News

ChainCatcher reported that Franklin Templeton launched the XRP Exchange-Traded Fund—Franklin XRP Trust (XRPZ)—on the New York Stock Exchange Arca platform on Monday, providing investors with a regulated investment channel for XRP tokens. This move brings one of Wall Street's oldest financial institutions into the growing ranks of XRP fund issuers, a field that already includes Bitwise, Grayscale Investments, and Canary Capital. The launch expands Franklin Templeton's lineup of crypto products. The company currently manages ETFs linked to bitcoin, ethereum, and XRP, as well as its diversified digital asset fund, allowing traditional investors to access a broader range of crypto assets without the need for self-custody.

According to ChainCatcher, citing a certain information platform, last week the market (especially the crypto market) experienced a significant downturn, but on Monday this week, sentiment saw at least a temporary reversal—investors were buoyed by Amazon (AMZN) announcing plans to expand artificial intelligence and supercomputing infrastructure for the US government, with a maximum investment of $50 billion. This news pushed the Nasdaq up 2.3% and the S&P 500 up 1.4% by noon Eastern Time. Risk appetite also spread to the crypto market, with the price of bitcoin rebounding to $87,300 after having fallen below $80,000 on Friday. Nevertheless, bitcoin is still down more than 7% week-on-week. Among the biggest beneficiaries of the positive news from Amazon are bitcoin mining companies that have adjusted their business models to focus on AI infrastructure and high-performance computing: · Cipher Mining (CIFR) surged 18% · CleanSpark (CLSK) and IREN (IREN) both rose 13% · Hut 8 (HUT) increased by 9%. Other crypto-related companies also generally moved higher, including a certain exchange, Galaxy Digital (GLXY), and Bullish (BLSH), with gains of 4%-5%.