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Summary ⚈ Sui (SUI) surged 8.36% after 21Shares filed for a spot ETF. ⚈ The token is up over 16% in the past week amid market optimism. ⚈ 21Shares also partnered with Sui to boost global institutional access. Sui (SUI), the native token of the Sui layer-1 blockchain, experienced a dramatic rally on May 1, surging 8.36% to its press time price of $3.70.  The latest move reinforced the already positive weekly performance, which ensured that the eleventh-largest cryptocurrency by market cap is up 16.32% over the last seven days of trading. While the upsurge coincided with the broader market rally that saw, for example, Bitcoin (BTC) hit $96,000 for the first time since the February correction, it can be directly linked to 21Shares’ latest filing with the Securities and Exchange Commission (SEC). SUI one-day price chart. Source: Finbold Why Sui is up today Specifically, the company specializing in cryptocurrency-based exchange-traded products (ETPs) ...

Cryptocurrency wallet MetaMask has announced the expansion of its fiat off-ramp services to support additional blockchain networks. The move aims to enhance the conversion of digital assets into traditional currency. The integration will add 10 blockchains, a development backed by a partnership with payments provider Transak, MetaMask said in a press statement shared with Finbold on February 26. Indeed, the latest upgrades mean users will no longer have to swap cryptocurrencies into Ethereum (ETH) before converting them to fiat currency. This process previously made transactions longer and users incurred more fees. Picks for you Animoca Brands joins the MultiversX network, pushes EGLD forward 1 hour ago This ‘highly accurate indicator’ set...

An information technology stock that has incredible potential took a step forward today. Indeed, Meta (META) has signed a new partnership deal that has its stock looking to make up ground in the ongoing AI arms race. The company is set to take on some of the biggest companies in the generative artificial intelligence field. The Mark Zuckerberg-headed platform announced it will partner with Reuters to integrate the news platform into an AI chatbot. The publication’s news content would be utilized within the AI tool through real-time integration. Moreover, the Meta AI is set to be a premiere offering across its host of social media platforms. Source: Slate Also Read: US Stocks: Meta May Report New Surge, Targets $627 In The Long Run Meta AI Gets New Partner as It Takes on Google, Microsoft Over the last year, AI has skyrocketed in popularity. The meteoric rise in usage stemmed from the arrival of OpenAIs ChatGPT. Moreover, it caused increased demand throughout nearly all sectors. Th...

Gauntlet terminates 4-year partnership with Aave due to DAO governance challenges. Gauntlet was Aave’s Risk Steward. Aave now faces the task of finding a new Risk Steward after Gauntlet withdraws. In an announcement made by Gauntlet co-founder John Morrow in an Aave forum post, Gauntlet, a prominent blockchain risk management firm, has terminated its four-year partnership with Aave, the leading decentralized lending platform managed by Aave Companies that recently rebranded into Avara.   Gauntlet’s decision, attributed to governance challenges within Aave’s decentralized autonomous organization (DAO), marks the end of a collaboration aimed at enhancing the safety and efficiency of the platform. DAO governance disputes Gauntlet’s role as a Risk Steward for Aave involved monitoring and analyzing protocol parameters to ensure the platform’s security. However, according to Gauntlet co-founder John Morrow, navigating the inco...

EDX, a crypto exchange backed by prominent financial institutions like Charles Schwab, Fidelity, and Citadel Securities, has reportedly severed its planned partner ship with Paxos and is now close to finalizing an agreement with Anchorage Digital. Last year, EDX had originally announced its collaboration with Paxos, a well-known blockchain firm headquartered in New York, renowned for issuing the Binance stablecoin BUSD. Under the proposed arrangement, Paxos would have acted as the custodian for the digital assets of EDX’s clients while also providing direct access to Paxos customers. However, according to Bloomberg sources, EDX has abandoned this plan in favor of a different custodial solution. You might also like: BCH gains 112% following EDX Markets listing Anchorage Digital, a San Francisco-based cryptocurrency custodian, is now the frontrunner to fill the role that Paxos once occupied. Anchorage Digital holds a bank charter from the Office of the Comptroller (OCC...