Author: Anmol Khatiwada

SUI Reaches Record High Amid Overextension Concerns

SUI’s rally is looking for one last stretch as RSI reported its being overbought quite much lately. Meaning the hype will sure chill out sooner than many would expect. Fibonacci math shows that it could reach highest which is expected to range around $3.77 to $4 before its eventual cooldown.

SUI is a native cryptocurrency of the SUI Blockchain. Its a layer 1 blockchain profoundly known for its high speed transactions and scalability. Its token SUI has been on a constant uphill ride. However, the rise is not so celebrated as experts assume its currently on its final wave of ascent and will quickly set down.

Relative Strength Index (RSI) which, as the name suggests, is a popular indicator in trading. It basically measures how much overbought or oversold is an asset and it measures it on a scale of 0 to100. This reliable source, RSI shows major overbought conditions in case of SUI which sharply signals a potential slowdown coming down inevitably. According to some indicators, the price is extremely overextended and the main question is how much it can go before reversing.

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SUI Price Forecast

As of November 11, the price of Sui’s token SUI is $3.29. It holds a 24 hour trading volume of about $2.9 billion. This price means it is still on its uphill ride as it has increased by 0.46% and considering past seven days it has seen a 46.63% price increase. There are total 2.8 billion SUI tokens circulating right now and they hold total market capitalization of about $9.3 billion.

Considering previous waves, this time the Fibonacci level suggests SUI might see its end after reaching  $3.77, but there’s still a slight chance it may go a bit longer and reach $4 dollars before it settles down for good.

UK Unveils Crypto Regulations to Rival US Leadership in Blockchain

United Kingdom just came up with new rules this month, focusing more on stablecoins and staking. This act is all to stay relevant with Trump’s pro Bitcoin US. Some delays have put them behind but there is still a shot to lead if they move fast enough. Clear regs = more crypto startups staying in the UK.

UK government is planning to introduce new crypto regulations this month to reassure businesses and especially to compete with Donald Trump’s sharp progress in crypto firms with a clear stance on the sector. A report says, UK treasury will reveal two pieces of legislation which are primarily focused on stablecoins and its staking services.

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The major step up by UK comes with new crypto rules for stablecoins and staking to keep up with Trump’s crypto-friendly US and the EU. Stablecoins will get industry input on rules, and staking won’t face heavy regulations anymore. There are delays however, that have put the UK behind, but there’s chance for bounce back as there’s plenty left for them but they must act fast. With newly elected president Trump hyping up Bitcoin reserves and mining, United Kingdom needs clear and chill regulations to keep crypto status from bouncing.

Italy Weighs Lowering Crypto Tax from 42% to 28%

Italy is planning to implement 42% price hike on crypto trades according to a statement made by the Vice Economy Minister last month. It has taken major backlash though, so there’s a chance they might drop it to 28%. Some want to scrap the hike entirely, while others push for better crypto education. Whatever the outcome is, this could reshape Italy’s place in the crypto game.

The government of Italy is more tilted towards approving a proposal  to reduce the planned tax hike on cryptocurrency trading. A junior partner in Prime Minister Giorgia Meloni’s coalition suggests crypto tax limit to be 28% instead of the originally planned 42% according to last month’s budget.

Crypto Industry leaders argue that this absurd proposed tax would certainly make Italy less competitive in the field of crypto, compared to other European Union countries. It is sure to get a major pushback, they quoted. The law currently beholds  26% tax rate for crypto.

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The EU is also reportedly rolling out some major crypto rules soon, so Italy’s case becomes even more heated debate than anticipated. Forza Italia, a center-right political party in Italy, wants to cancel the hike entirely and ditch the tax break for gains under €2,000. The League also suggests teaming up with crypto firms to educate investors. The decision is in hands of Italy’s government and this decision is crucial as it would reshape its crypto future forever.

Bengal Man Nabbed by Delhi Police for ₹2000 Cr WazirX Hack

Delhi police busted a Bengal man, SK Masud Alam in case of a maassive ₹2,000 crore WazirX hack using a fake account sold on Telegram. After the arrest, WarzirX cooperated but custody firm liminal isn’t sharing any info outside. Cops are suspecting an inside job and are investigating further to uncover more links related to this massive cyber attack.

Delhi police have successfully arrested an individual named SK Masud Alam. He is from West Bengal and had serious connections with a cyberattack on cryptocurrency exchange. The platform they were using to lure in victims was WarzirX, they used this platform to steal digital assets worth ₹2,000 crore.

Basically he ran this attack by setting up a fake account, which especially targeted WazirX’s hot wallet and attempted to breach its cold wallet. This attack was reported as one of the largest breaches in the crypto sector, drawing attention from higher ups on security vulnerabilities within the digital asset exchange.

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The main person, Alam is a resident of East Midnapore in West Bengal and was  apprehended by Delhi Police’s Special Cell following an investigation led by the Intelligence Fusion and Strategic Operations (IFSO) division. Alam created a fake WazirX account in the name of Souvik Mondal, which he later sold via Telegram to an individual named M Hasan. This account was the main one carrying out the cyber attacks. The authorities are continuing their investigation on Alam suspecting that this might be more larger network than what it seems to look like.

Liminal custody, the firm that secured WazirX’s wallets is in hot water for not helping out Delhi Police with the investigations. Despite their repeated attempts, they didn’t share any key infos which raised questions about security practices. Cops plan to dig into Liminal’s role further in a follow-up chargesheet.

South Korea Busts $230M Crypto Scam: 215 Arrested, 15,000 Victims

South Korea busted a huge $230M crypto scam, with over 15,000 victims suffered by their scam, most of the them were old people. This scheme was apparently run by a Youtuber with over 620K subs. Cops arrested him including 215 helpers, and tracked over 1400 accounts and seized $1.9M in Bitcoin. The mastermind for this was caught in Australia and the hunt for fund is still on.

South Koreans have just cracked down a massive organization that had managed to defraud over 15K investors including vulnerable older citizens , out of 325 billion won. According to a report by Gyeonggi Southern Provincial Police Agency’s Anti-Corruption and Economic Crime Investigation Unit, they have arrested 215 people associated with the scam. Among them 12 were considered higher level organizers of the plan. Every one of the suspects now face charges under South Korea’s Aggravated Punishment Act for Specific Economic Crimes.

The scam was mostly successful because of the influence of a youtuber who goes by the name “Mr. A”, he is the alleged ring-leader of this scam. He used his influence to lure in  investors with claims of quick riches, encouraging some to even sell their homes and take out loans to buy crypto assets that would supposedly yield “20 times the principal.” 

The scam was active from December 2021 to March 2023, and offered 28 different types of cryptocurrency tokens, six of which were self-created and listed on overseas exchanges to attract buyers. The scam was cruel on so many levels, victim’s personal info were also misused, many of them lost their life’s savings in this scheme. The alleged leader Mr.A ran away from South Korea and was eventually arrested in Australia.

Police reported that they found across 1444 bank accounts and seized 22 bitcoins which is worth $1.9 million, and requested court approval to confiscate approximately $34 million linked to the scam. They are now working on to get victims money returned to them and prevent further financial crimes.

PAAL Token Plummets 70% Amid ASI Alliance Merger Announcement

PAAL token crashed 70% in just one day after the merger news with ASI alliance and FET. Investors have panicked all over a deal, which is 6.24 PAAL = 1 FET. Plus, a 6-month vesting period which has led to them dumping their holdings quickly. The merger isn’t even final and yet the market is already this bad.

PAAL is an AI-powered token that is especially designed for integrating artificial intelligence with blockchain technology. It supports major applications required such as automation, data analysis, and decentralized AI solutions, with their aim solely focused on enhancing efficiency across various industries. This token however, dropped by 24.53% in just 24 hours, now trading at a mere $0.1064.

PAAL price BitMala
Source: CoinMarketCap

This massive decline has set a panic mode for investors. This panic didn’t come just recently though, it has been brewing up by several factors, beginning with an initial 55% drop in just two minutes after ASI Alliance announced the potential merger on November 12. This immediate loss left everyone anxious about the merger with ASI alliance and integration into the FET ecosystem. Their concerns even stemmed from the complicated process of converting PAAL tokens to the new token and the requirement to wait full 180 days before gaining full access to their converted tokens.

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However, this merger is not fully in function right now, its voting period is set for November 18 to 23. Despite ASI’s numerous attempts to clarify market sentiment remains negative. If the merger proceeds, PAAL token holders would exchange 6.24 PAAL tokens for 1 FET token, which is a very unfavorable conversation ratio and that intertwined with lengthy vesting period heightened concern all over.

Crypto influencer Alex Becker called out PAAL and ASI for more transparency but hasn’t sold his tokens yet, meanwhile ASI’s Director, Humayun Sheikh, said the merger’s all about boosting AI utility and announced a live chat on Nov 14 to clear the air. Its interesting to see where this token heads to next.

Peanut the Squirrel Coin (PNUT) Soars 235% in a Single Day

Peanut the Squirrel Coin (PNUT) skyrocketed 235% which led it to be $1.41. Its based on a tragic story about a peanut and a beloved pet squirrel which went viral a while back. NYC officials have euthanized Peanut which sparked massive outrage from Elon Musk and Trump. This hype pushed PNUT’s market cap to $1.39B, with $2.5B trading volume, right before the U.S. elections.

PNUT is the token name for Peanut the Squirrel Coin, which is a memecoin built on Solana blockchain. It gets most of this attention because this token is based on a tragic story surrounding Mark Longo’s pet squirrel named Peanut. It was tragically euthanized by New York Cops officials over rabies fears. Even big names like Elon and Trump chimed in on this story, which made it a hot topic right before the U.S. elections for president. This drama set a nice stage for PNUT which ultimately led it to skyrocket, making it one of the first memecoins to hit $1 dollar.

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PNUT Price Forecast

As of November 13,, the price of  Peanut the Squirrel (PNUT) is $1.31 holding a 24 hour trading volume of $2,827,765,169. It has increased by over 200% in the last 24 hours and a mind blowing 1,114.21% increase since the past seven days. It has a circulating supply of 1 Billion PNUT and holds a market capitalization of about $1.3 billion. This extraordinary performance sets it as the top meme coin of the year and it can be a major asset if this continues on for another week.

Amazon Accelerates AI Chip Development to Reduce Nvidia Reliance

Amazon is cooking up its own AI chips to cut costs and break free from Nvidia’s grip. Their brand new chip Trainium 2 drops in next month with big names such as Anthropic and Databricks already hopping on to test it. Amazon claims its Inferentia chips will save 40% on AI model costs, which makes it ready for big-time massive budgets. They’re pouring billions into tech, but with Nvidia’s still being the top dog, with its rank staying as much as Amazon’s entire AWS division.

Amazon is busy on developing its new artificial intelligence chips which is supposed to boost returns on its semiconductor investments and result in overall reduce in dependency on Nvidia. Its development is being led by Annapurna Labs, it acquired this lab in 2025 for $350 million.

Amazon says, this chip development aims to improve data centers efficiency and offers customers with tailored options in the cloud AI market. It will do so by optimizing chips for specific tasks, unlike Nvidia’s which focuses more on general purpose tools. Amazon claims their “Inferentia AI chips” to be 40% cheaper to run for general AI models response generation. This may actually not sound like it matters for small stuffs but is actually huge for budgets in the millions. They are also spending a lot, $75B on tech in 2024. Additionally, this is still lot more considering their 2023 budget, and it is probably going to have gone up even further the next year. According to an Annapurna official, maintaining smooth operations requires developing entire systems from the ground up rather than merely designing chips.

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Amazon has made numerous tries, but it has yet to match Nvidia’s dominance in AI chips. According to reports, Nvidia made $26.3 billion in sales from AI data center chips in just its second fiscal quarter of 2024, which is equal to the whole revenue for Amazon’s AWS division during the same time frame.

Pepe Unchained Presale Nears $27M Breakthrough

Pepe Unchained is absolutely popping off with $26.5M+ raised in its recent presale and its all thanks to its 91% staking APY and smart tokenomics. Users can now snag $PEPU with ETH, BNB, USDT, or even cards. Its Layer-2 Pepe Chain promises users with fast and cheap transactions, damn perfect for meme coin traders. With over 150M tokens staked pre-launch and top spots on CoinSniper, it’s really gearing up for DEX listings.

Pepe Unchained is one of the meme based cryptocurrency project that inspired by the internet-famous Pepe the Frog. It aims to blend the fun and community driven spirit of meme coins with exciting crypto features like staking and Layer-2 solutions. Its L2 solutions even tackles Ethereum’s scalability issues by enabling faster and cheaper transactions. The project has already seen over 150 million tokens staked before its official launch and has secured a high ranking on CoinSniper.net.

As of recent, its gaining major traction from all sides because it recently passed $26.5 million in presale funding of $PEPU token. This fast progress has set all major investor’s eye all over it, particularly due to attractive staking options and structured tokenomics. Plus, it also made an impressive $2 million jump in the last four days alone.

Pepe Unchained also offers a high Annual Percentage Yield (APY) of 91% for users who stake their $PEPU tokens. This makes it attractive for those looking to earn significant passive income. However there’s a catch, as more people stake their tokens, the rewards might decrease because the staking pool would be distributed among a larger number of participants.

The way these $PEPU tokens are handled is designed to support project’s overall growth as 30% of the total tokens are reserved specifically to reward stakers and other portions are used for the presale, marketing efforts, maintaining liquidity and funding the project’s development.

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With Pepe approaching close to its  $27 million goal, its going for DEX listings after the presale. For investors that are into meme coins, this could be your next big play!

Crypto Market Surges to $3.12T, Surpassing Tech Giants in Valuation

The crypto market hit a massive hit of $3.12 trillion and majority of thanks goes to the impressive surge of Bitcoin, reaching as far as $89,500. This makes crypto more big than tech giants like Microsoft and is nearly on par with leading tech companies like Nvidia and Apple. If Bitcoin manages to cross $100K by end of the year, it could hit $2 trillion in market cap. In order to push the market to $4 trillion, experts are eyeing on altcoins for next rally. In short, crypto’s on fire and there’s no signs of if backing off anytime soon.

The cryptocurrency market is has reached a new milestone. Its going up like crazy, especially after the U.S. presidential election, as of just recent the total market capitalization by crypto has reached a staggering  $3.12 trillion. This has led it to surpass many massive tech giants including Microsoft and is right behind world’s top companies like Nvidia and Apple. This surge also largely benefitted Bitcoin and once again proved itself to be a must have digital asset right now.

As of November 12, the price of BTC is $88,656.67 after riding on 8% rise since past 24 hour. This coin alone holds market cap of over  $1.77 trillion which is larger than the GDP of Spain. Bitcoin’s today rally has also driven its market cap above that of silver yet again. Experts predict, this token has potential to cross $100K mark by the end of December, if that happens BTC will alone hold $2 trillion in market cap. This will surely boost overall crypto market scene and push its overall market capitalization to $4 trillion.

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However  Rachael Lucas from BTC Markets believes the push towards $4 trillion will not solely be because of BTC. She says it requires help from up and coming altcoins’ upward thrust. While this will reduce Bitcoin’s dominance, no other platform is even close to BTC so it shouldn’t affect much.

Nevertheless, as Bitcoin continues to dominate, other virtual currencies such as Ethereum and Solana are also expected to comply with the upward trend.

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