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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
1) Market
BTC rebounds, altcoins rebound. The market's main focus is around PayFi (OKB, MNT)).
U.S. stocks fell, and the Federal Reserve's minutes were hawkish.
2) Market Hotspots:
1. The public chain coin OKB has risen to a new high, aiming to upgrade for global payments + RWA + DeFi public chain. X Layer is based on Polygon's zkEVM L2. TPS reaches 5000 (the Solana chain usually has 4000 TPS ), with gas fees close to 0). OK Pay defaults to using X Layer as the underlying settlement network, connecting to OKX's 60 million users. OKX is phasing out the outdated OKT based on Cosmos technology and concentrating resources on developing OKB. The meme coin Okay has surged. There might be a pump to create momentum before OKX goes public on the US stock market.
2. The bio of desci continues to rise, becoming a launch platform, and the v2 version has started staking for new listings.
3. Domestic public chain CFX rebounds, rumors that China is going to issue an official stablecoin.
4. The BSC chain base has surged, engaging in on-chain identity services, and the market expects that BN may provide support.
5. The stablecoin public chain plasma collaborates with bn for a savings airdrop. There may be speculative opportunities in the plasma chain ecosystem.