Sui

Bitwise has filed an initial registration for an ETF tracking Sui, joining the race to launch with Canary Capital and 21Shares.

The SEC approved a 2x leveraged ETF tied to SUI as regulators warn that excessive leverage continues to amplify volatility across crypto markets.

Funding now targets infrastructure, stablecoins and payments as big bets fade and Bitcoin projects bootstrap.

Bitcoin fell below $116,000, but some analysts remain unfazed as they anticipate solid buying to emerge at lower levels.

Bitcoin’s brief pullback from its all-time high has not altered the bullish longer-term view, but bulls will have to swiftly push the price above $126,200 to retain the advantage.

Solid inflows into Bitcoin ETFs and a stellar start to the month drastically increase the chance for BTC to hit a new all-time high.

Sui enters the stablecoin race with a fully backed token and a synthetic dollar using delta-neutral hedging, as synthetic finance gains new traction.

Bitcoin’s volatility may rise after today’s FOMC, but it is unlikely to result in a new directional move, hinting at continued range-bound action for a few more days.