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In Brief SUI increased by approximately 75% in one month, surpassing the $4.00 mark. Investors expect the altcoin to challenge its $5.30 all-time high. Strengthening technical indicators and ecosystem figures support SUI's rally.
In Brief The crypto market is showing similarities to the Dot-Com bubble era. There is a bullish expectation for XRP and SEI with potential price increases. Institutional interest in crypto may support Bitcoin and altcoins' prices.
In Brief Bitcoin price hovers around $103,000, with altcoins slowing due to stock rally loss. Ethereum's gain potential remains high, aligning with many market predictions. Institutional demand for crypto remains significant, focusing on Ethereum's infrastructure.
- 07:25Analyst: Bitcoin's Key Support Level is at $101,600Cryptocurrency analyst ali_charts states that the current key support level for Bitcoin is at $101,600.
- 07:24Telegram Mass Account Ban, Dark Web Market Haowang Guarantee Announces ClosureOn May 13, Telegram conducted a large-scale ban on accounts related to crypto crimes, leading to the dark web market Haowang Guarantee, formerly known as Huione Guarantee, announcing the cessation of operations effective immediately. The platform previously offered services such as cryptocurrency laundering, scam tools, and deepfake software through Telegram, with a total transaction volume reaching $27 billion, primarily using Tether (USDT) for transactions.
- 07:14Singapore High Court Ruling Supports Sonic Labs' Motion to Force Multichain Foundation LiquidationThe Singapore High Court ruled in favor of Sonic Labs' motion to compel the liquidation of Multichain Foundation to recover funds stolen during the 2023 hack. Sonic Labs CEO Michael Kong stated in a declaration on X on May 14 that the team behind Sonic felt they had no choice but to file a lawsuit to force the closure of Multichain due to its former employees being "completely uncooperative."