Here are some of the latest news and trends circulating around the crypto industry:
Recent Developments:
- *VanEck Files for BNB ETF*: VanEck has filed for a BNB ETF, making it the first asset manager to attempt listing an ETF holding the native token of Binance's BNB Chain.
- *Ripple Commits $25M to US School Nonprofits*: Ripple has pledged $25 million in Ripple USD (RLUSD) to support teachers, students, and innovation in education through nonprofits DonorsChoose and Teach For America.
- *Tether AI Platform to Support Bitcoin and USDT Payments*: Tether's AI platform will enable crypto payment support via a newly launched wallet development kit for self-custodial wallets for Bitcoin and Tether's USDt.
Market Trends
- *Bitcoin Investors' Expectations Evolve*: With 88% of Bitcoin's supply in profit below $95,000, investor expectations are shifting, and the $95,000 BTC resistance zone is being closely watched.
- *Crypto Funds See $2B Inflows*: Crypto ETPs saw $2 billion in inflows last week, with Bitcoin leading gains and BlackRock dominating activity.
- *XRP Price Risks 45% Decline*: XRP ledger activity has dropped sharply, increasing the downside prospects for XRP price to drop below the key $2 level.
Regulatory and Partnership News
- *Binance Co-Founder Proposes Bitcoin, BNB for Kyrgyzstan Reserves*: Binance co-founder CZ has proposed using Bitcoin and BNB for Kyrgyzstan's reserves, and the country has signed a memorandum of understanding with Binance to launch Binance Pay.
- *Cointelegraph and TheBlock Announce Strategic Media Partnership*: Cointelegraph has partnered with TheBlock to boost tokenization, compliance, and real-world asset adoption in the MENA region through joint events and coverage .