Coinbase Eyes New Frontier as Canary Capital Files First Staked SEI ETF with SEC

In a groundbreaking move for the cryptocurrency investment landscape, Canary Capital has filed with the U.S. Securities and Exchange Commission (SEC) to launch the first-ever Staked SEI Exchange-Traded Fund (ETF). This innovative product is set to provide investors with direct exposure to SEI, the native token of the Sei Network, through traditional brokerage accounts. The ETF will track the spot market price of SEI, benchmarked by CoinDesk Indices, offering a daily valuation. This development marks a significant milestone in bridging the gap between traditional finance and the burgeoning crypto market, potentially paving the way for more crypto-based ETFs in the future. As of May 2025, this filing could signal a new era of institutional adoption for digital assets, with Coinbase likely to play a pivotal role in facilitating these investments.

Canary Capital Files for First-Ever Staked SEI ETF With SEC

Canary Capital has taken a pioneering step in the cryptocurrency investment space by filing with the U.S. Securities and Exchange Commission to launch the first-ever Staked SEI ETF. This innovative product will provide investors with direct exposure to SEI, the native token of the Sei Network, through traditional brokerage accounts.

The ETF aims to track the spot market price of SEI as benchmarked by CoinDesk Indices, with daily NAV pricing at 4 PM New York time. Unlike derivative-based products, the fund will hold physical SEI tokens in custody through trusted partners BitGo Trust Company and CoinBase Custody Trust Company.

While the custodial arrangements aren’t FDIC-insured, robust insurance policies are in place to mitigate risk. The offering represents a significant bridge between traditional finance and blockchain assets, eliminating the technical barriers to crypto investment.

Worldcoin Launches World ID in Major US Cities, Igniting Digital Identity Revolution

Sam Altman’s Worldcoin project has activated its World ID system across six major U.S. cities, introducing iris-scanning technology for digital identity verification. The rollout has generated optimism among stakeholders, positioning Worldcoin at the forefront of decentralized identity solutions.

Market sentiment received an additional boost with Coinbase’s impending listing of the WLD token. The project’s weekly upward trajectory and technological innovations have reignited interest in Worldcoin across cryptocurrency markets.

U.S. Government May Invest $100 Billion in Bitcoin Through Gold Revaluation, Says Coinbase Executive

Sebastian Bea, President of Coinbase Asset Management, suggests the U.S. could allocate up to $100 billion to Bitcoin by revaluing its gold reserves. The government currently books gold at $42.22 per ounce—a price set in 1973—despite market rates exceeding $3,300 today. Closing this gap would unlock nearly $900 billion in latent value, enabling Bitcoin purchases without expanding debt or money supply.

"This isn’t speculative fantasy," Bea asserts. "It’s a matter of modernizing legacy accounting practices." The proposal capitalizes on Bitcoin’s institutional acceptance while sidestepping political hurdles to direct fiat allocation. Market observers note such a move would cement crypto’s role in sovereign treasury strategies.

WLD Price Targets $1.22 as Worldcoin Expands to 6 Major US Cities

Worldcoin’s WLD token surged 19% this week, fueled by growing investor interest and strategic ecosystem developments. The project’s expansion of its World ID biometric identity protocol to six major US cities underscores its real-world utility, positioning it at the intersection of AI and cryptocurrency.

Upcoming catalysts include a Coinbase listing and the launch of ’Morpho Mini,’ a new DeFi feature expected to drive further adoption. Technical analysis suggests WLD must breach the $1.07 resistance level to confirm sustained upward momentum.