The Sui network has attracted significant investment from institutional investors seeking to capitalize on its growing popularity.
SUI price has already broken out of a multi-week falling trend and is aiming for a new ATH soon.
Since the beginning of this week, the Sui (SUI) price has rallied more than 55 percent to trade at about $3.29 on Thursday, April 24 during the late North American trading session. The large-cap altcoin, with a fully diluted valuation of about $32.8 billion and a 24-hour average trading volume of around $3 billion, led the top 20 crypto assets in bullish sentiment following today’s 11 percent gain.
In the past 24 hours, Sui’s Futures Open Interest (OI) surged 21 percent to hover about $1.29 billion, up from $491 million on March 11. As a result of the heightened volatility, more than $12.88 million was liquidated from Sui’s leveraged market.
Sui Network Growth Outlook
The Sui network has experienced explosive growth in the past few months, catalyzed by rising demand for institutional investors. As of this writing, the Sui network had a total value locked of about $1.45 billion and a stablecoins market cap of around $865 million.
In the past 24 hours, the Sui network has announced several strategic investments by institutional investors led by Space and Time and Grayscale Investments.
Earlier on Thursday, the Sui Network announced the launch of the Sui Mastercard, in collaboration with the xPortal crypto wallet.
Sui Mastercard? @xPortalApp is making that happen AND bringing their 2.5M-user wallet to Sui!
In their app, you can: → Spend SUI with a Sui-branded virtual Mastercard → Custom wallet UI that reps your favorite chain → Built-in access to NFTs, dApps, staking, and more →… pic.twitter.com/o1gY4QrTZc
As the wider altcoin market signals bullish sentiment following the Bitcoin price pump above $93k, the SUI price has already signaled bullish sentiment.
In the daily timeframe, SUI’s MACD indicator has already crossed above the signal line, thus suggesting the buyers are in control. Additionally, the daily Relative Strength Index (RSI) has already crossed the 70 percent level, suggesting the onset of a parabolic rally.
Shytoshi Kusama, the leader of Shiba Inu, has been quiet for nearly three weeks. But now, he’s back with a short, mysterious message, “Next week let’s go back to it, can we?” This has made the SHIB community excited, thinking something big might be coming, maybe even a rise in SHIB’s price.
But not everything is looking good. SHIB’s burn rate has dropped to one of its lowest points recently.
Shytoshi Drops a Cryptic Message
Shiba Inu’s main developer, Shytoshi Kusama, has finally broken his silence after three weeks. He posted a short message on Telegram saying:
“Next week, let’s get back to it, can we?”
That’s all he said, no extra info. But what caught people’s attention was the image he shared with it. It showed a mysterious hooded figure surfing a giant wave. The picture, along with his words, quickly got SHIB fans excited and curious.
Things took off when SHIB’s marketing expert Lucie shared the post on X.
Her fun comment hinted that something might be happening behind the scenes. This made fans start guessing what could be coming next for SHIB.
SHIB Burn Rate Falls Sharply
The Shiba Inu community is known for regularly burning SHIB tokens to help reduce supply. But in the past 24 hours, there’s been a huge slowdown. Only 847,698 SHIB tokens were burned, a drop of 98.64% compared to usual daily burns.
That’s a big change for a project where millions or even billions of tokens are often burned every single day. Meanwhile, this sudden drop has surprised many in the community.
Shiba Inu Price to Hit $0.000015 Level
In the past 24 hours, Shiba Inu price has increased by 1%, and it’s now trading at $0.00001176, with a market cap hitting $6.91 billion.
Looking at the daily chart, SHIB has formed a small inverse head and shoulders pattern, which is often seen as a bullish sign, meaning a possible price increase could be on the way. If buyers step in, they may push the price toward the next big target of $0.000015.
As of now, SHIB is also getting close to an important resistance zone. Bulls are trying to push the price above the 50-day simple moving average (SMA) at $0.00001279.
On the other hand, if the price faces selling pressure again, strong support is expected near the $0.00001 level.
The post Shytoshi Kusama Breaks Silence After 3 Weeks — Burn Rate Hit Low! appeared first on Coinpedia Fintech News
Shytoshi Kusama, the leader of Shiba Inu, has been quiet for nearly three weeks. But now, he’s back with a short, mysterious message, “Next week let’s go back to it, can we?” This has made the SHIB community excited, thinking something big might be coming, maybe even a rise in SHIB’s price. But not everything …
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.]
Grab a coffee as we delve into market sentiment about XRP ETFs (exchange-traded funds) in the US. As prospects for this financial instrument continue to grow, experts have weighed in on the possible impact on Ripple’s XRP token.
Crypto News of the Day: XRP ETF Inflows to Reach $8.3 Billion, Standard Chartered Predicts
There has been much chatter this week in crypto about XRP ETFs, ranging from false rumors and reports to delays in key decisions. However, one thing appears certain: the conversation is growing more than ever.
In a recent US Crypto News publication, ETF analyst Eric Balchunas indicated they have raised their odds to 85%. Based on this, analysts offer diverging outlooks on how such a product might perform.
“XRP price could rise to $12.23 or $22.20 after ETF Approval if XRP ETFs Get 15% to 30% of Bitcoin ETF Inflows,” a popular account on X shared.
BeInCrypto data shows that XRP was trading for $2.22 as of this writing, down by almost 1% in the last 24 hours.
Against this backdrop, BeInCrypto contacted Standard Chartered for a commentary. The bank’s head of digital assets research, Geoff Kendrick, said it was challenging to predict precise inflow figures.
However, he indicated that comparative data from Europe could provide some guidance.
“The amount of eventual inflows to XRP ETFs is difficult to estimate. However, Bitwise has listed ETPs in Germany for XRP, Solana, Litecoin, BTC, and ETH, which may provide an apples-for-apples comparison,” Kendrick told BeInCrypto.
Drawing on his prediction of how an XRP ETF could perform and the associated impact on XRP price, Kendrick compared Bitcoin, Ethereum, and other altcoins.
Citing Bitwise data, the Standard Chartered executive noted that altcoins garner a larger percentage of ETP (exchange-traded product) net asset value (NAV) as a percentage of coin market capitalization than Bitcoin and Ethereum.
However, he acknowledged that this could be because fewer ETPs are available for altcoins. Kendrick added that NAV-to-market-cap ratios from already approved US spot ETFs provide a useful benchmark.
Based on these assessments, Geoff Kendrick projected that a US-listed spot XRP ETF could attract as much as $8.3 billion in inflows within its first year.
“Of the US spot ETFs approved so far, NAV as a percentage of market cap is 3% for Ethereum and just under 6% for Bitcoin. At current XRP market cap, that would imply a range of $4.4 billion to $8.3 billion as a future total NAV measure for an XRP ETF, which seems like a reasonable target range for inflows in the first 12 months,” Kendrick added.
Kendrick Sees Ripple Price at $8, Bitfinex Analysts Question Investor Interest for XRP ETFs
The Standard Chartered executive said he expects XRP price gains to keep pace with Bitcoin price growth targets.
He forecasted the Ripple price to rise to $8 by 2026, contingent on spot XRP ETF approvals in the US. This would constitute a 260% surge above the current price of $2.22.
“In real terms, XRP inflation is currently 6%, versus 0.8% for Bitcoin. As such, we target the XRP-USD price levels of $5.50 at end-2025, $8.00 at end-2026, $10.40 at end-2027, $12.50 at end-2028 and $12.25 at end-2029,” Kendrick explained.
Meanwhile, analysts at Bitfinex caution against optimism, saying that investor interest in a US-based spot XRP ETF may not match that witnessed in Bitcoin ETFs.
“We expect limited inflows into an XRP ETF as some investors may choose to broaden their exposure across available crypto ETFs. However it is unlikely to see the level of flows experienced by Bitcoin,” Bitfinex analysts told BeInCrypto.
The contrasting assessments reflect broader uncertainty over how altcoin ETFs might perform in a regulated US market.
Bitcoin’s dominance and changing regulatory attitudes toward digital assets still heavily influence the crypto market in the US.
So far, Grayscale, Wisdom Tree, Bitwise, Canary, and 21Shares have filed for XRP ETF approvals with the SEC. Bitwise’s application received official acknowledgment on February 18, triggering several timelines for approving, denying, or extending the application.
The final deadline is October 12, 240 days after official receipt. This date is equivalent to the ‘final deadline’ of January 10, 2024, for BTC ETF approvals, the day they were approved.
However, with other applications beyond XRP ETF pending approval, including Solana and Litecoin, Kendrick noted that other applications in the pipeline could affect the timeline for XRP ETF approval.
“Litecoin seems most likely to progress the fastest, providing early insight into how the new SEC leadership will treat altcoin ETFs,” Kendrick said.
As a hard fork of Bitcoin, Litecoin could already be viewed by the SEC as a commodity rather than a security. According to Kendrick, its similarity to Bitcoin may make it conceptually easier for investors to understand.
“We expect a wave of cryptocurrency ETFs next year, albeit not all at once. First out is likely the BTC + ETH combo ETFs, then probably Litecoin (because it is a fork of BTC, [therefore it’s a] commodity), then HBAR (because it’s not labeled security), and then XRP/Solana (which have been labeled securities in pending lawsuits),” Balchunas stated.
Cooking? 
