While the cryptocurrency market is falling after the US economic data, SUI is rising with significant developments. With the latest developments in the Sui Mainnet network and the launch of the Sui gaming laptop, the price of the altcoin has increased by more than 6% against the market decline. Sui coin, which has shown stable growth in the past two weeks, has also attracted attention with its work on offline transaction technology.

SUI Mainnet shared the transaction board

After the Sui Mysticeti Mainnet launch, it shared a performance dashboard to execute transactions openly for users. The panel measuring Sui delay opened up p25 and p50 object delay data with a transparent panel for user accessibility. Sui, especially with the growth it has achieved in transaction delay, has successfully demonstrated confidence in investors against significant competitors such as Ethereum.

SUI metrics Source: SUI However, the most important development in the SUI ecosystem was the launch of the SuiPlay0x1 game console. The portable gaming device brings together digital assets by supporting web3 game technologies, Steam, and Epic game libraries. The game device offers a personalized gaming experience with digital assets. Supported by interchangeable and tradable in-game items, the device has revived interest in the Sui blockchain network.

SUI price analysis

The SUI price, which has increased by more than 7% in the last 24 hours, reached a high of $0.88 and is currently trading at $0.85 at the time of writing this article. The high-potential altcoin, which has reached its highest level in three weeks, has seen a 33% increase in trading volume. Despite the general decline in cryptocurrencies in the past month, the altcoin, which has risen by 37%, has managed to exceed the Relative Strength Index of 50 again.

SUI 1 week price chart Source: CoinMarketCap The MACD indicator shows a rising trend towards the positive zone. According to CoinGlass data, the Open Interest rate has increased by 17% and this is supported by a 57% increase in volume over the past 24 hours. In addition, the daily technical chart strengthens the possibility of narrow Bollinger Bands, indicating volatile price movements.

Finally, Sui coin, which has shown a 13% growth in market value in the last 24 hours, has reached a current market value of 2.28 billion dollars. If the altcoin can sustain its upward momentum, it could surpass the previous three-week high of $0.93.

The information in the text is purely for informational purposes. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss arising from your investments. Ultimately, investment is based on many factors such as knowledge, experience, research, and personal decisions.

Related News

BlockBeats news, on September 11th, the yield on the 10-year US Treasury bond fell to 3.65%, the lowest level since June 2023. (Jin10)

BlockBeats News: On September 10, SwissBorg, a fintech platform focused on Cryptocurrency and serving the European market, announced the launch of a yield-based USDC Earn product that leverages the Morpho protocol. This new offering is now available to SwissBorg app users, providing Web2 audiences with access to a custom Morpho Vault. SwissBorg's USDC Earn product provides access to Morpho's WBTC/USDC and wstETH/USDC markets, marking the first time Morpho's Vaults have been used in a CeFi environment. SwissBorg said Morpho Vaults provides customizable infrastructure that allows CeFi platforms to build custom products that drop the perceived risk associated with typical web3 lending protocols that "expose all users to a wide range of assets with a single, standardized risk profile".

BlockBeats news, on September 10, according to Cointelegraph, Polaris Ventures, a charity organization created by former FTX and Alameda executive Ruairi Donnelly, made a profit of $150 million by trading FTT Tokens. WSJ previously revealed that Ruairi Donnelly received about $562,000 in salary during his tenure at FTX and exchanged it for FTX Tokens (FTT) at a price of $0.05, which regular investors could not purchase FTT at. Ruairi Donnelly 'donated' these tokens to Polaris Ventures and sold them at a price of $1 after public trading began in 2019 and 2020. It is reported that Ruairi Donnelly attempted to cash out $150 million amid public scrutiny of FTX and Alameda. Ruairi Donnelly's legal team stated that the FTT Tokens of the charity organization 'are not FTX funds' and do not appear to be subject to claims from other parties. However, FTX debtors stated that they will 'arrange for the return' of funds donated to charity organizations or political movements and suggested taking legal action to obtain Interest payments in case of refusal by any group.

BlockBeats news, on September 10th, despite the regulatory uncertainty ahead of the 2024 US presidential election, the majority of Web3 professionals remain optimistic about the industry's future. According to the latest Consensys report, over 86% of professionals are optimistic about the future of the Web3 industry. Sarah Howe, Consensys' Talent Acquisition Executive Director, stated that this widespread optimism is mainly attributed to the potential for professionals to bring 'real change' to the world through Web3. Howe stated, 'They are strongly driven by the mission of blockchain technology and the values behind Web3, and the survey emphasizes these values: Decentralization, freedom, innovation, transparency, and self-sovereignty. The future of the Web3 world is very inspiring.'

BlockBeats news, on September 10, Fabric announced a revolutionary hardware in collaboration with Polygon Labs, the Verifiable Processing Unit (VPU) for ZK, custom chips will change the ZK game by eliminating and maximizing the performance of persistent barriers. Entering Fabric's custom VPU (Verifiable Processing Unit), this is the next generation of native encryption hardware. Polygon Labs will invest 5 million dollars in the acquisition of server systems based on VPU, making Polygon Labs the first to invest in these chips protocol. The VPU will enable complete end-to-end systems for the Plonky2 and Polygon Plonky3 proof systems, both developed by core developers and others at Polygon Labs.

In the eyes of many observers, the US economy does not seem to have entered a recession yet, and it may even be able to avoid this fate. For example, Treasury Secretary Yellen said in a speech last weekend: the US has basically achieved a soft landing.

However, a series of warning signals from well-known economic indicators continue to sound the alarm. The following section has compiled fifteen indicators related to recession, suggesting that you can observe and analyze these indicators from multiple perspectives to gain a more comprehensive understanding of the economic situation.

1. Inverted U.S. Treasury Yield Curve

Since July 2022, the 10-year bond yield has finally exceeded the 2-year bond yield, which means that the longest inverted record in history has finally been lifted after 793 days.

However, the United States has experienced five economic recessions from the 1980s to the present, and there have been instances of yield curve inversion before, which inevitably makes the market begin to worry whether history will repeat itself this time, such as the AI bubble burst.

Image Source: Finance M Square

2. Leading Economic Index of the United States Business Advisory Council

The Conference Board Leading Economic Index (LEI) for the United States covers several areas, including manufacturing activity, confidence indices, and consumer confidence. Despite the index showing signs of recovery, it remains at an alarmingly low level, indicating potential risks of economic slowdown in 2022 and 2023.

3. Non-farm Employment Data

In the past few economic downturns, this indicator usually turns negative in monthly increments, followed by a rapid rise in the unemployment rate. Although the current unemployment rate remains relatively low, if non-farm employment declines significantly, close attention should be paid to changes in the unemployment rate.

Fourth, Sam's Rule Decline Indicator

This indicator, proposed by economist Sam of the Federal Reserve, indicates that when the three-month moving average of the unemployment rate exceeds the previous year's low point by 0.5%, it indicates an economic recession.

Although the index has reached 0.53% at present, Sam previously believed that this time might not necessarily enter a recession, but also expressed that the situation has become more serious.

5. Consumer Confidence Index

The consumer confidence index reflects consumers' outlook on the economy, and a low consumer confidence typically signals a decrease in consumer spending, thereby impacting the rise. As consumer spending accounts for 70% of the US GDP, the data released by the Economic Advisory Committee and the University of Michigan is highly indicative.

Six, Manufacturing PMI (Purchasing Managers' Index)

The PMI index is an important indicator of the health of the manufacturing industry. A value below 50 usually indicates an economic slowdown. The Institute for Supply Management conducts monthly surveys covering multiple indicators such as new orders, production, and employment, making its assessment of the economic situation crucial.

7. Personal Consumption Expenditures (PCE)

PCE is an important component of the US economy, and its decline usually indicates the risk of an economic recession. As consumer spending decreases, the economy will be suppressed.

Eight, Capital Expenditure

A decrease in investment in equipment and construction by enterprises is usually an early signal of economic slowdown, and the estimates of future capital expenditure by major central banks can provide clues about corporate investment trends.

It is observed that the future capital expenditures of various central banks are at a high point, indicating that enterprises still have production capacity. However, when capital expenditures decline and client inventories are replenished, attention should be paid to the valuation correction of S&P 500 manufacturing-related zones.

9. Bank Loan Growth Rate

The reduction in bank loans may indicate a decrease in demand from businesses and consumers, which will directly affect economic activities. The change in credit cycles is often a precursor to an economic recession.

The economy has entered the late stage of the upturn, and the hidden worries of overcapacity and the pressure of policy tightening are beginning to affect enterprises. Even though they see a rebound in end demand, companies are turning to a more conservative attitude towards investment spending such as expansion, until the credit cycle eventually enters a downturn.

Ten, Coborn Index

This indicator is based on the sales volume of heavy-duty trucks, which is related to forward-looking investment on the enterprise side, and can effectively predict economic trends. If the indicator shows a decline, it may indicate a slowdown in economic activity.

When the economic conditions deteriorate, companies will be the first to feel it and reduce expenses and purchases. Therefore, in the past five cycles, this index has led the U.S. economy into recession, and when the economy improves, the purchase of trucks will rebound in sync.

Over the past 40 years, the Ko Bowen Index has been ahead of the S&P 500 by more than 1 year, making it a very unique leading indicator.

Eleven, Atlanta Federal Reserve Bank GDP Forecast Model (GDPNow)

The model combines multiple economic data to predict a rise in US GDP. If the rise predicted by the GDPNow model slows down, it may indicate the risk of an economic recession.

Twelve, OECD U.S. Composite Leading Indicator

An index below 100 usually indicates that economic activity is below potential levels, which may imply the risk of an economic recession. This indicator can reflect the overall trend of the global economy.

OECD Composite Leading Indicators for the United States

Thirteen, Federal Reserve Bank of Chicago National Activity Index (CFNAI)

CFNAI is calculated based on 85 different monthly indicators, and when it stays negative for several consecutive months, it may indicate the risk of an economic recession.

Chicago Federal Reserve Bank National Activity Index (CFNAI)

Fourteen, Philadelphia Federal Reserve Bank SPF Decline Index

This indicator is based on surveys of professional forecasters, predicting the probability of future GDP negative growth. If this probability significantly rises, it may indicate an increased risk of economic recession.

Philadelphia Federal Reserve Bank SPF Recession Indicator

Fifteen, Single-Family Home Market Index (HMI) and Building Permit Data

These indicators are directly related to the real estate market. If the index drops, it may reflect a weakening of consumer confidence and the possibility of future economic recession.

Single-family new home market index (HMI)

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BlockBeats news, on September 10th, according to Cointelegraph, the newly launched Dogs Token has reportedly held the largest MEME Token generation event. Over 17 million users have claimed Dogs (DOGS) Token, inspired by the iconic DOGE drawing of Telegram co-founder Pavel Durov. The number of users on the Dogs Mini App has exceeded 53 million, with 42.2 million eligible for Token Airdrop. It is reported that "DOGS Token is currently held by 4.5 million independent Wallets, which puts it in a unique position - it is the Token with the most independent holders in history, and it achieved this feat in just two weeks. Only the number of USDT holders on TRON and Ethereum has surpassed DOGS."

Foresight News: According to mempool data, an independent BTCMiner received 3.169 BTC block rewards and 0.044 BTC fee rewards, worth over $181,000, for adding Block 860,749 to the BTC on-chain. The Miner used Solo CK Pool Mining service to establish an independent Mining Pool and calculated the valid hash value of the Block.

Rexas Finance (RXS), a groundbreaking platform for Real World Asset (RWA) tokenization, is gaining massive attention as of writing, sparking major Fear of Missing Out (FOMO) among investors during its presale. With its innovative approach to integrating blockchain technology into asset management, Rexas Finance is well-positioned to revolutionize the way assets are tokenized, managed, and traded. As the presale continues, Rexas Finance is showing great potential for significant growth, making it an attractive investment opportunity.

What Is Rexas Finance?

At its core, Rexas Finance is a decentralized finance (DeFi) platform designed to facilitate the seamless tokenization of real-world assets. By utilizing blockchain technology, the platform allows individuals and businesses to create, manage, and trade asset-backed tokens with ease, all through a user-friendly interface. Unlike traditional methods of asset management, which are often complex, time-consuming, and expensive, Rexas Finance offers an accessible and intuitive solution that can be used by anyone, regardless of technical expertise. The vision behind Rexas Finance is to reshape the way assets are owned and exchanged in the digital age. The platform aims to democratize access to asset ownership by reducing barriers such as high entry costs, complex transactions, and liquidity issues, making asset management more efficient and transparent. As the world of digital finance continues to evolve, Rexas Finance is positioning itself as a leader in the RWA tokenization market, offering users cutting-edge tools to participate in this growing sector.

How Rexas Finance Solves RWA Challenges

The tokenization of real-world assets holds immense potential for transforming industries like real estate, art, and commodities. However, traditional asset management faces numerous challenges, including liquidity constraints, regulatory hurdles, and high transaction costs. Rexas Finance is tackling these challenges head-on with its comprehensive eco designed to simplify and secure the tokenization process. The Rexas Finance eco is equipped with powerful tools such as the Rexas Token Builder, which allows users to create tokens without writing code, making tokenization accessible to everyone.

The platform’s QuickMint Bot further enhances accessibility by enabling users to create tokens directly from messaging apps like Telegram and Discord, eliminating the need for technical setups. These innovations ensure that even those with no technical background can participate in RWA tokenization with ease. Security is another key area where Rexas Finance excels. With its AI Shield feature, the platform leverages advanced artificial intelligence to audit and monitor smart contracts for vulnerabilities. This ensures that tokenized assets are protected against potential exploits, building trust among users and promoting widespread adoption. In addition, Rexas Finance addresses the issue of liquidity by providing users with a marketplace for trading tokenized assets, making it easier to buy and sell assets 24/7. The platform also offers a multi-chain treasury that optimizes yield on crypto deposits, giving investors the opportunity to earn passive income while managing their tokenized assets. By integrating these features into a single, user-friendly platform, Rexas Finance is poised to overcome the major hurdles facing RWA tokenization.

Rexas Finance Presale

The presale of Rexas Finance’s native token, RXS, has sparked significant interest from investors eager to get in early on this promising project. During Stage 1 of the presale, RXS is priced at $0.030 per token, with analysts predicting that the token’s value could soar to at least $0.210 post-launch. This represents a potential 7x return for early investors, making now an ideal time to buy into Rexas Finance before the next price increase. The tokenomics of Rexas Finance is structured to ensure long-term growth and sustainability. With a total supply of 1 billion RXS tokens, 42.5% (425 million tokens) are allocated to the presale. This ensures a healthy distribution of tokens, providing ample opportunity for investors to get involved. The funds raised during the presale will be used to develop the Rexas Finance eco further, driving innovation and expanding the platform’s capabilities. As of now, 2.9 million tokens have already been sold, raising over $89,000, with the total goal set at $450,000 for this presale stage 1. Given the strong demand and favorable market conditions, the presale is expected to sell out quickly, adding to the sense of urgency among potential investors.

Why You Should Invest in Rexas Finance Now

With its presale price set to rise and market analysts predicting massive returns, now is the perfect time to invest in Rexas Finance. Early-stage investors have the opportunity to buy RXS tokens at a low price, with the potential for significant gains once the token hits the market. The innovative eco, combined with a strong vision and commitment to solving the challenges of RWA tokenization, makes Rexas Finance one of the most exciting new opportunities in the crypto space. As Rexas Finance continues to grow, its presale is an unmissable chance to join a platform that is set to revolutionize the tokenization of real-world assets. Don’t miss out on the potential for a 7x gain—invest in Rexas Finance now and be part of the future of blockchain-powered asset management.

For more information about Rexas Finance (RXS) visit the links below:

Website: **

Whitepaper:**

Twitter/X:**

Telegram:**

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BlockBeats news, on September 10th, according to market data, the Meme coin NEIRO on the ETH network rose by more than 25% in the past 24 hours, now trading at $0.196, with a market capitalization exceeding $190 million, and a 24-hour volume reaching $4.23 million.

BlockBeats news, on September 10th, according to official sources, Web3 user security network GoPlus was invited to attend the KBW2024 event of the Korean Blockchain Week, where it announced plans to build a modular user security layer based on EigenLayer AVS (Actively Validated Services) to construct Web3, aiming to provide 24*7 real-time, dynamic response, all-scenario and all-round security firewall for users' encryption assets. This will be the first use case of AVS in the security field, as well as the first provider of secure services that completes the process of Decentralization from data to computation. Meanwhile, GoPlus, Eigenlayer, Altlayer, Solv Protocol, Story Protocol, Dodo Chain, Nuffle Labs, and others jointly held a forum on the innovation and evolution of AVS, infrastructure, and security at KBW.

BlockBeats news, on September 10th, the price of Bitmap on the BTC Layer 2 network Merlin Chain reached $36.39, with a premium of 14.2% compared to the price of $31.85 on BTC Layer 1. In the past 7 days, the volume of Bitmap on the Decentralization exchange MerlinSwap on Merlin Chain has surpassed $464,000, while it is only $88,000 on Magic Eden. It is reported that the top Whale holder of Bitmap has dumped over 13,200 Bitmap on MerlinSwap, in exchange for 12 BTC (worth over $680,000).