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XRP and SOL Futures Open Interest on CME Hits Record High

XRP and Solana futures have reached a record open interest on the Chicago Mercantile Exchange (CME), reflecting a strong appetite for these regulated crypto products. Open interest for both futures totaled around $3 billion, with 9,900 XRP and micro XRP contracts and 15,600 open positions in standard and micro SOL futures traded. The growing popularity of these contracts highlights an increasing demand from both retail and institutional investors seeking regulated exposure to digital assets. Solana futures were launched in March and surpassed $1 billion in open interest by August, while XRP futures reached this milestone just three months after their introduction. This trend signifies a shift towards using regulated futures as a means to manage risks and capitalize on the expanding cryptocurrency market, according to Tim McCourt, CME's Global Head of Equity & FX Products.

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Senators Introduce Bill to Ban AI Companions for Minors Over Mental Health Fears

A bipartisan group of U.S. senators has introduced the GUARD Act, targeting AI companions marketed to minors. The bill aims to criminalize exploitative AI interactions and mandates that chatbots disclose their non-human nature. The senators express concern over the mental health impacts of AI on minors, referring to the

BNB Slips 2.7% As Traders Focus on Technicals During Crypto Market Drawdown

BNB's price fell by 2.7% to $1,105 amid a broader decline in the cryptocurrency market, which dropped 1.8% in total. The downturn occurred despite a previous rise following BNB Chain's largest-ever quarterly token burn, which eliminated 1.44 million BNB from circulation, reducing

Investors Flock to MegaETH’s $450M Token Sale as Ethereum Founders-Backed Project Smashes Target

MegaETH, an Ethereum layer-2 project, raised an impressive $450 million during its token sale, surpassing its target by nearly nine times within hours of launch. The auction saw participation from over 14,000 investors, with 819 wallets maxing out at $186,000 each. The project is backed by Ethereum founders

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