SUI Reaches New All -Time- High Amidst Revolut Partnership In a groundbreaking collaboration set to redefine the landscape of blockchain education and adoption, Sui ( NYSE:SUI ) and Revolut have joined forces to empower millions of users worldwide with the knowledge and tools to navigate the burgeoning blockchain ecosystem. The strategic partnership between Sui, a leading Layer 1 blockchain platform renowned for its performance and scalability, and Revolut, a global fintech behemoth with a massive user base exceeding 40 million, heralds a new era of innovation and accessibility in the realm of decentralized technologies.
At the heart of this landmark initiative lies Revolut's Learn program, a cornerstone of the fintech giant's commitment to democratizing financial education. By integrating Sui's educational content into the Learn program, Revolut users will gain unparalleled access to comprehensive resources designed to deepen their understanding of blockchain technology. This strategic integration not only enhances Revolut's value proposition but also serves as a catalyst for driving widespread blockchain adoption among mainstream audiences.
Greg Siourounis, Managing Director of the Sui Foundation, hailed the partnership as a pivotal moment in the journey to democratize access to blockchain technology. "This landmark partnership with Revolut represents a significant milestone in the mission to bring Sui's innovative Web3 technologies to bear solving real-world challenges for new audiences," remarked Siourounis. "By joining forces with Revolut, we have a chance to introduce millions of users to Sui, the fastest-growing ecosystem in crypto, and one which is providing the technological underpinnings that will enable businesses to build working solutions and empowering individuals to access those products and services seamlessly."
The integration of Sui's educational content into Revolut's Learn program is poised to catalyze a paradigm shift in blockchain education, attracting a new wave of users eager to explore the transformative potential of decentralized technologies. This strategic alignment not only accelerates Sui's growth trajectory but also reinforces Revolut's commitment to providing its users with access to the latest advancements in financial technology.
Kotryna Baldovskaja, Crypto Global Business Development Manager at Revolut, underscored the significance of the partnership in advancing financial literacy and blockchain adoption. "Our collaboration with Sui underscores Revolut's commitment to providing our users with access to the latest advancements in financial technology," stated Baldovskaja. "By integrating Sui's educational content into our Learn program, we aim to equip our users with knowledge about one of the most impressive technological breakthroughs we've seen in crypto and the countless opportunities that lie within the Sui ecosystem."
As Sui and Revolut embark on this transformative journey, the global blockchain community eagerly anticipates the ripple effects of this partnership. With a shared vision of empowering individuals and businesses alike through blockchain education and adoption, Sui and Revolut are poised to shape the future of decentralized technologies and drive meaningful change on a global scale.
Revolut
October 31 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Glassnode, the number of ETH non-zero addresses reached an ATH of 88,490,369. Bitcoin is down 0.86% over the last 24 hours and fell to an intraday low of $20,515.00. The largest cryptocurrency maintained positive upside momentum during the weekend, and it attempted to break the psychological level of $21,000 on Saturday. But the price was not able to hold above $21,000, suggesting the sellers are active at higher levels. Currently, the $20,800 to $21,000 price zone is the main barrier for Bitcoin, as the price is struggling to hold above this zone after a few failed attempts. If the price breaks above this zone, the BTC/USDT pair could rise to $22,500.
Today’s Cryptocurrency Headline
Revolut to Allow Customers to Make Purchases with Crypto Balances
Digital banking firm Revolut will launch a crypto spending feature on November 1, enabling customers to use their crypto balances to pay for everyday purchases using their Revolut card, customers will also be able to earn 1% cash back on all their crypto balances spent for a limited time.Revolut's new feature comes after the U.K.-based firm won registration from that country's Financial Conduct Authority to offer crypto services in the U.K. following a lengthy wait to gain approval.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
September 28 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is down 1.61% over the last 24 hours and fell to an intraday high of $18,816.32. The largest cryptocurrency managed to rise above the $20,000 level early today, but the bulls failed to hold the price above the $20,000 level, suggesting the sellers remain active at the high levels. The bulls will attempt to push the BTC/USDT pair above the 20-day exponential moving average (EMA) ($19,552) to establish a relief rally. If the price maintained above the 20-day EMA, the pair could then rise to the 50-day simple moving average (SMA) ($20,786).
The UK’s Financial Conduct Authority (FCA) added fintech unicorn Revolut to its cryptoasset register this week, bringing the list of companies permitted to carry out cryptoasset activities in the country to 38. The company previously operated under the FCA’s Temporary Registration Regime. Launched in the UK in 2015, Revolut now claims to have more than 20 million customers worldwide and making 250 million transactions per month.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
🤖 #BTCLIVE - 15.08 - #IDEA 🤖🤖 #BTCLIVE - 15.08 - #IDEA 🤖
Snapshot:
Short-Term
30:70- Bullish:Bearish
Long-Term
50:50 - Bullish:Bearish
Technical Analysis:
Bullish Scenario:
Alot of bearish sentiment, mainly short term would suggest a move down to $23.6k especially with the 3rd rejection from $25k andsell orders coming in - there could be a strong rally at this position to fend off breaking down on the ascending wedge which would likely drive price for another test of $25k this would be incredibly bullish and somewhat of a make or break push. A break and hold above $25k puts $27k and $30k as realistic targets.
Bearish Scenario:
Short term movement down to $23.6k is likely for the local support although there could be a lot of defense at this position a breakdown and confirmed retest can see price sing quite quickly to $22.6k where the next strongest zone of support lies, max pain in the move can still push us down to $20k region which is where the bottom of this long term channel/range lies.
Bullish Factors:
+ Weekly Pivot already filled
+ 200EMA is supporting
+20 & 50 DEMA doming to support at the key trendline support
+ Transfer Volume turned positive
+ Active Addresses turned positive
Bearish Factors:
- Bearish Divergence on the 5min
- Bearish divergence on the 4hr
- Bearish Divergence on the 1hr
- Restesting resistance
- Strong Sell Orders
- Broken through 20 and 50 EMA
- Hard rejection from 25k for 3rd time
- Exchange Netflow Total turned negative
- Liquidation turned negative
Key News:
Bull:
+ ETH Merge causing bullish sentiment market wide
+ 💥Revolut gets approval to offer #Bitcoin and crypto in the European Economic Area.
+ Judge grants Ripple’s request to review videos of SEC officials (cryptopanic.com)
+#Crypto exchange Gate.io has been granted a virtual asset custodial services license in Hong Kong.
+ Europe’s largest independent tyre re-treader, Vaculug, will accept #Bitcoin for payment!
Bear:
- $ETH: The “Merge” Protocol Upgrade Will Not Lower Ethereum’s Gas Fees
- Hackers printed 1.2 billion $AUSD on the Acala Network through an exploit.
- Brazilian #crypto lending platform BlueBenx halts withdrawals following a $32 million hack.
Metrics:
Exchange
- Exchange Reserve - As the exchange reserve continues to rise, it indicates higher selling pressure.
- Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure.
Miners
/ Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average.
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
On-Chain
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
+ Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses.
+ Transfer Volume - The total number of coins transferred has decreased by 31.00% compared to yesterday.
+ Active Addresses - The total number of active wallets used to send and receive coins has decreased by 13 .00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 26.00% compared to yesterday.
Sentiment
+ Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase.
- Korea Premium -Korean retail investors' buying pressure is relatively strong.
- Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment.
Derivatives
+ Funding Rate - Long position traders are dominant and are willing to pay to short traders.
+ Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers.
/ Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend - Last Value: 9,142,523,051.97 24H%: -8% 7D%: -9%
- Liquidation - 42921463.65 of short positions were liquidated in the last 24 hours.