The innovation of SUI’s layer -1 block chain is spreading to a traditional stock market or at least a further stage for adoption. At first, NASDAQ is one of the three stock market indexes with S & P 500 and Dow Jones Industrial Average.
There are times when the Sui ETF is released.
21Shares, a famous password hedge fund that wants to list SUI ETFs through 19B-4 form, tries to switch SUI Crypto Trust from the SPOT market to an investment vehicle that tracks the price of SUI.
This means that the long -term Bloomberg Crypto analyst Eric Balchunas does not think that the approval of SUI ETF can occur at any time before the last quarter of 2025.
The SUI successfully sailed the mistake of the huge CETUS protocol hacking. A few days ago, the developer team confirmed that hacking was the result of the Cetus Math Library rather than a accidental vulnerability of network security violations or mobile programming languages.
Sui Network licks the wound after hacking cetus
CETUS responded to a $ 300 million hack, set a $ 6 million bounty to recover the plundered funds by detailed cyber criminals. Already, we have a hope to restore the CETUS protocol hack that deals with the rest of the SUI network by capturing a $ 160 million chain.
The CETUS team announced that in response to terrible hacking, “Cash & Token Treasuries” will be completely recovered, not the current chief stolen funds. The hacking solution includes a basic loan of the Sui Network Foundation, allowing 100% recovery.
SUI PRICE is now popping up in Green Bollinger Band (Boll), which represents the lowest layer in technology settings. At $ 3.56, the SUI Crypto is 26 cents than the intermediate bollinger band and is blue. Ultimately, Bulls cannot be responsible for Layer-1 altcoin until the $ 3.82 level is secured, but the biggest challenge is the basis of the Red-Label $ 4.17.
on the other way
- NASDAQ pitcher SUI ETF has come in just a week after a $ 300 million CETUS protocol hack that ratts the SUI’s Defi Ecosystem.
Why this is important
This kind of approval will be inaugurated in the encryption currency, as it is not yet Altcoin by NASDAQ except ether.
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