Morning Crypto Report: Ripple's Largest Stablecoin Mint Stuns XRP With $59 Million; 162,874,151,430 Shiba Inu (SHIB) Reactivated by Major Exchange After Three Weeks; Dogecoin (DOGE) Finally Breaks $0 ETF Streak

TL;DR:

Ripple stuns market with $59 million stablecoin mint on XRP, Shiba Inu (SHIB) reactivates 162. 87 billion tokens after three-week silence, DOGE breaks zero Dogecoin ETF streak as Tuesday opens with high voltage.

Key Points:

Background:

Exchange-Traded Funds (ETFs) are investment vehicles that track cryptocurrency prices and trade on traditional stock exchanges. Bitcoin and Ethereum ETF approvals have been major milestones for crypto adoption, allowing institutional and retail investors to gain exposure without directly holding digital assets.

Why It Matters:

ETF approvals are significant because they provide regulated access to cryptocurrency investments for traditional finance investors, potentially bringing billions in new capital to the crypto market. They also signal regulatory acceptance and legitimization of digital assets as an investment class.