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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
This week, investment and financing activities in the Crypto Assets field were frequent, with 24 projects receiving funding, totaling up to $1.48 billion. Among them, Figure led the way with a financing amount of $788 million, followed closely by Rapyd, which secured $500 million. Projects such as Gemini, Inversion, Tetra, Multipli, and Runesoul also each received tens of millions of dollars in investments.
In terms of digital asset allocation, Forward Industries stands out, raising $1.65 billion fully invested in Solana, becoming the largest strategic investor in SOL. At the same time, Eightco Holdings raised $270 million, choosing to hold WLD as a core reserve asset.
The merger and acquisition market is also active, with Coinbase acquiring the consumer crypto project Sensible to accelerate its on-chain application layout. Brinc has acquired the Web3 community OG Club (now renamed VentureVerse) to expand the influence of its global DAO with over 25,000 members.
Industry experts have also expressed their views. Kyle Samani believes that Solana is the highest quality digital reserve asset. Tushar Jain suggests adjusting stablecoin yield strategies while strengthening the Ethereum and Solana ecosystems. Imran Khan emphasizes the importance of nurturing the local creator economy and promoting the development of platforms like Pump.
Looking at the big picture, funds are accelerating towards Solana, Worldcoin, and Web3 infrastructure. M&A activities are also starting to focus on on-chain consumption and community ecosystem development. These trends indicate that the Crypto Assets market is undergoing a new wave of development, with investors and enterprises actively positioning themselves to prepare for future growth.