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Alibaba Cloud To Expand Sui Network, US SEC Delays Blackrock’s Spot Ethereum ETFs, Pullix Eyes $1 After Launch

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Alibaba Cloud is expanding its partnership with Mysten Labs to support developers working on the Sui network. On the other hand, the SEC has postponed its decision on Blackrock’s spot Ethereum ETF application. 

Meanwhile, Pullix has emerged as one of the best altcoins despite being a presale token. Its price performance has made analysts predict a 100x increase after its launch.

Sui (SUI) And Alibaba Cloud Partner To Grow Its Network 

A new report says Alibaba Cloud is expanding its partnership with Mysten Labs to help those building on the Sui (SUI) network. It would bring in services and tools to help the network grow. This includes adding their cloud services to Scale3 Labs’ Autopilot platform.

With just one click, developers can now quickly and easily set up Sui complete nodes thanks to this move. Furthermore, Alibaba Cloud will offer comprehensive capabilities for monitoring blockchain validators and nodes. These solutions feature AI-powered logging, alarms, and monitoring.

On the 30-day price chart, the Sui coin is currently up 38.4%. The altcoin price has fluctuated over the last month between $0.7217 and $1.44, according to CoinMarketCap.

Pullix (PLX) Launch Coming in Q1 2024, Set for Road To $1

Experts are excited about Pullix’s PLX coin, calling it the best cryptocurrency to buy right now. Its price has doubled recently, attracting many early buyers. Pullix is a hybrid exchange that offers a lot of digital assets for trading. With its coin, PLX, it’s becoming a favorite in the crypto community.

Having PLX coins means you are part of Pullix’s growth story. The more PLX you have, the bigger your share of the platform’s daily profits. This gives you a chance to earn passive income. 

In addition, the holders of PLX receive NFTs and also additional benefits, depending on how many tokens they hold. Another interesting feature of Pullix is the opportunity for users to generate interest (between 8% and 18%) when they provide liquidity to AMMs on the Pullix platform.

It is also possible, as well, to place your PLX coins in its staking pool and get a monthly stable income. With all these advantages, experts have called the PLX coin one of the best cryptocurrency to buy in 2024. Its expected price after launching later in the first quarter is between $0.2 and $1.

US SEC Delays Decision on Spot Ethereum ETFs for BlackRock

However, the US Securities and Exchange Commission has deferred its verdict on a new Ethereum ETF from BlackRock. A number of leading firms have been waiting for the SEC’s blessing to launch their Ethereum ETF – including BlackRock, which is currently the biggest asset manager worldwide.

Even Fidelity, an equally big player last week faced the same delay. Other VC firms that might apply can also suffer the same. Nevertheless, there is a sense of optimism in the crypto community as they expect that the regulator will approve an Ethereum ETF like it has done for Bitcoin.

Now, everyone waits for May 23rd which is the SEC’s final decision day. Selling pressure has caused the altcoin price to fall. As a result, the Ethereum price fell from $2,710 to as low as $2,186. It has now stabilized above $2,200.

In Conclusion

Despite the current spotlight on both altcoins, namely Sui and Ethereum, their prices are going down very sharply. Pullix’s PLX, on the other hand, has soared 100% from $0.04 to $0.10. This makes it a very valuable asset to your crypto portfolio.

For more information regarding Pullix’s presale see links below:

 Visit Pullix

Join The Pullix Communities

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John Kiguru
John Kiguru
John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@ethnews.com Phone: +49 160 92211628