The Daily: Canary Capital launches spot XRP ETF, JPMorgan sees bitcoin support at $94K, Polymarket quietly relaunches in US, and more
Key crypto news includes Canary Capital launching a spot XRP ETF, JPMorgan setting Bitcoin support at $94K, and Polymarket's quiet U.S. relaunch.Summary
The daily crypto briefing highlights several major developments. Canary Capital launched a spot XRP ETF on Nasdaq under the ticker XRPC, gaining SEC approval despite the government shutdown. Meanwhile, Polymarket quietly relaunched its U.S. platform in beta following its 2022 CFTC settlement and subsequent acquisition of QCX, while also securing new partnerships with entities like the UFC. Grayscale filed for an IPO to list on the NYSE under the ticker GRAY, adding to the trend of crypto firms going public. In market analysis, JPMorgan analysts noted that Bitcoin's production cost has risen to an estimated $94,000, reinforcing a price floor, while maintaining a $170,000 upside target. Additionally, the Czech central bank purchased Bitcoin for its digital asset test portfolio, and Japan Exchange Group is considering stricter oversight for listed firms accumulating crypto on their treasuries.
(Source：The Block)