Plasma, a stablecoin-focused layer 1 blockchain, has raised $373 million in a public token sale, positioning itself as a major new player in the stablecoin infrastructure space. According to a statement on Plasma’s official X account, the company raised $373…

Plasma stablecoin layer 1 raises $373M in oversubscribed token sale

Crypto markets are under pressure as bearish momentum tightens its grip on 
several altcoins. SUI continues to slide below key moving averages, signaling 
sustained weakness, while FARTCOIN extends its downtrend with a series of 
lower lows and highs. With both assets nearing critical support levels and 
momentum indicators flashing warning signs, a bounce is coming, or downside 
could be imminent. Bearish Momentum Builds As SUI Trades Below Key Moving 
Averages In a recent post, Gemxbt highlighted that SUI is currently locked in 
a downtrend, with the price trading below its 5, 10, and 20-period moving 
averages. This alignment of short-term averages below the current price level 
signals sustained bearish momentum, as sellers continue to dominate market 
activity. Related Reading: SUI MACD Signals Massive Rally Ahead — 400% Price 
Surge Possible Adding to the cautious outlook, the Relative Strength Index 
(RSI) is hovering near oversold territory, which often indicates weakening 
selling pressure. While this suggests that SUI could be due for a short-term 
bounce or relief rally, it is not yet a strong reversal signal on its own. The 
Moving Average Convergence Divergence (MACD) indicator remains firmly in 
bearish territory, reinforcing the idea that downward momentum may persist in 
the near term. The lack of a bullish crossover or divergence in the MACD lines 
suggests that sellers still have the upper hand. Gemxbt pointed out that the 
key support level to watch is around $3.92. A drop below this level could 
accelerate the decline, while a rebound from it, especially with a noticeable 
increase in volume, might indicate a shift in sentiment. Until such a volume- 
driven move occurs, the overall trend remains downward. Bearish Structure 
Intact As FARTCOIN Forms Lower Lows And Highs According to Gemxbt in another 
post, FARTCOIN is currently exhibiting a bearish market structure, 
characterized by a series of lower highs and lower lows. This pattern points 
to sustained selling pressure, with bears firmly in control of the price 
action for now. Related Reading: Fartcoin Reaches Critical Make-Or-Break 
Level: Analyst Reveals What Could Happen From $0.77 Fartcoin’s RSI is 
approaching oversold territory, which could indicate that the asset is nearing 
a point where a short-term bounce or relief rally might occur. However, while 
the RSI hints at a possible rebound, it does not yet confirm any shift in the 
prevailing downtrend. Meanwhile, the MACD continues to reflect bearish 
momentum, with no signs of a bullish crossover. This reinforces the broader 
downtrend and suggests that any potential bounce may be limited unless 
momentum indicators begin to shift more favorably. The analyst went on to 
state that key support is currently identified around the 0.0003500 level, 
while resistance lies near 0.0004500. A decisive break of either of these 
levels could determine the next significant move for FARTCOIN. Featured image 
from Adobe Stock, chart from Tradingview.com

Crypto Bears In Control: SUI Below Key MAs, FARTCOIN Forms Lower Lows—What’s Next?

A stablecoin pegged to the local fiat currency removes the need for currency 
conversions, offering a far more accessible solution for daily transactions.

Asia’s stablecoin future: Local stablecoins aren’t just an option, they’re a necessity | Opinion

Snaky Way ($AKE) is slithering into the crypto jungle, riding the symbolism of 
the Chinese zodiac’s Year of the Snake with a presale that’s as slick as its 
name. This isn’t just another meme coin jumping on the hype train, it’s 
coiling up at the sweet spot where viral trends meet real utility, all while 
keeping that cheeky meme energy investors love. Built for both meme coin 
degenerates and serious crypto hunters, Snaky Way promises more than just 
short-term laughs. It’s packing unique features designed to set it apart from 
the usual pump-and-dump crowd—giving you a project that’s equal parts fun, 
functional, and future-focused. Multichain Architecture Expands Reach Unlike 
many single-chain projects, Snaky Way is designed to operate across multiple 
blockchains. $AKE will be accessible on networks including Ethereum and 
Binance Smart Chain, enhancing liquidity, lowering transaction costs, and 
broadening user participation. The multichain model accelerates adoption ($AKE 
gets bigger, faster, for longer) and provides a flexible foundation for future 
expansions, making the token accessible regardless of user preference for 
blockchain infrastructure. High-Yield Staking Incentives Attract Early 
Participation Snaky Way’s staking platform is a core feature of the project’s 
ecosystem, offering users an opportunity to earn returns by locking up their 
tokens. Staking APYs for the presale are above 10,000% dynamic, with over 78M 
$APE staked. Staking reduces the circulating supply, builds community loyalty 
early on, and potentially contributes to price stability post-launch. From 
Meme to Utility: Gaming, AI, and Strategic Roadmap While branding itself as a 
meme coin, Snaky Way aims to deliver functionality beyond internet culture. 
The platform supports staking, play-to-earn gaming, and will implement AI- 
powered mechanisms (buybacks, marketing) to assist in long-term value. 
Competitive Gameplay and Token-Driven Tournaments A play-to-earn game forms 
another layer of the project’s ecosystem. Grow your snake, rank on 
leaderboards, and earn $AKE prizes in tournaments. With games accessible on 
both desktop and mobile, the competition encourages viral engagement and 
incentivizes player retention through rewards and referral bonuses. AI Buyback 
Mechanism Targets Market Resilience Snaky Way’s use of AI supports token price 
stability. The AI system will monitor market conditions and perform buybacks 
at optimal moments. While price performance remains unpredictable in crypto 
markets, the inclusion of algorithmic market intervention sets Snaky Way apart 
from many meme coin projects. Presale Offers Early Access to $AKE Token: Don’t 
Let It Escape! The $AKE presale presents an opportunity for early supporters 
to purchase tokens before the project’s public launch. Funds raised will be 
allocated to staking infrastructure, gaming development, and marketing 
campaigns. To participate, users can connect a crypto wallet like MetaMask to 
the official Snaky Way website, select a supported blockchain, and complete 
the transaction. Make sure you have enough $ETH or $BNB to cover network fees. 
A Risk-Aware Bet on a Snake-Themed Breakout While no crypto project guarantees 
returns, Snaky Way’s blend of meme culture, staking rewards, multichain 
accessibility, and AI-driven market support suggests a serious attempt to 
break out of the noise. Whether $AKE becomes a top performer remains to be 
seen, but as the Year of the Snake continues, the groundwork is in place for 
Snaky Way to grow big in a hurry. Do your own research – this isn’t financial 
advice.

Snaky Way ($AKE) Launches Presale With Multichain Support, Gaming Rewards, and AI Buybacks

Stocks signaled an upbeat outlook on Tuesday amid largely encouraging earnings 
results, with major indices edging higher at the open ahead of the Federal 
Reserve’s meeting, key jobs data, and a looming tariffs deadline. The S&amp;P 500 
and Nasdaq opened…

S&P 500 rises ahead of Fed meeting, jobs data

On Tuesday morning, Bitmine Immersion Technologies announced a $1 billion 
program to repurchase its outstanding common stock. The open-ended program, 
approved by the board, allows Bitmine to buy shares on the open market or 
through negotiated transactions. Chairman Tom Lee stated the move aligns with 
achieving “the alchemy of 5%” of ETH, suggesting repurchases could […]