Reports

State of Sui Q4 2023 and Q1 2024. The #crypto market rebounded in Q4’23 and Q1’24 and Sui was no exception. Its market cap grew by 508% in the past two quarters to $2.3 billion. Its growth outpaced tokens with a similar market cap, as its market cap rank increased from 81 to 57 during that time period. Less than a year after its launch, Sui has become a top network by DeFi activity. Its #TVL grew by 1,459% in the past two quarters to $787 million, ranking it 12th among all ecosystems. Its average daily DEX volume increased by even more, up 3,689% to $78 million. During the past two quarters, Sui network usage reached a peak of 453,000 daily active addresses during #Mysten Labs’ onchain gaming quest, Quest 3. Excluding that period, Sui averaged 24,000 daily active addresses and 1.8 million daily transactions throughout Q4’23 and Q1’24. Upcoming upgrades will bring further scaling improvements to the network. Near the end of March, Mysten Labs introduced Pilotfish, a new execution scaling solution that distributes execution work across multiple machines for a single validator. After quarter end, the #Sui Foundation announced Mysticeti, a consensus upgrade planned for this summer.

#trendingnews #reports #btc

🚨🇨🇳Shanghai Court #Reports $6.5 Billion Illegal Cross-Border Stablecoin Exchange Case

🔹The Shanghai Pudong New Area People's Court disclosed a case involving illegal cross-border foreign exchange #transactions using stablecoins, with Yang and Xu among others manipulating domestic shell company accounts to facilitate over 6.5 billion yuan in unauthorized foreign exchange deals over three years

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📣Happening Now🔥

📌Wall Street #CEOs are “ready to expand into crypto” #CNBC reports

#WallStreetNews #CryptoNewss #reports $BTC

🚨X PLATFORM #SUFFERS EXTENDED OUTAGE, POSSIBLE DATA CENTER FIRE INVOLVED

🔹Users report 24+ hours of issues: broken timelines, DMs, logins

🔹Outage started Thursday PM, peaked early Friday (2:12 AM UTC+8)

🔹X’s engineers blame data center interruption for degraded service

🔹Wired #reports fire at X's 🇵🇹Portland-area data center

🔹Link between fire and outage not yet confirmed
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🔹🔹I am also facing the #issue , can't login my X account

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CZ's BNB holdings is now worth $75.8B, according to reports.

#CZBİNANCE #BNBHolding #reports

#reports
Market Performance
The total crypto market cap reached an all-time high on December 6, 2024, at $3.73 trillion but has since decreased by 2%.³ Bitcoin's market cap accounts for 55.52% of the cryptocurrency market capitalization.
#downfall #factors The crypto market's downfall in December can be attributed to several factors.

Key Factors Contributing to the Downfall
1. *Miner Pressure*: Bitcoin miners faced significant pressure due to declining profitability, which hit a 12-month low of 4 cents per terahash.
2. *Low On-Chain Activity*: Ethereum's on-chain volume dropped to a 9-month low, indicating reduced network activity and falling prices.
3. *Regulatory Uncertainty*: Ongoing legal battles, such as the SEC's appeal against Ripple, contributed to market volatility.
4. *Profit-Taking*: Investors took profits after Bitcoin rallied past $65,000, leading to a market slump.
5. *Market Sentiment*: The "buy the rumor, sell the news" phenomenon, where investors buy based on expectations and sell when events occur, impacted Bitcoin's price.²
6. *Lack of Decoupling from Wall Street*: The cryptocurrency market's performance remains tied to Wall Street's, making it vulnerable to economic fluctuations.
7. *Potential for Major Failures*: The crypto space lacks adequate oversight, increasing the risk of significant failures, such as stablecoin de-pegging or exchange platform collapses.

🚨CryptoQuant #reports 99% of $BTC UTXOs are currently profitable, signaling potential market euphoria.

🔹Analyst #warns a drop in this ratio could trigger widespread profit-taking, forcing late investors to sell at a loss amid shrinking unrealized gains.

🚨🚨 #Tensions Escalate:
#Israel Signals Possible Military Action Amid Suspected Iranian Plans 🇮🇱🇮🇷

#Reports from Israeli defense officials suggest that Tehran may be in the final stages of planning a large-scale preemptive military operation targeting Israeli assets. In response to this developing threat, Israeli leadership has expressed that they may be left with no alternative but to take military action against Iran once again in order to neutralize the perceived danger.

📌 #Strategic Context:
According to sources close to the Israeli military command, the recent intelligence assessments have raised concerns about Iran’s potential mobilization of regional forces and missile units. While no official timeline has been disclosed, Israeli officials believe that a direct threat could materialize within days or weeks — possibly triggering a decisive Israeli response if diplomatic or strategic deterrence fails.

This evolving scenario adds further complexity to an already volatile Middle East, with potential implications for global markets, energy supply chains, and geopolitical stability. Investors and institutions are advised to monitor developments closely, as any major escalation could influence oil prices, risk assets, and regional security alliances.

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