The native token of IOST, a multi-chain ecosystem focused on real-world asset infrastructure, rose sharply after the project announced a $21 million raise from several top crypto venture capital firms. IOST (IOST), which aims to bridge traditional finance decentralized finance…

IOST price surges amid $21m raise to accelerate RWA growth

SUI is attempting to reclaim a crucial resistance level after its massive 
performance over the past few weeks. As it breaks out of a triangle formation, 
some analysts suggest that a rally to a new all-time high (ATH) could be 
around the corner. Related Reading: Top Crypto Exchanges Made $172 Million 
From TRUMP Memecoin Listing – Report SUI Breaks Out Of Multi-Month Pattern On 
Tuesday, SUI broke above the $4.00 resistance for the first time since May, 
hitting a two-month high of $4.10. The altcoin has seen an 81% surge over the 
past three weeks, recovering from the June retracement and setting up for a 
rally continuation. Notably, SUI ended its multi-month downtrend at the end of 
March, breaking above its descending resistance and jumping to its $4.29 high 
in May. Following the Q2 breakout, the cryptocurrency has been trading within 
the $2.33-$4.10 range. However, last month’s market pullback sent the token 
from its key $3.00 mid-range support to its three-month low of $2.22 before 
the recent recovery. Since then, SUI has reclaimed the mid-range area and 
skyrocketed toward the range high as Bitcoin’s (BTC) ATH rally leads the 
market. Over the past 24 hours, SUI has soared nearly 15% from the $3.50 
support toward the $4.00 resistance, breaking out of a triangle formation and 
potentially setting the stage for a massive breakout. Analyst Ali Martinez 
affirmed that the altcoin’s bullish price action could push its price to a new 
ATH as it has broken out of a multi-month symmetrical triangle pattern over 
the past few days and attempts to turn the next key level into support. 
According to the market watcher, SUI finally broke above the descending 
resistance after reclaiming the $3.50 area on Monday and could target a 140% 
move to the $7.60 area if there’s a spike in buying pressure. Similarly, 
analyst Nebraskangooner highlighted that reclaiming the $4.00 resistance will 
propel the cryptocurrency to a new ATH. This level has been a crucial support 
since the Q3 2024 rally and a key resistance area after the early 2025 
pullbacks. Is A Double-Digit Rally Coming? Crypto Bullet noted that SUI has 
entered its Wave 3, which eyes a double-digit target for the cryptocurrency. 
The analyst previously explained that the altcoin had a “clear 1-5 impulse off 
the April’s low &#8211; higher degree Wave (1),” before entering the corrective Wave 
2 between late May and Early June. However, “Wave 2 took longer and went 
deeper than expected (obviously due to the situation in the Middle East).” 
After the recent breakout, SUI has entered the long-awaited Wave 3, with a 51% 
increase so far, and a target above the $10 mark, the analyst detailed. 
Additionally, he pointed to SUI’s trading pair against Solana (SOL), as the 
weekly chart “Looks like a breakout is imminent.” The altcoin is currently 
retesting a crucial resistance level against SOL, which could lead to a 
breakout to the 0.0470 area. “In the coming weeks, SUI will just crush 
Solana,” Crypto Bullet forecasted. Related Reading: Unraveling The Bitcoin 
Boom: Experts Decode Record $123,000 Surge Meanwhile, Crypto Kaleo affirmed 
that the cryptocurrency has continued its bounce on its trading pair against 
BTC. At the start of the month, the analyst highlighted that SUI had bounced 
from its BTC and USD pairs, becoming one of the leading altcoins. “BTC ratio 
chart looks ready to rip out of the wedge it&#8217;s been accumulating in since the 
beginning of 2025. Up only,” he concluded. As of this writing, SUI is trading 
at $3.96, a 3% increase in the daily timeframe. Featured Image from 
Unsplash.com, Chart from TradingView.com

SUI Eyes 140% Move As Price Reclaims $4 – New ATH Imminent?

A single-word reply on X from Rep. Anna Paulina Luna (R‑FL) — “Confirmed” — 
rocketed through the crypto markets early Wednesday, convincing a growing 
chorus of traders that Federal Reserve Chair Jerome Powell’s tenure is 
measured in days, not months. Within minutes of Luna’s affirmation that 
“Jerome Powell is going to be fired. Firing is imminent,” prediction‑market 
odds of his ouster on Polymarket leapt to 26 percent, the highest reading this 
year, up from 16 percent only 24 hours earlier. A White‑House‑backed search is 
already under way. Treasury Secretary Scott Bessent, in an on‑record Bloomberg 
interview, acknowledged “a formal process that’s already starting” to identify 
Powell’s successor, adding that “there are a lot of good candidates inside and 
outside the Federal Reserve.” Related Reading: ‘Crypto Week’ Takes A Hit: US 
House Fails To Advance Key Acts President Donald Trump underscored the point 
during an impromptu press gaggle, repeating last week’s warning that “the 
renovations at the central bank were a fireable offense.” Those renovations — 
an over‑budget, $2.5 billion overhaul of the Fed’s historic Eccles Building — 
have become the legal pretext for dismissal, with Trump allies alleging 
“inefficiency” and “neglect of duty,” two of the three causes for removal 
spelled out in the Federal Reserve Act. Powell has asked the Fed’s inspector 
general to reopen its review of the project. Notably, Bill Pulte, the Federal 
Housing Finance Agency head and a longtime Powell critic, confirmed the rumors 
to his followers on X: “I heard from a very credible, bipartisan source, 
today, that Jerome Powell is considering resigning. This maps with both 
reports and also the talk in DC.” Crypto Markets Sense A Massive Bull Run The 
Bitcoin and crypto prices haven&#8217;t shown any reaction to the rumor yet. After 
piercing $123,000 on Monday, BTC is still 4.5 percent below the record high. 
The entire crypto market seems to be in a wait-and-see position. However, 
long-term, the implication could be profound for the crypto markets. “I cannot 
think of a more bullish catalyst for Bitcoin in the past five years than the 
complete and utter humiliation of Jerome Powell,” wrote macro commentator 
Julian Figueroa, pointing to what he called the “façade” of central‑bank 
independence collapsing in real time. Related Reading: Happy Ending: Crypto 
Hacker Returns Funds From $42 Million GMX Exploit Long‑time trader Byzantine 
General echoed the ambivalence: “Powell was actually a great Fed chair. But… 
if he resigns then it’s very likely that whoever comes next will lower rates, 
which is bullish for our cryptographic currencies.” Should President Trump 
succeed in replacing Powell with a more accommodating successor—one prepared 
to deliver the “three‑percentage‑point” rate cut he has publicly demanded—the 
Federal Reserve would likely be forced to shelve its balance‑sheet runoff 
precisely as Washington ramps up fresh fiscal stimulus. That synchronous pivot 
away from quantitative tightening would flip the liquidity regime from drain 
to deluge, recreating the macro backdrop that powered the crypto market&#8217;s 
2020‑21 vertical ascent and positioning it for the next major bull run. At 
press time, the total crypto market cap stood at $3.68 trillion. Featured 
image created with DALL.E, chart from TradingView.com

Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Welcome to Latam Insights Encore, a deep dive into Latin America’s most 
relevant economic and crypto news from the past week. This edition explores 
how the U.S. Senate is weaponizing bitcoin against El Salvador in a 
politicized attempt to sanction Bukele&#8217;s administration on alleged human 
rights violations. Latam Insights Encore: U.S. Senate Weaponizes Bitcoin 
Against […]

Latam Insights Encore: US Senate’s Weaponization of Bitcoin Ownership Should Raise Concerns

Billionaire Peter Thiel has bought a 9.1% stake in the crypto mining service 
company BitMine, which sent the company’s stock soaring in after-hour trading.

BitMine surges after-hours as Peter Thiel discloses 9% stake

Bitcoin has retraced slightly after hitting a new all-time high near $123,000 
as miners appear to be locking in profits. Bitcoin (BTC) has dropped roughly 
5% from its most recent peak and is trading at about $117,538 as of press…