China News Daily Official TheBitTimes.com

Ethereum (ETH) is firmly on the radar of the world’s largest asset manager, and they’re buying. A lot. Every day. Indeed, BlackRock has been buying Ethereum every single day for more than two weeks straight, and they don’t seem to be slowing down. According to fresh data from Arkham Intelligence (June 11), BlackRock has scooped up a total of $570 million worth of ETH over the past two weeks. The buying spree is notable not just for its size, but for its consistency: BlackRock has purchased Ethereum daily for over two weeks, a pattern rarely seen from a player of this size. BlackRock ETH buys. Source: Arkham At the time of writing, Ethereum is trading at $2,733, and BlackRock now holds around 1.487 million ETH, currently valued at $4.06 billion. While this is still smaller than its massive Bitcoin position — BlackRock holds 662,871 BTC, worth roughly $70.98 billion, the pace of its ETH accumulation is turning heads. BlackRock ETH and BTC holdings. Source: Arkha...

Payments-focused crypto asset XRP has suddenly broken out in price, surpassing the market cap of Solana (SOL) and Tether’s USDT after outperforming the market. XRP hit a price of $2.81 early on Monday and has since retraced slightly to $2.68, giving it 424% gains in the last 30 days. At time of writing, XRP has a market cap of $152.5 billion and a fully diluted valuation of $257.4 billion, making it the third-largest crypto asset. Last week, reports surfaced from Fox News’ Eleanor Terret that global exchange-traded fund (ETF) giant WisdomTree had filed for a spot XRP ETF product in the state of Delaware. Now, official filings with the SEC for the product have been released for WisdomTree’s “WisdomTree XRP fund,” which aims to give investors exposure to XRP through issuing shares of the fund on the Cboe BZX Exchange. The filing names Coinbase, the biggest crypto exchange in the US as the fund’s custodian. “Coinbase serve...