Stablecoin company Cap has raised $11 million in seed funding led by Franklin Templeton, Susquehanna International Group, and Triton Capital to advance its yield-generating stablecoin protocol. Franklin Templeton Backs Cap’s $11M Seed Round Stablecoin company Cap has raised $11 million in a seed funding round led by Triton Capital, Franklin Templeton, and Susquehanna International Group. […]

Cap Secures $11M Seed Funding From Franklin Templeton, Susquehanna for Stablecoin Innovation

Asset manager Teucrium Investment Advisors is set to launch the first XRP- 
based exchange-traded fund in the US markets, a leveraged XRP (ETF) on the 
NYSE Arca.
The Teucrium 2x Long Daily XRP ETF will seek to offer investors two times the 
daily return of the XRP (XRP) token with a 1.85% management fee and annual 
expense ratio, according to the company&#8217;s website. The XRP-based ETF will 
trade under the XXRP ticker beginning April 8.
&#8220;If you have a short-term high-conviction view on XRP prices, you may consider 
exploring the Teucrium 2x Long Daily XRP ETF,&#8221; the alternative asset manager 
said.
XXRP currently has $2 million worth of net assets.
_Details of Teucrium &#8216;s soon-to-be-launched XXRP ETF. Source: __Teucrium_
Teucrium founder and CEO Sal Gilbertie told Bloomberg on April 7 that 
investors had shown strong interest in an XRP ETF and hinted that it may file 
to list more crypto ETFs in the future.
Gilbertie was also pleased that XXRP would launch during a market downturn 
driven largely by US President Donald Trump&#8217;s tariffs.
&#8220;What better time to launch a product than when prices are low?&#8221; Gilbertie 
told Bloomberg.
## Likelihood of an approved spot XRP ETF still high: Analyst
Bloomberg ETF analyst Eric Balchunas said it was &#8220;very odd&#8221; to see a new 
asset&#8217;s first ETF come in leveraged form &#8212; however, he added that the odds of 
a spot XRP ETF being approved remain &#8220;pretty high.&#8221;
_Source:__Eric Balchunas_
Several spot XRP ETF applications from the likes of Grayscale, Bitwise, 
Franklin Templeton, Canary Capital and 21Shares are being reviewed by the 
Securities and Exchange Commission.
In February, Balchunas and fellow Bloomberg ETF analyst James Seyffart 
attributed 65% approval odds to a spot XRP ETF in 2025.
Predictions market Polymarket states there is currently a 75% chance that the 
SEC will approve a spot XRP ETF in 2025.
_**Related:**__**XRP price sell-off set to accelerate in April as inverse cup 
and handle hints at 25% decline**_
Up until recently, ETF issuers would have seen a different environment for 
filing for XRP ETFs as Ripple Labs &#8212; the creators of the XRP token &#8212; and the 
SEC battled out a four-year court battle over XRP&#8217;s security status.
That case came to a close last month.
Teucrium has amassed over $310 million worth of assets under management since 
it was founded in 2010.
It offers mostly agricultural commodities, such as ETFs tracking the likes of 
corn, soybeans, sugar and wheat.
_**Magazine:**__**XRP win leaves Ripple and industry with no crypto legal 
precedent set**_

US to get its first XRP-based ETF, launching on NYSE Arca

Teucrium Investment Advisors LLC is set to launch the first-ever leveraged XRP 
exchange-traded fund in the U.S., following approval by the Securities and 
Exchange Commission. The fund, called the Teucrium 2x Long Daily XRP ETF, will 
begin trading on NYSE…

Teucrium to launch first leveraged XRP ETF in the U.S. after SEC approval

Digital asset investment products experienced $240 million in outflows last 
week, primarily driven by concerns over global economic headwinds. However, 
blockchain equities attracted $8 million in inflows as investors capitalized 
on recent price dips. Crypto Fund Outflows Hit $240M, but Blockchain Equities 
Draw Fresh Inflows Digital asset funds faced $240 million in outflows last 
week, […]

Coinshares: Digital Asset Funds See $240 Million Outflows Amid Global Economic Jitters

While crypto and stock markets are deep in the red this week, one memecoin is 
defying the trend and surging at the time of writing.
Fartcoin (FARTCOIN) has surged a whopping 30% over the past 24 hours, topping 
$0.60 on April 8, according to CoinGecko.
On April 7, the Solana-based memecoin hit a low of $0.42 amid the broader 
crypto market slump, which saw Bitcoin (BTC) prices fall below $75,000 to a 
five-month low.
However, since then the token has gained more than 40% and is one of the 
crypto market&#8217;s top performers at the moment.
Crypto trader &#8220;RookieXBT&#8221; told their 484,000 followers that Fartcoin volume 
was increasing &#8220;while the world falls apart,&#8221; adding, &#8220;No other coin is doing 
this.&#8221;
The financial parody account &#8220;Not Jerome Powell&#8221; quipped, &#8220;hot air rises,&#8221; 
noting that every asset was down aside from Fartcoin. 
Stock markets across the globe slumped on April 7 in reaction to Donald 
Trump&#8217;s sweeping trade tariffs.
_S &amp;P 500 tanked almost 10% over the past week. Source: __Google Finance_
The Fartcoin token, which launched in October with no utility, has defied the 
markets several times before by bouncing upward when other assets have tanked. 
Bitcoin dumped 6% on April 3 in a fall from above $87,000 to around $81,500. 
Fartcoin was one of the first to recover, surging 36% the following day.
Additionally, the token saw its market capitalization top $1 billion in 
December during a wider slump for altcoins.
_Goldbug Peter Schiff responds to Fartcoin prices. Source:__X_
It hit an all-time high of $2.48 during the peak of the memecoin frenzy in 
mid-January. However, it has since retreated 76% from those levels as the 
memecoin bubble burst.
## Other memecoins also bounce upward
A related Solana memecoin based on a comic book character called Fartboy 
(FARTBOY) is also surging, having gained 60% to top $0.03 on April 8, 
according to CoinGecko.
However, this memecoin is also down 85% from its mid-February peak.
_**Related:**__**Memecoins 2.0: The market crashed, but the billion-dollar 
circus rolls on**_
Other memecoins outperforming the wider crypto market at the moment include 
SPX6900 (SPX), which is up 11.5%; Cheems Token (CHEEMS), which has gained 
10.5%; AI Companions (AIC), currently up 10%; and Mog Coin (MOG), which has 
surged 33% on the day.
Even the memecoin stalwarts Dogecoin (DOGE) and Shiba Inu (SHIB) have 
outperformed Bitcoin over the past 24 hours.
_**Magazine:**__**Financial nihilism in crypto is over &#8212; It&#8217;s time to dream 
big again**_

Wall Street is suffering a stinky meltdown while Fartcoin is up 30%

Cardano price started a recovery wave above the $0.5680 zone. ADA is 
consolidating near $0.60 and remains at risk of more losses. ADA price started 
a recovery wave from the $0.510 zone. The price is trading below $0.620 and 
the 100-hourly simple moving average. There is a connecting bearish trend line 
forming with resistance at $0.60 on the hourly chart of the ADA/USD pair (data 
source from Kraken). The pair could start another increase if it clears the 
$0.60 resistance zone. Cardano Price Faces Resistance In the past few days, 
Cardano saw a fresh decline below the $0.60 level, like Bitcoin and Ethereum. 
ADA declined below the $0.550 and $0.540 support levels. A low was formed at 
$0.5106 and the price started a recovery wave. There was a move above the 
$0.540 and $0.5550 levels. The price cleared the 50% Fib retracement level of 
the recent decline from the $0.6712 swing high to the $0.5106 low. Cardano 
price is now trading below $0.620 and the 100-hourly simple moving average. On 
the upside, the price might face resistance near the $0.60 zone. There is also 
a connecting bearish trend line forming with resistance at $0.60 on the hourly 
chart of the ADA/USD pair. The first resistance is near $0.610 or the 61.8% 
Fib retracement level of the recent decline from the $0.6712 swing high to the 
$0.5106 low. The next key resistance might be $0.6320. If there is a close 
above the $0.6320 resistance, the price could start a strong rally. In the 
stated case, the price could rise toward the $0.680 region. Any more gains 
might call for a move toward $0.70 in the near term. Another Drop in ADA? If 
Cardano’s price fails to climb above the $0.60 resistance level, it could 
start another decline. Immediate support on the downside is near the $0.5680 
level. The next major support is near the $0.5550 level. A downside break 
below the $0.5550 level could open the doors for a test of $0.5320. The next 
major support is near the $0.50 level where the bulls might emerge. Technical 
Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is 
now above the 50 level. Major Support Levels – $0.5680 and $0.5550. Major 
Resistance Levels – $0.6000 and $0.6100.