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Trust Wallet’s TWT token jumps over 40% on Binance co-founder’s statement

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Key Takeaways

  • Trust Wallet’s TWT token spiked over 40% following Binance co-founder CZ’s remarks about its expanding utility.
  • Trust Wallet recently unveiled a new strategy including loyalty rewards and ecosystem incentives to boost TWT’s role and user growth.

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Trust Wallet’s TWT, the governance and utility token of the Trust Wallet ecosystem, climbed over 40% after Binance co-founder Changpeng “CZ” Zhao spoke about its evolution and growing use cases.

“TWT token started as an experiment. The FDV got too high quickly. They burned 99% of the supply, but didn’t have too many use cases for it. Now that’s expanding,” CZ wrote on X on Friday.

TWT rose from around $0.89 to over $1.2 minutes after CZ’s statement. The token briefly hit $1.3 on Binance.

CoinGecko data shows the token now trades above $1.1, down over 50% from its $2.7 all-time high established in late 2022.

Trust Wallet is implementing a new strategy to enhance utility and user engagement for Trust Wallet Token (TWT), according to a tokenomics litepaper released on Thursday. The team aims to enhance TWT’s utility and user engagement with its new roadmap.

The platform, which supports more than 100 blockchains, plans to implement tiered loyalty rewards, improved service features, and community incentives to boost TWT’s role within its ecosystem.

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REX-Osprey XRP ETF sees $37.7M in record debut trading volume

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Key Takeaways

  • XRPR ETF posted $37.7M in first-day volume, the biggest debut of 2025.
  • REX-Osprey’s Doge ETF launched alongside it, recording $17M and ranking top five out of 710 launches.

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XRPR, the ticker symbol for the REX-Osprey XRP ETF, recorded $37.7 million in trading volume today on its debut. The U.S.-listed fund provides spot exposure to XRP.

The debut volume surpassed $IVES for the biggest day-one volume of any 2025 launch, while the REX-Osprey Doge ETF, which debuted alongside the XRP fund, recorded $17 million in trading volume, placing it in the top five of 710 launches this year, according to a post by Eric Balchunas on X.

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Royal Government of Bhutan transfers $107M in Bitcoin to new wallets

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Key Takeaways

  • The Royal Government of Bhutan moved $107 million in Bitcoin to a new wallet.
  • The transfer is part of Bhutan’s ongoing crypto asset activities.

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The Royal Government of Bhutan transferred $107 million worth of Bitcoin to new wallets today.

The move represents one of the latest crypto asset transactions by the Himalayan nation, which has been actively involved in Bitcoin operations. The transfer was tracked through blockchain records showing the movement of the digital assets to a different wallet address.

Bhutan has emerged as one of the few countries to directly engage in Bitcoin mining and holdings, utilizing its abundant hydroelectric power resources for cryptocurrency operations.

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REX-Osprey launches XRP and DOGE ETFs trading

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Key Takeaways

  • Rex-Osprey introduced the first US-listed spot ETFs tied to XRP and Dogecoin.
  • Filing under the 1940 Act allowed the funds to bypass traditional SEC approval delays.

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REX-Osprey, a partnership between REX Shares and Osprey Funds, today launched the first U.S.-listed spot ETFs providing direct exposure to XRP and Dogecoin.

The new exchange-traded funds allow investors to gain exposure to XRP, a digital cryptocurrency created by Ripple Labs for fast international transfers, and DOGE, a meme-inspired digital asset, without directly owning the underlying cryptocurrencies.

The ETFs were filed under the Investment Company Act of 1940, a regulatory framework that has allowed issuers to bypass some traditional SEC approval delays for alternative crypto assets.

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CME to launch Solana and XRP futures options on October 13, 2025

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Key Takeaways

  • CME Group will launch futures options for Solana (SOL) and XRP.
  • The launch date is set for October 13, 2025.

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CME Group will launch futures options for Solana and XRP on October 13, 2025.

The Chicago-based derivatives exchange will add the new crypto derivatives products to its existing digital asset offerings. The launch will provide institutional and retail traders with additional tools to hedge positions and speculate on price movements for both digital assets.

The futures options will be based on CME’s existing Solana and XRP futures contracts. Trading will be conducted through CME Globex, the exchange’s electronic trading platform.

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REX Shares’ Solana staking ETF sees $10M inflows, AUM tops $289M for first time

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Key Takeaways

  • REX Shares’ Solana staking ETF saw $10 million in inflows in one day.
  • Total inflows over the past three days amount to $23 million.

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REX Shares’ Solana staking ETF recorded $10 million in inflows yesterday, bringing total additions to $23 million over the past three days. The fund’s assets under management climbed above $289.0 million for the first time.

The SSK ETF is the first U.S. exchange-traded fund focused on Solana staking.

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Spot gold price reaches new all-time high above $3,700

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Key Takeaways

  • Spot gold reached a record high above $3,700 per ounce.
  • Gold continues to hit successive new highs in recent trading sessions.

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Spot gold hit a new all-time high today, breaking above $3,700 per ounce.

The precious metal reached this record level as trading continued in global markets. Gold has been climbing to successive new highs in recent sessions.

The milestone represents another breakthrough for the metal, which has been attracting investor attention amid ongoing market conditions.

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