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SUI price is undergoing a retracement from its breakout pattern in the short term, although the bigger picture market trend shows that the uptrend is still ongoing. Even as the pace of movement has slowed down, it appears that there is room for more gains if buyers can push prices higher again soon.

At the time of writing, the SUI is trading at $1.18, with a 24-hour trading volume of $1.02 billion and a market capitalization of $4.84 billion. Over the last 24 hours, the SUI price has declined by around 3.99%, reflecting a mild correction following its recent upward surge. This pullback appears more like a cooling phase rather than a trend reversal.

Source: CoinMarketCap

Also Read | APE Price Consolidation Signals a Potential Breakout Toward $1.90 Target

SUI Breakout Targets Higher Levels

On May 13, 2026, crypto analyst Jonathan Carter pointed out an important technical breakthrough in SUI’s chart formation. In his opinion, the coin managed to break above its declining channel pattern on the daily chart, along with increasing volume levels.

Source: Jonathan Carter’s X Post

However, he observed that this had resulted in a 46% profit already, which means good participation from the market for the rally. This will stay bullish as long as momentum supports the structure.

However, from the above analysis on the present SUI price levels, we can observe that the asset is still likely to continue moving further upwards if buyers are able to muster more power following the retreat.

The important resistance targets for upward movement are $1.95, $2.40, $3.10, and $4.20. The overall SUI price performance is still in line with the breakout pattern.

SUI Price Near Overbought Zone

Based on the momentum indicators, the SUI price looks positive. Currently, the RSI (14) is at 65.69, while its average is 60.37. This shows that there is still bullishness in the market, even though the pace is slowing down. The RSI almost got into overbought territory above 70.

Source: TradingView

MACD is still favoring bulls, as the MACD line remains above the signal line with a MACD line value of 0.07542 and a signal line value of 0.04246. Positive values of the histogram affirm continued uptrend movement, but decreasing bars indicate deceleration in the buying trend.

SUI Price Trend Remains Strong

Overall, the technical strength of the SUI price is still intact since the breakout occurred. Although there seems to be some correction on a short-term basis, the overall trend pattern still stands. Provided that momentum holds steady, the SUI price could continue its move higher into higher resistance levels.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

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The Japan Blockchain Foundation has announced plans for EJPY, a trust-type Japanese yen stablecoin built for payments, settlements, remittances, and Web3 commerce. The token will first run on Japan Open Chain and Ethereum, with wider multi-chain support planned later in stages.

As per a report, the foundation runs Japan Open Chain, referred to as JOC. The company said trustee and compliance discussions have progressed sufficiently to form the planned issuance model.

EJPY will be issued in a trust-based structure. The framework will encompass areas covering issuance, redemption, and trust assets.

Also Read: Vietnam Plans First Regulated Digital Asset Market by Q3 2026

Japanese Yen Stablecoin Targets Real-World Payments

The Japanese yen stablecoin is being readied for real-world financial activities. The foundation will focus on enterprise settlements, cross-border payments, trading related to digital assets, and the provision of corporate remittance services.

The Japan Blockchain Foundation stated that stablecoins are capable of becoming a part of the future financial infrastructure. It states that value transfer via blockchain has the potential to underpin payment activity between business systems.

Thus, the goal for an EJPY is to enlarge Japan Open Chain through entities other than simply a blockchain network. It aims to construct a settlement layer that provides for enterprises, banks, and local governments.

The Japanese yen stablecoin will use Japan Open Chain as its main infrastructure. Ethereum will also support the first rollout, while future plans include compatibility with more networks.

The foundation said it would work alongside payment service providers, banks, local authorities, and infrastructure partners. Those groups should assist in creating channels of adoption once issuance steps up.

It will include institutional payment infrastructure, blockchain-based tools for remittances, and more. It cited Web3 payment integrations, digital asset settlement services, and municipal payment support as well.

Japan Open Chain Plans Wider Validator Expansion

The Japan Blockchain Foundation said the stablecoin pegged to the Japanese yen is not in circulation yet. It said the announcement is a sign of process, not an immediate rollout.

Japan Open Chain is a Layer-1 blockchain fully compatible with Ethereum. It is run by a consortium of Japanese business blockchain infrastructure companies and institutions.

However, the network consists of 14 validators. They are Dentsu, NTT Communications, TIS, TV Asahi Group Extra Mile Inc., Kyoto University of the Arts, SBINFT, and Nethermind.

While the validator network is set to expand to 21 members, the foundation expects This added that growth will help facilitate broader market adoption of Japan Open Chain as a business-oriented settlement network.

Through the Japanese yen stablecoin, the company claimed that its goal is to provide a secure digital payment infrastructure for businesses, banks, and local governments. The project puts EJPY against a backdrop of Japan’s broader movement toward blockchain-based financial systems.

This update comes as recent blockchain developments tied to Japan’s finance sector. In fact, Japanese banks were trialing tokenized government bond trading earlier this May 2026 to redevelop and liberalize the downstream global access of their respective bond markets.

Also Read: JPMorgan Files for JLTXX Tokenized Money Market Fund on Ethereum

Fidelity International announces the creation of the FILQ – a tokenized liquidity fund that will be hosted via the Sygnum Bank platform using Chainlink technology. Having about $1 trillion under management, Fidelity is consistently working towards integrating traditional offerings onto blockchain platforms.

Sygnum Bank claims that the FILQ fund got a AAA-mf rating from Moody’s Ratings. This rating is generally given to money market funds, and indicates high liquidity and credit quality. With its launch, we can see that Fidelity International is becoming increasingly involved in the sphere of tokenization.

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Fidelity International Expands Blockchain-Based Finance Strategy

This move follows a trend of increased attention from big banks that are venturing into the RWA market. According to Fidelity International, the tokenized approach will enhance transparency and efficiency as well as provide investors with access to liquidity products under regulatory scrutiny.

According to Fatmire Bekiri, who is a Tokenization Lead at Sygnum Bank, the release was a crucial step in the world of capital markets. As per her, tokenized liquidity products can offer regulated yield possibilities using blockchain technology.

In the part of this partnership, Chainlink will provide on-chain net asset value (NAV) and distribution data for the fund, which enables the fund’s investors to keep track of their fund value and distribution details in real-time through blockchain technology.

Source: Chainlink’s X Post

Fernando Vazquez, who is the president of capital markets at Chainlink Labs, revealed that the partnership allows Fidelity International to leverage transparent and verifiable financial information that bridges traditional financial products to blockchain markets.

At the same time, the fund will have its approved NAV data provided by JPMorgan. Chainlink mentioned that the company had already collaborated with Fidelity International and Sygnum Bank in 2024 regarding their previous on-chain NAV integration project related to the Fidelity Institutional Liquidity Fund.

Tokenized Funds Continue Growing Across Global Markets

This is following close behind other asset managers that continue to bring their traditional treasury and money market investments to the blockchain platform. Financial firms like BlackRock and Franklin Templeton have launched tokenized investment funds, which aim to provide yield products on the blockchain.

JPMorgan has apparently filed plans with the U.S. regulatory authorities to launch a tokenized money market fund on the Ethereum blockchain network that might prove helpful for managing reserve assets of stablecoins.

Meanwhile, the American Fidelity Investments, which is not affiliated with Fidelity International, created the Fidelity Digital Interest Token (FDIT). Here, the anchor investor of Ondo Finance’s OUSG fund is responsible for the largest share of the asset portfolio.

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Fetch.ai (FET) is consolidating after defending key channel support and forming higher lows, signaling potential recovery for the FET price. RSI and MACD indicate fading bearish momentum and growing neutrality, while declining open interest and trading volume reflect cautious participation as traders await confirmation of the market’s next directional breakout. According to CoinMarketCap, FET is trading at $0.2230 with a weekly gain of 4.84%.

Source: CoinMarketCap

FET Derivative Data Point to Cautious Outlook

According to Coinglass, the FET open interest decreased by 3.36%, showing a slight reduction in outstanding contracts. The total open interest is $83.42 million, suggesting relatively stable positioning with mild contraction in trader commitments across the market.

Source: Coinglass

However, trading volume decreased by 24.18%, reflecting reduced market activity. The total volume recorded stands at $82.48 million, indicating moderate liquidity despite the decline and suggesting a slowdown in participation.

Also Read: FET Momentum Builds With 25% Rally in Sight After Key Resistance Test

FET Price Action Signals Possible Breakout to $1.80

Furthermore, the crypto analyst Butterfly revealed that the FET price is gaining strength as it bounces off the midline of its downward channel over three days.

The buyers are holding their positions strong in this area of support, implying some accumulation activity. The FET price stability in this region shows that selling pressure is diminishing, and traders are waiting for a trend change in the coming major movement.

Source: Butterfly’s X Post

Market players are watching out for any possible breakout in the event that momentum shifts to the upside. A breakout in the FET price will trigger an even stronger uptrend movement, with levels around $1.80 seen as significant targets. 

Overall, the setup remains neutral before a breakout is confirmed, although bullish setups are emerging as buying strength increases over the next few sessions.

FET Technical Indicators Point to Improving Momentum

According to TradingView, the FET price has undergone a sharp decline from its highs in mid-2025 before settling into a sideways trend. 

Following a fall to about $0.15 early in 2026, the FET price started experiencing a series of rising lows. Currently trading at $0.22365, it appears that the asset is preparing for an upcoming rally.

Source: TradingView

The technical indicators show a neutral market. The RSI level is currently 52.17, indicating balanced buy and sell pressure. 

At the same time, the MACD lines are converging towards zero, indicating a slowdown in momentum. It looks like the previous bearish period is ending as the market becomes less volatile and compresses.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Fetch.ai Recovery Gains Strength: FET Price Could Surge to 300% Ahead

NEAR protocol (NEAR) price is still in bullish territory, fueled by the increased participation of investors in both spot and derivatives markets. The development is indicative of better stability as the price bounces back after accumulation.

At the time of writing, NEAR is trading at $1.59 with a 24-hour trading volume of $ 675.65 million and a market cap of $ 2.05 billion. NEAR price increased 3.27% over the last 24 hours. Increased activity is indicative of progress in the NEAR protocol price formation on specific levels, with liquidity moving from spot to derivatives trading venues.

Also Read | JPMorgan Files for JLTXX Tokenized Money Market Fund on Ethereum

NEAR Protocol Price Outlook and Key Market Levels

A crypto analyst, Crypto Patel, predicted a positive future for the NEAR protocol on May 13, 2026. It was observed that the entry zone identified previously by Crypto Patel within the range of $1 to $1.30 had yielded excellent returns after bouncing off the $0.83 mark. The NEAR protocol had reached a high of $1.69, registering a gain of around 82%.

He further indicated that there might be reaccumulation territory from $1.18 down to $0.90 in case of any pullback, but still holds the long-term price outlook for the NEAR Protocol at $8, $17, and even up to $30–$50 in bullish scenarios. The risks involved will be clear below $0.80.

NEAR Derivatives Indicate Uncertainty

Positioning for derivatives statistics is still uncertain. The open interest fell by 4.83% to $299.94 million, reflecting less reliance on leverage in the futures market. However, the trade volume rose by 51.97% to $655.74 million, indicating higher levels of activity and involvement as the NEAR protocol price oscillates around important technical areas.

The open interest funding rate is still slightly neutral, being only 0.0011%. The balance between buyers and sellers signals that the cryptocurrency market has not yet experienced any breakout. The NEAR protocol price stays in a consolidation mode while investors keep an eye on the support and resistance levels.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | Vietnam Crypto Moves Toward Official Regulated Crypto Asset Market Launch Q3

BDACS and the Aptos Foundation have signed a Memorandum of Understanding (MOU) to expand the ecosystem of KRW1, described as the world’s first KRW-pegged stablecoin. The partnership aims to bring KRW1 to the blockchain network and strengthen the use of stablecoins in payments, remittances, and tokenized real-world asset markets in 2026.

BDACS Expands KRW1 Stablecoin to Aptos Network

The company BDACS has disclosed that KRW1 token will be integrated into the Aptos blockchain ecosystem. The decision aims at improving the liquidity and usability of KRW1, which is pegged to the Korean currency.

According to the news release, this represents the first time KRW1 has partnered with a non-EVM ecosystem blockchain project. The blockchain network uses its own programming environment, known as the Aptos Move Programming Language, rather than the Ethereum Virtual Machine (EVM).

Both parties highlighted how the collaboration might aid blockchain payment system development and infrastructure for digital assets. Stablecoins tied to the value of fiat money have become increasingly significant as people seek to speed up and streamline payments.

Also Read: Aptos (APT) Price Prediction: Can $2 Flip Open Path to $18?

Aptos Focuses on Payments and Tokenized Assets

Partnership will work towards development of real-life use-cases for KRW1 via payment and commerce integrations. The organizations intend to leverage their existing domestic and international payment networks to enhance adoption of stablecoins in commercial settings.

The organizations highlighted their intention to develop an on-chain commerce ecosystem that would allow for application of stablecoins in regular financial transactions. Payment integrations include those that would be made to mobile gifting platforms and blockchain wallets.

Aptos has gradually carved out its niche as a blockchain designed for rapid transactions and enterprise infrastructure. The Layer 1 blockchain is the brainchild of the former team behind Meta’s Diem blockchain project and continues to evolve by venturing into tokenization and stablecoins.

The Aptos blockchain already hosts multiple projects for institutions related to tokenized assets. According to industry statistics released during the announcement, Aptos holds over $580 million worth of tokenized assets and $1.7 billion worth of stablecoins.

KRW1 Stablecoin Targets Web3 Financial Innovation

The partnership between BDACS and Aptos may help realize wider applications for Web3 finance involving KRW1. According to their belief, KRW1 may be used in remittance transactions, digital shopping, and tokenization of financial products.

Stablecoins that are pegged to the fiat currencies in a region have emerged as an important subset of the crypto market. Although most stablecoins are pegged to the US dollar, stablecoins associated with other currencies, including the Korean won, are increasingly exploring their potential applications.

The collaboration can be attributed to increased attention to tokenizing real-world assets, known as RWA. Tokenization is becoming a more frequent approach employed by blockchain companies and financial organizations to enhance settlement processes and make traditional financial instruments more accessible.

Institutional Blockchain Adoption Continues in 2026

The Aptos and BDACS collaboration represents another instance of a growing trend of cooperation between blockchain infrastructure providers and fintech companies. Organizations have maintained their interest in stablecoins, tokenized financial products, and blockchain payments in the course of 2026.

In addition, Aptos has engaged itself with other institutional collaborations with regard to asset managers and enterprise blockchain projects. The performance of the Aptos network has enabled it to compete in the market of tokenized financial infrastructure.

With BDACS, the integration allows KRW1 to diversify its application to not be limited to a specific blockchain ecosystem. Multi-chain stablecoin models have gained relevance amid competition among blockchain ecosystems seeking users, liquidity, and enterprise adoption.

This collaboration illustrates the shift of stablecoin initiatives from crypto exchange to financial and payment services. With increased adoption, regional stablecoins such as KRW1 can eventually form part of a larger digital payment system in Asia and worldwide.

Also Read: Aptos Price Forecast: Could APT Surge to $1.14 in the Coming Sessions?

Bitcoin price remains stable despite a hotter-than-expected CPI report, showing resilience to macroeconomic pressure. On-chain data indicates whales are accumulating while retail investors show caution and weaker conviction. Large holders have added significant BTC, suggesting strategic positioning during uncertainty.

Bitcoin Holds Above $80K Despite Hot CPI Report

However, the data from Santiment Intelligence pointed out that the Bitcoin price remains steady above $80,000 despite a hotter-than-expected CPI report, showing resilience against macroeconomic pressure. On-chain data shows large holders accumulating while retail weakens. 

Wallets holding 10–10,000 BTC added 16,622 BTC, signaling confidence. This divergence suggests strategic positioning by whales as smaller investors hesitate amid inflation concerns and volatility across broader markets in the overall market context today.

Source: Santiment Intelligence’s X Post

Market structure continues to favor accumulation trends, with whales steadily increasing exposure while retail participants show caution and fear-driven selling. Historically, such divergence has preceded major bullish expansions in Bitcoin cycles. 

Reduced retail conviction combined with sustained large-holder buying often creates a stronger price base, potentially setting the stage for further upside continuation in coming months.

Also Read: Bitcoin Price Eyes Drastic 15% Korea-Driven Surge

Bitcoin Price Compression Signals a Rally Toward $114K

Furthermore, the crypto analyst Javon Marks revealed that Bitcoin is showing signs of a tight rhythm as momentum continues to fit into an increasingly narrow channel. 

The Bitcoin price’s ongoing consolidation signifies a temporary standoff between bulls and bears after a period of volatility, as price activity continues to respect key levels of support and resistance. The implication is that accumulation is taking place, and a breakout in Bitcoin price will soon follow.

Source: Javon Marks’ X Post

Market analysts have observed that if the uptrend continues gaining strength, the Bitcoin price may test for a break into the $114,000 level as resistance melts away and liquidity increases from both sides within the context of the market structure. 

Traders will be waiting for confirmation for the Bitcoin price breakout, accompanied by increased volume that would lead to an immediate surge to new highs.

Bitcoin Whale Strengthens Position With New Inflows

Apart from the price movements, Whale wallet 0x8ea8 has brought in fresh funds for a Bitcoin bull case with its 2.99 million USDC being sent to Hyperliquid. 

The trader is already holding 800 BTC in a long position with an unrealized profit of around $5.3 million for a position that is valued at $65.2 million.

Source: Lookonchain’s X Post

Instead of allowing profits to go unclaimed, the whale is increasing its stake in the game by putting more capital to work either as additional margin or to extend its position further. 

This is a strong statement made through leverage of Bitcoin, pointing towards a positive sentiment in the market.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Bitcoin Risk Appetite Falls as BTC Premium Drops to 0%