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Huione crypto laundering network thrives despite supposed shutdown and regulatory sanctions: Chainanalysis
Crypto laundering network Huione continues to operate at scale, with its transaction volumes increasing even after FinCEN had designated it a primary money laundering concern. Despite reports of its shutdown and removal of its website and Telegram channels, the Chinese-language crypto laundering platform Huione continues to operate at scale. According to Chaianalysis data , Huione’s transaction volumes have increased even after the May 1 announcement by FinCEN designating it as a primary money laundering concern under the USA PATRIOT Act. Source: Chainalysis This marks FinCEN’s second use of Sections 311 and 9714 against crypto-related illicit finance, after targeting the Bitzlato exchange. Section 311 allows regulators to isolate bad actors quickly without court approval. Although the rule is not yet final, U.S. banks typically cut ties immediately upon announcement to avoid regulatory risk. This likely cut Huione’s access to U.S. dollars from that day, but transaction data shows little to no disruption to its operations. As reported by Chainalysis, Huione resurfaced under a new domain, Huione.me, retaining its old branding and active social media presence, including Telegram channels where user engagement remains strong. The platform continues to list its linked token XOC and stablecoin USDH for trading. You might also like: Banned illicit crypto marketplaces Huione and Xinbi Quietly resurface on Telegram After Huione’s supposed shutdown, none of the other guarantee services could match its scale or transaction volume. While a few platforms, such as Tudou Danbao, saw temporary spikes in activity, these increases are marginal compared to Huione’s continued operations. This suggests that users have largely stayed within Huione’s laundering network rather than migrating elsewhere. Source: Chainalysis According to Chainalysis, Huione’s persistence highlights the limits of fragmented enforcement. Disrupting networks like this demands coordinated, cross-border action and real-time intelligence sharing. Blockchain analytics will be key to closing the gaps traditional methods can’t reach. You might also like: Huione, company behind largest illicit online marketplace, launches stablecoin: report

crypto.news 2025-06-13 15:47
French legislators present bill to curb kidnaps targeting crypto millionaires
A new bill meant to improve the personal security of French crypto entrepreneurs, targeted in a string of recent kidnapping attacks, has been drafted and filed in Paris. The legislative initiative coincides with ongoing arrests of suspects in multiple cases that are still under investigation, while authorities are working hard to end the wave of violence that shook France and its crypto space this year. French officials scramble to deal with daring kidnappings The series of kidnapping attempts on crypto figures and their close ones over the past few months, including a Ledger co-founder and his partner, has spurred the French society to elaborate measures to ensure their lives and security are sufficiently protected in the face of the still-present threat. Reacting to the criminal phenomenon, officials are now taking concrete steps to strengthen the confidentiality of the personal details of these executives and their families, while trying to maintain balance between security and transparency, the French crypto news outlet Journal du Coin noted. One of the proposals pitched in the public space in response to calls from corporate circles has been gaining support among politicians in Paris. The idea is to remove the addresses of owners and managers of crypto firms from official trade registers. According to the French financial daily Les Echos, the kidnappers may have used the files to identify the places of residence of their victims. On June 11, French Justice Minister Gérald Darmanin announced a new decree to swiftly implement the demanded change. Translated post of French Justice Minister Gérald Darmanin urging the removal of the addresses of owners and managers of crypto firms from official trade registers. Source: Gérald Darmanin (X/Twitter) New law to preserve the privacy of crypto businessmen Also on Thursday, French lawmaker Paul Midy from the center-right Renaissance party submitted a bill designed to protect the privacy of business leaders by deleting their personal addresses from the publicly available company records. Unlike previous proposals in the same direction, which envisaged removal of the sensitive information upon request and on a voluntary basis, this piece of legislation suggests automating the process, La Tribune explained in an article . Following consultations with industry members, Midy wants to restrict access to the data that is currently freely accessible on online platforms aggregating information from official registers, the business weekly detailed. The provisions concern all business officials in general, but especially those whose personal residence also serves as their corporate address, as is often the case with startups and their owners, particularly those active in the crypto market. The law will oblige the operators of official databases, like Inpi, Infogreffe, and Insee, to share with private platforms, such as Société.com, Pappers, and SociétéInfo, only documents in which personal addresses have been redacted. French authorities are yet to explain the sudden spike in crypto kidnappings, including that of David Balland, co-founder of the crypto wallet firm Ledger, and the attempted abduction of the daughter and grandson of crypto exchange Paymium’s CEO. Eric Larchevêque, business partner of Balland, who had a finger cut off while in captivity, took to X to urge the government to “stop the Mexicanisation of France,” criticizing what he described as the “laxity” of French law enforcement. Halte à la mexicanisation de la France. Depuis plusieurs mois, les affaires sordides d’enlèvements et de tentatives d’enlèvement se multiplient. En plein jour. En plein Paris. Sous les yeux de tous. Ce matin encore, une mère de famille de 34 ans, accompagnée de son enfant de… — Eric Larchevêque (@EricLarch) May 13, 2025 So far, 25 individuals have been charged in connection with the cases in France, and an alleged mastermind was arrested in Morocco, but he is yet to be extradited. This week, France 24 reported that the French police have detained more people over last month’s kidnapping for ransom of a crypto entrepreneur’s father. Prompted by the spate of brazen attacks, French Interior Minister Bruno Retailleau summoned crypto bosses in mid-May to discuss their security, emphasizing on the need for taking joint measures to protect them and their families. He also vowed to “find the perpetrators wherever they may be.” Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Cryptopolitan 2025-06-13 15:45
Bitcoin May Face Challenges as Gold Surges Amid Escalating Israel-Iran Geopolitical Tensions
Geopolitical tensions between Israel and Iran have triggered a $1 billion liquidation in crypto markets, causing Bitcoin to drop nearly 3% while gold surged toward new highs. Gold’s ascent amid

CoinOtag 2025-06-13 15:45
Coinbase Expands Crypto Offerings with Three New Listings
Coinbase, a leading U.S.-based cryptocurrency exchange, has announced the addition of three new crypto assets to its trading platform. This move aims to broaden access to diverse digital assets for its users and underscores the exchange’s commitment to expanding its global presence and trading opportunities. The new listings span the Ethereum, Solana, and Arbitrum networks, … Continue reading "Coinbase Expands Crypto Offerings with Three New Listings" The post Coinbase Expands Crypto Offerings with Three New Listings appeared first on Cryptoknowmics-Crypto News and Media Platform .

Cryptoknowmics 2025-06-13 15:42
FTX Alameda Unstakes Massive $31.5M Solana SOL Holdings
BitcoinWorld FTX Alameda Unstakes Massive $31.5M Solana SOL Holdings Hey crypto enthusiasts! Get ready for some crucial insights straight from the blockchain. We’ve just seen a significant movement involving the defunct crypto giant, FTX Alameda, and a substantial amount of Solana SOL. Tracking these large wallet movements provides invaluable On-chain data for understanding potential market dynamics. What Did FTX Alameda Just Do With $31.5M in Solana SOL? In the ongoing process of the FTX and Alameda Research bankruptcy proceedings, the estate is tasked with liquidating assets to repay creditors. This often involves moving and selling off various cryptocurrency holdings. The latest activity spotted by on-chain analysts involves a large chunk of Solana SOL. According to observations shared by on-chain analyst @EmberCN on X, referencing data from Solscan, an address linked to the FTX Alameda estate recently unstaked a considerable amount of SOL tokens. Amount Unstaked: 188,000 SOL Approximate Value: $31.5 million (at the time of unstaking) Immediate Action: The unstaked funds were quickly distributed across 30 different blockchain addresses. This isn’t the first time we’ve seen such activity from this particular address. The FTX Bankruptcy estate has been actively managing its SOL holdings for some time. Why is the FTX Bankruptcy Estate Moving Solana SOL? The primary driver behind these large movements is the need for the FTX Bankruptcy estate to gather funds. Following the collapse of FTX and Alameda Research, the legal process requires the estate to identify, secure, and liquidate assets to compensate the many individuals and institutions who lost funds. Solana (SOL) was one of the significant altcoin holdings within the FTX/Alameda portfolio, largely due to Sam Bankman-Fried’s early involvement and investment in the Solana ecosystem. Moving staked assets like SOL involves an ‘unstaking’ period, during which the tokens are unlocked and become transferable. Once unstaked, the estate can then move these funds, often preparing them for sale on exchanges to convert them into fiat currency or stablecoins for distribution to creditors. Tracking the Funds: Where Does the Solana SOL Go Next? The distribution of the unstaked 188,000 SOL across 30 different addresses is a typical step in preparing for potential sales. While the exact final destination isn’t always immediate, past patterns provide strong clues. Historical On-chain data from this FTX Alameda address suggests a clear trend: Funds moved from these intermediary addresses typically end up being transferred to major cryptocurrency exchanges. Common destinations have included platforms like Coinbase and Binance. Transferring large amounts to exchanges is usually a precursor to selling. This means that this $31.5 million worth of SOL is likely being prepared for potential liquidation on the open market. Analyzing Past FTX Alameda SOL Movements Through On-chain Data This recent unstaking is part of a larger, ongoing process. By examining historical On-chain data, analysts can piece together the scale of the FTX Bankruptcy estate’s liquidation efforts concerning Solana SOL. Since November 2023, the main FTX Alameda address has unstaked and moved a staggering amount of SOL: Total SOL Moved Since Nov 2023: 8.407 million SOL Approximate Value of Total Moved: $1.094 billion This historical data highlights the significant impact the FTX/Alameda liquidation has already had, and continues to have, on the supply side of Solana SOL in the Crypto market. What Remains? The Status of FTX Alameda’s Remaining Solana SOL While a substantial amount has been moved and likely sold, the FTX Bankruptcy estate still holds a considerable amount of Solana SOL in staking. As of the latest reports: SOL Remaining Staked at the Address: 5.046 million SOL Approximate Value of Remaining Staked SOL: $726 million This indicates that the liquidation process is far from over. The estate still controls a large reserve of SOL that could potentially be unstaked and moved in the future, depending on market conditions, creditor demands, and the court’s directives. Actionable Insights for Crypto Market Participants For investors and traders in the Crypto market, tracking these large movements from the FTX Alameda Bankruptcy estate is crucial. Here’s why and what you can do: Why it Matters: Potential Selling Pressure When large holders like the FTX estate move assets to exchanges, it often signals an intent to sell. Large sales can increase supply on exchanges, potentially leading to downward pressure on the price of Solana SOL, especially if the market demand doesn’t absorb the selling volume quickly. How to Use This Information: Stay Informed: Follow on-chain analysts and news sources reporting on FTX/Alameda movements. Monitor Exchanges: Keep an eye on order books and trading volumes for SOL on major exchanges like Coinbase and Binance, where these funds are likely headed. Consider Your Strategy: If you are trading or investing in Solana SOL, be aware of the potential for large sell orders entering the market from the estate. This might influence your entry or exit points. Utilize On-chain Data Tools: Learn how to use blockchain explorers (like Solscan for Solana) or follow analysts who specialize in interpreting this data. Challenges: Predicting the exact timing and impact of these sales is difficult. The estate may sell gradually, use over-the-counter (OTC) desks, or wait for favorable market conditions. The distribution across multiple addresses can also make precise tracking challenging. Looking Ahead: What’s Next for the FTX Alameda SOL Holdings? Given the significant amount of Solana SOL still held by the FTX Bankruptcy estate, we can anticipate further unstaking and movements in the future. The pace and scale will likely depend on the estate’s liquidation strategy, the progress of creditor repayments, and potentially the market price of SOL. Market participants should continue to monitor on-chain activity related to addresses known to belong to the estate. These movements remain a key factor influencing the supply dynamics of Solana SOL in the Crypto market. Conclusion: Tracking the Ripple Effect of FTX’s Collapse The recent unstaking and distribution of 188,000 SOL ($31.5 million) by an address linked to FTX Alameda is another chapter in the ongoing process of the estate liquidating assets to repay creditors. This activity, confirmed by On-chain data, follows a pattern of moving funds towards exchanges like Coinbase and Binance, suggesting potential future sales of Solana SOL. With over $700 million worth of SOL still staked by the estate, these movements will likely continue to be a significant data point for anyone watching the Solana SOL price and the broader Crypto market. To learn more about the latest Solana SOL trends, explore our articles on key developments shaping Solana SOL price action . This post FTX Alameda Unstakes Massive $31.5M Solana SOL Holdings first appeared on BitcoinWorld and is written by Editorial Team

Bitcoin World 2025-06-13 15:40
Exploring the Potential Surge in SUI and the Booming XYZVerse Presale
In the dynamic world of digital currencies, notable projects like SUI and XYZVerse are capturing significant interest. SUI, renowned for its rapid ascents, is now aligning with Real Vision to enhance its blockchain's utility. Concurrently, XYZVerse is rapidly advancing through its presale phases, signaling robust market demand. Understanding SUI's Price Dynamics and Strategic Partnerships Recently, SUI has demonstrated remarkable volatility, with its price oscillating significantly and creating buzz around potential ETF inclusion by Nasdaq. Despite these swings, the price has largely remained flat, presenting a deceptive calm that belies the underlying market movements. Adding to SUI’s appeal is the new partnership with Real Vision, spearheaded by Raoul Pal. This collaboration is set to integrate SUI's blockchain to facilitate on-chain rewards for community contributions, enhancing its long-term utility amidst short-term market fluctuations. Source: TradingView Furthermore, the technical analysis reveals a golden cross pattern, typically a bullish indicator, suggesting a potential increase in SUI's price to $7.56, which would mark a 380% rise. Support levels are crucial for SUI, especially near the $2.66 mark, which if held, might propel the price towards the $3.67 resistance level, and potentially higher to $4.18 on breaking past this threshold. The Rapid Ascent of XYZVerse in the Crypto Presale Arena While SUI navigates through its technical and partnership developments, XYZVerse is making substantial strides in its fundraising endeavors, having amassed over $14 million in its presale. This enthusiastic reception underscores the market's appetite for innovative crypto projects with tangible utility and integration in sports. The project’s presale success is not just about numbers; it’s a reflection of XYZVerse’s compelling proposal to blend the worlds of sports and decentralized finance. With plans to escalate its token value by a staggering 99,900%, XYZVerse is not just a typical meme coin but a venture with a broad vision that includes partnerships with sportsbooks to enhance user engagement. Investment Outlook on SUI and XYZVerse As SUI braces for potential ups and downs with an upcoming $215 million token unlock and the anticipation around an ETF, the cryptocurrency remains a hotbed of both opportunity and volatility. Simultaneously, XYZVerse continues to draw investors’ eyes as the presale progresses, betting on its unique positioning at the intersection of sports, entertainment, and blockchain technology. Frequently Asked Questions What are the implications of the Real Vision partnership for SUI? The Real Vision deal is poised to significantly bolster SUI's blockchain utility, offering a robust platform for user engagement through on-chain rewards. What should traders watch for in SUI's price movements? Traders should monitor the $3.50 to $4.00 range closely, as breaking above this could fuel a new bullish rally towards $7.56, while slipping below could see a retest of lower support levels around $2.15. How significant is the spot ETF filing for SUI’s future? The ETF filing by Nasdaq could be a game-changer for SUI, potentially enhancing its liquidity and attracting more institutional investment if approved. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitzo 2025-06-13 15:40
SharpLink Gaming Stock Plunges: Panic Over ETH Treasury & SEC Filing Clarified
BitcoinWorld SharpLink Gaming Stock Plunges: Panic Over ETH Treasury & SEC Filing Clarified The world of traditional finance often intersects with the dynamic cryptocurrency market, sometimes leading to unexpected turbulence. That’s exactly what happened recently with SharpLink Gaming , a Nasdaq-listed online gambling company. Their stock experienced a dramatic plunge, falling over 70% in after-hours trading, sending ripples of concern through investors. But what triggered this sudden nosedive? It all seems to stem from confusion surrounding an SEC filing and a unique corporate strategy involving an ETH treasury . What Caused the SharpLink Gaming Stock Plunge? The immediate trigger for the significant drop in SharpLink Gaming shares was investor reaction to a U.S. Securities and Exchange Commission (SEC) filing. According to reports, including one from Decrypt, the market interpreted the filing as a sign that participants in a recent private investment in public equity (PIPE) offering were selling off their shares en masse. This perceived selloff created panic, leading to the rapid devaluation of the stock. It’s understandable why investors might react strongly. A large-scale selloff by major investors who just participated in a funding round can signal a lack of confidence in the company’s immediate prospects. However, in this instance, the panic appears to have been based on a misunderstanding of the filing’s true purpose. The Strategy: An ETH Treasury Funded by a PIPE Offering Adding another layer to this story is SharpLink Gaming’s recent financial move. The company had successfully raised a substantial $425 million through a PIPE offering . A PIPE is essentially a way for a public company to raise capital by selling stock to private investors, often institutions, at a discount to the market price. It’s a common method for companies needing quick funding. What made this specific PIPE offering stand out was its stated purpose: to establish an ETH treasury . This means SharpLink Gaming intended to use a significant portion of the funds raised to acquire and hold Ethereum (ETH) as a corporate asset. Holding cryptocurrencies, particularly Bitcoin or Ethereum, as a treasury asset is a strategy adopted by a growing number of companies, though it’s still relatively uncommon, especially for a company in the online gambling sector. This move into crypto assets introduces both potential benefits and risks. Benefits could include potential appreciation of the asset, diversification, and perhaps strategic uses of ETH or the Ethereum network in the future. Risks include price volatility, regulatory uncertainty, and the technical complexities of managing digital assets. Decoding the SEC Filing Confusion The heart of the issue lies in the interpretation of the SEC filing . SharpLink Gaming filed an S-3 shelf registration statement. An S-3 is a simplified registration form used by eligible companies to register securities for potential future sale. A ‘shelf registration’ allows the company to register a large amount of securities and then sell them over time, ‘off the shelf,’ without needing to file a new registration each time. In the context of a PIPE offering , it is standard procedure for the company to file an S-3 to register the shares issued to the PIPE investors. This registration allows those private investors to legally resell the shares they acquired in the private placement on the public market at a later date. The key point is that the S-3 filing *registers the shares for potential resale*; it does *not* indicate that the shares have actually been sold. Think of it like getting a driver’s license. Getting the license (the S-3 filing) allows you to drive (resell shares), but it doesn’t mean you are currently driving or plan to immediately. Investors seemingly mistook the registration filing for actual transaction data. Joseph Lubin Steps In: Clarifying the Situation Amidst the market turmoil and speculation, Joseph Lubin , a prominent figure in the crypto space as the co-founder of Ethereum and CEO of ConsenSys, and who also serves as the Chairman of the Board for SharpLink Gaming, took to social media to address the confusion directly. Using platform X (formerly Twitter), Lubin clarified that the market was misinterpreting the SEC filing . He emphasized that the S-3 filing was a routine and necessary step following the PIPE offering to allow the investors the *ability* to resell their shares in the future, not proof that they *had* sold them. Lubin also personally confirmed that neither he nor ConsenSys, both presumably participants in the PIPE, had sold any of their shares in SharpLink Gaming. His intervention aimed to provide clarity and quell the panic selling that was fueled by the misunderstanding of the regulatory process. Understanding PIPE Offerings and S-3 Filings: A Quick Look To further clarify the situation, here’s a simple breakdown: PIPE Offering: A private company sells stock to private investors (often institutions) to raise capital quickly. The stock is initially restricted. SEC S-3 Filing: A standard regulatory filing for eligible public companies to register securities for potential future sale. In the case of a PIPE, it’s filed to make the shares issued in the private placement ‘resaleable’ on the public market. Investor Misinterpretation: Seeing the S-3 filing for the PIPE shares, some investors incorrectly assumed it meant the PIPE participants were already selling, leading to the stock drop. This highlights how crucial understanding regulatory processes is, especially when traditional finance mechanisms intersect with newer asset classes like cryptocurrency treasuries. Market Reaction and Moving Forward While Joseph Lubin’s clarification helped provide context, the initial damage to the stock price was significant. Market sentiment, once spooked by perceived selling pressure tied to the PIPE offering and the ETH treasury strategy, takes time to recover. The event underscores the sensitivity of public markets to news, filings, and especially information related to significant capital raises and potentially volatile treasury assets like ETH. SharpLink Gaming will now need to navigate the aftermath, potentially working to restore investor confidence by clearly communicating its strategy, including its plans for the ETH treasury and the purpose of future regulatory filings. The episode serves as a cautionary tale about the potential for misinterpretation in the fast-paced world of stock trading, amplified when novel strategies like holding crypto are involved. Key Takeaways A misinterpretation of a routine SEC filing caused a massive stock drop for SharpLink Gaming . The filing was related to registering shares from a PIPE offering used to fund an ETH treasury . Joseph Lubin , Chairman of SharpLink, clarified that the filing registered shares for *potential* resale, not actual sales. Understanding the difference between registering shares and selling shares is crucial in finance. The event highlights the market’s reaction to companies adopting crypto treasury strategies and the need for clear communication. This incident serves as a stark reminder that in the complex interplay of traditional finance and the burgeoning crypto world, clarity and accurate information are paramount to preventing market panic. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action. This post SharpLink Gaming Stock Plunges: Panic Over ETH Treasury & SEC Filing Clarified first appeared on BitcoinWorld and is written by Editorial Team

Bitcoin World 2025-06-13 15:40
SUI Primed for 380% Rally with Golden Cross and Real Vision Deal—Flat Price Hides ETF Momentum
SUI has emerged as one of the most talked-about tokens this cycle, driven by a powerful combination of technical breakouts, ETF momentum, and ecosystem growth. After a 150% rally and growing bullish sentiment, the market now braces for a critical $215M token unlock and tests of key support zones. Meanwhile, fresh partnerships like the one with Real Vision add long-term utility to SUI’s roadmap, even as short-term volatility persists. But SUI isn’t the only project turning heads. While it battles resistance levels and macro-driven pullbacks, XYZVerse is charging forward in presale mode, raising over $14 million and positioning itself as a meme coin with real-world sports integration and ambitious upside potential. Here's a look at both narratives unfolding side by side. SUI Market Update – Volatility, ETF Buzz and Real Vision Integration SUI has been one of the most volatile performers in the market recently, rallying from $1.71 to $4.30 in a sharp 150% move. Technical analysts point to a golden cross formation on the daily chart, often a sign of a strong bullish continuation. Some projections even suggest SUI could reach as high as $7.56 if the momentum holds, which would mark a 380% gain from earlier levels. However, this bullish outlook is clouded by a major supply event—a $215 million token unlock on June 1, 2025. Such a large influx of tokens into circulation may trigger significant selling pressure and short-term volatility. Despite the hype around the ETF news, SUI’s price action has been relatively flat. Nasdaq filed a 19b-4 form with the SEC for a spot SUI ETF by 21Shares, following up on a draft S-1 submitted earlier. This filing was met with a brief 2% price increase and a spike in volume to 13 million tokens traded, well above the daily average. However, SUI failed to hold above the $3.50 resistance and pulled back along with the broader crypto market. Immediate support is noted around $3.40 to $3.43, while stronger resistance sits in the $3.50 to $4.00 range. A break above this zone would likely trigger a fresh bullish wave. Conversely, if bearish sentiment intensifies, SUI could revisit the $2.33 level. In parallel to market activity, SUI has announced a strategic partnership with Real Vision, a financial media platform led by Raoul Pal. Real Vision will integrate Sui’s blockchain to enable on-chain rewards for community participation, including contributions like sharing market insights. This initiative is part of a larger move by Sui to support Web3-native reward systems and user-driven platforms. Similar partnerships include Cre8Space and FanTV, which use SUI's infrastructure to support creator monetization and decentralized engagement. On-chain metrics show SUI’s network activity remains strong, with over $40 billion in aggregator volume and a 24% rise in activity over the last 30 days. These fundamentals may provide a counterbalance to technical headwinds and unlock-related selling pressure. In summary, SUI sits at a critical juncture. Bullish technical signals and growing utility support the case for another upward move, but macroeconomic risks and token unlock dynamics may hold it back in the short term. Investors will be watching closely to see whether SUI can reclaim the $4.00 level or fall back toward key support zones. Sui (SUI) Price Analysis Source: TradingView Over the past week, Sui (SUI) has seen a 4.47% increase. However, over the past month, it has dropped 16.65%, and over six months, it's down 30.61%. Currently, SUI is trading between $2.94 and $3.45. Technical indicators suggest SUI might be nearing an oversold condition. The Relative Strength Index (RSI) is at 32.13, close to the oversold threshold. The Stochastic value is low at 6.80, indicating bearish momentum. The MACD level is negative at -0.0359, suggesting the downward trend could continue. SUI has a support level at $2.66. If this level holds, the price could bounce back toward the resistance at $3.67, a potential increase of about 20%. Breaking this resistance could target $4.18. If support fails, the price might drop to $2.15. The 10-day and 100-day Simple Moving Averages are close at $3.33 and $3.37, indicating steadiness in recent trading. As SUI consolidates around key technical zones, investors are also watching the rapid rise of XYZVerse — a new all-sports meme coin that has already raised over $14 million in its presale and is gaining momentum with its unique blend of sports partnerships, gamified utility, and a bold 99,900% upside target. XYZVerse Surpasses $14M in Presale, Closing in on 99,900% Growth Goal XYZVerse has raised over $14 million in Stage 12 of its presale, now 94% complete. This signals strong investor demand for the first all-sports meme coin, which blends sports fandom with crypto utility through partnerships with decentralized sportsbooks. Still in presale, XYZVerse aims to increase its token price from $0.0001 to $0.1 — a 99,900% target. The current stage price is $0.003333, but it’s set to rise by nearly 50% to $0.005 in the next round. Time is running out for early entry before the next price hike. Backed by gamified utility, a capped 100B supply with burn mechanics, and audited smart contracts, XYZVerse offers both entertainment and practical value. Its ecosystem has already integrated bookmaker. XYZ, a decentralized sportsbook offering betting bonuses to $XYZ holders. XYZVerse supports major blockchains including Ethereum, BSC, Solana, Arbitrum, and others. Users can purchase tokens with crypto or bank cards through the official site. With exchange listings coming after the presale ends, and momentum building fast, XYZVerse is shaping up to be one of the most ambitious meme coin launches of the year. Bottom Line SUI stands at a pivotal crossroads. Despite near-term volatility, its long-term narrative remains compelling—driven by technical strength, an expanding Web3 ecosystem, and the potential approval of a spot ETF. However, the looming $215 million token unlock and persistent macroeconomic headwinds continue to challenge its upward trajectory. Whether SUI breaks through key resistance levels or retreats to lower support zones will depend heavily on how the market absorbs upcoming catalysts. At the same time, attention is shifting toward emerging projects like XYZVerse , which has captured investor interest with over $14 million raised in its presale and a bold 99,900% upside vision. As SUI stabilizes and builds for the next leg, XYZVerse offers early-stage investors an alternative high-risk, high-reward opportunity—rooted not just in meme coin hype, but in gamified utility and real-world sports integration. Together, both tokens reflect different ends of the crypto narrative spectrum: one a Layer-1 contender with institutional eyes, the other a presale phenomenon with grassroots momentum. Frequently Asked Questions Why is SUI gaining so much attention right now? SUI recently completed a 150% rally and formed a golden cross on the daily chart, a classic bullish signal. At the same time, momentum is building from a potential spot ETF approval and a major partnership with Real Vision, which adds real-world utility to the Sui blockchain. What price levels should traders be watching? SUI is currently trading between $2.94 and $3.45. Key support lies around $2.66, and immediate resistance sits at $3.50–$4.00. A break above $4.00 could pave the way for a move toward $7.56. A breakdown could retest the $2.15 zone. How does the Real Vision partnership impact SUI's long-term potential? The Real Vision deal enables on-chain engagement rewards for users, tying SUI into Web3 content ecosystems. This is part of a broader push to integrate with media, gaming, and creator platforms—expanding SUI’s real-world use cases beyond speculation. Is the SUI ETF real, and how far along is the process? Yes, Nasdaq has submitted a 19b-4 filing for a spot SUI ETF on behalf of 21Shares. While this is a major step, approval is not guaranteed and may take months. However, if approved, it could significantly boost institutional demand. Why is SUI’s price flat despite bullish news? SUI's price has remained relatively flat due to market-wide caution and upcoming token unlock pressure. The ETF news did cause a brief volume spike, but broader crypto uncertainty has tempered immediate momentum. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto Daily 2025-06-13 15:40
USDC Comes to Shopify, Coinbase Deal Could Boost SHOP Stock
Shopify ($SHOP) just took a big step into crypto payments, and it might hand SHOP stock a new catalyst. Shopify is rolling out early access to USDC...

TipRanks 2025-06-13 15:40
This Trader Turned $10K into $2M with Cardano—Now He’s All-In on a $0.32 Gem
One of the most well-known traders, known to time the market perfectly, has made a major milestone by turning Cardano (ADA) investment of 10,000 dollars, which he made during the early presale, into 2 million dollars. This achievement underscores the promise of early-stage cryptocurrency investments, especially in projects that have solid fundamentals. The fact that the trader was able to recognize the value of Cardano during its early days highlights the relevance of strategic entry points in the turbulent crypto market. Shifting Focus to Kaanch Presale The same trader has now turned the focus towards Kaanch Network as the best crypto to buy in 2025, where he has invested 15000 dollars in its current presale at a price of 0.32 dollars per token. The trader estimates Kaanch to grow by 25,900 percent and sees this as a key chance to make high profits. In stage 6, the presale, over $2,132,685 has been raised, which indicates the high interest of investors. The next stage price will increase twice to $0.64, so it pays to participate early. The fact that Kaanch will be listed on Bitmart soon and at a price of 30 dollars makes it even more attractive to investors who are interested in high returns. Kaanch’s Technological Edge Kaanch Network stands out as a top layer 1 by having a powerful infrastructure that is fast and scalable. With a throughput of 1.4 million transactions per second and a finality of 0.8 seconds, it guarantees immediate trade execution and smart contract efficient execution. The gas fees are almost zero, which makes it affordable to decentralized applications, microtransactions, and payments. Kaanch offers an audited (by SpyWolf and VerifyLab), secure and scalable platform, supported by 3,600 decentralized nodes, and designed to be transparent and trustworthy. Real-World Utility and Adoption Kaanch emphasis on tokenizing real-world assets, including gold and real estate, is targeting multi-trillion-dollar markets, which have viable utility beyond speculative trading. Its business-friendly model makes it easy to integrate blockchain technology, and promote its use among business and individuals. Kaanch minimizes the risks of inflation with a fixed supply of 58 million tokens, improving its value proposal in the long term. The community-governance and open staking dashboard of the project enable the token holders to develop the ecosystem, making the project sustainable. Presale Incentives and Investment Opportunity Investors will be able to buy Kaanch tokens with either ETH or USDT, and live staking will provide up to 30 percent annual percentage yield in the presale. With the expected listing on BitMart at a price of $30, Kaanch as a top layer 1 will become more accessible to the market with a prospect of price growth. Those investors who want to participate in this project need to visit the Kaanch presale webpage and purchase some of the rapidly selling presale to enjoy its present price and the potential of 25,900% increase. For more information about Kaanch Network ) visit the links below: Website: https://presale.kaanch.com/ Whitepaper: https://docs.kaanch.network/ Twitter/X: https://x.com/KaanchNetwork Telegram: https://t.me/kaanchnetwork Win 1M: https://presale.kaanch.com/win-1-million How to buy : https://presale.kaanch.com/how-to-buy Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto Daily 2025-06-13 15:38
Ripple v. SEC: Friday the 13th court bombshell
The U.S. Securities and Exchange Commission (SEC) v. Ripple case just got an exciting update, with the two parties filing a joint motion with a Manhattan federal court to dissolve the existing injunction and release the $125 million civil penalty held in escrow. Under the proposal, $50 million would go to the SEC, while Ripple would receive the remaining $75 million. Should Judge Analisa Torres greenlight the proposal, SEC and Ripple will petition the second Circuit Court of Appeals for a limited remand to obtain formal relief. Following the news, XRP price dropped quickly, trading at $2.14 at the time of writing (down 3.85%). In the meanwhile, the daily trading volume is up 58.47%, suggesting increased market activity generated by the growing legal uncertainties. XRP 24-hour price performance. Source: Finbold Ripple and SEC close to settling The Ripple v. SEC case is one of the longest legal battles with potentially wide-ranging consequences for the crypto market . Both parties thus appear eager to settle, By agreeing to a reduced penalty, the SEC stands to expedite fund recovery. For Ripple, on the other hand, dissolving the injunction would remove legal barriers hindering partnerships with institutions such as Bank of America (BofA) and perhaps a potential initial public offering ( IPO ), as noted last month by James Farrell, a former SEC attorney. James Farrell’s Ripple IPO prediction. Source: X The case also unfolds amid broader shifts in the SEC’s approach to crypto regulation, as the agency has moved toward a safer approach under new chair Paul Atkins. Accordingly, reduced penalties and a legal rock off its shoulders would allow Ripple to focus on expanding and meeting new regulatory demands. Featured image via Shutterstock The post Ripple v. SEC: Friday the 13th court bombshell appeared first on Finbold .

Finbold 2025-06-13 15:37
Shiba Inu Leads Technological Innovation with New Developments
Shiba Inu announces a strategic pivot with AI and new Layer-3 technology. Key developers highlight radical transformation beyond memecoin identity. Continue Reading: Shiba Inu Leads Technological Innovation with New Developments The post Shiba Inu Leads Technological Innovation with New Developments appeared first on COINTURK NEWS .

CoinTurk News 2025-06-13 15:35

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