Gemini Teases XRP Developments: Is a Spot XRP ETF Coming?
Gemini, a leading crypto exchange, has posted cryptic messages on social media, hinting at possible developments related to XRP. The XRP community has speculated that Gemini may be planning to launch a Spot XRP ETF in the European market following its approval as a DASP in France and its role as a custodian for VanEck’s […]
Binance to Burn Binance-Pegged Tokens on Various Chains
Binance has announced plans to burn a significant amount of Binance-pegged tokens on various chains, such as BSC, MATIC, BNB, BPSC, and TRX. The burn will release the equivalent amount of native tokens that served as collateral and will aim to boost the token economics of the pegged tokens. Binance-pegged tokens are backed by the […]
Ondo Finance Expands to Asia Pacific to Offer Tokenized U.S. Assets
Ondo Finance, a leading issuer of tokenized securities, has opened its first office in the Asia Pacific region, aiming to tap into the growing crypto market and demand for U.S.-based asset classes. The company offers three tokenized products that provide exposure to U.S. Treasuries, money market funds, and bank deposits. Tokenized securities offer several benefits, […]
API3 Breaks Resistance and Soars 100%: Can It Hit $4?
API3, a decentralized API network, has seen a massive price rally in the last 24 hours, breaking the previous resistance at $2.50 and reaching a new high of $3.20. Several factors, such as negative funding rates, market-making loans, and technical indicators, drove the rally. However, the price faces a strong resistance at $3.20, which could […]
Ark Invest Shifts BITO Funds to Strengthen ARKB Spot Bitcoin ETF
Cathie Wood’s Ark Invest has been selling its shares of ProShares Bitcoin Strategy ETF (BITO) to buy more units of Ark 21Shares Bitcoin ETF (ARKB), its own spot Bitcoin ETF. This move shows Ark Invest’s confidence in its active fund management strategy and preference for spot exposure to Bitcoin. Ark Invest swaps BITO for ARKB […]