The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Thursday! In the first episode of The Block's latest podcast — Layer One — co-hosts Kelvin Sparks and Steven Gates were joined by Dragonfly Managing Partner Haseeb Qureshi and Fintech Collective General Partner Sean Lippel to discuss how poker logic meets crypto reality.
In today's newsletter, Bitwise launches a spot XRP ETF in the U.S., RippleX explores the potential for native XRP staking, Core Foundation secures an injunction against Maple Finance's rival bitcoin yield product, and more.
Meanwhile, the UK Serious Fraud Office arrests two men accused of a $28 million crypto hedge fund rug pull.
P.S. Don't forget to check out The Funding, a biweekly rundown of crypto VC trends. It's a great read — and just like The Daily, it's free to subscribe!
Bitwise launched its U.S. spot XRP ETF on Thursday under ticker XRP, waiving its 0.34% management fee for the first month on the first $500 million in assets.
RippleX Head of Engineering J. Ayo Akinyele and outgoing Ripple CTO David Schwartz outlined how native staking could work on the XRP Ledger, while stressing that such ideas remain exploratory and complex.
A Cayman Islands court granted Core Foundation an injunction blocking Maple Finance from launching a rival bitcoin yield product over alleged misuse of confidential information and breach of an exclusivity clause.
Cipher Mining secured a full-site lease with Fluidstack for its 300-MW Barber Lake campus, adding $830 million in contracted revenue and up to $2 billion if optional extensions are exercised.
Coinbase now lets verified U.S. users (excluding New York) borrow up to $1 million in USDC against their ETH via Morpho, expanding its fast-growing onchain lending suite.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT and reviewed and edited by our editorial team.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
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