In a significant move within the crypto world, Kim Kardashian announced her partnership with Kanye West to work on prison reform alongside former President Trump. Although Kanye is not directly involved in the financial aspects, Kardashian's announcement underscores her active role in social justice issues. Meanwhile, the cryptocurrency market is experiencing heightened activity. Notably, Robinhood has begun supporting cryptocurrencies like Solana, XRP, and Pepe, lending them legitimacy amidst their fluctuating values. Recent reports indicate a rebound for Solana and Cardano following their removal from exchanges amid regulatory scrutiny linked to Binance and Coinbase lawsuits. FEX is emerging as a favored cryptocurrency exchange, emphasizing low fees and security for traders. Off the back of these developments, Ethereum has seen an unprecedented influx through ETFs, suggesting that an 'Ethereum season' may be imminent. Institutional investors are increasingly leaning towards Ethereum, echoing its comparison to 'digital silver' as it joins Bitcoin in the spotlight. Following the SEC's clarification of XRP's status as not being a security, thereβs optimism for a potential XRP ETF from institutional giants like Vanguard, enhancing the credibility and attractiveness of crypto investments. This synergy of social reform efforts, institutional alignment, and evolving crypto policies presents a unique intersection in contemporary financial and social landscapes.
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