SUI is currently down 56% from its January all-time high, consolidating around a key support level as the broader market battles ongoing volatility and selling pressure. Like much of the crypto space, SUI has been hit hard by global macroeconomic uncertainty and investor risk aversion, leading many analysts to expect a continuation of the downtrend.

FDUSD, the sixth-largest stablecoin (market cap $2.5 billion), saw a significant depeg yesterday morning to $0.91. The peg has since recovered, though FDUSD suffered a market cap loss of about $200m.

After the temporary detachment from the dollar of the stablecoin FDUSD, Wintermute quickly transferred 75 million dollars in tokens, taking advantage of an arbitrage opportunity that may have generated over 3 million dollars in profit. Let's see all the details in this article.

FDUSD regained its peg after a brief dip, following accusations that caused a market panic and a withdrawal of funds.

Market makers' blockchain transactions point to a potential $3 million arbitrage opportunity related to the depegging of the FDUSD stablecoin.The First Digital US dollar-pegged stablecoin (FDUSD) depegged on April 2, after Tron founder Justin Sun claimed that the stablecoin issuer was insolvent. Market marker Wintermute transferred over 75 million FDUSD tokens back to First Digital within a day since the stablecoin depegged to $0.87.

The sudden dip caused panic among investors, leading to a 13% drop in value. During this time, the Wintermute trading firm swiftly withdrew 31.36 million FDUSD from Binance.

Sui is taking blockchain beyond finance and into entertainment with Sui Splash™. At Sui Waterpark, visitors access facilities with digital passes.

Sui price continues to hold above its key support zone despite the recent token unlock and is eyeing a potential bullish reversal if it can break above a key resistance level of $2.52. Sui (SUI) is currently trading at $2.

First Digital USD (FDUSD) crashed and de-pegged as low as 13% after Justin Sun claimed its issuer, First Digital Trust, did not hold sufficient funds to back the outstanding stablecoins. Soon after that, FDUSD returned close to its $1 peg.

FDUSD, a stablecoin issued by Hong Kong-based First Digital, briefly lost its $1 peg this week, sparking investor concern over its reserves. Prices dropped as low as $0.87 against Tether (USDT) and $0.76 against Circles USDC on Binance, its main trading platform.

Binance has reaffirmed the accuracy of FDUSD's reserve attestation for February, following concerns sparked by a brief de-pegging event. In an Apr.

A prominent stablecoin depegged from the US dollar Wednesday morning after it was alleged that its Hong Kong-based issuer was bankrupt In a new thread on the social media platform X, crypto billionaire and Tron (TRX) founder Justin Sun urged his followers to “take immediate action” to protect any assets they held in FDUSD, a

Tron founder Justin Sun accused First Digital Trust of being insolvent regarding its TUSD stablecoin. This prompted another FDUSD, another asset from the same company, to temporarily depeg to a low of $0.87.

A stablecoin called First Digital USD lost its dollar peg after Tron founder Justin Sun claimed that its issuer is effectively insolvent.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

First Digital's stablecoin, FDUSD, slipped almost 10% today, falling below its intended peg after news broke of a lawsuit targeting the company's CEO. Adding fuel to the fire, Tron founder Justin Sun took to X on Wednesday, declaring First Digital “insolvent.

First Digital Trust (FDT) denied Justin Sun insolvency allegations and said its stablecoin is fully backed with US Treasury bills. Sun had made the allegation earlier in the day in a social media post, where he said the firm was insolvent and unable to process the redemption of its stablecoin, FDUSD.

First Digital Trust (FDT) denied Justin Sun insolvency allegations and said its stablecoin is fully backed with US Treasury bills. Sun had made the allegation earlier in the day in a social media post, where he said the firm was insolvent and unable to process the redemption of its stablecoin, FDUSD.

TL;DR Justin Sun warned about potential financial issues at First Digital Trust, pointing to fund mismanagement and difficulties in processing redemptions. FDUSD dropped 9% following Sun's statements, losing $130 million in market capitalization. First Digital denied the allegations and announced legal action. Binance holds $2.

The First Digital US-dollar pegged stablecoin (FDUSD) depegged on April 2 following claims of insolvency from Tron network founder Justin Sun, who said that the issuer of the tokenized fiat equivalent, First Digital, is insolvent.First Digital responded to the claims by assuring users that the issuer is completely solvent and said that the dispute is with TrueUSD (TUSD), another stablecoin. The firm wrote in an April 2 X post: "Every dollar backing FDUSD is completely, secure, safe and accounted for with US backed T-Bills.

The First Digital US dollar-pegged stablecoin (FDUSD) depegged on April 2 following claims of insolvency from Tron network founder Justin Sun, who said that the issuer of the tokenized fiat equivalent, First Digital, is insolvent.First Digital responded to the claims by assuring users they are completely solvent and said that FDUSD is still fully backed and redeemable with the US dollar on a 1:1 basis. The firm also said that the ongoing dispute is with TrueUSD (TUSD), another stablecoin.

The stablecoin deviated from its price peg as Tron founder Justin Sun claimed that First Digital Trust is "effectively insolvent," a characterization the company pushed back on.

Techteryx is suing First Digital for allegedly redirecting nearly half a billion dollars worth of TUSD reserves into illiquid investments.

Tron founder Justin Sun has publicly declared that First Digital Trust, a Hong Kong-based fiduciary, is insolvent and unable to fulfill client fund redemptions.

Story Highlights The live price of SUI crypto is . The SUI price is expected to reach a high of $7.01 in 2025. With a potential surge, the price may reach $23.77 by 2030.

SUI enters a critical phase today as a $147 million token unlock threatens to inject selling pressure into a market already testing key resistance levels. Despite a sharp rebound in momentum—evident in the RSI's surge from oversold territory—SUI failed to break above the crucial 60 mark, signaling buyer hesitation.

Avalanche (AVAX) was also a top performer, rising 3.4% from Monday.

While most altcoins still fall victim to rampant economic fears, the Sui (SUI) ecosystem is thriving, raising anticipations of a potential rally. The post Is Sui About to Explode? While the Market Crashes, This Coin Quietly Climbs appeared first on Cryptonews.

Tuesday has seen a resurgence in the altcoins, and especially among the layer 1 cryptocurrencies. Ethereum ($ETH), Solana (SOL), and Sui (SUI) are leading the way.

Crypto asset manager and research firm CoinShares says institutional investors poured millions of dollars into altcoin digital asset investment products last week. In its latest Digital Asset Fund Flows Weekly Report, CoinShares says crypto products enjoyed inflows last week after record-setting levels of outflows.

The Sui Network (SUI) will unlock nearly $150 million worth of its native token on April 1. This is part of Sui tokenomics and the monthly unlock schedule that inflates SUI's circulating supply and dilutes investors' holdings.

The crypto markets seem to be in trouble again, this time mainly following the price trends of PI, SUI, and Dogecoin (DOGE). Pi is the native cryptocurrency of Pi Network.

Cryptocurrency markets have over $642 million worth of digital assets planned for release during the period between March 31 through April 7, 2025. Tokenomist data shows these releases are split between single “cliff” one-time releases and regular “linear” releases distributed across various blockchain projects.

Sui has plummeted by 7% today, yet the launch of the Walrus Protocol underlines its bullish long-term growth potential. The post Should You FOMO Into Sui? New Walrus Launch Sends Price Flying appeared first on Cryptonews.

Sui faces a significant test as $151 million worth of tokens unlock on April 1, with market indicators showing mixed signals amid growing ecosystem adoption but declining total value locked.

Sui is set for a major supply event, with 64.19 million SUI tokens worth approximately $148.29 million scheduled for release on April 1, sparking concerns about potential selling pressure and its impact on SUI price.

Made in USA coins are showing mixed signals as April begins, with XRP, SUI, and Pi Network (PI) standing out. XRP leads in market cap but also posted the biggest drop among the top 10, down 10.6% this week.

SUI climbs 6% amid rising adoption and technical support. Is this bullish momentum sustainable, or just a short-term relief rally? The post SUI Surges 6% This Week: A Sign of Bullish Momentum or Just the Beginning? appeared first on Cryptonews.

Cryptocurrency trader and analyst Ali Martinez is leaning bullish on an altcoin that's less than two months old while unveiling his forecast for XRP (XRP) and Sui (SUI).

DeFi lending is recovering in March after a series of market capitulations and liquidations. More value is flowing into smaller chains, with the biggest growth for Berachain and Sonic.

SUI has shown signs of recovery, and the crypto token's price is trading at $2.65, which is just below the crucial resistance level of $2.77. This resistance stands as the last hurdle before the altcoin can reach the $3.00 mark.

The crypto market demonstrates steady improvement as multiple alternative tokens show major price increases. TON, SUI, and Pi have emerged as top performers in the market by recording impressive growth during the previous 24-hour period.

SUI is making another attempt to break past the crucial $2.82 resistance, a level that has repeatedly challenged bullish momentum. After a steady climb, the price now stands at a decisive point—will buyers have enough strength to push through, or will sellers step in to defend this barrier once again?

Aave (AAVE) was also a top performer, gaining 3.6% from Wednesday.

Sui price, currently at $2.74, has broken out of a falling wedge and rising parallel channel, suggesting bulls are taking control. This recent surge has sparked excitement among traders and analysts, as it echoes past patterns that triggered notable rallies for Sui.

SUI and TON are the two top gainers from the larger-cap alts today.

SUI cryptocurrency shows strong breakout potential with technical indicators supporting a possible 25% upswing, while VanEck predicts it could reach $10 by 2025.

Sui Network's native token, SUI, has reclaimed a crucial level after its 10% price breakout. The token has shown bullish momentum over the past few days, climbing to weekly highs on Wednesday.