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M2 Capital Invests $20M in Ethena to Expand Digital Assets in Middle East

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M2 Capital Limited, the investment arm of UAE-based M2 Holdings, has invested $20 million in Ethena’s governance token, ENA. The move underscores a push to connect Middle Eastern investors with new digital asset infrastructure at a time when the region is seeking a larger role in global finance.

Ethena is best known for its crypto-native synthetic dollar, USDe, and its reward-bearing version, sUSDe. Both are backed by crypto collateral and maintained through hedging strategies designed to reduce volatility.

The protocol has attracted more than $14 billion in deposits since launching in 2024, reflecting appetite for stablecoin-like products that also generate yield.

M2 Global Wealth, an affiliate of M2 Holdings, will integrate Ethena into its wealth management offerings. The group says this adds a regulated way for clients to access returns from emerging digital assets. Kim Wong, M2’s head of treasury, said the deal sets a new standard for trust and security in the region’s market.

The investment follows M2’s participation in a funding initiative for the Sui blockchain ecosystem earlier this year. It also comes as the UAE continues to strengthen its regulatory framework to attract crypto firms and investors.

By aligning with Ethena, M2 aims to offer custody, yield, and liquidity services while accelerating adoption of new digital finance tools in the Middle East.



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SUI Group’s treasury climbs to $344m after fresh 20m token addition
GameFi Guides

SUI Group’s treasury climbs to $344m after fresh 20m token addition

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SUI Group Holdings has cemented its status as a titan within the Sui ecosystem. Its recent acquisition of 20 million tokens brings its total stash to over $344 million, making it a dominant force in the token’s economy.

Summary

  • SUI Group Holdings added 20 million SUI tokens, lifting its treasury to 101.8 million, valued at $344 million.
  • The Nasdaq-listed firm trades under SUIG and has exclusive access to discounted SUI via the Sui Foundation.
  • SUI rose over 4% following the announcement, trading between $3.25 and $3.40.

According to a press release dated September 3, the Minnesota-based company, which trades on the Nasdaq under the ticker SUIG, systematically added another 20 million Sui (SUI) tokens to its coffers.

The accumulation, executed under a unique arrangement with the Sui Foundation, pushes its total holdings to 101.8 million SUI, valued at over $344 million at current market rates. Chief Investment Officer Stephen Mackintosh said the move underscores the firm’s “conviction in the transformative potential of the SUI blockchain,” adding that it plans to continue seeking “accretive capital raises” to fund further purchases.

The strategy behind the SUI accumulation

SUI Group’s official relationship with the Sui Foundation grants it exclusive access to purchase discounted, locked SUI tokens directly from the source, unlocking a significant cost-basis advantage over the open market.

By maintaining substantial liquidity, approximately $58 million, according to the release, the firm positions itself to continue acquiring discounted locked tokens, a strategy designed to scale its treasury while optimizing value for shareholders.

To leverage its massive position, the company is not passively holding. The treasury update confirms that substantially all of the 101.8 million SUI is being actively staked on the network. This generates an estimated 2.2% annual yield, which currently translates to roughly $20,000 in daily staking rewards, SUI Group said.

For shareholders, the company has introduced a crucial metric dubbed SUI per share. As of September 2, that figure stands at 1.14. This is calculated by dividing the total treasury of 101.8 million SUI by the fully adjusted share count of 89.1 million common shares outstanding.

The metric provides a transparent measure of value, showing exactly how much of the underlying asset each share of SUIG stock represents. The increase from 0.92 SUI per share just weeks prior demonstrates the strategy’s immediate impact in concentrating asset ownership for each shareholder.

Following the announcement, SUI traded up more than 4%, rising from a daily low of $3.25 to as high as $3.40, though it remains well below its January peak of $5.35.



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Crypto VC funding: Rain raises $58m, OrangeX secures $20m
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Rain raises $58m, OrangeX secures $20m

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This past week saw nearly $235 million in crypto VC funding with several notable funding rounds, led by Rain, which raised $58 million in Series B funding for its stablecoin interoperability platform.

Other key investments include M^0, securing $40 million for its decentralized middleware protocol, and OrangeX, which raised $20 million for its global crypto trading platform.

Additionally, aPriori gathered $20 million in a strategic round for its work in DeFi, liquidity, and staking. Other projects such as Hemi Labs, The Clearing Company, and Magne AI also raised significant funds, highlighting continued investor confidence across the crypto space.

Series B funding rounds dominated the activity this week. Here’s a breakdown of this week’s crypto funding developments, according to Crypto Fundraising data.

Summary

  • Crypto VC raised $234.9m this week, led by Rain’s $58m Series B round
  • M^0 raised $40m Series B, while OrangeX secured $20m for expansion
  • Smaller projects raised $1.5m–$15m, showing strong sector diversity

Rain

  • Rain raised $58 million in a Series B round that included Sapphire Ventures, Dragonfly, and Galaxy Digital.
  • The project is a stablecoin interoperability platform that has raised $88.5 million to date.

M^0

  • M^0, a decentralized middleware protocol, secured $40 million in a Series B round.
  • Polychain Capital, Ribbit Capital, and Endeavor backed the startup, which has raised $97.5 million to date.

OrangeX

  • OrangeX, a global crypto trading platform, collected $20 million in a Series B round
  • Investors include Kryptos and SCI Ventures; OrangeX has raised $30 million to date.

aPriori

  • The project gathered $20 million in a strategic round. The startup operates in DeFi, liquidity, and staking sectors
  • HashKey Capital, Pantera, and Primitive Ventures are aPriori’s investors.

Projects < $20 million

  • Hemi Labs, $15 million in an unknown round
  • The Clearing Company, $15 million in a Seed round
  • Magne AI, $10 million in a Strategic round
  • Hyperbot, $6.75 million in an unknown round
  • Metafyed, $5.5 million in an unknown round
  • Multipli, $5 million in an unknown round
  • Splendor Labs, $4.5 million in a Seed round
  • Almanak, $2.5 million in a Public sale
  • Superfluid, $2 million in a Public sale
  • Suzaku, $1.5 million in an unknown round
  • Fly (ex Magpie Protocol), $340,000 in an unknown round





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aPriori raises $20m to advance high-performance DeFi markets
NFT Gaming

aPriori raises $20m to advance high-performance DeFi markets

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aPriori has raised $20 million, bringing total capital to $30 million. The project, founded by alums from Jump Crypto and Citadel Securities, is building a blockchain-native order flow layer that segments and routes trades intelligently, aiming to reduce inefficiencies and MEV leakage for both traders and LPs.

Summary

  • aPriori raised $20 million in a strategic funding round, bringing total capital to $30 million.
  • Investors include HashKey Capital, Pantera Capital, Primitive Ventures, and IMC Trading.
  • The funds will support the development of a blockchain-native order flow coordination layer.

According to a press release dated August 28, aPriori’s latest round was led by a consortium of heavyweights including HashKey Capital, Pantera Capital, and Primitive Ventures, with participation from IMC Trading, GEM, Gate Labs, Ambush Capital, Big Brain Collective, and others.

aPriori said the capital infusion will fuel the development of aPriori’s core infrastructure, which is being engineered specifically for high-performance Ethereum Virtual Machine environments, with the Monad blockchain as its primary launchpad.

Building the next layer of onchain market infrastructure

The latest $20 million round solidifies aPriori’s financial foundation, elevating its total funding to $30 million, with a majority of it earmarked for deploying the project’s core products, which form an interconnected system designed to fundamentally re-architect how value moves on-chain.

Per the statement, this includes the development of Swapr, an AI-driven DEX aggregator that does more than find the best price; it classifies the intent and potential impact of each trade in real-time. Concurrently, the team is building out its MEV-powered liquid staking protocol, engineered to capture extracted value and redistribute it back to stakers and validators, realigning incentives that are currently fractured.

aPriori noted that its active order flow coordination leverages artificial intelligence to perform instantaneous, real-time classification of incoming trades, segmenting them by quality and forecasting potential adverse selection before routing decisions are made.

This allows the protocol to protect liquidity providers from predatory arbitrage strategies while simultaneously offering tighter spreads to benign traders.

“We built aPriori on the insight that the same mechanisms which protected LPs and improved efficiency, combined with the active engines used at leading HFT firms to combat adverse selection, could be brought on-chain to transform how liquidity and order flow are managed,” aPriori founder Ray Song said.

Why aPriori chose Monad

According to the project, high-performance EVM environments are non-negotiable for this type of infrastructure. Monad’s design, which promises low latency and massively high throughput, removes the computational constraints that have often forced on-chain trading into a trade-off between decentralization, security, and performance.

For aPriori’s AI-driven routing and real-time segmentation to operate as intended, the underlying blockchain must be capable of processing transactions at a speed and scale that matches the demands of institutional-grade trading logic.



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