XRP Futures ETFs, Bitcoin Supply Trends, and UK Crypto Accelerator
In this episode of the Crypto Daily Brief, the discussion begins with a welcome and an overview of the top stories in the crypto space. The episode highlights a significant milestone as Bitcoin's exchange supply reaches its lowest level since 2019, driven by growing institutional demand. It also covers the SEC's approval of XRP Futures ETFs and Ripple Labs' recent settlement. The conversation then shifts to Coinbase's partnership with Founders Factory to launch a UK crypto accelerator. Additionally, Citi's projections on stablecoin market growth and the factors influencing this trend are explored. The episode concludes with closing remarks and an invitation to follow for more updates.
Key Points
- Bitcoin exchange supply has dropped to its lowest level since 2019, driven by increased institutional demand and a shift towards self-custodial wallets.
- The United States Securities and Exchange Commission has approved the launch of XRP Futures Exchange-Traded Funds, facilitating easier institutional investment in XRP.
- Citi projects the stablecoin market could reach between $1.6 trillion and $3.7 trillion by 2030, underscoring the growing importance of blockchain technology in financial systems.
Speakers
Michelle
Host • 100%
Chapters
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Transcript
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