#XRP ETF上线# XRP is the "Little Bitcoin" or the "Chancellor"! Reform and innovation. Today is Thursday, the interest rate meeting has concluded, and the Federal Reserve cut interest rates by 25 basis points (specifically down 25 basis points to 4.00% to 4.25%), potentially generating positive effects. But this is not the topic we will discuss today. Back to the main text: the past and present of one of the three giants listed on Thursday, XRP. Seeing the title of this article, what is the first thing that comes to your mind? Are you wondering why I would choose to reference such a topic? The following text will give you the answer... Basic Introduction: The Similarities and Differences Between Two Pictures, the Origin of the Position of Chancellor To provide everyone with a better understanding Introduction and Origin of BTC (Supplement) BTC is the world's first cryptocurrency, created during the financial crisis of 2008, when people lost trust in traditional financial systems. Against this background, Satoshi Nakamoto published the "Bitcoin Whitepaper" on October 31, 2008, outlining its design principles. On January 3, 2009, Satoshi Nakamoto mined the first block of Bitcoin (the genesis block), marking the official launch of the Bitcoin network. He left a message in the block: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." This is both a reference to the front page of the Times on that day and a clear expression of satire against the traditional banking system and the original intention of creating Bitcoin. In short, it means: Bitcoin was created to combat the drawbacks of the centralized financial system, aiming to create a completely new, decentralized currency. Now it has succeeded halfway. Introduction and Origin of XRP (Additional Description) The concept of XRP was initially proposed and realized by developers Jed McCaleb and Chris Larsen (the technical idea originated from the Ripplepay project created by Ryan Fugger in 2004, a decentralized currency exchange network. Born in 2012, Jed McCaleb and Chris Larsen took over and transformed this idea, creating OpenCoin (later renamed Ripple Labs), and issued 100 billion XRP tokens.). Thus, a payment tool created by the company, serving the traditional financial system, aimed to become the "highway" for global capital flow. It was born! As of now, the funds circulating on this highway amount to approximately 300 to 1 billion USD daily. During special times, major market movements, significant news, etc., it can temporarily surge to over 2 billion USD. In general, the common point between XEP and BTC is that they are both digital assets based on cryptography and distributed ledger technology, which can be transferred between users and have value storage functions. However, XRP focuses more on Or more accurately, a "distributed ledger" rather than a traditional "blockchain". It merely shares the core concept of a distributed, immutable ledger. A metaphorical way to describe it is that XRP is the chancellor, because BTC was founded during the financial crisis and is more of a safe-haven asset, digital gold. It does not rely on any central authority and pursues absolute independence and security. Moreover, the total supply is limited, and rarity is valuable. The more you mine, the less there is, and the harder it becomes to mine. XRP is more like a reform innovator. Its transaction performance is faster and mainly serves traditional financial institutions, acting as a high-speed and low-cost bridge currency for cross-border settlements between financial institutions. It optimizes the system. So I say it is a highway because, in short, XRP can cheaply and quickly transport passengers from City F to City H. It serves these cities (financial institutions) while the king is the existing global financial system, such as central banks, banks, payment companies, etc. BTC is the "revolutionary" trying to establish its own power, while XRP is the "reformist chancellor" aiming to enter the court and take power. Moreover, under the existing system, BTC is also a beneficiary. XRP is too. XRP's launch of the ETF is undoubtedly an important step in connecting traditional finance with the cryptocurrency world, increasing regulatory clarity and industry standing. Moreover, this situation could promote its technological innovation and development, as well as attention! Thus attracting more financial institutions. At the same time, it will bring XRP a broader investor base, higher liquidity, and a more solid regulatory status. With the future development of blockchain, #GT# XRP, BTC and the entire blockchain will attract much attention! #Gate广场创作点亮中秋#

After the release of the latest economic data, the market showed an unexpected trend. As previously analyzed, the US dollar index is showing a rise, and this movement is worth following. The trading market performed generally flat today, with low trading willingness for mainstream assets. It is worth mentioning that BNB has突破1000美元大关, indicating that some cryptocurrencies still have strong momentum. Meanwhile, we are also closely following the futures contract trends of other major cryptocurrencies such as SOL, ETH, and BTC. Despite the initial small economic data showing negative impact after the interest rate cut, the market's reaction has not yet fully manifested. Investors should remain vigilant and closely follow the upcoming economic indicators and policy signals. In such a market environment filled with uncertainty, it is particularly important to remain calm and rational. Investors are advised to comprehensively assess risks and develop corresponding strategies before making any trading decisions. As the global economic situation continues to evolve, the cryptocurrency market may encounter new opportunities and challenges. We will continue to bring you the latest market analysis and insights.