NFT News Daily Offcial TheBitTimes.com

Summary ⚈ XRP price jumped 8% ahead of ProShares’ April 30 launch of three XRP futures ETFs. ⚈ ProShares’ ETFs will offer options for gains, declines, and 2x leverage, with launch pending exchange readiness. ⚈ Optimism grows after Ripple’s SEC win, boosting hopes for future spot ETF approvals. XRP bulls are driving the cryptocurrency’s short-term momentum ahead of the launch of ProShares’ XRP futures exchange-traded funds (ETFs) on Wednesday, April 30. XRP was up 8% at press time, trading at $2.33, driven by sustained capital inflows that have pushed its market capitalization to $136.44 billion, a $9.44 billion increase in a day. Over the past week, the digital asset has gained 10%. XRP seven-day price chart. Source: Finbold The increased buying pressure is pushing XRP toward overbought territory, considering the asset’s relative strength index (RSI) stands at 59.  Meanwhile, XRP’s short- and long-term outlo...

Coinbase CEO Brian Armstrong says that the crypto exchange will need to rethink how it lists new coins for trading given the never-ending stream of new tokens being created. Posting on the social media platform X, Armstrong says there are too many coins do conduct proper evaluation and that applying regulatory clarity to them on an individual basis is now “totally infeasible.” “We need to rethink our listing process at Coinbase given there are ~1 million tokens a week being created now and growing. High-quality problem to have, but evaluating each one by one is no longer feasible. And regulators need to understand that applying for approval for each one is totally infeasible at this point as well (they can’t do 1 million a week). It needs to move from an allow list to a block list and utilize customer reviews/automated scans of on-chain data etc. to help customers sift through. That and we’ll continue integrating native DEX (decentra...