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XRP 2X ETF has finally received the green light as the SEC clears path for XRP ETF products that are set to launch on April 30, 2025. Right now, ProShares is actively finalizing preparations to introduce three futures-based exchange-traded funds, with the leveraged XRP 2X ETF option generating quite a lot of investor interest and attention. Also Read: Top Three AI Stocks To Buy Now to Rival Nvidia (NVDA) What XRP Investors Should Know About Market Volatility and ETF Launch Source: CoinMarketCap The XRP 2X ETF development comes at a time when market volatility in crypto continues to challenge investors in many ways. These structured products aim to provide more regulated exposure options despite all the ongoing price fluctuations that we’re seeing. ProShares XRP ETF Details ProShares‘ strategic approach includes three distinct XRP 2X ETF variants: a leveraged fund, along with short and also ultra-short alternatives. The SEC clears path for XRP ETF launch after no formal objec...

Arthur Hayes. Source: a video screenshot Arthur Hayes, a prominent American banker, entrepreneur, and former CEO of crypto derivatives giant BitMEX, has speculated that the next crypto bull run will kick off when China eases its stance toward the crypto market.  The crypto advocate argued that there are signs that it is already happening, one of which is the Hong Kong government’s recent announcement regarding a bill to regulate crypto . This is because Hong Kong acts as “the proxy through which China interacts with the world.” "Hong Kong’s friendly reorientation towards crypto portends China reasserting itself in the crypto capital markets. When Choyna loves crypto, the bull market will come back. It will be a slow process, but the red shoots are budding," he said in a recent blog post titled “Comeback." Hayes claimed that China may view Hong Kong as a testing ground for its experiment with crypto markets. Furthermore, C...

The crypto markets are at their low in 2022 and a handful of tokens are available at a discounted price. While Bitcoin, Ethereum, and other leading altcoins are lucrative, its price at $19K and $1.3K respectively remains unaffordable to the average investor. However, several penny cryptos seem to be promising at these levels, and holding on to the long term could deliver profits. Penny cryptos are affordable and won’t burn a hole in investors’ pockets. However, it is advised to only invest a portion of your income that you can afford to lose. Going all-in on penny cryptos could be dangerous during the ongoing bear market conditions. In this article, we will guide you to the 3 best penny cryptos you can bet your $1,000 this year. Also Read: 3 Crypto Predictions That May Never Come True in 2022 What are Penny Cryptos? First and foremost, penny cryptos are similar to the SEC’s description of shares that sell anywhere between less than a Cent and below $5. There...

The crypto markets are in the red again, with the total market cap down more than 1% and trading volume shrinking in the last 24hrs. Many of the top coins in the space are also down over the last seven days, although there are some notable exceptions that are performing well. Solana (SOL) Solana has followed a bearish trend in recent days and weeks but the native SOL token could now be about to turn. SOL dipped below $30 for the first time since June following the release of US Consumer Price Index data and despite a mini-recovery earlier in the week is still currently struggling to break out. The Mango Market Hack - which saw $100 million stolen - also affected the price, with the dApp built on the Solana blockchain. The hack saw 30$ of Solana's Total Value Locked (TVL) wiped instantly. Top SOL NFT marketplace Magic Eden also saw customers and creators leave after revealing they would make royalties optional. However, TradingView trader Maikisch has offered so...

Ripple has announced the second lineup of its $250 million Creator Fund recipients. The announcement follows the recent vote that would eliminate the bug barring NFTs (Non-fungible tokens) on the XRP ledger (XRPL). As previously reported, NFTs on Ripple was pushed due to a bug that could be exploited by malicious players. The vote to eliminate the feature already has the 80% necessary votes. However, voting does not end till the 27th of October. As per the vote, NFTs on the XRP ledger might just show up as soon as voting concluded. Ripple announcing the second list of recipients of its Creator Fund further adds weight to the possibility of NFTs appearing on XRPL sooner than previously anticipated. Among the new recipients is the metaverse platform 9LEVEL9, which will sell tickets to virtual events as NFTs. Fan-focused Japanese NFT marketplace Anifie, NFT sports platform Capital Block, XRP NFT marketplace NFT Master, NFT IP company SYFR Projects, NFT membership project Th...

The UAE (United Arab Emirates) has become one of the most popular destinations in the world for cryptocurrency and web3-related businesses. The government’s crypto-friendly approach has seen ample success in attracting new-age businesses and entrepreneurs. A new report by Crypto Oasis Ecosystem further solidifies UAE’s dominance in the web3 front. According to the report, the UAE houses over 1,450 active Web3 organizations. The report segregated the projects into native and non-native. Native projects are those which are based on native blockchain technologies. As per the report, 65% (950) of the projects are native, while the remaining 35% (500) are non-native. The report makes special mention of the Dubai Multi Commodities Centre (DMCC). The DMCC has registered over 460 native organizations, accounting for more than 50% of the total. Crypto Oasis Ecosystem states in its report, “To maintain this growth and successful environment, the Government of th...