This morning, I came across some interesting news about Google’s updated site reputation abuse policies. Apparently, they’ve revised their main guidelines with some fresh updates.
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Sui Jumps 15% After Partnership With Trump’s World Liberty Financial (WLFI)
World Liberty Financial (WLFI) is partnering with Sui, adding the token to its “Strategic Reserve.” The two companies plan to work on development opportunities, and Sui’s price has risen 15%.
WLFI is a Trump-affiliated project, but it is completely distinct from the federal government. Its token stockpile may bear a similar name to Trump’s US Crypto Reserve, but investors should be aware that there is no direct connection.
World Liberty Financial to Add SUI In Its Portfolio
Sui, a proof-of-stake network, is currently the 9th largest blockchain in terms of total value locked (TVL). After a successful period at the end of 2024, its token value began sinking in January.
SUI reached an all-time high in early January but has dropped over 50% since then. However, today’s partnership with Donald Trump-affiliated World Liberty Financial has brought back bullish momentum for the altcoin.
“World Liberty Financial has chosen to partner with Sui as their preferred American blockchain. WLFI recognizes what we’ve been building, a blockchain designed for the future of finance that’s fast, secure, and accessible. That’s why our teams are in advanced talks for deeper integration,” claimed Christian Thompson, Sui’s Managing Director.
This partnership will include a few important components. First, WLFI is adding SUI tokens to its treasury as part of the firm’s “Macro Strategy” token reserve.
This is the first step in a broader plan of integration, exploring new development applications. Already, this news has been bullish for Sui, causing a 15% price spike.
Meanwhile, there has been some confusion in the crypto community about what is going on. WLFI is a Trump-affiliated project, and Sui used the phrase “Strategic Reserve” in the headline for its press release and social media.
To be clear, this partnership is completely distinct from Trump’s US Crypto Reserve, which he announced recently.
However, future cooperation here is not completely implausible. Trump wishes to use “Made in USA” crypto projects to fill the Reserve, and Sui certainly qualifies.
If the President ever expands the list of assets in the Reserve, Sui’s cooperation with WLFI may help it make the cut.
At the moment, however, a Sui deal like that is not within WLFI’s power to execute. If the two companies form a solid working relationship, Sui may build its reputation in Trump’s circle, increasing its chances.
Nonetheless, WLFI’s “Strategic Reserve” has nothing to do with the federal government, and investors should be aware. As of today, WLFI’s portfolio includes over 20 different cryptocurrencies. The majority of the holdings are in Ethereum, Wrapped Bitcoin, USDT, Tron’s TRX, and MOVE.
The post Sui Jumps 15% After Partnership With Trump’s World Liberty Financial (WLFI) appeared first on BeInCrypto.
US Dollar Index Climbs 0.42% As Consumer Confidence Rises To 73 In November, Outpacing Forecasts
In a positive turn for the U.S. economy, the University of Michigan’s Consumer Confidence Index surged to 73 in November,…
Hedera (HBAR) Approaches Year-To-Date Low Amid Bearish Indicators
Despite the broader market uptick this week, Hedera’s native token HBAR has bucked the trend, registering a 5% decline over the past seven days.
With bearish momentum building, the HBAR token now risks a return to its year-to-date low.
HBAR Slides Below Key Indicators
HBAR’s decline comes as many top cryptocurrencies post modest gains this week, reflecting its divergence from general market sentiment.
Readings from the HBAR/USD one-day chart suggest that this bearish trend could persist in the short term. For example, as of this writing, HBAR trades below the dots that make up its Parabolic SAR (Stop and Reverse) indicator.
This indicator measures an asset’s price trends and identifies potential entry and exit points. When an asset’s price trades below the SAR, it indicates a downtrend. It suggests the market is in a bearish phase, with the potential for further price dips.
Supporting this bearish outlook, HBAR’s Chaikin Money Flow (CMF) remains in the negative territory, signaling a decline in buying volume and a growing presence of sellers in the market. It currently stands at -0.07.
This key momentum indicator measures money flows into and out of an asset. A negative CMF reading, like HBAR’s, signals that selling pressure dominates the market. This means that more investors are offloading the token than accumulating it, a pattern associated with a weakening price trend.
HBAR Tests 20-Day EMA: Will It Hold or Break Toward $0.12?
The daily chart shows HBAR’s decline has pushed it near the 20-day exponential moving average (EMA). This key moving average measures an asset’s average price over the past 20 trading days, giving weight to recent changes.
When the price falls near the 20-day EMA, it signals a potential support level being tested. However, if the price breaks decisively below the EMA, it may confirm sustained bearish momentum and further downside risk.
Therefore, HBAR’s break below the 20-day EMA could lower its price to its year-to-date low of $0.12.
However, if demand rockets and HBAR bounces off its 20-day EMA, its price could rally above $0.19.
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