13 Aug 2025, 04:00

SUI Set Up For Another Leg? Analyst Forecasts $10 Target For Potential Breakout

Sui (SUI) is attempting to reclaim a key resistance area after recovering from last week’s lows and growing institutional interest in the ecosystem, leading some analysts to suggest that a breakout might be around the corner. Related Reading: ZORA Hits New ATH Amid 50% Daily Surge – What’s Behind The Breakout? SUI Rallies Amid Ecosystem Interest On Tuesday, SUI jumped 7.4% intraday following major news for the ecosystem from institutional players. The cryptocurrency has been attempting to reclaim the $3.90-$4.00 zone over the past few weeks, briefly breaking out during the July market rally. The altcoin has been trading between $2.33-$4.00 price range since the Q2 recovery, hitting a seven-month high of $4.44 two weeks ago. For most of this period, SUI has hovered within the mid-zone of its multi-month range, failing to reclaim the $4.00 resistance multiple times. The early August pullback saw the token drop 27% from the local highs before bouncing at the end of last week. Since then, SUI’s price has recovered 20% from this month’s lows, rallying 6.65% in the past 24 hours to the $3.90 area. On August 12, one of the largest digital asset firms, Grayscale Investments, announced two new products that expand its “existing lineup of Sui Ecosystem products.” Earlier this year, the firm launched its Grayscale Sui Trust, which fueled a 44% rally after the announcement. Now, the firm has launched the Grayscale DeepBook Trust and the Grayscale Walrus Trust to “offer investors exposure to two key protocols driving innovation within the Sui ecosystem,” affirmed Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research. The trusts, which are now open for daily subscriptions for eligible accredited investors, function as Grayscale’s other single-asset investment trusts and are solely invested in the DEEP and WAL tokens, respectively. SUI’s Price Ready For $10? Analyst Sjuul from AltCryptoGems noted the cryptocurrency “really likes to move along the 3 drives pattern.” The pattern consists of three consecutive price movements in the same direction, before a trend reversal. As the chart shows, SUI displayed a bullish 3 drives formation during the November-January rally, which was followed by a bearish 3 drives pattern during the February-April pullback. Now, the cryptocurrency has been potentially repeating the bullish setup since the May breakout, with the third drive up still ahead. “We should still have one leg left,” the analyst asserted, which could propel SUI’s price to the $5.00 resistance. Crypto Rand noted that SUI is consolidating after its local breakout, which could target an initial run to the $5.00 mark and a potential rally to an all-time high (ATH) around the $10 barrier. Related Reading: XRP Stumbles, But A Recovery Could Be Around The Corner Similarly, analyst Alex Clay suggested that investors should “not ignore SUI,” as it has a potential cycle top of $11.7. He explained that altcoin displays a strong higher timeframe with a cup and handle formation between 2023 and 2024, followed by a re-accumulation within a 10-month symmetrical triangle. To the market watcher, the compression period “is over” and a breakout could be imminent in the coming weeks. A confirmed breakout from the $4.00 resistance could kickstart a rally to a new high between the $7.90 and $11.7 area. As of this writing, SUI trades at $3.91, a 12% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

13 Aug 2025, 04:00

Memecoins in corporate treasury? Safety Shot takes $25M BONK bet

Safety Shot's Bonk deal tests whether memecoins can evolve from hype to high finance.

13 Aug 2025, 04:00

Ethereum Derivatives Mania: Positions Cross $30 Billion For First Time Ever

Data shows the Ethereum derivatives market Open Interest has hit a new all-time high (ATH) following a surge in trader positioning. Ethereum Open Interest Has Crossed $30 Billion As explained by CryptoQuant community analyst Maartunn in a new post on X, the Ethereum Open Interest has seen a rise recently. The “ Open Interest ” here refers to an indicator that keeps track of the total amount of derivatives positions related to ETH that are currently open on all centralized exchanges. It includes both long and short bets. When the value of the indicator registers an uptick, it means the investors are opening up new positions on the market. Generally, the total leverage in the sector goes up when this trend develops, so the price can become more volatile following it. On the other hand, the metric going down suggests holders are either closing up positions of their own volition or getting liquidated by their platform. Such a trend usually leads to the asset behaving in a more stable manner, due to a clearance of leverage. Now, here is the chart shared by Maartunn that shows the trend in the Ethereum Open Interest over the last few years: As displayed in the above graph, the Ethereum Open Interest has seen some rapid growth alongside the rally in the cryptocurrency’s price above $4,400. This would suggest that the run has brought in speculative interest in the asset. This isn’t anything unusual, but the fact that the spike in the Open Interest has been sharp may be worth noting. Whenever the derivatives market gets overheated, mass liquidation events can follow as some high-leverage traders inevitably lose their bets. These events tend to be violent and shake up the asset’s price. Considering that the latest Open Interest increase has taken Ethereum positions to a new record beyond $30 billion, it’s possible that volatility could follow for the coin this time as well. Some significant liquidations have in fact already occurred over the last 24 hours, as data from CoinGlass shows. As is visible in the above heatmap, Ethereum with $140 million in liquidations has been the top-ranked coin in the cryptocurrency market in terms of forceful closures over the past day. In some other news, profit-taking on the ETH network slowed down after peaking at $771 million per day in July, but it’s picking back up as a result of the latest rally, as on-chain analytics firm Glassnode has pointed out in an X post . Investor profit-taking has climbed back to the $553 million per day mark, which is lower than the earlier high, but still quite notable. ETH Price At the time of writing, Ethereum is trading around $4,460, up more than 24% over the last week.

13 Aug 2025, 03:55

ChatGPT Unveils Complex Choices: Navigating GPT-5’s Evolving Model Picker

BitcoinWorld ChatGPT Unveils Complex Choices: Navigating GPT-5’s Evolving Model Picker The world of artificial intelligence is constantly evolving, and for those tracking the intersection of tech innovation and digital assets, OpenAI’s latest moves with ChatGPT are always under scrutiny. What was promised as a streamlined, ‘one-size-fits-all’ AI experience with the launch of GPT-5 has quickly become a more intricate landscape, challenging initial expectations and bringing back a familiar, albeit complicated, feature: the model picker. Why Did the ChatGPT Model Picker Return? When OpenAI introduced GPT-5 , the grand vision was to simplify the user experience dramatically. The company aimed for a single, intelligent AI model that could automatically determine the best way to answer any user query through an internal router. This approach was intended to eliminate the need for users to navigate the often-criticized model picker , a feature that even OpenAI CEO Sam Altman admitted to disliking due to its complexity. However, the reality of GPT-5 ‘s rollout has shown that this unified approach did not universally satisfy user demands, leading to its unexpected return. What Are GPT-5 ‘s New Modes, and How is OpenAI Adapting? Contrary to the initial ‘one-size-fits-all’ promise, Sam Altman recently announced new settings for GPT-5 , signaling the unexpected return of the model picker . Users can now choose between ‘Auto,’ ‘Fast,’ and ‘Thinking’ modes. The ‘Auto’ setting attempts to replicate the original router’s functionality, while ‘Fast’ and ‘Thinking’ allow users to directly select models optimized for speed or deeper processing, respectively. This rapid adjustment highlights OpenAI ‘s commitment to iterating quickly based on user feedback. Furthermore, paid users can now access several legacy AI models , including GPT-4o, GPT-4.1, and o3, which were temporarily deprecated. This reversal addresses significant user backlash, demonstrating the strong attachment users developed to specific AI personalities and response styles. How Do User Preferences Shape the Evolution of AI Models ? The initial deprecation of popular AI models like GPT-4o revealed a crucial insight for OpenAI : human attachment to AI personalities is a real and impactful phenomenon. Users had grown accustomed to the unique responses and characteristics of these models in ways the company had not fully anticipated. This unexpected user sentiment underscored why a single, unified GPT-5 model, even with an intelligent router, couldn’t universally meet diverse user needs. The company is now exploring more per-user customization for model personality, acknowledging that a one-size-fits-all approach is insufficient in a rapidly maturing AI landscape. This shift underscores the growing importance of tailoring AI experiences to individual user preferences, moving beyond just performance metrics and acknowledging the unique bond users form with their ChatGPT interactions. What Are the Challenges in AI Model Routing for ChatGPT ? The technical challenge of routing user prompts to the most suitable AI models is far more complex than it appears. It requires a sophisticated understanding of both user preferences and the specific nature of each query, all while making a decision in split seconds to ensure a fast response if required. The initial performance of GPT-5 ‘s router on launch day was reportedly ‘largely broken,’ leading to user dissatisfaction and prompting discussions from OpenAI’s leadership, including an AMA session with Sam Altman. While the team is iterating rapidly, the complexity lies in aligning an AI model’s behavior to subtle human preferences, which can vary from desired verbosity to a preference for contrarian answers. This ongoing challenge highlights the nuanced relationship between users and their chosen ChatGPT experiences and the intricacies involved in perfecting the model picker functionality. The journey of GPT-5 and the fluctuating status of ChatGPT ‘s model picker underscore a vital lesson in AI development: user experience and personalization are paramount. While the ambition for a streamlined, automated AI was clear, the reality of diverse user needs and deep-seated preferences for specific AI models necessitated a swift pivot. OpenAI ‘s quick response to reintroduce choice and bring back beloved legacy models demonstrates their commitment to adapting and improving. As AI continues to integrate into our daily lives, the ability to customize and choose the right tool for the job, even down to an AI’s personality, will likely become a defining feature of successful platforms. The evolution of ChatGPT serves as a compelling case study in balancing innovation with user-centric design. To learn more about the latest AI model trends, explore our article on key developments shaping AI features. This post ChatGPT Unveils Complex Choices: Navigating GPT-5’s Evolving Model Picker first appeared on BitcoinWorld and is written by Editorial Team

13 Aug 2025, 03:50

Ethereum’s Price Potential Intensifies Amid $1.01 Billion ETF Inflows and Institutional Interest

Ethereum’s recent price surge to over $4,400 is driven by record ETF inflows of $1.01 billion and strong institutional demand, with analysts speculating a potential price target of $5,000 amidst

13 Aug 2025, 03:50

Arthur Hayes ENA: Massive $1.46M Purchase Signals Strategic Move

BitcoinWorld Arthur Hayes ENA: Massive $1.46M Purchase Signals Strategic Move The crypto world is buzzing once again with news surrounding Arthur Hayes, the prominent co-founder of the BitMEX crypto exchange. Recent reports indicate a substantial new investment, drawing considerable attention to the Ethena protocol’s native asset. This latest move by Arthur Hayes ENA holdings solidifies his position as a notable figure actively shaping the digital asset landscape. What’s Driving Arthur Hayes ENA Acquisitions? Just recently, on-chain analyst @ai_9684xtpa on X reported that Arthur Hayes acquired an additional $1.46 million worth of ENA tokens. This purchase, made approximately 11 hours ago, adds to an already impressive portfolio. Hayes has been steadily accumulating these assets, with his total investment in Ethereum ecosystem tokens reaching a staggering $11.258 million since August 10. This consistent accumulation suggests a strong belief in the long-term potential of ENA. Arthur Hayes’ movements are often closely watched by market participants. His decisions can signal broader trends or perceived value in specific assets. Understanding the ENA Token and Ethena Protocol The ENA token is the governance token for the Ethena protocol, an innovative synthetic dollar protocol built on Ethereum. Ethena aims to provide a crypto-native, censorship-resistant, and scalable synthetic dollar, USDe, which is backed by delta-hedged ETH collateral. The protocol also offers a yield-bearing ‘Internet Bond’. Arthur Hayes’ continued interest in the ENA token highlights the growing importance of decentralized finance (DeFi) projects within the Ethereum ecosystem. Investors often look for projects that offer stability and yield in the volatile crypto market, and Ethena presents a unique proposition with its synthetic dollar. Decoding the Crypto Whale Investment Strategy When a figure like Arthur Hayes, often referred to as a ‘crypto whale,’ makes such a significant move, it naturally sparks curiosity. A crypto whale investment typically involves large sums of capital, enough to potentially influence market sentiment or even price action. Hayes’ strategy appears to be one of consistent accumulation, rather than short-term trading. This approach suggests a deeper conviction in the underlying technology and the future of Ethereum ecosystem tokens. It encourages other investors to research ENA and the Ethena protocol, understanding the rationale behind such a prominent investment. The BitMEX Co-founder’s Expanding Portfolio in Ethereum Ecosystem Tokens As a BitMEX co-founder, Arthur Hayes has a long history and deep understanding of the cryptocurrency markets. His latest acquisition of ENA tokens is not an isolated event but part of a larger trend of his increasing exposure to Ethereum ecosystem tokens. This strategic positioning could indicate his outlook on the future dominance and utility of the Ethereum network and its associated projects. Hayes’ investment patterns are often seen as indicators by many in the crypto community. His actions reflect a seasoned investor’s perspective on where value might be found in the evolving digital asset space, particularly within the robust Ethereum ecosystem. Arthur Hayes’ repeated and substantial purchases of ENA tokens underscore a significant belief in the Ethena protocol and its role within the broader Ethereum ecosystem. This crypto whale investment is a powerful signal, suggesting that a prominent BitMEX co-founder sees considerable long-term value in ENA. As the crypto market continues to mature, observing the moves of influential figures like Hayes can offer valuable insights into potential growth areas and emerging trends. Frequently Asked Questions (FAQs) Who is Arthur Hayes? Arthur Hayes is a well-known figure in the cryptocurrency industry, best known as the co-founder and former CEO of BitMEX, a popular cryptocurrency derivatives exchange. He is also a prominent thought leader and investor in the crypto space. What is the ENA token? ENA is the governance token for the Ethena protocol. Ethena is a synthetic dollar protocol built on the Ethereum blockchain that provides a crypto-native, censorship-resistant stablecoin called USDe, backed by delta-hedged ETH collateral. Why is Arthur Hayes investing in ENA? Arthur Hayes’ investments often reflect his conviction in specific projects or broader market trends. His repeated purchases of ENA suggest a belief in the Ethena protocol’s long-term potential, its innovative synthetic dollar offering, and its position within the Ethereum ecosystem. What does a ‘crypto whale investment’ mean? A ‘crypto whale’ refers to an individual or entity holding a very large amount of cryptocurrency. A ‘crypto whale investment’ signifies a substantial capital allocation by such a large holder, which can often influence market sentiment or price action due to the sheer volume of the transaction. What are Ethereum ecosystem tokens? Ethereum ecosystem tokens are cryptocurrencies or digital assets that operate on or are closely tied to the Ethereum blockchain. This includes tokens from DeFi protocols, NFTs, Layer 2 solutions, and various dApps built within the Ethereum network. Did you find this article insightful? Share it with your friends and fellow crypto enthusiasts on social media to spread the word about Arthur Hayes’ latest ENA token acquisition and its potential market implications! To learn more about the latest Ethereum ecosystem trends, explore our article on key developments shaping Ethereum institutional adoption . This post Arthur Hayes ENA: Massive $1.46M Purchase Signals Strategic Move first appeared on BitcoinWorld and is written by Editorial Team