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(Note: If you’re looking for more news regarding cryptocurrency, please visit our website Bitcoin Commando. All crypto news will be posted there. ~ Dinar Chronicles)
Seeds of Wisdom
FIRST-EVER XRP ETF TO LAUNCH IN US TUESDAY; SPOT ETF STILL PENDING
▪️ Teucrium Investment Advisors LLC is launching a leveraged XRP ETF on Tuesday, which is the first XRP-based ETF in the U.S. market.
▪️ Multiple U.S. issuers have filed for spot XRP ETFs, which are still being reviewed by the SEC.
▪️ One analyst said the likelihood of spot XRP ETFs being approved this year has grown, but demand for such funds remains uncertain.
Vermont-based asset manager Teucrium Investment Advisors LLC is launching the first XRP-based exchange-traded fund in the U.S. market on Tuesday.
The Teucrium 2x Long Daily XRP ETF (XXRP) is a leveraged fund based on the world’s fourth-largest cryptocurrency by market capitalization, designed to provide investment results that correspond to twice the daily price performance of XRP.
“If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF,“ the company said on the website.
According to its description, XXRP starts trading on April 8 on NYSE Arca, with monthly distributions at a 1.85% management fee ratio.
On the Depository Trust and Clearing Corporation’s (DTCC) official list of active and pre-launch U.S. ETFs, Teucrium’s XXRP stands as the only XRP-related fund.
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“A 2x XRP ETF is launching [tomorrow] in the U.S., the first-ever XRP ETF on the market,” Bloomberg Senior ETF Analyst Eric Balchunas said in a post on X.
“Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, [although] our odds are pretty high,” Balchunas added.
Demand for spot ETF uncertain
Multiple U.S. issuers, including Grayscale, WisdomTree and Bitwise, have filed applications with the U.S. Securities and Exchange Commission following waves of positive changes in crypto regulation led by President Donald Trump.
Several spot XRP ETF filings have been acknowledged by the SEC earlier this year, suggesting the review process is moving forward.
Meanwhile, Ripple Labs, the company that created and supports the growth of XRP, agreed to settle with the SEC last month, ending their years-long legal battle over whether XRP counts as a financial security. Ripple agreed to pay a fine of $50 million, reduced from the $125 million that was imposed last August.
“With the SEC dropping its appeal, a key legal hurdle is out of the way, making XRP ETF approval more likely,” said Min Jung, research analyst at Presto Research. “If any new spot ETFs are approved after Bitcoin and Ethereum, XRP or Solana are strong contenders.“
However, Jung noted that demand for spot XRP ETFs remains uncertain. “Ethereum ETFs have seen limited traction, and institutions still largely believe ‘there is no second best,'” Jung said.
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According to The Block’s XRP price page, the cryptocurrency is trading at $1.91 as of 11:00 p.m. ET on Monday, up 0.64% in the past 24 hours.
@ Newshounds News™
Source: The Block
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HONG KONG SFC ISSUES NEW CRYPTO STAKING RULES: WHAT’S CHANGING?
▪️ Hong Kong’s SFC issues new rules for licensed crypto platforms and funds involved in staking.
▪️ The guidelines aim to boost blockchain security, offer regulated yields, and enhance investor protection.
▪️ These moves are part of Hong Kong’s “ASPIRe” plan to become a leading regulated virtual asset hub.
Hong Kong is stepping up its game in the crypto space. In a move to tighten oversight and improve investor safety, the city’s Securities and Futures Commission (SFC) has rolled out new rules for virtual asset trading platforms and authorised funds involved in staking.
The move is part of the city’s efforts to tighten oversight and create a safer, more structured crypto market.
From clearer rules to new opportunities for investors, the SFC’s latest update could signal a turning point. Here’s what’s changing, and why it matters.
Regulated Crypto Staking: A Step Forward
The updated rules highlight key benefits of staking—such as improving blockchain security and helping investors earn yields—all within a regulated environment. These guidelines give licensed crypto platforms more flexibility to offer staking services, supporting the SFC’s “ASPIRe” strategy to grow Hong Kong’s virtual asset industry.
The SFC has set out clear requirements for platforms that offer staking. These include protecting staked assets, avoiding service disruptions, and being transparent about the risks involved. This marks a major step toward making staking safer for investors in Hong Kong.
Funds Can Stake – But Within Limits
The SFC also updated its circular for SFC-authorised virtual asset (VA) funds. These funds can now stake assets—but only through licensed platforms or approved institutions. To reduce risk, a cap has been set on how much they can stake. This helps manage liquidity and further protect investors.
SFC CEO Julia Leung said that expanding regulated crypto services is key to growing Hong Kong’s virtual asset market. At the same time, she stressed that protecting investors must remain the top priority through strong regulation and compliance.
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A Global Crypto Hub in the Making
The SFC is actively working to position Hong Kong as a global digital asset hub. Its ASPIRe framework—short for Access, Safeguards, Products, Infrastructure, and Relationships—aims to make it easier for platforms to enter the market while strengthening investor protections.
In February 2025, the SFC announced plans to launch new licensing regimes for over-the-counter (OTC) virtual asset trading and custody services. These new rules are aimed at improving market efficiency and boosting investor confidence.
As the crypto world keeps moving fast, Hong Kong clearly wants the rules to keep pace – and stay one step ahead.
@ Newshounds News™
Source: Coinpedia
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Source: Dinar Recaps
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COINBASE TO INTRODUCE 24/7 FUTURES TRADING FOR BITCOIN AND ETHEREUM ON MAY 9
▪️ Coinbase Derivatives has announced the launch of 24/7 Bitcoin and Ethereum futures trading for US traders on May 9.
▪️ The launch will allow US-based crypto derivatives investors to trade Bitcoin and Ethereum futures contracts round-the-clock.
▪️ The contracts will be backed by Coinbase Financial Markets and cleared through Nodal Clear, ensuring clear institutional framework.
Coinbase greenlights 24/7 futures trading for Bitcoin and Ethereum Futures
Coinbase has announced the decision to launch 24-hour trading functionality for US-based traders on May 9 2025, just 24 hours after the US congress advanced a bill for crypto stablecoin regulations. However, until now, US traders have faced limited access due to fixed market hours and contract expiration policies.
By introducing 24/7 trading, Coinbase aims to eliminate inefficiencies that prevent traders from reacting to price movements in real time.
Perpetual futures to bridge US trading inefficiencies
In addition to continuous trading access, Coinbase is also developing a perpetual-style futures contract. Unlike standard futures, these contracts do not have expiry dates, allowing traders to maintain positions indefinitely.
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The new perpetual-style contracts aim to provide US traders with more efficient hedging and strategy e*******n.
Without the constraints of fixed expirations, traders can implement long-term positions without disruptions. Furthermore, the introduction of a regulated perpetual futures market within the US could reduce reliance on offshore exchanges, which have historically offered more competitive alternatives.
Crypto Regulations remain a crucial factor. In recent years, Coinbase has worked closely with the Commodity Futures Trading Commission (CFTC) to ensure compliance while expanding derivatives offerings to altcoins.
The US Congress also advanced a bill for Crypto stablecoin regulations this week as the T******************n continues to push for crypto reserves, to mitigate mounting national debt.
Key points Coinbase users must note:
▪️ Coinbase Derivatives launches 24/7 Bitcoin and Ethereum futures for US traders on May 9.
▪️ The exchange is developing perpetual-style futures to eliminate contract expirations, enhancing trading flexibility within US markets.
▪️ Coinbase’s move is expected to boost institutional crypto adoption while reducing the need for offshore derivatives platforms.
Currently, derivatives account for over 75% of total crypto trading volume globally, according to CCdata.
Investors anticipate that the Coinbase imminent furtures trading launch could drive more capital inflows towards BTC and ETH derivatives markets.
At press time Bitcoin futures open interest stands at $53 billion according to Coingecko data, up 1.6% within the last 24 hours.
Market participants anticipate that the upcoming futures launch and perpetual contract developments will drive greater institutional participation in US-based crypto derivatives.
Perpetual futures lack expiration dates, enabling traders to hold positions indefinitely, providing better flexibility for long-term strategies.
@ Newshounds News™
Source: FX Street
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XRP AND U.S. TREASURY: RIPPLE MIGHT GIFT XRP AS CODE TO THE GOVERNMENT
John Squire, a social media influencer with a growing presence in the digital asset space, posted a tweet raising the possibility that XRP could be incorporated into the U.S. government infrastructure through non-commercial means.
In his post, Squire stated, “XRP x U.S. Treasury. This ain’t hype, it’s infrastructure. Ripple might gift $XRP as code to the gov. They won’t buy it… they’ll use it. Are you watching or still sleeping?”
The Concept of a G****s Vendor
Squire’s message was accompanied by a short video clip (link below) of an interview in which an unidentified speaker (Newshounds believes it is Commerse Secretary Howard Lutnick) described the process of becoming a “g****s vendor” for the U.S. government. The speaker explained that a g****s vendor is an approved entity that gives, rather than sells, a product or service to the federal government.
According to this explanation, when a vendor provides a product as a gift—especially if offered to an entity under Article II of the U.S. Constitution, which includes the executive branch—the product may be accepted without going through standard procurement procedures.
In the interview, the first speaker said, “What is a g****s vendor? A g****s vendor is an approved vendor for the United States of America that gives product to the government, doesn’t sell it. Therefore, I don’t have to go through the whole process of becoming a proper vendor because you’re giving it to us.”
The speaker went on to say that if the product is gifted to a government department, it bypasses much of the bureaucracy typically involved in federal acquisitions.
Implications for XRP and Ripple
Squire used this segment to suggest that Ripple Labs could utilize the g****s vendor model to offer XRP or XRP-related code to the U.S. government as a non-commercial resource.
The core implication in Squire’s statement is that Ripple would not sell XRP to the government but provide it or its infrastructure freely for governmental use.
The tweet did not contain any formal confirmation from Ripple or any government entity that such an arrangement is currently in place. However, it aligns with previous conversations in the digital asset space about the potential role of XRP in the modernization of governmental and financial systems.
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Squire’s emphasis on the infrastructure aspect of the tweet indicates that he sees this potential move not as a marketing strategy or speculative hype but as a functional step toward broader adoption of distributed ledger technology within federal agencies.
Current Status and Outlook
If Ripple pursues this approach, it could theoretically allow government entities to evaluate or deploy XRP-powered systems without needing to engage in standard procurement or regulatory clearance typically required for financial acquisitions. While speculative, Squire’s commentary underscores the view held by some in the digital asset community that XRP’s real-world utility could extend into official public-sector functions.
@ Newshounds News™
Source: Times Tabloid
Video Clip: X com
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Source: Dinar Recaps
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