Axl Inu narxAXL

Currently, Sui ranks as the 23rd largest cryptocurrency, boasting a market capitalization of approximately $7.36 billion. It is trading at $2.31, marking a 1.3% daily gain and a 7.3% increase over the past week, though it remains down 56.5% from its all-time high of $5.35 in early January. Before the SEC considers listing the ETF for trading, Canary must also file a Form 19b-4, a regulatory requirement for ETFs seeking approval. This latest submission follows the firm’s earlier filings for ETFs tied to Solana (SOL), Litecoin (LTC), XRP (XRP), Hedera (HBAR), and Axelar (AXL). The move comes just weeks after Sui announced a partnership with World Liberty Financial, the crypto platform backed by former U.S. President Donald Trump. As part of the collaboration, World Liberty included Sui in its “Macro Strategy” token reserve and is exploring additional opportunities within the ecosystem. Trump has pledged to ease regulatory pressures on crypto, fueling optimism that the SEC under his administration may be more open to approving crypto ETFs. However, the agency has so far delayed decisions on multiple pending applications. SEC Commissioner Hester Peirce recently indicated that the regulator would wait until the Senate confirms Trump’s SEC Chair nominee, Paul Atkins, before finalizing a regulatory approach for crypto-related financial products. The confirmation hearing for Atkins, initially delayed due to financial disclosure issues, is reportedly set for March 27.

Axelar Foundation discloses $30 million in AXL token sales as it expands interoperability protocol

Axelar Foundation $AXL raises $30M to expand interoperability The Axelar Foundation has raised $30 million through AXL token sales, with backing from Arrington Capital, Electric Capital and others. Some tokens came from community program allocations and are subject to six to 12-month lockups. The funds will help expand stablecoin access and support institutional tokenization of real-world assets (RWAs). Axelar, an interoperability protocol competing with Wormhole and LayerZero, aims to connect institutional private blockchains while maintaining a permissionless, non-custodial and open-source framework, The Block reported.

EXCLUSIVE: Axelar Foundation discloses $30 million in AXL token sales as it expands interoperability protocol

Axelar Foundation announces a strategic AXL token sale worth $30 million, with Arrington Capital, Distributed Global, Electric Capital and others participating in the purchase. Axelar Foundation is not the only seller in this transaction.