SEC approves first leveraged Sui ETF as 21Shares prepares launch on Nasdaq

21Shares has launched its first leveraged SUI ETF on Nasdaq following approval from the SEC, marking a significant milestone in the cryptocurrency investment landscape. This new product allows investors to gain exposure to SUI with enhanced leverage, reflecting the growing demand for innovative financial instruments in the crypto sector.

Digital Assets has secured a strategic investment of approximately $50 million from major financial institutions including BNY, Nasdaq, iCapital, and S&P Global to bolster the adoption of the Canton Network, which focuses on blockchain infrastructure for tokenized real-world assets.

The SEC has approved a 2x leveraged ETF linked to SUI, a move that comes in the aftermath of significant volatility in the cryptocurrency market due to excessive leverage. This approval reflects a cautious approach by regulators to introduce new financial products while addressing market stability concerns.

Base has launched a bridge to the Solana blockchain, utilizing Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Coinbase's infrastructure, allowing SOL and SPL tokens to be integrated into Base applications. This initiative aims to enhance cross-chain liquidity and interoperability within the cryptocurrency ecosystem.

The Binance leverage ratio has reached a 30-day low, indicating a decline in speculative trading activity and suggesting increased market stability and lower liquidation risks for investors. This shift reflects a broader trend in the cryptocurrency market as traders adjust their strategies in response to recent volatility.

Huaxia Bank has issued blockchain bonds worth 637 million yuan, which are settled in digital yuan, marking a significant step in China's financial integration of blockchain technology and digital currency.

BitGo has entered into a partnership with Goobit to enhance Bitcoin infrastructure in the Nordic region by integrating custody and trading solutions into BTCX, which is part of Goobit's long-term Bitcoin strategy. This collaboration aims to strengthen the operational framework for Bitcoin transactions and custody in the area.

Polymarket has launched its integration into the MetaMask mobile app, enhancing user access to decentralized prediction markets. This move is expected to simplify the trading experience for users, potentially increasing participation in these markets.