SUI’s prevailing ascending channel and Fibonacci setup project $7.56 as the new record high target. Sui (SUI) is making a strong technical case for a 100% price rally in the coming weeks, helped further by a slew of optimistic updates, such as the recent Nasdaq ETF filing with the US Securities and Exchange Commission (SEC). As of May 28, SUI has reclaimed the “Gooner EMA” as support on the weekly chart. Gooner EMA is a technical indicator created by trader NebraskanGooner that uses the 11- and 22-period exponential moving averages (EMA). When the price crosses above the EMA range, it often leads to further gains. Read more
xAI’s Grok could soon be accessible in Telegram and will offer chats, text editing, chat and document summaries, inbox agents, group chat moderation and more. Update (May 28, 11:12 pm UTC): This article has been updated to add X posts from Elon Musk and Pavel Durov regarding the deal. Elon Musk’s artificial intelligence company xAI has “agreed in principle“ to integrate its AI chatbot Grok across Telegram, says the messaging platform’s CEO, Pavel Durov. Durov said in a May 28 X post that he and Musk agreed to a one-year partnership for Telegram to distribute Grok across Telegram and integrate it into its apps. Read more
Vodafone Romania, one of the largest players in the local IT&C market, in partnership with the National University of Science and Technology Politehnica Bucharest and Fifth Ingenium, sets out to implement the 5G-ENRICH (5G-Edge Network for Reinventing Innovation in Community and Higher-Education) project, a digital infrastructure initiative supported by the European Commission through the CEF Digital program.
The executives behind Metalayer Ventures have launched a $25 million venture fund with a focus on stablecoins and tokenization. Metalayer Ventures, a crypto-focused venture capital firm led by former executives from Chainlink and Two Sigma, has launched a $25 million fund to invest in early-stage blockchain projects with a focus on stablecoins, tokenization and cryptocurrency infrastructure. Metalayer’s fund has already backed seven companies, the company disclosed to Cointelegraph on May 28. These include AnchorZero, a platform helping crypto founders use Roth IRAs for tax advantages, and Spark Capital, a new venture focused on stablecoin infrastructure. Other portfolio companies include Ethena, ClearToken, Crossover Markets, Station70 and Theo — an onchain trading infrastructure project that recently raised $20 million from 17 different VC firms. Read more