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Showing posts with the label defi ecosystem

Sui Price Prediction for Today, February 4 – SUI Technical Analysis

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Sui (SUI) continues to capture the crypto market’s attention with its remarkable scalability and focus on cost-efficient transactions. Currently ranked #14 on CoinMarketCap and priced at $3.44, SUI has experienced both challenges and resilience, as shown by its recent price trends. Will the technical and fundamental strengths of Sui be enough to reignite bullish momentum and push it beyond critical resistance levels? SUI Key Statistics Current Price: $3.44 Market Cap: $10.6 billion Trading Volume (24h): $2.7 billion Circulating Supply: 3.09 billion SUI Total Supply: 10 billion SUI CoinMarketCap Ranking: #14 Over the past 30 and 7 days, Sui (SUI) has decreased by -35.41% and -18.53%, respectively, from its highest prices during those periods. However, compared to the lowest prices recorded in the same timeframe, it has increased by 8.83%. SUI/USD Market Key Levels Resistance: $4.02, $5.06, $5.38 Support: $3.28, $2.97, $2.50 SUIUSD – Daily Chart S...

Fed Chair Powell Sees 'Real Need' for More Appropriate Defi Regulation Citing 'Very Significant Structural Issues'

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Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem . Fed Chair Jerome Powell on Defi Regulation Federal Reserve Chairman Jerome Powell talked about the regulation of decentralized finance (defi) Tuesday during a panel discussion on digital finance hosted by Banque of France. “The monetary policy normalization that we’re seeing all over the world,” Powell began. “All it did was simply reveal what we’ve long pointed out as significant structural issues in the defi ecosystem and conflict of interest.” He stressed: Within the defi ecosystem, there are these very significant structural issues around transparency — lack of transparency. “The good news, I suppose, is that … from the financial stability standpoint, the interaction between the defi ecosystem ...