Grayscale Fuels SUI and Cardano Boom as Binance Launches Offensive on Crypto Crime
Grayscale has catapulted SUI into the institutional arena by launching two single-asset trusts: DeepBook (DEEP) and Walrus (WAL), designed to give accredited investors exposure to the network’s most vital protocols.
DeepBook, an on-chain order book with more than US $10 billion in processed trades, and Walrus, a programmable data storage network backed by $140 million in funding, are using SUI’s lightning-fast, parallel-processing architecture.
Rooted in Delegated Proof of Stake (DPoS), SUI’s design enables high throughput with low fees, a combination that has helped push its total value locked to $2.3 billion in July before settling around $2.2 billion. Grayscale’s move follows its earlier SUI product launch and signals a deeper bet on scalable, DPoS-driven infrastructure.
Cardano Gets an ETF Playbook of Its Own
Hot on the heels of the SUI trusts, Grayscale filed Delaware statutory trusts for a Grayscale Cardano Trust ETF and a Grayscale Hedera Trust ETF. If approved, the Cardano product would bring one of the largest DPoS blockchains into the regulated ETF market, putting it alongside Bitcoin and Ethereum in Grayscale’s portfolio.
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Cardano’s layered architecture and academically rigorous development process have long been praised, but a regulated ETF could open the door for major institutional inflows. The filings mirror Grayscale’s pattern with other spot ETFs, hinting at a calculated expansion into high-performance, energy-efficient networks.
Binance On the Front Line of Crypto Crime Offensive
While Grayscale is building the bridge between DPoS-based blockchains and institutional investors, the security side of the industry is stepping up. The T3 Financial Crime Unit, founded by Tron, Tether, and TRM Labs, has frozen over $250 million in illicit funds since its inception in September 2024. Now, Binance has become the first member of the expanded T3+ program, adding its global enforcement reach to the fight.
In its first days as a T3+ member, Binance helped freeze nearly $6 million linked to a “pig butchering” scam. In an environment where stolen crypto can be laundered within minutes, such rapid, coordinated action is a game-changer.
By marrying major exchange capabilities with real-time intelligence sharing, T3+ is raising the bar for security across the entire blockchain sector, including DPoS networks like Tron, SUI, and Cardano.
One Playbook for Growth, Access, and Defense
The storylines converge into one: Grayscale is pulling institutional capital toward high-speed, DPoS-powered blockchains; Binance is ensuring those same networks remain secure from exploitation; and both are part of a broader crypto ecosystem maturing toward stability, scale, and trust.
With innovation, market access, and security moving in lockstep, the next phase of blockchain adoption may be defined by alliances like these. It’s no longer just about who builds the fastest chain; it’s about who builds it, funds it, and defends it in real time.
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Conclusion
From SUI’s infrastructure leap with DeepBook and Walrus to Cardano’s potential ETF breakthrough and Binance’s proactive role in T3+, the crypto industry is demonstrating a powerful convergence of innovation, access, and security.
Delegated Proof of Stake networks are proving they can deliver the speed and scalability demanded by modern markets while now gaining the institutional pathways and crime-fighting frameworks needed for broader adoption.
This alignment between blockchain technology, traditional finance, and enforcement signals a maturing sector ready for the next phase. The message is unmistakable: the future of crypto will be built, funded, and fiercely protected.
Frequently Asked Questions (FAQs)
- What are DeepBook and Walrus?
SUI-based protocols for on-chain order book trading and programmable data storage, now offered via Grayscale trusts. - How is Cardano involved?
Grayscale filed for a Cardano Trust ETF, which could bring regulated institutional access to the DPoS blockchain. - What is T3+, and why is Binance’s joining important?
T3+ is an expanded crypto crime unit; Binance’s involvement adds global enforcement reach and rapid-response capabilities. - How much illicit crypto has T3 frozen?
Over US $250 million since September 2024. - How does DPoS connect these events?
SUI, Cardano, and Tron all use DPoS for scalability, and security efforts like T3+ help protect them.
Glossary of Key Terms
- Delegated Proof of Stake (DPoS) – A consensus model where token holders vote for trusted delegates to validate transactions.
- Single-Asset Trust – An investment product holding only one cryptocurrency, used for regulated investor access.
- Spot ETF – A fund that holds the actual underlying asset, giving investors direct market exposure.
- Total Value Locked (TVL) – The sum of assets held in a blockchain’s smart contracts.
- Pig Butchering Scam – A long-term fraud that lures victims into fake investments.
- Parallel Processing – Running multiple blockchain transactions at once to boost performance.
