Everything web3, crypto, defi, degen
In brief Rex-Osprey launched XRP and DOGE ETFs, and the SEC debuted streamlined listing standards for commodity-based trust shares. Forward Industries became Solana’s first $1 billion treasury company, with Helius planning a $500 million SOL treasury raise KindlyMD shares dropped 54% after filing S-3 registration, releasing $200 million in discounted shares that created sell pressure…
In brief Rex-Osprey’s DOJE ETF delivered substantial trading volume upon its debut Thursday. The issuer is now seeking approval for a leveraged ETF product that grants 1-1.5x leveraged exposure to DOJE. Beyond the leveraged long exposure, its objective is to send weekly distributions to holders. Rex-Osprey’s DOJE, the first U.S. spot Dogecoin ETF, produced strong…
In brief The Rex-Osprey XRP ETF and DOJE ETF debuted Thursday. Analysts were surprised at the trading volume of both ETFs. The price of both XRP and Dogecoin has dipped following the funds’ listing. The first exchange-traded fund giving U.S. investors exposure to XRP had a roaring debut Thursday, bringing in close to $38 million…
In brief The native token for meme coin launchpad Pump.fun led losses among crypto’s meme economy Friday morning. Dogecoin, PEPE, BONK and other top meme tokens also lost ground, underperforming Bitcoin and Ethereum. Gaming token Immutable jumped 17% on the day, buoyed by partnerships and broader altcoin momentum. Meme coin markets cooled on Friday morning…
In brief The first American spot ETF giving exposure to XRP debuted on Thursday. Bloomberg analyst Eric Balchunas was surprised at the size of the Rex-Osprey XRP ETF’s initial trading volume. The price of XRP has risen over the last day, and Myriad users believe it’ll keep climbing to a new high of $4. The…
In brief Dogecoin is up 8% in the last 24 hours as the first ETF with spot exposure hits the market. The DOJE ETF generated nearly $6 million in trading volume in the first hour, surpassing Bloomberg analyst expectations. More Dogecoin ETFs are expected to hit the market in the next month. Dogecoin (DOGE) is…
In brief The SEC said that Grayscale’s Digital Large Cap Fund conversion into an ETF is approved for listing and trading. The fund tracks the price of Bitcoin, Ethereum, Solana, XRP, and Cardano. Other ETFs tracking XRP and Dogecoin began trading on Thursday. An exchange-traded fund from crypto asset manager Grayscale that tracks the price…
In brief PENGU has jumped by double digits over the past 24 hours, following its appearance in the earnings report of a publicly traded digital asset exchange. Predictors on Myriad think it’s likely that the meme coin will climb an extra 34% to $0.05, rather than dipping to $0.02. The Pudgy Penguins’ NFT collection has…
In brief Crypto markets have posted broad gains following the Federal Reserve’s quarter-point rate cut. Hyperliquid’s USDH stablecoin has been “attracting liquidity across the board from many institutions,” according to an analyst. The momentum now hinges on project-specific catalysts, with altcoins more exposed to volatility than Bitcoin, experts told Decrypt. Avalanche (AVAX) and Hyperliquid (HYPE)…
In brief The standards bar leveraged and inverse trusts from using the generic path. Eligible assets must already be traded on regulated, surveilled markets or backed by an existing ETF. Solana and Litecoin ETFs could arrive within weeks, with Dogecoin and others in line, Decrypt was told. The U.S. Securities and Exchange Commission signed off…
