Schlagwort: crypto business

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Canary Capital files S-1 form for a Sui ETF with the SEC

  • Canary Capital’s Sui exchange-traded fund (ETF) has been acknowledged by the US Securities and Exchange Commission (SEC)
  • The crypto fund manager has filed several altcoin ETFs with the SEC, including Hedera, Litecoin, and XRP
  • The Sui ETF comes as the Trump-backed World Liberty Financial (WLFI) announced last week that it would be adding Sui assets to its token reserve

Canary Capital has filed an S-1 form with the US Securities and Exchange Commission (SEC) for a Sui exchange-traded fund (ETF) as institutional interest rises.

According to a blog from the Sui Foundation, the SEC has acknowledged the filing, which it noted was a “critical early step” in the approval of the ETF.

The March 17 Sui ETF filing is the latest from Canary Capital. A few crypto ETFs it’s already filed for with the SEC include Hedera, Litecoin, and XRP. The new filing follows a regulatory change within the agency after the re-election of US President Donald Trump last November.

Since then several organizations have filed S-1 and 19b-4 forms with the SEC to track and list crypto ETFs.

Joining WLFI

The Sui Foundation said: “The Sui ecosystem’s momentum is directly attributable to its technological edge, recently attracting a flurry of institutional builders and products, surpassing $70 billion in decentralized exchange (DEX) volume, and amassing over 67 million accounts. The Canary Capital ETF filing is the latest validation of this trajectory, as institutions continue to recognize the advantages of Sui’s technology.”

News of Canary Capital filing for a Sui ETF is also significant as the Trump-backed World Liberty Financial platform (WLFI) announced last week it would add Sui assets to its token reserve.

Evan Cheng, co-founder and CEO of Mysten Labs, the original contributor to Sui, said: “We believe that the combination of Sui’s technology and WLFI’s ambitions could help redefine how the world stores and uses assets.”

The move for a Sui ETF comes after the crypto fund manager filed a trust entity in the state of Delaware on March 6. The next step for Canary Capital is to file a 19b-4 form with the SEC.

The post Canary Capital files S-1 form for a Sui ETF with the SEC appeared first on CoinJournal.

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PLUME token jumps 20% as YZi Labs invests in Plume Network

  • Plume jumped 20% after YZi Labs announced an investment in Plume Network
  • The price of PLUME reached $0.18, not far from its all-time high of $0.21.
  • Plume has raised funds from Brevan Howard, Haun Ventures and Galaxy.

Plume Network’s native token PLUME soared 20% as YZi Labs, formerly Binance Labs, announced its investment in the layer 1 network.

PLUME rose sharply to hit intraday highs of $0.18, with this pushing bulls to near the all-time high of $0.2108. The altcoin reached this price level in January 2025.

Per CoinGecko data at the time of writing, bulls were just 15% off that peak.

YZi Labs invests in Plume Network

Plume Network is a crypto platform aiming to bridge traditional finance and decentralized finance.

Over the past several months, the project has attracted attention and investment. Largely, it’s been down to the project’s traction in the real world assets market. As it looks to bring RWA on-chain, Plume has attracted backing from Brevan Howard Digital, Haun Ventures and Galaxy.

YZi Labs is another venture capital heavyweight backing the Plume Network’s RWAfi initiative, according to an announcement.

The investment underscores Plume’s potential and sees Changpeng ‘CZ’ Zhao led YZi Labs continue its push into RWA, artificial intelligence and other sectors at the intersection of TradFi and DeFi.

In a comment on the investment, YZi Labs investment director Max Coniglio, said:

“At YZi Labs, we invest in projects that harness blockchain technology to create real-world impact, and Plume is a prime example—they are bringing real-world assets on-chain to unlock new capital, expand access, and drive adoption. By making RWAs as seamless as any other digital asset, Plume is bridging traditional finance and DeFi, paving the way for broader adoption.”

While today’s announcement did not disclose the financial terms of the investment, it adds to past funding moves aimed at boosting Plume’s growth. In October 2023, the project raised $10 million in a seed round led by VC firm Haun Ventures.

YZi participated in the financing deal.

On this latest collaboration, Plume Network’s chief executive officer and co-founder, Chris Yin, said:

“YZi Labs’ investment reinforces our vision of building a robust RWAfi ecosystem that drives institutional asset adoption while empowering crypto-native users.”

Who else backs Plume?

Plume has recently inked major collaborations with the likes of Superstate, Fireblocks, Aethir, BounceBit, Mercado Bitcoin and Moca Network.

As noted, YZi Labs, rebranded from Binance Labs earlier this year. The venture capital firm now operates as a family office, with Binance co-founders Changpeng Zhao and Yi He at the helm.

The firm’s investment in the RWAfi project suggests confidence in what it’s likely to achieve in the market.

Other projects that have received notable adoption include Ondo Finance and MANTRA.

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BTC, ETH struggle as crypto ETP outflows hit fifth consecutive week

  • Bitcoin and Ethereum traded at key levels amid $1.7 billion in crypto investment outflows for last week.
  • The negative flows have now stretched to five straight weeks, with outflows running for 17 straight days.
  • BTC traded just above $83k while ETH hovered near $1,900 as of writing.

Bitcoin and Ethereum prices continue to struggle amid a broader market downturn.

On Monday , March 17, 2025, both BTC and ETH traded just in the green at $83,417 and $1,907. The top two digital assets by market cap were up 1.1% and 1.5% respectively.

The outlook mirrored the broader crypto market, which has seen billions of dollars wiped off the market. Also trending has been the massive liquidations to hit cryptocurrencies since BTC flipped negative with price plummeting below $100k and then $90k.

Digital assets see outflows for fifth straight week

Per latest report on performance of digital asset investment products, bearish pressure remains as outflows mount. James Butterfill, head of research at crypto asset manager CoinShares, reported that the market recorded a fifth consecutive week of outflows last week.

Investors pulled over $1.7 billion from crypto exchange-traded products (ETPs) and other investment products for the week ending March 14. Overall, it extended the negative flows to a  five-week total of $6.4 billion.

“This also marks the 17th straight day of outflows, the longest negative streak since our records began in 2015,” Butterfill noted.

Despite the gloom, year-to-date inflows remain in positive territory at $912 million.

What analysts are however looking at is the sustained price correction. To many, this is likely to dent investor confidence, which is low after tariffs concerns and general jittery outlook across risk asset markets.

Already, negativity has slashed total assets under management by $48 billion to $133 billion.

Top two by market cap lead in outflows

Bitcoin’s weekly outflows reached $978 million, pushing its five-week total to a staggering exit of $5.4 billion. Interestingly, investors have also been unwinding short-bitcoin positions.

Last week, a total of $3.6 million in short BTC positions left exchange-traded funds and other digital asset products.

In a comment on what may be next for BTC and other assets, analysts at QCP Capital noted:

“BTC is holding strong, but will macro headwinds take control? Watch for US Retail Sales data & Fed commentary this week—they could set the tone for the next big move.”

The trend has also been downward for Ethereum – both in terms of market price and investment products AUM. In the past week, concerned investors pulled $175 million from ETH products, which coincides with a 7.7% downturn in seven days. Ether price is down by more than 30% in the past month.

As well as ETH, Solana registered notable outflows of $2.2 million. However, XRP defied the trend with $1.8 million in inflows.

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Bounce Token (AUCTION) spikes 36% to lead top gainers

  • Bounce Token soared more than 36% on Sunday, gaining to an intraday high of $36.17.
  • Analysts predict a breakout for AUCTION price.

Bounce Token (AUCTION) has surged by an impressive 36% over the past 24 hours, emerging as among top gainers in the 500 largest coins by market cap. Only Ancient8 (AB) with a staggering 109% in 24 hours and BinaryX (BNX) with 40% as surged by more.

Notably, this price spike comes as most altcoins look to hold onto gains as Bitcoin hovers near $84k.

Bounce Token price recap: A 36% surge in 24 hours

According to CoinMarketCap data on March 16, 2025, Bounce Token (AUCTION) climbed 36% to reach an intraday high of $36.17. While the altcoin, native to the decentralised auction platform, remains about 49% from it’s all-time high of $70.56, it has seen significant gains in recent weeks.

Bounce Token price chart by CoinMarketCap

Per CoinMarketCap, AUCTION price has jumped by about 107% over the past seven days and 204% in the past month. These gains have pushed Bounce Token’s market capitalization to around $232 million.

Meanwhile, trading volume has also skyrocketed, up 230% in 24 hours to hover at $590 million at the time of writing.

Why is the AUCTION price up today?

Bounce Token’s price rally builds on AUCTION’s longer-term momentum. Part of this has to do with the growth in the ecosystem and new project launches.

One of these is Auction Intelligence, an artificial intelligence (AI) agent launchpad by Bounce Finance, which went live on the BNB Chain.

Although the market is largely negative, Bounce Token bucks the trend with notable impetus from its traction in the DeFi space. There’s also huge anticipation around real-world collectibles.

As noted above, an innovative auction mechanism and adoption are key to the current upward trajectory.

Can AUCTION bounce to a new ATH?

If the bulls hold key support levels, such as the $30, its possible they could target the $60 mark seen in November 2021. From here, with supportive market conditions, it would be a new ATH for buyers.

Crypto insights provider Crypto Sat shared an outlook for AUCTION price on March 12.

 

On the flipside, profit taking deals could allow bears to target $20 and then $10 – previous demand reload zones.

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LIBRA creator Hayden Davis linked to WOLF token

  • Hayden Davis, the alleged architect of the LIBRA and MELANIA meme coins, is back in the spotlight with the launch of a new token called WOLF.
  • This move comes despite Davis being named in an Interpol notice, raising fresh concerns about his activities in the volatile world of digital currencies.

Bubblemaps, Coffeezilla link Hayden to WOLF token

According to a new report from blockchain analytics firm Bubblemaps, Davis is once again at the center of a questionable crypto venture—one that echoes the dramatic rise and fall of his previous projects.

The investigation, conducted in partnership with popular YouTube investigator Coffeezilla (real name Stephen Findeisen), uncovered compelling evidence linking Davis to WOLF.

WOLF, which appeared to capitalize on the fame of Jordan Belfort—the former stockbroker who inspired Martin Scorsese’s ‘The Wolf of Wall Street’—initially surged in popularity. A WallStreetBets social media account heavily promoted the new token on March 8, with WOLF hitting a staggering $40 million market cap. That’s before it crashed in what many see as yet another “rug pull” scam.

Bubblemaps’ on-chain analysis painted a damning picture.

The firm found that 82% of WOLF’s supply was held in a single bundle—a telltale sign of manipulation common in fraudulent token launches. Digging deeper, investigators traced a complex web of transactions across 17 addresses and five cross-chain transfers, all pointing back to a single wallet: OxcEAe, identified as belonging to Davis.

“We exposed Hayden Davis as the mind behind LIBRA, MELANIA, and other tokens. We thought his days of launching tokens were over. But we were wrong,” the Bubblemaps wrote on X.

Coffeezilla, known for his deep dives into crypto controversies, has been a key voice in bringing Davis’s alleged schemes to light, amplifying the findings to his large online audience.

LIBRA launch and Hayden’s controversy

His involvement with the LIBRA meme coin drew international attention after an endorsement from Argentine figure Javier Milei sent its market cap soaring to over $4.5 billion.

But the euphoria was short-lived—LIBRA plummeted by more than 99% to just $18 million, with blockchain analysts later revealing that insiders, including Davis, had dumped massive holdings at the peak. That collapse prompted Argentine prosecutor Gregorio Dalbón to push for an Interpol “Red Notice,” arguing that Davis’s wealth could help him flee justice.

Interpol’s notice makes Hayden a globally wanted man.

The launch of WOLF has only fueled the fire. Critics see it as a bold—if reckless—move by Davis to double down on his playbook of hype-driven tokens and swift exits.

For now, the crypto community is left picking up the pieces of yet another crashed coin, while authorities weigh their next steps. Whether Davis can outrun the long arm of the law remains to be seen, but one thing is clear: his name is becoming synonymous with the wildest excesses of the crypto world.

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