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CoinEx Daily:Bitcoin Fluctuates Around $64,000; SUI Ecosystem Performs Steadily; CZ to be Released Soon

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Published on 2024-09-23


Overview


Bitcoin's price is currently fluctuating around $64,000. The SUI ecosystem is performing steadily, and Zhao Changpeng (CZ) is set to be released soon.


Daily Macro


Bitcoin Market Bitcoin is currently fluctuating around $64,000.

Bitcoin ETF Preliminary reports on September 20 indicate a net inflow of $96 million.

Ethereum ETF Preliminary reports on September 20 indicate a net inflow of $2.87 million.

Macroeconomic Data Spot gold continues to hit historical highs. In the coming months, gold prices are expected to be supported by the Federal Reserve's interest rate cuts, a weakening dollar, and rising geopolitical tensions.


Daily Focus


SUI

Reason for Focus: SUI and its ecosystem tokens have recently shown strong performance, with prices generally rising. The launch of the Grayscale Trust Fund, the issuance of native USDC, and the influx of meme culture have further promoted the development of the SUI ecosystem.

Related Token Performance (24 hours):

CETUS: +4.8%

SCA: +6.8%

NAVX: +11.4%

Market Outlook: The theoretical performance of Sui is on par with Solana, and it has gained support from top investment institutions, demonstrating strong market potential. Currently, Sui's TVL has exceeded $900 million, with stablecoins reaching $400 million, showing good market recognition. With the issuance of native USDC and the application of zklogin technology, Sui is expected to attract a large number of users to the Web3 field, presenting broad market prospects.


Next Focus


CZ's Release

Reasons for Focus: Zhao Changpeng (CZ) is confirmed to be released at the end of the month. He was previously sentenced to four months in prison for allegedly violating U.S. laws, specifically for not complying with U.S. anti-money laundering regulations. As the founder and CEO of Binance, CZ holds significant influence in the cryptocurrency industry.

How to Participate: Ordinary users can follow the event's developments to respond to potential impacts. It is recommended to pay attention to Binance-related BNB and BSC ecosystem tokens.