Spot XRP ETF Launch, SHIB Telecom Utility, CZ AI Book Scam
Canary Capital is set to launch the first spot XRP ETF this week, following its Form 8-A filing with the US SEC and removal of a delaying amendment. The XRP ETF could debut as early as Thursday, according to Bloomberg’s Eric Balchunas. Shiba Inu has partnered with Unity to integrate SHIB into telecom infrastructure verification, tapping into a $2 trillion global market. SHIB holders will be able to purchase Unity nodes and licenses via a dedicated SHIB payment gateway, boosting real-world utility. Meanwhile, Binance founder Changpeng Zhao issued a scam alert on social media, warning of an AI-generated fake autobiography titled “Beyond Borders” circulating on Apple Books and other platforms. CZ confirmed the book is fraudulent and urged caution against AI-based crypto scams.
Bullish
The imminent launch of a spot XRP ETF typically drives demand by granting institutional and retail investors direct market exposure, as seen with past Bitcoin and Ethereum ETFs. Concurrently, Shiba Inu’s partnership with Unity to integrate SHIB into telecom infrastructure verification enhances token utility and adoption, strengthening its fundamentals. While CZ’s scam alert may heighten caution, it does not materially affect market sentiment. Overall, the combination of ETF approval and real-world use cases is likely to generate bullish momentum in both the short and long term.