After breaching Iran’s largest crypto exchange, the pro-Israel hacker group Gonjeshke Darande claimed to have destroyed more than $90 million in digital assets taken from Nobitex’s wallets. In a June 18 update via X, the group said it had burned…

Over $90M stolen from Iran’s Nobitex exchange burnt by pro-Israel hacker group

The French National Assembly has decided not to discuss the subject of bitcoin 
mining as a possible destination for the French energy surplus. The recently 
introduced amendment was rejected on procedural grounds, which means the 
measure&#8217;s intent was not fully discussed. National Assembly of France Dodges 
Bitcoin Mining Proposal for Now Bitcoin is now being […]

France Rejects Bitcoin Mining Proposal

The U.S. is currently demonstrating leadership in the crypto regulation space, 
offering a blueprint that other nations can adapt.

DeFi at a crossroads: The SEC’s new stance could change everything | Opinion

After falling below the key $3.00 mark, SUI now retests a make-or-break level 
that could ignite or stall the cryptocurrency’s rally. However, some market 
watchers believe that the altcoin is preparing for new highs despite the 
recent pullback. Related Reading: Bitcoin Setting Up For ‘Large Move’ Amid 
$103,000 Retest – Key Levels To Watch SUI Eyes Breakout To $5 This week, SUI 
fell below the $3.00 mark amid the Israel-Iran news-fueled market retrace. The 
cryptocurrency has seen a 7% decline over the past three days, hitting a two- 
month low of $2.68 on Wednesday morning before recovering. Since its late 
April breakout, SUI has been trading within the $2.33-$4.10 range, with the 
price hovering around the upper boundary over the past two months. Notably, 
the altcoin ended its multi-month downtrend after breaking above its 
descending resistance at the end of March, leading to its rally to the $4.00 
mark. On Wednesday, analyst Crypto Bullet suggested that it could be preparing 
for a similar performance. According to the post, SUI broke down a falling 
wedge pattern before bouncing off the yearly Exponential Moving Average (EMA) 
and Moving Average (MA) between March and April, which propelled the downtrend 
breakout and rally to its May high. Now, the cryptocurrency is testing the EMA 
and MA again, while printing a new falling wedge pattern that targets the 
$5.00-$5.50 area. To Crypto Bullet, “This is where SUI is gonna establish a 
Higher Low and soon rise to a New ATH.” Earlier this month, the analyst also 
highlighted a one-year rising wedge pattern that eyes the $8-$10 levels as the 
next major target for the cryptocurrency. The high-timeframe chart shows the 
altcoin has been hovering between the pattern’s upper and lower boundaries 
since early 2024. Amid its April price action, the cryptocurrency bounced from 
the pattern’s support, suggesting that a surge to the resistance line will 
come in the coming months if history repeats. Make-Or-Break Level Retest 
Meanwhile, trader Coinvo noted that SUI is currently retesting a make-or-break 
level, the key $2.80 area, which acted as support and weak resistance earlier 
this year. Holding this level is crucial for the cryptocurrency’s rally, as a 
drop could send the price toward the $2.33 range low and risk a potential 
retest of the $2.00 support. On the contrary, price stability in this area 
could propel a reclaim of the $3.00 barrier and a recovery of the range highs, 
which is necessary for a bullish rally continuation. As analyst Rekt Capital 
previously warned, June’s performance will be decisive for its mid-term 
action. Related Reading: Ethereum Eyes Big Move As Price Compresses Between 
Key Levels – $2,100 Or $4,000 Next? It’s worth noting that SUI has built a re- 
accumulation range around the same levels as it did in late 2024. At the time, 
it consolidated around the $3.39-$3.78 levels for weeks before Weekly Closing 
above the range and setting up for its all-time high (ATH) breakout. This 
time, the cryptocurrency has been consolidating less cleanly than last year, 
failing to secure a weekly close inside the range for two consecutive weeks. 
SUI must reclaim the $3.39 area in the coming weeks to maintain its Monthly 
Bull Flag and position itself for higher levels. As of this writing, SUI is 
trading at $2.79, a 3.3% decline in the daily timeframe. Featured Image from 
Unsplash.com, Chart from TradingView.com

SUI Preparing For New Highs As Falling Wedge Breakout Targets $5

South Korea’s newly elected president Lee Jae-myung reportedly promised to 
reduce crypto trading transactions as part of his presidential campaign.

South Korea to investigate fees by local crypto exchanges

Hackers behind the $100 million Nobitex exploit have released the exchange’s 
full source code, escalating tensions amid the Israel-Iran conflict.