PANews reported on June 16 that according to Globenewswire, Purpose Investments Inc. announced that the Purpose XRP ETF has received approval from the Ontario Securities Commission (OSC) for the receipt of the Purpose XRP ETF prospectus. The ETF is expected to start trading on the Toronto Stock Exchange on June 18 with the trading code XRPP. The ETF provides direct access to spot XRP. After this approval, Purpose will continue to broaden investors' access to digital assets through regulated and transparent investment tools.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more