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ARK and 21Shares Set Sights on Ethereum Futures ETF; XRP, XMR, $ROE on Whales’ Radar

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ARK and 21Shares Set Sights on Ethereum Futures ETF; XRP, XMR, $ROE on Whales’ Radar

In the ever-evolving landscape of cryptocurrency investments, it’s crucial to identify the best crypto investment opportunities, whether they be in well-established crypto coins or promising altcoins. In recent developments, investment giants ARK Invest and 21Shares are making significant strides by venturing into the Ethereum futures exchange-traded fund (ETF) arena. 

Let’s explore the significance of the Ethereum futures ETF applications made by these firms, as well as explore why XRP, XMR, and the $ROE token are gaining the attention of crypto whales.

Ethereum Futures ETF: ARK and 21Shares Collaboration

Investment powerhouses ARK Invest and 21Shares have forged a strategic partnership to pursue Ethereum futures exchange-traded funds (ETFs). This move comes on the heels of reports indicating that the United States Securities and Exchange Commission (SEC) may soon commence approvals for such applications. 

The collaborative efforts have resulted in the proposal of two Ethereum futures ETFs: the “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY). These proposals were officially filed with the SEC on August 24.

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This development underscores the growing interest in Ethereum and its derivatives within the traditional finance and investment sectors. Ethereum, often dubbed the “digital oil” of the blockchain industry, has garnered widespread attention due to its smart contract capabilities and its transition from a proof-of-work to a proof-of-stake consensus mechanism through the Ethereum 2.0 upgrade.

Borroe Finance: A Rising Star in DeFi

Amid the excitement surrounding Ethereum and its potential futures ETFs, Borroe Finance’s native token, $ROE, has emerged as a prominent player in the decentralized finance (DeFi) space. 

The innovative platform offers a unique proposition to the Web3 community, allowing users to convert their future recurring income into Non-Fungible Tokens (NFTs). These NFTs can then be sold at a discount to buyers for upfront cash, with full repayment guaranteed on a fixed date.

Borroe Finance stands out due to its integration of advanced technologies, including AI-powered risk assessment, robust blockchain infrastructure, and streamlined payment solutions. These features ensure a secure and efficient fundraising process, enabling buyers to seamlessly trade future recurring revenue NFTs directly with each other on secondary markets. This, in turn, fosters a truly peer-to-peer ecosystem.

A unique aspect of Borroe Finance is its fee structure associated with the $ROE token. A 3% buy tax is applied, with allocations of 1% for burning, 1% for rewards, and 1% for marketing. 

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On the selling side, there is also a 3% tax, which serves as an incentive for long-term holding, aligning the interests of investors with the project’s success. Experts have also earmarked Borroe as one of the best altcoins to invest in today

>>BUY $ROE TOKENS NOW<<

XRP: The Ripple Effect

Turning our attention to established cryptocurrencies, Ripple (XRP) continues to be a topic of interest among investors. Known for its rapid cross-border payment capabilities, Ripple aims to revolutionize the traditional financial system. With its strong focus on enhancing efficiency and reducing costs, XRP has garnered a dedicated following in the crypto community.

Monero (XMR): Privacy and Security

Monero (XMR) is another established cryptocurrency gaining attention. Recognized for its commitment to privacy and security, Monero transactions are confidential and untraceable. This unique feature appeals to users seeking enhanced anonymity in their digital transactions.

Bottom Line

As investors explore their options in the crypto market, it’s essential to consider the distinctive features and potential of each asset. While Ethereum futures ETFs represent a significant step in bridging traditional finance with the crypto space, promising projects like Borroe Finance, established cryptocurrencies like XRP, and privacy-focused assets like Monero continue to capture the imagination of investors.

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Learn more about Borroe ($ROE) here:

Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter 

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Trump’s new meme coins have MAGA crypto bros up in arms

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Trump’s new meme coins have MAGA crypto bros up in arms

Happy Tuesday! Here’s your Tech Drop, my weekly compilation of the past week’s top stories from the intersection of technology and politics.

Trump meme coins cause a rift in MAGA world

Cryptocurrency enthusiasts are not happy about Donald and Melania Trump’s new “meme coins” — essentially, glorified trading cards. The digital tokens seem like a perfect vessel for anyone, including foreign governments, to funnel money to the Trump family. That’s one reason why some experts have said the ventures — launched within days of Trump’s inauguration — are ripe for blatant corruption.

And even some of Trump’s biggest fans are bemoaning the move. The Wall Street Journal published an article that quotes Trump-supporting crypto bros who are worried that this move will delegitimize the industry. On Monday, the Rev. Lorenzo Sewell, the pastor who gave the benediction at Trump’s swearing-in, announced that he also has launched a meme coin. Probably not helping with that whole legitimacy thing.

Read more at The Wall Street Journal.

TikTok’s legal limbo

Trump’s executive order requiring the postponement of the TikTok ban, which was set to take effect in the U.S. this week, appears to have saved the app for now. At least, that’s what Trump and the app’s owners want us to think.

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But Business Insider published an article raising questions about Trump’s authority to single-handedly overrule a law that received overwhelming bipartisan support in Congress and was unanimously upheld by the Supreme Court.

Read more at Business Insider.

Creepy ‘surveillance pricing’

In one of its last acts during the Biden administration, the Federal Trade Commission and its then-chair, Lina Khan, revealed the initial findings of the agency’s “surveillance pricing” market study. The report shows how companies can manipulate pricing based on personal data. According to the FTC, “details like a person’s precise location or browser history can be frequently used to target individual consumers with different prices for the same goods and services.”

Read more at the FTC.

Kristi Noem’s concerning misinfo plans

South Dakota Gov. Kristi Noem, whom Trump has nominated to lead the Department of Homeland Security, says she wants to shut down the department’s efforts at fighting foreign actors’ misinformation campaigns targeting Americans, effectively saying she wants to leave Americans vulnerable to manipulation.

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Read more at The ReidOut Blog.

Biden’s FCC chair warns about Trump

On her way out the door, outgoing Federal Communication Commission Chair Jessica Rosenworcel warned about Trump’s efforts to suppress free speech and press freedoms. In a post last week, I wrote about the statement she released while dismissing multiple complaints from activist groups seeking to punish news outlets for coverage they didn’t like.

Rosenworcel compared Trump’s attacks on the First Amendment to actions taken by Presidents Richard Nixon and John Adams, and she also cited his push to “revoke licenses for broadcast television stations because he disagrees with their content and coverage” — noting that the FCC “has a duty to respect the Constitution.”

Read more at The ReidOut Blog.

Bigwigs snicker at Sewell’s remarks

The aforementioned pastor, Sewell, has garnered criticism — including from MSNBC’s Joy Reid — for his inaugural benediction, which borrowed from the Rev. Martin Luther King Jr.’s “I Have a Dream” speech and relied on what seemed like an overdone Black preacher affect. One thing I noted? Google CEO Sundar Pichai and Cantor Fitzgerald CEO Howard Lutnick seemingly found the performance pretty funny as they watched and snickered in the background.

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To me, the sight — of MAGA-aligned elites giggling during a King-inspired performance on MLK Day — epitomized some of the disrespect that Black people have come to expect from Trump and his movement.

A far-right influencer speaks … gibberish 

Far-right influencer Curtis Yarvin — who has pushed racist pseudoscience, promoted the idea of dictatorial leadership and been name-checked by JD Vance — gave an interview to The New York Times recently. The interview, in which Yarvin explains his belief that the Civil War didn’t improve anyone’s lives — including enslaved people’s — is a perfect example of how pseudo-intellectual jargon and obfuscation can be used to mask bigotry.

Read more at The New York Times.

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Trump's Executive Actions Signal a New Era for Cryptocurrency Regulation | PYMNTS.com

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Trump's Executive Actions Signal a New Era for Cryptocurrency Regulation | PYMNTS.com

President-elect Donald Trump is reportedly planning to use his executive authority to support cryptocurrency companies and promote broader digital asset adoption during the early days of his administration, according to Reuters. This initiative marks a sharp departure from the regulatory approach under President Joe Biden’s administration, which took stringent measures to address fraud and money laundering in the crypto sector.

Executive Orders to Signal Crypto Support

Trump is expected to issue an executive order establishing a cryptocurrency advisory council, a proposal he initially suggested in July, as reported by Reuters. Two sources familiar with the discussions noted that this council could include up to 20 members tasked with advising the government on creating crypto-friendly policies. Bloomberg News was the first to report the plan to establish such a council.

Additionally, Trump’s team has reportedly discussed reversing specific regulatory measures that have posed challenges for crypto companies. According to Reuters, one potential target is the 2022 Securities and Exchange Commission (SEC) accounting guidance known as “SAB 121,” which has been criticized for increasing costs for companies, particularly banks, attempting to hold cryptocurrencies for third parties. This action could alleviate financial burdens and facilitate greater participation in the crypto market.

Related: FTC Raises Antitrust Concerns Over Big Tech’s AI Partnerships

Controversial “Operation Choke Point 2.0” in Focus

Another area of focus for the incoming administration is addressing concerns raised by cryptocurrency executives about “Operation Choke Point 2.0.” This term, used by industry insiders, describes what they perceive as a coordinated effort by bank regulators to restrict crypto companies’ access to traditional financial services. While bank regulators have denied the existence of such an initiative, sources cited by Reuters suggest that Trump plans to issue an executive order to halt these practices.

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Broader Implications for the Crypto Sector

If implemented, these policy changes could significantly impact the cryptocurrency industry by fostering a more supportive regulatory environment. Experts in both the regulatory and crypto spaces told Reuters that such actions might accelerate the mainstream adoption of digital assets, signaling a new era for the sector under the Trump administration.

This approach stands in stark contrast to the policies of the Biden administration, which pursued legal action against major cryptocurrency exchanges, including Coinbase, Binance, and Kraken, in efforts to combat illicit activities and safeguard consumers.

Source: Reuters

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Top Cryptocurrency to Invest in Before Prices Soar, According to Market Data

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Top Cryptocurrency to Invest in Before Prices Soar, According to Market Data

More than 560 million people worldwide currently own crypto assets, and new and seasoned investors alike are constantly looking for promising new projects to buy into.

New projects can usually be purchased at lower prices, when compared to established coins, and often have the potential to sky-rocket in value. Because of the potential gains to be had, investors are constantly on the lookout for possible investments. 

Let’s explore the upcoming crypto that investors should think about buying before prices go up. 

Upcoming Crypto With Potential

Investors often do their own research to find the best new projects to buy into. Research usually includes listening to the news, reading crypto blogs, and following sites like Coinbase closely. Coinbase provides a crucial gateway to adopt new cryptocurrencies. The “Coinbase Effect” describes new tokens listed that often experience significant price surges of 20-50%. It’s the ideal source of investment opportunities for short-term investors. Because of this, investors often review upcoming Coinbase exchange listings to find promising new coins. Crypto writer Michael Graw explains that Coinbase is known for its strict vetting process. This means that the coins listed on Coinbase have already been reviewed by experts, which many investors appreciate. Between checking sites like Coinbase, keeping up with the news, and reading crypto articles online, investors can stay up to date with potential coins to invest in. Here are a few of the top choices: 

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Ethereum: The Smart Contract Powerhouse

Ethereum dominates the decentralised application (dApp) realm, particularly with the Ethereum 2.0 rollout that enhances energy efficiency and scalability. Ethereum currently trades at around £5,000, providing a top choice for retail and institutional investors. The smart contract giant provides opportunities for long-term investments. 

Analysts project that Ethereum could double its value over the next 1.5 years because the network demand continues to grow. The blockchain’s ecosystem hosts decentralised exchanges, DeFi platforms, and NFTs, engraving Ethereum’s status in the blockchain space as a critical infrastructure with smart contracts for data privacy and security. 

Bitcoin: The Dominant Crypto Force

Bitcoin is the foundation of the cryptocurrency market, capitalising the industry at a market value of £1.5 trillion and currently trading around the £76,000 marker in early December. Bitcoin’s inflation hedge capabilities and reliable long-term value stores make it indispensable in an investor’s diversified portfolio. 

Tim Draper, a trusted venture capitalist, predicts Bitcoin to hit $250,000 or £198,000 by the end of 2025, indicating the potential for a 150% growth rate on the cryptocurrency’s market. Increasingly supportive government policies and adoption will drive Draper’s predictions. For example, there is a proposed Bitcoin reserve for the US market. 

High-Potential Altcoins

Solana: Exceptional Scalability and Speed

Solana is known as the Ethereum killer because it provides faster transaction speeds, reaching 65,000 transactions a second. It also charges minimal fees and has an ecosystem valued at over £25 billion. Solana is fast becoming a good choice for NFTs and DeFi applications. Additionally, analysts forecast the potential for 80-120% returns by mid-2025. 

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Wall Street Pepe: Trading and Staking 

Wall Street Pepe ($WEPE) is showing great promise in the crypto scene. This coin ticks all of the usual boxes but also allows investors to showcase their best trades each week to win prizes. Additionally, investors can stake their Wall Street Pepe in order to earn more from what they already have, which is a win-win. 

Polkadot and Polygon: Specialists in Scalability

Polygon enables faster and more affordable transactions by addressing scalability issues in Ethereum, providing layer-2 solutions. The current market cap valuation is around £10 billion but projections show possible doubling by the end of 2025. Polkadot uses a unique parachain technology that allows interoperability between blockchains, and the price prediction indicates the potential for a 383% return on investment (ROI) by the end of 2025.

XRP: Riding the Legal Victory Wave

The Ripple Network’s native token XRP shows promise with a fragmented victory against the US Securities and Exchange Commission (SEC). XRP has surged 120% since mid-2024, currently trading at around £1. Ripple’s partnerships with major giants like Standard Chartered and Santander have analysts believing it may double in value by the end of 2025. 

Chainlink: Bridging Real-World Data With Blockchain Technology

Chainlink plays a pivotal role in the decentralised oracle industry, currently trading at around £7.20 and having an impressive early market cap of £3.7 billion. The technology innovates how real-world data and smart contracts interact, making it an integral tool for DeFi and enterprise solutions. Chainlink also integrates well with Solana and Ethereum and predictions show the potential for an 85% price surge by the end of 2025. 

The Impact of Institutional Interest

The cryptocurrency investment landscape relies heavily on institutional interest. For example, spot Bitcoin ETF introductions captivated billions in capital while funds like the iShares Bitcoin Trust accumulated more than £30 billion in months. 

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Still, institutional investors use diversified portfolios with utility-driven digital assets like Chainlink to secure smart contracts. Avalanche, another fast blockchain, is also gaining traction in DeFi, with both Altcoins positioned to exceed 100% returns by the end of 2025.

The Role of Regulation

The Financial Conduct Authority (FCA) allows UK investors to benefit from a more secure and transparent cryptocurrency investment domain. The FCA implemented measures to regulate cryptocurrency advertisements to guarantee clear guidelines for retail investors. 

The widespread adoption and regulatory improvements are expected to entice more attention from institutional investors to ensure sustainable growth while the regulatory guidelines protect everyday investors seeking long-term but steady investment prospects. 

Retail Diversification and Sentiment

The retail investor environment drives market trends harder than most institutions, especially with sentiment-driven initiatives using consumer-centric tokens. Some new Coinbase listings show promise for short-term volatility with possible price surges in 2025. 

However, retail investors prefer the active ecosystems, innovative decentralisation, and robust fundamentals of Bitcoin, Ethereum, and some older Altcoins. If investors could learn anything from the retail sector, it would be to diversify their portfolio with high-return crypto. 

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Diversify investment portfolios with well-known and stable cryptocurrencies like Ethereum or Bitcoin while adding some high-potential Altcoins like Cardano, Polygon, and Solana to balance the risk and reward as retail investors do.

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