Sui Network, the layer-1 blockchain, has gained interest in the cryptocurrency space due to its excellent performance and speed. Since its launch in May 2023, Sui quickly positioned itself as a huge player in the blockchain platform sphere, especially in real-time applications such as gaming and DeFi.

TL;DR Grayscale Investments has launched the Grayscale Sui Trust, providing institutional-grade access to the SUI token without direct ownership. The trust, managing $12.88 million in assets, offers a simplified route for investors to participate in the SUI ecosystem, with shares tracking the SUI price minus fees and expenses.

Sui Network's native token, SUI, has become one of the standout performers in the cryptocurrency market, soaring by nearly 500% since September. This impressive rally has caught the attention of traders and investors alike, as SUI continues to show strength despite some market volatility.

Grayscale Investments has introduced the Sui Trust, managing $12.88 million in assets as of December 18, 2024, giving qualified investors institutional-grade exposure to SUI. Despite this milestone, SUIs price has fallen 12% to $4.13, while trading volume soared by nearly 109% to $3.1 billion.

Grayscale Investments has announced the launch of the Grayscale Sui Trust, providing qualified investors an opportunity to gain exposure to the SUI token in the form of a security. The trust, designed for institutional-grade access, offers a simplified route for investors to participate in the SUI ecosystem without directly holding the digital asset.

Thompson takes over for Greg Siourounis, who served as the Sui Foundation's managing director since its inception in 2023.

Meta veteran Christian Thompson is now the new Managing Director of the Sui Foundation.

The price of Dogfwifhat dropped by 16.5% in the past 24 hours and accumulates a 25% decline in the past 7 days as the tailwind provided by its recent listing on Coinbase appears to be fading.

Key Points:

The crypto market took a battering after Fed Chair Powell's speech at the FOMC meeting on Wednesday. However, Thursday has dawned brightly for the crypto market and a bounce is under way.

Sui price joined other altcoins in bouncing back after falling sharply following the hawkish Federal Reserve interest rate decision. It has been one of the best-performing cryptocurrencies this year, rising by 440%.

Sui Network's SUI token maintains its bullish market structure after a 500% rally since September, currently trading at $4.494 with strong technical indicators suggesting further upside potential toward $5.38.

Bitcoin (BTC) slumped below $100,000 after Federal Reserve Chairman Jerome Powell said the central bank is not allowed to own Bitcoin and is not looking for a law change.

Sui Network (SUI) has taken the cryptocurrency market by storm, delivering a stunning 500% rally in just under four months. The surge has caught the attention of traders and analysts alike, as the token continues to show strong bullish momentum.

At press time, the 23.6% Fibonacci extension level at $4.494 served as a short-term support.

Dogwifhat (WIF) price reached its highest levels since March 2024 earlier this month, reflecting an astonishing 1386% gain for the year. However, WIF has faced a correction, declining roughly 11% in the last 24 hours as bearish signals intensify.

Arkham Intelligence has partnered with Sui Network to integrate Sui blockchain data into its analytics platform. The collaboration will provide Sui (SUI) users access to Arkham's tools, including dashboards, entity and address pages, real-time alerts, and visual tracing features.

SatLayer, a Bitcoin restaking platform, announces strategic partnership with Sui blockchain to expand Bitcoin's utility in DeFi, aiming to merge Bitcoin's security features with Sui's rapid transaction processing capabilities.

SatLayer, a leading Bitcoin (BTC) restaking platform, and Sui, a prominent Layer 1 blockchain, have announced a strategic partnership to advance Bitcoin DeFi (BTCfi) by integrating Bitcoin's liquidity and security into the Sui ecosystem, as learned by Finbold on Wednesday, December 18.

Dogwifhat (WIF), the popular Solana-based meme coin, is poised for a price decline as its daily chart flashes a bearish signal. However, token holders appear to be dumping their holdings on exchanges, as reported by the on-chain analytics firm Coinglass.

Stablecoin issuer Circle has unveiled the Cross-Chain Transfer Protocol for the Sui Network and its users. The protocol is now live on the mainnet, allowing Sui Network developers, as well as their users, to transfer USDC across nine different blockchains, including Ethereum and Solana.

TL;DR SatLayer integrates with the Sui blockchain to expand Bitcoin's use in DeFi applications, allowing developers to secure dApps with Bitcoin's value and security. The collaboration strengthens the security of decentralized applications on Sui, a blockchain focused on fast transactions and scalability.

SatLayer's integration with Sui is aimed at providing developers with a new way of leveraging Bitcoin to secure decentralized applications.

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The memecoins have been quiet of late, as all eyes have been on Bitcoin ($BTC). Is it now time for the memes to bounce?

In a recent announcement, Binance revealed that it would be delisting several tokens from its platform's spot trading pairs on December 20, 2024. The tokens to be delisted include SUI, HMSTR, BNT, CYBER, and AEUR. Following the news, the prices of these tokens have already begun to drop by almost 10%.

Binance is set to delist underperforming trading pairs for Sui (SUI), Hamster Kombat (HMSTR), Bancor (BNT), Cyber (CYBER), and Anchored Coins (AEUR). These tokens have experienced notable price drops recently following the announcement, with SUI down 6%, HMSTR down 10%, and others also recording a dip between 5% to 10%.

Sui Network, aka Sui Bridge has succeeded in integrating Circle's Cross-Chain Transfer Protocol (CCTP), allowing users to securely move their USDC stablecoin across Sui and nine other blockchain networks. This will significantly improve the interoperability and usability of USDC across multiple platforms.

The third week of December 2024 started on a mixed note for many altcoins, with some registering notable hikes while others keep consolidating. As a result, none of the top trending altcoins today have seen their prices increase by a significant figure.

Sui Bridge integrates Circle's Cross-Chain Transfer Protocol (CCTP) enabling seamless USDC transfers between Sui and eight other blockchains, enhancing interoperability and efficiency.

SUI price is on the verge of making history, with the potential to reach a new all-time high as it trades just 2% below its previous peak. If bullish momentum continues, SUI could break the $4.92 resistance and hit $5 for the first time by the end of December 2024.

Bitcoin (BTC) surged to a record high above $106,000, driven by President-elect Donald Trump's plans for a strategic Bitcoin reserve and a surge in institutional demand.

As the year draws to a close, Ethereum rivals are gaining traction in the cryptocurrency market. Investors are focusing on altcoins with high growth potential, expecting substantial returns before January 2025.

The past week has seen significant movement across altcoins, with Chainlink (LINK) surging nearly 20% to reach its highest price since November 2021, driven by strong buying pressure.

SUI came close to $5.

The SUI Network's decentralized finance (De Fi) ecosystem has achieved a groundbreaking milestone, with its total value locked (TVL) surpassing $1.79 billion. This surge highlights the network's rapid adoption, particularly driven by the dominance of its lending platforms, Sui Lend and NAVI Lending.

SUI's DeFi ecosystem hits a $1.79B TVL milestone, driven by SuiLend and NAVI Lending.

Here is how some of your favorite assets concluded the week.

The second week of December saw mixed performances for meme coins, with most experiencing double-digit declines. This development, as stated in this meme coins weekly recap, aligns with the broader market condition that has seen most cryptos lose hold of the bullish momentum they recently had.

Sui has announced a strategic partnership with Ant Digital to tokenize RWAs with a focus on environmental, social, and governance (ESG) assets. The post Sui Blockchain and Ant Digital Partner to Tokenize ESG Assets appeared first on Cryptonews.

SUI momentum continues after recording a new all-time high (ATH) on Friday morning. The cryptocurrency surged 4.5% to near the $5 barrier for the second time this week, fueling investors' optimism about the token's future price action.

Sui's ecosystem showcases strong growth and metrics, solidifying its position in the DeFi landscape.

Sui announced today that it was partnering with Ant Digital Technologies and its subsidiary Zan to tokenize environmental, social, and government (ESG) RWAs.

The crypto market is busy with its usual ups and downs. SUI is powering through, hitting 431 million transactions in October and the SUI price prediction hints at a possible 75% rally. Polkadot, though facing a bearish trend, could see a significant upswing if it breaks past $4.15.

A branch of China's Ant Group and Sui will provide a Chinese solar material manufacturer with greater exposure with tokenized assets available onchain.

The lawsuit could reshape crypto exchange practices, highlighting potential antitrust issues and influencing future digital asset listings. The post BiT Global sues Coinbase over unfairly delisting wBTC while allowing PEPE, WIF to trade appeared first on Crypto Briefing.

The cryptocurrency market in 2024 has been a year of contrasts, marked by significant milestones and lingering economic uncertainty.

Technical analysis of Solana, Sui, and Ava highlighting key patterns, potential price targets, and risks at critical price levels.