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Sui Network (SUI) gained the spotlight in the cryptocurrency landscape as one of the fastest-growing cryptocurrencies this cycle. This week, Grayscale announced the Grayscale SUI Trust, while Circle natively deployed its dollar stablecoin, USDC, on the Sui Network. With remarkable Web3 technology and tokenomics highly weighted to benefit institutional early private investors, SUI has earned the market’s attention. Now, Finbold is looking for insights into its native token’s next price movements and potential entry or exit points. In particular, a recent Analysis by TradingView’ s reputable cryptocurrency trader, pejman_zwin , sheds light on SUI’s price prediction and future. The trader highlighted key support and resistance levels, arguing that a major correction will soon hit SUI’s price. Picks for you Supra ...

BlackRock’s spot Bitcoin ETF (exchange-traded fund) recorded its first net inflow since Aug. 26 yesterday after $15.8 million was added to the fund’s reserves. Prior to yesterday’s net inflows, BlackRock’s IBIT suffered 11 consecutive days of zero outflows. It also posted two days of net outflows on Aug. 29 and Sept. 9 of $13.5 million and $9.1 million, respectively, according to data from Farside Investors.  BlackRock’s Bitcoin ETF Not The Only Fund To Record Net Inflows Along with IBIT’s net inflows yesterday, Fidelity’s FBTC, Franklin’s EZBC, VanEck’s HODL and Grayscale’s BTC also saw capital enter their reserves yesterday. FBTC registered $5.1 million in net inflows, EZBC $5 million, and HODL $4.9 million. Investors also pumped $2.8 million into Grayscale’s BTC. Bitcoin ETF Flow (US$ million) – 2024-09-16 TOTAL NET FLOW: 12.8 IBIT: 15.8 FBTC: 5.1 BITB: 0 ARKB: 0 BTCO: 0 EZBC: 5 BRRR: 0 HODL: 4.9...

Bitcoin price is currently near $40,480 after falling 3% in the past 24 hours. BTC faces pressure as Grayscale sells more Bitcoin amid GBTC outflows.  Bitcoin (BTC) price saw another sell-off bout on Monday as the crypto fell more than 3% to hover just above the key $40,400 level. With today’s BTC decline, the global crypto market cap has also dipped by about 4% in the past 24 hours to $1.65 trillion. The outlook is one of widespread altcoin weakness – Ether prices have dropped below $2,400, Solana under $87 and XRP towards $0.52. Injective, Near Protocol and Avalanche are some of the biggest losers on the day with near double-digit declines in the past 24 hours. Bitcoin price dips amid Grayscale BTC dump The flagship cryptocurrency’s struggles came as GBTC issuer Grayscale Investments transferred more of its BTC holdings to Coinbase Prime. Prices fell sharply last week amid the growing GBTC outflows. As on-chain data from blockchain...

The changes to Grayscale’s board were disclosed weeks before experts expect a spot Bitcoin ETF decision from the SEC.  According to a filing with the U.S. Securities and Exchange Commission (SEC), Barry Silbert has resigned as Grayscale chairman. Silbert is joined by Mark Murphy, another company executive who stepped down from the board effective Jan. 1. Three new members replace Silbert and Murphy. Mark Shifke will succeed Silbert as the board ’s new chairman following his role as chief financial officer at Digital Currency Group (DCG), Grayscale’s parent company. Matthew Kummel, DCG’s senior vice president of operations, also joins the board with Grayscale CFO Edward McGee. McGee will reportedly combine board duties with responsibilities at the digital asset management firm.  Shifke, Kummell, McGee, and CEO Michael Sonnenshein now make up the board at Grayscale. The reasons for these resignations and appointments were not specified in the Dec. 26 SEC filing, althou...

The verdict in the SEC-Grayscale case was accompanied by a short-term price respite in the crypto market. A brief institutional accumulation spree was also registered. However, neither of the two trends could pass the test of time. The aggregate valuation of the market is down to $1 trillion yet again, with BTC trading below $26,000. Also Read: 99% Nigerians ‘Aware’ About Crypto, 90% Ready to ‘Invest’ Crypto Asset Managers Register AUM Declines Recent research by CCData revealed that Bitcoin-based investment products saw a decline of 12.8% in AUM to $21 billion. Consequentially, the market share of these products shrank to 70.5%. Even Ethereum-based products shared the same fate and registered an AUM drop of 12.2% to $6.75 billion. Grayscale’s apex GBTC trust added $1.17 billion to its AUM on Aug. 29 and 30 following the verdict announcement. This market saw an increase of 7.20%. However, on the overall front, it noted a decline. The report hi...

It might not come as a surprise as Grayscale’s Ethereum Trust Fund is among the top-rated crypto funds in the industry. Grayscale’s $4.7 billion ETH holdings make Ethereum Trust Fund second-largest Ethereum Entity on the planet. The Ethereum price has slumped since Grayscale’s investment causing a slight correction in the initial investment worth $5 billion dollars. advertisement Also Read: Breaking: Grayscale Wins US SEC Lawsuit On Spot Bitcoin ETF Other Information About Grayscale Ethereum Trust Arkham scanned over 500 wallets and thoroughly checked all activity linked to Grayscale in order to identify the on-chain activity. Each wallet holds less than $30 million, as per the report. Grayscale also has nearly $1.7M worth of Link tokens in the Grayscale Chainlink Trust and $1.1M worth of UNI tokens. According to Arkham’s report, Grayscale’s Bitcoin holdings are much less, amounting to about $92.1 million. However, according to ...