The U.S. XRP spot ETF has captured $118 million, representing 0.98% of the total XRP supply, as the cryptocurrency trades around $0.20. This development marks a significant milestone in the adoption of XRP-based financial products.
Meanwhile, Shiba Inu (SHIB) futures experienced a dramatic 3000% liquidation imbalance, resulting in the liquidation of $122,000 in long positions. This volatility highlights the risks associated with trading meme-based cryptocurrencies.
In another major development, JPMorgan has launched MONY, the first tokenized money market fund on the Ethereum network. This product represents a significant step in the integration of traditional finance with blockchain technology.
XRP ETF Secures 0.98% of Supply; Shiba Inu Faces 3000% Liquidation Imbalance
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