The layer 1 blockchain Sui has garnered substantial investor optimism recently as it led the broader market gains with a price rally of nearly 70% in a week. On-chain metrics have indicated that the crypto’s price rally came against the backdrop of robust stats regarding the TVL, DEX Volume, and stablecoin growth on the network. Mentioned below are some of these key factors that appear to be driving the current price rally.
Sui Token Price Rallies Over 70% Weekly; A Brief Breakdown
SUI coin’s price is trading at $3.55 as of press time, marking gains worth over 17% intraday. Besides, the weekly price chart for the crypto showcased gains worth 69%. This bullish trajectory comes riding the back of a stockpile of optimistic market statistics.
Lookonchain’s data suggested that the crypto’s TVL, DEX volume, and stablecoin growth primarily contributed to the recent price upswing. Particularly, the network’s TVL increased by 38% over the week while surging nearly 7% in a day to reach $1.641 billion.
On the other hand, the 24-hour DEX volume saw a staggering 177% increase from last week, now resting at the $599 million mark. Meanwhile, stablecoins on Sui also witnessed robust growth over the past two months, zooming past from $482 million to $879 million and marking an 82% increase.
Bottom line? Recent on-chain stats indicated that the DeFi ecosystem is heating up, and market participants are gushing into the network. This chronicle potentially brings more users and locked assets to the ecosystem, thereby raising trading activity and liquidity while also ushering in growth.
It’s also worth keeping in consideration that the phenomenal stablecoin growth within the network further highlighted increased capital inflows. As a result, SUI token’s price rallied nearly 70% over the week, undermining major cryptos in the interim and leveraging market support.
Meanwhile, Bitcoin (BTC) price surged nearly 10% in the past seven days, closing in at $93K. Other major league altcoins like ETH, XRP, and SOL also gained 6%-14% over the week, with their gains comparatively lesser than L1 crypto mentioned above.
Besides, Coinglass data has further underlined burgeoning market interest in the L1 coin. SUI price rose alongside a 24% surge in its futures OI to $1.51 billion. Moreover, the crypto’s derivatives market volume saw a 37% increase to $10.90 billion.
In turn, market watchers are now eagerly eyeing the crypto, anticipating a sustained price rally amid bullish market dynamics. A recent report by CoinGape added that SUI token could rally to $10, citing bullish price chart formations.
Two of China’s biggest tech firms, JD.com and Alibaba’s Ant Group, are urging the country’s central bank to allow a yuan-based stablecoin to launch in Hong Kong, sources told Reuters.
The goal? Push back against the rising dominance of U.S. dollar stablecoins like USDT and bring the Chinese yuan into the digital payments race.
Things are heating up. Read on to know more.
China’s Big Players Are Making Their Move
JD.com and Ant Group are reportedly in talks with the People’s Bank of China (PBOC), calling for the approval of a yuan-pegged stablecoin outside the mainland. Both companies already have plans to issue HKD-backed stablecoins once Hong Kong’s new crypto rules kick in on August 1.
But they say that’s not enough. Since the Hong Kong dollar is tied to the U.S. dollar, it does little to promote the yuan internationally, something Beijing has been aiming for over the last decade.
JD.com has made it clear in closed-door discussions that an offshore yuan stablecoin is needed urgently to support the currency’s global use, especially as dollar-backed digital assets continue to dominate.
USDT Is Winning the Digital Trade Game
There’s no denying it: the dollar is miles ahead in the stablecoin space. According to the Bank for International Settlements, over 99% of all stablecoins in circulation are backed by the U.S. dollar.
Chinese exporters are already shifting toward USDT for international payments, sidestepping currency risk and capital controls. Hong Kong-based OTC exchange Crypto HK said USDT trading volumes among Chinese clients have jumped five times since 2021.
“The global expansion of U.S. dollar stablecoins is posing fresh challenges to yuan internationalisation,” said Wang Yongli, former vice head of the Bank of China.
Beijing’s Digital Currency Dilemma
China has been clear about its long-term goal – to make the yuan a strong global currency like the dollar or euro. But capital controls, policy roadblocks, and its ban on crypto in 2021 have held it back.
Now, the numbers are starting to reflect that. The yuan’s share in global payments fell to 2.89% in May, while the U.S. dollar still holds over 48%, according to SWIFT data.
“China has reached a point where it can no longer avoid taking action,” said Xiao Feng, chairman of Hong Kong-based crypto exchange HashKey.
US Moves Fast – Can China Catch Up?
In the U.S., the stablecoin space is gaining regulatory support. President Donald Trump backed stablecoins shortly after returning to office, and his administration is now building a clear legal framework around them.
Meanwhile, Hong Kong is speeding up crypto regulations, creating a competitive environment that could become a launchpad for China’s digital currency efforts, without breaking the mainland’s crypto ban.
Ant Group is reportedly preparing license applications for stablecoin operations in both Hong Kong and Singapore, and JD.com is planning to apply in several key global markets.
The Bigger Picture
This push is clearly about protecting China’s role in the future of global finance.
If Beijing allows a yuan stablecoin to launch in Hong Kong, it could mark a shift in how China approaches digital assets and open the door to broader use of the yuan in cross-border trade.
With the U.S. leading the digital dollar movement, China’s window to act is narrowing. The stablecoin race is on, folks!
The post China’s Big Tech Wants Yuan Stablecoin to Break USDT’s Lead appeared first on Coinpedia Fintech News
Two of China’s biggest tech firms, JD.com and Alibaba’s Ant Group, are urging the country’s central bank to allow a yuan-based stablecoin to launch in Hong Kong, sources told Reuters. The goal? Push back against the rising dominance of U.S. dollar stablecoins like USDT and bring the Chinese yuan into the digital payments race. Things …
Strategy (Nasdaq: MSTR, STRK, STRF, STRD), the largest corporate Bitcoin (BTC) holder, has made a bold move to strengthen its balance sheet. The Bitcoin treasury company announced on Tuesday, July 29, that it had closed its initial public offering of around 28 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at a public offering price of $90, thus raising about $2.52 billion.
Strategy announced that the proceeds from the IPO of the newly formed vehicle were used to purchase 21,021 Bitcoins.
“Strategy has acquired 21,021 BTC for around $2.46 billion at about $117,256 per Bitcoin and has achieved a BTC Yield of 25.0% YTD 2025. As of 7/29/2025, we hodl 628,791 BTC acquired for approximately $46.08 billion at around $73,277 per Bitcoin,” Michael Saylor, Chairman at Strategy, noted.
Strategy Leads an Army of Corporate Investors in Bitcoin Accumulation
Strategy’s STRC fundraising was the largest U.S. IPO in 2025 to date. The company has led an army of 282 corporations that have accumulated over 3.61 million Bitcoins to date, according to BitcoinTreasuries.
More institutional investors have implemented a Bitcoin treasury management system to beat inflation and macroeconomic uncertainties.
Why Has BTC Price Faltered?
Bitcoin price is affected by a wide range of factors, both on-chain and external fundamentals. Although on-chain data shows an aggressive accumulation of Bitcoin by whale investors, short-term holders and spot traders have been expecting heightened volatility ahead of Wednesday’s FOMC statement and the Fed’s federal funds rate announcement.
According to market data from Coinglass, Bitcoin’s Futures Open Interest (OI) dropped by over 5 percent on CME to $16.9 billion, signaling mild panic selling. Nonetheless, the overall BTC’s OI remained elevated compared to last quarter and year, thus signaling that a macro bullish outlook remains strong.
The post Strategy Acquires 21,021 Bitcoin, Now Holds 628,791 Coins: Why Is BTC Price Dropping? appeared first on Coinpedia Fintech News
Strategy (Nasdaq: MSTR, STRK, STRF, STRD), the largest corporate Bitcoin (BTC) holder, has made a bold move to strengthen its balance sheet. The Bitcoin treasury company announced on Tuesday, July 29, that it had closed its initial public offering of around 28 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at …
Bitcoin price breaks $100,000 on May 8, 2025, as ETFs, Fed pause, and state crypto laws fuel rally. Will BTC now advance to new all-time highs?
Bitcoin clears $100,000 first time in 120-days
Bitcoin price crossed the $100,000 mark on Thursday, May 8, 2025, trading at its highest level since February. The milestone represents a 4.5% 24-hour gain, pushing BTC to $100,800 at the daily peak before settling near $99,696 at press time.
Bitcoin price crosses $100,000, May 8 2025 | Coingecko
The renewed BTC price rally on Thursday can be attributed to a convergence of macroeconomic signals, adoption milestones across US states, amid surging institutional demand from Bitcoin ETFs.
Coingecko data further shows data BTC price gained 26.5% in the past 30 days and 59.1% over the last year. Traders now anticipate another leg up as BTC eyes new all-time highs, less than 10% away from breaching its previous record around $107,000.
Market sentiment turned sharply bullish following a formal announcement from President Donald Trump confirmed a comprehensive trade agreement with the United Kingdom. The message emphasized the depth of US-UK relations and hinted at more bilateral deals in the pipeline.
US President Donald Trump Confirms Trade Deal With UK, Source: TruthSocial
The trade optimism has sparked renewed investor appetite for risk assets, with Bitcoin among the biggest beneficiaries.
Trump’s executive order establish crypto strategic reserve in March 2025. has helped frame Bitcoin as a strategic hedge against geopolitical uncertainty and global de-dollarization risks.
2. Three US states enact major crypto laws in rapid succession
Arizona Governor signed House Bill 2749 into law:
On May 7, Arizona Governor Katie Hobbs signed a bill establishing a Bitcoin and Digital Assets Reserve Fund. The fund will be managed by the state treasurer and composed of digital assets obtained through airdrops, staking rewards, and accrued interest.
The bill follows the governor’s veto against Senate Bill 1025, which had proposed investing 10% of states $32 billion Treasury assets in cryptocurrencies and NFTs.
Hobbs cited a preference for budget-neutral, lower-risk strategies in approving HB 2749. The newly-approved law now allows Arizona to engage in passive crypto asset management while maintaining fiscal conservatism. Staking rewards from unclaimed assets held over three years will also be funnelled into the reserve.
Oregon enacts Senate Bill 167:
Oregon state amended the state’s Uniform Commercial Code to include digital assets such as cryptocurrencies, tokenized instruments, and electronic money. Signed into law by Governor Tina Kotek, the legislation introduces UCC Article 12, providing legal clarity on how digital assets can be used as collateral and managed in secured transactions.
Oregon signs Crypto bill into law, May 7, 2025
The new rules also recognize electronic signatures and records, easing digital commerce integration. Transitional provisions give parties a one-year adjustment period. Prior to the update, crypto assets operated in legal gray zones under state law.
With this move, Oregon strengthens its infrastructure for asset-backed crypto innovation and enterprise use cases.
New Hampshire becomes first state to adopt Crypto reserve:
New Hampshire became the first US state to approve Treasury laws to receive and hold Bitcoin in reserve. The move follows prior legislative actions that permitted tax payments in crypto and explored blockchain-based public record systems.
The latest statute, passed on May 8, directs the state to accept Bitcoin from federal forfeitures, grants, and settlements as reserve assets.
It does not authorize discretionary market purchases but ensures crypto assets entering public custody are lawfully held and secured. Treasury officials will partner with approved custodians to manage private keys and staking operations.
3. Fed pause and recession risks reinforce Bitcoin hedge appeal
On Wednesday, US Federal Reserve held interest rates steady in its latest FOMC meeting but flagged rising unemployment as a growing concern. Investors now anticipate multiple rate cuts later in 2025 to cushion a slowing economy.
The shift in tone has rekindled the inflation hedge narrative around Bitcoin, with capital rotating out of treasuries and into hard assets.
Bitcoin’s fixed supply continues to appeal to investors preparing for policy easing and potential currency debasement. Market expectations of looser monetary policy have lifted global risk asset markets and has evidently played a role in driving BTC price above $100,000.
4. Institutional demand and ETF inflows intensify
Institutional capital has remained a key pillar of support during the current rally. Following renewed tensions between the United States and China, large corporate players have accelerated capital allocation into Bitcoin.
Bitcoin ETF Flows | Source: Farside
Exchange-traded funds (ETFs) have played a pivotal role in this dynamic. Over the past 13 trading days, Bitcoin ETFs recorded net inflows of $5.3 billion, with only two days of outflows.
On April 30 and May 6, net redemptions were modest at $56.3 million and $85.7 million, respectively. The consistent inflows indicate sustained institutional conviction and reflect Bitcoin’s growing status as a macro asset class comparable to gold or tech equities.
What’s next?
Bitcoin’s latest move above $100,000 places it within reach of entering a fresh price discovery phase. With only a single-digit percentage gain needed to break prior highs, markets are watching closely for institutional confirmation. If large players hold out for new highs, the rally could extend well into Q2.
However, some analysts suggest a partial rotation into altcoins may occur if Bitcoin shows signs of exhaustion. Capital rotation could benefit Ethereum, Solana, and newer sectors like Crypto AI tokens.
Looking ahead, the direction of Fed policy and geopolitical trade talks will remain key catalysts in the weeks ahead.
