- News on the Blockchain
- Posts
- Sui Partners with Franklin Templeton Digital Assets
Sui Partners with Franklin Templeton Digital Assets
News on the Blockchain
November 23, 2024
In partnership with
FROM OUR FRIENDS @ FINANCE BUZZ
Pay No Interest Until Nearly 2027 AND Earn 5% Cash Back
Some credit cards can help you get out of debt faster with a 0% intro APR on balance transfers. Transfer your balance, pay it down interest-free, and save money. FinanceBuzz reviewed top cards and found the best options—one even offers 0% APR into 2027 + 5% cash back!
🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 762
Market Cap: $3.35T (+1.33%)
24h Volume: $222.49B (-7.71%)
Bitcoin Dominance: 58.3% (-1.24%)
Ethereum Dominance: 12.0%
ETH Gas Price: N/A
Fear & Greed Index: 87 (Extreme Greed)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $98,577.90 | 0.89% | $1.95T | $70.09B |
Ethereum (ETH) | $3,342.15 | -1.17% | $402.49B | $34.79B |
Tether (USDT) | $1.00 | -0.01% | $132.26B | $175.87B |
BNB (BNB) | $663.67 | +5.24% | $95.58B | $2.69B |
Solana (SOL) | $258.66 | -0.71% | $122.78B | $6.68B |
💹 Market Highlights:
Total DeFi Volume: $14.07B (6.32% of total market volume)
Stablecoins Volume: $198.61B (89.27% of total market volume)
Coin with Highest % Change: EVAN (+347.27%)
📈 Preview On Today’s News:
- Sui Partners with Franklin Templeton Digital Assets
- SEC Commissioner Jaime Lizárraga to Resign, Impacting Crypto Regulation
- Ethereum Spot ETF Inflows Rebound with Institutional Support
Keep reading for more!
Today’s News:
1)
Sui Partners with Franklin Templeton Digital Assets
Sui has entered a strategic partnership with Franklin Templeton Digital Assets, a major $1.5 trillion asset manager, to support the Sui ecosystem and deploy advanced technologies using the Sui blockchain. This collaboration highlights Sui's growth, especially in decentralized finance (DeFi), with a significant increase in total value locked (TVL) and DeFi volume since the Mainnet launch in May 2023. Franklin Templeton, a key player in the digital asset industry since 2018, is investing in Sui's technology to support future blockchain developments.
Sui partners with Franklin Templeton Digital Assets to enhance the ecosystem and leverage blockchain technology for DeFi growth.
Sui's DeFi sector sees rapid growth with a 675% increase in TVL and 956% rise in DeFi volume since its Mainnet launch in 2023.
2)
SEC Commissioner Jaime Lizárraga to Resign, Impacting Crypto Regulation
SEC Commissioner Jaime Lizárraga has announced his resignation, effective January 17, 2024, to focus on family matters as his wife battles breast cancer. This departure, alongside SEC Chair Gary Gensler's upcoming exit, leaves the commission with just one Democrat, Caroline Crenshaw, who will need support from Republicans to pass new regulations. Lizárraga's decision marks a blow to the SEC's strict regulatory stance on cryptocurrency, which has faced criticism from the crypto industry. His departure is seen by many as a win for the sector, especially following the approval of Spot Bitcoin ETFs, which have contributed to Bitcoin's price surge.
SEC Commissioner Jaime Lizárraga will resign on January 17, 2024, to spend time with his family as his wife fights breast cancer.
His resignation, along with SEC Chair Gary Gensler's exit, weakens the SEC's influence over crypto regulation, which has been contentious in recent years.
3)
Ethereum Spot ETF Inflows Rebound with Institutional Support
Ethereum Spot ETF inflows surged to $91.2M on November 22, following six consecutive days of outflows, signaling growing investor confidence in Ethereum as a digital asset. This rebound was largely driven by significant contributions from BlackRock’s ETHA ETF, which saw a $99.67M inflow. These movements reflect Ethereum’s increasing adoption as a mainstream investment product, particularly among institutional investors, as more people turn to regulated blockchain-linked assets.
Ethereum Spot ETF inflows hit $91.2M after six days of outflows, with BlackRock’s ETHA ETF contributing $99.67M on November 22.
The surge in inflows showcases Ethereum's growing popularity and mainstream adoption, especially in institutional portfolios.
