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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,
SafeMoon CEO sentenced for fraud and Money Laundering, FBI launches victim investigation
[Coin World] A federal jury found SafeMoon CEO Braden John Karony guilty of fraud and money laundering, prompting the FBI to begin searching for defrauded investors. The FBI has launched a victim questionnaire to support compensation and determine the scope of the fraud. Karony and his co-founder misappropriated over $200 million from the liquidity pool, despite claiming the funds were locked. Legal experts point out that this case sets a precedent for DeFi projects facing enforcement like traditional securities, although token price fluctuation and tracking difficulties complicate compensation. The ruling underscores the need for transparency and safeguards in tokenomics.