After numerous delays over the past few years, lawsuit battles, regulatory changes, and recent filing updates, the first ETF to hold 100% XRP tokens is anticipated to debut in the United States on November 13. XRP’s price has been quite volatile in the past several days leading up to the event, while whales seem to […]
Canary Capital is expected to launch the first US-based spot XRP ETF that will have 100% exposure to the asset on November 13, after its most recent updates that allow it to bypass regular approval procedures. Consequently, we asked ChatGPT and Perplexity whether this will turn out to be as bullish as many expected, or […]
Dogecoin is trading near $0.182 after gaining close to 10% over the past week. Price action and momentum indicators across several timeframes are showing signs of strength. Consequently, traders are watching for confirmation of a trend shift as DOGE holds above key support levels. Momentum Builds on Daily Chart On the daily chart, the OG […]
The U.S. Treasury and the IRS have announced a new safe harbor that allows crypto exchange-traded funds (ETFs) to stake digital assets without paying extra tax. The guidance resolves a regulatory challenge that previously prevented asset managers from participating in staking networks due to concerns about potentially violating tax laws. Safe Harbor Guidance Under Revenue […]
A new bipartisan discussion draft from the U.S. Senate Committee on Agriculture, released on November 10, proposes a clear regulatory framework for digital assets. The legislation could formally place XRP and other major cryptocurrencies under the oversight of the Commodity Futures Trading Commission (CFTC) as a commodity, a move that could have significant consequences for […]
Ripple’s cross-border token benefited from the positive developments around the company behind it in recent weeks and the growing hype about a potential launch of a spot XRP ETF in the United States. One popular analyst remains highly bullish on the asset for the long run, predicting a massive surge to $6, which would mean […]
Digital asset funds experienced another difficult week as investors withdrew $1.17 billion. This was the second week in a row of steep outflows. Confidence remains fragile after the October 10th liquidity shock, and macro uncertainty over the Fed’s December policy decision continues to weigh on positioning. CoinShares found that ETP trading volumes, however, stayed strong […]
FTX creditor representative Sunil Kavuri said the bankrupt exchange has now completed three payout rounds of about $7.1 billion. The bankruptcy estate of the now-defunct crypto exchange, which collapsed in November 2022, has taken almost three years to reach this stage. Next Distribution Lined Up for January According to his latest update on X, FTX […]
Bitcoin’s Taproot address supply has fallen by roughly 3% since January 2024, according to on-chain analyst Willy Woo. The decline is sparking debate across the crypto community, with experts split on whether long-term holders (LTHs) are quietly selling or simply repositioning their funds amid rising concerns about quantum computing threats. Bitcoin Housecleaning or Whale Sell-Off? […]
Embattled crypto gambling platform ZKasino has started returning a portion of investor funds following a $33 million scam that left thousands of users in limbo. The refunds come nearly six months after Dutch authorities arrested a suspect linked to the platform’s alleged rug pull, marking a tentative step toward restitution for affected users. ZKasino Founder […]