Welcome to today’s Crypto News update!
🚀 XRP ETF Set to Launch as 2x Leveraged Product
Big news: an XRP ETF is set to launch as a 2x leveraged product in the U.S. It will trade under the ticker XXRP and begin trading this Tuesday on the NYSE. The fund comes with a management fee and may include XRP futures and other instruments. While a spot XRP ETF has yet to be approved, analysts believe the chances are high.
Following the news, XRP was trading at $1.91, up 5% over the past 24 hours.
📉 Crypto Market Dip & Trump’s Tariff Policy
Even though the crypto market is currently crashing, some analysts believe Trump’s tariff policy may actually accelerate interest in crypto. Crypto leaders see this as a prime opportunity to show what digital assets were made for—a decentralized hedge against government-led instability.
Despite Bitcoin dropping $10,000 over the weekend, seasoned holders aren’t shaken. Some speculate that Trump’s economic moves might backfire, potentially pushing more capital into decentralized alternatives like crypto. And let’s not ignore the pro-crypto sentiment seen in recent social media posts from Trump’s sons.
🌏 Singapore’s Crypto Payments Surge
In Singapore, 52% of crypto holders are now using their digital assets for payments on goods and services. Despite some hurdles, the country is quickly becoming a major crypto hub, with Gen Z and millennials leading the adoption charge. Crypto-based payments there surged to nearly $1 billion in Q2 of 2024.
Sony is even getting in on the action, partnering with Crypto.com Pay to simplify the checkout process for customers.
🌍 Global Crypto Trends
The UAE currently leads the world in crypto adoption, with a 210% increase in 2025 alone.
Meanwhile, Justin Sun has accused First Digital Trust of misusing TUSD reserves. Allegations include violations of fiduciary duty, unlicensed investment activity, and bribery. In response, Sun launched a bounty program to recover lost funds and encourage whistleblowers. These claims are raising serious concerns about regulatory oversight in Hong Kong.
⚠️ Disclaimer: This is not investment advice—just a roundup of today’s crypto news. Always do your own research before making any financial decisions.
Thanks for reading,
Crypto King
