Day: May 7, 2025

SUI Price to $5? Bullish Pattern Gives Hopium

Key Notes SUI’s community sentiment on CoinMarketCap shows a strong bullish outlook. 21Shares recently partnered with Sui to drive global Layer-1 adoption. Analysts indicate a bull flag pattern, known for leading breakout rallies. Sui blockchain’s native token, SUI SUI $3.65 24h volatility: 5.3% Market cap: $12.18 B Vol. 24h: $1.76 B , is recording strong bullish sentiment on CoinMarketCap’s community sentiment indicator. Currently trading around $3.40, the token has risen by nearly 1.7% in the past 24 hours. After a sharp rally of over 75% in the second half of…

Bitcoin Targets $100K Breakout If Key Support Holds

Key Notes Positive US-China trade talks and the Federal Reserve’s $20 billion daily bond purchases are boosting Bitcoin and crypto market sentiment. Analysts expect Jerome Powell’s FOMC commentary and potential rate cuts on May 7 to play a decisive role in Bitcoin’s trajectory. Large wallets holding 10 to 10,000 BTC have accumulated 81,338 BTC over six weeks. Ahead of the FOMC meeting on Wednesday, and following positive developments in the US-China trade talks, Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B price has…

Whales boost Bitcoin holdings by 81K BTC amid retail sell-off

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Bitcoin whales are quietly stacking while retail traders sell off, indicating growing confidence among long-term holders. On-chain data from Santiment, shared on a May 7 post on X, shows that wallets holding between 10 and 10,000 Bitcoin (BTC) have added over 81,000 BTC in the past six weeks. The holdings of this group, which typically tracks long-term trends, increased by 0.61%. Smaller wallets with less than 0.1 BTC, on the other hand, sold off 290 BTC in the same period.  🐳 As May progresses, Bitcoin’s key stakeholders are mostly moving…

Ethereum’s Pectra network upgrade goes live today: What to expect

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Ethereum — the network that unleashed smart contracts on the world — moves on to the next chapter with today’s Pectra upgrade, but what does it really mean? Pectra is scheduled to go live on Ethereum mainnet at the start of epoch 364032, May 7, 2025, at around 10:00 am UTC. The three main Ethereum improvement proposals (EIPs) included are EIP-7702, EIP-7251 and EIP-7691. Ethereum Pectra Consensys announcement. Source: Consensys EIP-7702 allows externally owned accounts to act as smart contracts and cover gas expenses (transaction fees) and payments in tokens that…

Bitwise Files for NEAR ETF as Volume Jumps 50% — $3 Next?

Key Notes NEAR jumped over 5% intraday, touching $2.38 before settling near $2.30. Bitwise has filed to launch the first US-based spot NEAR ETF with the SEC. NEAR’s 24-hour trading volume spiked over 50%, signaling strong investor interest. NEAR Protocol’s native token, NEAR NEAR $2.58 24h volatility: 4.3% Market cap: $3.12 B Vol. 24h: $146.53 M , is trading around $2.30 on May 7 after briefly rallying over 5% earlier in the day, from $2.23 to $2.38. This comes amid renewed investor interest as Bitwise, one of the largest digital…

TRON Block Production Hits 99.7% as $1B USDT Mint Boosts Network Activity

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Crypto Holders Lost $357M to 18 Major Hacks in April

Key Notes The crypto ecosystem lost over $350 million to hacks in April. A suspicious Bitcoin transaction leads the chart. 18 major hacks were recorded in April. Following a significant decline in March, the amount of crypto assets lost to hackers again rose by almost 11 times in April. According to data from PeckShield, hackers stole roughly $357.11 million from crypto holders in April. In total, 18 major hacks were recorded. #PeckShieldAlert In April 2025, 18 major crypto hacks were recorded, resulting in $357.11M in total losses. Notably, @zksync, @KiloEx_perp,…

Standard Chartered Bank Predicts $2,800 BNB by 2028

The bank’s analysis says that BNB trades like “an unweighted index” of bitcoin and ether “in terms of both returns and volatility.” Standard Chartered Forecasts BNB to Hit $2,800 Within Four Years Standard Chartered Bank, the $800-billion financial institution headquartered in London, England, published a research report on Tuesday predicting that BNB, the cryptocurrency powering […] Source CryptoX Portal

Hacken CEO sees ‘no shift’ in crypto security as April hacks hit $357M

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Despite the $1.4 billion lost in the recent Bybit hack, crypto companies have not changed their approach to cybersecurity, according to Hacken CEO Dyma Budorin.  In an interview with Cointelegraph at the Token2049 event in Dubai, Budorin said the industry continues to rely on limited measures such as bug bounties and penetration tests, rather than implementing comprehensive, layered security strategies: “Most of the projects think, ‘Okay, we did pentests. That’s enough. Maybe bug bounty. That’s enough.’ It’s not enough.” He said that crypto companies must go beyond these isolated security…