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Bitcoin price is struggling today, despite the bullishness and greed in the crypto market. It hit multiple ATHs in the last few days, but the BTC price crashed 5% today due to investors’ changing sentiments. Notably, this is expected to some extent, as the token reached such a high milestone of $123k, which has never
The post Here’s Why Bitcoin Price is Going Down appeared first on CoinGape.
Since Binance listed USD1, the stablecoin’s transaction volume has increased tenfold. BNB Chain is also supporting USD1, onboarding new on-chain partners to promote ecosystem utility.
World Liberty Financial (WLFI) is also taking steps to bring USD1 closer to meme coin traders. Still, there are lingering concerns about the stablecoin’s extreme level of token centralization.
President Trump is engaged in several crypto ventures, and the USD1 stablecoin has been attracting a lot of interest lately. The Binance listing in late May immediately boosted trade volume, but the full significance didn’t immediately materialize.
However, a new report from Kaiko shows just how far USD1 transaction levels have increased in recent weeks:
Clearly, despite a few controversies, World Liberty Financial’s stablecoin is doing quite well. Since the Binance listing, WLFI introduced USD1 restaking, and that’s not the only measure to enhance activity.
BNB Chain has been taking several measures to boost USD1’s transaction volumes, and it described a few of them today.
$USD1 (@worldlibertyfi) is gaining momentum on BNB Chain!
From top CEXs and wallets to onchain apps, more partners are joining the movement to support fast, gas-free stablecoin transfers
pic.twitter.com/j9vxHWVBlp
— BNB Chain (@BNBCHAIN) June 3, 2025
This active support from BNB Chain shows Binance’s sustained interest in USD1. By onboarding diverse on-chain partners like wallets, CEXs, and on-chain apps, the firm is helping World Liberty pursue its ambition of creating an important payment stablecoin.
This may signal increased affinity between the two firms in the future.
WLFI, of course, has also been launching initiatives of its own. The firm recently promoted meme coin trading with USD1 on PancakeSwap, further incentivizing users to keep this transaction activity elevated.
By integrating USD1 with the meme coin sector, it’ll increase traders’ exposure to this growing stablecoin project.
Currently, WLFI has more than enough supply to support these transactions; USD1’s market cap is over $2 billion. Still, the firm has attracted some criticism about its tokenomics.
Specifically, it is extremely centralized. More than 93% of USD1’s market cap is held by three wallets, a truly staggering level of concentration.
Still, all things considered, things are looking reasonably bullish. WLFI has already teased major airdrops, which would give the firm an opportunity to reduce this centralization.
If USD1 transaction volumes keep climbing at this rate, it could become a major player in the broader stablecoin ecosystem.
The post USD1 Transactions Surge 10x, But Supply Remains Highly Concentrated appeared first on BeInCrypto.
Sui Network (SUI) has hit a new milestone, with its total value locked (TVL) surging to new highs of over $2.1 billion.
This explosive growth is due to strong stablecoin inflows and heightened market momentum fueled by its recent partnership with tech giant Microsoft.
Data on DefiLlama shows Sui TVL stood at $2.107 billion as of this writing. It is up by over 104% since its yearly lows of $1.031 billion recorded in March, with the growth signaling increasing user participation, market confidence, protocol growth, and liquidity.
In the same way, data on Artemis shows that on Tuesday, the Sui Network led all blockchains in stablecoin inflows over the past 24 hours. Specifically, the total stablecoin supply on the network exceeded the $1 billion mark.
“Sui Network tops the charts with $148 million net stablecoin inflows in the past 24hrs,” wrote Adeniyi Abiodun, Mysten Labs co-founder and CPO, in a Tuesday post.
Mysten Labs is the creator of the Sui blockchain, a Layer 1 platform focused on high throughput and low latency.
Meanwhile, the volume of weekly decentralized exchange (DEX) has also reached new highs. This suggests a sharp uptick in user activity and liquidity across the Sui ecosystem.
“Sui hits new all-time high in weekly DEX volume,” on-chain analyst ToreroRomero observed in a post.
A broader narrative of enterprise adoption underpins this bullish market structure. During Microsoft’s Build conference, Sui was named one of the first blockchains to integrate with Microsoft Fabric via data indexing platform Space and Time.
This integration enables Microsoft’s vast developer ecosystem to access Sui’s full-chain history in real-time. The move paves the way for a new wave of institutional-grade blockchain applications.
“Just announced at MSBuild: Space and Time indexed blockchain data will be integrated with Microsoft Fabric. As part of the integration, Microsoft developers will be able to access Space and Time indexed data from Bitcoin, Sui Network, and Ethereum through Fabric,” said Space and Time in a statement.
MySten Labs executive Adeniyi Abiodun emphasized the long-term vision, projecting Sui blockchain’s growth in the next five years.
“Mark my words, by 2030, in-game ownership will be baked into every major game out there and Sui Network will be the backbone making it all happen,” Abiodun predicted.
Technical market signals also reflect the bullish fundamentals. According to Rose Premium Signals, SUI’s price action remains strong despite a current pullback.
“Sui is holding its Inverse Head & Shoulders breakout. After breaking the neckline around $3.65–$3.75, the price pushed up to $3.94 and is now pulling back, retesting the breakout zone….Targets remain: 1st Target: $4.76, 2nd Target: $5.67. Holding above $3.65–$3.70 confirms strength,” they wrote on X.
At the time of writing, SUI is trading around $3.87, down by 0.22% in the last 24 hours. According to the analysts, however, a drop below $3.60 could invalidate the pattern, but for now, sentiment remains decisively positive.
Investor interest in Sui continues to grow, with notable figures such as macro investor Raoul Pal stating that over 70% of his portfolio is currently allocated to Sui.
With surging TVL, institutional-grade partnerships, and accelerating developer adoption, Sui appears well-positioned for continued expansion.
The post SUI TVL Rises as Microsoft Integration Sparks Institutional Momentum appeared first on BeInCrypto.
The post Pi Network News Today: New DApps, New Momentum: Pi Network Gears Up Ahead of Consensus 2025 appeared first on Coinpedia Fintech News
With Consensus 2025 just weeks away, new Pi Core Team (PCT) updates are drawing attention from the Pi Network community. The team has officially approved a new decentralized app (DApp) called Fruity Pi, and according to community member DR Altcoin, DApps and long-awaited KYB approvals might speed up.
Fruity Pi is a puzzle game where players match fruits and earn rewards. Users can also link their Pi wallets and spend Pi tokens in the game. The Pi Core Team has given it a purple check mark, which means the app has been reviewed and approved.
This approval is a big step, as only verified apps are allowed to fully launch and grow within the Pi ecosystem. DR Altcoin believes this move could speed up other pending approvals and finally kickstart delayed KYB (Know Your Business) checks—an important requirement for businesses to launch services on Pi.
These updates are happening just before the major Consensus 2025 summit in Toronto. This is one of the biggest events in the crypto space, and many expect the Pi Core Team to be present. With a new DApp approved and a possible wave of more approvals coming, Pi Network might be preparing to show its progress on a global stage.
Despite recent progress in the Pi ecosystem, Pi Coin is still facing problems getting listed on major exchanges. HTX was the first to list Pi after its mainnet launch in February 2025, but later removed it. Now, crypto payment service Banxa has also stopped supporting Pi Coin.
Even BitMart, which once supported Pi, has paused trading for more than a month, waiting for KYB approvals before moving forward with the 1:1 Pi swap. Meanwhile, top exchanges like Binance and Coinbase have not shown any signs of supporting Pi Coin.
Pi Coin is facing increasing bearish sentiment, despite the overall crypto market doing well. Pi Coin price today is trading at $0.65. It has stayed in a tight range between $0.60 and $0.68 over the past two weeks. While there’s been a small price increase in the last 24 hours, the RSI (Relative Strength Index) has dropped below 50, suggesting there’s still pressure on the price.
Yes, Fruity Pi allows players to link their Pi wallets, earn rewards, and spend Pi tokens within the game.
With Consensus 2025 approaching, the Pi Core Team may reveal new DApp approvals, KYB updates, and ecosystem progress.
There’s no official timeline yet. Exchange listings likely depend on KYB approvals and Pi Network’s mainnet readiness.
Pi Coin is still in early development with limited exchange access, so it’s best to watch for updates before making a move.
The post Pi Network News Today: New DApps, New Momentum: Pi Network Gears Up Ahead of Consensus 2025 appeared first on Coinpedia Fintech News
With Consensus 2025 just weeks away, new Pi Core Team (PCT) updates are drawing attention from the Pi Network community. The team has officially approved a new decentralized app (DApp) called Fruity Pi, and according to community member DR Altcoin, DApps and long-awaited KYB approvals might speed up. What is Fruity Pi? Fruity Pi is …