š„ Nike is under fire as a group of investors files a class-action lawsuit in Brooklyn federal court, alleging the company hyped its RTFKT NFT project to attract investment ā only to abruptly shut down the platform, causing significant financial losses.
āļø The lawsuit claims damages exceeding $5 million, highlighting growing legal risks in the intersection of major brands and Web3 initiatives.
š Bitcoin price is hovering near $95K, eyeing a retest of $100K!
š Interestingly, Norges Bank Investment Management, which deemed $BTC "risky" and favored "safe" US tech stocks, just reported a $40 BILLION loss in Q1 2025.
š§š· Brazil Launches World's First $XRP Spot ETF - Will the US Follow Suit?
š A significant milestone for XRP and the crypto market as Hashdex launches the world's first XRP spot ETF (XRPH11) on Brazil's B3 exchange.
š This regulated investment vehicle tracks the Nasdaq XRP Reference Price Index, offering investors in Brazil direct exposure to XRP. Ā
š Interestingly, this landmark launch occurs outside the United States, where Ripple is headquartered and where similar ETF applications await SEC approval.
š This move by Brazil raises the question: Will the US follow and open the door for XRP ETFs?