Coindesk

Sui (SUI) is trading at $3, up about 4% in the past 24 hours, as the token continues to rally following an announcement by Lion Group Holding Ltd. (LGHL) that it intends to acquire SUI tokens as part of a broader $600 million crypto treasury strategy.The strategy was announced on June 26, triggering a rally in the price of the token, which is currently up nearly 15% over the past 7 days.SUI experienced a significant bullish breakout over the past 24 hour period, according to CoinDesk Research's technical analysis model. The token established a strong support level at $2.87 during early hours on Thursday, before surging dramatically with high volume.Sui’s network has emerged as Solana’s (SOL) primary challenger in the...

As an advisor to both TradFi and crypto native firms, one trend I’m excited about is the potential of blockchain and tokenization to help asset managers serve the next generation of investors.These financial institutions pride themselves on navigating complexity and pursuing innovative strategies. They manage trillions across private equity, credit, venture, and real assets. But for all their sophistication in portfolio construction, many still rely on infrastructure better suited for the fax machine era.Investor records are kept in spreadsheets. Capital calls go out over email. Waterfall calculations are done manually. LPs get quarterly PDFs and little else. The technology stack underneath these firms is fragile, opaque, and overdue for a serious upgrade.Blockchain isn’t a speculative detour; it’s a modern financial...

As bitcoin (BTC) hovers near a fresh all-time high, the Solana-based memecoin, BONK (BONK), is leading the major altcoin rally. The surge coincides with renewed optimism in risk assets following bitcoin's recovery above $110,000, which has triggered widespread gains across established cryptocurrencies. BONK's momentum appears sustainable as numerous crypto analysts express bullish sentiment, citing significant upside potential remaining. Adding to BONK's bullish case, the BONK foundation's token launchpad, LetsBONK.fun, recently surpassed competitor Pump.fun in daily volume with a 126% increase. This development benefits BONK holders as 50% of the platform's revenue is allocated to buying and burning BONK tokens, creating additional positive price pressure in a market already anticipating the upcoming 1 trillion token burn when the project reaches 1...

The altcoin market took a backseat on Thursday as crypto majors bitcoin and ether attempted to rally to new highs. As billions of dollars worth of liquidity flowed into shorting bitcoin on the brink of record highs, altcoins like ATOM consolidated, finding support at the $4.20 level.Typically when bitcoin rallies altcoin price action is muted and the inverse is true when bitcoin consolidates, so ATOM could be primed for a rally once bitcoin begins to cool off.Technical analysisATOM-USD traded within a range of $4.09 to $4.26 during the 24-hour period from 2 July 16:00 to 3 July 15:00, representing a 4% swing.Key support established at $4.16-$4.17 with high volume buying emerging at the $4.20 level during the 13:00 hour session...

Stripe's recent multi-billion dollar acquisitions of Privy and Bridge weren’t just another pair of tech deals. They were a declaration that the crypto infrastructure experiment is over. The results are in – and they're compelling enough for one of the world's most successful payment companies to bet big.A clear picture emerges: the future of finance isn't about choosing between traditional payments and crypto. It's about building seamless infrastructure that gives users the benefits of both.Acquisitions Expose Fundamental ProblemStripe's billion-dollar shopping spree reveals something critical about the current state of crypto infrastructure: it's fragmented, and traditional companies are trying to bolt together solutions that were never designed to work as one.Piecemeal solutions create friction. And payments are just one piece of...