Oh great, SUI’s back in the spotlight because Canary finally bothered to file another ETF update. Meanwhile, SUIG thinks building a “bank” on a blockchain is a good idea. Let me try to parse this…
- SUI’s price dropped to $0.55 last month-because apparently, $0.55 is the new “floor” for crypto. Now it’s up to $2.65, but it’s still stuck below that magical trendline that used to be a support but now just taunts it like a bully.
- SUIG plans to launch a “SUI Bank” and reinvest 90% of its revenue into the ecosystem. Because nothing says “sustainability” like leaving 10% on the table for, I don’t know, actual profits? 🤷
Canary Funds submitted an updated ETF registration to the SEC. Big surprise: it’s mostly administrative nonsense-new address, new ticker symbol on Cboe, same old same old. Still no real reason to believe this thing will actually launch, but hey, at least they’re coordinating with the exchange! What a shocking display of competence. 🙄
$SUI ETF IS COMING SOON! 🚨
Canary Funds just updated its S-1/A for the Spot SUI ETF with the SEC. Confirmed that the Spot SUI ETF now includes an assigned ticker symbol on the @Cboe exchange!
Lik, RT and ready for the next chapter 🚀#Sui #SuiNetwork #SEC
– Sui Community💧 (@Community_Sui) October 20, 2025
These updates are about as exciting as a tax audit, but they do suggest Canary’s “actively coordinating” with the exchange. Which means the SEC might finally notice this thing exists. Or it could all just dissolve into a cloud of paperwork and legal jargon. Either way, I’d bet on the cloud. ☁️
SUI Price: A Rollercoaster That Only Goes Downhill
The renewed “optimism” around the ETF has done exactly zero to fix SUI’s price. On October 10, it plummeted to $0.55 because global trade tensions hate everyone. Then it tried to rally back to $3-only to crash again, proving that hope is a dangerous game. Now it’s hovering near $2.65, which is basically crypto’s version of limbo. Good luck climbing out of that.
SUIG’s “Bank”: A Masterclass in Overpromising
SUIG’s co-founder, Stephen Mackintosh, recently told Crypto Banter they want to become the “SUI Bank.” Because nothing says “financial stability” like building a bank on a blockchain that’s still figuring out how to scale. They’ve also partnered with Ethena to launch stablecoins-because nothing’s more trustworthy than a stablecoin from a company that can’t keep its price above $1. And get this: 90% of their revenue will go back into the ecosystem. Generous, right? Too bad the other 10% will probably vanish into a black hole of corporate greed. 💸
“We have one ambition – to become the $SUI Bank.”
SUIG isn’t just bullish on the SUI blockchain – they’re building a crypto bank around it.
A public company that builds a balance sheet, drives returns, provides liquidity, and fuels on-chain innovation.They’ve already partnered…
– Crypto Banter (@crypto_banter) October 17, 2025
With SUIG’s “vision” and Canary’s ETF “progress,” SUI’s future looks as bright as a screensaver from 1999. But hey, at least it’s entertaining. 🎬
Read More
- Gold Rate Forecast
- TikToker Dancingmoto suffers life-threatening injuries after viral police chase crash
- Wizards Beyond Waverly Place Season 2 Episode 6 Release Date, Time, Where to Watch
- Marvel Zombies Loses #1 Streaming Spot, Beaten Out By Disney’s Biggest Flop of 2025
- Brent Oil Forecast
- Gen V Recap: You Are the Danger
- X-Men ’97 Season 2 Confirmed to Include 5 ‘Avengers: Doomsday’ Heroes
- How to Get XP in EA FC 26 Ultimate Team
- Peacemaker’s Salvation Planet Twist Confirmed by James Gunn To Be ‘Incredibly Important’ to DCU Future
- How Many Episodes Are in Splinter Cell: Deathwatch & When Do They Come Out?
2025-10-20 13:51