XAUt and PAXG slide 6% amid gold’s tumble

Pump.fun has acquired the Padre trading terminal in a strategic move to revive fading momentum in the meme coin space. The acquisition signals a change toward infrastructure and trader tools as the memecoin hype cycle slows. And that’s exactly why many traders are moving their attention toward utility-backed projects like DeepSnitch AI. Despite its memecoin

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…

The post SUI Price Eyes Breakout, Targets $11 Says Analyst appeared on BitcoinEthereumNews.com. SUI price shows a technical setup for a macro breakout with analyst Dan Gambardello targeting $10-$11 levels. Recent partnership with Google’s Agentic Payments Protocol adds fundamental support to the technical analysis as SUI moves closer to potential breakout levels. SUI Price Analysis Points to $10-$11 Breakout Target Dan Gambardello has identified a clear ascending triangle formation on SUI price daily chart with upside targets around $10.79. The analyst simplified this target range to $10-$11 for practical trading purposes. The pattern shows sustained higher lows meeting resistance at current levels before a potential breakout. VanEck maintains more aggressive SUI crypto targets ranging from $13-$25 according to Gambardello’s research. SUI Price Analysis | Source: Dan Gambardello, X The $10 level is a more conservative higher high area for the current cycle. Midterm targets point to $7.50 in the 1.618 Fibonacci extension zone before longer-term objectives. The monthly RSI shows extreme compression that Gambardello describes as “screaming for a macro breakout to the upside.” This momentum oscillator behavior typically precedes major price movements in the crypto market. SUI crypto risk model currently sits at 51 and matches pre-bull market levels seen in coins like Ethereum. Gambardello compared this to Ethereum’s December 2020 reading of 51 before its major breakout. The March 2017 Ethereum reading of 53 preceded that cycle’s parabolic move. The analyst also noted that SUI price trades near the same levels from almost a year ago in November 2024. Bollinger Bands Signal Historic Compression CryptoBullet has identified the tightest Bollinger Bands in SUI’s entire trading history on the weekly chart. The BBW indicator compression reached levels that were historically followed by major price movements. This setup mirrors conditions before SUI’s previous major rallies. Historical data shows SUI price delivered +253% gains between December 2023 and March 2024 following similar compression. SUI…