Coinbase officially rolled out staking services for the SUI token as of July 22, 2026. Customers can now lock up assets directly on the exchange without transferring them to external wallets, requiring an initial minimum of just 1 SUI token.
The estimated annual percentage yield ranges between 1.4% and 3.3%, fluctuating based on daily network load conditions. Unlike typical staking mechanisms that distribute rewards weekly or monthly, SUI rewards are paid out every 24 hours. The system also automatically compounds returns. However, this new feature is not available to everyone due to regional restrictions in certain jurisdictions.
Assessing the Chances of Breaking the $0.78 Barrier
The rollout coincides with a critical juncture for SUI’s price action. When Coinbase made the announcement, the token was trading around $0.772 on Binance, sitting just beneath a strong resistance level at $0.7806. The four-hour chart displays an ascending triangle pattern, a technical structure supported by an upward trendline rising from its late-June low of $0.65.
If buying volume manages to push the price past the $0.7806 barrier, chart projections indicate a potential 16.7% rally toward $0.9095. Several market indicators support this possibility. The relative strength index (RSI) on the four-hour chart sits at 59.97, hovering near its 61.75 signal line. Meanwhile, the daily MACD points in a positive direction and the Chaikin Money Flow reads at 0.10, signaling ongoing capital inflows.
Bitcoin Initiative and SEC Payout
Beyond expanding its staking offerings, Coinbase also highlighted new ecosystem developments on Sui with the launch of the Hashi testnet. The project bridges Sui’s infrastructure with the Guardian Layer to build Bitcoin-based financial applications. This cross-chain integration initiative has reportedly attracted over 25 ecosystem partners.
For Coinbase, the launch day coincided with a legal victory. The crypto exchange settled a prolonged dispute with the US Securities and Exchange Commission (SEC) concerning Freedom of Information Act (FOIA) requests. As part of the settlement, the SEC was ordered to pay Coinbase $150,000.
Despite the product expansion and legal win, the exchange faced pressure in equity markets. COIN shares fell 3.65% to $169.42 during intraday trading.
For retail SUI investors, the convenience of earning daily yields offers an incentive to hold over the short term. It remains to be seen whether this sentiment will provide the final push needed to break through immediate resistance.
Reported by crypto.news.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
