Sui’s 10% Rally on Coinbase Signals Institutional Accumulation Amid Bullish Breakout
Sui (SUI), the native token of the sui network, experienced a significant surge of nearly 10% in the past 24 hours, climbing from $2.94 to $3.24. This bullish breakout was driven by strong institutional accumulation, as evidenced by volume surges at key levels of $2.99 and $3.10. The token's trading range reflected an 11.5% volatility, with resistance emerging at $3.27. This rally highlights growing confidence in Sui's market potential and its positioning for further gains.
Sui Rallies Nearly 10% in Bullish Breakout
Sui (SUI), the native token of the SUI network, surged nearly 10% in the past 24 hours, propelled by a series of catalysts that pushed the token into breakout territory. The token climbed to $3.24 from $2.94, with a trading range reflecting 11.5% volatility. Volume surges at $2.99 and $3.10 signaled strong institutional accumulation, validating these levels as foundational for further gains.
Resistance emerged at $3.27, where price reversed amid heavy trading, while support consolidated between $3.20 and $3.21 late in the session. This suggests accumulation positioning for continued upside. The rally follows Threshold Network's launch of tBTC, an ERC-20 token backed 1:1 by Bitcoin, on the Sui blockchain—a move that could inject over $500 million in Bitcoin liquidity into the network.
Sui now ranks among the top five layer-1 networks, with daily volume up 135% compared to the market's 52% average. The token has soared 340% over the past year, dramatically outpacing the CoinDesk 20 Index's 2.8% gain.
Remix Secures $5M Seed Funding to Build 'TikTok for Games' Platform
Remix, formerly known as Farcade, has raised $5 million in a seed funding round led by Archetype, bringing its total funding to $6.75 million. The round saw participation from Variant, Coinbase Ventures, Lemniscap, and Zynga co-founder Justin Waldron.
The platform, which combines a vibe-coding gaming tool with a consumer-facing game hub, has already attracted over 570,000 players across 800 live games, amassing 17 million plays. Initially conceived as a Mario Party-style experience, Remix pivoted after its AI-powered development tools demonstrated unexpected potential.
'The AI basically wrote all of the code,' said co-founder Charlie, describing the team's epiphany about the future of gaming. The vision evolved into creating a social network for games—a TikTok-like feed where users scroll through playable games instead of videos.
Bitcoin Hits Another All-Time High Price After Trump Renews Rate Cut Push
Bitcoin surged to a new all-time high of $112,599 on Thursday, marking its second consecutive record-breaking day. The rally followed renewed calls from former President Donald Trump for the Federal Reserve to cut interest rates, citing strong performance in both crypto and traditional markets.
Trump's post on Truth Social emphasized the record highs across tech stocks, industrial stocks, and the NASDAQ, while demanding rapid rate cuts to reflect economic strength. "FED SHOULD RAPIDLY LOWER RATE TO REFLECT THIS STRENGTH. USA SHOULD BE AT THE 'TOP OF THE LIST.' NO INFLATION!!!" he wrote.
The cryptocurrency had previously faced volatility in early April, mirroring broader market turbulence. However, Bitcoin's latest surge demonstrates its growing resilience and institutional appeal amid macroeconomic uncertainty.
Bitcoin Shorts Liquidated as BTC Surges Past $116K for First Time
Bitcoin shattered records as it breached the $116,000 mark, climbing 4.8% in 24 hours after weeks of consolidation below its previous all-time high. The rally triggered a cascade of liquidations, with over $560 million in crypto positions wiped out within an hour—primarily bearish bets against BTC.
CoinGlass data reveals $425 million in bitcoin short liquidations dominated the carnage. Total crypto liquidations hit $912 million over 24 hours, with BTC shorts accounting for nearly 60% of the damage. Market dynamics suggest capitulation among skeptics as the digital asset enters uncharted territory.
