Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

First-Ever Bitcoin Mining ETF Is Live – Will Meme Coins Like Best Wallet Soar?

Grayscale, a popular crypto asset manager, launched a new ETF that offers exposure to Bitcoin mining, known as Grayscale Bitcoin Miners ETF (MNRS) . This is the world’s first such ETF, offering an alternative to investors who are looking for alternatives to direct investments in BTC. This ETF will invest in companies from the Indxx Bitcoin Miners Index. This index tracks the performance of companies that earn a major chunk of their revenue from Bitcoin mining activities. However, MNRS will make no investments through derivatives. Grayscale said that Bitcoin Miners are the backbone of the ever-growing Bitcoin community and a key component for Bitcoin adoption and usage. ‘Grayscale Bitcoin Miners ETF offers investors targeted exposure to Bitcoin miners and the global Bitcoin mining industry in a passively managed, rules-based, and index-tracked fund designed to evolve with the industry.’ – Grayscale. This launch has also come at a time when the Bitcoin mining industry hasn’t been doing that great. Most of the known firms recorded losses in 2024, despite Bitcoin surging 113%. Grayscale might have seen an opportunity here, especially after the appointment of pro-crypto POTUS Donald Trump. Whether Grayscale believes the mining industry charts have bottomed out is hard to say. However, the launch of MNRS is a positive sign in that direction. With Bitcoin looking promising to make new highs in the coming months, the whole crypto community is set to benefit, especially the meme coin segment. If you’re looking to take advantage of the upcoming bull run, we’ve got something perfect for you: Best Wallet Token ($BEST) . What is $BEST? $BEST is the native token of the Best Wallet App – a non-custodial decentralized crypto wallet that lets you manage your crypto portfolio on 60+ chains in one place. The Best Wallet App has been growing every minute since its launch, with over 250,000 monthly active users and 500,000 total users. The good news keeps coming as the app’s installation numbers are growing at a massive rate of 96.3% month-on-month, with an overall growth rate of 658% since its launch in November 2024. The $BEST token gives you access to some handy and exclusive features within the Best Wallet App – including a built-in card for everyday spending. For instance, you can get early insights into meme coins before their official claim dates and priority access to the best new cryptos with the potential to explode before they’re launched for the general public. The $BEST presale has been a mammoth hit so far. It went on to raise $1M within the first 14 days of its launch. Available at a price of just $0.0238 per token, the project has already raised over $8.7M. However, take note that the buying price is expected to increase in less than 24 hours, so you won’t get a chance to buy $BEST for this price again. Why Can $BEST Be the Next 100x Meme Coin? The developer team at Best Wallet has some ambitious plans for the project, and we’re here for it! For instance, Best Wallet aims to capture 40% of the crypto wallet market by 2026. The industry, by the way, is worth more than $10B. A major chunk of 40% would translate into an intrinsic valuation of a massive $4B. The app is also working towards the integration of Solana ($SOL) and the launch of Best Card for seamless crypto payments. This could add further fuel to its potential uptick. Check out $BEST’s litepaper and its X feed for more information. One of the best things is that users don’t need to comply with a tedious KYC process to get started with Best Wallet. At the same time, each token offered for presale on the app is vetted by their internal team, so you don’t have to worry about running into scam websites or tokens. Best Wallet is also ranked 4th in the crypto industry when it comes to wallet fundraising. It’s worth not losing sight of the fact that it’s the $BEST token that will ultimately benefit from the success of Best Wallet App. All things considered, including the fact that $BEST is backed by ace investors, the idea that it can be the next 100x meme coin isn’t as far-fetched as one might have originally thought. If you wish to invest in a revolutionary crypto wallet’s success, all you have to do is head over to Best Wallet Token’s official presale page . Alternatively, you can also buy $BEST directly from the Best Wallet App . However, since the crypto landscape is pretty unpredictable, we recommend you do your own research before putting your hard-earned money into any asset. Also, this article is not intended to be financial advice, and it can be a wise move to reach out to a professional for financial guidance before making a move in the markets. U.Today

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Sui Network to unlock millions of SUI this week – Should you be worried?

The Sui Network ( SUI ) will unlock over $250 million worth of its native token on February 1. This is part of Sui tokenomics and monthly unlock schedule that inflates SUI’s circulating supply and dilutes investors’ holdings. Finbold has been monitoring and reporting Sui cliff unlocks according to data from Tokenomist . For example, December 1 saw Sui’s largest unlock in U.S. dollar value of 2024, unlocking $224 million worth of 64.19 million tokens. January 2025 had an even larger unlock nominal value for the same amount, valued at $274 million, as reported . The phenomenon is set to repeat tomorrow, on Saturday, if SUI continues trading close to its current level. Indeed, the usual 64.2 million SUI unlock currently holds a nominal value of $269.62 million. This will artificially increase Sui’s circulating supply and market capitalization by 2.1% after the token unlock. Interestingly, there are still 1.77 billion SUI locked in vested contracts with a scheduled unlock. Over 5.22 billion of locked SUI tokens are not yet scheduled, classified as “TBD locked” by Tokenomist . Sui Network (SUI) Total Unlock Progress and Unlock Events. Source: Tokenomist / Finbold Over $500 million of token unlocks next week Overall, “Cliff Unlocks” data from Tokenomist also shows that $539.16 million will be unlocked by 40 cryptocurrency projects in the next seven days. Other projects with significant unlocks are XDC Network ( XDC ) and Ethena ( ENA ), with $93.43 million and $39.09 million, respectively. Yet, SUI still represents the largest share, unlocking nearly 50% of all upcoming cliff events for the next week on Tokenomist . However, Ripple’s XRP leads, as usual, the largest monthly unlocks in USD value of the entire market, unlocking over $3 billion in XRP on the same day as Sui. Cliff Unlocks Next seven days. Source: Tokenomist / Finbold SUI tokenomics and market effects Sui Series A and B investors receive the most, getting over 19 million SUI each, for 61% of the total. Mysten Labs gets the remaining 25.03 million, reserving 12.63 million for the community, 10.34 million for early contributors, and 2.07 million for its treasury. So far, the Sui Network has already unlocked 3 billion (30%) of its maximum capped supply of 10 billion SUI. At $4.20 per token, the “ Solana-killer ” has a fully diluted value (FDV) of $42 billion. This would put SUI, currently with a $12.6 billion capitalization, between Dogecoin ( DOGE ) and Cardano ( ADA ), each with a $49.9 billion and $34.9 billion market cap, respectively. Market cap from DOGE, ADA, and SUI. Source: Finbold Notably, each time the network unlocks more tokens, it increases the potential selling pressure and artificially inflates the market cap. An increasing supply requires a similar, or better, increased demand to sustain its prices, according to the laws of economics. On that note, Adeniyi Abiodun revealed that the world’s “largest consumer platform” is coming to Sui Network this year . On a cautionary perspective, Sui has a unique tokenomics, which allows Mysten Labs and Series A/B investors to stake their locked tokens. These positions generate asymmetric liquid rewards against other staking investors, allowing these entities to sell these rewards or compound their staking positions over time. Featured image from Shutterstock. The post Sui Network to unlock millions of SUI this week – Should you be worried? appeared first on Finbold . U.Today