Market Dynamics:
ProShares Trust Submits Amendment for XRP Futures ETF
Recently, ProShares Trust submitted a registration amendment for the XRP series futures ETF to the SEC, which is expected to officially take effect on April 30.
The market generally believes that if the ETF is approved, it will be a positive recognition for Ripple (XRP), potentially further boosting investor confidence.
As a result of this news, the price of Ripple has increased by 3.5% in the past 24 hours, outperforming other mainstream cryptocurrencies during the same period.
Ethereum Gas Cap Increase Proposal Attracts Attention
An Ethereum Foundation researcher proposed a new proposal to gradually increase the Gas cap 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 would be viewed as a long-term positive by the market.
However, this proposal still faces technical challenges and potential risks during its implementation, which could lead to short-term market fluctuations. Investors need to closely monitor subsequent developments.
Market Sentiment Stabilizes, Federal Reserve Rate Policy Expectations Clarified
Latest data shows that today's cryptocurrency market Fear and Greed Index has dropped to 54, with sentiment shifting from 'Greed' back to 'Neutral'.
At the same time, market expectations for the Federal Reserve's May meeting have become more unified, with the probability of maintaining the current interest rate as high as 90.3%.
This signal may lead to a more cautious risk appetite among investors, potentially suppressing the volatility of the cryptocurrency market in the short term.
