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Celsius, KeyFi Reach Agreement in Fraud Case

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The now-defunct crypto lending platform Celsius has settled its three-year-long case with KeyFi CEO Jason Stone. The litigation council submitted a letter to the judge detailing the agreement.

KeyFi and Celsius have a proper working relationship. The former served as Celsius’s investment manager between 2020 and 2021.

Fraud Case Settled: Celsius and KeyFi CEO Agree

The litigating council sent an official letter to US bankruptcy judge Martin Glenn, details of which were redacted, indicating that Celsius (the accused) and Mr. Stone (the plaintiff) had reached a settlement agreement.

KeyFi served as Celsius’s investment manager from August 2020 to March 2021, based on a Memorandum of Understanding (MOU). It worked under the Celsius umbrella as Celsius KeyFi and, therefore, expected part of the profits it made under Celsius over several staking and DeFi strategies.

Settlement agreement between Celsius and Jason Stone,
Settlement Agreement Between Celsius and Jason Stone. Source: Council

Reportedly, the two parties had a “handshake agreement,” which Celsius allegedly refused to honor, leading KeyFi to miss out on “millions of dollars.” In a long section of the complaint, Stone claimed Celsius was running a Ponzi-style operation by luring depositors with high interest rates.

Read more: How To Identify a Scam Crypto Project

According to the plaintiff, this strategy was the lender’s approach to “repay earlier depositors and creditors.” The complaint, therefore, detailed:

  • Negligently misrepresenting its risk management protocols.
  • Fraudulently inducing KeyFi to work with Celsius by presenting misleading information about its business operations.

Neither Celsius nor KeyFi or Stone immediately responded to BeInCrypto’s request for comment.

While partnerships in the crypto space often rely on trust, verifying all aspects of the agreement and operations can prevent misunderstandings. This case underscores the need to balance trust with verification.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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SUI Price Stalls After Major $147 Million Token Unlock

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SUI enters a critical phase today as a $147 million token unlock threatens to inject selling pressure into a market already testing key resistance levels. Despite a sharp rebound in momentum—evident in the RSI’s surge from oversold territory—SUI failed to break above the crucial 60 mark, signaling buyer hesitation.

The Ichimoku Cloud shows price action pressing against the cloud’s edge, but lacking the conviction needed for a clear breakout. With a possible golden cross forming on the EMA lines, bulls still have a chance—if they can overcome resistance at $2.50 and avoid being dragged down by post-unlock volatility.

SUI RSI Surged Since Yesterday But Failed To Break Above 60

SUI’s Relative Strength Index (RSI) has jumped sharply to 58.94, up from 29.38 just a day ago, reflecting a strong shift in short-term momentum.

The RSI is a momentum oscillator that measures the speed and magnitude of recent price changes. It typically ranges from 0 to 100. Readings below 30 suggest an asset may be oversold, while levels above 70 indicate it may be overbought.

The rapid rise in SUI’s RSI suggests buyers have stepped in aggressively after a period of heavy selling.

SUI RSI.
SUI RSI. Source: TradingView.

However, despite the impressive rebound, SUI’s RSI briefly approached but failed to break above the 60 threshold earlier today.

This level often acts as a short-term resistance during recovery phases, and the rejection may indicate lingering hesitation among buyers or profit-taking after the surge.

While the RSI nearing 60 is encouraging, a decisive move above it would be needed to confirm a breakout. For now, SUI appears to be in a recovery mode. However, the inability to push past 60 highlights that bulls are not fully in control just yet.

Ichimoku Cloud Shows Lack Of Strong Upward Momentum

SUI blockchain Ichimoku Cloud chart shows a potential breakout attempt, as the price has surged upward and is now hovering right at the edge of the Kumo (cloud).

This movement suggests bullish momentum is trying to build. However, the resistance provided by the thick, red cloud ahead could make it difficult for SUI to sustain the uptrend without stronger confirmation.

The Tenkan-sen (blue line) is starting to rise and has crossed above the Kijun-sen (red line), which is a bullish signal. However, the price still needs to clearly break and hold above the cloud to flip the overall trend from bearish to bullish.

SUI Ichimoku Cloud.
SUI Ichimoku Cloud. Source: TradingView.

For now, the cloud remains bearish and flat, indicating possible resistance and a lack of strong upward conviction.

The current position suggests that SUI is at a key decision point—either break through the cloud to initiate a trend reversal or get rejected and slip back into the previous downtrend range.

If buyers can sustain the pressure and push the price above the upper cloud boundary, it could trigger a stronger rally. But without increased volume and broader market support, the price risks getting stuck in consolidation or turning back downward.

Will SUI Rise Back To $2.80?

SUI’s EMA lines are tightening and showing signs of a potential golden cross. That happens when a short-term moving average crosses above a longer-term one—a classic bullish signal that often precedes upward momentum.

However, the price is currently grappling with a key resistance near the $2.50 level.

If bulls manage to break through this level, it could open the path for a move toward $2.83.

Price Analysis for SUI.
Price Analysis for SUI. Source: TradingView.

That said, downside risks remain, particularly with today’s $147 million token unlock, which could introduce significant selling pressure. If that selling materializes, SUI price could fall back to test the support at $2.23.

A breakdown below that level would likely shift momentum back in favor of bears. This would expose deeper supports at $2.11 and $1.96.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Circle Files for IPO

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Leading stablecoin issuer Circle finally launched an IPO. It has been preparing for this launch for almost a year, and joins several other crypto firms that are interested in an IPO filing.

This gives Circle a number of opportunities, both to benefit financially and to better integrate with the financial infrastructure and regulatory apparatus.

Circle’s IPO Comes At Last

Circle, one of the world’s largest stablecoin issuers, just filed for an IPO. The firm has been planning this move for nearly a year, relocating to the United States to make the process easier. Since Trump won the most recent Presidential election, the firm’s chances of an IPO increased, and now it has finally pulled the trigger:

“For Circle, becoming a publicly traded corporation on the New York Stock Exchange is a continuation of our desire to operate with the greatest transparency and accountability possible. We are building what we believe to be critical infrastructure for the financial system, and we seek to work with leading companies and governments around the world in shaping and building this new internet financial system,” founder and CEO Jeremy Allaire claimed in the filing.

By launching this IPO, Circle has opened a few new doors for itself. Of course, it’s a substantial opportunity for revenue, but it’s also an important way to intensify the firm’s connections to the financial infrastructure. In this respect, it joins a number of other crypto firms that have sought their own IPO in the last month.

Circle’s IPO filing doesn’t list many concrete numbers, such as initial public offering price, number of available shares, proceeds to the selling stockholders, etc. However, this development is very recent. Further details will likely come to light as the sale progresses.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Solana Faces Resistance While ETH Sees DEX Volume Boost

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Solana (SOL) is attempting to recover from an almost 12% correction over the past seven days. The RSI has surged into overbought territory, suggesting strong bullish momentum. However, the BBTrend remains deeply negative—though it’s beginning to ease, hinting at potential stabilization.

Meanwhile, the EMA lines are setting up for a possible golden cross, signaling that a trend reversal could be forming if key resistance levels are broken. Still, with Ethereum overtaking Solana in DEX volume for the first time in six months and critical support levels not far below, SOL remains in a delicate position.

SOL RSI Is Now At Overbought Levels

Solana’s Relative Strength Index (RSI) has surged to 72.91, up sharply from 38.43 just a day ago—indicating a rapid shift in momentum from neutral to strongly bullish territory.

The RSI is a widely used momentum oscillator that measures the speed and magnitude of price movements on a scale from 0 to 100.

Readings above 70 typically suggest an asset is overbought and may be due for a pullback, while levels below 30 indicate oversold conditions and potential for a rebound.

SOL RSI.
SOL RSI. Source: TradingView.

With Solana’s RSI now above 70, the asset has officially entered overbought territory, reflecting intense buying pressure in the short term.

While this can sometimes precede a correction or consolidation, it can also signal the start of a breakout rally.

Traders should watch closely for signs of continuation or exhaustion. If momentum holds, Solana could push higher, but any stalling may trigger profit-taking and short-term volatility.

Solana BBTrend Is Decreasing, But Still Very Negative

Solana’s BBTrend indicator has climbed slightly to -11.18 after hitting a low of -12.68 earlier today. That suggests that the bearish momentum is starting to ease.

The BBTrend (Bollinger Band Trend) measures the strength and direction of a trend based on how price interacts with the Bollinger Bands.

Values below -10 typically indicate strong bearish pressure, while values above +10 reflect strong bullish momentum. A rising BBTrend from deep negative territory can be an early sign of a potential reversal or at least a slowdown in the downtrend.

SOL BBTrend.
SOL BBTrend. Source: TradingView.

With SOL’s BBTrend still in bearish territory but improving, the market may be attempting to stabilize after a period of intense selling.

However, broader ecosystem developments complicate the technical picture. For example, Ethereum recently surpassed Solana in DEX volume for the first time in six months.

While the easing BBTrend hints at recovery potential, Solana still needs a stronger confirmation to shift the trend fully in its favor. Until then, cautious optimism may be warranted, but the bears haven’t fully let go.

Solana Still Has Challenges Ahead

Solana’s EMA lines are showing signs of an impending golden cross. A golden cross occurs when a short-term moving average crosses above a long-term one. That’s often seen as a bullish signal that can mark the start of a sustained uptrend.

If this pattern is confirmed and buying momentum continues, Solana price could push up to test the resistance at $131.

A successful breakout above that level may open the door to further gains toward $136, and potentially even $147.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

However, downside risks remain if buyers fail to hold recent gains.

If SOL pulls back and loses the key support at $124, it could trigger further selling pressure, pushing the price down to $120.

Should the downtrend gain strength from there, SOL might revisit deeper support levels around $112.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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