Crypto & Blockchain Daily Brief Thursday, June 19, 2025

3iQ, a Canadian investment fund manager, has launched the XRPQ exchange-traded fund (ETF) on the Toronto Stock Exchange, making it the third crypto ETF in Canada. XRPQ allows investors to gain exposure to the price movements of XRP, the native cryptocurrency of the Ripple network. The ETF aims to provide investors with a way to invest in XRP without having to directly hold the digital asset themselves. The XRPQ ETF will track the performance of XRP through an index that uses pricing data from various cryptocurrency exchanges. It will be available for trading on the Toronto Stock Exchange under the ticker symbol XRPQ. This launch follows the successful introduction of other crypto ETFs in Canada, including those tracking bitcoin and ethereum. 3iQ has a track record of launching innovative investment products in the crypto space, including the first bitcoin fund in Canada. The addition of the XRPQ ETF to its lineup further expands the options available to Canadian investors looking to diversify their portfolios with exposure to digital assets. This move also reflects the growing interest in cryptocurrencies among traditional investors and the increasing acceptance of digital assets in the financial industry. Overall, the launch of the XRPQ ETF by 3iQ provides Canadian investors with another avenue to invest in the digital asset space, specifically targeting XRP. The availability of this ETF on the Toronto Stock Exchange signals a broader trend of mainstream adoption of cryptocurrencies and the development of new investment products to meet the demands of a changing financial landscape.

The article discusses how Nobitex, a cryptocurrency exchange based in Iran, has exploited the TRON network to gain $48 million. Nobitex allegedly used a vulnerability in the TRON network to manipulate the price of TRX and generate profits for itself. TRON is a popular blockchain platform known for its decentralized applications and token TRX. The exploit was reportedly achieved through a smart contract that allowed Nobitex to manipulate the TRX price on its platform. By artificially inflating the price of TRX on Nobitex, the exchange was able to sell the tokens at a higher price and generate significant profits. This manipulation reportedly led to a loss of $48 million for TRX holders on the Nobitex exchange. The TRON Foundation has been made aware of the exploit and is reportedly taking steps to address the issue. The foundation has stated that it is investigating the matter and working to prevent similar attacks in the future. TRON has also advised users to be cautious when trading on exchanges and to report any suspicious activities to the appropriate authorities. Overall, the exploit by Nobitex highlights the vulnerabilities that can exist in blockchain networks and the importance of maintaining security measures to protect users and prevent fraudulent activities. It also serves as a reminder for users to exercise caution when trading cryptocurrencies and to be aware of the risks involved in the market.

Iranian cryptocurrency exchange Nobitex was recently hacked for $47 million by a suspected Israeli group. The attack took place during the early hours of June 18th, resulting in the theft of various cryptocurrencies from the exchange. The hackers managed to gain access to Nobitex's hot wallets, which are online wallets used for everyday transactions. The stolen funds were transferred to different wallets, making it challenging to track and recover them. Nobitex has assured its users that their assets are safe, as the majority of funds are stored in cold wallets, which are offline and less susceptible to hacking. The exchange is working with cybersecurity experts and law enforcement agencies to investigate the incident and identify the perpetrators. Nobitex has also promised to compensate affected users for their losses, although the exact details of the reimbursement process have not been disclosed. This hack comes at a time when cryptocurrency exchanges around the world are facing increased security threats from cybercriminals. The incident highlights the importance of implementing robust security measures to protect digital assets and prevent unauthorized access to funds. Overall, the Nobitex hack serves as a reminder of the risks associated with storing and trading cryptocurrencies on online platforms. Users are advised to exercise caution and choose reputable exchanges with strong security protocols to safeguard their investments.

Bitcoin prices remained steady after the Federal Reserve announced its decision to keep interest rates unchanged. The Fed indicated that it would maintain the target range for its federal funds rate at 0% to 0.25%, as part of its efforts to support the economy during the ongoing pandemic. Despite concerns about inflation and the potential impact on the cryptocurrency market, Bitcoin showed resilience and remained largely unaffected by the Fed's decision. Bitcoin's ability to shrug off the Fed's announcement could be attributed to several factors. One reason could be the increasing adoption of Bitcoin by institutional investors and large corporations, which has helped to stabilize its price. Additionally, Bitcoin's limited supply and its decentralized nature make it an attractive asset for investors seeking a hedge against inflation and economic uncertainty. The stability in Bitcoin's price following the Fed's decision contrasts with traditional markets, where stocks experienced a slight dip after the announcement. This divergence suggests that Bitcoin is increasingly being viewed as a separate asset class, with its own unique characteristics and market dynamics. As Bitcoin continues to gain mainstream acceptance and recognition as a legitimate investment option, its resilience in the face of external factors such as central bank policies could further solidify its position in the financial landscape. Overall, Bitcoin's ability to maintain its value amid the Fed's decision highlights the growing confidence in the cryptocurrency as a store of value and a hedge against economic volatility.

Shiba Inu (SHIB) has experienced an unexpected surge, gaining over 10% in just a few hours. This surge seems to be a result of the recent listing of SHIB on the popular cryptocurrency exchange, Crypto.com. SHIB has now become available for trading on the platform, leading to increased interest and trading volume. The sudden spike in SHIB's price has caught many investors by surprise, as the overall cryptocurrency market has been relatively stable. This surge has propelled SHIB to the 1010th position in terms of market capitalization, marking a significant milestone for the meme-based cryptocurrency. Despite the recent surge, it is essential to approach investments in meme coins like SHIB with caution, as they are known for their volatility and speculative nature. Investors should conduct thorough research and consider the risks involved before investing in such assets. The listing of SHIB on Crypto.com has undoubtedly played a significant role in the recent surge, as it has provided more accessibility and exposure to the cryptocurrency. This development has also sparked renewed interest in SHIB and could potentially lead to further price increases in the future. Overall, the unexpected surge in SHIB's price highlights the unpredictable nature of the cryptocurrency market and the importance of staying informed and vigilant as an investor. While meme coins like SHIB can offer quick gains, they also come with high risks, and investors should proceed with caution when considering such investments.