crypto

Sage D. Young6/16/25

Purpose Investment’s spot XRP ETF to begin trading in Canada on June 18

XRP bounced on news that asset management company Purpose Investment’s spot XRP ETF will begin trading on the Toronto Stock Exchange on Wednesday, according to a press release, which said the Ontario Securities Commission granted a “final prospectus receipt for the Purpose XRP ETF, marking a significant milestone in the evolution of digital asset investing in Canada.”

The price of XRP, the fourth-largest cryptocurrency by market capitalization, has gained 7.3% in the last 24 hours, outpacing bitcoin, ethereum, Solana, and dogecoin, data from CoinGecko shows.

The Purpose XRP ETF enables investors to gain exposure to the token without directly owning XRP and is the first spot XRP ETF available in North America, though there is a leveraged XRP ETF from Teucrium Investment Advisors that launched in April.

A number of US firms including Bitwise, 21Shares, and Grayscale are gearing up to roll out their own spot XRP ETFs. Elsewhere, asset manager Hashdex launched a spot XRP ETF in Brazil in April.

The announcement comes after Trident Digital Tech Holdings, Webus, and VivoPower International have each adopted an XRP crypto treasury strategy.

More Crypto

crypto

Sage D. Young14h

Riot Platforms rises following Q1 revenue beat

The bitcoin miner turned data center operator released first-quarter earnings that surpassed expectations for revenue. Shares built on strong gains from Thursday’s session in after-hours trading following the results.

Riot Platforms reported:

Q1 revenue of $167.2 million, growing 3.6% from the same quarter a year ago and surpassing analysts’ expectations of $131 million.
A diluted loss per share of $1.44, much worse than analysts’ consensus estimate of a $0.72 loss, which includes unrealized loss on its bitcoin holdings.

The bulk of company’s revenue stems from its bitcoin mining activity, which made up $111.9 million in the quarter, while its data center housing revenue stood at $33.2 million, per its press release.

The first quarter of 2026 marks an inflection point for Riot. CFO Jason Chung said on Thursday in the firm’s Q1 earnings conference call, “With the delivery of our first 5 megawatts to AMD this quarter, Riot is now an active data center operator, and for the first time, our top line now includes contracted lease revenue from an investment-grade tenant.”

The earnings report comes the same week the company announced amending its $200 million credit agreement with Coinbase by replacing a floating interest rate with a fixed rate, according to an SEC filing dated on Monday.

Trump-backed World Liberty token sinks to new all-time low amid governance proposal to unlock 62 billion tokens

The top 22 addresses voting in favor control 4.8 billion tokens, making up the majority of “yes” votes.

UAE-ECONOMY-CRYPTO-CONFERENCE

Yaël Bizouati-Kennedy

writing on the wall

Merger of Twenty One with Strike and Elektron may portend the future for digital asset treasury companies

“The market is realizing it simply isn’t a strong long-term company model.”

Merge

crypto

Sage D. Young4/29/26

Dogecoin and other canine tokens lead the pack as wider crypto market remains flat

Dogecoin, the meme coin beloved by Elon Musk with a market capitalization of $16.5 billion, is outpacing its peers bitcoin and etheruem in the last 24 hours, jumping nearly 9% to trade at nearly $0.11.

Also among the top 10 gainers in the period are ethereum-based dog token shiba inu and solana-native canine coin bonk, each increasing over 3%, data from CoinGecko shows.

In another positive sign for the meme coin, dogecoin ETFs have only recorded monthly inflows since their November listing, bringing in a cumulative net flow of $9.6 million, according to SoSoValue.

However, traders expect dogecoin to trade lower soon. Prediction market-implied odds of the cryptocurrency sliding below $0.08 stand at 76% on Wednesday morning.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Yaël Bizouati-Kennedy

Analyst: “Strategy has been the single biggest factor” for bitcoin’s recent rally

Specifically, Bitwise’s Matt Hougan credited STRC, Strategy’s perpetual preferred equity instrument, for the price action, as the proceeds have enabled the company to continue to buy bitcoin at a constant pace.

Saylor and a big bitcoin

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