Crypto News
Sui Reclaims $3 After Week-Long Rally Sparked by Lion Group’s Treasury Plans
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...
BitMine Trading Halted Twice as Ethereum Treasury Firm Soars
Investors who participated in BitMine’s private placement paid $4.50 per share, but they can’t sell their shares yet.Source link
Bitcoin Steady as Stocks Rally After Upbeat Jobs Report
Stocks surged to record highs once again after positive jobs data sparked a market rally. Bitcoin however, chugged along, mostly flat. Jobs Report Buoys Optimism, Bitcoin Flat As Stocks Surge Market sentiment was positive across the board on Thursday after the U.S. Bureau of Labor Statistics revealed better than expected June employment data. The economySource link
Bitcoin Tax Exemptions May Be Coming After All—In New Senate Bill
Sen. Cynthia Lummis (R-WY) introduced a bill Thursday that would codify many crypto tax perks industry leaders were hoping to include in President Trump’s reconciliation bill.Source link
Asset Managers: Blockchain Can Modernize Your Operations and Reinvigorate Your Product Line
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...