XRP News: CME Group Announces Plans To Launch XRP Futures On May 19

The post SUI Enters a Pivotal Range-A 25% Upswing seems to be Imminent Before the End of the Month appeared first on Coinpedia Fintech News

The SUI price has risen above the bearish trend that it held since the start of the year, when it marked a new ATH above $5.3. With this breakout, the token has triggered a fresh upswing, which is believed to secure an important resistance level. While the possibility of a continued upswing remains higher, the question remains whether the SUI price will mark a new ATH in Q2 2025.

The SUI ecosystem has been swelling and has emerged as the top-performing one. Besides, the DEX volume over the platform has surpassed $80 billion, while the best-performing tokens in the top 100 are from the SUI ecosystem. On the other hand, more than $12 million in shorts have been liquidated in the last 24 hours. This suggests the market participants have become hopeful of the next price action, and hence, the rise in optimism may lead the rally towards a new ATH. 

The daily chart of SUI suggests the token has risen above the bearish influence after triggering a breakout from the edge of the consolidation. The price has broken above the falling wedge, indicating a rise in bullish activity. Besides, the supertrend has turned bullish and hence a rise above the resistance zone between $2.8 and $2.85 could validate a rise above $3 in a short while from now. However, the SUI price is expected to trigger a fine bull run once it secures the 200-day MA at $3.17. 

The technicals have also jumped in favor of the bulls, as the MACD is about to enter the positive range while the RSI is about to rise above the upper threshold. On the other hand, the ADX is preparing for a bullish divergence, hinting towards a potential rise in the rally’s strength. The Chaikin Money Flow (CMF) has just surged above 0, hinting towards a rise in the money flow into the token. 

Therefore, the SUI price is expected to maintain a consolidated upswing and reach $3.3 by the end of the month and later head towards a new ATH. 

The post SUI Enters a Pivotal Range-A 25% Upswing seems to be Imminent Before the End of the Month appeared first on Coinpedia Fintech News
The SUI price has risen above the bearish trend that it held since the start of the year, when it marked a new ATH above $5.3. With this breakout, the token has triggered a fresh upswing, which is believed to secure an important resistance level. While the possibility of a continued upswing remains higher, the …

DeFi Technologies, the Toronto-based publicly traded company has striked a major move aimed at expansion. On Monday, it launched its new RWA tokenization-focused exchange, Kenya Digital Exchange (KDX).

The exchange, aimed at tapping into the growing digital market of Kenya, is launched with the collaboration of Kenya’s Nairobi Securities Exchange (NSE).

Notably, the new exchange launch builds on the partnership signed last year between NSE, Defi Technologies’ subsidiary, Valour and SovFi.

The collaboration also involves the listing of Valour’s exchange-traded products (ETPs) on NSE by Q3 2025.

KDX: Why Defi Technologies is launching a new exchange

Curtis Schlaufman, the Vice-president of VP Marketing and Communications at DefiTech, revealed in a X post that the new Kenya Digital Exchange (KDX) aims at expanding his company’s role in global capital markets and digital asset innovation.

Given the ongoing growth in the RWA innovation and market, DeFi Tech’s KDX will work as a regulated platform for tokenizing real-world assets (RWAs) – equities, debt funds, and commodities.

KDX will enable primary issuance, trading, and liquidity provisioning for the tokenization of these instruments of traditional markets. It will leverage blockchain technology to ensure secure, transparent, and efficient transactions.

The platform will further integrate Hedera for settlement and to support smart‑contract–powered issuance and market‑making. This infrastructure is expected to serve both institutional and retail clients.

With Valous’ ETPs also in line, it aims to serve as a one‑stop marketplace for digital‑asset ETPs and other tokenized products.

To Provide Other Sevices too

As per the press release, implementation of KDX will occur in three phases:

1. initial platform design and compliance checks in late 2025,

2. pilot trading and ETP issuance in early 2026, and

3. full commercial launch by the second quarter of 2026.

The exchange’s revenue streams will include trading and listing fees, custody services, staking and liquidity‑provision charges, and other value‑added financial services. Curtis also informed that besides RWAs, Defi Tech’s KDX will also focus on token issuance, AI trading, market making, and global exchange interoperability.

DeFi Technologies and SovFi Partner with Nairobi Securities Exchange (@NSE_PLC) to Design and Launch Kenya Digital Exchange (KDX) https://t.co/99IeaCteM5 $DEFTF $DEFI.NE

— DeFi Technologies (@DeFiTechGlobal) April 21, 2025

Tapping into the Growing Crypto Market of Kenya

Kenya has long been a global leader in P2P bitcoin trading – Chainalysis ranked it first worldwide in P2P trade volume in 2021, ahead of 154 other countries. The country ranks among the top 25 markets worldwide for crypto adoption.

With cryptocurrency transactions totaling an estimated USD 18.6 billion in 2022 and over six million users—roughly 10% of the population.

Smartphone penetration exceeds 85%, and the local fintech sector attracted USD 638 million in venture capital in 2024. This underscores strong consumer demand and robust digital‑finance innovation.

By tapping into a six‑million‑user market and nearly USD 20 billion in annual crypto transactions, KDX could catalyze a new wave of digital‑finance activity in East Africa.

The post DeFi Tech Launches Kenya Exchange: What it Means for the African Digital Market of 6M Users appeared first on CoinGape.

Anchorage Digital has announced that it will offer investment giant BlackRock its array of institutional cryptocurrency custody solutions. The custody service provider will extend its services to a range of BlackRock’s spot crypto exchange-traded funds (ETFs) as part of the deal.

Anchorage and BlackRock Forge Partnership For Crypto Custody Solutions

According to the press release, Anchorage Digital says it is deepening its existing partnership with BlackRock by providing the investment behemoth with a slew of digital asset custody services. Per the announcement, the custody service will extend to cover rising retail and institutional demand for BlackRock’s crypto offerings.

BlackRock has tapped Anchorage Digital to occupy the role of an additional custodian for its range of spot crypto ETPs. Furthermore, Anchorage Digital will rehash its role as custodian in BlackRock’s sprawling fund empire with exposure to cryptocurrencies.

Under the arrangement, Anchorage will provide custodial services for spot crypto ETPs with over $50 billion in assets under management. BlackRock is the largest issuer of crypto ETPs, clinching UK FCA registration as a crypto asset firm.

“As BlackRock continues to bridge digital assets and traditional finance, we are excited by the opportunity to set a new standard for tailored access to the digital asset class,” said Anchorage Digital CEO Nathan McCauley.

Anchorage Digital has previously provided its custodial service to Cantor Fitzgerald’s $2 billion financing business. The firm’s customers extend to 21Shares, Visa, Copper, and Oasis Pro Markets.

A Raft Of Reasons Behind The Choice

BlackRock says choosing Anchorage Digital as a custodial service provider was an easy choice. Robert Mitchnick, BlackRock’s Head of Digital Asset noted that Anchorage Digital’s expertise in institutional-grade crypto custodial services makes it an ideal partner.

“After a thorough evaluation, Anchorage Digital clearly meets these standards, and we are excited to be expanding our network of eligible digital asset service providers with the addition of Anchorage Digital,” said Mitchnick.

Anchorage Digital provides firms with “bankruptcy-remote custody” while separating proprietary funds from customers’ assets. As an added layer of protection, Anchorage Digital uses biometric authentication in addition to storing private keys offline.

Furthermore, institutional investors are attracted to Anchorage given its reputation as home to the only US federally chartered crypto bank. Anchorage has previously teamed up with BlackRock for its BUIDL fund, fresh off a Solana expansion.

BlackRock is facing rising competition from its peers with Fidelity’s Solana ETF acknowledged by the US SEC as traditional investment firms jostle for crypto dominance.

The post BlackRock Taps Anchorage Digital For Crypto Custody Solutions appeared first on CoinGape.