The podcast discusses several cryptocurrency news items, including a new XRP spot ETF filing by Wisdom Tree, a tokenized money market fund launched on the XRP ledger, and allegations that Cardano and Ripple were excluded from a Wyoming stablecoin pilot. Additionally, the host discusses the shutdown of Solana's Pump Fund due to risky user behavior, positive developments for Solana and Avalanche, and a new investment round in Open Trade.
XRP Spot ETF Filing
• 00:01:32 Wisdom Tree Funds, a global ETF provider, filed for an XRP spot ETF in Delaware. They already have Bitcoin and Ethereum ETFs, indicating a potential shift toward more altcoin ETFs. The host believes that the anticipated pro-crypto regulatory environment in 2025, with Donald Trump as president, will lead to more favorable ETF approvals.
Tokenized Money Market Fund
• 00:03:07 R Checks, in collaboration with Ripple, launched the first tokenized money market fund on the XRP Ledger, providing tokenized access to Arpadine's $3.8 billion liquidity fund. This initiative signifies blockchain development and adoption, boosting the value of the XRP Ledger and XRP token, which is beneficial to XRP holders.
Wyoming Stablecoin Pilot
• 00:05:04 Charles Hoskinson, Cardano's founder, claims that Cardano and Ripple were excluded from a Wyoming stablecoin pilot program funded by taxpayer dollars. He suggests bias from the project leader, a former Consensus employee, and intends to investigate and potentially take legal action. Hoskinson also calls on the XRP community to support his efforts.
Solana's Pump Fund Shutdown
• 00:07:46 Solana's Pump Fund, a meme coin platform, was shut down due to risky user behavior, including extreme measures to increase token value. The host supports the free market but believes that guardrails are necessary to prevent scams and protect users. The host also anticipates future regulation for such platforms.
Solana & Avalanche Developments
• 00:09:26 Solana's monthly decentralized exchange (DEX) volume surpassed $100 billion, highlighting significant adoption and activity in the ecosystem. Avalanche 9000, a new version of Avalanche, is launching on Testnet, offering technical improvements and retroactive rewards for builders. Both Solana and Avalanche are seen as promising projects with potential for future growth.