TLDR

• Bitcoin fell below $108,000 on July 7th following President Trump’s surprise tariff announcements targeting Japan, South Korea, and other nations
• The cryptocurrency acted as a risk asset, dropping alongside the S&P 500 rather than behaving like digital gold during market uncertainty
• Technical analysis shows Bitcoin in a Bollinger Bands squeeze with volatility at bull cycle lows, suggesting a major price move is coming
• Bitcoin has recovered to $108,899 at press time while holding above key support levels around $106,000-$107,000
• The tariff deadline was pushed to August 1st, but market uncertainty remains high as investors wait for direction

Bitcoin experienced a sharp decline on July 7th, dropping below $108,000 as global markets reacted to President Donald Trump’s unexpected tariff announcements. The cryptocurrency’s response highlighted its continued correlation with traditional risk assets during periods of uncertainty. Source: CoinGecko The selloff began when Trump announced 25% tariffs on imports from Japan and South Korea, two key U.S. allies. These duties were later expanded to include Malaysia, Kazakhstan, and South Africa, with tariffs ranging from 25% to 40%. The announcements sparked immediate concern about renewed trade tensions. Bitcoin fell sharply in response, mirroring the S&P 500’s steep decline on the same day. This synchronized movement across asset classes demonstrated Bitcoin’s tendency to act as a risk asset rather than a safe haven during market stress. The cryptocurrency’s behavior contrasted with its often-cited status as digital gold. Japanese automakers were among the hardest hit by the tariff news. Toyota and Honda shares tumbled as investors feared retaliatory trade measures. The U.S. dollar surged against the yen and won as traders sought safety in the greenback. Technical Analysis Points to Potential Breakout Despite the recent volatility, Bitcoin’s technical picture shows interesting developments. Analyst Axel Adler noted that Bitcoin is currently experiencing a Bollinger Bands squeeze, with the spread between upper and lower bands at just 7.7%. This marks one of the tightest ranges seen throughout the current bull cycle. Currently, we are observing a classic Bollinger Bands squeeze: the range between the upper and lower boundaries has fallen to 7.7% one of the lowest values throughout the entire bull cycle. The decrease in volatility indicates energy accumulation in the market the price is ready… pic.twitter.com/anv5GSzVlU — Axel 💎🙌 Adler Jr (@AxelAdlerJr) July 8, 2025 Historical data suggests these compressions often precede explosive moves in either direction. Of six major Bollinger Band squeezes this cycle, four resulted in immediate upside moves, while two triggered brief corrections before rallies resumed. Given Bitcoin’s position above support levels, the probability favors an upside breakout. The 12-hour chart shows Bitcoin trading at $108,892, struggling to break above the key resistance zone around $109,300. This level has acted as a rejection point multiple times since early June. However, Bitcoin remains above the 50 SMA at $106,442 and 100 SMA at $106,671, indicating bullish momentum persists. Source: TradingView Bulls have successfully defended the $106,000-$107,000 support range several times, preventing deeper corrections. Volume has declined in recent sessions, suggesting the market awaits a catalyst to break out of this tight range. Market Uncertainty Continues The White House’s decision to push the anticipated tariff deadline to August 1st did little to ease investor concerns. Press Secretary Karoline Leavitt stated that President Trump is “determined to bring reciprocal balance to trade, and the new timeline ensures our partners have every opportunity to reach fair agreements.” Treasury Secretary Scott Bessent attempted to calm markets, noting that President Trump is focused on “the quality of trade deals, not the quantity.” However, Trump’s unpredictability on trade policy, combined with fresh threats targeting BRICS-aligned nations, left investors uncertain. Bitcoin has since recovered to $108,899 at press time, showing resilience despite the initial selloff. The cryptocurrency continues to consolidate below its all-time high of $112,000, reached in late May. The recent U.S. Congress passage of Trump’s economic bill before the July 4 deadline adds another layer to the market outlook. The package includes tax cuts and public spending measures expected to fuel inflation in coming quarters. If Bitcoin closes decisively above $109,300 on strong volume, a run toward the $112,000 all-time high becomes increasingly likely. On the downside, a break below the 100 SMA could expose the cryptocurrency to the next major support around $103,600. At press time, Bitcoin was trading at $108,899, having recovered from the earlier tariff-induced selloff while technical indicators suggest a major move may be imminent. The post Bitcoin (BTC) Price: Trump’s Tariff Bombshell Triggers Market-Wide Selloff appeared first on CoinCentral.

An indictment was unsealed on Tuesday in the District of Puerto Rico, charging Michael Shannon Sims, 48, and Juan Carlos Reynoso, 57, for their alleged roles in operating and promoting Omegapro, an international investment scheme that defrauded investors of over $650 million, primarily via cryptocurrency. According to court documents, Sims, a founder and promoter of […]

President Donald Trump’s social media company announced on Tuesday plans to launch a new crypto exchange-traded fund (ETF) that will track the prices of five different cryptocurrencies.  The company filed paperwork with the US Securities and Exchange Commission (SEC) on Tuesday, aiming for approval to introduce the “Crypto Blue Chip ETF” later this year. New Crypto Blue Chip ETF The proposed crypto ETF is designed to allocate 70% of its holdings in Bitcoin (BTC), the leading cryptocurrency, with an additional 15% in Ethereum (ETH), the second-largest digital asset.  It will also include 8% in Solana (SOL), hold 5% in XRP, the cryptocurrency developed by Ripple Labs, and 2% in the digital asset created by Crypto.com (CRO), which is set to serve as the ETF’s digital custodian. This latest offering follows Trump Media’s earlier announcements about a simpler crypto ETF that only included Bitcoin and Ethereum. However, it remains unclear whether the company intends to proceed with that initial concept. Crypto ETFs have surged in popularity, providing investors a streamlined way to gain exposure to the crypto market without the need to purchase the assets directly. The increasing interest in these funds has been evident since the first Bitcoin ETFs began trading in US markets last year. Trump’s Crypto Strategy For The US Recent developments in regulatory guidance from the SEC could further facilitate the launch of such products. The agency has made moves towards creating a more favorable environment for crypto businesses, including dropping or pausing several enforcement actions against crypto companies since Trump took office.  Over the past month, the regulatory agency, under the leadership of pro-crypto SEC Chairman Paul Atkins, has moved forward to end legal disputes with key players, such as Binance, Coinbase, and Uniswap. Interestingly, Trump’s stance on Bitcoin has evolved significantly as well. Once a skeptic of cryptocurrencies, he has since embraced the industry, which has become a source of substantial campaign contributions and support.  While the Trump administration has actively supported crypto-friendly regulations, this has raised eyebrows among critics. Allegations of potential corruption have emerged from Democrats, alongside concerns from some within the crypto community about the implications of Trump’s family’s expanding crypto business ventures. At a recent news conference, Trump addressed these concerns, asserting that his family’s investments were entirely appropriate and highlighting his administration’s commitment to making the US the global leader in cryptocurrency. “If we didn’t have it, China would,” the President said.  At the time of writing, the official TRUMP memecoin is trading at $8.58. This represents a 17% drop over the past month and an 88% drop from its record high of $73, which was reached 24 hours after the token’s launch. Featured image from DALL-E, chart from TradingView.com

TLDR

• Gate.io removed a webpage showing a $600 million Pump.fun token sale scheduled for July 12, 2025
• The deleted page showed 150 billion PUMP tokens for sale at $0.004 each with a $4 billion valuation
• Gate.io support said there is no confirmed date for reopening after negotiations with the project
• Polymarket odds show 83% chance of token launch before July 31, 2025
• Pump.fun revenue has dropped 75% since January memecoin peak and faces new competition

Crypto exchange Gate.io quietly removed a webpage showing details of a planned token sale for memecoin platform Pump.fun. The page had shown 150 billion PUMP tokens for sale at $0.004 each on July 12, 2025. The deleted page indicated this would be Pump.fun’s first official public token sale through an Initial Exchange Offering (IEO). With 150 billion tokens out of a total supply of 1 trillion, the raise would have totaled around $600 million at a $4 billion valuation. Source: Gate.io Users on X first noticed the leaked webpage on Tuesday before it disappeared from both English and Chinese versions of the Gate.io website. The page now shows a 404 “page not found” error message. Gate . io just leaked pump fun public sale… their official website just created “Public Sale of $PUMP token” it says the event launches in 4 days 18 hours, and they’re aiming to raise $600m. interesting.https://t.co/MnQn2odlS4 pic.twitter.com/J00Jw7PanY — lyxe (@cryptolyxe) July 7, 2025 Gate.io support responded to user questions about the removal with a confusing statement. The exchange said it had removed the Pump.fun Pre-Market OTC following negotiations with the project. Support added there is no confirmed date for reopening the sale. The response referenced an October 2024 announcement where Gate.io said it would no longer support over-the-counter trading for Pump.fun. Neither Gate.io nor Pump.fun founder Alon Cohen provided immediate responses to requests for comment. Market Speculation and Controversy Despite the page removal, betting markets show strong odds for a token launch. Polymarket users place an 83% chance that Pump.fun will launch its token before July 31, 2025. Simon Dedic, partner at Moonrock Capital, claimed the deleted announcement was legitimate based on insider sources. He called the potential debut the “biggest and yet most controversial token generation event of all time.” However, many crypto traders expressed skepticism about the token launch. Some compared it to previous memecoin launches that drained liquidity from markets. Traders warned the event could function as an exit scam similar to the TRUMP memecoin debut. Crypto analyst Income Sharks advised users not to complain about losing money on the Pump.fun token launch. Another influencer, Ansem, compared the potential impact to a second major market disruption after the TRUMP memecoin event. Platform Performance and Competition Pump.fun achieved rapid success during the memecoin boom, handling over $68 billion in cumulative trading volume. The platform has generated $694 million in total revenue since launching in 2024 according to various data sources. However, the platform’s momentum has slowed considerably since its peak. Daily revenue has dropped from over $7 million to below $2 million in recent months. Trading volumes have plummeted around 75% since January’s memecoin frenzy. DefiLlama data shows an even steeper 80% decline in daily volume over the past six months. The platform has facilitated creation of more than 11 million new tokens with combined revenue of approximately 4.4 million Solana tokens. Pump.fun now faces increased competition from rival memecoin launchpads. Raydium’s LaunchLabs and LetsBONKFun have emerged as competitors for market share. LetsBONKFun recently surpassed Pump.fun in daily revenue for two consecutive days, generating $1 million through its viral USELESS memecoin. This development has shaken up the memecoin launchpad rankings and challenged Pump.fun’s market position. The post Gate.io Removes Pump.fun Token Sale Page Worth $600 Million appeared first on CoinCentral.

After years stuck in reverse, the Polkadot crypto price just slammed the gearshift. DOT ▲4.26% has broken free from a two-year falling wedge, a textbook reversal pattern for traders who still believe in the long-term potential of this coin. 99Bitcoins analysts observed DOT reclaiming key resistance zones at $3.40 and $3.45, now acting as support. Volume is also ticking up, now over $159 million in the last 24 hours, and the market is watching to see if the move has real staying power. “Could be the start of the uptrend we’ve waited way too long for,” said Crypto Winkle, a longtime DOT trader. PolkadotPriceMarket CapDOT$5.56B24h7d30d1yAll time Polkadot Crypto: Technical Signals Suggest More Upside Polkadot is lower than it was at the bottom of October 2023. Things were looking quite grim, but momentum is clearly rising. Trading volumes have surged, and DOT’s price structure has flipped bullish for the first time in months. 99Bitcoins analysts now point to $10 as a potential medium-term target, representing more than 150% upside from current levels. This isn’t pure speculation. The breakout aligns with broader market trends and precedes a major upgrade to Polkadot’s core infrastructure expected in 2025. Meet JAM: Polkadot’s 2025 Protocol Overhaul While most chains chase market pumps, Polkadot is digging in to become Web3’s foundation. It’s less about speculation, more about rewiring how data, value, and apps move across the internet. Thanks to its parachains and cross-chain links, Polkadot isn’t trying to replace Ethereum or Bitcoin—it’s trying to connect them. And in a space still defined by fragmentation, that might be the most important role of all. (X) The next leap for Polkadot is JAM, short for Joint Accumulate Machine, and is a radical redesign of its core blockchain. JAM transforms Polkadot into a RISC-V-based virtual machine capable of running any software, effectively turning the network into a decentralized supercomputer. Polkadot co-founder Gavin Wood has already demoed JAM by running vintage games on it. Once deployed at scale, JAM will allow developers to write complex apps with broader compatibility and power than ever before, making Polkadot a true operating system for Web3. Polkadot Crypto Eyes $10 As Fundamentals and Tech Align With the falling wedge now broken and momentum back on the rise, DOT is in a critical window.  For traders and builders alike, Polkadot’s breakout is worth watching. While DOT’s price action has been one of the worst over the last five years, this could finally be the start of something bigger. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways

• The next leap for Polkadot is JAM, short for Joint Accumulate Machine, and is a radical redesign of its core blockchain.
• While DOT’s price action has been one of the worst over the last five years, this could finally be the start of something bigger.

The post Polkadot Crypto Breaks Out of Two-Year Downtrend as Momentum Builds appeared first on 99Bitcoins.

TLDR

• GameSquare announced a $100 million Ethereum treasury strategy, causing its stock to surge 58% to $1.54 per share
• The company raised $8 million through a public offering of 8.4 million shares at $0.95 each to fund the strategy
• GameSquare partnered with Dialectic’s Medici platform to target 8-14% yields on Ethereum investments
• The strategy follows similar moves by SharpLink Gaming and Bit Digital as institutions embrace Ethereum treasury holdings
• GameSquare’s approach aims to outperform traditional ETH staking yields of 3-4%

GameSquare Holdings saw its stock price rocket 58% after announcing plans to build a $100 million Ethereum treasury. The Minneapolis-based digital media firm closed Tuesday at $1.54 per share, with another 7% gain in after-hours trading. Source: Google Finance The company priced a public offering of 8.4 million shares at $0.95 each on Tuesday. This move will raise approximately $8 million in gross proceeds before fees and expenses. GameSquare plans to use these funds to execute its Ethereum treasury strategy through a partnership with Dialectic. The crypto-native capital management firm will help GameSquare generate what it calls “real, on-chain yield.” CEO Justin Kenna said the strategy will deepen the company’s expertise in decentralized finance. He emphasized that the approach will pursue new revenue streams while strengthening the balance sheet. The company’s board approved up to $100 million in ETH investments over time. This represents a major commitment to cryptocurrency as a treasury asset. Dialectic Partnership Powers Yield Strategy GameSquare will leverage Dialectic’s proprietary Medici platform for its Ethereum operations. The platform uses machine learning and advanced risk controls to optimize returns. The strategy targets yields ranging from 8% to 14%. This approach aims to significantly outperform traditional ETH staking benchmarks. Current ETH staking typically offers yields between 3% and 4%. GameSquare’s partnership with Dialectic seeks to more than double these returns through automated optimization. The Medici platform employs sophisticated algorithms to manage risk while maximizing yield potential. This technology-driven approach reflects the growing sophistication of institutional crypto strategies. Institutional Race for Ethereum Treasury Holdings GameSquare joins a growing list of companies building Ethereum treasuries. SharpLink Gaming leads this trend, positioning itself as the MicroStrategy of ETH holdings. SharpLink Gaming has already accumulated 205,634 ETH in its treasury. The company recently made additional purchases worth $19.2 million. Bit Digital made an even more dramatic move by dumping its entire Bitcoin holdings. The Nasdaq-listed company pivoted fully to Ethereum staking as mining costs rose. These corporate moves coincide with growing institutional interest through Ethereum ETFs. BlackRock’s iShares Ethereum Trust now holds 1.826 million ETH. The institutional adoption reflects Ethereum’s appeal as a yield-generating asset. Unlike Bitcoin, Ethereum allows holders to earn staking rewards while maintaining their positions. Rising corporate participation is creating sustained demand for Ethereum. This institutional buying pressure helps establish price floors and supports long-term value appreciation. Source: Coingecko Ethereum currently trades around $2,500, forming what analysts call a crucial base. Investors are watching for a potential breakout toward $3,000 and beyond. The combination of ETF inflows and corporate treasury adoption creates multiple demand drivers. This diversified institutional interest suggests continued momentum for Ethereum adoption. GameSquare’s entry into the Ethereum treasury space validates the growing trend. The company’s 58% stock surge demonstrates investor approval for crypto treasury strategies. The board’s approval of up to $100 million in ETH investments shows long-term commitment. This substantial allocation signals confidence in Ethereum’s role as a treasury asset. The post GameSquare (GAME) Stock Rockets 58% on Ethereum Treasury Plan appeared first on CoinCentral.

Institutional money is pouring back into  U.S. spot Bitcoin ETFs at record rates. Bitcoin exchange-traded funds kicked off the week with a combined $217 million in net inflows, while Ether ETFs added another $62.11 million, continuing a strong start to July. BTC ▲0.19% volatility may be on summer break, but with this sort of volume, Q3 and Q4 are set to send many coins to all-time highs. Increasingly, investors are asking: Why wouldn’t the world adopt the Bitcoin standard instead of impotently complaining about the inflation of fiat currencies year after year? Here’s what’s next for the price of Bitcoin: BlackRock’s IBIT Bitcoin ETF Smashes Through 700,000 BTC According to Glassnode data, BlackRock’s iShares Bitcoin Trust (IBIT) now holds over 700,000 Bitcoin, equivalent to 3.52% of the total circulating supply, a milestone reached just 18 months after launch. With nearly $53 billion in net inflows, IBIT has become the fastest-growing ETF in financial history. According to financial analyst Jamie Elkaleh, Bitget Wallet, “If ETF inflows continue, we could be entering the early stages of a structural supply squeeze.” BlackRock holds 700k btc now, and is 62% of the way there to passing Satoshi as world's largest single holder of bitcoin (ETFs as gp already there). IBIT has gobbled up 40k btc a month (or 1.3k/day) on pace to hit 1.2m in May '26 (not bad for 2yr old infant) h/t @EdmondsonShaun pic.twitter.com/hwpHExznF7 — Eric Balchunas (@EricBalchunas) July 8, 2025 Ether funds are also gaining traction. BlackRock’s ETHA saw $53.21 million in new inflows, with Fidelity’s FETH adding $8.9 million. The fund reported zero outflows for the week, indicating growing investor confidence in Ethereum’s long-term prospects. Market Calm May Mask Coming Volatility Despite the bullish inflows, 99Bitcoins analysts warn that current price stability may not last. Bitcoin is trading within 2% of its all-time high, but volatility is near historic lows. According to QCP Capital, the market has priced in a “Goldilocks” scenario if we are to see delayed tariffs, rate cuts, and sustained fiscal spending. BitcoinPriceMarket CapBTC$2.16T24h7d30d1yAll time Total ETF trading volume for Tuesday exceeded $2.89 billion, with net assets across all crypto-linked products rising to $135.71 billion for Bitcoin and $10.71 billion for Ethereum. Bitcoin ETFs Aside, Trump’s Tariff Deadline Looms as Macro Wildcard Markets are watching closely as President Donald Trump’s August 1 tariff deadline approaches. So far, risk assets, including BTC, have brushed off the threat, assuming a delay or backpedal. As the “Taco” saying coined by the Financial Times goes: TRUMP
ALWAYS
CHICKENS
OUT However, should Trump follow through, it could reshape the second half of the year. For now, crypto ETFs are thriving on calm macro conditions and bullish momentum. But with volatility compressed and geopolitical risk brewing, investors should be prepared for sharp moves in either direction for the summer. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways

• Institutional money is pouring back into  U.S. spot Bitcoin ETFs at record rates.
• Markets are watching closely as President Donald Trump’s August 1 tariff deadline approaches. So far, risk assets, including BTC, have brushed off the threat.

The post US Spot Bitcoin ETFs See Strong Momentum with Over $800M Inflows in Three Days appeared first on 99Bitcoins.

TL;DR

• BitMEX keeps paying longs – not just on SOL, but across a basket of majors (AVAX, XRP, DOGE, etc.).
• Short-BitMEX / long-Hyperliquid delivered an annualised return of ~15.6% on SOL and ~15.7 % on AVAX in H1 2025 — before any leverage.
• Both legs are perpetuals, so running 2-3× leverage pushes headline yield toward 25-30 %+, while still delta-neutral.

Funding rate arbitrage is considered crypto’s equivalent of the classic cash-and-carry trade — sell the expensive funding leg and buy the cheap one to lock in a delta-neutral yield that accrues every few hours. A popular arbitrage strategy is cross-exchange arbitrage – where the funding rate discrepancy between different exchanges can be leveraged for profit. In this piece, we introduce a profitable funding rate arbitrage strategy using the SOL perp that leverages BitMEX’s structural long bias and Hyperliquid’s relative neutrality over the past 6 months. BitMEX vs. Hyperliquid BitMEX’s trader base skews directionally long and is willing to “pay up” for perpetual exposure. On the other hand, Hyperliquid’s traders tend to short more often, resulting in a near-zero funding rate on the platform.  Using the SOLUSDT and AVAXUSDT trading pairs, we analysed data from 1 January 2025 to 30 June 2025 to compare funding rates across BitMEX and Hyperliquid. The result showed a structural premium on BitMEX, as shown below.  Coin BitMEX Average Funding Rate Hyperliquid Average Funding (converted to 8hr) Funding Yield SOL 0.00871% 0.00030% 15.6% AVAX 0.00927% 0.00036% 15.7% SOL Perpetual Funding Rate Arbitrage  As indicated in Figure 1, BitMEX’s SOL perpetual funding rate remains consistently above its peers, while Hyperliquid’s hovers near zero, creating a reliable long-Hyperliquid/short-BitMEX trade opportunity. Figure 1: BitMEX’s funding rate consistently performs above other exchanges, Hyperliquid’s flat‑lines the most. Source: BitMEX The plotted graph highlights consistent higher levels of SOL perp funding rates on BitMEX that scarcely appear on other platforms. Figure 2 reinforces this point by showing a positively skewed distribution on BitMEX, whereas other exchanges’ funding rates cluster around zero.  This persistent gap in funding rates compounds well – the cumulative PnL curve rises almost linearly through the first half of 2025, illustrating how harvesting the differential can add up to mid-teens returns without heroic leverage or directional risk. Figure 2: BitMEX funding rate skews noticeably higher; other exchanges’ cluster around zero. Source: BitMEX Finally, Figure 3 confirms the intuition — by far, the dominant trade is short BitMEX versus long Hyperliquid, with far fewer opportunities flowing the other way or ones involving Binance and Bybit. Figure 3 Source: BitMEX The conclusion? Traders chasing steady basis yield can use BitMEX as the engine and Hyperliquid as the hedge – with SOL perp offering a textbook case of why this pair should be at the top of any funding-rate arbitrage playbook. How to Execute the Opportunity?

1. Short the SOLUSDT perp on BitMEX – Lock in the side that’s paying the juicy funding.
   
   
2. Mirror-hedge: longing the SOLUSD perp on Hyperliquid – Hyperliquid’s funding payment usually stays near flat, meaning your hedge will require little to no payment.
   
   
3. Track the live funding payment – BitMEX posts funding rates every 8 hours, while Hyperliquid does so every 1 hour. Make sure to stay ahead of funding rate changes on both platforms. 

Need a refresher on cross-exchange funding arbitrage? Learn more under the “Multi-Venue Basis” section on https://blog.bitmex.com/crypto-basis-trading-strategies/. What’s the Profit Potential? The exact profit isn’t possible to predict as funding rates swing with the market.  However, the above data from 2025 shows BitMEX’s funding rates averaged meaningfully above competing platforms while Hyperliquid hugged zero. If this relationship remains consistent, the recommended trade would allow you to skim funding every cycle with no delta risk.  Add moderate leverage (e.g. 2× on each side) and you’ll be able to compound your basis yield into >20% annualised returns. What Do I Need to Consider?

• Fees & slippage: Two perp contracts on two different exchanges means more work. Make sure the funding you earn is more than the friction you pay. 
• Execution lag: Make sure to hit both orderbooks together; wide markets during volatility can blow the hedge open.
• Margin requirements: Use USDT (or USDt collateral) for Hyperliquid, BTC, USDT for BitMEX. Make sure to keep buffers on both sides.
• Liquidation risk: Even while hedging, each leg carries its own liquidation price. High leverage boosts yield and headaches. Size accordingly.
• Rate inversion: If BitMEX’s funding rates cool or turns negative, staying long means you pay; unwind fast or flip the stack.

The post Harvest Funding Payments on Hyperliquid: An Exclusive BitMEX Trade appeared first on BitMEX Blog.

TLDR

• Sui (SUI) has broken above the key $2.85 resistance level and is currently trading around $2.92
• Technical analysts identify a bullish flag pattern with next target at $3.20 resistance zone
• The token maintains support above critical moving averages with whale accumulation increasing
• Sui’s ecosystem has expanded to over 100 dApps with $90 billion DEX volume milestone reached
• Institutional interest grows as Nasdaq submits documentation for potential spot SUI ETF

Sui (SUI) has broken through a crucial resistance level at $2.85, positioning the token for a potential move toward $3.20 as technical momentum builds. The Layer 1 blockchain token is currently trading around $2.92 with over $555 million in 24-hour trading volume. Source: CoinGecko The price action shows Sui has stabilized above key support levels after bouncing from the $2.29 support zone. This rebound helped the token maintain position above critical moving averages including the 5-period and 60-period MAs on the 4-hour chart. Technical indicators point to an imminent breakout according to crypto analysts. The formation of a bullish flag pattern combined with tight consolidation suggests upward momentum may continue. A clear break above the $3.00 resistance line would unlock the path for a sustained rally toward $3.20. Just some thoughts about $SUI 👇
Volatility Incoming? Price action is compressing around the $2.90 zone, with $SUI hovering just above its 5-period moving average on the 4H chart. This kind of low-volatility coil often precedes a strong directional move. With the 60 MA holding… pic.twitter.com/9SDtKsjyLC — Crypto Wolf (official) (@the_wolf_mind) July 7, 2025 Trading volumes remain strong despite some sideways movement near the $3.00 mark. The token’s ability to hold above $2.85 has renewed confidence among both short-term traders and long-term holders. Market sentiment appears mixed with some analysts warning of potential bull traps while others highlight the “silent buildup” suggesting a breakout is near. The 10 and 30-period moving averages have flattened out, indicating current market indecision. Recent price volatility saw SUI drop nearly 4% after a failed rally near $2.82 but quickly rebounded above $3. This recovery was partly driven by news of Nasdaq-listed Lion Group planning to add SUI to its treasury holdings. Ecosystem Growth Drives Confidence Sui’s ecosystem has expanded rapidly to over 100 dApps across DeFi, NFTs, and gaming sectors. Major DeFi projects including Scallop, Cetus, and Navi are active on the network, contributing to increased on-chain activity. The network recently achieved a $90 billion DEX volume milestone, highlighting its growing role in decentralized finance. Developer activity has shown strong growth with a reported 2x increase in active developers since mainnet launch. Total Value Locked (TVL) on the network has jumped 35%, indicating increased user adoption and capital inflows. This growth comes alongside whale accumulation patterns that suggest institutional interest in the token. Source: DefiLlama The network faced a security incident with the Cetus DEX exploit but validators and the community voted to return $162 million in frozen assets to affected users. This collaborative response enabled a full recovery and restart of the platform. Institutional Interest Builds Institutional attention continues to grow as Nasdaq has submitted documentation for a potential spot SUI ETF in the United States. This filing signals growing mainstream acceptance of the token among traditional financial institutions. Nasdaq just filed to list the 21Shares SUI ETF — a spot ETF backed by the SUI token. From $300M+ in global ETP inflows to a potential U.S. listing, institutional momentum for Sui is very real. Next stop: institutional adoption. pic.twitter.com/5AGtmXimHs — Sui (@SuiNetwork) June 10, 2025 Recent partnerships with cross-chain platforms like LayerZero, Wormhole, and Celer Network enhance Sui’s interoperability and DeFi capabilities. The launch of Threshold’s Bitcoin-backed tBTC on Sui unlocks $500 million in new liquidity for the network. Sui’s roadmap includes upgrades to Mysticeti v2 and the Move VM, aiming to further enhance scalability and smart contract functionality. These technical improvements support the network’s capacity for continued growth. Market analysts suggest SUI could reach $2.30–$3.10 in the near term based on current technical patterns. Key support levels are identified in the $2.88–$2.94 range with resistance at $3.00 and higher targets at $5 and $6 if momentum builds. The token’s recent performance coincides with positive trends across the cryptocurrency market from Bitcoin and Ethereum. As these leading assets gain strength, altcoins like Sui benefit from spillover interest and capital inflows. Current trading data shows Sui maintained its position above $2.85 at press time with active whale accumulation and rising on-chain activity metrics supporting the bullish outlook. The post SUI Soars Toward $3.20 as Institutional Demand Heats Up appeared first on CoinCentral.

Key takeaways

• Altcoins have performed excellently over the last 24 hours, with Ether, XRP, and Aave leading the way.
• Cronos’s CRO token is the best performer in the top 50, up 18% and eyeing the $0.1099 resistance level

Cronos rallies on Truth Social’s Crypto Blue-Chip ETF Altcoins have had a positive 24 hours, with Ether, Solana, XRP, and Cardano all adding 3% to their values. Aave and Cronos (CRO) are other coins that have performed excellently, backed by strong fundamentals. CRO, the native coin of the Cronos blockchain, is the best performer among the top 50 cryptocurrencies by market cap. The coin added 18% to its value in the last 24 hours to hit a high of $0.1000 before retracing to now trade at $0.0970.  The rally was fueled by reports that confirm that CRO will be part of the Crypto Blue-Chip ETF that Truth Social filed with the SEC. The fund was proposed by Truth Social in partnership with Trump Media & Technology Group. The ETF is set to bring together top cryptocurrencies into a single financial product to be listed on NYSE Arca. Its distribution was set at 70% for Bitcoin, 15% for Ethereum, 8% for Solana, 5% for Cronos, and 2% for XRP. This announcement sparked a rally for CRO.  CRO is the native coin of Cronos, the blockchain created by cryptocurrency exchange Crypto.com. CRO eyes the $0.1099 resistance level amid bullish indicators The CRO/USD 4-hour chart is bullish and efficient, indicating that traders have swept liquidity to the downside and are ready for another leg up. The technical indicators are bullish, suggesting that CRO could rally higher. The RSI of 77 shows that CRO is currently heading into the overbought region after adding 18% to its value in the last 24 hours. The red and blue MACD lines have also crossed into the positive zone, suggesting buying pressure. With the bulls still in control, CRO could rally to the next resistance level at $0.1099 over the coming hours or days. It has already established a weak support level at $0.0919 after gaining efficiency a few hours ago. If the rally continues, CRO could test the next major resistance level at $0.1202, its highest level since March.  However, if the bears regain control, CRO could lose its recent gains and test the $0.0793 support level. The TLQ at $0.0691 should provide strong support in case the bearish trend lingers on. The post Cronos (CRO) up 18% after inclusion in Truth Social’s Crypto Blue-Chip ETF appeared first on CoinJournal.