China News Daily Official TheBitTimes.com

Summary ⚈ Brazil’s first spot XRP ETF (XRPH11) launched with strong double-digit gains. ⚈ The ETF mirrors XRP’s price, but gains remain modest due to Brazil’s smaller market. ⚈ Focus shifts to potential U.S. spot XRP ETF approval later this year. The world’s first spot XRP exchange-traded fund (ETF) is off to an impressive start in the first days of its launch, posting double-digit gains. Listed under the ticker XRPH11 on Brazil’s B3 stock exchange, the XRP HASH CI ETF ended the April 28 session trading at R$22.10 ($3.98), up over 1.22% for the day and has climbed 10.50% since going live on April 25. The standout performance followed a massive late-session surge, with the ETF spiking sharply from R$19.87 ($3.58) to R$22.10 ($3.98) in the final hour of trading. XRPH11 all-time price chart. Source: TradingView The ETF is issued by Hashdex, a Brazilian crypto asset manager that has previously launched similar funds for Bitcoin (BTC) and Ethereum ...

Source: Fiserv Fiserv , the US-based payments and financial-technology group, has signed a definitive agreement to purchase Money Money Serviços Financeiros , a São Paulo fintech that finances small and medium-sized businesse s (SMBs) through Brazil’ s central-bank receivables registry. Terms were not disclosed, and the transaction is expected to close in the second quarter of 2025, subject to regulatory approval. Brazilian push builds on Clover launch The acquisition is designed to accelerate the roll-out of Fiserv’s Clover point-of-sale ecosystem in Latin America’s largest economy. By folding Money Money’s lending engine into Clover, Fiserv aims to offer Brazilian merchants an integrated package of payments, business-management tools and working-capital advances, a combination it believes will strengthen merchant loyalty and open new revenue streams. Fiserv only introduced Clover in Brazil in December, making the country the thirteenth market for its cloud-base...

BRICS members China and Brazil officially announced to settle payments in local currencies to reduce dependency on the US dollar. This comes after China imposed an additional 34% tariffs on all US goods entering the country in a countermeasure to Trump. Several countries are expressing their displeasure against the US tariffs and finding alternatives to the dollar to safeguard their economies. Also Read: BRICS: New Country Rejects National Currency for Oil, Demands US Dollar In addition, China also announced the restriction of local companies from investing in the US. The move stops the inflow of funds to the US making the markets slow down. The US could lose billions worth of institutional investment from China as a countermeasure to Trump’s tariffs. Read here to know how many sectors in the US will be impacted if BRICS uses local currencies for trade. Also Read: BRICS Considers New Financial Options For Trade Settlements JUST IN: China to impose additional 34% tariff on US g...