Canary Capital has filed to establish a Delaware trust for its proposed Canary SUI ETF, indicating a potential SEC filing. This follows World Liberty Financial’s partnership with the Sui blockchain and plans to add SUI to its Macro Strategy reserve. SUI surged over 10% to $3 after the announcement. Canary filed an S-1 for its AXL ETF, aiming to be the first US asset manager to launch a Sui-based ETF.

The Indian Income Tax Department now has permission to monitor your digital footprint—social media, emails, and crypto holdings—from April 2026. Under a new proposed Income Tax Bill, authorities will target traders trying to bypass a 30% crypto tax by using foreign or decentralized exchanges. With expanded access to your digital data, including passwords, tax officials are on the hunt for hidden assets.

Despite U.S. President Trump’s strategic Bitcoin reserve announcement, market sentiment turned negative. Bitcoin price retraced to a $84K low intraday, dragging ETH, SOL, and XRP down by 1-6%. Meme coins traded in the red. Overall, the global market cap dropped nearly 4% to $2.88 trillion amid heavy liquidations and declining futures interest. Traders await clarity at the White House crypto summit as volatility remains high.

Bitcoin dropped 5.7% in under an hour on Thursday as investors reacted to President Trump’s executive order establishing a Strategic Bitcoin Reserve using seized assets. The move reversed a recent rally above $92,000, with traders taking profits and reassessing the market impact of the new crypto policy. This sell-off raises regulatory concerns.

US President Donald Trump signed an executive order to create a government Bitcoin reserve, marking a seismic shift in crypto policy. The reserve, intended to serve like traditional gold reserves, could stabilize national finances and clarify regulations. Critics warn the move may conflict with Bitcoin’s decentralized nature. With growing institutional interest in digital assets, market participants will closely monitor its impact on the financial system and the broader crypto ecosystem.