The price of the native token of the Layer-1 blockchain Sui (SUI) has soared by more than 23.8% in the last 24-hour period to now stand at $4.69, after hitting a new all-time high around $4.9 following an announcement on the integration of Backpack with the Sui network.

The product is part of Synthetix's ongoing effort to revamp after a governance overhaul in October.

SUI price hits a fresh all-time high with soaring open interest suggesting a strong rally for the altcoin with analysts predicting a breakout above $5 and a rally to $10.

TL;DR Sui (SUI) reached a new all-time high of $4.86 on December 12, 2024, following a 25% rally driven by the integration of the Backpack exchange and wallet. The integration boosted Sui's DEX volume to a record $466 million in a single day, enhancing user experience and liquidity on the platform.

SUI, the native token of the Layer-1 blockchain Sui, has been on a tear over the past 24 hours. Its price reached a new all-time high of $4.91 during Thursday's early Asian session amid an uptick in trading activity.

Sui, the native token of the Sui blockchain, has shown significant growth in recent months, claiming a new price peak during the latest broader market recovery. Notably, Sui (SUI) recently hit a new all-time high of $4.

Since the markets recovered after gaining some momentum in recent days, altcoins have gained significant traction. In the meantime, the SUI price attracted a huge buying volume as the trading volume surged by above $3.6 billion.

With Bitcoin reclaiming the $100,000 price as support, the crypto market seemed primed to continue its uptrend. As a result, many altcoins followed Bitcoin's lead, with some even noting new highs.

Discover the top projects in the Sui ecosystem for 2024, showcasing diverse DeFi and infrastructure innovations, driven by user engagement and community votes.

The crypto prices today showed bullish momentum, with Bitcoin trading above $100K. Major altcoins like Ethereum rose by 6%, while XRP and Solana gained 5% to 6%.

Ubisoft have chosen Dec. 18 as the launch date for the web3 shooter game Captain Laserhawk

SUI, the digital asset driving the Sui Network, reached a pivotal milestone, closing the week at $4.23. This marked a 35% increase within a week, highlighting renewed confidence in the blockchain's capabilities.

Arbitrum (ARB), one of Ethereum's leading Layer 2 scaling solutions, has reached a new milestone, recording an all-time high of $5 billion in total value locked (TVL). This achievement underscores a growing confidence in Arbitrum's long-term potential as a solution for Ethereum's scalability issues.

Discover the ultimate guide on how to use your SEI tokens to buy NFTs, stake for rewards, and explore DeFi opportunities. Learn the best platforms, strategies, and tips to maximize your crypto holdings.

The French gaming company developed the title in partnership with the Arbitrum Foundation.

Arbitrum Foundation and Ubisoft have announced that the web3 shooter game Captain Laserhawk: The G.A.M.E. will launch on Dec. 18.

Backpack, a leading exchange and wallet, integrates Sui's high-performance blockchain to enhance user experience, expanding opportunities for projects and users across multiple platforms.

Theta Labs head of strategy Wes Levitt says the decentralized cloud is more cost-effective and offers greater flexibility and reliability for AI solutions.

TL;DR Synthetix acquires TLX as part of its strategy to expand its product offerings and strengthen its DeFi ecosystem. Leveraged products in development: the protocol plans to relaunch TLX on the Base network after auditing and optimizing its infrastructure.

The crypto market recently experienced a sharp decline of almost 500 billion, while Bitcoin even shed about 8% of its value. However, the altcoin market saw almost a 10% to 20% dip. Amidst this turbulence, experts have accumulated 8 top altcoins with strong potential for gains in the next bullish cycle.

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The Sui Foundation launches a grant program to fund DeepBook, its native liquidity layer, fostering decentralized finance growth through targeted project support.

Decentralized finance (DeFi) protocol Synthetix has acquired the leveraged token platform TLX in a token-for-token deal. The post Synthetix Acquires TLX in Token-for-Token Deal appeared first on Cryptonews.

Bitcoin-backed stablecoin USDa currently ranks second among the largest CDP projects, trailing only behind MakerDAO's DAI. The stablecoin issued by Avalon Labs has a total value locked (TVL) of $729 million and a borrow-supply ratio of 48%.

SUI has recently experienced a 13% price drop, which followed a failed attempt to form a new all-time high (ATH).

Synthetix said it plans to re-launch all TLX products on Base network after adding parameter improvements.

Arbitrum (ARB) is gaining attention in the crypto market due to its strong rally potential, with analysts predicting a possible 125% to 200% price increase. This comes amidst key bullish catalysts, including Ethereum's (ETH) potential growth and Arbitrum's growing institutional interest.

The cryptocurrency market is experiencing renewed interest following a $1.7 billion liquidation event that significantly affected traders and market cap. Despite the setback, a recovery trend is emerging, with altcoins showing resilience and potential for growth.

Crypto exchange Bybit has announced the addition of Sui to its recently launched On-Chain Earn platform. On Dec.

Sui is re-thinking what blockchains can be. And this year, many of Wall Street's largest institutions are taking note.

TL;DR Bluefin will launch its native token, BLUE, on December 11, 2024, allocating 17.15% of the total supply to an airdrop for various strategic communities. Beneficiaries include projects from the Sui ecosystem, NFT communities, and collaborators on chains like Solana and EVM networks.

SUI token achieved its highest weekly close at $4.23, marking a 35% gain over seven days, driven by increased trading volume, developer activity, and institutional interest.

The crypto markets endured a difficult start to the week as Bitcoin (BTC) briefly retreated to $94,000. The markets witnessed an absolute bloodbath, with $1.5 billion in crypto derivatives positions liquidated thanks to BTC's drop.

With a record $5 billion TVL, ARB's breakout above resistance could drive significant upward movement.

Here's how ETH could accelerate ARB's 3x potential gains.

SUI closes the week at its highest-ever price since launch, driven by strong market confidence, rising demand, and a bullish network.

Crypto airdrops farmers have ten valuable opportunities to receive free cryptocurrency tokens from projects backed by renowned investors.

Cross-chain DeFi protocol Radiant Capital saw its TVL drop drastically after two exploits in 2024.

Key Points:

The firm believes when a developer was contacted by a “trusted former contractor” in early September, it was really a DPRK actor in disguise.

Blockchain projects thrive on innovation. The more developers push boundaries, the brighter a project's future becomes. This December, Santiment ranked the top ERC-20 tokens by development activity. From DeFi giants to Web3 pioneers, these tokens reflect where the blockchain world is headed. Let's take a closer look at who's making the most noise.

Arbitrum price has gained by more than 80% in the past 30 days, becoming one of the altcoins to record notable gains as Bitcoin (BTC) smashed the $100,000 barrier. The ARB price reached a high of $1.23 on December 6, the highest level for the cryptocurrency since May.

Hackers gained access to a developer's computer by posing as a former contractor.

A new postmortem report from Radiant Capital claims a North Korean state-backed hacker was behind the $50 million exploit of the protocol.

The altcoin industry has signaled a major bull rally in the near term after consolidating in the past eight months.

Radiant Capital has revealed that the hack that drained $50 million from its DeFi platform was orchestrated by a hacker tied to North Korea. The post Radiant Capital Discloses $50M DeFi Hack Linked to North Korea-Aligned Hacker appeared first on Cryptonews.

A North Korean threat actor was behind the $50 million attack on Radiant Capital in October and spoofed being an ex-contractor, the DeFi platform said.

Arbitrum (ARB) has seen notable chain growth over the last 24 hours, surpassing competitors like Solana and Sui Network in terms of Chain Netflow. However, despite this positive activity on the network, the token's price remains stagnant, leaving traders questioning whether ARB can sustain upward momentum.