1. Multiple institutions are applying for ETF.
On October 2, a spokesperson for Bitwise confirmed that Bitwise submitted an XRP ETF application, which has been officially submitted on the Delaware government website. According to its S-1 registration filing submitted to the U.S. SEC for its XRP ETF, the XRP custodian will primarily use cold storage to hold the trust's assets and will transfer a limited amount of assets to hot storage as needed for effective basket creation and redemption. The cryptocurrency investment firm Canary Capital submitted a registration application for its XRP spot ETF 'Canary XRP ETF' to the U.S. SEC. It plans to provide investors with an investment channel that does not require direct holding of XRP, while using CME's CF Ripple index as a price tracking benchmark. Its founder, Steven McClurg, stated that the positive changes in the regulatory environment and the demand from investors for diversified crypto assets are the main reasons driving this application.

In 2021, @GMT DAO 's #stepn launched an NFT+National Fitness gameplay. At that time, I bought a pair of shoes to run daily tasks to earn GMT. Because the pace could not keep up, it was difficult to make a profit. Later, I sold the shoes at a loss.

I haven't logged into this step for a long time.
Recently, GMT DAO launched a text activity on the theme of #GMT投票燃烧计划 on Binance Square. I paid attention to the trend of $GMT again:

GMT trend analysis

The market breaks through 0.3752 and stabilizes. There is a lot of room behind! I will slowly allocate some positions later.
1.What is the GMT voting burning plan?
The GMT team bought back the unlocked GMT from investors and consultants and donated 600 million GMT to GMT DAO. BURNGMT was initiated by GMT DAO. Through a 60-day lock-up vote from November 21, 2024 to January 20, 2025, users can vote on whether to burn the 600 million GMT and share 100 million GMT as participation rewards during the voting process. In this way, only 27% of GMT from move2earn and the ecological fund will be unlocked and released in the next six years, reaching full circulation.