Ripple partners: Blockchain payment platform Ripple has announced that leading UAE financial platforms Zand Bank and Mamo Pay have adopted Ripple Payment, its blockchain-powered payment solution, to improve cross-border payments. Why’s New Partnership Is Important for Ripple? Ripple shared the announcement in a blog post on Monday, May 19. The partnership comes shortly after Ripple became the first blockchain-powered payment solution to receive a license from the Dubai Financial Services Authority (DFSA). The license allows the payment infrastructure provider to tap into market opportunities in the Middle East, as well as operate legally in the region. Source: X Interestingly, the new license and partnerships with Zand Bank and Mamo Pay allow Ripple to provide round-the-clock payment services and handle payment processes on behalf of its customers in the UAE. Additionally, thanks to these local partners, Ripple says settlement time will be reduced to a few minutes, making it easier to… Read More at Coingape.com
SUI has experienced an impressive price rally, rising nearly 20% in just two days. This surge marks the continuation of a near three-week uptrend fueled by rising interest from SUI enthusiasts.
As the market shows growing optimism, the altcoin has caught the attention of investors, setting the stage for further price movement.
SUI Traders Are Hopeful Of Gains
The Open Interest in SUI has surged by 28% in just 48 hours, jumping from $1.42 billion to $1.82 billion. This $400 million increase signals a growing interest in the Futures market, with traders eager to capitalize on the altcoin’s bullish momentum.
The positive funding rate further supports this outlook, indicating that long positions are dominating short positions. This suggests that traders expect the price of SUI to continue rising, contributing to the overall bullish sentiment surrounding the coin.
The rising Open Interest and positive funding rate indicate that more capital is flowing into SUI, reinforcing its position in the market. As more traders take long positions, this momentum could propel the price even further, creating a positive feedback loop.
Technical indicators also support SUI’s overall macro momentum. The Chaikin Money Flow (CMF) is currently at a near four-month high, signaling that inflows are outweighing outflows.
This uptick suggests that investors are actively seeking to capitalize on the rising price of SUI, further driving demand.
As more capital enters the market, SUI’s upward momentum could continue, pushing its price higher. The increase in the CMF reflects the broader market’s positive sentiment and suggests that the altcoin’s rally is supported by strong investor confidence.
SUI’s price has risen by nearly 20% in the last 48 hours, trading at $3.96 at the time of writing. The altcoin is now approaching the key resistance level of $4.05.
Successfully breaching this barrier would help maintain the nearly three-week uptrend and could set the stage for further price gains. This level is crucial for the continuation of the rally.
If SUI manages to flip $4.05 into support, it would open the door to further upward movement. The next potential targets would be $4.79 or even higher, with $5.00 becoming a realistic possibility.
A sustained rally beyond this point would signal strong bullish sentiment and further price appreciation.
However, if SUI fails to breach $4.05 and experiences a reversal, it could drop to $3.59. Losing this support level would indicate a potential weakening of the bullish momentum, with the price potentially falling to $3.18.
If this happens, it would invalidate the current uptrend and shift the market sentiment towards a bearish outlook.
The outlook in the broader crypto market has further placed Bitcoin (BTC) in the spotlight as the coin is exhibiting a decoupling from the general stock market. Amid the bullish market shift, the BTC open interest has skyrocketed by 4.97% in the past 24 hours. This metric has a historic underlying boost for BTC price.
Bitcoin Open Interest Resets
BTC Open Interest data has always helped shape the price of the top coin. Current Coinglass data pegs the open interest at $58.7 billion over the 24 hours. Known to fall to a multi-year low earlier this year, Bitcoin open interest has finally reset on optimism that the coin may be decoupling from the stock market.
According to the market data, exactly 676,360 BTC has been committed to the derivatives market. Top crypto exchanges like CME and Binance saw more than 115,000 BTC logged in by traders as the overall Open Interest and 24-hour volume came in at 0.5021.
It is not unusual for the open interest to respond to the sentiment in the broader market. Bitcoin price has exhibited resilience despite the sustained drawdown in the stock market.
BTC Price and Impact of Open Interest
At the time of writing, the price of BTC has jumped by 3.68% in 24 hours to $86,860.42. The uptick in the price of Bitcoin has turned green on different short timelines, including the 7-day and 30-day periods.
Open interest is the data that shows the total number of outstanding shares in the derivatives. The higher this metric, the more obvious the adoption in the market. If sustained, this can push the price of Bitcoin to new highs. In the past 24 hours, the top coin jumped as high as $88,460.09.
Many have predicted that the BTC price is on track to chart new growth trends. Despite the US-China trade war, the coin has found stability, with smaller liquidations complementing the current open interest sentiment. If the current setup materializes fully, according to Arthur Hayes, the Bitcoin price may be trading at its unique discount below the $100,000 mark.
Institutional Adoption Takes New Twist
With the trend around Bitcoin now mirroring the bullish performance of Gold, the coin has a more intensive accumulation trend from corporate buyers that can drive its growth. Earlier on April 21, Strategy announced the acquisition of 6,556 Bitcoin units for $555 million.
In addition, Metaplanet also topped its BTC portfolio with 330 BTC units. Combined with the open interest and other macro-metrics, these trends might set the price of the top coin to new historic highs in the coming weeks.
The crypto market has seen a slight rebound today as attention turns to Capitol Hill. The US Senate Banking Committee is set to hold a key hearing on digital asset market structure, featuring testimony from top industry figures, including Ripple CEO Brad Garlinghouse.
In anticipation of the discussion, market sentiment has improved, lifting digital assets and crypto-related stocks. Here are three US-listed crypto stocks to watch closely today:
BTCS (BTCS)
BTCS shares surged 108.93% to close at a three-year high of $5.91 on Tuesday after the company announced a bold initiative to raise $100 million in 2025 to acquire Ethereum. The Maryland-based blockchain infrastructure company said the move reinforces its long-term vision to become the leading publicly traded firm focused on Ethereum.
The company plans to use a hybrid DeFi-TradFi capital formation model—including ATM equity sales, convertible debt, on-chain borrowing via Aave, staking rewards, and block-building through Builder+—to minimize dilution while maximizing ETH accumulation and shareholder value.
The price of BTCS hovers around $4.80 during pre-market trading today. If demand surges at market open, the stock could attempt to rally back above yesterday’s close.
However, if bullish momentum fades, it risks slipping below $4.34 support.
CleanSpark (CLSK)
CLSK climbed 2.38% to close at $11.60 in the latest session, following a bullish operational update released on Monday.
In a July 7 press release, the company announced it reached a major milestone in June 2025—achieving 50 EH/s of operational hashrate, becoming the first Bitcoin miner to do so entirely through fully self-operated infrastructure. This marks a 9.6% month-over-month increase in hashrate and improved fleet efficiency to 16.15 J/Th.
The Bitcoin miner also revealed that it has secured 179 megawatts of additional power under contract, supporting future hashrate growth of over 10 EH/s.
During pre-market trading, CLSK is priced at $11.63. If buying continues when the market opens, the stock could rally toward $12.96.
However, if buy-side pressure fades, it could fall below support at $11.42.
Soluna Holdings (SLNH)
Soluna Holdings shares climbed 27.88% to close at $0.85 on Tuesday after the company announced a major expansion at its Texas-based Project Dorothy 2 site.
The company revealed a 30 MW hosting deal with a leading Bitcoin miner—its third such agreement with this long-term customer. With the new contract, Project Dorothy 2 is now fully marketed and contracted, solidifying Soluna’s capacity buildout.
As of the pre-market session today, SLNH trades at $0.95. If the bulls maintain control at the opening bell, the stock could test resistance near $0.99.