Decentral Block Post

Major cryptocurrency exchanges around the world are launching trading of the Sui (SUI) token amid the Sui Network's mainnet launch on May 3.

According to an official announcement by the Sui Foundation, the Sui mainnet went live at 12:00 pm UTC. A wide number of global crypto trading platforms opted to support the Sui mainnet launch, enabling investors to buy and sell the new SUI token.

As such, Binance crypto exchange plans to debut SUI trading right away after mainnet launch. The platform will allow users to trade between SUI and cryptocurrencies like Bitcoin (BTC), Tether (USDT) and Binance Coin (BNB) at 12:15 pm UTC. The firm will also enable investors to exchange SUI against euros and Turkish liras.

Other big exchanges including Huobi, KuCoin, ByBit, OKX and Poloniex also announced SUI listings. KuCoin noted that it also plans to list SUI USDT-margined futures and isolated margin trading pair SUI/USDT when its “liquidity meets the requirement.”

Poloniex also emphasized that the total supply of SUI is capped at 10 billion tokens.

Litecoin (LTC) can make some big gains versus Bitcoin (BTC), particularly as the August halving event gets closer, according to Litecoin's creator Charlie Lee.

Litecoin up 85% since record lows versus Bitcoin

Lee argues that LTC/BTC could rally to 0.025 BTC, or over 700%, in the next bull cycle, with Litecoin having "higher throughput by design, scalability with extension blocks, better fungibility, and privacy from MWEB."

Lee:

"I can see an upside target of 10% (0.025 LTC/BTC). In the next bull market, 5% (0.0125) shouldn't be too hard to achieve. I honestly don't see it going much below 1% (0.0025) on the downside. The next halving will be in ~92 days. This is going to be fun."

His statements appeared after Litecoin's 85% price recovery from its record low of 0.001716 BTC in June 2022. LTC is still down about 90% below its record high of 0.051 BTC from November 2013, owing to rising competition in the altcoin market.

Litecoin (LTC) can make some big gains versus Bitcoin (BTC), particularly as the August halving event gets closer, according to Litecoin's creator Charlie Lee.

Litecoin up 85% since record lows versus Bitcoin

Lee argues that LTC/BTC could rally to 0.025 BTC, or over 700%, in the next bull cycle, with Litecoin having "higher throughput by design, scalability with extension blocks, better fungibility, and privacy from MWEB."

Lee:

"I can see an upside target of 10% (0.025 LTC/BTC). In the next bull market, 5% (0.0125) shouldn't be too hard to achieve. I honestly don't see it going much below 1% (0.0025) on the downside. The next halving will be in ~92 days. This is going to be fun."

His statements appeared after Litecoin's 85% price recovery from its record low of 0.001716 BTC in June 2022. LTC is still down about 90% below its record high of 0.051 BTC from November 2013, owing to rising competition in the altcoin market.

Bitcoin (BTC) miners have profited roughly 37% from mining Bitcoin since its inception, new data reveals.

Calculations from on-chain analytics firm Glassnode suggest that since 2010, fees and block reward subsidies have netted miners over $50 billion.

Bitcoin miner revenue passes $50 billion mark

Amid an ongoing debate over miner costs and susceptibility to Bitcoin price dips, new figures suggest that miners are firmly in the black in the long term.

According to Glassnode, miners’ total all-time income is almost 40% higher than their estimated costs, coming in at $50.2 billion versus $36.6 billion, respectively.

Researchers generated the numbers using two metrics: thermocap and transaction fees, which are “the cumulative sum of issuance multiplied by spot price in addition to all-time generated fee revenue” and difficulty production cost.