Cryptocurrency Live News & Updates : Mill City Ventures Invests $450M in Sui
Mill City Ventures is allocating $450 million to acquire Sui (SUI) tokens, aiming to bridge traditional finance with blockchain technology, backed by notable firms like Galaxy and Pantera. In a significant move for the cryptocurrency landscape, Mill City Ventures has announced a $450 million investment strategy focused on acquiring Sui (SUI) tokens, positioning itself at the intersection of traditional finance and blockchain innovation. This initiative is supported by prominent investors such as Galaxy Digital and Pantera Capital. Meanwhile, Grove Finance is set to launch on Avalanche, deploying up to $250 million in real-world assets to enhance tokenization efforts on the platform. This partnership aims to facilitate the adoption of decentralized stablecoin USDS and attract institutional capital. Additionally, Brickken has integrated with Credefi to create a permissionless lending system utilizing real-world assets as collateral, further expanding the DeFi landscape. In the broader market, Solana's SOL token has seen a 28% increase, generating optimism among traders, although major players remain cautious. Lastly, Tron Inc. has filed a $1 billion shelf registration with the SEC, indicating its commitment to accumulating TRX tokens as part of its evolving corporate strategy. Together, these developments highlight a growing trend of institutional interest and innovative financial solutions within the cryptocurrency sector. Show more
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