XRP ETF launch: rumors or reality?

How does the approval of the first BTC spot ETF shed light on the challenges facing an XRP ETF? Amid the prevailing bullish sentiment in the market, a significant development has ignited anticipation and debate: the possibility of a Ripple (XRP) exchange-traded fund (ETF) entering the fray. At the center of this discourse lies Ripple CEO Brad Garlinghouse’s recent interview with Bloomberg on Feb. 20.  During the interview, Garlinghouse conveyed cautious optimism regarding the prospect of an XRP ETF. While he expressed openness to the idea, he stopped short of…

CME Group to Launch Micro Euro-Denominated Bitcoin and Ether Futures Amid Rising Demand

On Tuesday, CME Group unveiled plans to introduce micro euro-denominated bitcoin and ether futures, set to debut on March 18, contingent on regulatory green lights. These euro-based offerings will mirror their U.S. dollar-based equivalents, each representing one-tenth of the respective cryptocurrency’s value. CME Group Announces Micro Euro-Denominated Bitcoin and Ether Futures Launch Following the 2021 […] Original

CME to launch Euro-denominated micro Bitcoin, Ether futures

The Chicago Mercantile Exchange (CME) announced the upcoming launch of euro-denominated micro Bitcoin and Ether futures, set for Mar. 18, pending regulatory clearance. This follows the successful launch of U.S. dollar-denominated micro Bitcoin futures in May 2021 and micro Ether futures in December 2021. CME had previously introduced regular euro-denominated Bitcoin and Ether futures contracts in August 2022, alongside options products for these cryptocurrencies. Micro futures contracts will be one-tenth the size of their respective underlying assets. This provides a more accessible option for investors seeking exposure to Bitcoin (BTC)…

Sanctioned Bitcoin mining firm BitRiver to launch largest data center for AI in Russia

BitRiver, a Bitcoin mining company targeted by OFAC sanctions, is set to launch Russia’s largest data center for artificial intelligence (AI) in H2 2024. Bitriver-B, a subsidiary of BitRiver Group, is set to launch the largest data center for energy-intensive computations in Eurasia in the second half of 2024, Russia‘s government news agency Prime reports. The expected capacity of the data center is said to be 100 megawatts, as reported by Sergey Bezdelov, director of the Association of Industrial Mining. “This is the largest facility among all data centers in…

Binance Futures to launch ORDI perpetual contract

Cryptocurrency exchange Binance announced the listing of the ORDI perpetual contract. According to a post on Binance Futures, the platform will launch a USDC-margined ORDI perpetual contract on Feb. 22, 07:00 (UTC), with up to 75x leverage. The maximum financing rate for the ORDIUSDC perpetual contract at launch will be +2.00% and -2.00%. The funding fee calculation frequency will occur every four hours. Users will be eligible for a 10% discount on trading fees for all USDC margined futures contract trades until April 03, 12:30 pm (UTC). Following the news,…

SEC fines Van Eck $1.75m for influencer’s role in ETF launch

The U.S. Securities and Exchange Commission (SEC) has imposed a hefty $1.75 million civil penalty on prominent investment adviser Van Eck Associates Corporation. In a Feb. 16 statement, the SEC disclosed that during Van Eck’s 2021 launch of a new exchange-traded fund (ETF), the VanEck Social Sentiment ETF, the investment firm did not fully disclose the involvement of a well-known social media personality in the marketing of the product.  SEC is making VanEck pay a $1.75m fine bc they didn’t disclose to fund board that “well-known and controversial” social media…

UNI Token Primed For Growth As New Chain Launch Loom

Uniswap, one of the world’s largest decentralized exchanges (DEX), is poised for significant growth with the upcoming launch of its V4 upgrade. This anticipated update will introduce custom Automated Market Maker (AMM) functionality directly on top of Uniswap, eliminating the need for separate AMM designs. In addition, Uniswap’s governance token, UNI, has seen notable growth, with a 6.8% increase in the last 24 hours and an 8% increase in the previous 30 days, bringing the UNI token to $7.318. However, while these developments favor the exchange and investors, decentralized finance…

Sushi Partners With Layer N to Launch High-Speed Derivatives Exchange

Sushi, the multi-chain decentralized exchange (dex), plans to launch a new high-speed derivatives exchange called Susa using Layer N’s scaling technology, Sushi revealed on Tuesday. The partnership aims to rival centralized exchanges by processing over 100,000 transactions per second with milliseconds of latency. Susa’s Debut on Layer N Promises New Era for Dex Platforms Sushi […] Source

Zimbabwe to Launch ‘Structured Currency’ Linked to Gold, Says Finance Minister

The Zimbabwean government plans to launch what it calls a “structured currency.” Some commentators and social media users have expressed skepticism over the government’s latest currency plans. Zimbabwe’s Structured Currency The Zimbabwean Finance Minister, Mtuli Ncube, has said his government plans to halt the local currency’s freefall by linking it to gold and establishing a […] Source CryptoX Portal

Nervos Network’s CKB up 56% amid launch of RGB++ client for Bitcoin

The CKB token of Nervos Network has rapidly soared by over 55% shortly after developers released RGB++, an extension protocol base designed to work with Bitcoin. According to data from CoinMarketCap, Nervos Network‘s CKB has experienced a noticeable surge of over 55% following the release of RGB++, an extension protocol designed to enhance compatibility with Bitcoin. Over the past 24 hours, the trading volume of CKB increased by over 1,800% up to $116.4 million, data shows. CKB price in USD | Source: CoinMarketCap This surge propelled the token to levels…