Sui has witnessed a significant rally over the past week and has outperformed 
other digital assets. Here&#8217;s what&#8217;s behind the surge, according to Santiment. 
Sui Rallied To A Peak Of $1.41 On Sunday The cryptocurrency sector as a whole 
has seen some recovery over the last week, but a few assets have clearly stood 
out in terms of the returns that they have witnessed. Among these is Sui, 
which is up nearly 40% inside the window. Related Reading: Bitcoin Exits 
‘Panic Zone,’ But Capital Inflows Remain Weak The below chart shows how the 
altcoin&#8217;s recent trajectory has looked. As is visible in the graph, SUI shot 
up to a peak of $1.41 on Sunday. Compared to the $0.90 baseline before this 
rally, the run resulted in an increase of more than 56%. Though, the asset 
hasn&#8217;t been able to retain all of these profits, as its price has retraced 
back to the $1.28 mark. Nonetheless, its weekly jump of close to 40% is still 
among the best returns in the market. Following the surge, Sui ranks as the 
21st largest token in the sector in terms of market cap. From the table, it&#8217;s 
visible that with a market cap of over $5.1 billion, Sui ranks ahead of 
Litecoin (LTC), which has a total valuation of about $4.5 billion. The altcoin 
still falls short of the stablecoin Dai (DAI), but only by around $230 
million. Now, what&#8217;s behind the sharp rally experienced by the cryptocurrency? 
On-chain analytics firm Santiment has provided some insight. SUI&#8217;s Run Has 
Come Without A Social Dominance Spike In a new post on X, Santiment has talked 
about the latest SUI price surge. According to the analytics firm, the trigger 
behind the rally has been Sui Group moving its entire 108.7 million tokens 
treasury from DeFi protocols to direct staking. This shift alone removed 2.7% 
of the cryptocurrency&#8217;s supply from liquid circulation. Santiment added that 
there were also two other catalysts, noting &#8220;CME Group SUI futures launching 
May 29 (only the fifth L1 with regulated derivatives access), and Paga 
partnership for cross-border African payments.&#8221; Related Reading: XRP Pulls 
Back, But TD Sequential Flashes Buy Signal An interesting trend that has come 
alongside the rally is in the asset&#8217;s Social Dominance, which is an indicator 
tracking the percentage of social media discussions related to the top 100 
tokens that involve Sui. As displayed in the above chart, the Sui Social 
Dominance spiked to 0.38% before the rally, but interestingly, it remained at 
just 0.14% during the surge. This means that despite the impressive rally, the 
asset didn&#8217;t catch the attention of the masses. &#8220;The conversation isn’t 
outrunning the price,&#8221; said Santiment. &#8220;Institutional supply locks driving a 
rally look different on-chain than retail FOMO.&#8221; Featured image from Dall-E, 
chart from TradingView.com

SUI Surges 40%: Analytics Firm Explains What’s Driving The Rally

eBay&#8217;s rejection highlights significant barriers in acquisition talks, 
impacting market confidence and potentially altering future strategic moves.
The post EBay rejects GameStop&#8217;s $125 per share takeover proposal appeared 
first on Crypto Briefing.

EBay rejects GameStop’s $125 per share takeover proposal

On May 12, the Senate Banking Committee released updated text of the CLARITY 
Act ahead of a scheduled May 14 markup. The bill would establish new rules for 
digital asset intermediaries, define how certain network tokens are treated, 
expand the role of federal market regulators, and create a path for banks to 
offer crypto-related services. […]
The post CLARITY Act’s final draft has been released ahead of May 14 markup &#8211; 
What’s in it? appeared first on CryptoSlate.

CLARITY Act’s final draft has been released ahead of May 14 markup – What’s in it?

Venture capital&#8217;s shift towards younger founders signals a tech industry 
evolution amid bubble concerns.
The post Kevin Hartz: AI branding lacks genuine innovation, larger VC funds exhibit arrogance, and the startup landscape is shifting towards younger founders | Uncapped with Jack Altman appeared first on Crypto Briefing.

Kevin Hartz: AI branding lacks genuine innovation, larger VC funds exhibit arrogance, and the startup landscape is shifting towards younger founders | Uncapped with Jack Altman

Bitmine Immersion (BMNR) said on Monday that its Ethereum (ETH) holdings have 
continued to climb, reaching 5 million tokens and getting closer to the 
company’s longer-term goal of owning 5% of the total ETH supply. The firm 
described the update as evidence that a “crypto spring” has begun, and used 
the announcement to reinforce why it believes ETH matters not only as an 
asset, but also as a form of diversification for investors. What’s In Bitmine 
Immersion’s Portfolio? According to Bitmine’s disclosure, the company controls 
more than 4.31% of ETH’s total supply of 120 million coins. The release also 
breaks down its overall crypto and non-crypto holdings as of May 10. Bitmine 
reported 5,206,790 ETH valued at $2,366 per ETH, along with 201 Bitcoin (BTC). 
Beyond the major cryptocurrencies, the company said it has a $200 million 
stake in Beast Industries, an $88 million stake in Eightco Holdings, and total 
cash of $775 million. Related Reading: Strategy May Be Buying Bitcoin Again 
Despite Q1 Sell Talk Bitmine also provided figures on staking. As of May 10, 
it said its total staked ETH stands at 4,7 million, which it valued at $11.1 
billion using the same $2,366 per ETH reference. The company added that its 
staked ETH volume is higher than that of other entities globally. “Bitmine has 
staked more ETH than other entities in the world,” the company’s CEO Tom Lee 
said in the release. He continued that, at scale, the projected staking reward 
is $352 million annually, based on a 2.86% 7-day BMNR yield. Lee tied the 
company’s accumulation strategy to broader market drivers. He said the firm 
wants to highlight the role of owning ETH as a diversification tool, alongside 
the factors he believes could push the next “crypto bull” phase. Is ‘Crypto 
Spring’ Already Here? Bitmine also disclosed that its buying and staking 
activity is directly contributing to reduced circulating supply. Lee stated 
that, since the start of 2026, the company has acquired over 1 million ETH and 
accumulated more than 4.3% of the total supply. He said Bitmine intends to 
hold and stake its ETH holdings, meaning those coins are effectively removing 
liquidity from the market. In his words, ETH has been “disinflationary since 
June 2025” because Bitmine had already removed 4.3% of ETH supply from 
circulation since June 30, 2025. The company also adjusted its near-term 
accumulation plan. Lee said Bitmine has decided to slow down the pace of 
weekly accumulation from a targeted rate of more than 100,000 ETH per week. 
Lee said maintaining the earlier pace of weekly purchases would have meant 
reaching the 5% level by mid-July, but the shift now reflects a change in 
timing for how quickly the target is approached. Related Reading: Dogecoin 
Price Set To Hit $5 Amid New Influx From Smart Money? Lastly, Bitmine pointed 
to market correlations it believes support its “crypto spring” thesis. The 
company said ETH prices have been correlated with software stocks. It stated 
that both ETH and the software ETF have been moving higher together in recent 
months. In its interpretation, the recovery in software stocks during 2026 is 
additional evidence that “crypto spring” has commenced. At the time of 
writing, ETH was trading just below the company’s average purchase price of 
$2,366, but was still holding on to gains of 2.3% over the previous two weeks. 
Featured image created with OpenArt, chart from TradingView.com

Bitmine ETH Holdings Cross 5.2 Million—CEO Announces New Phase For Crypto Markets

The escalation threatens regional stability, complicates peace efforts, and 
raises the risk of broader military conflicts in 2026.
The post Israel intensifies assault on Lebanon, violating US-brokered 
ceasefire appeared first on Crypto Briefing.

SUI Surges 40%: Analytics Firm Explains What’s Driving The Rally

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