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Hong Kong will host at least 93 major events in the first half of next year, expected to bring in HKD 3.3 billion in consumption!
Recently, the Hong Kong government announced the event calendar for the first half of next year. Hong Kong's Deputy Financial Secretary, Huang Weilun, stated at a press conference that there will be at least 93 major events in the first half of next year, of which 14 will span this year, expected to attract 840,000 visitors, an increase of over 50% year-on-year, and is expected to bring in HKD 3.3 billion in consumption and HKD 1.8 billion in economic added value, representing an increase of 40% and 30% year-on-year, respectively.
These at least 93 events occurring in the first half of 2025 can be simply categorized into five categories. The largest number is cultural, artistic, and creative projects, with 30; followed by conferences and exhibitions, with 26; sports events with 15; and festivals, celebrations, performances, and carnivals with 12; financial, economic, and innovation-related events with 10.
These at least 93 events occurring in the first half of 2025 can be simply categorized into five categories. The largest number is cultural, artistic, and creative projects, with 30; followed by conferences and exhibitions, with 26; sports events with 15; and festivals, celebrations, performances, and carnivals with 12; financial, economic, and innovation-related events with 10.
England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.
The Law Commission is seeking views on draft legislation to assign property rights to crypto and called for evidence for its project on digital assets and electronic trade documents.
The responses will determine the shape of legislation to be proposed to the government.
"Personal property rights are important for many reasons, including in the event of insolvency or where assets are interfered with or unlawfully taken," the commission said on Thursday.
"However, because digital assets differ significantly from physical assets, and from rights-based assets like debts and financial securities, they do not fit within traditional categories of personal property."
The Law Commission also called for evidence for its project on digital assets and electronic trade documents in private international law. The deadline for comments is May 16.
#Write2Earn #crypto #England #coindesk
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.
The Law Commission is seeking views on draft legislation to assign property rights to crypto and called for evidence for its project on digital assets and electronic trade documents.
The responses will determine the shape of legislation to be proposed to the government.
"Personal property rights are important for many reasons, including in the event of insolvency or where assets are interfered with or unlawfully taken," the commission said on Thursday.
"However, because digital assets differ significantly from physical assets, and from rights-based assets like debts and financial securities, they do not fit within traditional categories of personal property."
The Law Commission also called for evidence for its project on digital assets and electronic trade documents in private international law. The deadline for comments is May 16.
#Write2Earn #crypto #England #coindesk
👉👉👉 Peter Thiel Made $200M Investment in $BTC , $ETH Before #Bullrun : Reuters
Peter Thiel's Founders Fund has reportedly invested $200 million in bitcoin and ether, making a strategic move before the recent surge in cryptocurrency prices.
According to a report by Reuters, the investment firm, led by Thiel, seized the opportunity to purchase bitcoin when it was trading below $30,000. As the market gained momentum, Founders Fund expanded its portfolio with additional purchases of both BTC and ETH.
Thiel, a vocal advocate for bitcoin, has often criticized central banks and fiat currencies, attributing bitcoin's ascent to these concerns. He has previously expressed regret for not investing more in the digital asset during the 2021 bull run, suggesting a continued bullish outlook on cryptocurrency.
Interestingly, Founders Fund had previously divested most of its crypto holdings in March 2022, just before the onset of the so-called "crypto winter." This strategic move reportedly netted the firm $1.8 billion. However, this recent investment marks a renewed interest in the crypto market, reflecting Thiel's confidence in its long-term potential.
It's worth noting that Thiel's involvement in the crypto space extends beyond investments. He is also a supporter of Bullish, an institutional crypto exchange, which notably acquired #coindesk from Digital Currency Group in 2023.
In summary, Thiel's Founders Fund's substantial investment in bitcoin and ether underscores a strategic move to capitalize on the recent bullish trend in #cryptocurrency prices, reflecting Thiel's ongoing interest and confidence in the digital asset market.
Source - coindesk.com
#CryptoNews #BinanceSquare
Peter Thiel's Founders Fund has reportedly invested $200 million in bitcoin and ether, making a strategic move before the recent surge in cryptocurrency prices.
According to a report by Reuters, the investment firm, led by Thiel, seized the opportunity to purchase bitcoin when it was trading below $30,000. As the market gained momentum, Founders Fund expanded its portfolio with additional purchases of both BTC and ETH.
Thiel, a vocal advocate for bitcoin, has often criticized central banks and fiat currencies, attributing bitcoin's ascent to these concerns. He has previously expressed regret for not investing more in the digital asset during the 2021 bull run, suggesting a continued bullish outlook on cryptocurrency.
Interestingly, Founders Fund had previously divested most of its crypto holdings in March 2022, just before the onset of the so-called "crypto winter." This strategic move reportedly netted the firm $1.8 billion. However, this recent investment marks a renewed interest in the crypto market, reflecting Thiel's confidence in its long-term potential.
It's worth noting that Thiel's involvement in the crypto space extends beyond investments. He is also a supporter of Bullish, an institutional crypto exchange, which notably acquired #coindesk from Digital Currency Group in 2023.
In summary, Thiel's Founders Fund's substantial investment in bitcoin and ether underscores a strategic move to capitalize on the recent bullish trend in #cryptocurrency prices, reflecting Thiel's ongoing interest and confidence in the digital asset market.
Source - coindesk.com
#CryptoNews #BinanceSquare
👉👉👉 #coindesk ’s New Owner #bullish Replaces CEO in Restructuring
Amid a significant restructuring led by the crypto exchange Bullish, CoinDesk's longstanding CEO Kevin Worth has stepped down from his position. In his place, Sara Stratoberdha, who previously spearheaded business development for Bullish, has been appointed to lead CoinDesk.
Despite the change in leadership, CoinDesk will continue to operate as an independent subsidiary of Bullish, with Sara committed to upholding CoinDesk's journalistic independence and integrity, according to a spokesperson for CoinDesk.
The restructuring, which comes two months after Bullish acquired CoinDesk from its former owner Digital Currency Group, has resulted in several leadership changes within CoinDesk. Departures include Chief Operating Officer Elinor Hirschhorn, Vice President of Engineering John DeGuenther, and Executive Director of Global Strategy Emily Parker. Meanwhile, Chief Content Officer Michael Casey is in discussions with Bullish regarding a potential continued role with CoinDesk in a different capacity.
Employees of both CoinDesk and Bullish were informed of these changes through a memo issued by Bullish CEO Tom Farley. Farley stated that the restructuring aims to streamline CoinDesk's media, indices, and events businesses by implementing a flatter organizational structure. As part of the restructuring, certain CoinDesk functions, such as Human Resources, will now report to their counterparts at Bullish. Additionally, CoinDesk's tech and product teams will be integrated with Bullish.
In a statement shared with CoinDesk, Farley expressed gratitude towards Kevin Worth and the leadership team for their contributions to CoinDesk's evolution and successful integration with Bullish. He also expressed excitement about the opportunity for Sara and the CoinDesk leadership team to invest in and expand CoinDesk's media, events, and indices.
Source - coindesk.com
#CryptoNews #BinanceSquare
Amid a significant restructuring led by the crypto exchange Bullish, CoinDesk's longstanding CEO Kevin Worth has stepped down from his position. In his place, Sara Stratoberdha, who previously spearheaded business development for Bullish, has been appointed to lead CoinDesk.
Despite the change in leadership, CoinDesk will continue to operate as an independent subsidiary of Bullish, with Sara committed to upholding CoinDesk's journalistic independence and integrity, according to a spokesperson for CoinDesk.
The restructuring, which comes two months after Bullish acquired CoinDesk from its former owner Digital Currency Group, has resulted in several leadership changes within CoinDesk. Departures include Chief Operating Officer Elinor Hirschhorn, Vice President of Engineering John DeGuenther, and Executive Director of Global Strategy Emily Parker. Meanwhile, Chief Content Officer Michael Casey is in discussions with Bullish regarding a potential continued role with CoinDesk in a different capacity.
Employees of both CoinDesk and Bullish were informed of these changes through a memo issued by Bullish CEO Tom Farley. Farley stated that the restructuring aims to streamline CoinDesk's media, indices, and events businesses by implementing a flatter organizational structure. As part of the restructuring, certain CoinDesk functions, such as Human Resources, will now report to their counterparts at Bullish. Additionally, CoinDesk's tech and product teams will be integrated with Bullish.
In a statement shared with CoinDesk, Farley expressed gratitude towards Kevin Worth and the leadership team for their contributions to CoinDesk's evolution and successful integration with Bullish. He also expressed excitement about the opportunity for Sara and the CoinDesk leadership team to invest in and expand CoinDesk's media, events, and indices.
Source - coindesk.com
#CryptoNews #BinanceSquare
Cryptocurrencies sharply reversed early gains during the U.S. trading session on Wednesday with bitcoin (BTC) dipping below $64,000 as a broad-market equity sell-off weighed on the digital asset market.
The leading cryptocurrency by market cap sold off 2% within an hour, dropping to as low as $63,890 after trading above $66,000 earlier in the session. At publishing time, BTC was trading at $64,000, down 0.5% over the past 24 hours.$BTC
#BinanceTurns7 #coindesk
The leading cryptocurrency by market cap sold off 2% within an hour, dropping to as low as $63,890 after trading above $66,000 earlier in the session. At publishing time, BTC was trading at $64,000, down 0.5% over the past 24 hours.$BTC
#BinanceTurns7 #coindesk
Bitcoin Flat as Traders Look Forward to the 'Year of the Dragon'
Bitcoin (BTC) maintained a flat trajectory, hovering around $42,000 early on Monday, while the #coindesk 20 Index (CD20) experienced a 0.75% decline, reaching 1,643, according to CoinDesk Indices data. This movement coincides with the last working days before the Lunar New Year holiday in East Asia, where nations are preparing to celebrate the start of the Year of the Dragon, considered one of the luckiest and most prosperous animals in the Chinese Zodiac.
In anticipation of this Lunar New Year, CLSA, a Hong Kong-based brokerage firm, predicted market fluctuations for 2024, linking a calmer outlook to the Year of the Rabbit. Despite the cautionary advice, the market rebounded significantly in 2023, with Bitcoin surging nearly 94% and #Ethereum (ETH) rising by 47%.
The CoinDesk Market Index, outperforming the S&P 500 by fivefold, was largely attributed to Bitcoin's stellar performance, although Ethereum underperformed throughout 2023. Daniel Wang, CEO of Taiko, a zero-knowledge roll-up platform, sees potential for Ethereum's price performance in 2024, stating that the Year of the Dragon could open new doors for Ethereum, especially with the anticipated impact of ETFs and the awaited Dencun upgrade promising lower gas fees and faster transactions.
Lucy Hu, a Senior Analyst at Metalpha, points to the promising aspects of Bitcoin's halving and inflation control for prices in the Year of the Dragon. Despite the current sell-the-news effect in the #CryptoMarket , Hu expects the year to be one of the best performing, driven by controlled inflation and the upcoming Bitcoin halving event, fostering market confidence and leading to new heights.
In traditional finance, CLSA predicts a resurgence in equity markets in the second half of the year, dubbing it a year of volatility. Despite the anticipated market turbulence, CLSA reminds investors to seek professional advice rather than relying on celestial guidance.
Source - coindesk.com
#CryptoNews #BinanceSquareBTC $BTC
Bitcoin (BTC) maintained a flat trajectory, hovering around $42,000 early on Monday, while the #coindesk 20 Index (CD20) experienced a 0.75% decline, reaching 1,643, according to CoinDesk Indices data. This movement coincides with the last working days before the Lunar New Year holiday in East Asia, where nations are preparing to celebrate the start of the Year of the Dragon, considered one of the luckiest and most prosperous animals in the Chinese Zodiac.
In anticipation of this Lunar New Year, CLSA, a Hong Kong-based brokerage firm, predicted market fluctuations for 2024, linking a calmer outlook to the Year of the Rabbit. Despite the cautionary advice, the market rebounded significantly in 2023, with Bitcoin surging nearly 94% and #Ethereum (ETH) rising by 47%.
The CoinDesk Market Index, outperforming the S&P 500 by fivefold, was largely attributed to Bitcoin's stellar performance, although Ethereum underperformed throughout 2023. Daniel Wang, CEO of Taiko, a zero-knowledge roll-up platform, sees potential for Ethereum's price performance in 2024, stating that the Year of the Dragon could open new doors for Ethereum, especially with the anticipated impact of ETFs and the awaited Dencun upgrade promising lower gas fees and faster transactions.
Lucy Hu, a Senior Analyst at Metalpha, points to the promising aspects of Bitcoin's halving and inflation control for prices in the Year of the Dragon. Despite the current sell-the-news effect in the #CryptoMarket , Hu expects the year to be one of the best performing, driven by controlled inflation and the upcoming Bitcoin halving event, fostering market confidence and leading to new heights.
In traditional finance, CLSA predicts a resurgence in equity markets in the second half of the year, dubbing it a year of volatility. Despite the anticipated market turbulence, CLSA reminds investors to seek professional advice rather than relying on celestial guidance.
Source - coindesk.com
#CryptoNews #BinanceSquareBTC $BTC
Cryptocurrencies sharply reversed early gains during the U.S. trading session on Wednesday with bitcoin (BTC) dipping below $64,000 as a broad-market equity sell-off weighed on the digital asset market.
The leading cryptocurrency by market cap sold off 2% within an hour, dropping to as low as $63,890 after trading above $66,000 earlier in the session. At publishing time, BTC was trading at $64,000, down 0.5% over the past 24 hours.
#BinanceTurns7 #coindesk
The leading cryptocurrency by market cap sold off 2% within an hour, dropping to as low as $63,890 after trading above $66,000 earlier in the session. At publishing time, BTC was trading at $64,000, down 0.5% over the past 24 hours.
#BinanceTurns7 #coindesk
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Bitcoin's Bad Start to Bullish October Continues, But There May Be Some Good Luck Ahead for the Bulls!
$BTC briefly dipped below $60,000, resulting in $144 million in liquidated bullish positions, despite historical data indicating October is the cryptocurrency's strongest month with gains averaging 22% since 2013.
Social sentiment on platforms like #X reflects bearish sentiment on Bitcoin's price recovery.
Social sentiment on platforms like #X reflects bearish sentiment on Bitcoin's price recovery.
Solana DEX Jupiter's JUP Token to Debut With 1.35B Circulating Supply
The JUP-USD perpetual traded at 65 cents on Aevo at press time, implying a market capitalization of $700 million at the inception.Jupiter, a Solana-based decentralized trading aggregator, is scheduled to launch its native token, JUP, through an airdrop on Wednesday at 10 a.m. EST.The token will have an initial maximum circulating supply of 1.35 billion, Jupiter's pseudonymous founder Moew said Tuesday in a forum post, downwardly revising the total number of coins available for trading from the previously decided figure of 1.7 billion.In other words, the token could begin trading with a market capitalization of around $700 million, considering the JUP-U.S. dollar perpetuals traded at 65 cents on Aevo at press time.Of the initial circulating supply of 1.35 billion, 1 billion coins are for airdrops, 50 million each for loans to market makers on centralized exchanges and liquidity pool needs, and 250 million for a launch pool. Airdrop refers to crypto projects distributing free new or existing tokens en masse to their communities to boost adoption.About 955,000 wallets that interacted with Jupiter before Nov. 2 are eligible for the JUP airdrop, according to data source Airdrop Official.#coindesk #Write2Earn $SOL
Good News From TRUE USD
TrueUSD (TUSD) is a stablecoin designed to maintain a 1:1 ratio with the US dollar, providing a stable digital asset for trading, remittances, and payments. As of now, the market cap of TUSD is approximately $504.8 million, with a circulating supply of around 505.2 million tokens. The trading volume in the last 24 hours has been about $50.2 million.
TUSD's stability and transparency are bolstered by real-time attestations of its reserves via Chainlink's Proof of Reserve (PoR) and regular audits by independent firms. These measures ensure that each TUSD token is fully backed by USD reserves, reinforcing user trust.
$TUSD has also achieved notable milestones, such as recording a daily trading volume exceeding $1 billion in Q3 2023. This highlights its liquidity and growing acceptance in the market.
The price of $TUSD has remained relatively stable, reflecting its nature as a stablecoin. Recent price changes show minimal fluctuations, indicating its effectiveness in maintaining parity with the US dollar.
For more detailed and up-to-date information, you can check resources like CoinMarketCap, CoinDesk, and CoinCodex.
$TUSD #CoinMarketUpdates #coindesk #coincodex #tusd
TrueUSD (TUSD) is a stablecoin designed to maintain a 1:1 ratio with the US dollar, providing a stable digital asset for trading, remittances, and payments. As of now, the market cap of TUSD is approximately $504.8 million, with a circulating supply of around 505.2 million tokens. The trading volume in the last 24 hours has been about $50.2 million.
TUSD's stability and transparency are bolstered by real-time attestations of its reserves via Chainlink's Proof of Reserve (PoR) and regular audits by independent firms. These measures ensure that each TUSD token is fully backed by USD reserves, reinforcing user trust.
$TUSD has also achieved notable milestones, such as recording a daily trading volume exceeding $1 billion in Q3 2023. This highlights its liquidity and growing acceptance in the market.
The price of $TUSD has remained relatively stable, reflecting its nature as a stablecoin. Recent price changes show minimal fluctuations, indicating its effectiveness in maintaining parity with the US dollar.
For more detailed and up-to-date information, you can check resources like CoinMarketCap, CoinDesk, and CoinCodex.
$TUSD #CoinMarketUpdates #coindesk #coincodex #tusd
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Cryptocurrency: A Brief Overview for Beginners
What is cryptocurrency?
Cryptocurrency is a digital or virtual currency that uses cryptography to secure transactions. Unlike traditional currencies such as dollars or euros, cryptocurrencies are not issued by central banks and are not regulated by governments.
Cryptocurrency is a digital or virtual currency that uses cryptography to secure transactions. Unlike traditional currencies such as dollars or euros, cryptocurrencies are not issued by central banks and are not regulated by governments.
SOL (Solana) Takes the Lead in the Cryptocurrency Market
In the ever-changing world of cryptocurrencies, this week's standout performer is Solana (SOL). According to an analysis by CoinDesk, between May 17 at 4:00 PM and May 20 at 9:00 AM, SOL grew by 5.4%, making it the top gainer among the top 20 cryptocurrencies.
Weekly Performance Review
Based on the CoinDesk 20 (CD20) index, the second-largest gainer after SOL was Bitcoin Cash (BCH), which saw a 4.3% increase. Chainlink (LINK) and Uniswap (UNI) followed with growth rates of 2.0% and 1.9%, respectively.
Overall, eight of the cryptocurrencies in the CD20 index showed positive growth. Major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC) registered small increases of 0.1% each.
#solana #chainlik #uniswap #coindesk #cd20 $SOL $BCH $LINK
Weekly Performance Review
Based on the CoinDesk 20 (CD20) index, the second-largest gainer after SOL was Bitcoin Cash (BCH), which saw a 4.3% increase. Chainlink (LINK) and Uniswap (UNI) followed with growth rates of 2.0% and 1.9%, respectively.
Overall, eight of the cryptocurrencies in the CD20 index showed positive growth. Major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC) registered small increases of 0.1% each.
#solana #chainlik #uniswap #coindesk #cd20 $SOL $BCH $LINK
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The world's oldest and most influential cryptocurrency and Web3 event, Consensus, moves to Hong Kong
CoinDesk, the most trusted media, events, indices, and data platform in the global crypto economy, announces that its flagship event, Consensus, will expand to Hong Kong, marking a historic milestone.
Consensus is the platform for global industry leaders to engage in the most important dialogues about digital assets, blockchain, and Web3. Consensus will take place from February 18 to February 20, 2025, at the Hong Kong Convention and Exhibition Centre, marking the first time in five years that Consensus is held outside the United States.
Since its establishment in 2015, Consensus has become the world's oldest and most influential crypto and Web3 event, attracting over 15,000 attendees, 600 journalists, and 500 speakers at Consensus 2023. Notable figures from over 100 countries attended the event, including Fortune 500 CEOs, lawmakers, and sports and entertainment stars.
Consensus is the platform for global industry leaders to engage in the most important dialogues about digital assets, blockchain, and Web3. Consensus will take place from February 18 to February 20, 2025, at the Hong Kong Convention and Exhibition Centre, marking the first time in five years that Consensus is held outside the United States.
Since its establishment in 2015, Consensus has become the world's oldest and most influential crypto and Web3 event, attracting over 15,000 attendees, 600 journalists, and 500 speakers at Consensus 2023. Notable figures from over 100 countries attended the event, including Fortune 500 CEOs, lawmakers, and sports and entertainment stars.
👀🗣 #BTC 10x Research: The rally may last for a while and BTC will potentially reach $60,000, but the rally will be short-lived.
K33 Research: The third quarter traditionally brings the weakest profitability.
#coindesk
Follow me so that you don't miss any news and legit signals. Check my profile for latest appropriate signals 🙏🚀
$BTC
K33 Research: The third quarter traditionally brings the weakest profitability.
#coindesk
Follow me so that you don't miss any news and legit signals. Check my profile for latest appropriate signals 🙏🚀
$BTC
Grayscale Introduces XRP Trust – A Major Win for Ripple Investors!
Grayscale, the world’s leading crypto asset management firm, 🎯 has officially launched the Grayscale XRP Trust, opening doors for accredited investors to gain exposure to XRP.💪 This groundbreaking development is seen as a major step forward for XRP and Ripple supporters, reinforcing confidence in the cryptocurrency’s long-term potential. The trust provides a structured and regulated way to invest in XRP, which powers the XRP Ledger—a revolutionary technology for cross-border payments.📈
For Binance users and the broader crypto community, this news marks a pivotal moment. XRP, long hailed as one of the most efficient digital assets for cross-border transactions, has struggled with regulatory scrutiny, particularly in the United States 🇺🇸 However, the introduction of a dedicated trust by Grayscale signals institutional confidence in 👊 XRP’s use case, adoption, and potential for growth. Experts believe that Grayscale’s move could act as a catalyst for increased institutional interest and participation in the XRP ecosystem.
Positive Predictions for XRP 👌
Industry analysts suggest that the introduction of the Grayscale XRP Trust could lead to significant price 📈appreciation for XRP in the coming months. Institutional backing typically brings heightened credibility, liquidity, and adoption for the associated cryptocurrency. Following Grayscale’s successful trusts for Bitcoin and Ethereum, XRP could experience a similar surge, as institutional investors often look to diversify into regulated products like these.
🗣️Expert Analysis on Grayscale’s Move
Grayscale’s decision to back XRP at this time demonstrates their confidence in the asset’s resilience and its growing importance in the digital payments landscape. Analysts point out that Grayscale is known for strategically timing its offerings, often aligning with broader trends in adoption and regulation. With Ripple gaining momentum globally—partnering with financial institutions and central banks—Grayscale’s XRP Trust solidifies the asset’s role as a key player in the evolving crypto market.
👀 This development also indicates that Grayscale views XRP as undervalued relative to its potential utility. With the trust now available, 🤷🏻♂️
XRP is likely to attract a wave of high-net-worth individuals and institutions seeking exposure to innovative blockchain technologies.
🎯🎯Conclusion 🎯🎯
For Binance users and XRP holders, this is your sign to pay close attention.🤩 Grayscale’s entry into the XRP ecosystem is not just a bullish signal but a turning point that could redefine XRP’s trajectory in the market. As the trust gains traction, XRP 💪may see unparalleled growth, making this an exciting time to be part of the XRP community. Stay informed and prepare for what could be a defining chapter in XRP’s journey!
#Write2Earn! #XRPGoal #Xrp #CryptoNewss #Coindesk
For Binance users and the broader crypto community, this news marks a pivotal moment. XRP, long hailed as one of the most efficient digital assets for cross-border transactions, has struggled with regulatory scrutiny, particularly in the United States 🇺🇸 However, the introduction of a dedicated trust by Grayscale signals institutional confidence in 👊 XRP’s use case, adoption, and potential for growth. Experts believe that Grayscale’s move could act as a catalyst for increased institutional interest and participation in the XRP ecosystem.
Positive Predictions for XRP 👌
Industry analysts suggest that the introduction of the Grayscale XRP Trust could lead to significant price 📈appreciation for XRP in the coming months. Institutional backing typically brings heightened credibility, liquidity, and adoption for the associated cryptocurrency. Following Grayscale’s successful trusts for Bitcoin and Ethereum, XRP could experience a similar surge, as institutional investors often look to diversify into regulated products like these.
🗣️Expert Analysis on Grayscale’s Move
Grayscale’s decision to back XRP at this time demonstrates their confidence in the asset’s resilience and its growing importance in the digital payments landscape. Analysts point out that Grayscale is known for strategically timing its offerings, often aligning with broader trends in adoption and regulation. With Ripple gaining momentum globally—partnering with financial institutions and central banks—Grayscale’s XRP Trust solidifies the asset’s role as a key player in the evolving crypto market.
👀 This development also indicates that Grayscale views XRP as undervalued relative to its potential utility. With the trust now available, 🤷🏻♂️
XRP is likely to attract a wave of high-net-worth individuals and institutions seeking exposure to innovative blockchain technologies.
🎯🎯Conclusion 🎯🎯
For Binance users and XRP holders, this is your sign to pay close attention.🤩 Grayscale’s entry into the XRP ecosystem is not just a bullish signal but a turning point that could redefine XRP’s trajectory in the market. As the trust gains traction, XRP 💪may see unparalleled growth, making this an exciting time to be part of the XRP community. Stay informed and prepare for what could be a defining chapter in XRP’s journey!
#Write2Earn! #XRPGoal #Xrp #CryptoNewss #Coindesk