its filing at the Delaware court for an SUI exchange-traded fund (ETF), suggesting that a spot ETF filing could be coming next. This has pushed the SUI price higher by 3% despite the broader market fall.
Sui price continues to trade below the $3 mark, struggling to gain momentum despite a recent partnership with Trump's World Liberty Financial. What's next?
SUI has been gathering attention from traders.