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Coinbase to Launch Mag7 Crypto-Equity Index Futures on September 22
Coinbase is launching the Mag7 Crypto-Equity Index futures on September 22. The new product will combine exposure to both traditional equities and crypto ETFs. The Mag7 index includes top stocks like Apple, Microsoft, Amazon, and Tesla. Coinbase will include its own stock and BlackRocks Bitcoin and Ethereum ETFs. The product will follow an even-weighted methodology, with each asset accounting for 10%. Coinbase has announced plans to launch a new product in its growing suite of offerings. The crypto exchange aims to expand into traditional equities by launching equity index futures. This new product, the Mag7 Crypto Equity Index futures, will...
World Liberty Financial Token (WLFI) Price Potential Soars Despite Initial Retracement
The recent debut of the World Liberty Financial token (WLFI) in the cryptocurrency market has generated considerable buzz, despite facing notable price retracements within just 24 hours of trading. Despite WLFIs 25% price retrace in the 24-hour time frame, one market analyst believes that the cryptocurrency has the potential to emerge as this years cult coin, with significant price potential for the remainder of the bull cycle. In a detailed post on X (formerly Twitter), analyst Virtual Bacon drew comparisons to previously called cult coins, such as XRP in 2017 and Dogecoin (DOGE) in 2021, suggesting that WLFI could follow...
Vet Defends XRPLs Decentralized Governance Model Against SWIFT CIO Criticism
Vet defends XRPLs decentralized governance model against SWIFT CIOs criticism. XRP Ledger operates under neutral shared governance similar to Bitcoin and Ethereum. Ripple does not control the XRPL ensuring no single company skews rules. David Schwartz emphasizes XRPLs decentralization over Bitcoins proof-of-work. Vet highlights misconceptions about XRPs centralization in response to SWIFTs concerns. Vet, a validator on the XRP Ledger (XRPL), recently responded to comments made by Tom Zschach, Chief Innovation Officer at SWIFT. Zschach questioned the resilience of blockchain networks, claiming that surviving lawsuits does not indicate robustness. He also stated that institutions prefer neutral, shared governance for financial...
