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Strategy, previously MicroStrategy, made another Bitcoin purchase between July 23 and 30, extending the company’s weekly BTC purchase streak, which began in April, to a record 12 weeks. Meanwhile, the MSTR stock is up from its weekly close of $383 last week and is looking to reclaim the $400 level. Strategy Acquires 4,980 BTC for
The post Breaking: Strategy (MSTR) Makes 12th Consecutive Weekly Purchase With $531M Bitcoin Buy appeared first on CoinGape.
YZi Labs (formerly Binance Labs) has announced its investment in Plume Network (PLUME). It is a fully integrated modular blockchain designed for the rapid adoption and integration of real-world assets (RWAs).
The investment marks a significant step in advancing blockchain infrastructure that seamlessly bridges traditional finance with decentralized finance (DeFi), further expanding the Real World Asset Finance (RWAfi) ecosystem.
In a press release shared with BeInCrypto, YZi Labs’ Investment Director Max Coniglio emphasized the strategic importance of the investment. He highlighted Plume’s potential to revolutionize RWA adoption.
“At YZi Labs, we invest in projects that harness blockchain technology to create real-world impact and Plume is a prime example—they are bringing real-world assets on-chain to unlock new capital, expand access, and drive adoption. By making RWAs as seamless as any other digital asset, Plume is bridging traditional finance and DeFi, paving the way for broader adoption,” Coniglio told BeInCrypto.
Notably, Plume Network provides an Ethereum Virtual Machine (EVM)-compatible environment that facilitates onboarding a wide range of assets. These include financial instruments, carbon credits, GPUs, and collectibles. Additionally, it seamlessly integrates these assets into a composable RWAfi ecosystem, enhancing their utility and enabling broader financial interactions.
Through its composable ecosystem, Plume enables users to earn rewards, trade, borrow, lend, swap, and engage in market speculation. By integrating real-world assets on-chain, Plume ensures they are as accessible and user-friendly as traditional crypto tokens.
Meanwhile, Chris Yin, co-founder and CEO of Plume, stressed that the platform aims to address the longstanding infrastructure gap that has hindered the widespread adoption of RWAs in the crypto space.
“Although stablecoins, the original RWA, have successfully proven to onboard new users into crypto, the rest of RWAs have struggled to achieve the same traction. With Plume, asset issuers of all kinds can become Web3 builders, seamlessly connecting to our community, ecosystem, and liquidity,” Yin said.
YZi Labs’ investment comes at a time when RWAs have emerged as one of the fastest-growing sectors in crypto. According to the data from DefiLlama, RWA’s total value locked (TVL) reached an all-time high of $9.9 billion last week.
Moreover, the RWA sector has emerged as the best-performing category over the past year, surging by an impressive 237.2%.
In contrast, the broader crypto market has experienced mixed results, with some sectors suffering deep losses. While Bitcoin (BTC) has gained 22.2% and privacy coins have risen by 28.2%, their growth pales in comparison to the explosive rise of real-world assets. Meanwhile, Ethereum (ETH) has dropped by 47.7%, and the decentralized finance (DeFi) sector has struggled even more with a 55.8% decline.
Despite its strong yearly performance, the RWA has faced a recent pullback. Month-to-date (MTD) sector performance data shows a -12.1% decline, suggesting a correction following its rapid growth. Bitcoin and Ethereum also posted losses, indicating a broader market downturn rather than an RWA-specific issue.
The post Plume Network Lands YZi Labs’ Investment Amid Unprecedented RWA Growth appeared first on BeInCrypto.
SUI has recently seen a 12% rise in the past 24 hours, bringing back some investor confidence. However, this price increase could prove disastrous for traders, as it may trigger significant liquidations if the altcoin reaches a key price level.
The recent rally is a double-edged sword with potential consequences for short traders.
According to liquidation data, SUI faces a potential $96 million worth of liquidations if its price hits $3.48. This would primarily impact short traders, who have positioned themselves for a price decline.
Should SUI rise towards this critical level, short contracts would be liquidated, forcing traders to cover their positions and further propelling the price increase.
This potential liquidation event highlights the volatility of SUI and the risks involved for traders who are betting against it. With a surge in price, short traders might be forced to exit their positions, inadvertently fueling the uptrend.
As a result, this scenario could exacerbate the price rally, putting both short and long traders at the mercy of unpredictable price movements.
Despite the recent 12% rise, the Chaikin Money Flow (CMF) indicates a decline, signaling a lack of investment inflows. The CMF is currently showing negative momentum, suggesting that investors are not fully backing SUI’s price rise.
The recent gains appear to be driven more by short covering rather than a broad-based surge in buying interest.
Should the outflows continue, SUI’s price could face additional pressure. The lack of strong buying support, coupled with the decline in CMF, suggests that the recent rally may not be sustainable.
If these outflows persist, they could lead to a price reversal, diminishing the optimism generated by the recent gains.
At the time of writing, SUI is trading at $3.27, having risen by 12% in the last 24 hours. The price is currently facing resistance at $3.33, which has proven to be a significant barrier in the past.
Given the ongoing outflows, it seems unlikely that SUI will break through this resistance level in the near term.
If SUI fails to breach the $3.33 resistance, it could retrace to lower levels, such as $3.13 or $2.91, wiping out the recent gains. This would mark a continuation of the consolidation phase, as the lack of strong buying pressure prevents further upward movement.
However, the Parabolic SAR indicator is approaching a key level, with a potential flip below the candlesticks that could signal the start of an uptrend.
If SUI successfully breaks through $3.33, the price could rise to $3.48. A breach of this level would invalidate the bearish outlook, triggering a wave of liquidations on short positions and further boosting the price.
The post SUI will Trigger a $96 Million Liquidation if Price Reaches This Level appeared first on BeInCrypto.
Coinbase is planning to launch tokenized stocks and prediction markets trading on its platform. This move will turn it into a total financial markets exchange but based on blockchain technology. The firm also purchased 2,509 BTC in Q2 2025 to boost its Bitcoin treasury. Coinbase Expands Into Tokenized Assets Amid Pro-Crypto Shift in U.S. Policy
The post Coinbase to Offer Tokenized Stocks and Prediction Markets in U.S. appeared first on CoinGape.