● Grayscale will launch the first US XRP trust, paving the way for potential ETF
Grayscale will launch the first US XRP trust, paving the way for a potential ETF, according to FOX Business, according to BlockBeats. Grayscale announced that it will launch the first US XRP trust, a so-called "closed-end" fund that will provide qualified investors with direct investment opportunities in XRP. Trusts and ETFs are two different investment products. ETFs must be approved by the US Securities and Exchange Commission because they are sold directly to retail investors, while trusts are less regulated in their structure and sales pitches to so-called qualified investors. Even so, a trust can also become an ETF as long as it obtains the proper regulatory approval.
● Grayscale XRP Trust has a management fee of 2.5% and an asset management scale of nearly US$250,000
According to ChainCatcher, Grayscale official data shows that the management fee of Grayscale XRP Trust is 2.5%, using the CoinDesk Ripple Price Index (XRX) to provide a reference exchange rate denominated in US dollars. As of September 11, the asset management scale of Grayscale XRP Trust was US$247,921.68, with a net value of US$10.73 per share.
● US PPI in August was 0.2% on a monthly basis and 1.7% on an annual basis
According to BlockBeats, the monthly rate of PPI in the United States in August was 0.2%, which was expected to be 0.10%, and the previous value was revised from 0.10% to 0%. The annual rate of PPI in the United States in August was 1.7%, which was expected to be 1.8%, and the previous value was revised from 2.20% to 2.1%.
● The Salvadoran government has bought 1 bitcoin every day for 665 consecutive days
According to TechFlow, Spot On Chain has monitored that the Salvadoran government has bought 1 bitcoin every day for 665 consecutive days, unaffected by market fluctuations. Currently, the Salvadoran government holds 5,871 bitcoins, worth about $342 million. Among them, the average purchase price of the 3,046 bitcoins that have been made public is $43,888.
● Anchorage Digital will provide custody services for Bitcoin and Ethereum ETFs for 21Shares
According to Odaily Planet Daily, Anchorage Digital announced that it will provide custody services for 21Shares' spot Bitcoin and Ethereum ETFs. In addition, Anchorage Digital will require issuers and participants to use biometric authentication to participate in crypto ETFs to improve security.
According to Odaily Planet Daily, Lewis Grant, senior manager of Federated Hermes' global equity portfolio, said that as the US election approaches, financial markets may continue to be turbulent due to uncertainty about the election results. Federated Hermes expects market volatility to increase further before the Fed's meeting next week and the US election. In the short term, the market will respond quickly to changes in the US election and the macro outlook.
● Binance recognized by Royal Thai Police for combating crypto crime
According to Binance's official blog post, the Binance Financial Crime Compliance Team received an award from the Central Bureau of Investigation of the Royal Thai Police in recognition of its important contribution in combating crypto-related crimes. Binance's cooperation with Thai law enforcement agencies has greatly improved the security of Thailand's digital asset ecosystem and provided key analysis and support for major operations against transnational criminal networks.
Binance also demonstrates its commitment to security through its Global Law Enforcement Training Program, which has held nearly 200 training sessions around the world to help law enforcement agencies combat financial and cybercrime related to digital assets.
● Binance Labs announces investment in RWA tokenization platform OpenEden
According to Binance's blog, Binance Labs, Binance's venture capital and incubation arm, has invested in OpenEden, a real asset (RWA) tokenized investment platform focused on building a bridge to a new financial system. Last month, OpenEden announced that the total locked value (TVL) of its tokenized TBILL has exceeded $100 million. The platform allows KYC-cleared investors, DAOs, and cryptocurrency financial managers to connect self-custodial wallets and mint TBILL tokens, thereby earning stablecoin returns on idle operating funds. Currently, OpenEden has attracted more than 100 institutional clients.
