The former SushiSwap CTO described the decentralized exchange as a side project that 'outgrew nights and weekends,' with no specs, contract, or token disclosed.
Joseph DeLong, the former SushiSwap CTO who now runs stablecoin card startup Colossus, said he will launch a decentralized exchange called Deepstate on Robinhood Chain next week.
"I have a decentralized exchange side project that outgrew nights and weekends. I'm gonna launch it next week on @robinhood chain," DeLong wrote on X on July 24, linking to a whitepaper published on GitHub.
A Fully Onchain Order BookThe whitepaper, dated June 29 and authored by DeLong, specifies a limit order book that lives entirely in smart contract storage. Each resting order is packed into a single 32-byte word — price tick, quantity, a rounding-correction code, and a time-priority nonce — and stored in a binary radix tree keyed by price and arrival order. The design offers 4.3 billion logarithmically spaced price ticks and caps the work each trade performs at the tree's fixed 64-bit depth, an attempt to keep gas costs bounded no matter how many orders rest on the book.
Fully onchain central limit order books remain rare on EVM chains because every storage read and write costs gas. Most order book exchanges match trades offchain and settle onchain, while automated market makers avoid matching altogether. DeLong's paper credits the core construction to Warp, a matching engine design that Plasma co-author Joseph Poon and Christopher Jeffrey presented at EthCC in 2023.
DeLong was SushiSwap's CTO until his resignation in December 2021, and later argued DAOs need hierarchy in an ETHDenver postmortem on his time at Sushi. He went on to found NFT lending protocol Astaria and to a senior director role at Kraken. Today he is CEO of Colossus, a startup building a stablecoin credit card network designed to bypass Visa and Mastercard.
Robinhood Chain's DEX RaceDeepstate would join a crowded field. Robinhood launched its Arbitrum-based chain's public mainnet on July 1 with Uniswap, 1inch, Arcus, and perpetuals partner Lighter live from day one, and the network has grown quickly: it overtook Base on daily active users on July 21, registering 323,969 addresses against Base's 274,520 three weeks after launch. Lighter has since made Robinhood's stock tokens eligible collateral for its perps markets.
DeLong gave no launch date beyond "next week" and did not name trading pairs, fees, or a token.
Sushi price has bounced from the $0.73 daily support, where the point of control (POC) and 0.618 Fibonacci retracement converge. This bullish reaction increases the probability of a continuation toward $0.93.
Summary
$0.73 Support Zone: Confluence of the point of control and 0.618 Fibonacci retracement. Double Bottom Potential: Two retests of support suggest a reversal structure forming. Upside Target at $0.93: Next key resistance level if support holds and volume confirms. Sushi’s (SUSHI) recent price action highlights a strong defense of a key technical zone. The $0.73 level, which combines the point of control and the golden pocket retracement at the 0.618 Fibonacci, has acted as a springboard for a bullish reaction.
From a structural standpoint, the market remains bullish on the daily timeframe, supported by a consistent pattern of higher highs and higher lows. This corrective dip is therefore considered a constructive retest, not a breakdown.
The reaction from this confluence level is particularly important. The point of control reflects the area of highest traded volume, suggesting strong market interest, while the golden pocket retracement is historically one of the most reliable continuation zones. The overlap of these two signals makes $0.73 a critical support to hold for the ongoing uptrend.
Key technical points $0.73 Support Zone: Confluence of POC and 0.618 Fibonacci retracement, currently defended by bulls. Daily Market Structure: Higher highs and higher lows intact, framing the correction as a higher low. Upside Target at $0.93: Holding support sets up a rally toward the next resistance level. SUSHIUSDT (1D) Chart, Source: TradingView From a technical perspective, the corrective move into $0.73 fits neatly into the broader bullish market structure. Each pullback has so far resulted in the establishment of higher lows, signaling continued demand. The latest bounce suggests traders are still committed to accumulating Sushi at discounted levels, increasing the likelihood of upside continuation.
Momentum indicators also support the bullish case. Price remains above its daily moving averages, and the rejection of lower levels indicates strong absorption of selling pressure. If follow-through buying emerges, a push toward $0.93 resistance becomes the most probable scenario in the near term.
The broader structure for Sushi shows potential for further bullish expansion beyond $0.93 if momentum continues to build. While short-term volatility may remain, the combination of strong support, healthy retracement levels, and consistent higher-timeframe structure keeps the outlook tilted toward the upside.
What to expect in the coming price action As long as Sushi defends the $0.73 region on daily closes, the bullish market structure remains intact. A rally toward $0.93 is the immediate projection, with the potential for further continuation if volume supports the breakout. Traders should watch for consolidation above support and increasing demand, as these will confirm the validity of the ongoing trend.
SushiSwap price has broken out of a descending triangle pattern that had kept it in a downtrend since mid-July.
Summary
SUSHI price has been on a downtrend since July. The token has invalidated a multi-month descending triangle pattern. According to data from crypto.news, Sushi (SUSHI) was trading at $0.79 up 2% in the past 24 hours and 6.3% in the past 7 days. Its market cap stood at $153 million as of press time.
Despite its weekly gains, the token remains 62% below its July high, since when bears have brought the token down to $0.70 multiple times.
A few catalysts have emerged that could support further upside for SUSHI.
First, SushiSwap has recently gone live on HyperEVM. This enables swapping HyperEVM assets via its aggregator interface, marking a deeper integration with the Hyperliquid ecosystem.
Such a move positions SUSHI at the center of a growing multi-chain liquidity network and expands its use case across more than 40 supported chains.
Another factor that could support its potential is the strong earnings recorded in Q3 of this year. Notably, earnings currently stand at $2.77 million, significantly higher than the approximately $200,000 reported in the previous quarter. A sharp increase in earnings indicates that DeFi protocols built on SushiSwap are being used more actively and that revenue efficiency has improved, a factor that could boost investor sentiment toward the token and, in turn, drive further interest.
SUSHI price targets 45% upside after invalidating a descending triangle On the daily chart, SUSHI price had formed a multi-month descending triangle pattern, a technical setup typically formed by a series of lower highs converging toward a horizontal support level, indicating sustained bearish pressure.
SUSHI price has broken out of a descending triangle pattern on the daily chart — Sep. 10 | Source: crypto.news It has invalidated the pattern today, a sign that bears are losing control and marking a bullish reversal in technical analysis. This shift in trend is further supported by a golden cross that remains in play, after the 50-day simple moving average crossed above the 200-day SMA. The last time such a crossover occurred, SUSHI rallied by as much as 120%.
Based on these bullish technicals, the path of least resistance points to a target of $1.16, a level calculated by measuring the height of the descending triangle and projecting it upward from the breakout point. This target remains nearly 47% above the current price as of press time.
However, the setup would be invalidated if SUSHI loses the $0.75 psychological support, which would open the path to further losses down to $0.70, the level marked by its 200-day moving average.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Sushi has officially launched on Berachain, bringing its swap interface and aggregator pricing to the emerging Layer-1 today (September 11, 2025). The move lets users trade Berachain-native assets directly through Sushi’s familiar UI.
Berachain is a high-performance, EVM-compatible Layer 1 built with the Cosmos SDK that uses a novel Proof-of-Liquidity (PoL) consensus mechanism, a design intended to tie chain security to deep on-chain liquidity provisioning. The project’s docs explain PoL as an evolution of classical staking models that reward active liquidity participation.
Supporting 40+ Chains On the user side, the integration is straightforward. Sushi’s Aggregator powers swaps on Berachain, aiming to find the best-price routes and provide a seamless multi-chain trading experience. Sushi now supports trading across 40+ chains, and Berachain is the newest addition. That means traders can access native Berachain tokens through the same swap flow they already use on Sushi.
Sushi’s announcement encourages users to “start swapping on Berachain via Sushi today,” and promises additional features to follow as the integration matures, a development that could help deepen liquidity on Berachain while giving Sushi users more cross-chain options. The official blog post from Sushi contains the full integration notes and links to Berachain’s docs for developers who want to learn more.
What to watch next? See how quickly liquidity and trading volume pick up on Berachain, and which Sushi features (liquidity mining, V3 pools, or cross-chain routing improvements) arrive next. For now, anyone interested can head to Sushi’s swap page to try Berachain trades.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Sushi is now live on Kadena, giving traders and liquidity providers a fresh place to swap, stake, and experiment. The integration lets Sushi users access v2 pools on Kadena directly through Sushi’s familiar interface, swaps, LP positions, rewards and all the usual tools are available on a new Layer 1 built around proof-of-work.
Kadena isn’t another copy of the chains we’ve seen before. Its Chainweb design braids multiple parallel PoW chains together so the network can scale without giving up the security model PoW is known for. That architecture, together with newly added EVM compatibility, means teams can deploy Solidity contracts and take advantage of parallel execution and low gas costs without reaching for Layer 2s or switching to validator-based security. Kadena also ships its own Pact smart contract language, human-readable and pitched as easier to audit. and its creators stress energy efficiency as Chainweb scales.
A New Era for Secure and Scalable DeFi Trading This summer, Kadena pushed the next chapter in that plan with a Chainweb EVM testnet that drew more than 50 projects and a $50 million grant fund to spur development. For DeFi builders and institutions looking for higher throughput without giving up PoW security, that combination is an appealing experiment.
For Sushi users, the change is practical: you can swap on Sushi’s v2 AMM on Kadena and provide liquidity to earn rewards, all through tools you already know. It’s a straightforward way to move capital into an environment that claims low fees and high throughput while keeping to a PoW security model.
The move matters because it stretches what many people assume about PoW blockchains. If Kadena delivers on its promises, sustained developer activity, real liquidity and the cost/security trade-offs it advertises, this could be an important example of DeFi running on an alternative L1 architecture. For now, Sushi’s presence simply gives traders and LPs one more place to deploy capital and see how a braided PoW approach handles the demands of modern decentralized finance.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
PANews reported on December 1st that Sushi CEO Jared Grey announced he will step down from his leadership role (Head Chef of SushiSwap and Managing Director of Sushi Labs) to become an advisor. Synthesis, led by Alex McCurry, has made a significant capital investment in Sushi to support its long-term development and operations. Alex has also joined Sushi as Managing Director, leading the company into a new era. Grey stated, "While I will be stepping down from my leadership role, I will continue to provide strategic guidance to Alex and the team."
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
5 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
5 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
5 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
PANews reported on December 1st that Sushi announced on its X platform that Synthesis, led by Alex McCurry, has made a significant long-term strategic investment in the Sushi protocol, including the purchase of over 10 million SUSHI tokens. Alex will join and lead the SUSHI protocol team. Sushi achieved profitability in 2024, with revenue exceeding $10 million from its AMM, aggregator, and related products. With Synthesis's support, Sushi aims to expand its annual revenue to over $20 million in the coming years, focusing on robust growth, clear execution, and a sustainable business foundation.
Previously, it was reported that Jared Grey announced his resignation from his leadership position at Sushi and his transition to an advisory role, and that Sushi had received a large investment from Synthesis.
Welcome to the Sushi Monthly Recap! 🗞️🍣 This post will outline some of the major operational, technical, and community milestones reached in the past month. We've summarized all articles and announcements as well as some of the exciting things to come. Without further ado, let's dive into the highlights!
RouteProcessor9 is Live on Monad— Sushi.com (@SushiSwap) November 24, 2025 🎉 RouteProcessor9 (RP9) is officially live on Monad! See what all of the hype is about today and experience seamless swaps, competitive quotes and endless sources of liquidity, all in one place: Sushi 🍣
👉 Try out RP9 on Monad here
Sushi 🤝 Verification, Safety, TrustWe're honored to be a part of the very first App Certified cohort from @WalletConnect 🤝
We take safety seriously here at Sushi, and we're proud to display our commitment to our users' safety and experience every chance we get
Trust the apps you connect to, and swap anything on… https://t.co/K68RQ2CUaQ
— Sushi.com (@SushiSwap) November 24, 2025 🎓 We were honored last month by being selected as part of the inaugural App Certified class from WalletConnect! App Certified verifies authenticity, setting a new standard for app security and UX, allowing for users to connect confidently to all apps that were bestowed the honor.
We take our users' safety very seriously, and we will continue to do everything in our power to ensure our users stay safe at each and every turn 🤝
Aggregator Surpasses 20 BILLION Total Volume📈 The Sushi Aggregator has officially surpassed $20B in total volume!
We'd like to thank everyone that has helped us achieve this milestone - none of this would be possible without you!
👉 This is only the beginning - SWAP ANYTHING with the Sushi Aggregator today:… pic.twitter.com/bA67HTX1nE
— Sushi.com (@SushiSwap) November 13, 2025 ⛓️ The Sushi Aggregator has officially surpassed 20 BILLION dollars in total volume! This is a huge milestone, but one that we plan to crush in the coming months as more and more people catch on to the true power of the Sushi Aggregator.
👉 SWAP ANYTHING on Sushi and try out the aggregator today here
📈 Track the Sushi Aggregator's KPIs in real time here
Katana Ecosystem Review👀⚔️
"Katana closed October with another month of durable performance, showcasing why its diversified revenue architecture and near-perfect capital efficiency separate it from the broader L2 landscape."
✍️ An excellent write up on @katana from the @BlockworksAdv team! https://t.co/6hYysNgClp
— Sushi.com (@SushiSwap) November 18, 2025 ✍️ Blockworks Advisory released a comprehensive report on the Katana ecosystem a few weeks ago, highlighting Katana's diversified revenue architecture and commending their capital efficiency in today's environment. Be sure to keep an eye out for the Sushi-specific metrics in there... hint: they look pretty good 👀
📚 Read the full Katana ecosystem report here
📈 Trade on Katana today, only on Sushi, here
New KAT Strategies— INFINIT (@Infinit_Labs) November 14, 2025 👩🌾 Agentic DeFi from Infinit arrived on Katana this past month, with 2 new strategies - powered by Sushi's liquidity engine - now live to ensure users maximize their KAT earning potential. Enjoy your boosted KAT yields, without the manual work!
📚 Read more about the new strategies and Agentic DeFi here
👉 Deploy your own strategies to begin earning KAT today here
Blade Continues to Shine in First Month Live— Sushi.com (@SushiSwap) November 6, 2025 ⚔️ Blade - the brand new AMM with up to 100x concentrated liquidity, automated rebalancing and no impermanent loss - continues to shine since its release in mid-October, with more and more users realizing the asymmetric benefits of Blade pools. With TVL still climbing while the word spreads, it is a fantastic time to see what Blade offers while collecting your big yields as a reward for being curious!
Wondering how you can dive right into Blade immediately? We did a small write up on that as well to dispel any confusion:
🤔 A common question we've been seeing about Blade is how to find and interact with the new pools - we'd like to clear that up!
Blade doesn’t have a standalone UI - it’s integrated directly into Sushi as a specialized AMM pool. You interact with Blade when you trade or provide…
— Sushi.com (@SushiSwap) November 18, 2025 👉 Check out the new Blade pools here
📚 Read more about Blade and its benefits here
⚔️ Say hi to Blade, and say bye to impermanent loss ⚔️
That’s it for us this month folks! We look forward to seeing you all next month as we continue to serve up the latest news for all things Sushi! 👋
Sushi is officially live on Stellar Mainnet! As a layer-1, open-source blockchain, Stellar provides developers, innovators, and creators with the foundation to build borderless digital-asset solutions that broaden financial access and unlock real-world utility.
With Sushi V3 AMM live on Stellar, users can now trade and provide liquidity directly on the network, combining the trusted payments-focused Stellar ecosystem with Sushi’s deep DeFi expertise and multi-chain ecosystem. Cross-chain functionality is also coming to Stellar as part of the integration and is expected to be live in the coming weeks.
"Sushi going live on Stellar is a major milestone for DeFi on Stellar. Liquidity providers will benefit from increased control and efficiency. Adding an experienced DeFi platform like Sushi to the Stellar ecosystem is a powerful signal that DeFi on Stellar has arrived”, said Raja Chakravorti, Chief Business Officer at the Stellar Development Foundation.
The Stellar network is supported by a strong, globally engaged community shaped by years of ecosystem participants believing in SDF’s mission to create equitable access to the global financial system. Sushi shares that belief, and we’re excited to partner with SDF to improve the DeFi experience for all.
What is Stellar?The Stellar network, supported by SDF, provides a decentralized, public blockchain that enables:
Asset issuance and tokenizationSmart contractsConnections to financial railsDeveloper tools for building interoperable applicationsDesigned with quick, efficient cross-border payments and remittances in mind, Stellar is uniquely positioned in today’s landscape to capture market share in the global payments system. With an international network of trusted entities that connect the network to traditional finance systems, Stellar enables the conversion of assets into local funds all over the world. Typical transactions on Stellar settle in under ten seconds and cost a fraction of a U.S. cent, with its native token, XLM, serving as both the gas token for transactions on the network and a bridge asset between multiple other assets.
With over a decade of growth and experience, Stellar has become a core blockchain for payments and real-world use cases. Its developer-friendly framework enables apps to interoperate and connect to existing financial rails, while also supporting asset issuance and tokenization, all on the same network.
Engaging with Stellar on SushiHere’s how to start using Sushi on Stellar:
🌉 Bridge – Transfer assets onto Stellar
🔄 Swap – Trade $USDC and other tokens on Stellar via Sushi
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
5 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
5 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
5 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
The week opens with crypto markets focused on the macro backdrop: while several protocol-level events are scheduled, developments around the Iran conflict and Fed signaling are likely to remain the dominant drivers.
Reuters reported Sunday that the Pentagon is preparing for possible weeks of ground operations in Iran, though Trump has not approved those plans, and by Monday AP reported he was floating the idea of seizing Iran’s Kharg Island oil terminal even as diplomacy was still being discussed. Brent settled last Friday at $112.57, up 4.2% on the day.
BREAKING: President Trump says the US is in “serious discussions with a new and more reasonable regime to end our military operations in Iran.”
Trump also says that if a deal is not made, the US will “blow up and completely obliterate all of their electric generating plants, oil… pic.twitter.com/UAsFbQuWWF
— The Kobeissi Letter (@KobeissiLetter) March 30, 2026
Powell is due to speak later Monday, March 30, at Harvard, where markets will look for any signal on how the Fed is assessing the current oil-driven shock. With the Iran conflict pushing energy prices higher, policymakers are facing a familiar trade-off between inflation risks and slowing growth.
As in recent weeks, macro developments are likely to remain the dominant driver for crypto. Any escalation in Iran or a shift in Powell’s forward guidance could quickly feed through into broader risk markets, including crypto assets.
Crypto Events To Watch This Week In crypto land, the AAVE gets the spotlight this week. The project is set to activate Aave V4 on Ethereum mainnet. Aave V4 is already beyond the rumor stage and through the ARFC process, with the forum proposal laying out a “security-first” rollout, conservative risk parameters, and a narrower initial hub-and-spoke setup.
For ETH, the calendar matters less as a one-day catalyst than as a sentiment and narrative checkpoint. EthCC[9] begins March 30 in Cannes and bills itself as the largest and longest-running annual European Ethereum event, running through April 2. The adjacent EthCC Week schedule also includes “The Agora” on March 31, an institutional forum focused on market infrastructure, operational efficiency, and capital deployment.
JUP’s watchpoint is product expansion. Jupiter’s Offerbook is already in private beta, with registration open, and the pitch is unusually direct: “Onchain finance needs onchain credit. Time-based P2P loans, without price-based liquidations.” The product lets borrowers and lenders create fixed-term orders with customizable collateral, APR, loan size, and duration.
SUSHI is lining up a derivatives push. The official Sushi account has set April 2 for perps, while Sushi’s own site already shows a dedicated perps page telling users “Perps on Sushi Coming Soon” and collecting waitlist signups. That matters because perps remain one of the deepest and stickiest revenue arenas in crypto, and Sushi has been framing derivatives as a strategic priority since Sushi Labs outlined its roadmap.
FTX is also back on the radar because cash is about to move. FTX Recovery Trust said it will begin its fourth distribution on March 31, totaling about $2.2 billion for eligible creditors in the convenience and non-convenience classes who completed the required steps, with funds expected via BitGo, Kraken, or Payoneer within one to three business days. The market question is straightforward: how much of that recovered capital, if any, makes its way back into crypto trading once claims are paid.
Based, a Hyperliquid-powered DEX, will launch its token on March 30. The project confirmed its March 30 TGE on X, and KuCoin has already scheduled BASED/USDT trading for 10:00 UTC on Monday, with withdrawals opening a day later. KuCoin describes Based as a non-custodial DeFi “SuperApp” spanning crypto, equities, commodities, and spending rails.
At press time, the total crypto market cap stood at $2.32 trillion.
Total crypto market cap, 1-month chart | Source: ETHUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
5 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
5 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
5 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
5 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
5 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
5 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
May 31 – The title of Trump’s “Stock God” has been gaining more attention lately, with Micron, Dell, and Intel each benefiting from his so-called “divine trades.” The market has been abuzz with skepticism that Trump is “using his presidential power to profit his holding companies.” Despite this “Stock God” aura, Trump still holds a significant amount of stocks that are underwater (trading below his purchase price). BlockBeats, in its review of Trump’s May 14 Form 278-T financial disclosure filed with the U.S. Office of Government Ethics, has identified the top 5 of Trump’s stock holdings (each valued over $1 million) that are currently underwater: 1. **FIS (Fidelity National Information Services Inc)**: The firm provides payment processing, core banking systems, transaction settlement, and other tech services to institutional clients. Trump made 6 large purchases of FIS in Q1, and its stock price has remained depressed – leaving him down roughly 42.8% on the position. 2. **ACN (Accenture)**: A global leader in consulting and IT services, Trump made 9 large buys of ACN in Q1 at an average cost of $1.46 million per trade, and is now down 32.5% on the holdings. 3. **KRUS (Kura Sushi USA Inc)**: A U.S.-based operator of revolving sushi restaurant chains, Trump made 1 large buy of KRUS in Q1 worth an average of $3 million, and is currently down 31.7% on that stake. 4. **SYK (Stryker Corporation)**: A medtech firm focused on orthopedic implants, surgical tools, and neurotechnology, Trump made 6 large purchases of SYK in Q1 at an average cost of $1.01 million per trade, and is down 25.9% on the holdings. 5. **PTC**: An industrial software company offering CAD, PLM, IoT, and augmented reality solutions, Trump made 6 large buys of PTC in Q1 at an average cost of $3.08 million per trade, and is currently down 24% on that position. Overall, the data shows most of Trump’s largest underwater positions fall into the “AI alternative” sector – which could explain their underperformance amid the current AI stock boom. While there’s no concrete proof to back the market’s skepticism about Trump, investors may be eyeing an unexpected positive “self-rescue rally” in these stocks ahead.
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US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
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Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
5 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
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US Secretary of State: Will not accept the claim that the Strait of Hormuz belongs to any country.
US Secretary of State Rubio stated, "We will not accept the assertion that the Strait of Hormuz belongs to any country." (Jinshi)
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Iraqi government spokesperson: Efforts are underway to restore full oil export capacity.
A spokesperson for the Iraqi government stated that Iraq is working to restore its full oil export capacity and plans to increase its oil production to 7 million barrels per day in the coming years. (Jinshi)
5 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
Stellar Assets Now Accessible Across 40-Plus BlockchainsStellar and SushiSwap have enabled cross-chain swaps for $XLM and USDC, connecting Stellar's asset ecosystem to SushiSwap's multichain infrastructure. According to data from Sushi(.)com, cross-chain swaps for Stellar Development Foundation assets are now live on SushiSwap, allowing users to swap XLM and USDC across more than 40 blockchains without any intermediary or bridging process.
The move marks a meaningful expansion of Stellar's reach into decentralized finance. Stellar has established itself as one of the more practical blockchain networks for real-world payments, supporting low-cost transfers, remittances, and stablecoin transactions globally. Adding SushiSwap's routing layer gives XLM and USDC holders access to a far broader set of decentralized liquidity pools and trading routes.
SushiSwap's Multichain Reach Drives the IntegrationSushiSwap is a multichain decentralized exchange and aggregator that enables users to swap tokens across more than 40 blockchains, combining an automated market maker with an aggregator to find the best prices. Its SushiXSwap product enables cross-chain swaps without the need to use separate bridges.
The Stellar integration is part of a broader expansion for both protocols. SushiSwap launched on Stellar on February 10, 2026. Stellar's Q1 2026 showed growth across the network's most important metrics, with its real-world asset market cap rising 91% quarter-on-quarter to reach $1.52 billion at quarter end. Enabling direct cross-chain swap access to XLM and USDC through SushiSwap adds another layer of DeFi utility to a network that has traditionally been focused on payments and settlements.
For users, the practical benefit is straightforward: Stellar assets can now be traded into and out of tokens on dozens of other networks directly through the familiar Sushi interface, without wrapping assets or relying on third-party bridges.
Sources:
TronWeekly: SushiSwap Launches Cross-Chain Swaps for Stellar Assets
Messari: State of Stellar Q1 2026
SushiSwap: Cross-Chain Swap
In the rapidly evolving crypto market, the robust activity plays a significant role. As per Phoenix Group, based on GitHub’s 12-month data concerning most active crypto assets, Internet Computer, Mina Protocol, and Sushi are dominating the others. The on-chain analytics provider took to social media to share the list of top active projects over the year.
Internet Computer Emerges as 1st Most Active Crypto Project During Past 12 Months Phoenix Group’s list of most active cryptocurrency projects during the recent twelve months includes Internet Computer ($ICP) at the 1st position. The project saw a staggering 7,071 commits and more than 100 contributors during this period. Subsequently, Mina Protocol ($MINA) is the top 2nd project with up to 4,274 commits. In addition to this, saw above 100 contributors in the meantime.
Following that, Sushi ($SUSHI) stands in the 3rd place with its commits reaching 3,207 in terms of number. Additionally, witnessed twenty-seven contributors cumulatively. Apart from that, Bitcoin ($BTC) has secured the 4th position with nearly 3,068 commits in total, with up to 99 contributors. The next project in this respect is Chainlink ($LINK) with almost 3,034 commits as well as 100+ contributors.
Along with that, Cosmos ($ATOM) is the 6th most active crypto project. Hence, it has effectively recorded 2,370 commits and 100+ contributors. It is followed by Rubic ($RBC) which has obtained 2,279 commits and 20 contributors to secure the 7th spot in the list.
eCash Bottoms List with 1,666 Commits and 100+ Contributors Phoenix Group’s list of most active crypto projects in line with GitHub’s 12-month data includes Storj ($STORJ) on the 8th rank. The project has gained 1,788 commits and 100+ contributors. After that, PancakeSwap ($CAKE) occupies the 9th position with 1,717 commits and 100+ contributors. eCash ($XEC) comes last in the list with its commits reaching 1,666 mark while it witnessed 100+ contributors.
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Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
