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The native token of the Sui blockchain, SUI, has seen its prices surge over the past week amidst a broader cryptocurrency market downturn . SUI has risen 28% in the last 7 days and is currently trading around $0.5791. The rally was strengthened despite the market downturn on the heels of Sui’s Nov. 8th announcement revealing a strategic collaboration with Space and Time (SxT), a verifiable compute layer. Sui is a layer 1 blockchain created by former Facebook developers that launched its mainnet in May 2023. It aims to provide fast transactions, low fees, and highly scalable storage optimized for building decentralized applications (dApps) and games. The partnership with SxT will give Sui developers seamless access to off-chain data through SxT’s data warehouse. It also designates SxT as the preferred data repository for the Sui ecosystem. Additionally, Sui developers can leverage SxT’s suite of zero-knowledge proof-based tools to build secure, data-driven dApps ...

Toncoin (TON) gained bullish momentum over the past week as positivity around the asset grows strong .  TON registered 8.7% gains in the past 24 hours and is trading at $2.63 at the time of writing. The asset’s market cap surpassed the $9 billion mark with the recent surge, marking an 11-month high.  TON price, social volume, and open interest – Nov. 8 | Source: Santiment The surge comes after Telegram founder Pavel Durov announced the giveaway of 10,000 premium subscriptions to his messenger app. According to his post, Durov purchased the premium accounts for TON coins worth roughly $200,000.  You might also like: Custodia Bank announces Bitcoin custody platform launch On Nov. 3, the Dubai Financial Services Authority approved using TON and XRP in the regulator’s region.  Consequently, the positive sentiment around TON has triggered a strong “buy” signal . According to data provided by the market intelligence platform Santiment, Toncoin’s p...

Bitcoin surpassed the $31,000 mark, with investor optimism fueled by the anticipation of spot bitcoin exchange-traded funds (ETFs) and the entry of prominent players into the digital currency industry. Bitcoin cash (BCH) and bitcoin SV (BSV) also join today’s top gainers with a 32.39% and 20.19% gains, respectively. JUST IN: #Bitcoin breaks $31K pic.twitter.com/t9JK1DGAV1 — CoinGecko (@coingecko) June 23, 2023 Behind the surge in value Bitcoin’s price surged past the $30,000 mark on June 21, driven by an optimistic sentiment among traders who foresee potential spot bitcoin ETFs from industry giants like BlackRock, WisdomTree, and Valkyrie. This string of filings began with BlackRock on June 15, which was followed by an unnamed source stating that a partnership with Coinbase Custody, a renowned cryptocurrency storage and management platform based in New York City, was also being leveraged. As one of the largest money managers, the filing is likely believed to be a si...