"Keep an eye out for the latest updates, and stay vigilant against scams," Ripple's team advised.
Bitwise spot XRP ETF has been proposed with Delaware's Division of Corporations, despite no U.S. approval for XRP ETFs yet.
In a groundbreaking move, cryptocurrency index fund manager Bitwise Asset Management filed for an XRP (CRYPTO: XRP) exchange-traded fund (ETF), a first for the U.S. market. What Happened: Bitwise submitted the ETF filing on Monday to Delaware's Department of State's Division of Corporations.
XRP price has once again rallied past the $0.62 mark today, after witnessing a decline to below the $0.59 level recently. Notably, the surge in the price came in as Bitwise filed for a Spot XRP ETF, which has sparked widespread discussions in the market.
SEC's potential appeal could significantly delay regulatory clarity for XRP and impact the broader crypto ETF landscape. The post Bitwise's XRP ETF bid likely to fail if SEC appeals Ripple case on Oct. 7 : Galaxy Digital Head of Research appeared first on Crypto Briefing.
Bitwise files for XRP-spot ETF, fueling optimism, but SEC appeal uncertainty looms over market impact.
XRP market sentiment demonstrates bullish optimism but market data signals a decline in both bullish and bearish volumes.
Asset management firm Bitwise has filed for a spot XRP exchange-traded fund (ETF) with the Delaware Division of Corporations. While this does not confirm an immediate filing with the U.S. Securities and Exchange Commission (SEC), it aligns with Ripple CEO Brad Garlinghouse's positive outlook on the future of XRP ETFs.
The price of the native token of the XRP Ledger, XRP, is up more than 11% over the past month after whales accumulated more than 470 million tokens in just 10 days in a buying spree that came shortly after Grayscale Investments announced the launch of its Grayscale XRP trust.
Solana is gearing up for a potential price surge against Bitcoin as the SOL/BTC pair inches closer to a bullish breakout. After a prolonged period of consolidation within a symmetrical triangle since March, SOL/BTC is making another attempt to rally past the upper resistance line.
An uptick in Solana's network activity and upcoming project launches could send SOL price higher.
Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.
As Ripple approaches a resolution in its ongoing legal dispute with the US Securities and Exchange Commission (SEC), crypto asset manager Bitwise Invest has taken a significant step by filing the first application for an spot XRP ETF in Delaware.
Asset manager Bitwise filed for an XRP exchange-traded fund (ETF) on Sept. 30 with Delaware's Division of Corporations.
XRP whale movements and market activity suggest an imminent breakout, with bullish sentiment prevailing.
XRP is back in the limelight once again, catching a rising tide of bullish vibes in the cryptocurrency marketplace. The token went steadily up last week but managed to make an even bigger leap over the weekend.
Crypto index fund manager Bitwise has filed for a spot exchange-traded fund that would give investors exposure to the token XRP.
Bitwise aims to launch an XRP ETF, confirming to Decrypt that the filing with the state of Delaware is legitimate.
The price of XRP fell by 5% today following Ripple's release of 1 billion XRP coins from its escrow wallet. The significant unlocking of these coins has raised concerns among investors, particularly in light of XRP's recent price movements and overall market conditions.
With Bitcoin entering the final pullback of the year, crypto traders are keeping a watchful eye on leading altcoins like Solana (SOL) for the next big move ahead. Technical factors show that the Layer 1 altcoin is showing considerable strength against BTC and could potentially be gearing up for an upcoming rally to $200.
Solana price recently had high market activity, trading around the $148 level at the time of writing. Technically, Solana might be in for a change of direction, with crucial chart patterns and an increasing interest in the derivatives market driving it.
Asset manager Bitwise has reportedly filed a spot exchange-traded fund for Ripple (XRP), the seventh-largest crypto by market cap. Bitwise's XRP ETF application was filed on Sept.
Wealth manager Bitwise has registered a Delaware Trust for a fund that would track Ripple's native cryptocurrency, XRP.
The crypto-focused asset manager filed the exchange-traded fund application in the state of Delaware.
Bitwise's XRP ETF filing could signal further integration of digital assets into traditional finance, despite potential regulatory hurdles. The post BREAKING: Bitwise files for XRP ETF via Delaware trust appeared first on Crypto Briefing.
Bitwise, the leading crypto index fund manager, has filed for an XRP exchange-traded fund in the state of Delaware, according to Fox Business reporter Eleanor Terrett.
A well-known crypto analyst has doubled down on their ultra-bullish forecast for Ripple's cross-border payments token, XRP. Javon Marks has once again predicted that XRP's price will skyrocket to the coveted $200 zone, representing an over 3,000% growth from its current price point.
Ripple Labs, the San Francisco-based payment technology company, has unlocked 1 billion XRP tokens from its escrow. Valued at approximately $621.78 million, this action has been executed in three separate transactions, raising questions about its implications for the broader market and the future of XRP.
XRP tests a crucial supply level after days of choppy price action, showing signs of strength as it prepares for a potential breakout. The price has surged approximately 13% since Friday, putting it within striking distance of the key psychological level at $0.65.
Between the 1st and the 7th of October, nearly 524K SOL, worth $81 million, will be unlocked.
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.
As Ripple braces for a crucial SEC decision, will XRP price manage to maintain its $0.60 support level, or are further drops on the horizon?
Ripple's recent regulatory approval in Dubai brings the company closer to establishing its presence in the Middle East's growing crypto market.
With recent moves, XRP price is again on investors' radar, and many are drawing parallels with the virtual monster rally of 2017-2018 when the value of XRP surged as high as 57,000%. Could we be at the threshold of another great upsurge?
Solana's total value locked in decentralized finance protocols has risen to levels last seen nearly three years ago. In the DeFi market, total deposits in protocols across Solana's ecosystem have increased from lows of $657 million in October 2023 to over $10.7 billion.
The Dubai Financial Services Authority (DFSA) has granted in-principle approval to Ripple (CRYPTO: XRP) to offer blockchain-enabled payment services from the Dubai International Financial Centre (DIFC). What Happened: This regulatory decision allows Ripple to introduce its cross-border payment services, including Ripple Payments Direct (RPD), to customers in the United Arab Emirates (UAE).
TL;DR Six DeFi protocols on Solana have surpassed $1 billion in TVL, marking the first time this milestone has been reached since November 2021. The total TVL of Solana rises to $5.50 billion, recovering after the collapse of FTX in 2022, which drastically affected the platform.
Ethereum's most feared cryptocurrency, Solana ($SOL), is facing stiff competition from new scaleable Layer 1s that are growing in price at a much quicker rate.
For the first time since Solana launched, six SOL-based platforms held over $1 billion in user deposits.
After experiencing sluggish growth for a couple of years due to Ripple's legal battle with the United States Securities and Exchange Commission (SEC), XRP has found its right footing thanks to a soaring trading volume.
Ripple CEO Brad Garlinghouse recently commented on the company's latest regulatory milestone in the Middle East.
The U.S. Securities and Exchange Commission (SEC) has only a few days left to appeal the recent ruling in the Ripple case, with the deadline set for October 7th. A previous court decision declared that secondary sales of XRP were not considered securities, a significant win for Ripple.
AMBCrypto found that the spot CVD has been falling over the past two days, coinciding with the pullback from $161.8.
Solana has risen by 2% in the past 24 hours, moving to $153 as the SOL/BTC price climbs to 0.00246 today.
Solana price has been trending higher since September 6, gaining 25% and outperforming Bitcoin and Ethereum. SOL price has increased by 1.8% in the last 24 hours and is trading at $156.
Solana (SOL) continues to navigate a critical resistance level at $161, traders and investors are closely monitoring its next move. The cryptocurrency, which recently showed promising gains, is now at a crossroads that could dictate its short-term trajectory.
The overall cryptocurrency market is once again gaining momentum. Amid this, Ripple has locked 800 million XRP tokens in escrow. This substantial locking of XRP occurred in three different transactions, as reported by the blockchain transaction tracker, Whale Alert.