CryptoBlog n.2249
Grayscale is launching the first U.S. XRP trust, giving accredited investors direct exposure to XRP. While different from an ETF, the trust could potentially convert into one with SEC approval, following Grayscale's successful Bitcoin and Ethereum ETF launches.
CryptoBlog n.2248
🇯🇵 Ripple CEO: Japan's Leaders Committed to Advancing Crypto and Blockchain Technology Ripple CEO Brad Garlinghouse discussed Japan’s potential in blockchain technology with Japanese lawmaker Taira Masaaki during XRP Community Day. Garlinghouse praised Japan’s commitment to advancing crypto, highlighting the country’s “clear frameworks and constructive policy” that encourage innovation while ensuring consumer protection. Taira, a Web3 and AI advocate in Japan’s House of Representatives, noted that the meeting focused on maximizing Japan’s capabilities through blockchain.
CryptoBlog n.2247
Chainalysis data shows that payments in Singapore using stablecoin reached a record high of almost $1bn in Q2, doubling Q1 numbers, led by transactions at merchant outlets.
CryptoBlog n.2246
🖼 2024 Report Finds 96% of NFTs Declared ‘Dead’ Amid Market Instability A recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered “dead.” The analysis highlights the high unprofitability rate among holders and the fleeting lifespan of most NFTs. As highlighted in nftevening.com’s 2024 report, the once-celebrated future of digital ownership, the NFT market, is currently grappling with significant hurdles. The report scrutinized over 5,000 NFT collections and around 5 million transactions to assess the present state of the market.