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XRP Scam Alert: Investigation Launched into Bogus BlackRock Trust Filing in Delaware
An investigation has been initiated by state authorities in Delaware following the discovery of a fraudulent filing claiming that global asset manager BlackRock registered an “iShares XRP Trust” in the state. Unearthed on November 13, this deceptive registration briefly caused a ripple in the market, leading to a momentary surge of approximately 12% in the price of XRP before the misinformation was debunked.
Upon revealing the false registration, Delaware’s Division of Corporations promptly escalated the matter to the Delaware Department of Justice. The misleading filing implied that BlackRock, a financial powerhouse, was in the process of introducing an XRP-linked exchange-traded fund (ETF) in the United States. The use of BlackRock managing director Daniel Schwieger’s name in the registration raises concerns of potential fraud, particularly if XRP transactions were implicated.
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Bitcoin's Options Market Surpasses Its Futures Market, Indicating Increased Sophistication
This year has witnessed a resurgence in the crypto market, with bitcoin (BTC) experiencing a doubling in value, purportedly driven by heightened haven demand, the enthusiasm surrounding spot ETFs in the U.S., and dovish expectations from the Federal Reserve.
In a noteworthy development, the BTC options market has now surpassed the futures market in terms of open interest (OI). Currently, the U.S. dollar value locked in active options contracts stands at $17.39 billion, nearly 10% higher than the open interest of $15.84 billion in futures, as reported by data source CoinGlass.
Unlike options, spot and futures markets are one-dimensional, allowing speculation solely on the direction of the price. Futures contracts obligate a buyer to pay for and a seller to deliver a specific asset at a future date. Generally considered riskier than options, futures involve greater leverage, enabling traders to control assets of significantly higher value. This exposes futures traders to potential outsized losses exceeding the value of their initial deposit and to forced liquidations by exchanges.
Disney Partners with Dapper Labs to Introduce NFT Pin Collection & Trading Platform
In collaboration with Dapper Labs, Disney has unveiled Disney Pinnacle, an NFT platform that allows fans worldwide to explore, collect, trade, and showcase digital pins featuring characters from Disney, Pixar, and Star Wars.
Each NFT pin showcases an illustration or animation of a Disney character, complemented by a virtual magnetic clasp. Certain pins will offer "magical" interactions, including video projections.
Expected to launch on the Apple iOS App Store later this year, Disney Pinnacle is set to provide fans with an engaging platform. Those interested can join the waitlist now to be among the first to access the platform and commence building their digital Disney pin collection.
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