STX faces key resistance at $0.39 after 7% rally

Key takeaways

  • Stacks’ STX is up nearly 7% in the last 24 hours and is trading at $0.378.
  • The coin could retrace towards $0.35 thanks to the $0.39 resistance level.

STX  hits $0.39 amid growing TVL

STX, the native coin of Stacks, a layer-2 protocol built on Bitcoin, is trading at $0.37 after adding 7% to its value in the last 24 hours. 

The rally comes as Stacks is experiencing a growing Total Value Locked (TVL). Data obtained from DeFiLlama shows that Bitcoin’s TVL is at $7.176 billion, up from $6.728 billion last week. 

There is a renewed interest in Bitcoin’s DeFi utility, with Stacks one of the leading DeFi platforms on the Bitcoin blockchain. 

Furthermore, DeFiLlama data shows that Stacks TVL is at $129.73 million, up from $116.62 million last week. 

Retail traders are also renewing interest in the network. Stacks futures Open Interest (OI) currently stands at $27.79 million, up from the $16 million recorded a week ago. This suggests a capital inflow driven by renewed risk-on sentiment among traders. 

STX could retrace below $0.35 if the $0.39 resistance holds

The STX/USD 4-hour chart is bullish and efficient after STX added 17% to its value since hitting the $0.3060 50-day EMA level on Sunday. At press time, STX is trading at $0.3781 and could rally higher in the near term.

STX/USD 4H Chart

If it extends its gains, STX could surge towards the $0.413 resistance level for the first time since November 13. An extended bullish run would allow STX to hit $0.50 for the first time since the October 10 deleveraging event.

The Relative Strength Index (RSI) on the 4-hour chart is at 83, suggesting heightened buying pressure. However, with the RSI in the overbought region, STX could undergo a slight correction in the near term. 

If that happens, STX could retest the $0.3500 resistance-turned-support level, with the 50-day EMA at $0.3060 expected to be a strong support zone.

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SUI surges 17% on Mysten Labs promotion, eyes $2.3

Key takeaways

  • SUI is up 17% in the last 24 hours and is now trading at $1.95.
  • The rally comes as Mysten Labs researchers explore privacy features for blockchains, placing Sui alongside Ethereum and Solana in the account-based model.

SUI tops $1.95 after 17% rally

SUI, the native coin of the Sui blockchain, is up 17% in the last 24 hours, making it the best performer among the top 20 cryptocurrencies by market cap. The coin is now trading at $1.95, close to a two-month high, thanks to this rally.

The rally comes following a recent paper by Mysten Labs researchers that explores privacy features for blockchains, placing Sui alongside Ethereum and Solana in the account-based model.

The paper places Sui firmly within the account-based model, alongside Ethereum and Solana. It also looked at how such systems could implement confidential balances, limited anonymity sets, or sender-receiver unlinkability using cryptographic primitives such as homomorphic encryption and zero-knowledge proofs.

In addition to that, on-chain and derivatives data suggest growing market participation. Data obtained from Santiment shows that the Sui ecosystem’s trading volume reached $967.43 million on Tuesday, the highest since early December. This surge suggests that traders are taking an interest in Sui again following the poor performance recorded last month. 

According to DeFiLlama, Sui’s Total Value Locked (TVL) has been steadily rising since the end of December, reaching $1.04 billion on Tuesday.

Furthermore, CoinGlass’s derivatives data shows that SUI futures Open Interest (OI) at exchanges rose to $947.26 million on Tuesday, up from $685 million recorded a week ago.

SUI could surge to the $2.34 level

The SUI/USD 4-hour chart is bullish and efficient as Sui has added 34% to its value in the last seven days. The coin is now trading around $1.95 and could surge higher in the near term. 

If the bullish trend continues, SUI could extend the rally toward the weekly resistance level at $2.34. The momentum indicators currently support further bullish movements. 

SUI/USD 4H Chart

The Relative Strength Index (RSI) on the 4-hour chart is 85, above the overbought threshold, indicating strong bullish momentum. 

Furthermore, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover and rising green histogram bars above the neutral level.

However, if the market undergoes a correction, 

On the other hand, if SUI corrects, it could extend the decline toward the 50-day EMA at $1.66.

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Critical wallet bug found in Bitcoin Core v30, users urged to backup

  • Legacy wallets risk deletion during Bitcoin Core v30 migration.
  • Back up wallet and data directories before attempting upgrades.
  • Modern wallets and hardware wallets remain largely safe.

A critical bug has been discovered in Bitcoin Core v30, raising alarms for users planning to upgrade their wallets.

The issue specifically affects the wallet migration process, which is designed to transfer old wallets to the latest software version.

Under certain conditions, this migration can delete wallet files, putting users’ funds at risk.

Developers have confirmed that the bug primarily impacts older legacy wallets, particularly those that have not been renamed or updated in years.

Modern wallets and hardware wallets are largely unaffected, according to official sources.

However, the risk remains significant for anyone running a node with outdated wallet files and attempting a migration.

The Bitcoin Core wallet bug

The problem arises when Bitcoin Core tries to migrate an unnamed legacy wallet located in a custom wallet directory.

If pruning is enabled, the software can misinterpret the migration process and inadvertently delete all files in the wallet directory.

This is not a network-level bug, so the Bitcoin blockchain itself remains secure.

Instead, the threat is local: users may lose access to their funds if no external backup exists.

The vulnerability only triggers during migration attempts.

Simply running the software or syncing the blockchain is not enough to cause file deletion.

Developers quickly responded by removing v30.0 and v30.1 binaries from the official download page.

Users are now urged to avoid running any wallet migrations until a fixed version is released.

Steps users should take

The Bitcoin Core v30 bug is dangerous but avoidable, provided users follow official guidance and prioritise backups.

Bitcoin Core recommends backing up the entire wallet and data directories before attempting any upgrades.

This precaution can prevent potential loss, especially for legacy wallet users.

It is also advised to check whether the wallet is classified as “legacy” or “modern.”

For those with legacy setups, extra care should be taken when handling migration procedures.

Users should also verify their directory configurations, including the -walletdir parameter, to ensure files are not accidentally removed.

Keeping offline or external backups remains the safest way to protect funds.

While the bug does not compromise the network, the risk to individual wallets is real and immediate.

The community is awaiting the release of Bitcoin Core v30.2, which will address the migration bug and restore safe upgrade procedures.

Until then, cautious users are strongly advised to pause any wallet migrations and secure backups externally.

The discovery of this bug serves as a reminder that software updates, while necessary for security and performance, can introduce unforeseen risks to legacy systems.

By taking simple precautions, users can avoid potential losses and ensure their Bitcoin holdings remain safe.

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