Market Dynamics:

ProShares Trust Files Amendment for XRP Futures ETF

ProShares Trust recently submitted a registration amendment regarding the XRP series futures ETF to the SEC, which is expected to officially take effect on April 30.

The market generally believes that if this ETF is approved, it will be a positive recognition for Ripple (XRP) and may further boost investor confidence.

As a result of this news, the price of Ripple has risen by 3.5% in the past 24 hours, outperforming other mainstream cryptocurrencies during the same period.

Ethereum Gas Limit Increase Proposal Draws Attention

A researcher from the Ethereum Foundation has proposed a new plan to gradually increase the Gas limit of the Ethereum network by 100 times over the next four years.

If this plan is implemented, it could significantly enhance the scalability of the Ethereum network, which may be perceived by the market as a long-term positive.

However, this proposal still faces technical challenges and potential risks during its implementation, which could lead to short-term market volatility. Investors need to closely monitor subsequent developments.

Market Sentiment Stabilizes, Fed Interest Rate Policy Expectations Clarified

Latest data shows that the fear and greed index of the cryptocurrency market has dropped to 54 today, with sentiment shifting from 'greed' back to 'neutral'.

At the same time, market expectations for the Federal Reserve's May meeting have become more aligned, with the current probability of maintaining interest rates unchanged reaching as high as 90.3%.

This signal may lead investors to adopt a more cautious risk appetite, potentially suppressing the volatility of the cryptocurrency market in the short term. #ProSharesTrustXRPETF