News with the tag "sui"

Nasdaq-listed Mill City Ventures raised $450 million to pivot into cryptocurrency by building the first public Sui token treasury, with 98% of the funds allocated to acquiring SUI tokens.

Ethereum investment products saw significant inflows last week, contributing to a broader altcoin market rally, while Bitcoin experienced outflows, suggesting a potential shift towards altcoin season.

Mill City Ventures' $441 million purchase of SUI tokens signals a strategic shift towards cryptocurrency investments and potential integration into treasury management and lending operations.

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The crypto market shows signs of activity with Ethereum, SUI, and Cardano displaying potential for breakout movements, though each faces key resistance levels that could dictate short-term price action.

Ethereum has surpassed Bitcoin in 24-hour trading volume, indicating increased market confidence in altcoins like SUI, INJ, ARB, PEPE, and STRK, driven by factors such as DeFi activity, meme trends, and scalability solutions.

As of July 2024, Solana leads in active addresses with 28.18 million, Ethereum shows the highest growth at 8.7%, and BNB Chain dominates DEX trading volume with $3.93 billion in 24 hours.

Ethereum's 147% rally since April has sparked strong retail FOMO, while Bitcoin and XRP show calmer investor sentiment, presenting potential buy opportunities.

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SUI is approaching a major resistance level at $4.80 after breaking out of a bullish flag pattern on the daily chart, with increased trading volume and positive technical indicators supporting further upward momentum.