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XRP, Dogecoin ETFs Among Best Debuts of the Year with $55 Million in Combined Volume

The latest crypto exchange-traded funds hit the market on Thursday and did so in somewhat historic fashion.

The REX-Osprey XRP ETF (ticker XRPR) finished the day trading $37.7 million in volume, which is the largest day-one volume launch of the year out of 710 launches, according to Bloomberg. The REX-Osprey DOGE ETF (DOJE) did about $17 million in volume, which puts it in the top five.

"Good sign for the onslaught of 33 Act ETFs coming soon," Bloomberg Intelligence Senior ETF Analyst Eric Balchunas said in a post on X. The Securities Act of 1933 was used by issuers of spot Bitcoin and Ethereum ETFs.

PayPal Stablecoin Tops $1.3 Billion as PYUSD Expands to Tron, Avalanche

PayPal’s PYUSD stablecoin expanded to nine new blockchains on Thursday after LayerZero, an interoperability protocol, unveiled additional support for the token in a blog post.

The stablecoin, which was introduced two years ago, can now be used on Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron, LayerZero said. The expansion was enabled through Stargate, a bridge connecting over 80 blockchains that was acquired by LayerZero last month.

PayPal’s first payment service debuted nearly a decade before Bitcoin’s first block was mined, but the firm has faced stiff competition within the cryptosphere. Stablecoin issuers Tether and Circle have had years to refine their products, but PYUSD is still fairly new.

Paypal’s stablecoin had a market capitalization of $1.3 billion on Thursday, according to crypto data provider CoinGecko. Although that represented an all-time high in terms of PYUD’s adoption, Tether and Circle’s stablecoins were worth $171 billion and $74 million, respectively.

Coinbase Adds USDC Lending With Morpho and Steakhouse Financial

Coinbase launched USDC lending powered by DeFi protocol Morpho.

Users earn interest from borrowers, including Coinbase’s crypto-backed loan customers.

The move builds Coinbase’s first full onchain lending and borrowing ecosystem.

White House Weighs More Candidates for CFTC as Nominee Stalls

The White House is weighing additional candidates to chair the Commodity Futures Trading Commission as the confirmation process for Brian Quintenz to lead the regulator has stalled, according to people familiar with the matter.

An additional slate of potential picks to lead the CFTC has emerged, with discussions picking up in recent weeks. The possible contenders include government officials focused on crypto policy, said the people, who asked not to be identified discussing personnel decisions.

The CFTC, which oversees trillions of dollars in swaps trading, is poised to gain more sway over digital assets under legislation being considered in Congress.

BREA Stock Skyrockets on $300M Solana Treasury Pivot

Sports holding company Brera Holdings is becoming a Solana treasury, the Nasdaq-listed firm announced Thursday.

The company's stock rocketed 225.5% on the news after receiving big backing to buy the cryptocurrency.

It is the latest in a crowded market of altcoin treasuries—but it promises it will be different.

Kraken and Legion Team Up to Offer ICO-Like Token Sales

Kraken is launching ICO-like token sales via a new tie-up with Legion.

This opens token sales to more than 15 million global users.

The return of token sales comes as the US crypto crackdown eases.

Bitcoin & Ethereum Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Thursday was $163.03 million. The total net asset value of Bitcoin spot ETFs is $155.05 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.62%.

The Bitcoin spot ETF with the highest net inflow on September 19 was Fidelity Wise Origin Bitcoin Fund (FBTC), with a net inflow of $97.35 million, according to SoSoValue.

Source: SoSoValue

The overall net inflow of the US Ethereum spot ETF on Thursday was $213.07 million. The total net asset value of Ethereum spot ETFs is $30.54 billion, and the ETF net asset ratio (market value compared to total Ethereum market value) is 5.49%.

The Ethereum spot ETF with the highest net inflow on September 19 was Fidelity Ethereum Fund (FETH), with a net inflow of $159.38 million, according to SoSoValue.

Source: SoSoValue