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SEC Poised to Approve XRP and LTC Spot ETFs This Year with 95% Probability FOX Business reporter Eleanor Terrett has revealed that Bloomberg ETF analysts James Seyffart and Eric Balchunas estimate a 95% likelihood of the U.S. SEC approving spot ETFs for XRP and Litecoin (LTC) in 2024. This follows growing institutional momentum for crypto ETFs, including the upcoming launch of a stakeable Solana ETF by REX-Osprey this Wednesday. Key Takeaways: Regulatory Shift: The SEC’s softening stance on crypto ETFs—after approving Bitcoin and Ethereum funds—suggests XRP and LTC could be next, given their regulatory clarity and market demand. Market Impact: Approval could trigger institutional inflows into these assets, with XRP benefiting from its legal clarity post-SEC case and LTC as a proven payments-focused blockchain. Broader Trend: The potential Solana staking ETF (first of its kind) and now XRP/LTC ETFs signal accelerating mainstream crypto adoption via regulated products. Why It Matters If approved, these ETFs would further legitimize altcoins as investment-grade assets, potentially reshaping portfolio strategies. Analysts warn, however, that SEC delays or political shifts could still pose risks—though current odds appear overwhelmingly favorable. #SEC #TRUMP #etf $XRP
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In a significant move challenging the federal monetary system, Texas Governor Greg Abbott has signed a law recognizing gold and silver as legal tender for daily financial transactions. This groundbreaking legislation positions Texas as a pioneer in monetary sovereignty, allowing residents to use precious metals as currency alongside the U.S. dollar. Key Implications Monetary Independence: The law enables Texans to conduct transactions, pay debts, and settle contracts using physical gold/silver or state-backed digital certificates, reducing reliance on fiat currency. Inflation Hedge: Amid rising economic uncertainty, this measure offers citizens a stable alternative to the dollar, which has lost over 90% of its purchasing power since 1971. Blockchain Synergy: The state may integrate gold-backed digital tokens (like Texas Bullion Depository’s proposed systems) with blockchain for verifiable, frictionless transactions. Broader Context Texas follows Utah and Wyoming in adopting precious metals as legal tender, signaling a growing state-level pushback against centralized monetary policy. Critics argue this could complicate tax reporting, while proponents hail it as a step toward sound money revival. The move may also pressure other states to explore similar measures, potentially reshaping America’s financial landscape.
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REX Shares to Launch First U.S. Solana Staking ETF REX Shares has announced the upcoming launch of the "REX-Osprey SOL+Staking ETF", a groundbreaking fund designed to track Solana’s performance while generating yield through on-chain staking. If approved, this would mark the first U.S. cryptocurrency staking ETF, offering investors exposure to SOL’s price movements plus passive staking rewards. Key Details: SEC Approval Pending: While the SEC has not yet officially commented, Bloomberg ETF analyst Eric Balchunas noted that the regulator appears ready for launch. Expanding Crypto ETF Offerings: REX Shares and Osprey Funds previously filed for Ethereum and Solana staking ETFs, signaling growing institutional interest in crypto yield products. Market Implications: A successful launch could pave the way for more staking-based ETFs, further bridging traditional finance and blockchain. This development highlights the increasing demand for regulated crypto investment vehicles, potentially accelerating mainstream adoption of staking mechanisms.
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U.S. Threatens Reciprocal Tariffs on 20 Nations in Trade Policy Shift U.S. Treasury Secretary Besant announced on June 28 potential reciprocal tariffs targeting 20 trading partners, marking a significant escalation in global trade tensions. Key Details • Tariff Framework: Baseline 10% rate for nations in "good faith" negotiations Potential higher retaliatory tariffs for non-cooperative countries • Scope: Affects $850B+ in annual imports (2023 trade data) • Timing: Final list expected by August 15 Market Implications 📉 Supply Chain Risks: Auto/tech sectors most exposed 🌍 Targets Likely Include: China, EU, Vietnam, Mexico 💰 Currency Markets: USD index up 0.8% on safe-haven flows Strategic Context: Follows Trump-era Section 301 tariff reviews Aims to pressure manufacturing reshoring Comes as global trade growth slows to 1.7% (WTO forecast) "This weaponizes tariff policy as never before" — Trade analyst$BNB
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Expert Expected to Cut Rates 1-2 Times in H2, New Policy Tools in Pipeline Chinese economists anticipate further monetary easing in the second half of 2025, with 1-2 interest rate cuts totaling 20-30 basis points to support domestic demand and stabilize foreign trade amid global uncertainties, according to industry experts139. Key Policy Expectations Rate Cuts: 20-30 bps reduction in policy rates to guide LPR (loan prime rate) lower Aims to lower borrowing costs for businesses and households Follows May’s 10 bps cut in both 1-year and 5-year LPR59 New Policy Financial Tools: Pilot program allowing policy banks to issue financial bonds Funds to support tech innovation, foreign trade via equity investments Estimated ¥500B–¥1T in funding this year139 Market & Economic Context External Pressures: U.S. tariff hikes and Fed policy shifts weigh on China’s trade outlook7 Domestic Needs: Weak property market and subdued consumption require stimulus5 Banking Sector: Net interest margins at 1.43% (Q1 2025), limiting aggressive rate cuts5 Next Steps: Further RRR cuts possible (current avg. 6.2%)59 Structural tools like tech re-lending quotas may expand9 "Policy must balance growth support with financial stability" — Analysts warn against over-reliance on rate cuts alone59.
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