KEYTAKEAWAYS
- Sui partners with Ledger, allowing users to manage SUI tokens securely in Ledger Live with future support for swapping and staking.
- U.S. March CPI forecasted at 2.6%; rising car insurance costs may delay Fed action despite easing inflation pressure.
- MELANIA team quietly sold $4.2M in tokens over 25 days, raising concerns about transparency and community trust.
CONTENT
SUI ANNOUNCES PARTNERSHIP WITH LEDGER
On April 10, Sui announced a partnership with Ledger. Users can now access Sui ecosystem tokens and SUI directly through Ledger Live. With this native integration, users can securely buy, send, and receive SUI and Sui tokens. Support for swapping and staking will be added in the future.
According to Sui, since Ledger protects around 20% of the global crypto market, this partnership is a big step toward self-custody for SUI and its growing DeFi ecosystem.
Analysis:
Ledger is a leading hardware wallet that keeps private keys safe from online attacks. By working with Ledger, Sui allows users to securely store SUI using cold wallets. This is especially important after crypto hacks caused $1.63 billion in losses in Q1 (PeckShield data).
It also makes it easier for Ledger users to access the Sui ecosystem, which may help boost SUI’s price and trading volume.
U.S. LABOR DEPARTMENT TO RELEASE MARCH CPI
On April 10, at 8:30 a.m. EST, the U.S. Labor Department will release the March CPI data, along with initial jobless claims for the week ending April 5.The previous yearly CPI (not seasonally adjusted) was 2.8%. This time, the forecast is 2.6%.
Goldman Sachs believes rising car insurance costs are the biggest reason for the CPI increase, while tariffs will have little effect.
Analysis:
If the March CPI is 2.6%, it would be a soft signal and may ease market worries.But car insurance driving up inflation shows core inflation is still stubborn.The Fed may stay cautious and wait until June before making changes.
If jobless claims are higher than expected (over 230,000), Bitcoin might drop 3%–5%.Goldman may be underestimating the impact of tariffs—April data could be more important.
MELANIA TEAM SOLD 6.72M TOKENS IN 25 DAYS
On April 10, Lookonchain reported that the MELANIA meme coin team has been selling tokens through liquidity changes. Over the past 25 days, they used 8 wallets to adjust liquidity and sold 6.72 million MELANIA tokens, worth 34,168 SOL (about $4.2 million).
Analysis:
The team sold $4.2 million worth of tokens in 25 days.While this is only 1.9% of their total holdings, the way they did it—quietly and over time—raises red flags.
MELANIA calls itself a “fun digital collectible,” but the team’s actions tell a different story.Meme coins rely on community trust, and this move could damage that trust badly.
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