Tron founder Justin was one of the speakers at the Bitcoin 2025 conference during a panel discussion. During his speech, the crypto founder commented on Donald Trump’s impact on Bitcoin and the crypto industry, describing the president’s support as being genuine. Justin Sun Comments On Donald Trump’s Impact So Far During the Bitcoin 2025 conference, the Tron founder asserted that Donald Trump has really shown his commitment to Bitcoin and the whole crypto ecosystem. He further remarked that the BTC price would have been unable to surge past the $100,000 market without the president’s influence. In line with this, Sun opined that Trump’s support is really enormous and important to the whole crypto industry. Indeed, the Bitcoin price surged past the psychological $100,000 mark for the first time last year following the president’s victory over Kamala Harris in the November presidential elections. Sun’s statement comes following the Trump crypto dinner,… Read More at Coingape.com
Three Bittensor subnet tokens — Chutes, Proprietary Trading Network, and Targon — are among the top projects to watch this week.
Chutes remains the largest subnet token by market cap despite recent price pressure, while Proprietary Trading Network is gaining attention through the DeFAI narrative. Targon, meanwhile, is trading at deeply oversold levels and could be setting up for a potential rebound. Here’s a closer look at each of these Bittensor-based tokens heading into the first week of May.
Chutes
Chutes is a serverless AI compute platform built by Rayon Labs. It is designed to deploy, run, and scale any artificial intelligence model within seconds.
Users can interact directly with the Chutes platform or integrate it easily through a simple API, offering fast and flexible AI infrastructure without the complexity of traditional server management.
Chutes is currently the largest Bittensor Subnet token by market cap, but it has faced pressure recently, falling nearly 18% over the past seven days.
After rallying 67% between April 7 and April 12, the token has since dropped about 30% from its peak. Its Relative Strength Index (RSI) is now at 23.78, signaling deeply oversold conditions.
This setup could mean that Chutes is nearing a potential reversal zone.
If the project manages to recover its earlier momentum, being the biggest Subnet on Bittensor could amplify its gains through network effects, potentially triggering a strong uptrend that could drive the price back toward the $0.40 range.
Proprietary Trading Network
Proprietary Trading Network, or Taoshi, is a decentralized finance platform operating within the Bittensor ecosystem. It builds dynamic subnetworks where decentralized AI and machine learning models analyze data across multiple asset classes.
Its mission is democratizing access to sophisticated trading strategies, combining AI, blockchain, and finance to deliver advanced data that helps users make more informed financial decisions.
Proprietary Trading Network’s market cap is close to $50 million, with its trading volume jumping nearly 160% in the last 24 hours to reach $3 million.
Proprietary Trading Network Token Performance. Source: Tao Stats.
If the current momentum strengthens, the token could soon rise to retest the $0.20 and $0.25 resistance levels, supported by growing attention across these sectors.
Targon
Manifold Labs developed Targon, which is a Bittensor Subnet token that is building an AI cloud platform that enables users to run inferences on AI models at high speed and low cost.
Through its Playground and API, Targon offers many models optimized for completion and chat tasks.
The platform emphasizes fast performance, high scalability, and cost-efficiency, allowing developers and companies to deploy and scale AI models while minimizing infrastructure complexity easily.
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.
With the Pi network coin price has been consolidating between $0.53 to $9.69 over the last 3 weeks, struggling to break above $0.82, even with Bitcoin’s bullish run hitting $95k. However, this might change soon. Well-known crypto expert Dr. Altcoin predicts that Pi Coin’s rally could begin during the highly anticipated Consensus Summit starting from 14 May 2025.
Pi Price Rally To Come At Consensus Summit
In his latest X post, Dr Altcoin said he feels pretty confident that the Pi price pump could actually begin during the highly anticipated Consensus Summit, which is happening from May 14 to May 16, 2025.
This global blockchain event brings together the biggest names in crypto, offering Pi a perfect stage to shine. He believes that even small positive news like new partnerships, major updates, or ecosystem growth announced during this event could create a rush of excitement.
Thus, if Pi Network gets the right attention, it could lead to a major price rally even before August.
Pi Unlocking to Easy After August
Although, this comes as a surprise for many because earlier expectations were tied to the end of August, a time when a large amount of Pi coins would finish unlocking, creating less selling pressure.
According to the Piscan, the beginning of August will see the release of Pi tokens drop by almost half. In August, only $132.5 million worth of Pi tokens will be released. September will see $115.2 million, October $89.5 million, and November $85.9 million.
Pi Coin Price Outlook
As of now, Pi Network coin is trading at $0.63, reflecting a drop of 1.3% seen in the last 24 hours. The coin has been consolidating recently, trading between resistance at $0.68 and support at $0.61.
If the price breaks above $0.68, it could mark the beginning of a fresh rally. The next resistance levels to watch would be $0.789 and $0.85.
If the upward momentum continues, Pi Coin could aim for $1.03, its first time above $1 since last month.
The post Pi Network News: Crypto Expert Predicts an Explosive Pi Coin Rally – In This Event appeared first on Coinpedia Fintech News
With the Pi network coin price has been consolidating between $0.53 to $9.69 over the last 3 weeks, struggling to break above $0.82, even with Bitcoin’s bullish run hitting $95k. However, this might change soon. Well-known crypto expert Dr. Altcoin predicts that Pi Coin’s rally could begin during the highly anticipated Consensus Summit starting from …
