Sui faces further sell-off risk as SEC delays Canary Capital’s spot SUI ETF decision

Ethereum’s price just shot up 7.5% in a day, breaking past a stubborn resistance level at $2,550—something it hasn’t done in weeks. Analysts are now eyeing whether it can hold this momentum and push toward even higher price points, though some caution that a pullback could happen first.

Editor’s Note: For crypto traders, this isn’t just another price bump—it’s a potential signal that Ethereum might be gearing up for a bigger move. If ETH holds above this level, it could attract more buyers and fuel further gains. But if it stumbles, it’s a reminder that crypto markets are still volatile, even for the second-biggest player. Either way, it’s a key moment to watch.

Arthur Hayes, ex-CEO of BitMEX, thinks the U.S. government’s mounting debt could hit a wall—unless stablecoins step in as a lifeline. In a recent blog post, he argued that these crypto-backed tokens might soon become a key way for the Treasury to keep borrowing money, which could ironically end up driving more demand for Bitcoin as a hedge.

Editor’s Note: If Hayes is right, this could be a big deal for both crypto and traditional finance. Stablecoins, often seen as boring cousins to Bitcoin, might suddenly become central to how the U.S. funds itself—while Bitcoin could benefit as a backstop if things get shaky. It’s a reminder that crypto’s role in the global economy keeps evolving in unpredictable ways.

Bitcoin mining company Hut 8 has locked in significant power supply agreements in Canada, securing long-term energy access for its operations. This move ensures stable electricity costs and reinforces the company’s foothold in a region with relatively cheap and clean energy—key for energy-intensive crypto mining.

Editor’s Note: For Hut 8, this is a big win—cheap, reliable power is the lifeblood of Bitcoin mining, and locking in contracts helps hedge against price spikes. For the broader crypto industry, it signals confidence in Canada as a mining hub, especially as other regions crack down on energy use. Plus, with growing scrutiny over crypto’s environmental impact, securing clean(er) energy deals could help Hut 8’s reputation.

Australian crypto billionaire Tim Heath narrowly dodged a kidnapping attempt in Estonia when attackers tried to force him to hand over his digital assets. In a wild twist, Heath fought back—reportedly biting off one assailant’s finger—to escape the ambush. Local media suggests the operation was well-planned, highlighting the risks high-profile crypto figures face.

Editor’s Note: Kidnappings targeting crypto wealthy aren’t new, but this brazen attack—and Heath’s gruesome self-defense—underscores how digital fortunes are making billionaires into targets. It’s a stark reminder that even in the decentralized world of crypto, real-world threats are very much alive.

Hyperliquid (HYPE) is on a hot streak, with its token price jumping 6% in a day to nearly $40. The surge comes as more users deposit funds into its bridge (a key tool for moving assets) and anticipation builds around upcoming network upgrades. While it’s still trading in a relatively tight range, the combo of fresh capital and tech improvements has traders feeling optimistic.

Editor’s Note: For crypto watchers, Hyperliquid’s uptick isn’t just about price—it signals growing confidence in its infrastructure. Rising bridge deposits suggest users are engaging more with the platform, and planned upgrades could make it even more competitive in the crowded DeFi space. If the momentum holds, it might shake up the layer-2 conversation.