Dogecoin App Layer DogeOS Raises $6.9M – Whats New for the Memecoin Ecosystem

Sui price saw a recent recovery after the Cboe BZX Exchange filed to list the first-ever spot SUI ETF in the U.S. The move marks a new step in bringing the SUI token into regulated financial products. The filing was submitted under Form 19b-4 with the U.S. Securities and Exchange Commission (SEC).

At the time of the announcement, the SUI price was trading at $2.02, up 2% after a week of downward pressure. The token had experienced a 20% loss over seven days. This ETF filing, however, brought renewed attention to the asset and lifted its short-term trading activity.

Cboe and Canary Capital Propose SUI ETF With Staking

Canary Capital is seeking approval for a spot exchange-traded fund that tracks the SUI token. The proposed fund will be known as the Canary SUI ETF and will be offered and traded on the Cboe BZX Exchange if registered. For instance, the filing notes that the ETF would enable the fund to invest in SUI a portion of the holdings.

The filing pointed out: “The Sponsor may stake, or cause to be staked, all or a portion of the Trust’s SUI through one or more trusted staking providers.” The staking rewards would, therefore, be considered as income to the trust. However, the fund would not have any stake in future forks or airdrops.

The proposed ETF comes on the heels of Canary Capital establishing a Delaware trust to back an SUI-based fund. The firm filed a registration statement with the SEC in March and then posted the new Form 19b-4 to Cboe BZX.

Canary Capital Previous Filings For ETF 

The Canary SUI ETF proposal has emerged in the wake of the recently approved Spot Bitcoin and Ethereum ETF last year. As for SUI, the Cboe BZX Exchange claimed its approach was the same as prior approvals. It declared that the same techniques will be employed to deter futures market control and protect investors.

“The Exchange believes that the proposal meets the requirements to prevent fraudulent and manipulative acts and practices,” the filing noted. This is a key requirement for ETF approvals under SEC regulations.

Canary Capital is also developing other crypto-related ETF products, including those linked to Litecoin, XRP, Solana, and Hedera. The firm’s Litecoin ETF, listed under the ticker LTCC, already appears on the Depository Trust and Clearing Corporation (DTCC) database. This shows that preparations are ongoing for a broader lineup of crypto investment products.

SUI Price Analysis: Recovery Signals After Sharp Drop

SUI price has been in a clear downtrend since reaching a peak around $2.84 earlier this year. The price has since moved within a descending channel, forming lower highs and lower lows. According to a recent SUI price prediction, key support levels have been identified at $1.80, $1.60, and $1.30.

As of April 8, the price is testing the $2.00 level, which is a key psychological and technical area. A confirmed break above the descending trendline near $2.20 to $2.30 could open a path toward $2.50 and $2.80.

However, if the SUI price fails to hold above $2.00, it may revisit lower support levels. These SUI token support levels include $1.80 and $1.60, both of which have seen previous buying interest.

Analysts are watching for a potential trend reversal pattern. If SUI price forms a higher low and breaks resistance, it may signal a shift to an upward trend. But until a breakout is confirmed, the trend remains technically neutral to bearish.

The post Sui Price Recovers As CBOE Files To List SUI ETF appeared first on CoinGape.

XRP price has shot up nearly 5% in the past 12 hours in response to the US-China trade deal. Apart from Ripple the altcoins and the broader crypto markets are taking off. Bitcoin (BTC) price has surpassed the $97,000 threshold with Ethereum and others up 2%.

Currently, XRP price stands at $2.16, hinting at a potential breakout rally if the bullish sentiments sustain. As the token goes up, let’s explore the bullish factors supporting its upside potential.

XRP Price Nears Channel Breakout as U.S.-China Trade Deal Develops

With a near 2% rise, XRP is at $2.16. However, the bullish trend faces critical resistance from the overhead trend line and the 50 and 100 EMA lines. Furthermore, the MACD and signal lines have recently given a negative crossover. 

With multiple technical setbacks, the short-term surge in bullish momentum must surpass the overhead obstacles to sustain a bullish ride. However, the overnight surge has concluded the four-day downfall streak in the XRP price trend. This increases the possibility of a price jump in XRP.

The sudden reversal and increased bullish sentiments in Ripple’s XRP come before the anticipation of a U.S.-China trade deal meeting in Switzerland.

A Way Ahead in the U.S.-China Trade Deal 

In a recent interview, Scott Bessent, the 79th U.S. Treasury Secretary, revealed a key upcoming discussion between the U.S. and China in Switzerland over the coming weekend. Scott Bessent revealed his plan to visit Switzerland to discuss trade deals with the Swiss. Chinese delegates, presently on a visit to Europe, are willing to discuss a potential way ahead in trade deals. Bessent said, 

“The world has been coming to the U.S., and China has been the missing piece. We will meet on Saturday and Sunday to discuss our shared interests.”

Bessent adds that the current tariffs and trade barriers are unsustainable, but we don’t want to decouple. The treasury secretary further added that tariffs and other barriers are coming down as the world starts to renegotiate. “We are bringing strategic industries back home, from steel to semiconductors to medicine, and Americans will get a better deal.”

With the news, the NASDAQ 100 and S&P 500 registered a near 1% jump despite a weaker opening. This reflects the sudden optimism spike in the US markets. 

China’s MOFCOM Confirms The Meeting in Switzerland

In a news release, China’s Ministry of Commerce, MOFCOM, has confirmed the news that Vice Premier He Lifeng will visit Switzerland. The vice premier will be a Chinese representative for the China-U.S. Economic and Trade Affairs. During his visit to Switzerland, he will meet the U.S. Treasury Secretary Scott Bessent. 

The news release also states, “China has carefully evaluated these messages, taking into full account global expectations, China’s own interests, and the appeals of American businesses and consumers. China has decided to engage with the U.S. side.”

The development in the US-China trade deal discussion has pumped up the US and crypto markets alike. Bitcoin is up by nearly 3%. Similarly, altcoins like Ethereum witnessed more than 1.50%, and it has fueled Ripple’s XRP token surge of 1.85%.

Conclusion

The XRP price surges as the global trade war witnesses the two rivals coming back to talking terms. This could result in a key pivot point for global markets and risk assets like crypto.

The post Why is the XRP Price Up Today? appeared first on CoinGape.

Ethereum price eyes a 250% rally as China’s 34% tariffs on U.S. goods fuel macro uncertainty, driving capital into crypto markets.

Why China’s 34% Tariffs on U.S. Goods Could Propel ETH 250%

Ethereum price traded near $1,820 on Friday, rising 1.6% in a muted performance compared to broader market leaders. While Bitcoin (BTC), Solana (SOL), and XRP all rallied over 3%, ETH lagged behind.

However, China’s 34% tariffs on U.S. imports introduce fresh volatility triggers that could accelerate ETH’s upside momentum.

BTC/Nasdaq Correlation Hits 37-Day Low Amid Trade War Tensions

Markets reacted sharply to China’s unexpected decision to impose 34% tariffs on a broad range of U.S. imports.

Equities dipped in early trading, but crypto assets remained largely resilient.

According to TradingView data, Bitcoin’s correlation with the Nasdaq 100 fell to 0.42, its lowest level since February 25.

Historically, such divergence signals capital rotation. When equities experience trade-related instability, investors often seek alternative hedges, initially favouring Bitcoin.

If momentum continues, ETH price typically follows with steeper gains.

Reallocation Accelerates as Macro Risks Intensify

The current geopolitical backdrop mirrors 2019, when market turbulence from COVID-19 lockdowns led to increased capital inflows into crypto.

With global retaliation measures now escalating following Trump’s tariff rollout, ETH price could soon surpass the $1,900 resistance level and sustain a broader uptrend.

US Fed Rate Pause Could Boost Ethereum’s DeFi Ecosystem

Following the Federal Reserve’s latest policy meeting, another rate pause now seems likely. If traditional savings and treasury yields remain low, investors may shift capital into DeFi for higher returns.

As the leading smart contract platform, Ethereum’s DeFi sector could see rising demand, increasing ETH accumulation.

If additional retaliatory trade measures emerge, alternative assets like ETH may gain further traction.

ETH Price Forecast: Falling Wedge Pattern Hints at a 250% Rally

Ethereum price is forming a falling wedge, a historically bullish pattern suggesting a potential 250% breakout toward $3,200. ETH is testing the wedge’s upper boundary near $1,900, with confirmation requiring a sustained close above this level.

The MACD indicator signals early bullish momentum, with an imminent MACD line crossover. If buyers sustain pressure above VWAP at $1,804, ETH could confirm the wedge breakout and accelerate higher.

However, rejection at $1,900 could invalidate the bullish outlook, exposing ETH to $1,600 support. A breakdown below this level might send prices toward $1,400, aligning with historical support zones.

Ethereum next move depends on Bitcoin’s strength and macroeconomic trends. If ETH breaks out, it could mirror past parabolic rallies, but failure to breach resistance may lead to deeper corrections before a true recovery. Traders should monitor volume and momentum for confirmation.

The post Ethereum Price Prediction: Falling Wedges Pattern hints China tariff tailwinds could lift by ETH 250% appeared first on CoinGape.