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XRP Ledger’s Dual Utility Could Make It a Breakout ETF Play

Ripple’s XRP Ledger may have a unique advantage in the cryptocurrency ETF market due to its ability to support both payments and asset storage on the same platform, according to Luke Hoersten, CEO of Bitnomial. This dual utility positions XRP as an appealing asset for institutions looking for real-world applications beyond speculative uses. Amendments to SEC rules allow for the fast-tracking of spot XRP ETFs, with potential launches as early as mid-November. Recent strong performance of Bitwise’s Solana staking ETF suggests XRP could replicate this success, given its significant investor interest. Analysts believe XRP is positioned to outperform other crypto ETFs in the next investment cycle. Despite potential promises, experts caution that an ETF launch doesn’t guarantee a price surge. Nonetheless, the structural advantages and regulatory developments could enhance XRP's potential in the market.

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Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

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