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Canary Capital Files S-1 For SUI ETF With US SEC

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Asset manager Canary Capital has filed the S-1 form for its SUI ETF with the US Securities and Exchange Commission (SEC). This comes just a week after the firm filed in Delaware to incorporate the fund.

Canary Capital Files For SUI ETF With US SEC

In an X post, Bloomberg analyst Eric Balchunas revealed that Canary Capital has just filed the S-1 form for its SUI ETF with the US SEC. This filing comes just after the asset manager filed to incorporate the fund in Delaware a week ago. This provides a bullish outlook for the SUI price, which is already eyeing a rally to as high as $7, which will mark a new ATH for the crypto.

Canary Capital becomes the first asset manager to file for a fund that will provide institutional investors access to SUI. Meanwhile, the firm already filed to offer an XRP, Hedera, and Solana ETFs. Last week, the asset manager filed an S-1 with the SEC to launch an ETF tracking Axelar’s AXL token.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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GT’s Comeback Journey Amid the Crypto Winter

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5 hours ago

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March 17, 2025

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Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

In the cryptocurrency market, volatility and uncertainty are the norm. Recently, the overall market has been on a downward trend. Bitcoin (BTC) dropped by 15% over the past 90 days, and among the top 100 tokens by market cap, only 17 achieved positive returns.

Amid this environment, GateToken (GT) defied the trend with a 65% surge, emerging as one of the few tokens to register significant growth. This phenomenon has drawn widespread market attention and offered a fresh perspective on the evolution of the crypto space.

GT’s performance isn’t an isolated case but rather the result of a confluence of factors. This article will provide an in-depth analysis of GT’s rise in the face of market adversity, examining its underlying technology, ecosystem, and market strategies, as well as comparing it to other mainstream exchange tokens to offer valuable insights for both investors and industry professionals.

Mainstream Assets Plunge: BTC Drops 15%

Against this overall market decline, GT has stood out. According to CoinMarketCap, GT surged by as much as 65% over the past 90 days, ranking among the top 10 tokens in the top 100 by market cap.

The data further highlights GT’s impressive performance over the past year. Its annual gain exceeded 300%, breaking through $17.699 in December 2024 with a 24-hour increase of 20.1%. In January 2025, GT hit a high of $25.960, and its total circulating market cap surpassed $2.5 billion. As of March 2025, GT’s price has been trading between $21.3 and $22.5, with a nearly 60-day gain of 11.44%, underscoring its robust market performance.

Navigating a Volatile Market: GT’s Resilience Stands Out

Market cycles of bull and bear trends are the norm in crypto, yet few assets manage to maintain stability amid such turbulence. Over the past year, GT has demonstrated remarkable resilience, a key characteristic of its market performance. This resilience is reflected not only in its price stability but also in its sustained trading activity and growing volume.

From a technical perspective, the GateChain network completed its v1.1.6 mainnet upgrade in August 2024. The new gas mechanism and burn strategy have laid the foundation for the ecosystem’s steady growth. The enhanced gas-burning mechanism further reduces the total supply of GT, increasing its scarcity and value potential. These technological innovations and optimizations create an efficient and reliable deflationary environment, providing strong technical support for GT’s long-term development.

On the market side, GT’s resilience is also driven by its extensive utility within the ecosystem. It plays a crucial role in trading fee discounts, VIP privileges, staking rewards, and on-chain governance, ensuring consistent market demand. These diverse applications enhance GT’s market value, allowing it to maintain strong trading activity and volume even amid market fluctuations.

Ecosystem Empowerment Fuels Global User Growth

The development of a robust ecosystem is a key indicator of a project’s future potential, and GT has excelled in this area. By rapidly launching innovative products and services, GT has accelerated user adoption and driven substantial growth. As of March 2025, Gate.io’s global user base has surpassed 21 million.

Moreover, by the fourth quarter of 2024, the Gate Web3 ecosystem had significantly enhanced its multi-chain support capabilities through continuous iterations, expanding to 199 public chains and adding over 54 million new addresses. As more applications and public chains integrate, GT is poised to play an increasingly vital role across the entire ecosystem.

Recent announcements indicate that GateChain plans to continually upgrade core functionalities, including DApp development, and expand its Web3 ecosystem to encompass wallets, trading, earn, NFTs, and meme tokens. This ongoing ecosystem empowerment is expected to significantly enhance GT’s value, attract more potential users, and provide richer application scenarios and investment opportunities.

Estimate Recovery: Robust Scarcity and Market Confidence

Beyond that, estimate recovery is a key indicator of a project’s market acceptance. GT’s performance in this area is also impressive. With an innovative and ongoing burn mechanism, the circulating supply of GT has steadily declined, markedly increasing its scarcity.

As the Utility Token and Gas Fee Payment Token on GateChain, GT underpins the network’s core transfer system. Since GateChain went live in 2019, GT has been continuously burned, reducing its total supply by approximately 60% from the initial 300 million tokens.

Recent data reveals that in Q4 2024, GT completed an on-chain burn, with 2,904,885.4321514 tokens destroyed, valued at over $63.9 million. To date, a total of 177 million GT tokens have been burned, positioning it as a leader in burn scale within the industry.

In terms of market capitalization, GT has seen significant improvements in both value and ranking over the past two years. In early 2024, GT’s market cap was under $1 billion; by March 2025, it had surged past $2.6 billion, securing a spot among the top 50 cryptocurrencies globally. Currently, GT boasts a market cap of $2.68 billion, ranking 46th.

GT Quietly Breaks Through Amid Fierce Battles with BNB and OKB

In the cryptocurrency market, GT faces intense competition from seasoned heavyweights such as BNB and OKB. A comparative analysis reveals GT’s survival strategies and development potential as it goes head-to-head with these industry leaders.

Focusing on Core Innovation, GT Has Cracked the Code

 GT’s success is largely due to its agile innovation strategy. By rapidly expanding into emerging markets and continuously launching new products and services that meet market demand, GT has swiftly seized market opportunities. This innovative approach not only enhances its competitive edge but also provides a valuable time window in its battle against established players.

In practice, GT’s innovation isn’t limited to technological advancements. It also lies in its sharp market insights and quick responsiveness. This ability enables GT to adapt rapidly to market changes, capture significant market share in a short period, and successfully establish its competitive advantage.

Leveraging Ecosystem Integration, BNB Focuses on Steady Growth

 In contrast, legacy players like BNB and OKB solidify their market positions through robust ecosystem integration. By forging close partnerships with multiple collaborators and platforms, BNB achieves synergistic growth across various sectors, thereby boosting its overall competitiveness.

Regarding token burn mechanisms, GT currently has a circulating supply of 96 million tokens and a burn rate of 58.06%. This represents the highest burn rate, lowest circulating supply, and most pronounced scarcity among its peers. Meanwhile, BNB employs a relatively conservative burn strategy; however, its market cap remains impressive, exceeding GT’s by more than tenfold and placing it in the fifth position.

Sticking to a Long-Term Vision, Exchange Tokens Thrive

The meteoric rise of GT in the cryptocurrency market is no accident. It’s the inevitable result of multiple converging factors. Its outperformance during market downturns can be attributed to robust resilience, efficient ecosystem empowerment, and ongoing estimate recovery. Through dynamic competition with established industry players, GT has broken through the market by leveraging agile innovation strategies and unique competitive advantages.

As the crypto market and Web3 ecosystem continue to expand, tokens such as BNB, OKB, and GT are poised to play increasingly significant roles, capturing greater market share and earning enhanced user trust. In the ever-evolving crypto landscape, exchange tokens have consistently been a promising avenue for industry growth. However, market uncertainty remains, and their future paths still face numerous challenges.

Disclaimer: The content herein does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please be noted that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement.

Disclaimer

This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.



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MUBARAK Coin Price Soars 22% Amid This Binance Announcement, What’s Next?

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6 hours ago

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March 17, 2025

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MUBARAK coin emerged as the latest hot buzz of the crypto sector, securing a prominent mark on traders’ and investors’ radars amid Binance founder CZ’s involvement in the meme coin. CZ recently hinted that he is Mubarak, a shilling cryptic move that sent shockwaves across the meme crypto industry. Now, with the crypto exchange titan itself revealing plans to launch a perpetual contract for the token, market sentiments over the crypto’s price prospects have turned highly bullish.

Notably, MUBARAK price is currently up 22% intraday in the wake of Changpeng Zhao spotlighting the token, further escorted by the CEX’s futures listing.

Mubarak Coin Gains Traction As It Secures Binance Listing

According to an official announcement dated March 17, Binance futures is launching a MUBARAKUSDT perpetual contract today at 13:30 UTC. The platform’s colossal user base remains primed to enjoy up to 25x leverage trading the new token.

This announcement by one of the top crypto exchanges ignited optimistic waves, paving the way for further investor interaction with the new asset. As market participants look to capitalize on emerging opportunities, a gush of money inflow into this meme token remains anticipated.

In turn, bullish market sentiments about MUBARAK coin’s price prevail across the broader market.

Is Binance’s CZ Mubarak?

CoinMarketCap’s data about this new token reveals that “CZ just subtly acknowledged that he’s Mubarak,” a cryptic move that sparked market discussions globally. On the other hand, a recent CoinGape report spotlights that CZ also bought $600 worth of the new meme coin, sparking a market frenzy.

When coupled with Binance’s futures listing, these developments add an extra layer of market optimism to the new token.

What’s More In The Listing Announcement?

Apart from enhanced trading support for MUBARAK coin, the crypto exchange behemoth unveiled Bubblemap’s (BMTUSDT) perpetual contract with up to 25x leverage. This announcement triggered 43% gains in the asset, reaching $0.1289, as indicated by the intraday trading chart.

MUBARAK Price Surges Over 20%

As of press time, MUBARAK price witnessed a 22% pump and exchanged hands at $0.09902. Notably, the coin hit an intraday peak of $0.1458, which was in sync with Binance’s announcement. Further, traders reacted positively to the abovementioned developments, as signaled by a 120% increase in the asset’s intraday trading volume to $165.45 million.

More Support From Binance?

Simultaneously, it’s noteworthy that in a previous announcement on Binance Alpha, the crypto exchange revealed support for the Mubarak coin. Binance Alpha is a platform featuring tokens that can be potentially considered for listings on the exchange moving ahead.

Overall, traders and investors anticipate potential gains in this newly launched token amid rising market demand and interest.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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The New Frontier of Altcoin Futures Trading: Gate.io’s Ecosystem Innovation.

Published

7 hours ago

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March 17, 2025

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Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

In the vast landscape of the cryptocurrency market, altcoin futures trading is emerging as a promising new frontier. As competition in major cryptocurrency markets intensifies, trading opportunities become increasingly constrained, bringing the potential of long-tail markets into focus. At the same time, the explosive growth of emerging altcoins is presenting traders with unprecedented opportunities and challenges.

However, this sector also faces several obstacles: limited trading channels, insufficient liquidity, and inefficiencies in accessing crucial market information. Against this backdrop, Gate.io has established itself as a leader in the altcoin futures trading ecosystem, leveraging its deep expertise and innovative strategies to provide traders with a comprehensive, efficient, and secure trading environment.

Core Market Demand and Pain Points: The Double-Edged Sword of Altcoin Trading

The appeal of altcoin Futures trading lies in its high volatility, which offers lucrative arbitrage opportunities. However, this same volatility also carries significant risks. While mainstream crypto markets are saturated with intense competition, squeezing traders’ profit margins, the long-tail market remains relatively untapped.

The explosive growth of new altcoins has attracted the attention of numerous investors, yet trading channels remain scarce, preventing many potential opportunities from being fully realized. Additionally, the sector is plagued by several persistent challenges:

First of all, altcoins typically have lower trading volumes and limited market depth, leading to higher slippage costs to traders when executing trades. Second, many exchanges in the market now offer a narrow range of altcoin futures products, lacking diversity in futures genres and flexible trading mechanisms, which restricts traders’ strategic options.

In addition, market information on altcoins is often fragmented, requiring traders to invest significant time and effort in research. Moreover, outdated or inaccurate information can further widen the gap between information access and execution efficiency.

Gate.io’s Ecosystem Innovation: A Breakthrough in Altcoin Futures Trading

Amid these market challenges, Gate.io has pioneered innovative solutions to establish itself as a game-changer in altcoin Futures trading. By offering a secure, efficient, and comprehensive trading platform, Gate.io addresses key pain points and fosters a dynamic ecosystem tailored to traders’ needs.

Product Innovation: Expanding Choices and Accelerating Market Response

Gate.io has made bold innovations in its altcoin perpetual futures offerings, providing one of the industry’s most extensive selections of perpetual futures. Whether for trending or newly emerging altcoins, traders can find corresponding perpetual products on Gate.io. This broad selection not only meets diverse trading demands but also increases opportunities for capturing market movements.

Gate.io has introduced a mechanism to simultaneously launch the futures for new coins, ensuring that newly listed altcoins have corresponding perpetual futures offerings at launch. This allows traders to engage in futures trading at the earliest opportunity, fulfilling their need for exposure to emerging markets. Moreover, this mechanism benefits projects by providing enhanced visibility and liquidity, creating a win-win scenario for the platform, traders, and token issuers.

Additionally, Gate.io implements a dynamic listing mechanism, swiftly introducing high-potential altcoin futures based on emerging market trends. This agile response ensures traders can participate in trending altcoin markets without delay, capturing short-term price change and market opportunities.

Liquidity Enhanced: Market-Maker Ecosystem and Efficient Matching

Liquidity constraints have long been a core issue in altcoin trading. To address this, Gate.io has developed an innovative liquidity solution through its Gate.io Market Maker Program (GMMC), fostering a robust market-maker ecosystem.

Eligible trading teams can apply to join the GMMC program, gaining access to competitive market-making fee rates as low as -0.015%, maker rebates on spot and USDT-margined perpetual futures, market-wide maker fee rates of -0.015% for BTC and ETH spot trading, a 400,000 USDT interest-free loan quota, exclusive 1-on-1 VIP client support and quarterly top market maker rewards, and even more rewards.

In addition to this incentive structure, Gate.io has optimized its order-matching system through advanced technology, enabling high-speed execution. This ensures that orders are matched efficiently with minimal latency, reducing slippage and enhancing the overall trading experience. During periods of rapid market fluctuations, this high-performance matching system prevents execution delays, ensuring traders capitalize on optimal entry and exit points.

Intelligent Risk Control: A Solid Foundation for Secure Trading

Risk management is crucial in altcoin futures trading. Gate.io has implemented a multi-layered risk control framework to provide traders with a secure and reliable trading environment.

The tiered liquidation mechanism is a more scientific and rational risk control method. When a user’s position faces liquidation risk, the platform liquidates the position in stages based on the user’s holdings and market conditions, rather than enforcing a full liquidation at once. This mechanism helps minimize user losses to a certain extent and prevents excessive liquidation caused by short-term market fluctuations.

Additionally, Gate.io has introduced a tiered margin rate mechanism, where the platform sets different margin rates according to the user’s position size. The core purpose of this design is to reduce users’ capital pressure and encourage them to manage their position sizes more reasonably.

For example, when a user holds a smaller position, the margin rate remains relatively low, allowing them to trade with less capital. As the position size increases, the margin rate rises accordingly to ensure sufficient risk coverage. Thus, the tiered margin rate mechanism not only meets users’ needs for flexible trading but also effectively controls trading risks, providing a safer and more reliable trading environment.

Empowering the Altcoin Trading Ecosystem with Gate.io’s Full Support

Launch-First Ecosystem Advantage: Deep Diving into Altcoin Trading

Gate.io was among the earliest platforms to establish a strong presence in the altcoin futures trading market. Leveraging its sharp market insight and forward-looking strategies, Gate.io has developed deep expertise and a competitive edge in this space.

Through years of dedicated expansion, Gate.io has built a unique advantage in technology, product offerings, and strategic partnerships with altcoin projects while laying a solid foundation for the platform’s consistent growth.

These collaborations enhance market exposure for token issuers while enriching Gate.io’s trading ecosystem with a broad range of perpetual futures products. By maintaining close partnerships with altcoin projects, Gate.io remains at the forefront of market trends, continuously refining its offerings to deliver superior trading experiences.

Value Empowerment Tools: Professional Research and Data Support

Gate.io has a dedicated research and investment team specializing in the analysis of altcoin markets, providing traders with insights into valuable assets and market trend forecasts.

The research team regularly publishes in-depth analysis reports on trending altcoins, evaluating them from multiple dimensions, including technology, fundamentals, and market sentiment. These professional market research reports help traders better understand the dynamics and trends of the altcoin market, enabling them to make more informed trading decisions.

At the same time, Gate.io leverages multi-dimensional on-chain data and sentiment monitoring to provide traders with comprehensive, real-time market information. On-chain data reflects key indicators such as small-cap trading activity, fund flows, and position distribution, while sentiment monitoring captures shifts in market sentiment and trending topics. By aggregating and analyzing these data sources, traders gain a more holistic understanding of market movements and can identify potential trading opportunities in a timely manner.

Additionally, Gate.io offers an extensive trading strategy knowledge base, built upon the collective experience and insights of the community. Traders can share their own strategies and experiences on the platform while also learning from the successes and failures of others. This community-driven strategy-sharing mechanism helps traders expand their perspectives and refine their trading skills.

More Earning Opportunities: Diverse Events and Cumulative Rewards

On the Futures Event page, Gate.io offers a wide range of promotional activities, along with new listing recommendations and real-time trending altcoin insights. Examples include: participating in new altcoin futures trading to share rewards, joining futures trading events to receive GT airdrops, and enrolling in the futures competition, where traders receive USDT rewards upon registration. These diverse promotional initiatives provide traders with lucrative opportunities to earn additional rewards.

Furthermore, traders can benefit from cumulative earnings by engaging in multiple campaigns simultaneously. For example, while trading new altcoin futures, traders can simultaneously register for the Futures Showdown and participate in trade-check-in events, unlocking multiple layers of incentives. This stacking effect of combined rewards not only enhances overall earnings but also deepens traders’ engagement with trending altcoin markets.

A New Era of Discovery Altcoin Value Discovery

Altcoin futures trading represents a frontier filled with both opportunities and challenges—akin to an untamed new continent awaiting exploration. With its cutting-edge ecosystem, Gate.io is redefining the rules of this space.

Through a comprehensive product suite, deep liquidity, intelligent risk management, and value-driven research tools, Gate.io empowers traders to fully execute their trading skills with a list of futures offerings, digging deep into the potential value of altcoins and achieving wealth growth. Start your altcoin futures trading journey with Gate.io today and unlock an exclusive beginner bonus!

Disclaimer: The content herein does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please be noted that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement.

Disclaimer

This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.



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