Sui Exchange-Traded Fund Proposal by 21Shares Leads to Solana's Challenger's Jump

Sui Exchange-Traded Fund Proposal by 21Shares Leads to Solana's Challenger's Jump

Crypto Corner

Welcome to the Daily Hodl, your destination for crypto updates, news, and insights. Here's what's happening in the world of digital assets:

News on the Horizon- 🌟 Sui ETF Filing: In an exciting development, 21Shares has filed for a SUI exchange-traded fund (ETF) in the US. The Sui blockchain's native token, SUI, briefly surged over 5% following the announcement, trading around $3.56 prior to the announcement and reaching a high of $3.75. As of writing, SUI is back to $3.57. Duncan Moir, president of 21Shares, feels confident in the project, stating, "Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the industry, and we're seeing that thesis play out."

In the Pipeline- 🚧 The SEC's Agenda: The U.S. Securities and Exchange Commission (SEC) has over 70 applications under review for various crypto exchange-traded products. After approving Bitcoin and Ethereum ETFs last year, the regulator is currently mulling over their offerings. Keep an eye out for further updates!

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Industry Announcements- Bybit Bounces Back: After a recent $1.5 billion hack, Kaiko confirms fast liquidity recovery on Bybit[1].- ProMeeters Program Launch: ProMeet unveils its Promeeters program, a platform designed to increase influencer impact and long-term earnings[2].- DogeOS Funding Round: DogeOS has secured $6.9 million in a funding round led by Polychain Capital, with plans to launch a Dogecoin app layer[3].- Casper 2.0 Mainnet: Casper 2.0 has gone live on the mainnet, positioning Casper Network for the Era of Real-World Assets[4].- MAG Real Estate Tokenization: MultiBank Group is set to tokenize $3 billion in real estate assets via MAG as they prepare to launch MBG[5].- Pepeto Launch: Pepeto is gearing up for a launch on the exchange following the completion of its presale and platform milestones[6].- BC Token Expanding Ecosystem: BC.GAME has launched phase two of its social mining campaign, aiming to boost engagement within its ecosystem[7].

Watch This Space- 📍 Crypto Rallies Prediction: Analysts anticipate fresh crypto rallies, with Bitcoin looking strong and healthy[8].- 📍 Standard Chartered's Prediction: Standard Chartered Bank expects a new Bitcoin all-time high this quarter[9].- 📍 Stablecoins Surge on TRON: Stablecoins on the TRON network increased by $2.17 billion in just seven days, dominating the fee game[10].- 📍 Wells Fargo, Morgan Stanley, Merrill Lynch, and UBS: These financial institutions are rumored to open Bitcoin ETF services by the end of this year[11].

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[1] Bybit Bounces Back: Kaiko Validates Fast Liquidity Recovery Post-$1.5B Hack[2] ProMeet Unveils the Promeeters Program To Boost Influencer Impact and Long-Term Earnings[3] DogeOS Raises $6.9 Million in Funding Round Led by Polychain Capital To Launch Dogecoin App Layer[4] Casper 2.0 Goes Live on Mainnet, Positioning Casper Network for the Real-World Asset Era[5] MultiBank Group To Tokenize $3 Billion in Real Estate Assets With MAG As It Readies To Launch MBG[6] Pepeto To Launch on Exchange Following Presale Wrap-Up and Platform Milestones[7] BC.GAME Launches Phase Two of Social Mining Campaign, Expanding Ecosystem Engagement With BC Token[8] Analyst Predicts Fresh Crypto Rallies Led by Bitcoin, Says BTC Looking Strong and Healthy[9] Standard Chartered Predicts New Bitcoin All-Time High This Quarter - Here's the Banking Giant's Target: Report[10] Stablecoins on TRON Increase by $2,170,000,000 in Just Seven Days As Network Dominates Fee Game: On-Chain Data[11] Wells Fargo, Morgan Stanley, Merrill Lynch and UBS Will Open Bitcoin ETF Services by End of Year: Bitwise CIO Matt Hougan

1. The surge in SUI token price following the Sui ETF filing by 21Shares indicates a healthy interest in altcoins, signifying a potential rally in the cryptocurrency market.
2. The U.S. Securities and Exchange Commission (SEC) has 70 applications under review for various crypto exchange-traded products, suggesting a positive outlook for the future of investing in cryptocurrency.
3. The fast liquidity recovery on Bybit, as confirmed by Kaiko, underscores the resilience of the cryptocurrency ecosystem, even in the face of major hacks.
4. The Promeeters program launch by ProMeet, a platform designed to increase influencer impact and long-term earnings, highlights the growing importance of digital influence in the cryptocurrency and finance industries.
5. The anticipation of a new Bitcoin all-time high this quarter by Standard Chartered Bank, combined with Analysts' predictions of fresh crypto rallies, suggests a promising future for investors in the cryptocurrency market.

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