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Bitcoin ETF Approval Pushes Bitcoin to New Highs, Says LongHash Ventures Co-Founder
According to Foresight News, Emma Cui, the co-founder and executive partner of LongHash Ventures, spoke at the 2024 Hong Kong Web3 Carnival. During the 'East & West, Industry & Academia' roundtable discussion, she stated that the market is currently in the relatively early stages of a bull market. The approval of a Bitcoin spot ETF has pushed Bitcoin to new highs. However, many assets, including Ethereum, have not yet reached their previous peaks, indicating that the market still has room to rise further.

Cui also commented on Meme tokens, stating that while they are interesting, they have reached a stage of high manipulation. She emphasized the need for discernment in dealing with these tokens.
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🌐 **Derec Alliance: Pioneering Blockchain Recovery Standards** **Ripple (XRP)** ![Ripple](#) and **XRPL Labs** have joined forces with other blockchain entities to form the Derec Alliance, focusing on creating a unified recovery standard for digital assets. ### 🤝 **Founding Members and Their Roles** The alliance is spearheaded by industry giants including **Ripple**, **XRPL Labs**, **Swirlds Labs**, and the **Algorand Foundation** ![Algorand](#), with a shared vision of enhancing blockchain recovery solutions. ### 📜 **Mission and Vision of the Derec Alliance** The Derec Alliance is committed to developing open-source, standardized recovery protocols to make digital asset management as intuitive and secure as traditional Web2 experiences. ### 🗣️ **Industry Leaders' Call for Collaboration** Dr. Leemon Baird of **Hedera Hashgraph** ![Hedera Hashgraph](#) emphasizes the need for industry-wide cooperation to ensure the safety and simplicity of managing digital assets in the Web3 era. --- **Disclaimer:** The information provided is for general informational purposes only. All information on the site is provided in good faith, however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the site. Cryptocurrency investments are subject to market risk. Please conduct your own research or consult a financial advisor before making investment decisions. #XRP #XRP #BinanceLaunchpool #ETHETFS #MicroStrategy $XRP
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