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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Bitcoin Layer2 network Botanix Mainnet launched, block time significantly increased to 5 seconds.
Gate News bot news, CoinDesk reported that the Bitcoin Layer 2 network Botanix achieved its Mainnet launch on July 1, with block generation speed reduced from the original 10 minutes to 5 seconds. The network adopts an Ethereum Virtual Machine (EVM) compatible design, supporting the direct migration of Ethereum ecosystem applications to the Bitcoin network.
The Mainnet is operated by a decentralized alliance composed of 16 institutions including Galaxy Digital and Fireblocks, and plans to expand the number of nodes to over 100 by 2026. Also launched alongside the Mainnet are Bitcoin DeFi ecosystem products: BTC collateralized stablecoin Palladium and decentralized exchange Bitzy.
The CEO of Botanix Labs emphasized that the network strictly adheres to the self-custody and open participation principles of Bitcoin, aiming to build a fully decentralized Bitcoin financial system (BTCFi). Currently, similar scaling solutions in the market include projects like Rootstock and Stacks that adopt the BitVM computing paradigm.