Binance Eyes Regulatory Developments as Cboe BZX Seeks First-Ever Spot SUI ETF Approval
In a significant move for the cryptocurrency market, Cboe BZX has formally applied to the US Securities and Exchange Commission (SEC) to list the first-ever spot ETF tied to the SUI token. The proposed Canary SUI ETF, submitted on April 8, 2025, would enable direct investments in SUI, incorporating staking rewards while excluding forks or airdrops. If approved, the ETF will be available for trading on the Cboe BZX exchange, marking a milestone for SUI and the broader crypto ETF landscape. This development comes amid growing interest in regulatory advancements and institutional adoption, with Binance and other major players closely monitoring the outcome. The application highlights the evolving maturity of crypto markets and could pave the way for further ETF approvals in the US.
Cboe BZX Seeks Approval to List First-Ever Spot SUI ETF in the US
Cboe BZX has submitted a formal application to the US Securities and Exchange Commission (SEC) to list the first US spot ETF linked to the SUI token. Submitted on April 8th, the ETF, named Canary SUI ETF, would allow direct investments in SUI and include staking income but exclude forks or airdrops. If approved, shares of the ETF will be made available to investors who trade on the Cboe BZX exchange.
Pakistan’s Bitcoin Mining Strategy with CZ’s Leadership
Pakistan plans to redirect surplus electricity to Bitcoin mining and AI data centers. The government has appointed Binance’s founder, Chanpeng Zhao (CZ), to its crypto council. This strategy aims to streamline energy use and strengthen Pakistan’s technological footprint. The Bitcoin mining strategy could drive the success of BTC Bull Token ($BTCBULL), a new meme coin that offers free BTC when it breaks a new record.
Bitcoin Inflows Surge into Binance Ahead of CPI Announcement
Bitcoin inflows into Binance have surged over the past two weeks, reflecting heightened investor activity amid macroeconomic uncertainties. According to an analysis by CryptoQuant, the Bitcoin reserve on Binance increased by 22,106 BTC from March 28 to April 9. CryptoQuant analysts speculated that the influx of Bitcoin could be linked to investor caution ahead of the US Consumer Price Index (CPI) report, which was due to be released on April 10. The uncertainty surrounding US economic indicators and tariff adjustments by President Donald Trump has added to the volatility. Some analysts view the large inflows as a precursor to a possible sell-off, with investors preparing for potential price fluctuations.
BPay Global Secures PSP License from Central Bank of Bahrain
BPay Global, a payment services provider under the Binance Group, has received its initial Payment Service Provider (PSP) license from the Central Bank of Bahrain (CBB). The license officially authorizes BPay Global to operate legally within the Kingdom of Bahrain and provide a suite of fiat payment services to Binance users globally. With this, users will have the option to open e-wallets and carry out fiat top-ups using debit or credit cards or bank transfers.
Bitcoin Inflows to Binance Spike Ahead of CPI
Bitcoin’s exchange reserves on Binance have witnessed a significant surge, rising by 22,106 BTC between March 28 and April 9, according to CryptoQuant. The reserves increased from 568,768 BTC to 590,874 BTC. This rising trend shows increased caution among investors due to macroeconomic risks before the upcoming Consumer Price Index (CPI) announcement.
