Web3đWeekly: Vitalik Supports Argentina, Pi Coin Crashes, Franklin Templetonâs New ETF, and XRPâs Bullish Signal
1. Vitalik Buterin backs Argentinaâs crypto scene post-LIBRA scandal.
2. Pi Coin drops 62% minutes after launch!
3. Franklin Templeton unveils EZPZ ETF for BTC & ETH.
4. XRP is back! Grayscaleâs ETF filing sparks bull run talks.
Stay tuned for more insights!đ
The Web3 world never sleeps, and this week is no exception! From Vitalik Buterin backing Argentinaâs crypto community post-LIBRA scandal to Pi Coinâs shocking 62% crash right after launch, the market is buzzing with big developments. Meanwhile, Franklin Templetonâs new EZPZ ETF is making waves, offering fresh exposure to Bitcoin and Ethereum. And in a potential game-changer, Grayscaleâs XRP ETF filing could signal the next big bull run. Stay with us as we break down these headlines and what they mean for the future of Web3!
1. Vitalik Buterin backs Argentinaâs crypto scene post-LIBRA scandal.
Ethereum co-founder Vitalik Buterin has expressed strong support for Argentinaâs crypto community despite the recent LIBRA scandal, proposing that the next Devconnect be hosted in the country. He tagged President Javier Milei, who welcomed the idea, calling it an honor. While Buterin remains optimistic about Argentinaâs role in Web3 innovation, he has also warned against political meme coins, calling them "vehicles for unlimited political bribery." Though his stance on Milei remains unclear, his commitment to Argentinaâs crypto growth is evident, emphasizing the importance of education and innovation in shaping a decentralized future.
Landon Manning
2. Pi Coin drops 62% minutes after launch!
Pi Coin suffered a 62% crash minutes after launch as investors rapidly sold off their holdings, causing the price to plummet from its $1.97 all-time high to $0.64. With most users struggling to migrate their mined tokens to the Mainnet due to pending KYC approvals, selling pressure continues to mount. Despite listings on major exchanges like Gate.io, OKX, and Bitget, the number of sellers far outweighs buyers, driving further declines. If this trend persists, Pi Coin risks dropping below $0.50, with volatility making a quick recovery unlikely. Market uncertainty looms as traders assess its future.
Vinod Dsouza
3. Franklin Templeton unveils EZPZ ETF for BTC & ETH.
Franklin Templeton has introduced EZPZ, a new crypto index ETF on the Cboe BZX exchange, giving investors exposure to Bitcoin (82%) and Ethereum (18%). Designed for affordability with a 0.19% expense ratio, it tracks the CF Benchmarks Institutional Digital Asset Index, focusing on top cryptocurrencies by market cap. Despite its crypto ETFs ranking lower in assets under management, Franklin Templeton remains committed to digital assets, having launched spot Bitcoin and Ethereum ETFs last year. As competition with giants like BlackRock intensifies, EZPZ offers a simpler, cost-effective way for investors to enter the crypto space.
André Beganski
4. XRP is back! Grayscaleâs ETF filing sparks bull run talks.
The SEC will decide on Grayscaleâs proposed XRP ETF by October, sparking renewed excitement in the crypto space. XRPâs price surge is fueled by speculation, political support, and rumors of Bank of America using XRP for transactions. Some analysts warn of historical volatility, while others see Trumpâs pro-crypto stance as a key driver of optimism. Ripple Labs has expanded its U.S. operations, and investors are hopeful the SEC may scale back legal actions, following a recent pause in its Binance case. Despite uncertainty, XRP is now trading at $2.66, reflecting strong market interest.
Sabrina Toppa
Web3 Is EvolvingâStay Ahead of the Curve! From Vitalikâs support for Argentinaâs crypto community to the XRP ETF buzz, this weekâs Web3 updates prove that innovation and volatility go hand in hand. Whether itâs new ETFs shaping investment opportunities or market reactions keeping traders on their toes, the space is evolving fast.
