Articles for category: Crypto

September 19, 2025

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XRP and Dogecoin ETFs Launch with a Record-Breaking $54.7 Million Day-One Trading Surge

In a historic entrance into the U.S. market, spot exchange-traded funds (ETFs) for both XRP and Dogecoin made a remarkable debut on Thursday, accumulating an impressive combined trading volume of $54.7 million on their first day. The REX-Osprey XRP ETF, identified by the ticker symbol XRPR and trading on the CBOE, achieved a phenomenal trading volume of $37.7 million. This figure not only set a new record for the highest debut of any ETF this year, but it also surpassed the previous record held by the Wedbush AI Revolution ETF, which was led by analyst Dan Ives. Based on data

September 19, 2025

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XRP and Dogecoin ETFs Soar on Launch Day, Amassing $54.7 Million in Trading Volume

In a landmark moment for cryptocurrency investment, two exchange-traded funds (ETFs) linked to XRP, a payment-centric digital asset, and Dogecoin, the beloved meme cryptocurrency, launched successfully in the United States on Thursday, recording an impressive combined trading volume of $54.7 million on their inaugural day. The REX-Osprey XRP ETF, trading under the ticker symbol XRPR, led the way with a remarkable first-day trading volume of $37.7 million. This figure stands out as the highest debut volume for any ETF launched this calendar year, surpassing the previous record held by the Wedbush AI Revolution ETF (IVES), according to insights from Bloomberg’s

September 19, 2025

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Canadian Authorities Under Fire for TradeOgre Crypto Seizure

Supporters and users of TradeOgre, a cryptocurrency exchange platform, have voiced their dissatisfaction following the Royal Canadian Mounted Police’s (RCMP) recent seizure of the platform and its cryptocurrency assets. The RCMP announced on Thursday that it had executed what it describes as the largest cryptocurrency seizure in Canadian history, amounting to over 56 million Canadian dollars (approximately $40.6 million). The law enforcement agency contends that TradeOgre is associated with money laundering activities, asserting that the exchange did not register with Canada’s financial intelligence unit, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). According to the RCMP, the platform

September 19, 2025

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Backlash Erupts Over RCMP’s Seizure of TradeOgre Cryptocurrency

Users and advocates of TradeOgre, a cryptocurrency exchange platform, are expressing significant outrage following the Royal Canadian Mounted Police’s (RCMP) recent seizure of the site and its digital assets. The RCMP’s action has been met with accusations of unjustly penalizing innocent users for the alleged misconduct of a few individuals. On Thursday, the RCMP announced they had executed what they described as “the largest cryptocurrency seizure in Canadian history,” confiscating over 56 million Canadian dollars (approximately $40.6 million) from TradeOgre. This centralized exchange has been criticized for not implementing Know Your Customer (KYC) protocols, which the agency claims facilitated criminal

September 19, 2025

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Bitcoin Analysts Wary of Major Price Drop as Market Dynamics Shift

Amid a fluctuating cryptocurrency market, some analysts are cautioning Bitcoin investors about the potential for a significant price correction. In a recent interview, renowned crypto analyst Benjamin Cowen suggested that Bitcoin could see a drawdown of up to 70% in the next bear market. Cowen noted that historical patterns indicate substantial declines often occur following soaring price rallies. He pointed to earlier cycles where Bitcoin experienced sharp downturns of 94%, 87%, and approximately 77%. “Does it have to happen? No, but history would at least caution us to at least believe that it might,” Cowen stated, implying the need for

September 19, 2025

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Expert Warns of Potential 70% Bitcoin Decline Amid Market Speculation

As the cryptocurrency market continues to evolve, investors may soon have another opportunity to accumulate Bitcoin. Leading analyst Benjamin Cowen has suggested that Bitcoin could see a staggering 70% decline in the upcoming bear market, a concern that has sparked varied opinions among market watchers. In a recent interview with Kyle Chasse, Cowen reflected on historical drawdowns in Bitcoin’s price, noting that previous cycles have seen drops of 94%, 87%, and approximately 77%. He stated, “I would say maybe a 70% drawdown from whatever the all-time high ends up.” While he acknowledges that such an occurrence is not guaranteed, he

September 19, 2025

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PayPal Expands PayPal USD Stablecoin to Eight New Blockchains

In a significant development for the cryptocurrency landscape, PayPal has announced the expansion of its PayPal USD (PYUSD) stablecoin across eight additional blockchains. This initiative includes a strategic integration with LayerZero’s Stargate Hydra bridge, which facilitates permissionless transactions for PYUSD. According to LayerZero’s statement released on Thursday, the new version of PayPal USD — referred to as PYUSD0 — will be fully fungible and compatible with the existing PYUSD. This update will allow for seamless interoperability across several blockchains, deepening the stablecoin’s accessibility and functionality in the crypto space. The newly supported blockchains include Tron, Avalanche, Aptos, Abstract, Ink, Sei,

September 19, 2025

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PayPal Expands Its USD Stablecoin Across Eight New Blockchains

In a significant move to enhance its crypto offerings, PayPal has announced the expansion of its PayPal USD (PYUSD) stablecoin to eight additional blockchain networks. This initiative sees PYUSD becoming accessible through a collaboration with LayerZero’s Stargate Hydra bridge, which will facilitate a new, permissionless version of the stablecoin, referred to as PYUSD0. The newly supported blockchains include Tron, Avalanche, Aptos, Abstract, Ink, Sei, and Stable. Additionally, existing permissionless iterations of PYUSD on Berachain (denoted as BBYUSD) and Flow (referred to as USDF) will be transitioned to the updated PYUSD0 version. This expansion also comes with the announcement of PYUSD’s

September 19, 2025

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EY-Parthenon Report Highlights Stablecoins’ Potential in Revolutionizing Global Transactions

Stablecoins are rapidly gaining traction in the financial ecosystem, with an increasing number of corporations and institutions recognizing their potential to transform global payment systems, according to a recent survey conducted by EY-Parthenon. The report indicates that 13% of financial firms and businesses around the world have already integrated stablecoins into their operations. Notably, over half of those yet to adopt these digital currencies anticipate implementation within the next six to twelve months. This signifies a significant shift in the landscape of international finance. Furthermore, EY-Parthenon projects that by 2030, stablecoins could facilitate between 5% to 10% of cross-border payments,

September 19, 2025

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Stablecoins Poised to Revolutionize Cross-Border Payments, Says EY-Parthenon Report

According to a recent survey conducted by EY-Parthenon, the adoption of stablecoins is gaining traction among corporations and financial institutions, particularly in the realm of cross-border transactions. Currently, approximately 13% of global financial entities and businesses utilize stablecoins, with over 50% of non-adopters planning to integrate them within the next 6 to 12 months. The report projects a significant shift in the landscape of international payments, estimating that by 2030, stablecoins could account for 5% to 10% of all cross-border transactions, translating to a staggering $2.1 trillion to $4.2 trillion. Stablecoins are increasingly recognized as a solution to enhance global