Morgan Stanley plant inzwischen wohl konkret die Einführung von Kryptowährungen auf der firmeneigenen Handelsplattform E*Trade.
SUI and SEI rally as Bitcoin tops $96K, breakouts signal 2025 highs
- The surge in the altcoins comes amid a broader rally triggered by Bitcoin’s new milestone.
- The daily chart for SUI reveals a bull flag pattern, often considered a continuation signal for uptrends.
- After dipping below $0.14 earlier this year, the token has reversed its downtrend.
As Bitcoin pushed past $96,000 this week, it reignited interest across the altcoin market.
Among the tokens gaining significant traction are SUI and SEI, both of which are showing breakout signals following months of gradual upward movement.
With bulls regaining control and wider market sentiment turning optimistic, analysts are now closely watching these two tokens to see if they can test their respective highs in 2025.
Solana, another top-10 cryptocurrency by market cap, has also reclaimed levels above $150, contributing to renewed enthusiasm for smaller tokens like SUI and SEI.
The current price action suggests growing accumulation among traders as technical patterns hint at continued bullish momentum.
SUI’s $4 target comes into play
SUI, the native token of the Layer 1 blockchain developed by Mysten Labs, is showing signs of a breakout from its recent consolidation phase.
After rising 60% in a short span, the token managed to avoid a correction, instead consolidating within a narrow range for more than a week.
This range-bound behaviour has now culminated in a bullish breakout, supported by technical indicators.
The daily chart for SUI reveals a bull flag pattern, often considered a continuation signal for uptrends.
The price is now approaching resistance near the $4 level, which will be the next major test.
Source: CoinMarketCap
Meanwhile, the 50-day moving average has flipped positive, confirming a potential bullish reversal.
The MACD, though showing some decline in buying volume, remains above the zero line.
A golden cross—where the 50-day moving average crosses above the 200-day—could also occur in the near term, bolstering the bullish case.
Despite occasional dips in volume, SUI’s price action suggests investor confidence is still intact.
If this trend continues, the token could aim for a new all-time high closer to $7 in 2025, especially if Bitcoin remains above its current support levels.
SEI bulls eye $0.5 breakout
SEI has also emerged as a strong gainer in the current cycle.
After dipping below $0.14 earlier this year, the token has reversed its downtrend and is forming a pattern of higher highs and higher lows.
More notably, it has broken through the bearish Gaussian Channel on the chart—a move typically interpreted as the beginning of a longer-term uptrend.
Volume indicators, particularly the Chaikin Money Flow (CMF), show a clear uptick in capital inflows into SEI.
The CMF has moved above zero for the first time in weeks, signalling increased investor interest.
With resistance levels at $0.32, $0.40, and $0.44 coming into view, SEI appears poised for further gains.
Source: CoinMarketCap
A move past the $0.48–$0.50 zone, which marks a significant resistance area, could trigger a fresh leg up.
If momentum sustains and market conditions remain favourable, SEI may well be on track to approach the $1 mark by mid-2025.
This would represent a more than 7x gain from its previous lows, making it one of the standout performers of the cycle.
Technical indicators support further gains
Both tokens are showing confluence across several key indicators. SUI’s RSI remains in neutral territory, leaving room for more upside.
SEI, on the other hand, has just crossed into bullish territory, suggesting its rally may still be in its early phase.
Market watchers are now focusing on the next few days for confirmation of trend continuation.
While external factors such as macroeconomic sentiment, US regulatory decisions, and Bitcoin volatility will continue to influence prices, the charts for SUI and SEI provide a positive technical outlook in the short-to-medium term.
The post SUI and SEI rally as Bitcoin tops $96K, breakouts signal 2025 highs appeared first on CoinJournal.
21Shares seeks SEC approval for Spot Sui ETF in US market
- The proposed ETF would provide direct exposure to SUI’s market price.
- The fund does not include a staking component, in contrast to similar applications from other issuers such as Canary Capital.
- The Sui ETF proposal adds to a wave of more than 70 crypto ETF filings under SEC review.
Asset manager 21Shares has filed an S-1 registration with the Securities and Exchange Commission to launch a spot exchange-traded fund tracking Sui (SUI), while also announcing a strategic collaboration with the blockchain network.
The proposed ETF would provide direct exposure to SUI’s market price, with assets held in custody by Coinbase, according to the filing.
Its daily NAV will be based on a benchmark index tracking spot prices, and like other US-approved crypto ETFs, share creations and redemptions would be processed in cash, not in-kind.
Notably, the fund does not include a staking component, in contrast to similar applications from other issuers such as Canary Capital, which has also filed for a spot Sui ETF with staking.
21Shares also announced on Thursday that it has entered into a “strategic partnership” with the Layer 1 network, aimed at expanding its global reach amid rising interest in the Sui ecosystem.
SUI ETPs in Europe
Sui-based exchange-traded products (ETPs) have gained significant traction in Europe, with offerings such as the 21Shares Sui Staking ETP and the VanEck Sui ETP already available to investors.
The US filing comes roughly a year after 21Shares launched the 21Shares Sui Staking ETP in Europe in July 2024.
According to the latest data from CoinShares, these Sui-linked investment vehicles had a combined $400 million in assets under management as of April 25.
Investor interest in the Sui ecosystem appears to be accelerating.
Year-to-date, Sui-based ETPs have attracted $72 million in net inflows, including a notable $20.7 million influx in just the past week.
SUI currently holds a market cap of $12.3 billion, ranking it as the 11th largest cryptocurrency globally.
ETF race expands
The Sui ETF proposal adds to a wave of more than 70 crypto ETF filings under SEC review.
Asset managers such as Bitwise, Grayscale, Franklin Templeton, and REX Shares have submitted filings for spot ETFs tied to Solana, XRP, Dogecoin, Cardano, Avalanche, Hedera, Litecoin, and Polkadot.
21Shares, a Switzerland-based manager, is already active in the US market through its spot Bitcoin and Ethereum ETFs, launched in partnership with Ark Invest.
It has recently expanded its ETF ambitions, submitting applications tied to XRP, Solana, Dogecoin, and Polkadot.
According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the Solana and Litecoin ETF proposals lead with a 90% chance of approval, followed by XRP (85%), and Dogecoin and Hedera (80%).
The growing flurry of filings reflects a more permissive regulatory environment under the Trump administration, with Paul Atkins, a long-time industry ally, now chairing the SEC.
The agency has dropped multiple lawsuits and initiated public dialogue with crypto firms, indicating a departure from the stance of former Chair Gary Gensler.
The post 21Shares seeks SEC approval for Spot Sui ETF in US market appeared first on CoinJournal.
Bitcoin über 96.500 US-Dollar, während Aktien-Indizes 2025 leiden
Bitcoin steigt heute wieder über 96.500 US-Dollar, während die wichtigsten Aktien-Indizes in 2025 negativ tendieren. Was steckt dahinter?
Kuwait launches crackdown on crypto miners over power grid concerns
- Kuwait has launched a crackdown on illegal crypto mining.
- The coordinated effort targeted residential properties suspected of being used as illegal crypto mining hubs.
- Some suspects have been released on bail of 500 Kuwaiti dinars.
Kuwait has launched a sweeping crackdown on illegal cryptocurrency mining operations, with around 60 individuals currently under investigation and more expected to face legal action in the coming weeks.
The move follows a major security operation aimed at curbing the unlicensed use of electricity for crypto mining, which authorities say is putting immense strain on the national power grid and threatening public infrastructure.
The operation was conducted last Friday.
The coordinated effort targeted residential properties suspected of being used as illegal crypto mining hubs.
According to Kuwait’s Cabinet, the raids are part of ongoing national efforts to combat financial crimes, protect the energy sector from unauthorized consumption, and preserve public safety.
Officials noted that illegal mining setups often consume enormous amounts of electricity, causing grid overloads, power cuts, and disruptions to both residential and commercial areas.
The Public Prosecution, via the Commercial Affairs Prosecution, has ordered the continued detention of several individuals, including property owners who rented out homes for mining operations.
Some suspects have been released on bail of 500 Kuwaiti dinars.
Authorities reportedly confronted the accused with evidence of large, unexplained financial deposits—some earning as much as 3,000–4,000 dinars daily from anonymous sources.
Despite denying the charges, the defendants were linked to seized crypto mining equipment and criminal investigation reports.
To disrupt ongoing illicit mining activities, the Ministry of Electricity has begun cutting off power to identified sites.
Reconnection will only be approved after clearance from the Ministry of Interior.
The post Kuwait launches crackdown on crypto miners over power grid concerns appeared first on CoinJournal.