The SUI price is showing signs of a breakout as cryptocurrency ETP provider 21Shares made a major announcement regarding a SUI ETF. The company’s latest filing with the Securities and Exchange Commission (SEC) for an SUI exchange-traded fund in the United States has pushed the coin’s price high today.
21Shares files for SUI ETF amid US expansion
According to the company’s announcement, this filing is “a first step in expanding exchange-traded access to SUI.” The news comes alongside a newly formed partnership between 21Shares and the Sui blockchain network. Institutional interest is driving the expansion of the Layer-1 protocol’s global reach.
21Shares has formed a partnership with the Sui blockchain network while simultaneously filing for a SUI ETF with the SEC. The Switzerland-based company, headquartered in Zurich, is expanding its focus to the U.S. market after building an extensive suite of digital asset services across Europe.
We’ve filed with the SEC for a SUI ETF in the U.S. — a first step in expanding exchange-traded access to SUI.@SuiNetworkhttps://t.co/06X49EaiFN
Materials provided herein are intended solely for educational purposes only. These materials should not be construed as… pic.twitter.com/dgFpgybwSZ
“Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the industry, and we’re seeing that thesis play out,” said Duncan Moir, President of 21Shares. The company stated that its decision to pursue Sui products is based on both conviction in the technology and growing investor demand.
The partnership will include product collaborations, research reports, and other initiatives designed to increase accessibility to the Sui ecosystem. Kevin Boon, President at Mysten Labs, the original contributor to Sui, stated that “Sui was designed to become the global coordination layer for digital assets.”
SUI price eyes breakout at key resistance level
The SUI price has shown strong price performance amid the ETF filing news, with an 11% surge in the last 24 hours. This recent jump adds to its 56% gain over the past 30 days and approximately 230% increase over the last year.
Technical analysis from crypto analyst Ted suggests SUI is approaching a critical price point. He mentioned that SUI is approaching a key resistance level. Ted said that the $3.8-$4 zone was rejected last time, and it is now attempting another breakout.
If SUI successfully breaks above the $4 mark, Ted suggests it “could soon hit a new ATH.” The price chart shows an upward trendline that has been supporting the price since late April. CoinGape has also released its price prediction for SUI, which shows a 49% bullish prediction.
Gemini Space Station, Inc., a well established cryptocurrency exchange by the Winklevoss brothers, has filed for a confidential Initial Public Offering (IPO) with the United States Securities and Exchange Commission (SEC). According to the announcement on June 6, 2025, Gemini submitted a draft registration statement in Form S-1 with the SEC to offer its Class A common stock.
However, since the Gemini filing was confidential, the details regarding the number of shares of Class A common stock to be sold remain unknown. Moreover, the Gemini IPO is expected to take place after the SEC completes the review process.
Gemini IPO Confirms Crypto Season
The filing of the Gemini IPO follows its recent legal settlement with the Commodity Futures Trading Commission (CFTC), which resulted in a $5 million settlement from the crypto exchange. Additionally, the U.S. SEC closed its investigations on Gemini, which gave the company confidence to file for an IPO.
The Gemini IPO coincides with the recently closed Circle Internet Group Inc. (NYSE: CRCL), which currently has a market cap of about $15 billion. More crypto IPOs are expected in the coming quarters, with Wall Street expecting Kraken, Bullish, and BitGo exchanges soon.
Market Impact
The notable filings of IPOs by crypto-related firms in the recent past solidifies the mainstream adoption of blockchain technology and digital assets. With the U.S. SEC likely to approve the Gemini IPO, especially following the recent move on the Circle deal, more crypto related companies are likely to move in the same direction.
Consequently, it is safe to assume more crypto bull markets will happen in the coming years catalyzed by institutional cash and clear crypto regulatory frameworks.
The post Gemini Takes Step Toward IPO in Confidential Filing: Crypto IPOs Heat Up appeared first on Coinpedia Fintech News
Gemini Space Station, Inc., a well established cryptocurrency exchange by the Winklevoss brothers, has filed for a confidential Initial Public Offering (IPO) with the United States Securities and Exchange Commission (SEC). According to the announcement on June 6, 2025, Gemini submitted a draft registration statement in Form S-1 with the SEC to offer its Class …
Stablecoins have cemented their role in the digital finance revolution as one of the stabilizing forces in the crypto market. These are pegged to stable reserves like fiat currencies, for instance, the US dollar, which helps minimize price fluctuations.
Welcome to Coinpedia’s H1 2025 report. This analysis contains a comprehensive examination of the stablecoin sector from authentic sources.
This report showcases the information needed for market participants and enthusiasts to make well-informed decisions and identify opportunities.
Keep reading to know more.
Stablecoin Market Cap ATH: Prediction Rises to $2 Trillion
The first half of 2025 marked a historic moment, with the total stablecoin market cap hitting an all-time high of $251.55 billion, up from $204 billion on January 2. This growth pushed stablecoins’ share of the total crypto market cap from 7.9% to 8.9%, reflecting increased investor confidence and usage.
Source: IntoTheBlock
Despite the ATH market cap, the optimism has not subsided one bit; in fact, it has turned more intense with US Treasury Secretary Scott Bessent’s forecast of flipping $2 trillion by the end of 2028.
Under a more advanced prediction, analysts from Citigroup have also estimated that the market cap could reach as high as $3.7 trillion by 2030. This shows high expectations for growth and displays how opportunistic this sector has become, supported by analysis from major financial institutions.
Market Composition and Dominance
According to DeFiLlama, there are now 264 stablecoins, out of which 162 have a market cap above $1 million. Tether (USDT) continues to dominate the market, with USDC emerging as a strong second.
Stablecoin
Dec 2024 Cap ($B)
Jun 2025 Cap ($B)
Dec 2024 Dominance (%)
June 2025 Dominance (%)
USDT
138
154
71.06
65.64
USDC
41
61
21.52
26.02
USDe
5.5
5.78
2.87
2.46
DAI
3.4
3.65
1.77
1.55
FDUSD
1.9
1.57
0.99
0.67
FRAX
0.64
0.31
0.33
0.13
TUSD
0.497
0.494
0.26
0.21
PYUSD
0.51
0.975
0.26
0.42
RLUSD
0.03
0.366
0.02
0.16
Notably, USDT’s dominance has declined slightly, while USDC’s share has grown steadily. PYUSD and RLUSD showed positive movement, indicating growing investor interest in newer stables.
Exchange Activity and On-chain Signals
Exchange flows remained high throughout the first half of 2025. Net inflows were consistent, indicating strong demand. On-chain volume also rose sharply, from $982 billion to $1.394 trillion by May. Additionally, active stablecoin wallet addresses saw a steep rise, signaling a steady influx of users.
Source: IntoTheBlock
Blockchain Preferences by Stablecoin
A look into chain dominance reveals strong preferences among leading stablecoins:
Stablecoin
Top Chain (%)
Rest (%)
USDT
Tron (50.11%)
Ethereum (40.44%)
USDC
Ethereum (61.58%)
Solana (13.29%)
USDe
Ethereum (96.92%)
others
DAI
Ethereum (87.62%)
others
FDUSD
Ethereum (80.38%)
Solana (8.28%)
RLUSD
Ethereum (83.76%)
XRPL (16.24%)
FRAX
Ethereum (48.77%)
Fraxtal (32.85%)
Clearly, Ethereum remains the central hub for stablecoins, with TRON and Solana gaining notable activity.
Institutional and Corporate Adoption
Meanwhile, the regulatory environment became a catalyst. The GENIUS Act, up for Senate vote on June 17, could reshape the stablecoin landscape. It requires stablecoins to be backed by U.S. dollars or highly liquid assets and enforces annual audits for those over $50 billion in market value.
President Trump’s vocal support for the bill is expected to bolster the dollar’s strength in digital finance. The Trump administration is clearly orchestrating based on a pre-planned long-term strategy, to preserve the supremacy of the dollar amid geopolitical challenges.
Similarly, this bill would clearly change the stablecoin domain, as issuing stablecoins wouldn’t be an exclusive luxury limited to financial tech companies like Circle and Tether. But Santander and Société Générale have entered, raising the hype with a new generation of bank-issued stablecoins.
At the same time, traditional institutions joined the race. Bank of America is fast-tracking its own stablecoin project, awaiting the regulatory green light.
On the corporate front, Circle, the firm behind USDC stablecoin, enjoyed the growing stablecoin market with its latest move this H1 2025 as it went public. Its shares jumped 235% on day one, clearly indicating the strong adoption.
Furthermore, companies like Amazon, Walmart, and Expedia are said to be exploring blockchains and the crypto sector for launching their own stablecoins, possibly to cut card processing fees and streamline payments.
TRON and New Entrants
Apart from giant Ethereum, TRON continues to be a key blockchain for stablecoins. In a major milestone, recently, Justin Sun confirmed that World Liberty Financial Inc. (WLFI) minted its USD1 stablecoin on TRON. Such launches underscore the growing shift toward blockchain-native financial tools.
#TRON has announced the first minting of the USD1 stablecoin on the TRON blockchain. @worldlibertyfi’s strategic decision to mint USD1 on TRON signals a growing trust in the network’s robust infrastructure and demonstrates increasing institutional confidence in TRON’s ability… pic.twitter.com/vHg1vXKeSJ
Moreover, Issuers like Tether are also seeing financial rewards. Recently, Tether reported over $1 billion in Q1 2025 profits, largely from U.S. Treasury yields tied to reserve assets.
End Note: The Stablecoin Era Strengthens
The first half of 2025 showcased a new phase of stablecoin evolution. From rising volumes and dominance shifts to wider institutional use and legislative support. Now, stablecoins are clearly on the path to becoming foundational elements of the global financial system.
As the year continues, the outcome of the GENIUS Act and further corporate moves could define the next leap forward for digital dollars.
Moreover, per the dominance perspective, Tether (USDT) and Circle (USDC) continue to dominate the market, where Ethereum remains the central hub for major stablecoins, while TRON and Solana are also increasing as stablecoin launchpads.
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The post Stablecoin Performace in 2025 Jan To June appeared first on Coinpedia Fintech News
Stablecoins have cemented their role in the digital finance revolution as one of the stabilizing forces in the crypto market. These are pegged to stable reserves like fiat currencies, for instance, the US dollar, which helps minimize price fluctuations. Welcome to Coinpedia’s H1 2025 report. This analysis contains a comprehensive examination of the stablecoin sector …
Bitcoin’s price has left many investors confused after it dropped below $84,000. Despite strong bullish factors over the past week, its recent price movement is far from the high expectations set by analysts following the announcement of the Strategic Bitcoin Reserve.
Bitcoin Drops Over 6%
Bitcoin is currently trading at $80,909, down over 6% in the past day. Bitcoin has dropped 3.37% over the past week, with trading volumes down 53%. Despite the declining figures, Bitcoin whales are actively buying, accumulating more than 22,000 BTC in just three days.
Despite a week full of positive news, including the signing of an executive order for a Strategic Bitcoin Reserve, a Crypto Summit at the White House, and encouraging statements from the OCC, Bitcoin’s price is unexpectedly falling and could drop below $80K.
The Out-of-sync Price Action!
On March 7, President Trump signed an executive order to use seized Bitcoin rather than purchasing it from the market. This move caused Bitcoin’s price to drop over 6%, from $90,400 to $84,979. “The knee-jerk reaction lower likely stems from the realization that no actual budget has been allocated for BTC purchases in the near term,” QCP Capital shared in a recent note.
However, it also noted that while this wasn’t the bullish catalyst as many expected, it’s still positive for crypto. The risk of random Silkroad BTC sales disrupting the market is gone, and the U.S. government has reaffirmed its commitment to a long-term crypto strategy, it noted.
An analyst expressed surprise, saying that in his 8 years with Bitcoin, he never saw the price action so out of sync with the news. This week was one of the most bullish in Bitcoin’s history, yet the market is facing decline.
What is Causing The Drop?
Several factors are behind Bitcoin’s recent price drop. Macroeconomic issues, like new tariffs from the US, have sparked sell-offs in Bitcoin and other cryptocurrencies. Besides, the release of the non-farm payrolls (NFP) report on Friday suggests that the Federal Reserve might tighten monetary policy, which could hurt Bitcoin’s price.
Experts noted that while the executive order for a Strategic Bitcoin Reserve and the Crypto Summit were positive, the lack of concrete policies might have cooled investor enthusiasm. Besides, Bitcoin’s decline is also dragging altcoins down, with ETH, XRP, and BNB losing over 6%, 6% and 4% respectively in the last 24 hours.
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Bitcoin’s price has left many investors confused after it dropped below $84,000. Despite strong bullish factors over the past week, its recent price movement is far from the high expectations set by analysts following the announcement of the Strategic Bitcoin Reserve. Bitcoin Drops Over 6% Bitcoin is currently trading at $80,909, down over 6% in …
