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Abubakarchaudry50
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$SUI SUI is a cryptocurrency with a current price of $3.98, showing a 3.05% increase in the last 24 hours. The market capitalization stands at $13.75 billion, with a 24-hour trading volume of $1.57 billion. Here are some key updates and predictions about SUI - *Price Prediction*: Some analysts predict SUI will reach $5.00, aligning with prior highs and major resistance zones, while others expect a drop to $3.85. - *Technical Analysis*: SUI has broken out above a long-term descending trendline and reclaimed the key Monthly resistance at $3.71, now acting as support. - *Market Trends*: SUI has seen significant growth, with a 368.79% increase in the last year and a 41.53% increase in the last month. - *Network Updates*: The Sui network has been upgraded to version 73, featuring consensus optimization, faster data compression, and smart ancestor selection. - *Developer Roadmap*: Upcoming features include Enums in May, RPC 2.0 in Q2, and Move Autoformatter in May. *Key Statistics:* - *Current Price*: $3.98 - *Market Capitalization*: $13.75 billion - *24-hour Trading Volume*: $1.57 billion - *All-time High*: $5.3687 (January 6, 2025) - *All-time Low*: $0.3643 (October 19, 2023) *Recent Developments:* - *Sui Wallet Updates*: Enhanced user experience with redesigned NFT and activity tabs, improved app connection status, and human-readable transactions. - *Performance Update*: Sui network achieved peak throughput ranging from 10,871 TPS to 297,000 TPS on various workloads, with a time to finality of ~480 milliseconds
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#StablecoinLaw The US has taken a significant step in regulating stablecoins with the passage of the GENIUS Act, which aims to establish a federal framework for stablecoin issuers. Here's what's new - *Key Provisions* - *Full Asset Backing*: Stablecoins must be fully backed 1:1 by liquid assets like US dollars or Treasury securities. - *Monthly Reserve Reports*: Issuers must publish monthly reserve reports and undergo regular audits. - *Anti-Money Laundering*: The Act requires compliance with anti-money laundering and consumer protection rules. - *Ban on Algorithmic Stablecoins*: Unbacked algorithmic stablecoins are outlawed, aiming to prevent Terra-like collapses. - *Regulatory Framework*: - *Federal License*: Issuers can operate under a federal license, regulated by bodies like the OCC or FDIC, or be supervised at the state level if they issue less than $10 billion. - *Foreign Stablecoins*: Foreign stablecoins will only be allowed in the US if their country of origin meets regulatory standards similar to those in America. - *Impact*: - *Market Growth*: The stablecoin market, currently valued at over $260 billion, could grow to $2 trillion under this new structure. - *Increased Legitimacy*: The law is expected to enhance stablecoins' credibility and make banks, retailers, and consumers more willing to use them for transactions. - *Next Steps*: - *Effective Date*: The GENIUS Act is expected to take effect 18 months after enactment or 120 days after federal agencies finalize rules. - *Implementation*: Regulators will gear up for implementation, and the stablecoin industry will undergo a significant overhaul
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See my returns and portfolio breakdown. Follow for investment tips
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See my returns and portfolio breakdown. Follow for investment tips
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