CoinEx Daily: Bitcoin Holds Strong Above $66,000, SUI Foundation Addresses Market Concerns

Overview：

Bitcoin surged past $66,000, while Ethereum rose to $2,600 and Solana climbed to $157, indicating a clear market recovery. Meanwhile, the SUI Foundation has responded to allegations about insider token sales, further stabilizing investor sentiment. Below are the key updates in the cryptocurrency market today:

Daily Macro:

Bitcoin Market Performance:

$BTC rallied past $66,000 yesterday, signaling growing market confidence. Previous ETF inflows continued to support the price, pushing Bitcoin beyond critical resistance levels and reinforcing the overall market recovery.

Ethereum Market Performance:

Ethereum followed Bitcoin’s momentum, rising to $2,600, indicating renewed investor confidence in its ecosystem.

ETF Performance:

BTC ETF:Yesterday, BTC ETFs saw a net inflow of 471m$USD.

ETH ETF: Yesterday, ETH ETFs saw a net inflow of 2.7m$USD.

Daily Focus:

SUI Foundation Responds to Insider Sale Allegations

Reason for Focus:

In response to allegations that insiders sold $400 million worth of tokens during the recent price rally, the SUI Foundation clarified that no internal employees or affiliated members participated in these sales. The Foundation suggested that the sale likely came from an infrastructure partner. This response has eased some of the market’s concerns.

Token Performance:

SUI's price has shown fluctuations, but investor confidence may stabilize following the Foundation's clarification.

Hyperliquid to Launch Native HYPE Token

Reason for Focus:

Decentralized trading platform Hyperliquid has announced the creation of its Hyper Foundation and plans to launch its native token, HYPE. This move aims to support the growth of Hyperliquid’s ecosystem, with users eligible to receive HYPE tokens through a Genesis event if they meet certain criteria before November.

Token Performance:

Interest in Hyperliquid is expected to increase as anticipation for the HYPE token launch grows, contributing to the platform’s overall liquidity and governance capabilities.

Next Focus:

Trust Wallet's First Launchpool Project

Potential Catalysts:

Multi-chain wallet Trust Wallet has announced its first Launchpool project, where users can lock TWT or slisBNB tokens to earn rewards. This new feature will provide increased token liquidity and user engagement on the platform.

Relevant Tokens:

TWT and slisBNB holders will benefit from the added incentives, attracting more users to participate in this new offering.