Latest news with #SUI
Yahoo
6 days ago
- Business
- Yahoo
SUI Rebounds From Key Support as Nasdaq-Listed Lion Group Eyes Treasury Purchase
Sui (SUI) SUI is trading at $2.6481, down 2.03% in the past 24 hours, after rebounding from the $2.58–$2.60 support range during the June 26–27 session, according to CoinDesk Research's technical analysis model. The bounce followed a steep intraday decline from $2.70 to $2.58 but was supported by renewed volume and improved sentiment tied to institutional interest. A key development came via Lion Group Holding Ltd. (LGHL), which on June 26 announced its intention to acquire SUI tokens as part of a broader $600 million crypto treasury strategy. In a press release, the Singapore-based Nasdaq-listed firm confirmed a $2 million acquisition of HYPE tokens at an average price of $37.30, marking the first strategic purchase under this program. The company also said it intends to use future proceeds from its convertible debenture facility to purchase SOLand SUI. CEO Wilson Wang described HYPE as a "foundational execution-first asset" and said LGHL views it as core infrastructure for the future of capital markets. The firm plans to use at least 75% of the net proceeds from each closing of its convertible facility for token acquisitions, including SUI, and the rest for broader crypto operations and working capital. Lion Group operates a multi-asset trading platform offering services such as total return swaps (TRS), contracts-for-difference (CFDs), OTC stock options, and brokerage for securities and futures. The firm emphasized its growing commitment to layer-1 blockchain ecosystems and said it will continue updating the market on further treasury reserve developments. This announcement follows heightened activity in the SUI ecosystem, including strong buying at the $2.60 level and a late-session V-shaped recovery on elevated volume, which helped push the token toward its current price. Analysts remain cautious, noting resistance around $2.66, but short-term sentiment appears to have improved. Technical Analysis Highlights SUI traded within a 24-hour range of $2.58 to $2.70, showing a 4.5% decline from peak to trough. A temporary bottom formed at $2.58 during the 21:00 UTC session on June 26, followed by accumulation signs. Multiple rejection wicks emerged near $2.66, confirming short-term resistance during the 09:00–11:00 UTC window on June 27. A minor bullish reversal pattern appeared from 07:51 to 08:24 UTC on June 27, with a 0.9% recovery from $2.61 to $2.63. A sequence of higher lows developed from 01:00 to 08:00 UTC on June 27, signaling gradual shift in momentum. Volume spiked 18% above the 24-hour average during the recovery phase starting 08:00 UTC on June 27, reinforcing support at $2.60. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Business Insider
6 days ago
- Business
- Business Insider
DWF Ventures Report Reveals $76B Crypto Treasury Investment by Public Companies
Leading web3 venture capital firm DWF Ventures has published a research report revealing the growth in crypto treasury investment by public companies. It has identified 14 companies that have rolled out a crypto investment strategy, and who collectively now hold digital assets worth $76B. In the past year, DWF Ventures has noted investments of more than $40B made by public companies. It pinpoints a total of 14 such companies that now have significant crypto treasuries. Aside from the Michael Saylor-led Strategy with its $67B investment, DWF Ventures cites public companies such as Trump Media, GameStop, Metaplanet, Tesla, and Semler Scientific. The report examines the different ways in which publicly listed companies can raise capital and deploy crypto treasuries. Examples include Private Investment in Public Equity (PIPE); At-The-Market (ATM) Equity Sales; Credit Facility; Reverse Merger; and Company Treasury. It notes the popularity of PIPE and convertible notes as used by the likes of Trump Media, Interactive Strength, and GameStop. DWF Ventures also explores the crypto assets that public companies have elected to acquire. Bitcoin predictably dominates, but it highlights examples of companies that have established altcoin treasuries. These include Nano Labs (BNB) as well as companies investing in ETH, SOL, SUI, and TRX. One of the more interesting deals that was examined as a case study is Tron's reverse merger. This will effectively see Tron go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment Inc. (SRM). SRM Entertainment has also entered into a $100 million equity agreement to fund its Tron treasury. The report concludes: 'Building on our recent investment in Interactive Strength (TRNR) for the FET treasury, DWF Labs is actively exploring further opportunities within the US equity market. The company is keen to engage in similar structured deals moving forward.' The DWF Ventures crypto treasury report can be read in full here. DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges. Contact Lynn Chia
Time of India
6 days ago
- Business
- Time of India
Best meme coins to buy now: 4 undervalued gems that will shock investors in 2025
In a year where the market is gradually shifting back toward bullish sentiment, investors are scouting for the next wave of high-performing tokens. While traditional altcoins like Ethereum and Bitcoin continue to lead headlines, many traders are looking deeper into undervalued gems that could deliver jaw-dropping gains in 2025. Among them, meme coins are making a fierce comeback. But not just any meme coins. The projects that are catching the sharpest attention are those that combine virality with real infrastructure. One such name that's rewriting the meme playbook is Little Pepe (LILPEPE). Alongside it, three other standout tokens—SUI, SEI, and Ripple's XRP—are also shaping up to be stealth picks for the next bull cycle. Little Pepe (LILPEPE): The Meme Coin With a Chain While meme coins have typically thrived on hype and community, LILPEPE is pushing far beyond that. This new contender launched its presale in June 2025 and quickly sold out its first two stages in under 72 hours. Now in its third stage and priced at $0.0012, the token has raised over $1.8 million, signaling intense market interest. But it's not just price action driving the buzz—it's the project's roadmap. LILPEPE plans to launch its own Layer 2 blockchain, designed specifically for meme coin projects. This chain will offer the fastest and most affordable transactions in the market, featuring built-in sniper bot protection, a meme-focused Launchpad, and 0% tax mechanics. These aren't gimmicks—they're tailored solutions for a meme economy that's long been criticized for lacking utility. Add in the $777,000 giveaway—where 10 winners each receive $77,000 worth of LILPEPE—and it's clear this project understands how to command attention. Exchange listings on two major centralized platforms have been confirmed, with plans underway to debut on the world's largest crypto exchange. At under a penny, LILPEPE is not only undervalued—it's unfinished business waiting to explode. CLICK HERE TO BUY LILPEPE SUI: The Layer 1 Rocket Ready for Liftoff Sui (SUI), trading at $2.55 with a $8.7 billion market capitalization, is a Layer 1 blockchain that rivals Solana, offering high-throughput and low-latency technology for DeFi and NFTs. It's 30% monthly gain, and partnerships signal strong momentum. Analysts forecast a 900% rise to $30 by September, driven by institutional adoption and the growth of Web3. A $1,500 investment could be worth $15000. SUI's scalable architecture and recent $1.1 million inflows suggest it's poised to outshine competitors, making it a top summer pick for savvy investors. Sei (SEI): The Fastest Blockchain with Explosive Potential Sei (SEI), trading at $0.17 with a market capitalization of $986.9 million, is a Layer 1 blockchain optimized for trading and financial transactions. Its 17% recovery from a recent dip, along with a bullish RSI signal, suggests a breakout. Experts predict a 1,664% surge to $3 by September, driven by the adoption of decentralized finance and trading platforms. SEI's speed and developer activity make it a favorite among investors seeking high-upside altcoins this summer. Ripple (XRP): The Institutional Darling Aiming High Ripple (XRP), at $2.17 with a $127.8 billion market cap, is a leader in cross-border payments, boasting a 20% year-to-date gain. Regulatory clarity, stemming from a 2025 SEC lawsuit resolution and partnerships with over 300 banks, drives its momentum. Analysts project a 360% rise to $10 by September, with the potential to hit $25. XRP's low fees and utilities make it an excellent pick for summer portfolios. Conclusion People may have thought that meme coin fever was just a fad, but by 2025, it will have become a much more strategic investment. Little Pepe is demonstrating that a project can be funny and helpful while featuring smart infrastructure. At the same time, SUI, SEI, and XRP show that just because something is undervalued doesn't mean no one sees it. These four tokens are the kinds of asymmetric bets that might make the next generation of crypto millionaires in a market that rewards people who take risks and have big ideas. Smart investors are already preparing for the bull market despite prices being low. The time is running out. For more information about Little Pepe (LILPEPE) visit the links below: Website: Whitepaper: Telegram: Twitter/X:
Business Insider
24-06-2025
- Business
- Business Insider
NAVI Protocol Partners with OKX to Launch xBTC Lending and Borrowing on Sui
New York, United States, June 24th, 2025, Chainwire NAVI Protocol, a leading DeFi platform on the Sui network, has entered an exclusive two-month partnership with OKX, one of the leading centralized exchanges in the industry, in collaboration with the Sui Foundation, to introduce xBTC lending and borrowing. This strategic alliance enhances the utility of xBTC, bringing innovative financial opportunities to users and reinforcing Sui's position as a hub for Bitcoin-based DeFi (BTCFi). The collaboration enables xBTC liquidity providers on NAVI to access borrow incentives for Sui and USDC, alongside liquidity provision rewards. These incentives are designed to boost xBTC asset composability, allowing users to maximize the utility of their BTC holdings through sponsored borrowing opportunities. This initiative drives higher utilization of xBTC on the Sui network, fostering deeper liquidity and enhanced user engagement. As part of the campaign, OKX will distribute SUI rewards through its OKX Earn program, while NAVI will allocate $500,000 in NAVX rewards to participants throughout the initiative. In addition, OKX is providing another $200,000 in SUI incentives for users who supply xBTC via OKX Earn and borrow assets on NAVI. These rewards aim to incentivize user participation and strengthen the ecosystem's growth. Campaign Timeline: June 24, 2025: Incentivized borrowing pools for xBTC open on NAVI Protocol. June 27, 2025: Incentivized borrows for USDC liquidity providers kick in. July 7, 2025: Incentivized borrows for SUI liquidity providers kick in. 'This partnership marks a significant milestone in establishing BTCFi as a cornerstone of the Sui network,' said NAVI co-founder Elliscope Fang. 'By collaborating with OKX and the Sui Foundation, we're empowering users with seamless access to xBTC lending and borrowing, unlocking new possibilities for liquidity and financial innovation.' This joint effort underscores NAVI's commitment to enhancing DeFi accessibility and positions Sui as a leading network for BTCFi. Users can participate in the campaign through NAVI's platform and OKX Earn, tapping into deep liquidity pools and exclusive rewards. About OKX OKX is an innovative cryptocurrency exchange with advanced financial services. As the second-largest platform by daily trading volume, it serves over 50 million users in 100+ countries, offering trading in 350+ cryptocurrencies and 500+ trading pairs. OKX provides spot, margin, futures, and options trading, alongside Web3 services like a self-custody wallet, NFT marketplace, and DeFi integration. About NAVI Protocol NAVI is the inaugural liquidity protocol native to the Sui network. It seeks to establish the cornerstone for chains based on the Move system and aspires to be the premier liquidity protocol in the Sui DeFi ecosystem. It has earned the trust of millions of users as the main lending, borrowing, and liquid-staking protocol built on Sui. NAVI delivers a secure, one-stop liquidity solution through time-tested innovations such as Automatic Leveraged Vaults, Asset Isolation Mode, and Flash Loans. Also building Astros and VOLO, the aggregator, Perp Dex and LST on Sui. Contact
Yahoo
19-06-2025
- Business
- Yahoo
SUI Reverses After Wild Swings; Trading Volume Spikes 11% Above 30-Day Average
SUI SUI experienced a turbulent 24-hour trading window marked by sharp intraday swings and heavier-than-usual trading activity. After initially plunging to $2.71, the token mounted a brief rally toward $2.92 before encountering strong resistance near $2.82, according to CoinDesk Research's technical analysis model. That zone capped the recovery, triggering a swift reversal that dragged prices back toward the $2.78–$2.79 area. What made the move more notable was the accompanying surge in 24-hour trading volume, which spiked 11% above the 30-day average. That level of participation amplified the volatility, with fast-moving price swings exposing both bulls and bears to whiplash moves. The rejection from $2.82 and failed attempts to retake that level set the stage for more cautious trading in the near term, the model showed. Support around the $2.72–$2.75 region proved durable, with price bouncing off that range multiple times. As volume cools and consolidation tightens, SUI may enter a waiting period as traders reassess short-term direction following the failed breakout and unusually active session. Technical Analysis Highlights SUI traded in a 7.3% range between $2.919 and $2.710 during the 24-hour window. Heavy selling struck at 08:00 as the price dropped 9.1% from $2.878 to $2.765. A bounce attempt around 18:00 sent SUI up 1.5% to $2.824 on volume of 1.4M. The rally was immediately reversed, with the price falling to $2.784 and confirming resistance near $2.82. Support held near $2.72–$2.75 despite multiple tests and consolidation throughout the session. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
