Announcements Gate Research: US SEC Delays SUI ETF Application Decision｜Falcon Stablecoin Supply Surpasses $500 Million

Gate Research: US SEC Delays SUI ETF Application Decision｜Falcon Stablecoin Supply Surpasses $500 Million

2025-06-05 08:03:24 UTC 63086 Read

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Gate Research Institute Weekly Report: This week, BTC continued its high-level consolidation, failing to break through the $111,000 resistance multiple times; ETH remained relatively resilient but failed to achieve a trend-breaking move; the SEC delayed the approval decision for the SUI ETF application, while Falcon Finance's stablecoin supply exceeded $500 million; Circle successfully went public with a valuation of $6.9 billion; Treasure Global launched a $100 million digital asset reserve plan.

- Market Commentary: BTC continued its high-level consolidation, failing to break through the $111,000 resistance multiple times, showing clear signs of range-bound trading at high levels. ETH remained relatively resilient, attempting to break through $2,700 multiple times but facing pressure and pulling back each time. The ETH/BTC exchange rate fluctuated slightly, hovering around 0.025, with ETH's market share maintaining at approximately 9.4%.
- This Week in Focus: The SEC delayed the approval decision for the Canary SUI spot ETF application, indicating a complex approval process; the Ethereum Foundation announced its financial policy, planning to reduce operational expenses to a 5% long-term benchmark over five years; Circle priced its IPO at $31 per share, achieving a valuation of $6.9 billion.
- Key Data Highlights: Falcon Finance's stablecoin supply surpassed $500 million, with its synthetic USD (USDf) total supply exceeding $529 million; publicly-listed company Treasure Global launched a $100 million digital asset reserve plan; Pump.fun, despite over 60% of its users suffering losses, is planning to raise $1 billion to reach a unicorn valuation.
- Market Opportunities: This week, keep an eye on the new project on Gate Launchpool, Sophon Network. Sophon Network is a high-performance Layer 2 blockchain platform built on ZK Stack technology, focusing on creating an efficient and user-friendly ecosystem for entertainment applications. Its native token SOPH has multiple functions, including facilitating transactions, decentralization, security, and ecosystem development.
- Next Week to Watch: Next week, the market will see significant token unlocks involving APT, STRK, and IMX. APT will unlock tokens worth approximately $56 million over the next 7 days; STRK will unlock tokens worth around $17 million; IMX will unlock tokens worth about $13.52 million.

Explore this week's details → <a href="https://www.gate.com/learn/articles/gate-research-us-sec-delays-sui-etf-application-decision-falcon-stablecoin-supply-surpasses-500-million/9368" target="_blank">Gate Research : US SEC Delays SUI ETF Application Decision｜Falcon Stablecoin Supply Surpasses $500 Million</a>

<a href="https://www.gate.com/learn/category/research" target="_blank">Gate Research</a> is a comprehensive blockchain and cryptocurrency research platform, providing readers with in-depth content including technical analysis, market insights, market reviews, industry research, trend predictions, and macroeconomic policy analysis.

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Jun 5th, 2025
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Gate Research: US SEC Delays SUI ETF Application Decision｜Falcon Stablecoin Supply Surpasses $500 Million

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