The encryption market continues to rebound in the recent past, but high leverage trading and the situation in the Middle East are still keeping the face of the shock. In addition to price factors, the wallet supports adjustment, changes in the silo of derivatives on the chain, and also affects market sentiment.
Phantom will stop supporting Sui in September.
Phantom indicated that support for the Sui network will end on September 24, 2026. The decision was made in consultation with the Sui team. User assets will not disappear as a result, but Sui assets will need to be transferred to other compatible wallets or converted to assets that are supported by Phantom.
Phantom also provides a free exchange fee and will provide guidance on relocation in its application. Sui support function has been online for about 20 months. Phantom has previously given up its support for Monad, showing that its support for the network may be shrinking.
Increased financial pressure on Iran by the United States
The United States Treasury Secretary, Scott Becent, announced that he would exert stronger financial pressure on Iran, focusing on its economic lifeline, and warned that countries that continued to operate in Tehran might face isolation. Iran then warned the Gulf States not to cooperate with Washington and stated that cooperation could have consequences.
For the encrypted market, the risk does not flow directly from the policy itself, but rather from the ripple effects of oil prices, inflation and global risk preferences. If the situation around the Strait of Hormuz escalates further, market volatility may increase and risk asset pressure will become more apparent.
Bitcoin hasn't recovered the 50-week average.
The total market value of the encryption market is currently about $2.7 trillion, 24 hours up by 0.9 per cent and the city of Bitcoin accounts for about 59.3 per cent. Although there has been a significant recent rebound, according to the analyst Virtual Bacon, the trend has not yet been fully confirmed.
He mentioned that the 50-week mean line, approximately US$ 81,822, remained a key position for Bitcoin to re-establish, especially to see if the weekly close could return to this level. At the time of the cut-off, Bitcoin had reported approximately US$ 77,030, with a 24-hour turnover of approximately US$ 33.98 billion.
Hyperliquid empty space increased
According to the report, the empty opening on Wintermute on Hyperliquid increased from $146.19 million to $190.7 million, involving ETH, BTC, SOL, HYPE and XRP. This part of the warehouse could become a new source of volatility if the related asset prices were to fluctuate rapidly.
Hyperliquid has recently remained one of the more market-performing projects, with a new high price. As its discussions on compliance in the United States warmed, the market also followed its follow-up ecological progress. The article mentions that HyperEVM is in the process of complementing the derivative ' s ecology with the Taifonic Compatibility Layer, but the use of the chain still needs to be further expanded.