The asset management firm 21Shares has become the latest participant in the competitive race to establish spot exchange-traded funds (ETFs) focused on XRP. On November 1, the company submitted its S-1 registration form to the U.S. Securities and Exchange Commission (SEC), aiming to list its Core XRP Trust shares on the Cboe BZX Exchange. This
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As the United States gears up for its presidential elections, slated for November 2024, the implications extend well beyond just political ideologies. The electorate faces a critical juncture: choose to maintain the existing administration or switch gears with Republican candidate Donald Trump. Given the significant influence the outcome will have on economic policies, millions of
In the ever-evolving world of cryptocurrencies, Bitcoin remains at the forefront, capturing the attention and interest of both seasoned investors and newcomers alike. October marked a significant milestone for Bitcoin, as the cryptocurrency recorded a notable price gain of 10%, closing the month with its second consecutive green candle. This anomaly has sparked renewed optimism
As Ethereum (ETH) languishes around the $2,500 mark following a notable 9% retreat from a peak of $2,820, the cryptocurrency market is rife with speculation. This recent downturn has ignited fresh interest among both investors and analysts, who are keenly eyeing the possibility of future price movements. Prominent market analyst Carl Runefelt has weighed in,
Ripple (XRP) has recently found itself in a precarious position, marked by a notable bearish trend. The cryptocurrency encountered significant resistance at the crucial 200-day moving average, a pivotal technical indicator that has historically guided investor expectations. With Ripple’s price peaking around $0.53, this rejection has not only halted its upward trajectory but also raised
In the rapidly evolving landscape of cryptocurrencies, few figures stand out as clearly as Semilore Faleti. His journey from a general content creator to a recognized cryptocurrency journalist is not just a career trajectory but a testament to the growing significance of digital assets in the modern financial narrative. Let us delve into the unique
Bitcoin (BTC) is currently basking in a wave of positive energy, inching ever closer to its historical peak of $73,750. As of October 29, Bitcoin was just a slight margin away from this formidable benchmark, trading at $72,200. This particular moment in the cryptocurrency market is punctuated by a palpable excitement amongst investors and enthusiasts,
The decentralized finance (DeFi) landscape has undergone significant shifts in recent years, with numerous platforms striving to maintain relevance amid fierce competition. One of the latest instances of this turbulence is evident in the Swiss-based trading platform dYdX, which has recently instituted a substantial 35% reduction in its core workforce. This strategic move has also
In a significant development within the cryptocurrency sphere, the Optimism Foundation has entered into a partnership with Kraken, a major player in the digital asset exchange market. This collaboration involves a substantial investment of 25 million OP tokens aimed at supporting the launch of Kraken’s new layer-2 (L2) blockchain, named Ink, within the Superchain ecosystem.
Ethereum, one of the most significant cryptocurrencies, has recently experienced a period of consolidation, with a modest 0.07% gain over the past 30 days. This stagnant phase raises questions about whether we are on the brink of a price breakout. Observations from various technical analysts indicate that Ethereum might soon shift from this period of
