21Shares launches first leveraged SUI ETF on Nasdaq following SEC approval

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.

The SEC has approved the first leveraged Sui ETF, allowing 21Shares to launch a 2x product on Nasdaq, reflecting a growing demand for cryptocurrency ETFs. This approval marks a significant step in the evolving landscape of crypto investment products.

Citadel has urged the U.S. Securities and Exchange Commission (SEC) to impose regulations on decentralized finance (DeFi) similar to those applied to traditional finance (TradFi), igniting significant backlash from the crypto community that values DeFi's independence from conventional financial systems.

Digital Asset has secured approximately $50 million in funding from notable investors including BNY, iCapital, Nasdaq, and S&P Global to enhance the adoption of the Canton Network, a platform designed for onchain tokenization. This funding is expected to facilitate the growth of institutional interest in blockchain technology.

Digital Asset has secured approximately $50 million in funding from prominent investors including BNY, iCapital, Nasdaq, and S&P Global to enhance the adoption of the Canton Network, which focuses on onchain tokenization. This funding is expected to facilitate the growth and scalability of the network as institutional interest in tokenization increases.

Citadel has submitted a letter to the U.S. Securities and Exchange Commission (SEC) challenging the regulatory framework surrounding decentralized finance (DeFi), which has led to significant backlash from industry stakeholders. This move is perceived as an attempt to classify DeFi under traditional financial regulations, raising concerns about the future of the sector.

Hayden Adams, the founder of Uniswap, has publicly criticized Citadel Securities for its recent submission to the U.S. Securities and Exchange Commission (SEC), which seeks to classify decentralized finance (DeFi) under the same regulations as traditional finance (TradFi). Adams argues that this move threatens the fundamental principles of open, peer-to-peer finance.