Crypto & Blockchain Daily Brief Saturday, April 19, 2025

HashKey Capital, a digital asset management company, has launched the first XRP tracker fund with backing from Ripple. The fund will allow investors to gain exposure to XRP, the native cryptocurrency of the Ripple network, without directly holding the digital asset. This move aims to make it easier for institutional investors to invest in XRP, which has faced regulatory challenges in the past. The XRP tracker fund will be structured as a security token, providing investors with a regulated and compliant way to access the XRP market. HashKey Capital's partnership with Ripple is significant as it demonstrates Ripple's commitment to expanding the XRP ecosystem and making the cryptocurrency more accessible to a wider range of investors. The fund will be available to accredited investors and will adhere to regulatory requirements in different jurisdictions. By offering a regulated investment vehicle for XRP, HashKey Capital aims to attract institutional investors who may have been hesitant to invest in the cryptocurrency due to regulatory uncertainty. The launch of the XRP tracker fund comes at a time when Ripple is facing legal challenges from the U.S. Securities and Exchange Commission (SEC) over the sale of XRP. Despite these challenges, Ripple continues to push forward with initiatives to expand the use and accessibility of XRP. Overall, the launch of the XRP tracker fund by HashKey Capital represents a significant step towards making XRP more mainstream and accessible to institutional investors, despite the regulatory hurdles that Ripple is currently facing.

Canary Capital, a financial services company, has filed for a new exchange-traded fund (ETF) called the Staked TRON ETF. This ETF aims to provide investors with exposure to TRON (TRX) while earning staking rewards. Staking is a process where users lock up their cryptocurrency holdings to help validate transactions on a blockchain network and earn rewards in return. The Staked TRON ETF will track the performance of TRX, the native token of the TRON blockchain, and generate additional returns through staking rewards. TRON is a popular blockchain network known for its focus on decentralized applications and content sharing. Canary Capital's decision to launch the Staked TRON ETF comes at a time when interest in staking and passive income opportunities in the cryptocurrency market is growing. Staking allows investors to earn additional tokens by participating in the network's operations, providing an alternative way to generate returns beyond simply holding cryptocurrencies. By offering exposure to TRON and staking rewards in a traditional investment vehicle like an ETF, Canary Capital aims to provide investors with a convenient way to gain exposure to the cryptocurrency market while earning additional income through staking. The Staked TRON ETF is expected to attract investors looking for a diversified and passive way to invest in TRON and participate in the growing trend of staking in the crypto industry.

The article discusses how the Oregon Attorney General has revived a case against Coinbase, a popular cryptocurrency exchange platform. The case, originally brought by the US Securities and Exchange Commission (SEC) in 2020, accused Coinbase of misleading customers about the security and liquidity of its platform. The SEC alleged that Coinbase had violated securities laws by offering unregistered securities in the form of digital tokens and that it had engaged in market manipulation practices. Although Coinbase settled with the SEC in 2020, agreeing to pay a $6.5 million penalty, the Oregon Attorney General recently filed a notice of intent to take enforcement action against the company. The notice alleges that Coinbase violated Oregon securities laws by offering and selling unregistered securities. The Attorney General's action is significant as it demonstrates continued scrutiny of cryptocurrency exchanges by state authorities. Coinbase is a leading platform in the cryptocurrency space, and this case could set a precedent for how state regulators view and regulate similar platforms in the future. The article concludes by highlighting the importance of regulatory compliance in the cryptocurrency industry, as exchanges like Coinbase must navigate a complex and evolving legal landscape to ensure they comply with securities laws and protect their customers. The outcome of this case could have far-reaching implications for the broader cryptocurrency market.

A Brazilian court has sentenced the operator of a large cryptocurrency Ponzi scheme to 128 years in prison. Claudio Oliveira was found guilty of running the fraudulent scheme that defrauded thousands of investors. Oliveira's company, the Bitcoin Banco Group, promised high returns to investors but failed to deliver. The scheme collapsed in 2019, leaving many investors empty-handed. The court found Oliveira guilty of crimes such as embezzlement, money laundering, and misappropriation of funds. The judge noted that Oliveira's actions had caused significant financial losses to many individuals who had trusted him with their money. The sentence of 128 years is one of the longest ever handed down in Brazil for financial crimes. The case highlights the risks associated with investing in cryptocurrencies and the importance of conducting thorough research before investing in any scheme. Authorities have been cracking down on fraudulent cryptocurrency schemes, but investors should remain vigilant and cautious when dealing with such investments. The sentencing of Oliveira sends a strong message that those who engage in financial fraud will face severe consequences. Overall, the article discusses the sentencing of Claudio Oliveira, the operator of a cryptocurrency Ponzi scheme in Brazil, to 128 years in prison for defrauding investors. The case serves as a warning about the dangers of fraudulent schemes in the cryptocurrency space and emphasizes the need for investors to be cautious and informed when making investment decisions.