The Daily: Bitwise debuts spot XRP ETF, RippleX engineer explores potential for native XRP staking, and more
Bitwise launched a U.S. spot XRP ETF, RippleX explored native XRP staking, and Core Foundation secured an injunction against Maple Finance.Summary
The daily crypto news roundup highlights several key developments. Bitwise launched its U.S. spot XRP ETF (ticker XRP), waiving fees for the first month on initial assets, joining a wave of new altcoin ETFs. Meanwhile, a RippleX engineer and former CTO discussed complex, exploratory ideas for implementing native staking on the XRP Ledger, which would require rethinking the fee-burning model. In legal news, Core Foundation secured an injunction in the Cayman Islands blocking Maple Finance from launching a rival bitcoin yield product, alleging misuse of confidential information from a joint partnership. Other news includes Cipher Mining securing a major lease for its Texas campus and plans to raise $333 million for expansion, and Coinbase enabling verified U.S. users to borrow up to $1 million in USDC against their ETH via Morpho.
(Source：The Block)