On April 8th, according to Bloomberg, alternative asset management company Tecrium Investment Advisors LLC officially launched a leveraged ETF linked to cryptocurrency XRP, the first product in the US market to offer such exposure. XRP is the fourth largest cryptocurrency in the world by market value, with a market value of approximately $111 billion, and is also a core asset in the recent investigation by US regulators into Ripple Labs Inc. According to the Teucrium official website, the product called "Teucrium 2x Long Daily XRP ETF" will achieve twice the leverage return on XRP daily returns through swap contracts, and will be officially listed on the trading platform on Tuesday with the trading code XXRP and an annualized fee rate of 1.85%. The launch of this product marks another bold attempt by traditional financial institutions in the layout of encrypted assets, and also reflects the increasing market attention to the potential of XRP. It is worth mentioning that there is currently no active trading of XRP futures contracts on mainstream commodity trading platforms in the United States. However, Teucrium stated in the fund prospectus that it may include XRP futures and other financial instruments that can provide exposure to this asset in the future. Teucrium was founded in 2010 and currently manages assets worth $311 million. It has 12 ETFs covering various alternative markets.

BlockBeats News: On April 8th, according to The Washington Post, over the past weekend, when Elon Musk repeatedly posted on social media criticizing the tough tariff plan pushed by one of President Trump's main White House advisers, he had actually bypassed the official and directly appealed to Trump himself. According to two informed sources (who requested anonymity due to private conversations), Musk's intervention has not yet been effective. However, Trump also expressed an open attitude towards negotiating certain policy contents. At the same time, Musk uploaded a video of the late conservative economist Milton Friedman on the X platform, in which Friedman emphasized the benefits of international trade cooperation, calling it the "depersonalized operation of prices," and analyzed the global sources of its various raw materials using an ordinary wooden pencil as an example.

1. Expectations of emergency interest rate cuts by the Federal Reserve rise 2. Global bank presidents hold talks on Trump tariff crisis 3. Pakistan appoints CZ as cryptocurrency strategic advisor 4. Standard Chartered Bank believes that Bitcoin will rebound to the level of $84000 5. Galaxy Digital approved for listing in the United States 6. The report on cryptocurrency holdings by federal agencies in the United States is about to be submitted 7. KuCoin obtains SOC 2 Type II certification 8. JPMorgan CEO warns tariffs could trigger economic downturn The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/452744

Odaily Daily reported that in the two trading days following Trump's announcement of the tariff plan on April 2nd, over 500 billionaires worldwide lost more than $500 billion in wealth. The Bloomberg Billionaires Index shows that Musk remains the world's richest man, with a loss of $134.7 billion so far this year. On Monday Eastern Time, his wealth fell to $297.8 billion, marking the first time since November 2024 that his net worth has fallen below $300 billion. (Golden Ten)

Galaxy Digital plans to redomicile in Delaware and list shares on Nasdaq after May 9 shareholder vote.