Ethereum has once again made headlines by climbing to a fresh all-time high, confirming the strength of its ongoing uptrend. However, despite the bullish price action, warning signs are flashing on the technical front as the Relative Strength Index (RSI) shows a rare divergence. With price pushing higher but momentum indicators losing steam, ETH now faces a critical test on its path toward the much-anticipated $5,000 milestone. Ethereum Breaks Record With Weekly Close Above $4,600 GrayWolf6, in a recent post on X, highlighted that ETH has achieved a significant milestone by closing the weekly candle above $4,600. This level had previously marked the highest weekly close, and as anticipated, ETH went on to set a new all-time high (ATH) last week. Related Reading: Ethereum Price Squeezed In Falling Channel – Bulls Eye Rebound To $4,788 If This Support Holds Currently, ETH is trading within the upper resistance zone of the $3,900–$4,800 range. This region is historically challenging and could invite selling pressure as traders look to secure profits. GrayWolf6 noted that his outlook is for ETH to attempt a push beyond the $5,000 mark. Such a move would not only confirm strong bullish momentum but also open the door for further upside targets as buyers maintain control of the trend. He added that the $5,100 level is especially critical to watch in the coming days. GrayWolf6 concluded by stating that he will be monitoring developments closely throughout the week and sharing updates accordingly. Choppy Price Action Likely As Market Tests Momentum Another analyst, Cryptonite, recently shared an update highlighting the mixed signals currently appearing on Ethereum’s chart. He noted that the chart is presenting a rare and somewhat messy pattern, where price has been making higher highs while the RSI has printed lower highs, a classically bearish divergence. However, the RSI is also showing higher lows, which signals that the downside momentum may not be as strong as it initially appears to be. Related Reading: Ethereum Price Crash: $2 Billion In Losses Is Waiting For Traders At This Level This unusual setup has left ETH in a rather complex position. Cryptonite explained that as long as the RSI maintains these higher lows, the long-term outlook remains favorable for the bulls, despite the short-term volatility. This makes sense given that ETH is currently trading around its all-time high levels, a zone that naturally attracts both profit-taking and renewed buying interest, leading to unpredictable price swings. Another factor worth watching, according to Cryptonite, is trading volume. Despite ETH recording higher highs in price, volume has been declining, which could be a warning sign of weakening momentum. Until stronger participation returns, ETH’s next major move may remain uncertain, with volatility likely to dominate in the short term. Featured image from iStock, chart from Tradingview.com
SOL is starting to look like ETH's biggest threat.
Entering the market early can be the game-changer for anyone looking at explosive upside. A top crypto presale gives the advantage of buying at a fraction of the future launch price, locking in potential for major returns. The key is finding projects that combine strong narratives, credible development, and active ecosystems. Mid-August 2025 has seen a handful of presales stand out from the crowd, each for different reasons, from unique token utility to strong branding that resonates with the community. Among these, Cold Wallet has made significant noise with its aggressive growth strategy and well-defined ecosystem. Maxi Doge leans into meme coin culture with bold marketing, Bitcoin Hyper pushes for technological breakthroughs on Bitcoin’s scalability, and TOKEN6900 proves that raw community hype can drive huge early-stage growth. Each has unique strengths that make them contenders in the top crypto presale space this month. 1. Cold Wallet – Utility at the Core Cold Wallet is in Stage 17 of a 150-stage top crypto presale , with each stage increasing the token price. Right now, CWT trades at $0.00998, with $5.9 million already raised and over 703 million tokens sold. The launch price is fixed at $0.3517, meaning current buyers are looking at around a 37× potential return. Those who got in at Stage 1’s $0.007 could see up to 50× gains, and projections suggest there’s room for even more as the platform scales. The project’s listing on CoinMarketCap boosts its credibility, making it one of the most-watched presales right now. Its real strength lies in its live mobile app available on Android and iOS, offering cashback in CWT for gas fees, swaps, on/off ramps, and more, all without requiring lockups. The acquisition of Plus Wallet for $270 million instantly brought 2 million active users to the ecosystem. With active referral programs paying in USDT and CWT rewards, Cold Wallet is positioned as a functional, widely usable product that’s ready for mainstream growth. It’s not just a hype token; it’s a real platform with traction in place before launch, making it a front-runner among top crypto presale picks. 2. Maxi Doge – Meme Muscle with Market Momentum Maxi Doge ($MAXI) has been crafting its own lane in the top crypto presale space by fusing meme culture with a bold, gym-inspired brand identity. Priced at $0.111784, its presale has moved fast, hitting $500K early in August, then blasting past $750K by mid-month, and crossing $800K shortly after. This pace suggests the $1M mark is in sight. The supply is set at 150.24 billion tokens, with funds split between marketing, liquidity, development, and a Maxi Fund aimed at expansion. What’s made Maxi Doge stand out is its unapologetic approach to targeting high-energy traders who want more than the typical meme coin. With trading contests and leaderboard competitions planned, it’s not just selling a story; it’s building engagement loops to keep users involved post-launch. Analysts have tipped it as a potential 100× play, thanks to its strong early numbers and branding that cuts through the noise. The combination of aggressive marketing allocation and community buzz puts it firmly among the top crypto presale names of August. 3. Bitcoin Hyper – Bitcoin’s Layer-2 Evolution Bitcoin Hyper ($HYPER) takes a more technical approach to the top crypto presale game. Positioned as the first true Layer-2 for Bitcoin built on the Solana Virtual Machine, it’s tackling Bitcoin’s speed and scalability issues head-on. The presale price sits at around $0.012675, with over $9M raised and a string of high-value whale buys, including one worth $161K. The token allocation prioritizes development, treasury reserves, marketing, rewards, and exchange listings. The platform enables users to lock BTC and mint wrapped versions on its L2, supporting everything from DeFi to payments. With ZK-proof security and periodic settlement on Bitcoin’s base layer, it’s combining scalability with safety. Analysts see big upside potential, with some forecasting up to 2,434% gains by year-end if adoption moves quickly. In a market often dominated by hype over substance, Bitcoin Hyper is appealing to those who want a strong technical foundation alongside the growth potential of a top crypto presale . 4. TOKEN6900 – Pure Meme Power TOKEN6900 ($T6900) proves that even without traditional utility, a meme coin can dominate the conversation in the top crypto presale circuit. With over $1.6M raised so far and a hard cap of $5M, it’s moving quickly through its 30-stage pricing plan, currently around $0.00695 per token. Eighty percent of the 930,993,091 total supply is allocated to presale buyers, with tokenomics geared heavily toward marketing, liquidity, and development. The project thrives on absurdity, branding itself as offering “nothing” except community-driven hype. This approach taps directly into the viral meme coin playbook, where identity and humor are as important as price action. Analysts suggest it could reach $0.05–$0.08 long term, with even more optimistic scenarios for 2026 and beyond. While it’s a high-risk option, TOKEN6900’s rapid funding and strong online presence make it an undeniable contender in the current top crypto presale landscape. Summing Up While each project in this top crypto presale roundup offers something unique, from Maxi Doge’s cultural punch to Bitcoin Hyper’s technical vision and TOKEN6900’s viral energy, Cold Wallet blends all the right elements for long-term impact. It’s already functional, has an existing user base in the millions, and a launch price that gives current buyers a massive potential upside. The combination of working tech, strong financial backing, and clear utility makes Cold Wallet the one to watch closely before this presale moves too far ahead. For those looking to secure a position before the market catches on, this is a window that’s still open, but not for long. Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Top Crypto Presales Turning Heads Right Now appeared first on Times Tabloid .
Pepe price has been rangebound for over a month while the broader market pushes higher – but a Bullish Pennant pattern now hints at a breakout on the horizon, fueling a renewed Pepe price prediction . Since early August, PEPE has dipped over 18% , yet it continues to hold firm above the key $0.00001010 support level. In the past 24 hours, trading volume has surged, initially spiking past $500 million before climbing to over $1.1 billion at the time of writing – a sign that momentum may be shifting. $PEPE this trendline is key to hold above for now. Strong zone at .00001000-.00001050 Volume above 1 billion. #memecoin pic.twitter.com/Nk5vVM3LSL — Pepe Whale (@pepeethwhale) August 25, 2025 This volume surge aligns with historical patterns that previously drove the frog-themed memecoin to a massive 798% breakout. The bullish pennant formation during Ethereum’s strong rally creates a perfect setup for PEPE to make its move. Pepe Price Prediction: Bullish Pennant Reveals Incoming 798% Pump PEPE is currently consolidating within a long-term ascending triangle, with price hugging the lower trendline while holding above the key $0.00001010 support zone. The chart shows a clear resistance band just above $0.00002300 , which has capped multiple previous rally attempts. A confirmed breakout above this level could trigger a massive upside move, with the projected target extending toward $0.00009345 – a potential gain of over 790% from current levels. However, the RSI sits around 40 , suggesting weak short-term momentum, while the MACD histogram shows mild positive divergence. The structure remains bullish as long as the ascending support line holds. If bulls defend the base and break resistance with volume, PEPE could enter a steep rally phase toward new highs. The last time Pepe formed a bullish pennant in November 2023, prices surged 225% within 14 days after the breakout. I can’t get over how good $pepe looks in this bullish pennant. #pepe pic.twitter.com/eepGRm2e1Q — Chandler (@ChandlerCharts) November 17, 2024 It looks like PEPE whales are waking up again to repeat history. A legendary PEPE trader has returned after 5 months of inactivity to buy $2 million worth of PEPE. According to Arkham Intelligence data , the whale still holds 1.31 trillion PEPE at an average cost of $0.00001683. The top 80 PEPE wallets continue increasing their holdings, meaning buyers are outpacing sellers significantly, which is a key requirement for a bullish pennant breakout. Source: Bubblemaps Snorter Bot Presale Mimics Early Pepe Vibes Top meme coins like Pepe are showing signs of life and retail traders are now shifting focus to early-stage projects with 100x potential . One standout presale is Snorter Bot (SNORT) , which gives holders access to a powerful Telegram trading bot designed to automatically detect and buy trending meme coins before they take off. The bot is built to solve the biggest pain points in meme coin trading – from slow swaps to rug pulls and honeypot scams – giving users a faster, safer edge in volatile markets. Unlike many presale tokens that rely on future promises, Snorter Bot has already raised over $3.4 million and is currently in beta testing , with a full launch planned for Q4 2025 . The window to grab $SNORT at its lowest price is closing quickly. Right now, the most cost-effective way to buy is through the ongoing presale , where SNORT is priced at just $0.1023 . You can purchase directly via the Snorter Bot website using SOL, ETH, BNB, USDT, USDC , or even a credit card . Click Here to Participate in the Presale The post Pepe Price Prediction: ‘Bullish Pennant’ Pattern Signals 798% Breakout – Daily Volume Just Shot Past $1 Billion appeared first on Cryptonews .
US President Donald Trump is once again turning his attention to the Federal Reserve (FED) as Chair Jerome Powell adopts a more dovish tone on monetary policy. Trump has openly threatened to dismiss FED Governor Lisa Cook, escalating political pressure on the central bank at a time when markets are already rattled by shifting rate expectations. FED Governor Under Fire Over Trump Fraud Claims Trump’s ongoing clash with the Federal Reserve has intensified, with his latest focus shifting toward Cook, a Biden appointee. Trump has openly declared that if Cook does not resign from her role as the FED Governor, he will move to fire her, citing allegations of mortgage fraud. CNBC’s Sara Einstein revealed that Cook allegedly misrepresented primary residences during her tenure at the FED. Reports further claim that Cook listed an Atlanta property as her primary residence while simultaneously offering it for rent, raising questions about potential misconduct. The controversy quickly escalated after Federal Housing Finance Agency Director Bill Pulte referred the FED Governor to the Department of Justice (DOJ) for criminal investigation. DOJ Special Attorney Ed Martin is now said to be reviewing the matter. Under Section 10 of the Federal Reserve Act, the President can dismiss a FED governor with cause. This means that if evidence substantiates Trump’s claims, Cook’s role could be in jeopardy. However, CNBC’s Steve Liesman argues that this situation appears to be politically motivated. Liesman stressed that foreign and former central bankers view the new focus on Cook as part of Trump’s wider strategy to consolidate influence over the Federal Reserve, rather than an isolated misconduct case. He observed that had it not been Cook, the administration would likely have directed similar scrutiny toward other FED officials in a broader push to exert pressure on the institution. While some see the allegations as a political attack on the Federal Reserve’s independence, Einstein maintains that if Cook indeed violated housing and mortgage laws, the matter deserves full legal attention. For now, Cook remains in her position as FED Governor, but the mounting pressure from the White House signals that the dispute between Trump and the Federal Reserve is far from over. Possible Rate Cuts Put Crypto In Focus Notably, Trump’s threats toward Governor Cook come after Powell struck a more cautious and accommodative tone at the annual Jackson Hole conference this month. The FED Chair signaled that rate cuts could be warranted given the slowing economy and difficulties in the labor market. While he did not explicitly confirm an upcoming monetary easing, Powell emphasized that the Federal Open Market Committee’s (FOMC) decisions would remain guided by economic data and not political influence. Interestingly, the FED Chair’s new dovish stance has sparked discussions across financial markets. For the crypto sector, the implications could be particularly significant. Historically, rate cuts and lower borrowing costs have driven liquidity into riskier asset classes. Cryptocurrencies like Bitcoin and Ethereum typically benefit from the increased capital inflows and bullish sentiment that follow such decisions.
Canary Capital has submitted an application to the U.S. Securities and Exchange Commission for the Canary American‑Made Crypto ETF, proposing to list on the Cboe BZX under the ticker MRCA.
Dogecoin, once dismissed as a meme cryptocurrency, is quietly positioning itself for a potential breakout event in 2025: the approval of a Dogecoin Exchange-Traded Fund (ETF). Such a development could transform DOGE’s market dynamics, attracting institutional capital and fueling a significant price rally. But how likely is ETF approval, and what can investors realistically expect? Why a Dogecoin ETF Matters More Than Ever ETFs have become the bridge between traditional finance and crypto markets. When the first Bitcoin ETF launched in Canada and later in the U.S., it opened the gates for institutional investors who had previously been sidelined by regulatory uncertainty. Dogecoin’s ETF would follow this blueprint, making the asset easily accessible on regulated exchanges for mutual funds, pension plans, and retail investors. According to Crypto Fund Research, the total assets under management in crypto ETFs grew by over 120% in 2024 alone, signaling soaring investor appetite for regulated crypto products. Crypto analyst Altcoin Sherpa recently noted on Twitter, “A Dogecoin ETF isn’t just hype anymore. The SEC is warming up to altcoin ETFs, and DOGE stands a real shot in 2025. The question isn’t if but when.”. What Are the Chances of Approval? The SEC’s regulatory stance has shifted from outright rejection to cautious acceptance. In 2024, the SEC approved several Bitcoin futures ETFs and hinted at the possibility of altcoin ETFs in the near future. Dogecoin’s unique challenge is that it’s considered a “meme coin,” which historically made regulators wary of its volatility and speculative nature. However, growing institutional interest and Dogecoin’s improved network fundamentals are softening this stance. Legal expert and crypto regulatory consultant Jake Chervinsky commented in Forbes. “While the SEC remains cautious, recent statements suggest altcoin ETFs, especially for coins with significant market caps like DOGE, are becoming more plausible. The market should prepare for a potential approval in late 2025.” Analysts estimate the probability of a Dogecoin ETF approval within the next 12-18 months at around 60-70%, factoring in the regulatory environment and market demand. Expected Market Impact: Realistic Gains or Overhyped? When the first Bitcoin ETFs launched, BTC saw a rapid price appreciation of 40-60% in the months following approval, driven largely by fresh institutional money. Dogecoin’s market cap is smaller but growing steadily, currently hovering near $10 billion. This makes it attractive for investors looking for high-beta altcoin exposure. Bloomberg Intelligence analyst Mike McGlone projects that a Dogecoin ETF could trigger a 50-150% price increase in the first year, especially if it coincides with a broader altcoin rally. Moreover, the ETF could drive Dogecoin’s adoption beyond crypto-native investors, as it becomes part of standard investment portfolios and retirement accounts. However, experts warn against expecting a repeat of Dogecoin’s historic parabolic runs without considering wider market trends and macroeconomic factors. Risks Investors Should Not Ignore Even with positive momentum, risks persist. The SEC could delay decisions, or impose conditions that limit the ETF’s impact. Additionally, Dogecoin’s price has been historically volatile, with large swings driven by social media trends and influencer endorsements. Market strategist Lyn Alden noted in her recent newsletter, “ETF approval alone won’t guarantee a sustained rally if macroeconomic headwinds remain strong or if crypto sentiment turns bearish.” What Should Investors Do Now? Given these factors, investors might consider positioning for a potential Dogecoin ETF approval with a balanced approach: Start Small: Accumulate DOGE gradually rather than all at once to manage volatility risks. Follow Regulatory News Closely: ETF approvals hinge on regulatory updates, so staying informed is key. Consider the Bigger Crypto Cycle: Dogecoin will likely perform best if the altcoin season aligns with ETF momentum. Final Takeaway The possibility of a Dogecoin ETF approval in 2025 is no longer just speculative chatter—it’s a tangible event with meaningful market consequences. Analysts and regulatory insiders estimate a solid 60-70% chance the SEC will approve the ETF within the next year or two. For investors, this could mean a rare chance to get in early on a regulated, mainstream crypto product that offers both exposure to the meme coin phenomenon and access to institutional capital inflows. Still, caution is warranted. ETF approval could spark a major rally—but it is just one piece of a complex market puzzle.
BitcoinWorld Anchorage Digital Ventures: A Bold Leap into Crypto’s Future The institutional crypto landscape is buzzing with exciting developments, and a major player just made a significant move. Anchorage Digital, a leading U.S. crypto bank known for its secure and compliant services, has officially unveiled Anchorage Digital Ventures . This new venture investment arm is dedicated to supporting pioneering on-chain protocols, signaling a strong commitment to the future of digital assets. What is Anchorage Digital Ventures and Why Does It Matter? Anchorage Digital Ventures represents a strategic expansion for Anchorage Digital. Its core mission is to invest in and nurture the next generation of blockchain infrastructure. The Block reported on this significant launch, highlighting its importance for the entire crypto ecosystem. This initiative is crucial because it funnels institutional-grade capital and expertise directly into the foundational layers of decentralized technology. By doing so, Anchorage Digital aims to accelerate the development and adoption of robust, secure, and scalable solutions for the digital economy. Pioneering the Next Wave: Where Will Anchorage Digital Ventures Focus? The investment strategy for Anchorage Digital Ventures is sharply focused on areas poised for transformative growth. They are targeting specific sectors that are vital for bridging traditional finance with the burgeoning crypto world. This forward-thinking approach promises to shape how institutions interact with digital assets. Key areas of investment include: Bitcoin DeFi: Exploring decentralized finance applications built on the Bitcoin blockchain, enhancing its utility beyond just a store of value. Real-World Asset (RWA) Tokenization: Facilitating the conversion of tangible assets, like real estate or art, into digital tokens, making them more liquid and accessible. Decentralized Identity: Supporting solutions that empower individuals and institutions with self-sovereign digital identities, improving privacy and security. Infrastructure for Institutional Adoption: Investing in foundational technologies that make it easier, safer, and more compliant for large financial institutions to participate in the crypto market. How Will This Venture Shape the Future of Institutional Crypto? The launch of Anchorage Digital Ventures is more than just a new fund; it’s a powerful statement about the maturity and direction of the institutional crypto market. By actively investing in critical infrastructure, Anchorage Digital is helping to build the rails for widespread adoption. This strategic move offers several benefits: Fostering Innovation: Direct capital injection into promising protocols can accelerate their development and market readiness. Enhancing Trust: Institutional backing lends credibility and stability to emerging blockchain projects. Bridging Gaps: It helps to create the necessary tools and frameworks for traditional finance to seamlessly integrate with decentralized systems. While challenges like regulatory clarity and market volatility persist, this focused investment strategy aims to build resilient solutions capable of navigating these complexities. The Road Ahead for Anchorage Digital Ventures Anchorage Digital Ventures represents a proactive approach to nurturing the foundational layers of the digital economy. This initiative could catalyze innovation and further legitimize the crypto space for mainstream institutional players. Their investments are not just about financial returns; they are about building a more robust, inclusive, and efficient financial future. This strategic move underscores a belief in the long-term potential of blockchain technology and its capacity to reshape global finance. It’s an exciting time to watch how these investments will unfold and what new possibilities they will unlock for the entire industry. Conclusion: A New Chapter for Institutional Crypto Anchorage Digital’s launch of Anchorage Digital Ventures marks a pivotal moment for the institutional crypto sector. By strategically investing in key areas like Bitcoin DeFi and RWA tokenization, they are actively constructing the future infrastructure of digital finance. This bold step promises to accelerate innovation, enhance trust, and ultimately pave the way for broader institutional engagement in the dynamic world of cryptocurrencies. Frequently Asked Questions (FAQs) What is Anchorage Digital Ventures? Anchorage Digital Ventures is a new venture investment company launched by Anchorage Digital, a U.S. crypto bank. It focuses on investing in and supporting promising on-chain protocols and next-generation blockchain infrastructure. What are the primary investment areas for Anchorage Digital Ventures? The firm plans to focus its support on areas including Bitcoin DeFi (decentralized finance on Bitcoin), real-world asset (RWA) tokenization, decentralized identity solutions, and infrastructure designed for institutional adoption. Why did Anchorage Digital launch this venture arm? Anchorage Digital launched this venture arm to actively participate in building the future of digital assets. By investing directly in key infrastructure, they aim to accelerate innovation, foster institutional adoption, and strengthen the overall crypto ecosystem. How will Anchorage Digital Ventures impact the crypto market? This initiative is expected to drive innovation in crucial blockchain sectors, provide much-needed capital to emerging protocols, and help bridge the gap between traditional finance and decentralized technologies, ultimately boosting institutional confidence and participation. Is Anchorage Digital a regulated entity? Yes, Anchorage Digital is a federally chartered crypto bank in the U.S., making it a regulated entity that provides secure and compliant services for institutional clients. Who reported on the launch of Anchorage Digital Ventures? The launch of Anchorage Digital Ventures was reported by The Block, a prominent news source covering the cryptocurrency and blockchain industry. Did you find this article insightful? Share it with your network and spark a conversation about the exciting future of institutional crypto investments! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Anchorage Digital Ventures: A Bold Leap into Crypto’s Future first appeared on BitcoinWorld and is written by Editorial Team
Japan shifts towards supportive crypto regulations heralded by Finance Minister Kato. This move aligns Japan with regions like Hong Kong and Singapore in crypto development. Continue Reading: Japan Leads Bold Move in Cryptocurrency Sphere The post Japan Leads Bold Move in Cryptocurrency Sphere appeared first on COINTURK NEWS .
Canary Capital has applied to launch a spot exchange-traded fund (ETF) dedicated exclusively to US-origin tokens. The firm filed paperwork with the Securities and Exchange Commission (SEC) seeking approval for the Canary American-Made Crypto ETF. According to the company’s S-1 filing submitted last Friday in Delaware, if the product is cleared, it would track the so-called Made-in-America Blockchain Index and would trade on the Cboe BZX Exchange under the ticker “MRCA.” Moreover, the crypto investment vehicle would hold a portfolio of cryptos that meet at least one of three criteria: the asset was originally created in the US, the majority of tokens were minted domestically through native validation methods such as proof-of-work or proof-of-stake, or the protocol’s core operations are US-based. Examples of eligible tokens include Uniswap (UNI), Chainlink (LINK), and Solana (SOL), although the exact composition will depend on index methodology. Get ready for ETF combos, Bloomberg ETF analyst says Bloomberg Senior ETF analyst Eric Balchunas, who first reported the filing on social platform X on Monday, noted that an approval could spur creativity in crypto ETF proposals, and the market will see funds that are very different from the currently approved Bitcoin and Ethereum ETFs. “ As we’ve predicted, thanks to the category’s success, get ready for ETFs to try every combo imaginable ,” Balchunas wrote. I’m not even totally sure what would make it in this and what wouldn’t. Maybe easier to ask: what major coins wouldn’t be in for sure? — Eric Balchunas (@EricBalchunas) August 25, 2025 However, he admitted that there’s an uncertainty over which tokens would definitively qualify. “I’m not even totally sure what would make it in this and what wouldn’t. Maybe easier to ask: what major coins wouldn’t be in for sure?” he posted. The Canary American Made Crypto ETF, which is dubbed a Delaware statutory trust, will issue shares that represent beneficial interests, are continuous, and registered under the Securities Act of 1933. It is different from mutual funds or ETFs governed by the Investment Company Act of 1940, meaning investors will not receive protections typical of regulated investment companies. Alongside passively tracking the Made-in-America Blockchain Index, the trust could seek secondary rewards by participating in network validation activities where possible, the filing read. According to an August 23 Cryptopolitan report , Canary Capital also submitted a revised S-1 form for another spot vehicle, the Canary XRP ETF. That fund would directly hold Ripple’s native token XRP, using the CoinDesk XRP CCIX New York Rate as its benchmark, and listed on the Cboe BZX Exchange. Institutions are more optimistic about XRP fund approvals after the SEC officially dropped its remaining appeal against Ripple in early August, closing a legal dispute that began in December 2020. Judge Analisa Torres had issued a split decision on the SEC’s case against Ripple in July 2023, ruling that XRP qualified as a security when sold to institutional investors, but not when traded on public exchanges. About a year later, she imposed a $125 million fine on Ripple. After Donald Trump’s reelection as the 47th President of the United States, a more crypto-friendly SEC joined Ripple in asking Torres to lift the injunction and reduce the penalty to $50 million. Federal Judge Torres rejected the request, stating that neither party had demonstrated “exceptional circumstances” that would outweigh the public interest in enforcing her earlier ruling. Her ruling has kept the injunction and the $125 million fine in force. “ Accordingly, if jurisdiction were restored to this court, the court would deny the parties’ request to vacate the injunction and reduce the civil penalty ,” she told the two entities’ attorneys. Canary’s filings follow more proposals that have been sent to the SEC, including one from rival asset manager Grayscale Investments which submitted a registration statement to convert its existing private Avalanche Fund into a publicly traded trust. KEY Difference Wire helps crypto brands break through and dominate headlines fast