📢 Gate广场 #MBG任务挑战# 发帖赢大奖活动火热开启!
想要瓜分1,000枚MBG?现在就来参与,展示你的洞察与实操,成为MBG推广达人!
💰️ 本期将评选出20位优质发帖用户,每人可轻松获得50枚MBG!
如何参与:
1️⃣ 调研MBG项目
对MBG的基本面、社区治理、发展目标、代币经济模型等方面进行研究,分享你对项目的深度研究。
2️⃣ 参与并分享真实体验
参与MBG相关活动(包括CandyDrop、Launchpool或现货交易),并晒出你的参与截图、收益图或实用教程。可以是收益展示、简明易懂的新手攻略、小窍门,也可以是现货行情点位分析,内容详实优先。
3️⃣ 鼓励带新互动
如果你的帖子吸引到他人参与活动,或者有好友评论“已参与/已交易”,将大幅提升你的获奖概率!
MBG热门活动(帖文需附下列活动链接):
Gate第287期Launchpool:MBG — 质押ETH、MBG即可免费瓜分112,500 MBG,每小时领取奖励!参与攻略见公告:https://www.gate.com/announcements/article/46230
Gate CandyDrop第55期:CandyDrop x MBG — 通过首次交易、交易MBG、邀请好友注册交易即可分187,500 MBG!参与攻略见公告:https://www.gate.com/announcements
Canary’s SUI ETF Application Advances With SEC- Analyst Predicts All time High In August
The race to launch the SUI ETF just took a significant step forward, as the SEC officially moved Canary Capital’s spot SUI ETF application into its “institution of proceedings” phase. Traders are now eyeing what this could mean for SUI’s price momentum.
Advertisement Advertisement
Canary’s SUI ETF Moves Forward With SEC Review
The SUI Spot ETF has officially entered the approval process as the U.S. Securities and Exchange Commission (SEC) initiates proceedings on the application filed by Canary Funds. The start of a formal review that may ultimately result in the asset’s first-spot ETF makes this development a significant turning point for SUI.
Capital had initially filed for its SUI ETF back in March, submitting an S-1 form shortly after registering the fund in the state of Delaware. Though the SEC initially postponed its decision, the new move marks the application’s formal entry into the approval process.
Canary’s isn’t the only SUI ETF in play. Asset manager 21Shares also filed its proposal, describing the move as part of a strategy to broaden exchange-traded access to the Sui blockchain. The company announced a partnership with the Sui Network simultaneously, underscoring the growing institutional interest in the Layer-1 protocol.
It’s unclear if the SEC will approve either SUI ETF in the end, but the filings seem to have raised expectations. SUI may be preparing for a significant rally in the upcoming months, as institutional attention is concentrated and open interest is increasing.
Additionally, the SEC approved the Bitwise Crypto Index ETF, although it remains subject to an operational hold. That fund includes SUI alongside giants like Bitcoin, Ethereum, and XRP, adding to its bullish narrative
Advertisement Advertisement
Technical Indicators Turn Bullish for SUI
Market data indicate growing confidence in the potential approval of the SUI ETF. According to Glassnode, SUI’s open interest in futures markets has soared to a record $1.2 billion, making it the sixth largest crypto by futures OI, trailing only Bitcoin, Ethereum, Solana, XRP, and DOGE.
Source: GlassnodeAdding to its bullish momentum. Crypto expert Scient noted that SUI is forming a new base, hinting that it might consolidate briefly before aiming for fresh all-time highs in August.
Source: XCurrently trading around $3.95, SUI price remains well above its 200-day moving average of $2.73. The relative strength index (RSI) stands near 66, suggesting there’s still room for further gains before becoming technically overbought.
If SUI can decisively break the key $4.00 resistance zone, traders see the following targets around $4.20–$5. Should the SUI ETF secure approval and market sentiment remain bullish, projections of $5.5 to $6 aren’t off the table.
Advertisement
✓ Share:
