Schlagwort: blockchain markets

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Sui price outlook as Figure deploys SEC-registered yield-bearing token YLDS

  • Sui traded around $2.67 on Tuesday, with the token down amid an overall market downturn.
  • The Sui team and Figure Technology Solutions are collaborating to enhance onchain liquidity, with plans to integrate SUI as collateral in lending protocols.
  • YLDS powers DeepBook’s stablecoin lending pool, optimizing returns for margin trading and native swaps.

Sui price plummeted as the crypto market heaved under last week’s bloodbath, falling to lows of $2.67.

However, can the overall sentiment improve to bullish, as the Sui blockchain welcomes YLDS, an SEC-registered yield-bearing security token designed to bridge traditional finance with onchain innovation, bolster the altcoin’s value?

Sui teams up with Figure Certificate Company

The investor community cheered the strategic alliance between Sui and Figure Certificate Company.

As highlighted, the partnership emphasizes Sui’s commitment to fostering compliant financial infrastructure and potential for stablecoin adoption.

By deploying YLDS on Sui, Figure aims to eliminate intermediaries, enhancing efficiency in capital markets.

“Issuing YLDS on Sui represents the beginning of a broader initiative to deploy SEC-registered, yield-bearing security tokens across multiple blockchain networks,” stated Mike Cagney, co-founder and executive chairman of Figure. “We’re proud to take this first step with Sui and remove traditional intermediaries in order to level the playing field and democratize access to institutional-grade financial products,” Cagney added.

For Sui, the tie-up with FCC speeds up its ascent in the US-centric RWA and DeFi landscapes.

Evan Cheng, Co-Founder and CEO of Mysten Labs highlighted this in a statement.

“Bringing YLDS to Sui marks a significant upgrade for regulated DeFi, where institutions can access compliant and dynamic assets with the speed and security that only Sui can provide. By combining regulated, yield-bearing security tokens with seamless composability, YLDS further cements Sui as the premier platform for real-world asset adoption and institutional-grade financial infrastructure.”

Sui and yield in regulated DeFi

YLDS redefines stablecoin utility by embedding yield directly into a compliant framework, addressing longstanding barriers in tokenized finance.

This makes it different compared to traditional stablecoins, which often lack built-in returns.

YLDS functions as a dynamic debt security, securitizing real-world instruments for onchain composability.

DeepBook’s forthcoming margin trading system will incorporate an isolated stablecoin lending pool.

Revenues from trading fees, borrowing, and liquidations will compound returns, optimizing capital efficiency for native swaps and beyond.

Sui price outlook

YLDS provides a direct fiat on- and off-ramp for Sui users, bypassing centralized exchanges and mitigating counterparty risks.

For developers, it opens avenues for building yield-optimized protocols.

Expansion could aid adoption across the ecosystem, with native Sui token likely to ride the tailwinds.

Currently, the key price levels for SUI are $3.75 on the upside and $2.50 on the downside.

The altcoin reached highs of $4.00 in mid-September.

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BNB faces pullback risk after 10% drop as charts signal overbought levels

  • BNB falls 10% as overbought signals suggest a short-term pullback toward the $1,000 level.
  • Technical charts show a bearish divergence, hinting at profit-taking and near-term weakness.
  • Analysts still see upside, with long-term targets up to $2,100 if bullish momentum resumes.

BNB (BNBUSD) has fallen 10% over the last 24 hours, reflecting a broader risk-off sentiment in the cryptocurrency market.

The Binance-linked token, which recently hit a record high of $1,300 on Monday, has since seen a 13% drawdown, prompting speculation about whether its latest rally has run out of steam.

BNB enters overbought territory

The recent surge in BNB’s price has pushed technical indicators into overbought zones, suggesting potential for a short-term correction.

The token has recorded multiple all-time highs since late July, driving its weekly relative strength index (RSI) to 81 last week before easing to 71 — still above the overbought threshold of 70.

Historically, such elevated RSI readings have preceded steep corrections.

In 2021, a similar pattern led to a 70% drop, while another overbought signal in July 2024 resulted in a 44% pullback.

Analysts now believe a retreat toward the psychological $1,000 level is increasingly likely if these patterns repeat.

The 20-week and 50-week simple moving averages (SMA), currently positioned between $730 and $860, could serve as key support zones in the event of a deeper decline.

These levels have previously helped cushion BNB’s price during market corrections.

Analyst Saint, in an X post, noted that BNB’s RSI “is currently in the overbought range across multiple periods,” suggesting “potential for price correction, which could lead to a consolidation or a pullback.”

Technical signals point to $1,000 target

Short-term charts further indicate potential downside.

A double-top formation visible on BNB’s four-hour chart projects a return to the pattern’s neckline at $1,000, implying a total decline of about 17% from current levels.

Adding to this bearish outlook, analysts have observed a growing divergence between BNB’s rising price and its falling RSI readings.

Between October 7 and Monday, the BNBUSD pair formed higher highs while the RSI posted lower highs — a classic bearish divergence.

Such divergences often hint at weakening bullish momentum and increased selling pressure as traders lock in profits.

If this trend persists, the $1,000 mark could become an important test of buyer strength in the coming days.

Long-term outlook remains bullish

Despite the latest setback, analysts remain broadly optimistic about BNB’s long-term prospects.

Data from Cointelegraph Markets Pro and TradingView show that the token maintains a bullish structure on higher time frames.

The monthly chart continues to display a bull flag formation that has been in place since October 2023, signaling potential for an extended rally toward $2,100 — representing a 73% upside from current prices.

Several market watchers, including analysts Henry and CoinCentral, have reiterated their bullish outlooks.

Henry wrote that “BNB is still looking strong after the crash,” adding that the token could “flip ETH soon if it goes at the same speed.”

CoinCentral pointed to Binance’s recent $283 million payout to affected users and strong network activity as supportive factors that could sustain the uptrend.

For now, traders are watching whether the $1,000 support level holds — a key test that may determine whether BNB’s correction deepens or the next leg higher begins.

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Beyond Bitcoin: How Asia’s new crypto playbook is breaking from the west

  • A reported $600 million BNB fund signals a shift in Asia’s crypto strategy.
  • Asian institutions are favoring ‘infrastructure tokens’ over store-of-value.
  • The West tokenizes TradFi, while the East builds crypto-native liquidity.

On the surface, it looks like a straightforward bet on a crypto behemoth.

The reported plan by China Renaissance to raise 600 million dollars for a BNB-focused investment vehicle, with Binance founder Changpeng Zhao’s own YZi Labs investing alongside, seems like a simple vote of confidence in the world’s largest crypto exchange.

But according to some of the market’s sharpest observers, this is something far deeper: a clear and powerful signal that a great divergence is underway, a fundamental split in how the East and the West are choosing to build their crypto empires.

A tale of two strategies: The great divide

While Western markets have been laser-focused on tokenizing traditional finance—turning Treasuries, funds, and real-world assets into digital tokens—a different playbook is being written in Asia.

According to the Singapore-based market maker Enflux, the China Renaissance move is a prime example of a broader and more profound strategic shift.

“Regional capital allocators are seeking exposure to infrastructure tokens that drive transaction flow, not just store-of-value assets,” Enflux said in a note to CoinDesk.

This ties into the broader shift where Asian capital markets are building out their own layer of crypto-native liquidity networks while Western markets tokenized TradFi.

Value in motion, not just in scarcity

The logic behind this divergence is both simple and powerful: in the long run, value should be captured not just by scarcity, but by activity.

Assets like BNB are the perfect embodiment of this philosophy. While Binance is not a publicly traded company, its BNB token serves as a powerful proxy, its value a direct reflection of the market’s confidence in the health and activity of the entire Binance ecosystem.

This is not an isolated trend. The recent move by Tron to create a publicly listed company is another key example.

The goal is to give investors direct, regulated exposure to the activity on the TRX network, a bustling hub for USDT transactions across Latin America.

It is a bet on the utility and the velocity of the network, not just the static value of its native token.

The blueprint for a new financial architecture

If this thesis is correct, then the China Renaissance fund is more than just a new investment vehicle; it is an early blueprint for the next generation of institutional products in Asia. These are not funds designed to simply hold digital gold.

They are permanent capital vehicles designed to own the very pipes of the crypto economy.
The message is clear.

While the West is focused on bringing the old world onto the blockchain, the East is increasingly focused on building a new world, with its own native financial architecture.

The great game of crypto is no longer being played by one set of rules; it has become a tale of two very different, and potentially competing, visions for the future.

Market movement

BTC: Bitcoin is trading above 114,500 dollars, holding relatively flat as the market finds its footing and stabilizes after the volatility of the previous weekend.

ETH: Ethereum has risen 1.5 percent to 4,230 dollars as network activity shows signs of picking up, a move of resilience that comes even as US-listed Ethereum ETFs saw 118 million dollars in outflows.

Gold: Gold has surged 2 percent to a new record of 4,103 dollars an ounce. The powerful move is being driven by renewed US-China trade tensions and the growing expectation of further Federal Reserve rate cuts, which are sending investors fleeing toward safe-haven assets.

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Crypto fundraising hits record $3.5B last week amid market volatility

  • Crypto fundraising hits record $3.5B across 28 deals, led by blockchain services.
  • Bitcoin peaks at $126K before a sharp crash wipes $20B in crypto liquidations.
  • Pantera, Coinbase Ventures lead amid rising investor confidence in crypto.

Crypto fundraising surged to an all-time high last week, with startups in the digital asset space raising a record $3.5 billion across 28 funding rounds, according to data from Cryptorank released on Monday.

The milestone marked the strongest week on record for crypto venture activity, surpassing the previous peak of nearly $3 billion set between July 28 and August 3.

The surge came after seven consecutive weeks of sub-$1 billion fundraising, signaling a sharp resurgence in investor confidence despite volatile market conditions.

Over the past six months, weekly fundraising has fluctuated widely—from as low as $150 million to nearly $3 billion—underscoring the unpredictable nature of capital flows in the sector.

Blockchain services lead as sector activity broadens

Data from Cryptorank showed that blockchain services dominated last week’s fundraising landscape.

Of the 28 funding rounds recorded between October 6 and 12, 12 were for blockchain service providers, making it the most active category of the week.

Centralized finance (CeFi) projects followed with six rounds, while the remaining deals were spread across blockchain infrastructure, decentralized finance (DeFi), gaming, and social ventures.

The data suggests investors are increasingly favoring service-oriented projects that support the broader crypto ecosystem rather than narrowly focused tokens or speculative ventures.

Among the most active investors, Pantera Capital participated in four separate deals last week—two in blockchain services and one each in CeFi and social ventures.

Over the past year, however, Coinbase Ventures has maintained its position as the most prolific investor in the sector, with 73 investments across multiple categories.

Animoca Brands followed with 63 deals, while YZi Labs, a Binance-affiliated fund, completed 38. Amber Group and Andreessen Horowitz’s crypto accelerator (a16z CSX) each recorded 37 investments, rounding out the top five.

Record fundraising coincides with Bitcoin’s new peak

The record-breaking fundraising activity coincided with Bitcoin’s (BTC) new all-time high of $126,000, reached on October 6, according to CoinGecko.

The rally was largely attributed to a migration of assets from centralized exchanges into self-custody, institutional funds, and digital asset treasuries, reflecting growing long-term confidence in the world’s largest cryptocurrency.

However, the optimism proved short-lived. On Friday, US President Donald Trump announced a 100% tariff on China, triggering a sudden sell-off across global markets—including digital assets.

Bitcoin’s price fell below $110,000 shortly after the announcement, ultimately plunging by $16,700, a 13.7% correction in under eight hours.

The crash also wiped out nearly 13% of Bitcoin’s futures open interest and resulted in approximately $20 billion in liquidations across crypto markets.

The decentralized perpetuals exchange Hyperliquid reportedly led the liquidation wave.

Investor confidence holds despite market shock

Despite the sharp downturn in crypto prices, analysts see the record fundraising week as a sign of resilient investor appetite for blockchain and digital asset ventures.

The timing—between Bitcoin’s all-time high and one of the largest single-day crashes in market history—highlights both the sector’s volatility and its capacity to attract substantial capital inflows.

The combination of renewed venture activity, sector diversification, and institutional participation suggests that investors remain focused on the long-term structural growth of the crypto economy, even as short-term market dynamics continue to fluctuate.

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Strategy adds 220 BTC as crypto market recovers after Friday’s bloodbath

  • Strategy acquires 220 BTC, boosting holdings to 640,250 BTC total.

  • Bitcoin rebounds above $115,000 after record $19 billion crypto liquidations.

  • Ethereum and Ripple recover as crypto market capitalisation surpasses $4 trillion.

Bitcoin treasury company Strategy (formerly MicroStrategy) acquired an additional 220 BTC between October 6 and October 12 for approximately $27.2 million, paying an average price of $123,561 per coin, according to a company press release on Monday.

The purchase increases Strategy’s total Bitcoin holdings to 640,250 BTC, worth around $73 billion at current market prices.

The average acquisition price for the firm’s total holdings stands at $74,000 per Bitcoin, resulting in a total investment of approximately $47.4 billion, including fees and expenses.

The haul represents more than 3% of Bitcoin’s total 21 million supply, implying around $25.6 billion in paper gains at today’s prices.

Strategy temporarily paused its weekly acquisitions last Monday, as it typically does at the end of each quarter, maintaining total holdings at 640,031 BTC.

BTC treasury companies continue momentum

According to Bitcoin Treasuries data, 188 public companies have adopted some form of Bitcoin acquisition strategy.

The top 10 holdings outside Strategy include MARA with 52,850 BTC, Tether-backed Twenty One with 43,514 BTC, Metaplanet with 30,823 BTC, Adam Back and Cantor Fitzgerald-backed Bitcoin Standard Treasury Company with 30,021 BTC, Bullish with 24,300 BTC, Riot Platforms with 19,287 BTC, Trump Media & Technology Group with 15,000 BTC, CleanSpark with 13,011 BTC, and Coinbase with 11,776 BTC.

For the quarter ended September 30, Strategy reported an unrealised gain of $3.89 billion on its digital assets, along with an associated deferred tax expense of $1.12 billion.

As of the same date, the company’s total digital asset carrying value stood at $73.21 billion, with a related deferred tax liability of $7.43 billion.

Ahead of the latest purchase, Saylor hinted at further acquisitions in a post on Strategy’s bitcoin acquisition tracker, stating, “Don’t Stop ₿elievin’.”

Crypto market rebounds

Bitcoin held onto gains on Monday, trading around $115,000 as the market recovered from last week’s sell-off.

Ethereum climbed back above $4,100, while Ripple traded around $2.60.

The overall crypto market capitalisation rose above the $4 trillion mark from $3.78 trillion, according to CoinGecko.

Total single-day liquidations across all cryptocurrencies reached a record $19 billion last week on Friday, with altcoins experiencing the sharpest losses.

Market volatility was triggered in part by comments from US President Donald Trump regarding additional tariffs on China and other export controls, which briefly spurred a decline in equities and cryptocurrencies.

Bitcoin dipped to approximately $102,000 before rebounding over the weekend.

Despite persistent macroeconomic uncertainty, the rebound in Bitcoin, Ethereum, and Ripple prices has offered relief to traders affected by recent leveraged losses, signalling cautious optimism in the crypto market.

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