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日渐富有

High-Frequency Trader
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#GENIUS稳定币法案 #GENIUS稳定币法案 The U.S. Senate passed the GENIUS Act by a vote of 68 in favor and 30 against, marking the first significant cryptocurrency legislation to pass the Senate in history. The bill has now been submitted to the House of Representatives, which will decide whether to advance its own version or adopt the Senate's bill. 💬 If the GENIUS Act becomes law, what impact do you think it will have on the crypto industry? What role will stablecoins play in the future of finance? #MyTradingStyle Every trader develops a unique trading style based on their personality, risk tolerance, and goals. Whether you are conservative or aggressive, your trading style will influence the strategies you adopt and your overall trading results. 💬 What is your unique trading style? Share your favorite strategies and why they suit you. 👉 Complete daily tasks in the task center to earn points: • Use #GENIUS稳定币法案 / #MyTradingStyle or $USDC coin pair tags
#GENIUS稳定币法案 #GENIUS稳定币法案
The U.S. Senate passed the GENIUS Act by a vote of 68 in favor and 30 against, marking the first significant cryptocurrency legislation to pass the Senate in history. The bill has now been submitted to the House of Representatives, which will decide whether to advance its own version or adopt the Senate's bill.
💬 If the GENIUS Act becomes law, what impact do you think it will have on the crypto industry? What role will stablecoins play in the future of finance?

#MyTradingStyle
Every trader develops a unique trading style based on their personality, risk tolerance, and goals. Whether you are conservative or aggressive, your trading style will influence the strategies you adopt and your overall trading results.
💬 What is your unique trading style? Share your favorite strategies and why they suit you.

👉 Complete daily tasks in the task center to earn points:
• Use #GENIUS稳定币法案 / #MyTradingStyle or $USDC coin pair tags
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I haven't checked in two days, and it was actually released. Does this mean I can continue to refresh it? 😂
I haven't checked in two days, and it was actually released. Does this mean I can continue to refresh it? 😂
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This airdrop of points has never been received, and it's about to qualify. Just going for this... I don't even know how it is judged? Besides the trading volume has slightly increased in the past two days, is that a violation of the rules? I'm really confused...
This airdrop of points has never been received, and it's about to qualify. Just going for this... I don't even know how it is judged? Besides the trading volume has slightly increased in the past two days, is that a violation of the rules? I'm really confused...
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Wow! This pokt just doubled right after I bought it...
Wow! This pokt just doubled right after I bought it...
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$NEIRO Let's try a short position.
$NEIRO Let's try a short position.
NEIROUSDT
Short
Closed
PNL (USDT)
+4.09
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After months of consolidation below $2000, Ethereum has finally broken through $2500, briefly touching this milestone before retreating to the $2470–2480 range. Bulls believe that with the momentum from ETFs and an increase in DeFi activities, ETH is poised for a significant rally. However, bears point out that there is strong resistance at $2500 and warn of a potential short-term pullback. 💬 Where do you think ETH will head next? Share your thoughts! 👉 Use the 95418939188 hashtag or the $ETH coin tag to create a post, or share your trader profile and insights to earn points! (Click “+” on the app homepage and enter the task center) Event time: 2025-05-11 06:00 (UTC) to 2025-05-12 06:00 (UTC) Points are awarded on a first-come, first-served basis, so make sure to claim your points every day!
After months of consolidation below $2000, Ethereum has finally broken through $2500, briefly touching this milestone before retreating to the $2470–2480 range. Bulls believe that with the momentum from ETFs and an increase in DeFi activities, ETH is poised for a significant rally. However, bears point out that there is strong resistance at $2500 and warn of a potential short-term pullback.
💬 Where do you think ETH will head next? Share your thoughts!
👉 Use the 95418939188 hashtag or the $ETH coin tag to create a post, or share your trader profile and insights to earn points!
(Click “+” on the app homepage and enter the task center)
Event time: 2025-05-11 06:00 (UTC) to 2025-05-12 06:00 (UTC)
Points are awarded on a first-come, first-served basis, so make sure to claim your points every day!
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According to a report by Golden Finance, and disclosed by Forbes reporter Eleanor Terrett, page 49 of the new market structure discussion draft from the House aims to clarify that transactions involving the sale of digital commodities do not constitute securities as long as the buyer does not receive ownership rights to the issuer's business, profits, or assets. In other words, if you buy and sell digital commodities on the secondary market rather than directly from the issuer, then unless that sale grants you some form of ownership or a claim to the company's profits or assets, it will not automatically trigger U.S. securities laws.
According to a report by Golden Finance, and disclosed by Forbes reporter Eleanor Terrett, page 49 of the new market structure discussion draft from the House aims to clarify that transactions involving the sale of digital commodities do not constitute securities as long as the buyer does not receive ownership rights to the issuer's business, profits, or assets. In other words, if you buy and sell digital commodities on the secondary market rather than directly from the issuer, then unless that sale grants you some form of ownership or a claim to the company's profits or assets, it will not automatically trigger U.S. securities laws.
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In 2023, the United States made significant strides in stablecoin regulation. On March 13, local time, the U.S. Senate Banking Committee passed the "Guidance and Establishment of the American Stablecoin National Innovation Act" (the "GENIUS Act") with a vote of 18 to 6, marking an important beginning for the bill's journey towards becoming law. This legislation will regulate stablecoin issuers at the federal level. The bill focuses on payment stablecoins and aims to create a clear regulatory framework that ensures transparency, accountability, and consumer rights, promoting their regulated use in the digital economy. The bill explicitly defines payment stablecoins as needing to be denominated in national currency, with issuers committing to redeem at a fixed amount, and not being classified as national currency or securities issued by investment companies. Issuance qualifications are strictly limited to approved subsidiaries of insured depository institutions and federally or state-certified non-bank payment stablecoin issuers. Issuers must hold 100% reserve assets, covering U.S. dollar cash, Federal Reserve Bank deposits, short-term U.S. Treasury securities, and more. They are required to publish monthly reserve composition reports audited by an independent accounting firm, with written certification from the CEO and CFO. In terms of custodianship, only financial institutions regulated by federal or state authorities may provide services, prioritizing customer assets and prohibiting their inclusion in the issuer's balance sheet. Regulatory violations may result in disqualification, cease and desist orders, civil fines, or even criminal penalties.
In 2023, the United States made significant strides in stablecoin regulation. On March 13, local time, the U.S. Senate Banking Committee passed the "Guidance and Establishment of the American Stablecoin National Innovation Act" (the "GENIUS Act") with a vote of 18 to 6, marking an important beginning for the bill's journey towards becoming law. This legislation will regulate stablecoin issuers at the federal level. The bill focuses on payment stablecoins and aims to create a clear regulatory framework that ensures transparency, accountability, and consumer rights, promoting their regulated use in the digital economy. The bill explicitly defines payment stablecoins as needing to be denominated in national currency, with issuers committing to redeem at a fixed amount, and not being classified as national currency or securities issued by investment companies. Issuance qualifications are strictly limited to approved subsidiaries of insured depository institutions and federally or state-certified non-bank payment stablecoin issuers. Issuers must hold 100% reserve assets, covering U.S. dollar cash, Federal Reserve Bank deposits, short-term U.S. Treasury securities, and more. They are required to publish monthly reserve composition reports audited by an independent accounting firm, with written certification from the CEO and CFO. In terms of custodianship, only financial institutions regulated by federal or state authorities may provide services, prioritizing customer assets and prohibiting their inclusion in the issuer's balance sheet. Regulatory violations may result in disqualification, cease and desist orders, civil fines, or even criminal penalties.
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#数字资产法案 #数字资产法案 As House Republicans in the U.S. prepare to release a new cryptocurrency regulatory proposal ahead of an important hearing on May 6, the crypto market once again becomes the focus of global attention. This legislation aims to clarify the U.S. regulatory approach to the cryptocurrency market, stablecoins, and digital assets, providing the industry with a more defined legal framework. For years, the legal gray area surrounding digital assets has left investors and developers in a state of uncertainty, inhibiting institutional entry on one hand while increasing compliance costs for innovative companies on the other. The release of this proposal may become a key step in promoting the compliance development of the entire crypto industry.
#数字资产法案 #数字资产法案 As House Republicans in the U.S. prepare to release a new cryptocurrency regulatory proposal ahead of an important hearing on May 6, the crypto market once again becomes the focus of global attention. This legislation aims to clarify the U.S. regulatory approach to the cryptocurrency market, stablecoins, and digital assets, providing the industry with a more defined legal framework.
For years, the legal gray area surrounding digital assets has left investors and developers in a state of uncertainty, inhibiting institutional entry on one hand while increasing compliance costs for innovative companies on the other. The release of this proposal may become a key step in promoting the compliance development of the entire crypto industry.
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#稳定币日常支付 Visa has partnered with Bridge to launch a stablecoin-backed card in Latin America, enabling users to use stablecoins for everyday transactions at over 150 million merchants that accept Visa. This initiative follows Mastercard's recent efforts to integrate stablecoin payments globally through partnerships with Circle, Paxos, and Nuvei. 💬 Is this a significant breakthrough for cryptocurrency's mainstream adoption? How do you think stablecoin-backed cards will shape the future of everyday payments? 👉 Use the hashtag #稳定币日常支付 or the $USDC coin pair tag to create posts, or share your trader profile and insights to earn points! (Click “+” on the app homepage and enter the task center) Event duration: 2025-05-01 06:00 (UTC) to 2025-05-02 06:00 (UTC) Point rewards are first come, first served, so be sure to claim your points every day!
#稳定币日常支付 Visa has partnered with Bridge to launch a stablecoin-backed card in Latin America, enabling users to use stablecoins for everyday transactions at over 150 million merchants that accept Visa. This initiative follows Mastercard's recent efforts to integrate stablecoin payments globally through partnerships with Circle, Paxos, and Nuvei.
💬 Is this a significant breakthrough for cryptocurrency's mainstream adoption? How do you think stablecoin-backed cards will shape the future of everyday payments?
👉 Use the hashtag #稳定币日常支付 or the $USDC coin pair tag to create posts, or share your trader profile and insights to earn points!
(Click “+” on the app homepage and enter the task center)
Event duration: 2025-05-01 06:00 (UTC) to 2025-05-02 06:00 (UTC)
Point rewards are first come, first served, so be sure to claim your points every day!
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$HIGH is a bit of a dog, the trend clearly indicates a rise, bought some but it's just sideways and not increasing...
$HIGH is a bit of a dog, the trend clearly indicates a rise, bought some but it's just sideways and not increasing...
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#空投操作全指南 🪂 #空投操作全指南 — Take everyone through the complete airdrop process you have participated in, including task steps and practical tips. Receiving airdrops may not be as simple as it seems. Some airdrops require completing social tasks, participating in testnet interactions, or executing multiple steps. Through #空投操作全指南 , guide others step by step in completing the airdrop you have successfully claimed. 💬 Your post can include: · Introduction to the airdrop project (What is it about?) · Steps to complete the eligibility tasks (e.g., connect wallet, participate in testnet, perform tasks, etc.) · Detailed process for each step · Tips or important notes (such as "Need testnet ETH" or "Gas fees are high") · Rewards you have received or expect to receive 💡 Tip: Use screenshots or screen recordings to demonstrate your process! 🚫 Note: Please ensure all links are restricted to the platform; external links are not allowed. 👉 Use #空投操作全指南 to post, share your experiences, earn Binance points, and complete all 3 activity themes to qualify for the 1 BNB reward pool! (Click "+" on the app homepage to enter the task center)
#空投操作全指南 🪂 #空投操作全指南 — Take everyone through the complete airdrop process you have participated in, including task steps and practical tips.
Receiving airdrops may not be as simple as it seems. Some airdrops require completing social tasks, participating in testnet interactions, or executing multiple steps. Through #空投操作全指南 , guide others step by step in completing the airdrop you have successfully claimed.
💬 Your post can include:
· Introduction to the airdrop project (What is it about?)
· Steps to complete the eligibility tasks (e.g., connect wallet, participate in testnet, perform tasks, etc.)
· Detailed process for each step
· Tips or important notes (such as "Need testnet ETH" or "Gas fees are high")
· Rewards you have received or expect to receive
💡 Tip: Use screenshots or screen recordings to demonstrate your process!
🚫 Note: Please ensure all links are restricted to the platform; external links are not allowed.
👉 Use #空投操作全指南 to post, share your experiences, earn Binance points, and complete all 3 activity themes to qualify for the 1 BNB reward pool!
(Click "+" on the app homepage to enter the task center)
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#阿布扎比稳定币 #阿布扎比稳定币 Abu Dhabi positions stablecoins as the core infrastructure of the digital economy through policy support, sovereign fund cooperation, and international projects. Its goal is not only to enhance financial inclusion but also to compete for discourse power in the global cryptocurrency space. However, market concentration risk and global regulatory coordination remain long-term challenges. If successful, the UAE may become the 'Crypto Switzerland' connecting traditional finance with the Web3 ecosystem. The development of stablecoins in Abu Dhabi may drive the following trends: Regional financial integration: The Dirham stablecoin may become the preferred choice for cross-border payments in the Middle East, North Africa, and South Asia, reducing reliance on the SWIFT system. Central Bank Digital Currency (CBDC) collaboration: The Central Bank of the UAE has granted in-principle approval for the Dirham stablecoin, which may complement the CBDC in the future, strengthening digital financial infrastructure. Intensified global competition: Countries such as Russia and Singapore are also exploring their own stablecoins, and the UAE's first-mover advantage may lead a new wave of 'de-dollarization'.
#阿布扎比稳定币 #阿布扎比稳定币 Abu Dhabi positions stablecoins as the core infrastructure of the digital economy through policy support, sovereign fund cooperation, and international projects. Its goal is not only to enhance financial inclusion but also to compete for discourse power in the global cryptocurrency space. However, market concentration risk and global regulatory coordination remain long-term challenges. If successful, the UAE may become the 'Crypto Switzerland' connecting traditional finance with the Web3 ecosystem. The development of stablecoins in Abu Dhabi may drive the following trends:
Regional financial integration: The Dirham stablecoin may become the preferred choice for cross-border payments in the Middle East, North Africa, and South Asia, reducing reliance on the SWIFT system.
Central Bank Digital Currency (CBDC) collaboration: The Central Bank of the UAE has granted in-principle approval for the Dirham stablecoin, which may complement the CBDC in the future, strengthening digital financial infrastructure.
Intensified global competition: Countries such as Russia and Singapore are also exploring their own stablecoins, and the UAE's first-mover advantage may lead a new wave of 'de-dollarization'.
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#亚利桑那比特币储备 #亚利桑那比特币储备 Arizona has passed the 'Strategic Bitcoin Reserve Act', authorizing the state treasury and pension funds to allocate up to 10% of available funds to Bitcoin and other digital assets. If this bill is signed into law, Arizona will become the first state in the U.S. to legally invest public funds in Bitcoin. 💬 What are your thoughts on states holding Bitcoin? Will this set a precedent for other states to follow? Share your thoughts! #AbuDhabiStablecoin ADQ, IHC, and First Abu Dhabi Bank in Abu Dhabi are launching a stablecoin backed by dirhams, which is fully regulated by the Central Bank of the UAE. This move is part of a broader national strategy to accelerate the growth of the digital asset economy in the region. 💬 How do you think government-backed stablecoins will shape the future of cryptocurrency and global payments? Share your views! 👉 Use the hashtag #亚利桑那比特币储备 / #AbuDhabiStablecoin, or the $BTC coin pair tag to create posts, or share your trader profile and insights to earn points! (Click '+' on the app's homepage and enter the task center) Event time: 2025-04-29 06:00 (UTC) to 2025-04-30 06:00 (UTC) Points rewards are first come, first served, so be sure to claim your points every day!
#亚利桑那比特币储备 #亚利桑那比特币储备
Arizona has passed the 'Strategic Bitcoin Reserve Act', authorizing the state treasury and pension funds to allocate up to 10% of available funds to Bitcoin and other digital assets. If this bill is signed into law, Arizona will become the first state in the U.S. to legally invest public funds in Bitcoin.
💬 What are your thoughts on states holding Bitcoin? Will this set a precedent for other states to follow? Share your thoughts!

#AbuDhabiStablecoin
ADQ, IHC, and First Abu Dhabi Bank in Abu Dhabi are launching a stablecoin backed by dirhams, which is fully regulated by the Central Bank of the UAE. This move is part of a broader national strategy to accelerate the growth of the digital asset economy in the region.
💬 How do you think government-backed stablecoins will shape the future of cryptocurrency and global payments? Share your views!

👉 Use the hashtag #亚利桑那比特币储备 / #AbuDhabiStablecoin, or the $BTC coin pair tag to create posts, or share your trader profile and insights to earn points!
(Click '+' on the app's homepage and enter the task center)
Event time: 2025-04-29 06:00 (UTC) to 2025-04-30 06:00 (UTC)
Points rewards are first come, first served, so be sure to claim your points every day!
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Will this thing possibly be listed on an exchange? There seem to be quite a few holders.
Will this thing possibly be listed on an exchange? There seem to be quite a few holders.
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#空投发现指南 🪂 #空投发现指南 - How to Find Quality Airdrops? Share Your Discovery Methods, Evaluation Criteria, and Recent Cases Finding quality airdrops can be tricky. Whether it's tracking ecosystems, monitoring Twitter, or using specific tools, everyone has their own methods. Use #空投发现指南 to share your process for identifying high-quality, legitimate airdrops, helping the community avoid wasting time on low-value or high-risk airdrops. 💬 Your post can include: · Where you usually find airdrops (platforms, search terms, tools) · The filters or criteria you use to judge quality (e.g., strong team, useful tokens, active community) · Share a recent airdrop you discovered and why it stands out 💡 Tip: Use tutorial-style guides, screenshots, bullet points, or checklists to showcase your personal process! 🚫 Reminder: Please keep links within the square; external links are not allowed. 👉 Use #空投发现指南 to post and share your insights to earn Binance points, and complete all 3 activity topics to qualify for a 1 BNB reward pool! (Press “+” on the app home page and click on Task Center)
#空投发现指南 🪂 #空投发现指南 - How to Find Quality Airdrops? Share Your Discovery Methods, Evaluation Criteria, and Recent Cases
Finding quality airdrops can be tricky. Whether it's tracking ecosystems, monitoring Twitter, or using specific tools, everyone has their own methods. Use #空投发现指南 to share your process for identifying high-quality, legitimate airdrops, helping the community avoid wasting time on low-value or high-risk airdrops.
💬 Your post can include:
· Where you usually find airdrops (platforms, search terms, tools)
· The filters or criteria you use to judge quality (e.g., strong team, useful tokens, active community)
· Share a recent airdrop you discovered and why it stands out
💡 Tip: Use tutorial-style guides, screenshots, bullet points, or checklists to showcase your personal process!
🚫 Reminder: Please keep links within the square; external links are not allowed.
👉 Use #空投发现指南 to post and share your insights to earn Binance points, and complete all 3 activity topics to qualify for a 1 BNB reward pool!
(Press “+” on the app home page and click on Task Center)
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#特朗普税改 President Trump stated that once the new tariff system is fully implemented, the U.S. may significantly reduce or even eliminate federal income tax. This proposal could reshape the economic landscape and spark debates around inflation, government spending, and the role of alternative assets like Bitcoin. 💬 How do you think this will affect the crypto market and the broader economy? Are you bullish or bearish? Share your thoughts! 👉 Use the #特朗普税改 hashtag, or the $BTC coin pair tag to create a post, or share your trader profile and insights to earn points! (Click “+” on the app homepage and enter the task center) Event time: 2025-04-28 06:00 (UTC) to 2025-04-29 06:00 (UTC) Points rewards are first come, first served, so make sure to claim your points every day!
#特朗普税改 President Trump stated that once the new tariff system is fully implemented, the U.S. may significantly reduce or even eliminate federal income tax. This proposal could reshape the economic landscape and spark debates around inflation, government spending, and the role of alternative assets like Bitcoin.
💬 How do you think this will affect the crypto market and the broader economy? Are you bullish or bearish? Share your thoughts!
👉 Use the #特朗普税改 hashtag, or the $BTC coin pair tag to create a post, or share your trader profile and insights to earn points!
(Click “+” on the app homepage and enter the task center)
Event time: 2025-04-28 06:00 (UTC) to 2025-04-29 06:00 (UTC)
Points rewards are first come, first served, so make sure to claim your points every day!
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#XRPETF #XRPETF As of Sunday, April 27, 2025, the situation regarding XRP ETFs is evolving, with significant developments in the United States and globally: **Key Developments:** * **Brazil Launches First Spot XRP ETF**: The Brazil B3 Stock Exchange launched the world's first spot XRP ETF on April 25, 2025, with the stock symbol **XRPH11**, marking a groundbreaking initiative. This ETF is managed by Hashdex and overseen by Genial Investimentos, tracking the Nasdaq XRP Reference Price Index, and investing at least 95% of its net assets in XRP. This represents an important milestone for XRP, providing Brazilian investors with regulated and secure access. * **ProShares to Launch XRP Futures ETFs in the U.S.:** ProShares will launch three XRP futures ETFs on **Wednesday, April 30, 2025**. These ETFs (UltraShort XRP ETF, Ultra XRP ETF, and Short XRP ETF) will offer U.S. investors the opportunity to understand XRP price trends without directly holding it. While futures ETFs are different from spot ETFs, they indicate that regulators are increasingly accepting XRP as an asset class. * **U.S. Securities and Exchange Commission Still Reviewing Spot XRP ETF Applications:** Despite the positive developments in Brazil and the upcoming U.S. futures ETFs, the U.S. Securities and Exchange Commission (SEC) has not yet approved any spot XRP ETFs. Applications from companies like Grayscale and Franklin Templeton are under review. * **Optimism for Approval of U.S. Spot XRP ETF:** Following Ripple's partial victory in its lawsuit against the SEC and the subsequent abandonment of the appeal by the SEC, there is growing optimism about the eventual approval of a spot XRP ETF in the U.S. Bloomberg ETF analysts have noted that the approval of spot Solana and XRP ETFs in the U.S. seems “inevitable.” * **BlackRock's Position:** Although other companies have applied for spot XRP ETFs in the U.S., the world's largest asset management firm, BlackRock, has yet to take such action. Analysts suggest they might wait for ongoing institutional demand and further regulatory clarity before entering the XRP ETF market. * **Potential Market Impact:** Analysts predict that the approval of spot XRP ETFs in major markets like the U.S. could attract a significant influx of capital, potentially driving up the price of XRP.
#XRPETF #XRPETF
As of Sunday, April 27, 2025, the situation regarding XRP ETFs is evolving, with significant developments in the United States and globally:
**Key Developments:**
* **Brazil Launches First Spot XRP ETF**: The Brazil B3 Stock Exchange launched the world's first spot XRP ETF on April 25, 2025, with the stock symbol **XRPH11**, marking a groundbreaking initiative. This ETF is managed by Hashdex and overseen by Genial Investimentos, tracking the Nasdaq XRP Reference Price Index, and investing at least 95% of its net assets in XRP. This represents an important milestone for XRP, providing Brazilian investors with regulated and secure access.
* **ProShares to Launch XRP Futures ETFs in the U.S.:** ProShares will launch three XRP futures ETFs on **Wednesday, April 30, 2025**. These ETFs (UltraShort XRP ETF, Ultra XRP ETF, and Short XRP ETF) will offer U.S. investors the opportunity to understand XRP price trends without directly holding it. While futures ETFs are different from spot ETFs, they indicate that regulators are increasingly accepting XRP as an asset class.
* **U.S. Securities and Exchange Commission Still Reviewing Spot XRP ETF Applications:** Despite the positive developments in Brazil and the upcoming U.S. futures ETFs, the U.S. Securities and Exchange Commission (SEC) has not yet approved any spot XRP ETFs. Applications from companies like Grayscale and Franklin Templeton are under review.
* **Optimism for Approval of U.S. Spot XRP ETF:** Following Ripple's partial victory in its lawsuit against the SEC and the subsequent abandonment of the appeal by the SEC, there is growing optimism about the eventual approval of a spot XRP ETF in the U.S. Bloomberg ETF analysts have noted that the approval of spot Solana and XRP ETFs in the U.S. seems “inevitable.”
* **BlackRock's Position:** Although other companies have applied for spot XRP ETFs in the U.S., the world's largest asset management firm, BlackRock, has yet to take such action. Analysts suggest they might wait for ongoing institutional demand and further regulatory clarity before entering the XRP ETF market.
* **Potential Market Impact:** Analysts predict that the approval of spot XRP ETFs in major markets like the U.S. could attract a significant influx of capital, potentially driving up the price of XRP.
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#XRPETF #XRPETF XRP ETF is an exchange-traded fund that uses XRP as its underlying asset. Below is a detailed introduction to it: Definition and Operating Principle • XRP ETF is a financial product that holds XRP as the underlying asset and issues fund shares. Investors can purchase shares and trade them in the secondary market like stocks, thereby indirectly obtaining exposure to XRP price fluctuations without needing to directly purchase, store, or manage XRP. • Its price is primarily determined by the value of XRP but is also influenced by factors such as the fund's net asset value (NAV), which is calculated by dividing the total value of XRP held by the fund by the number of ETF shares outstanding, providing a benchmark for the market price of the ETF. • When the market price of the ETF shares is higher than the NAV, authorized participants (AP) can buy XRP and redeem it for ETF shares with the fund, then sell these shares in the market at a premium; conversely, when the price of the ETF shares is lower than the NAV, AP buys ETF shares and redeems them for XRP, then sells XRP in the market. This arbitrage mechanism keeps the ETF price consistent with the NAV. Features • Price Tracking: Aims to accurately reflect the price trends of XRP as closely as possible, usually achieved through actual holdings of XRP or by using derivatives linked to the value of XRP. • Trading Convenience: Unlike directly purchasing XRP on cryptocurrency exchanges, shares of XRP ETF can be bought and sold on traditional securities exchanges during regular market trading hours, without the need for investors to register for additional cryptocurrency exchange accounts. • Regulatory Compliance: Must comply with the regulations of financial regulatory agencies, such as obtaining approval from regulators like the SEC in the United States. This provides a certain level of protection for investors and increases transparency and trust in the market. • Institutional Investment Potential: Provides institutional investors with an indirect way to participate in XRP investments, allowing them to engage in XRP ETF even if they cannot hold cryptocurrencies directly due to internal policies or regulatory restrictions. Advantages • Lower Barriers: For ordinary investors, directly investing in XRP requires knowledge of relevant technology and market conditions, as well as bearing the security risks associated with cryptocurrency storage and trading. XRP ETF lowers these requirements, enabling more investors to participate in XRP investments.
#XRPETF #XRPETF XRP ETF is an exchange-traded fund that uses XRP as its underlying asset. Below is a detailed introduction to it:
Definition and Operating Principle
• XRP ETF is a financial product that holds XRP as the underlying asset and issues fund shares. Investors can purchase shares and trade them in the secondary market like stocks, thereby indirectly obtaining exposure to XRP price fluctuations without needing to directly purchase, store, or manage XRP.
• Its price is primarily determined by the value of XRP but is also influenced by factors such as the fund's net asset value (NAV), which is calculated by dividing the total value of XRP held by the fund by the number of ETF shares outstanding, providing a benchmark for the market price of the ETF.
• When the market price of the ETF shares is higher than the NAV, authorized participants (AP) can buy XRP and redeem it for ETF shares with the fund, then sell these shares in the market at a premium; conversely, when the price of the ETF shares is lower than the NAV, AP buys ETF shares and redeems them for XRP, then sells XRP in the market. This arbitrage mechanism keeps the ETF price consistent with the NAV.
Features
• Price Tracking: Aims to accurately reflect the price trends of XRP as closely as possible, usually achieved through actual holdings of XRP or by using derivatives linked to the value of XRP.
• Trading Convenience: Unlike directly purchasing XRP on cryptocurrency exchanges, shares of XRP ETF can be bought and sold on traditional securities exchanges during regular market trading hours, without the need for investors to register for additional cryptocurrency exchange accounts.
• Regulatory Compliance: Must comply with the regulations of financial regulatory agencies, such as obtaining approval from regulators like the SEC in the United States. This provides a certain level of protection for investors and increases transparency and trust in the market.
• Institutional Investment Potential: Provides institutional investors with an indirect way to participate in XRP investments, allowing them to engage in XRP ETF even if they cannot hold cryptocurrencies directly due to internal policies or regulatory restrictions.
Advantages
• Lower Barriers: For ordinary investors, directly investing in XRP requires knowledge of relevant technology and market conditions, as well as bearing the security risks associated with cryptocurrency storage and trading. XRP ETF lowers these requirements, enabling more investors to participate in XRP investments.
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In the past few days, I have faced another liquidation. Over the past few years, I have lost hundreds of thousands, both big and small. If I didn't trade contracts, life would actually be pretty good. Stay away from contracts! Only trade spot; if I trade contracts again, I'll cut my hands off and enter a permanent cooling-off period..
In the past few days, I have faced another liquidation. Over the past few years, I have lost hundreds of thousands, both big and small. If I didn't trade contracts, life would actually be pretty good. Stay away from contracts! Only trade spot; if I trade contracts again, I'll cut my hands off and enter a permanent cooling-off period..
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