Bitwise's CIO says DeFi is “substantially undervalued” as utility tokens are poised to grow amid the U.S.'s crypto-friendly pivot.

According to an X post, on-chain analysts noticed that the $USDe ticker was bought on Hyperliquid some hours ago today, March 18, 2025. Now, the user is speculating that the ticker purchase suggests Ethena is going to deploy on the Hyperliquid L1 chain.

Sky Protocol is trying to flip Ethena as the more active DeFi app, with a higher supply of stablecoins. The recent market downturn is affecting DeFi, as protocols adapt with shifting earnings rates and lower stablecoin supply.

Cryptocurrency prices resumed their downward trend on Tuesday as market participants awaited the second Federal Reserve interest rate decision of the year. Pi Network (PI), the viral tap-to-earn token, was one of the worst performers, dropping by almost 13%.

Canary Capital has filed its sixth crypto ETF application with the SEC, proposing a spot Sui ETF that would directly hold Sui (SUI).

Canary Capital has submitted an S-1 filing with the SEC to launch the first spot ETF tracking the SUI token, marking a key development in the push for altcoin-backed investment products.

The crypto universe is taking a new step with the arrival of a potential SUI ETF. Indeed, Canary Capital has officially submitted a filing to the SEC to register the first exchange-traded fund related to Sui.

TL;DR Unified TradFi & DeFi Platform: Ethena and Securitize unveil Converge, a cutting-edge EVM-compatible Layer-1 blockchain that seamlessly integrates traditional finance with decentralized finance for tokenized assets and digital dollars. Dual Model for Diverse Users: Converge serves both retail investors with permissionless DeFi access and institutional players via regulated, permissioned applications.

Sui (SUI) price has been trapped in a correction mode since the beginning of 2025, and the selloff pace accelerated after the second inauguration of U.S. President Donald Trump. The large-cap altcoin, with a fully diluted valuation of about $22.

Ethena Labs published a report on Mirror detailing the information about the launch of its new upcoming blockchain, Converge.

Canary Capital filed with the SEC to create the first Sui cryptocurrency ETF, marking its sixth crypto ETF application amid regulatory optimism following Trump's election.

​​Ethena Labs and Securitize have officially unveiled Converge, an Ethereum Virtual Machine (EVM)-compatible Layer-1 (L1) blockchain. Designed to integrate traditional finance (TradFi) with decentralized finance (DeFi), Converge aims to serve as a settlement layer for digital dollars and tokenized assets.

SUI price surged by 100%, but fueled by Canary Capital's recent filing for a spot SUI ETF or by the upcoming FOMC meeting?

Canary Capital has filed its sixth proposed crypto exchange-traded fund (ETF) with US regulators, this time for one tracking the spot price of the crypto token Sui.In a March 17 Form S-1 filing to the Securities and Exchange Commission, the crypto investment firm requested to list the Canary SUI ETF, which didn't include information on what exchange it would trade on or the proposed ticker symbol. The ETF would directly hold Sui (SUI), the native token of the layer-1 blockchain used for fees and staking, which is the 23rd largest cryptocurrency with a market value of around $7.36 billion, per CoinGekco.

Canary Capital Group, a digital assets investment firm, said on Monday that it is seeking the green light from regulators to launch an exchange-traded fund tied to the spot price of Sui, a cryptocurrency associated with Sui Network, a blockchain service provider.

Canary Capital filed an S-1 registration form with the United States Securities and Exchange Commission (SEC) as part of its application to issue an SUI exchange-traded fund (ETF). Canary is a frequent crypto ETF applicant.

Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.

Ethena Labs and Securitize have announced the launch of Converge, a layer-1 blockchain focused on institutional capital flows and integrating tokenized assets with DeFi. According to Ethena Labs' March 17 announcement, the initiative aims to provide a purpose-built network for permissioned and permissionless financial applications.

Converge, expected to launch in Q2, is an Ethereum-compatible blockchain featuring native KYC and custody solutions.

Ethena Labs and Securitize have announced the incoming launch of Converge, a blockchain tailor-made for DeFi and tokenized assets. The incoming blockchain has a deep pool of partners angling to roll out offerings with parties eyeing a Q2 launch.

Canary Capital, a digital asset management firm, filed an application with the U.S. Securities and Exchange Commission (SEC) on March 17, 2025, to launch an exchange-traded fund (ETF) tracking the SUI token, the native cryptocurrency of the SUI blockchain.

Canary Capital has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch an SUI exchange-traded fund (ETF). This move follows a recent announcement by World Liberty Financial (WLFI), a crypto venture backed by Donald Trump and his sons, stating that it would add Sui assets to its token reserves.

Ethena Labs and Securitize have announced the launch of Converge, a blockchain designed to support decentralized finance and tokenized assets.

Canary Capital has added layer-1 blockchain token Sui to its list of potential ETFs.

Canary Capital's SUI ETF filing could pave the way for the first SUI ETF in the United States under an SEC that's more amiable to cryptocurrency and related investment products.

The Converge blockchain is Ethereum compatible and designed to bring DeFi to tokenized real world assets.

The move comes after World Liberty Financial said it would add Sui assets to its token reserve earlier this month.

Asset manager Canary Capital has filed the S-1 form for its SUI ETF with the US Securities and Exchange Commission (SEC). This comes just a week after the firm filed in Delaware to incorporate the fund.

Canary's S-1 filing for a Sui spot ETF could accelerate mainstream crypto adoption and influence regulatory perspectives on digital assets. The post Canary files S-1 for Sui spot ETF appeared first on Crypto Briefing.

Sui Network (SUI) has seen a remarkable growth, featuring as one of the best blockchain performers in the cryptocurrency market. Deemed the next Solana (SOL) or the Solana-killer, Sui now has a higher stablecoin market cap than five of its competitors combined, including Cardano (ADA), once called the Ethereum (ETH)-killer.

The crypto market remains volatile into the third week of March. Several key events this week in crypto could exacerbate this volatility, capturing the attention of traders, developers, and enthusiasts alike.

Here is how some of your favorite assets concluded the week.

Both SOL and SUI are up by over 6% on a daily scale.

Ethena's daily revenue has surpassed PancakeSwap and Jupiter, trailing only behind Tether and Circle. Following this achievement, ENA rose 4%.

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Parasol, a subsidiary of Mysten Labs and the platform that enables game developers to incorporate blockchain infrastructure into games, said in a Friday press release that CODE OF JOKER: EVOLUTIONS, the SEGA-licensed game by Jokers Incorporated, will be released on

Parasol, a gaming infrastructure startup and Mysten Labs subsidiary, confirms that SEGA-licensed CODE OF JOKER: EVOLUTIONS by Jokers Inc. is coming to Sui. The post Legacy Trading Card Game From SEGA Launches on Sui appeared first on Cryptonews.

BlackRock's tokenized U.S. Treasury fund, BUIDL, has surpassed $1 billion in assets under management following a $200 million allocation from Ethena. Data from RWA.

BlackRocks tokenized U.S. Treasury fund, BUIDL, has surpassed $1 billion in assets, driven by a $200 million allocation from crypto protocol Ethena, according to Securitize. Ethereum blockchain data from Arkham Intelligence confirmed a $200 million BUIDL minting at 18:47 UTC on Thursday.

BUIDL is a key building block for multiple yield-generating offerings as a reserve asset, and it's increasingly used as collateral on trading platforms.

The major layer 1 networks have all hit major support levels. If crypto is to recover, the likes of Ethereum (ETH), Solana (SOL) and Sui (SUI) will need to reverse their downtrends and rally, potentially into the backend of 2025.

Venly partners with Sui to simplify blockchain game development through wallet solutions, NFT and token APIs, and payment infrastructure, enhancing user experience and adoption.

Blockaid has announced a partnership with the Sui Foundation to enhance the Sui ecosystem's security. According to the announcement, Blockaid will add protection to Sui wallets and respond to smart contract exploits, offchain threats and operational faults on Sui.The Sui Foundation supports the growth of Sui, a layer-1 blockchain launched in May 2023 with the goal of creating a decentralized network that can manage a high volume of transactions with minimal delay.

SUI recent price recovery has reignited bullish sentiment, but its momentum is now being put to the test. After bouncing from key support levels, the price is facing strong resistance that could determine the next major move.

TL;DR MEXC Ventures invests $36 million in Ethena and its USDe stablecoin to accelerate the adoption of synthetic dollars within the DeFi ecosystem. USDe is a synthetic stablecoin that maintains its value through collateralizing other stablecoins and holding futures positions, differentiating itself from directly fiat-backed stablecoins.

The investment aims to boost stablecoin adoption and crypto accessibility.

Despite the market's terrible conditions over the last couple of weeks, Sui is still one of the industry darlings of this cycle. It seems like they can do no wrong and every partnership and growth announcement means real growth is happening.

Ahead of Wednesday's CPI data from the U.S. Bureau of Labor Statistics, the altcoin market – led by XRP, and Sui (SUI) – recorded mild gains.