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Updated Report About BlackRock’s Interest In XRP ETF Recent reports indicate that BlackRock, the global wealth management leader, does not plan to introduce a new exchange-traded fund (ETF) based on XRP or other altcoins. The company focuses on its current products rather than exploring new cryptocurrency ETFs. BlackRock Prioritizes Bitcoin and Ethereum ETFsBloomberg ETF analyst Eric Balchunas recently shared updates, citing Jay Jacobs, the head of BlackRock’s ETF division. Jacobs clarified that the firm’s immediate focus is on expanding the reach of its Bitcoin and Ethereum spot ETFs, which are still in the early stages of adoption among their client base. As such, BlackRock has no intention of launching new ETFs for XRP or other altcoins soon. Chinese cryptocurrency journalist Colin Wu also weighed in, reminding the community of the broader regulatory context in the U.S. He noted that while the Securities and Exchange Commission (SEC) may approve ETFs for altcoins like XRP and SOL by the end of next year, BlackRock remains committed to its current offerings. Rumors and Recent Developments Earlier in November, there were rumors regarding BlackRock’s interest in an XRP ETF after a false filing surfaced. This filing, labeled as a request to establish an iShares XRP Trust, was quickly debunked by BlackRock, which confirmed it had no association with the document. In contrast, other asset managers have moved forward with legitimate filings for XRP-focused ETFs. For instance, WisdomTree applied for a spot XRP ETF in late November. Other firms, such as Bitwise, 21Shares, and Canary Capital, have also filed for XRP ETFs throughout the year, signaling a growing interest in the token as an investment vehicle. Recent Movements and Market Performance On the blockchain side, Ripple has been involved in significant transactions. Whale Alert, a prominent cryptocurrency tracker, reported a transaction involving 99 million XRP (approximately $234 million) transferred between two anonymous wallets. #XRP #BlackRock #Altcoins #cryptomarket #CryptoNews
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Updated Report About BlackRock’s Interest In XRP ETF
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Bitcoin surpasses $103k as Metars Genesis surges 80%, Galxe rallies 50%, Shiro Neko jumps double digits Metars Genesis price surged 80% as Bitcoin has held steady above the $100,000 level. The crypto market cap shows no major momentum in the last 24 hours. Bitcoin btc1.51% Bitcoin surpassed the $103,100 level at the last check Sunday. As per CoinGecko data in a comparison of the top 300 coins, Metars Genesis has emerged as the top gainer in the last 24 hours. Metars has spiked over 80% from a 24-hour low of $3.76 to as high as $11.32. The coin’s price has also seen a more than 200% uptick in the last 30 days. The exact reason for the rally was not immediately clear. Being an NFT platform, the recent surge in NFT sales volume could be one primary reason for the positive price action. Galxe The price of Galxe (GAL) has spiked close to 50%, with its price surging over 100% in the last 30 days. Galxe has hinted about an Earndrop with a cryptic tweet. The project has also announced that native Solana sol-1.28% Solana assets are live on their platform.All these developments have helped the project’s price rise from $2.28 in the last 24 hours to as high as $3.85. GAL is the native cryptocurrency of Galxe, a Web3 credential data network that enables developers and projects to build customized user experiences using on-chain and off-chain credential data. The token was created by Galxe founders Harry Zhang and Charles Wayn. Shiro Neko Third on the list of the top gainers is Shiro Neko (SHIRO) with its 40% price surge. The token recently received support from the Shiba Inu shib0.3% Shiba Inu team. And on the official X account, SHIRO confirmed that it was coming to Shibarium. Shiro Neko has also been shilled by crypto analysts like Ash Crypto. The analyst compared SHIRO’s $370 million market cap to SHIB’s, highlighting how the meme coin could potentially pump in this meme coin season. The price of Shiro Neko is down by close to 20% from its all-time high from Dec. 9, 2024. #Bitcoin #Altcoins #Memecoins #cryptocurrencies #CryptoNews
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Bitcoin surpasses $103k as Metars Genesis surges 80%, Galxe rallies 50%, Shiro Neko jumps double dig
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Fatal Exploit Crashes 69% of Dogecoin, but It Could Have Been Worse: The Man Who Saved It Speaks An exploit first discovered and disclosed by crypto researcher Tobias Ruck crashed over half of the nodes of Dogecoin, a cryptocurrency with a market capitalization of over $58 billion. This event remarks that cryptocurrency projects are as vulnerable as their codebase. Dogecoin Attacked Remotely, 69% of Nodes Crashed With Already Disclosed Exploit Dogecoin, a cryptocurrency project with a market capitalization of over $58 billion, was recently attacked with an exploit that heavily affected its node structure. The exploit, dubbed “Dogereaper,” allowed Sequentia developer Andreas Kohl to crash 69% of all the Dogecoin nodes using only an old laptop from El Salvador. The exploit allows any attacker to use the name of any node to remotely crash it. The “Department Of DOGE Efficiency” account on X likened this behavior to a death note, a fictional notebook that allows the user to write a person’s name to kill it. While the attack heavily affected dogecoin nodes, it could have been worse: the vulnerability had already been disclosed by Tobias Ruck, an ecash developer, and Roqqit, another developer. Talking to news.bitcoin.com, Ruck stated that he first discovered this vulnerability while developing doged, an alternative to Dogecoin Core. Ruck explained that while testing the ported code for their alternative software, he found a segmentation fault that had not been fixed in the original code. He then confirmed that the vulnerability could target specific nodes and crash them remotely and started planning the disclosure of this failure to fix the issue. Ruck explained: We don’t condone crashing nodes, we put a lot of effort into keeping the network secure. The attack could’ve been much more severe. All the important stakeholders like miners, exchanges etc. have been patched long before the attack, and it shows how important it was that we treaded carefully. #Dogecoin #DOGE #Memecoins #Altcoins #CryptoNews
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