Episode 387
📍 Grayscale Investments has filed an application with the SEC to convert its XRP Trust into an ETF, which would be listed on the New York Stock Exchange and track XRP's performance.
📍 A class action lawsuit claims that Solana-based meme coin factory Pump.fun operated an illegal securities exchange, potentially exposing the $50 billion meme coin market to regulatory scrutiny.
📍 Tether's USDT stablecoin is coming to Bitcoin and the Lightning Network, marking a significant milestone for both Tether and Bitcoin, and allowing millions of people to use the Bitcoin network to send dollars globally.
📍 Bitcoin's price rally has stalled just shy of record highs, while gold and gold-backed tokens have surged, with gold hitting a record high of $2,799 per ounce and Tether gold (XAUT) rising to its lifetime high of $2,796.
