🌕 Gate Square · Mid-Autumn Creator Incentive Program is Live!
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Today's Hot Topic: #MyTopAICoin#
Altcoins are heating up, AI tokens rising! #WLD# and #KAITO# lead the surge, with WLD up nearly 48% in a single day. AI, IO, VIRTUAL follow suit. Which potential AI coins are you eyeing? Share your investment insights!
💡 Post Ideas:
1️⃣ How do you see AI tokens evolving?
2️⃣ Wh
Bitnomial Launches First CFTC-Regulated XRP Futures and Withdraws SEC Lawsuit
Bitnomial has officially launched XRP US Dollar Myra (XRUY) Futures, marking the first CFTC-regulated XRP futures in the United States. The product applies for physical settlement, ensuring actual XRP is delivered upon contract expiration.
Bitnomial’s new futures contract offers traders a compliant and transparent way to gain exposure to XRP. Unlike cash-settled contracts, physically settled futures enhance price discovery by tying derivatives directly to XRP supply and demand. This structure strengthens market integrity and boosts investor confidence.
Luke Hoersten, CEO of Bitnomial, emphasized the importance of regulated market infrastructure. He stated that physically settled futures ensure true price discovery and market transparency. Michael Dunn, President of Bitnomial Exchange, highlighted that institutional and retail traders can now access a broader range of CFTC-regulated crypto derivatives.
Bitnomial Withdraws SEC Lawsuit
Alongside the product launch, Bitnomial Exchange, LLC has voluntarily dismissed its lawsuit against the U.S. Securities and Exchange Commission (SEC). The lawsuit, filed in October 2024, challenged whether XRP futures should be classified as security futures contracts. Bitnomial cited evolving SEC policies as a reason for dropping the case, acknowledging improved regulatory clarity for XRP.
This development signals easing regulatory pressure on XRP and the broader crypto market. Ripple CEO Brad Garlinghouse commented on the SEC’s retreat in its case against Ripple. While a cross-appeal remains, he noted that Ripple has moved from being the defendant to the plaintiff.
Over the past two weeks, it has introduced physically settled futures on Solana, Avalanche, Chainlink, Bitcoin Cash, Litecoin, Ethereum, Polkadot, and Hedera. The addition of XRP futures further solidifies its position as a leader in U.S. crypto derivatives trading.
Highlighted Crypto News TodayBitcoin ETF Inflows Rise as Institutional Interest Returns