The attacker behind the $40 million GMX exploit has begun returning the stolen crypto after accepting a $5 million white hat bounty offered by the GMX team.

Hacker returns stolen funds from $40M GMX exploit

SUI is positioned for further upside, and backed by technical momentum and solid volume support. However, maintaining the price above the key moving averages will be crucial for the continuation of this bullish run. Volume Spikes Confirm Breakout Strength According to Gemxbt&#8217;s post on X, the SUI 1-hour chart is showing a strong uptrend, with the price trading above the 5, 10, and 20-day moving averages, which is a sign of short-term momentum and sustained buyer strength. Related Reading: SUI Prints Classic Reversal Setup With Triple Top Formation The Relative Strength Index (RSI) is approaching overbought territory, which warns of a potential short-term pullback and suggests that traders should be cautious of a temporary pause as the market digests recent gains. Meanwhile, the Moving Average Convergence Divergence (MACD) is bullish with a widening gap between the MACD line and the signal line. This expansion often precedes continuation in trending markets and confirms that momentum is accelerating. Trading volume has increased notably alongside price movement. The rising volume during an uptrend suggests that the move is a genuine market participation. Analyst LORD ATU also stated that SUI is trading at $2.90 on the daily chart, with a solid 9.69% weekly gain, and showing clear signs of bullish momentum. The price action falling wedge pattern is typically a bullish continuation signal with a potential target at $3.20, and if confirmed with volume, a breakout will follow through. However, a bearish head and shoulders formation is also beginning to emerge, which is signaling a potential drop toward the $2.30 support zone, which is a level of prior structure and support. LORD ATU noted that the key levels to watch out for are the support at $2.88, which is a crucial short-term floor that must hold to maintain the uptrend, and resistance at $3.15, where a clear break could trigger momentum higher. The SUI ecosystem growth looks strong, with increasing development activity and solid fundamentals. However, an upcoming token unlock could introduce fresh supply pressure and volatility. Momentum Accelerates After Consolidation Phase Another Analyst, Profit Demon, also mentioned on X that SUI has completed a bullish flag pattern breakout on the 3-day chart, which is signaling a shift in market sentiment after a period of consolidation. This continuation pattern often marks the end of sideways movement and the resumption of an existing uptrend. Related Reading: SUI Prepares For Bullish Flag Breakout Amid $3 Reclaim – Analyst Doubles The Target The upward momentum is building after the consolidation phase, which supports the increased buying interest and favorable market conditions. SUI trading at $3.51 on the daily chart | Source: SUIUSDT on Tradingview.com Featured image from iStock images, chart from tradingview.com

SUI Explodes Higher, Climbing Above 20-Day MA — But Can The Rally Hold?

A Friday report from Bloomberg suggested closer ties between US President 
Donald Trump&#8217;s family-backed crypto business and one of the largest digital 
asset exchanges.

Binance helped create World Liberty Financial stablecoin — Report

Sei extended its recent gains to its highest level in five months, jumping 22% 
to touch highs of $0.35, with stablecoin integration a key catalyst. The Sei 
(SEI) token gained as top cryptocurrencies mirrored Bitcoin (BTC)’s surge to 
new record…

Sei price jumps 22% to 5-month high, driven by USDC integration

While bitcoin hovers above the $117.7K mark, cruising close to $118K, its 
elusive creator, Satoshi Nakamoto, now ranks as the 11th wealthiest person on 
Earth—edging out Michael Dell, the founder, chairman, and CEO of Dell 
Technologies. Satoshi’s Unmoved Coins Could Crown Him King of Global Wealth 
With an estimated 1.096 million BTC valued at $128.92 […]

World’s 11th Richest: Satoshi Nakamoto Overtakes Michael Dell With $129B Bitcoin Fortune

Tether just axed USDT support on five blockchains in a calculated move to trim 
fat from its multi-chain footprint. The stablecoin giant is shedding legacy 
chains to focus on networks that actually move volume, signaling where 
stablecoin liquidity is heading.…