- Sei Foundation eyes 23andMe acquisition to secure 15M genomes via blockchain, enabling user-controlled data monetization and privacy.
- Sui partners with Greece’s stock exchange to launch blockchain-based fundraising platform with ZK privacy for bid transparency.
The Sei Foundation has announced it is considering acquiring the bankrupt genetic testing company 23andMe. The nonprofit, which supports the Sei blockchain, said the acquisition would aim to protect the genomic data of 15 million Americans. The foundation emphasized its concern that genetic data, if not secured, could fall into the hands of entities that do not prioritize privacy.
Founded in 2006, 23andMe grew by offering low-cost DNA testing kits that allowed users to access personal ancestry and health-related genetic information. The company built one of the largest privately held genomic databases in the world. Now, with the firm facing bankruptcy, questions have surfaced regarding how and where that data could be stored, transferred, or sold.
The Sei Foundation is in the process of placing its boldest DeSci bet yet.@Sei_FND is officially exploring the acquisition of @23andMe to defend the genetic privacy of 15 million Americans and ensure their data is protected for generations to come.
We believe user data… pic.twitter.com/c06R2QPyff
— Sei 🔴 (@SeiNetwork) March 27, 2025
The Sei Foundation believes that integrating this data into a blockchain infrastructure could address key risks. Blockchain would allow data to be encrypted and shared only with user consent. In this model, individuals control how their information is accessed. Additionally, users could benefit financially by choosing to share their data with research organizations or other institutions.
Meanwhile, on April 16, 2025, the Sui Foundation announced a collaboration with the Athens Exchange Group (ATHEX), the operator of Greece’s national stock exchange. The partnership involves a new digital fundraising platform designed on the Sui blockchain. The system is built to upgrade the current Electronic Book Building (EBB) process, a standard method used to assess investor demand for new stock offerings.
This new platform uses smart contracts and zero-knowledge (ZK) technology to protect sensitive bid details while keeping the overall process transparent and verifiable. ZK tools allow bid data to remain hidden from public view while still proving that each submission complies with regulatory requirements.
The Athens Exchange Group plans to fully digitize its EBB system, making it the first national exchange to operate a complete on-chain order book. The platform aims to maintain privacy while increasing automation and improving compliance checks. According to Nikos Porfyris, COO of ATHEX, the transition to blockchain infrastructure seeks to boost efficiency, reduce errors, and improve the quality of market data.
Both cases highlight how blockchain infrastructure is being used to support privacy, transparency, and autonomy in two very different fields: personal genomics and capital markets.
While challenges remain in execution and regulation, these developments show how public and institutional interest in blockchain technology continues to shape practical applications beyond cryptocurrencies.
Sei (SEI) is currently trading at $0.1722, showing a 2.68% gain in the last 24 hours, and posting a strong 15.36% increase over the past week. However, the broader trend for SEI remains bearish, as the token is down 56.53% year-to-date and 65.59% over the past 12 months, highlighting that despite recent upside, it’s still in deep correction territory from its all-time high of $1.1455.
From a technical standpoint, SEI appears to be in the early stages of forming a bottoming structure. The current price is attempting to build support above the $0.17 level, a zone that previously acted as resistance during bounces from lower lows. Momentum is picking up slightly, but the trend remains fragile.
If bulls manage to flip $0.18–$0.20 into support, the next targets lie at $0.24 and $0.26, both key resistance zones from earlier distribution phases. However, if the $0.17 support fails, the token could slide back toward $0.15 or even $0.13, which marks the last significant buyer reaction area.
On the fundamental side, Sei continues to position itself as a high-performance Layer 1 blockchain optimized for trading. The network’s parallelized EVM upgrade and fast block finality are designed to serve as infrastructure for on-chain exchanges and DeFi protocols.
Exact Price Prediction: If SEI holds above $0.17 and volume confirms the bounce, it is projected to reach $0.208 within the next 4 days, assuming resistance at $0.18 is broken with momentum.
SUI is currently trading at $2.13, showing a slight 0.50% daily gain, reflecting ongoing consolidation after a period of volatility. Over the past month, the token is down 6.63%, and on a year-to-date basis, SUI has declined by 48.14%, despite being up 69.39% over the past year. This highlights a volatile but recovering trend, particularly for a Layer 1 protocol still carving out market share in the smart contract platform space.
From a technical perspective, SUI is attempting to stabilize above the $2.10 level, which has become a short-term support zone following a bounce from previous lows. Resistance lies around $2.28–$2.35, where the token has faced repeated rejection.
A successful break above this area could open up upside targets near $2.52 and $2.80, both significant supply zones. Conversely, if price slips below $2.10, it could trigger another drop toward $1.85–$1.70. Indicators like RSI and MACD are neutral, with early signs of a potential bullish crossover forming.
Fundamentally, SUI continues to build momentum in the Web3 ecosystem. With a circulating supply of 3.25 billion tokens and a market cap of approximately $6.93 billion, it remains one of the more prominent newer Layer 1 blockchains.
Upcoming catalysts include an AMA session on April 17 and a 2.28% token unlock scheduled for May 1, which could influence near-term price dynamics through increased supply.
Exact Price Prediction: If SUI holds above $2.10 and reclaims $2.35 with volume, it is projected to reach $2.61 within the next 4–5 days, driven by technical breakout potential and growing developer interest.
