SygnumBank

Sygnum Bank adds SUI support for institutional clients

#SygnumBank has integrated $SUI , the native token of the #Sui #blockchain , into its regulated banking platform, offering custody, trading, lending, and upcoming staking services to professional and institutional investors. The move follows Sygnum’s role as banking partner to the Sui Foundation and aims to expand institutional access to the Sui ecosystem, which supports scalable applications in areas such as #DeFi , payments, tokenization, and gaming.

Bitcoin's "Double Top" Signals Caution, But a Crash is Unlikely: Sygnum Bank
Crypto watchers, take note! Sygnum Bank, a leading digital asset bank, is highlighting a "double top" formation in Bitcoin's price chart. This technical pattern typically warrants caution, suggesting that Bitcoin may have met significant resistance after two attempts at higher highs.
However, Sygnum's analysis isn't all doom and gloom. While acknowledging the potential for a pullback, the bank suggests a full-blown price crash is improbable. This outlook is likely underpinned by factors such as robust institutional inflows (especially from ETFs), decreasing Bitcoin balances on exchanges (indicating a bullish long-term holder sentiment), and increasing global interest from sovereign entities exploring Bitcoin for reserves.
So, while the "double top" might signal a period of consolidation or minor correction, Sygnum Bank's broader perspective leans against a dramatic collapse, hinting at underlying strength in Bitcoin's long-term trajectory. Investors are advised to remain vigilant and consider the nuanced market dynamics at play.
#bitcoin #crypto #SygnumBank #MarketAnalysis #DoubleTop

Sygnum Bank, the crypto bank based in Switzerland and Singapore, has raised $58M in a funding round, achieving Unicorn status with a valuation over $1B.
The funds will support Bitcoin-focused products, EU expansion, compliance efforts, and strategic acquisitions.
#SygnumBank #Funding #Sygnum