Coindesk

Exchange-traded funds (ETF) issuer ProShares will introduce three XRP-tracked products this week after a tacit U.S. Securities and Exchange Commission (SEC) approval.It will launch an Ultra XRP ETF (2x leverage), a Short XRP ETF and an Ultra Short XRP ETF (-2x leverage), filings show. Its spot XRP approval stays hanging, however. The SEC has acknowledged several XRP spot ETF applications so far, with fund manager Grayscale’s filing facing a critical May 22 deadline.ProShares’ approvals come weeks after Teucrium’s 2x XRP ETF started trading earlier this month, becoming the first XRP ETF in the U.S. It racked over $5 million in trading volumes on the first day, becoming the firm’s “most successful” launch to date.Last week, the CME Group added XRP...

April has been a month of extreme volatility and tumultuous times for traders.From conflicting headlines about President Donald Trump's tariffs against other nations to total confusion about which assets to seek shelter in, it has been one for the record books. Amid all the confusion, when traditional "haven assets" failed to act as safe places to park money, one bright spot emerged that might have surprised some market participants: bitcoin. "Historically, cash (the US dollar), bonds (US Treasuries), the Swiss Franc, and gold have fulfilled that role , with bitcoin edging in on some of that territory," said NYDIG Research in a note. NYDIG's data showed that while gold and Swiss Franc had been consistent safe-haven winners, since 'Liberation Day'—when...

TRUMP, the memecoin tied to U.S. President Donald Trump, is up about 16% in the last 24 hours, even as Democratic lawmakers cite the president’s involvement with the token as potential grounds for impeachment and after a massive unlock earlier in the month.At a town hall on Friday, Sen. Jon Ossoff (D-Ga.) pointed to the crypto project offering its top holders an invitation to a dinner event with President Trump, calling it a clear case of selling access to the presidency, NBC News reports.“When the sitting president of the United States is selling access for what are effectively payments directly to him. There is no question that that rises to the level of an impeachable offense,” Ossify said.U.S. Senators Adam...

Gaming tokens have seemingly been on the sidelines since the 2021 crypto boom. In fact, data from SoSoValue shows that they were the worst-performing crypto basket over the last 12-month period, enduring a 62% drop in the period, compared to a 174% rise on PayFi tokens.However, under the Trump administration's crypto-friendly stance, it might be changing.Gala Games—a blockchain-based gaming platform—says it became the first crypto gaming company to partner with the White House, bringing a Web3 game Easter Egg Hunt to the 2025 Easter Egg Roll. White House official X's account also mentioned on the social media platform about the tie-up amid a plethora of other collaborations with tech giants. The GALA token has risen roughly 18% since the announcement,...

DeFi Development Corp. (JNVR), formerly known as Janover, is doubling down on its plan to buy more Solana for its treasury as it looks to offer up to $1 billion worth of securities. The firm, formerly a commercial real estate lending tech platform, revealed in a U.S. Securities and Exchange Commission (SEC) filing that it plans on using the funds for “general corporate purposes, including the acquisition of Solana.” The offering will include common and preferred stock, debt instruments, warrants, and units.DeFi Development has already acquired approximately $48.2 million of SOL and plans to operate validators on the Solana blockchain to earn staking rewards.Taking a playbook out of Michael Saylor's bitcoin buying strategy, corporations have been increasingly buying SOL for...