Latest news with #BTCFi
Yahoo
3 days ago
- Business
- Yahoo
SUI Price Prediction - What could affect SUI's future price?
Sui price prediction remains mixed as bearish pressure from a major exploit recovery and upcoming token unlocks weighs on sentiment, while bullish momentum builds from ecosystem expansion and growing institutional adoption. - Cetus DEX exploit ($223M stolen) weighs on sentiment but community recovery efforts mitigate damage - June token unlocks ($206M) risk increasing selling pressure - Technical indicators show weakening momentum near key $3.40 support. - BTCFi growth and ETF filings signal long-term institutional interest Sui faces sector-wide headwinds with crypto's Fear & Greed Index at 61 (Greed) and altcoins underperforming Bitcoin. However, its BTCFi sector now holds $300M in BTC, positioning Sui as a Bitcoin DeFi hub. Competitors like Solana and Aptos also face June unlocks, creating sector-wide liquidity tests. The May 22 Cetus Protocol exploit temporarily crushed SUI's price (-8%) and ecosystem tokens, but 90% validator approval for frozen asset recovery demonstrates crisis-response capability that could rebuild trust. MACD: Bearish crossover with histogram at -0.0798 RSI: Neutral at 47.09 (14-day) but below equilibrium Key Levels: Immediate support at $3.40 (200-day SMA + Fibonacci 61.8%). Break below risks test of $3.14 swing low Volume: 19% spike during May 30 flash crash shows vulnerability to whale moves The descending channel from May highs suggests resistance at $3.72-$3.88 needs to break for bullish reversal. June 2 Token Unlock: 58.35M SUI ($206M) enters circulation - equivalent to 1.75% of market cap ETF Developments: 21Shares/Nasdaq ETF filing under SEC review until Jan 2026 Mysticeti v2 Upgrade: Faster transaction finality could boost DeFi activity post-recovery Institutional Partnerships: Microsoft Fabric integration via Space and Time expands developer access Sui's price trajectory hinges on whether ecosystem growth outpaces unlock-driven selling and exploit fallout. The $3.40 support level and Cetus' recovery timeline (targeting full relaunch by June 6) are critical watchpoints. Will Sui's BTCFi momentum attract enough capital to offset June's $2.7B sector-wide unlock pressure? Sui price prediction is mixed, as bullish optimism driven by tech upgrades and institutional adoption contrasts with bearish concerns over centralization debates following the recent hack. Volatile price action reflects the market's uncertainty about SUI's short- to mid-term trajectory. - Ecosystem growth (BTCfi dominance, DeFi TVL ATH, institutional ETF filings) fuels bullish narratives. - Cetus Protocol hack ($223M exploit) sparks debates on Sui's decentralization and validator control. - Price volatility persists (-8% post-hack, +239% YoY) amid conflicting technical and fundamental signals. Bullish drivers dominate long-term sentiment:- Institutional adoption: Nasdaq/21Shares ETF filings, Athens Stock Exchange pilots, and Fireblocks custody support.- Tech momentum: Mysticeti v2 (faster consensus), Move VM 2.0 (30–65% speed boost), and Walrus storage protocol (725 TB filled).- DeFi growth: TVL hit $2.06B (+70% MoM), led by Suilend ($675M) and Cetus ($235M). Bearish pressures stem from short-term risks:- Cetus hack fallout: $SUI dropped 8% on May 22 after $223M exploit, though 90% of frozen funds are set for recovery.- Centralization critiques: Validators' ability to freeze assets triggered debates, with critics calling Sui 'a database with extra steps'. BTCfi expansion:- 10% of Sui's TVL now tied to Bitcoin DeFi via protocols like Babylon and Lombard, positioning it as a BTCfi hub. Gaming/social traction:- RECRDapp (1M daily users) and SuiPlay0X1 device (70+ games) drive adoption, with Parasol's Pokémon HOME integration sparking speculation. Regulatory tailwinds:- SEC progress on altcoin ETFs (75% approval odds per Bloomberg) and the GENIUS Act's stablecoin rules could benefit Sui's institutional pipeline. Sui's narrative hinges on balancing rapid ecosystem growth against post-hack trust rebuilding. While technical upgrades and BTCfi adoption suggest long-term upside, June's $206M token unlock and lingering centralization concerns could pressure prices near-term. Watch this: Will Sui's validator-led asset freeze set a precedent for centralized crisis management in 'decentralized' ecosystems? To get the latest update on SUI, visit our SUI currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice.
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin Ordinals Can Now Be Bridged to Cardano Through BitVMX
Cardano has continued to advance its credentials as a venue for Bitcoin Defi (BTCFi), facilitating a transfer of Ordinals to its mainnet. The on-chain transaction between Bitcoin and Cardano was facilitated by BitVMX, an interoperability protocol built using the BitVM programming language. The transaction was unveiled by Input | Output (IO), the creator of the layer 1 Cardano, at the Bitcoin 2025 conference in Las Vegas on Tuesday. The bridge represents a "preview of what is to come," IO said in an emailed announcement. Its ultimate aim is a full integration between Bitcoin and Cardano, providing DeFi services for BTC users and unlocking huge amounts of liquidity from the value stored in bitcoin. To this end, IO has developed the "Cardinal" protocol, a portmanteau of Cardano and Ordinals, which harnesses BitVMX to assign Bitcoin-native assets to addresses on Cardano. The Ordinals protocol was introduced at the start of 2023, enabling the inscription of data onto individual satoshis (the smallest BTC denomination, equivalent to one 100 millionth of a bitcoin), this making them unique and traceable. In effect, this created a Bitcoin equivalent of non-fungible tokens (NFTs).
Business Upturn
7 days ago
- Business
- Business Upturn
Best Crypto to Buy Now: StratoVM Surges 2,939% Amid Renewed Market Optimism
By GlobeNewswire Published on May 27, 2025, 00:37 IST ROAD TOWN, British Virgin Islands, May 26, 2025 (GLOBE NEWSWIRE) — With crypto markets on edge following legal setbacks for major tokens like XRP, and volatility surging across altcoins, crypto enthusiasts are once again turning to emerging assets with high innovation potential. One name now dominating the conversation? StratoVM ($SVM) . After a prolonged downturn that followed the end of last year's rally, StratoVM has surged by a staggering 2,939% over the past three months. Fueling this growth is the exponential rise of Bitcoin DeFi (BTCFi), which has injected new life into Layer-2 innovation for the Bitcoin network. With its compelling value proposition as a smart contract–enabled, AI-integrated DeFi platform for Bitcoin, StratoVM is quickly gaining traction among the crypto community. Some are even comparing it to Solana in its early days—quiet at launch, but now gaining serious momentum. What truly sets StratoVM apart—and could it be the top contender for those wondering what the best crypto to buy now is? Could it even rival Solana as the next big player in the space? StratoVM: Just Launched, Barely Noticed — But Now It's Turning Heads Initially overlooked by the broader market, StratoVM has recently become a magnet for attention among crypto whales, DeFi enthusiasts, and early adopters. Much like Solana in its early days—when it combined speed, narrative, and community momentum to carve out a dominant position—StratoVM employs a lean go-to-market strategy with strong disruptive potential. It stands out as one of the few platforms introducing advanced AI functionality and smart contracts directly into the Bitcoin ecosystem—bridging the gap between innovation and decentralization in the world's most secure blockchain. StratoVM Gears Up for Its Big Moment with Mainnet Launch Amid BTCFi Surge The platform's upcoming mainnet launch is poised to act as a breakthrough moment. If successful, this launch will shift Bitcoin from a passive store of value into a vibrant, programmable financial layer capable of supporting complex DeFi structures. Comparatively, where CoreDAO currently commands a fully diluted valuation of $822 million, StratoVM sits at $5 million—suggesting room for growth if adoption scales. Much like the appeal of BTC Bull amid Bitcoin's institutional run, StratoVM taps directly into the current narrative tailwinds: decentralized finance, cross-chain functionality, and real Bitcoin utility. StratoVM Gains Traction as BTCFi Booms According to DeFiLlama, BTCFi has ballooned from $307 million to $6.6 billion. StratoVM is strategically riding this wave. Recent milestones boosting the platform include: Uniswap Integration: Unlocks liquidity and credibility within DeFi circles Unlocks liquidity and credibility within DeFi circles Over 50 Strategic Partnerships: Supporting development, tooling, and go-to-market Supporting development, tooling, and go-to-market Community of 100,000+ Followers: Driving early-stage awareness Driving early-stage awareness Rumored CEX Listing: Potentially a powerful catalyst for more exposure This momentum resembles the early-stage energy seen in other breakout projects before they gained mainstream attention. Could StratoVM Be the Next Solana? The Solana comparison is increasingly justified. Solana's early growth was fueled by speed, efficiency, and developer energy. StratoVM checks similar boxes while targeting an untapped frontier—Bitcoin programmability. Its advantages: Lightning-fast Layer-2 infrastructure Integrating AI into Bitcoin's Financial Ecosystem Low market cap with high exposure to BTCFi tailwinds Solana showed how niche utility, combined with a compelling narrative, could spark a breakthrough moment in the market. StratoVM may follow a similar path—especially with Bitcoin's evolving narrative as a DeFi-compatible base layer. Final Thoughts As major players like XRP face legal gridlock and Ethereum's scaling journey continues, crypto enthusiasts are shifting focus to nimble, highly innovative projects. StratoVM has surged from silence to spotlight—and it's doing so while riding one of the strongest narratives in the market: Bitcoin DeFi. If you're looking for the best crypto to buy now—something early, innovative, and built on real product momentum— StratoVM ($SVM) deserves a place on your radar. Disclaimer: This article does not constitute financial advice. Cryptocurrency markets are volatile, and past performance does not guarantee future results. Readers are encouraged to conduct independent research and consider all risks before making any investment decisions. Forward-looking statements are speculative and subject to change. Contact Details:Jason M. [email protected] Disclaimer: This is a paid post and is provided by StratoVM. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. 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Yahoo
13-05-2025
- Business
- Yahoo
Bitcoin DeFi Security Improves as Rootstock Boosts Hashrate Share
Decentralized finance (DeFi) on the Bitcoin blockchain may still be in its infancy relative to Ethereum, but Bitcoin DeFi (BTCFi) is becoming safer and cheaper, crypto analytics firm Messari said in a new report. A central participant is Rootstock, one of the oldest Bitcoin layer-2 projects, crypto analytics firm Messari said in its "State of Rootstock" report, published on Thursday. Rootstock is now secured by 81% of Bitcoin's total hashrate, meaning miners that account for amount the hashrate are also approving transactions on the layer 2. The figure was just 56% before the the onboarding of Foundry and Spiderpool, the world's largest and sixth-largest mining pools, respectively, in February. Messari also observed that transaction fees on Rootstock are 95% cheaper than the average Bitcoin transaction and 55% cheaper than those on Ethereum. Rootstock is one of numerous projects looking to bring greater utility to Bitcoin through expanding the provision for DeFi with smart contracts, enabled by "BitVMX", a modified version of the BitVM programming language. Other prominent Bitcoin layer-2 projects include Stacks and BOB ("Build on Bitcoin"). The project has also connected with bridging protocol LayerZero to enable Rootstock-native applications to connect with dozens of other blockchains, including Ethereum and Solana. Its momentum sets the stage for growing adoption of BTCFi through the remainder of 2025, according to Messari. 'As BTCFi continues to grow, Rootstock is well-positioned for broader adoption through core upgrades like a 60% reduction in transaction fees, alongside sustained investment in builder education and incentive programs," Messari analyst Andrew Yang in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
12-03-2025
- Business
- Associated Press
Bedrock Simplifies Bitcoin Staking With One-Click Access and Higher Yields Ahead of TGE
SINGAPORE, March 12, 2025 /PRNewswire/ -- Bedrock, the leading multi-asset restaking protocol in decentralized finance (DeFi) and part of GoldenBull Enterprise, continues to push the boundaries of Bitcoin DeFi (BTCFi) innovation, rolling out new features that deliver higher yields and greater accessibility for Bitcoin holders. The launch of Sonic and Corn Vaults enhances yield opportunities, allowing BTC holders to maximize their earnings through more efficient and sustainable strategies. By integrating these innovative vaults, Bedrock is reinforcing its position as the leading BTCFi protocol that enables users to earn without compromising security or decentralization. In addition to these vaults, Bedrock is lowering barriers to Bitcoin staking by introducing one-click stablecoin staking, simplifying the process for users looking to participate in BTCFi. This innovation ensures that anyone can easily stake their assets and access Bitcoin-native yield generation regardless of technical expertise. These developments reaffirm Bedrock's commitment to mass adoption, making BTCFi more accessible, composable, and rewarding. While the market anticipates the TGE, Bedrock continues to build, proving that innovation doesn't stop, even in the pre-TGE phase. TGE and the Next Phase of Bedrock's Growth The upcoming Token Generation Event (TGE) marks the next major milestone in Bedrock's expansion, bringing new utilities and user incentives. The BR token will power governance, staking rewards, and protocol incentives, unlocking even more ways for the community to engage with the ecosystem. Following the TGE, Bedrock will refine its governance model, expand liquidity programs, and introduce additional cross-chain functionality, further strengthening its long-term sustainability. Zhuling Chen, Core Contributor at Bedrock, emphasized how the TGE will fuel BTCFi innovation. 'With our upcoming TGE, we're taking this a step further—introducing more ways for users to earn from Bitcoin DeFi through continuous rewards and deeper ecosystem incentives, ensuring sustainable and long-term participation in BTCFi 2.0,' he said. Bedrock's 2025 Surge: Record Growth & Innovations Since its inception, Bedrock has delivered significant advancements that have reshaped the BTCFi landscape. Here are some of its key milestones happening since the beginning of 2025: Total Value Locked (TVL) Growth On January 31, 2025, Bedrock's TVL hit an all-time high (ATH) of $686.54 million, representing an impressive 1,685% year-on-year growth. Ecosystem Expansion Bedrock continues strengthening its position as the leading restaking sector by supporting 19 chains and over 60 DeFi partners. By integrating with major networks, including Ethereum, Optimism, BNB Chain, Mantle, Bitlayer, IoTeX, and more, Bedrock ensures seamless liquidity movement across different networks. Community Growth With 250K+ active users and exponential engagement across social platforms, Bedrock has cultivated one of the most passionate BTCFi communities. Active Users & Transactions Activity Surge From January 1, 2025, until the time of writing, the number of uniBTC holders has grown by 40%, with transactions increasing by 547%. Meanwhile, brBTC adoption has skyrocketed, with a 4,965% increase in holders and 13,183% growth in transactions over the same time frame. Ongoing Innovation & Expanding Cross-Chain Accessibility The Swap & Deposit feature, launched with Enso's support on Ethereum and BNB Chain, allows users to mint uniBTC or brBTC directly using ETH, USDT, USDC, BUSD, or DAI in a single transaction, eliminating the need for wrapped assets. Additionally, Bedrock has strengthened cross-chain bridging, enabling uniBTC transfers across Ethereum, Optimism, Corn, BNB Chain, Mantle, and B2 Mainnet, making it the most comprehensive BTCFi ecosystem. Calvin Zhou, another Core Contributor at Bedrock, highlighted the significance of this innovation, stating, 'With Swap & Deposit, we're bridging the gap between Bitcoin and DeFi. By enabling the seamless conversion of assets into uniBTC and brBTC in a single transaction, we've enhanced capital flow efficiency while ensuring automated liquidity routing across chains. This is a key step in making Bitcoin truly composable within the DeFi landscape.' As Bedrock moves toward its TGE, it is set to introduce more innovations and developments, creating new opportunities for users and Bitcoin investors to maximize their holdings. With a growing ecosystem and continuous advancements, Bedrock remains focused on expanding BTCFi's potential.
