OVERVIEW

BTC Goes Missing, XRP Levels Up, Coinbase Stops Skimming 👍️

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total market and altcoin market cap charts:

XRP
XRP Futures Arrive on CME 🤯 

$XRP.X ( ▲ 4.23% ) futures from the $CME ( ▲ 0.71% ) start soon! 🥳 

Come May 19, traders can dive into XRP with both micro (2,500 XRP) and normal sized contracts. A full ‘normal’ contract has 50k XRP, the micro has 2.5k XRP contracts. $HOOD.X ( ▲ 5.29% ) is also bringing these futures to retail investors, doubling down on crypto offerings.

The launch is backed by strong market demand - like the Teucrium 2x Daily Long XRP ETF, $XXRP ( ▼ 3.13% ), which amassed $35M in assets in just 10 days. And Stocktwits users are felling pretty good about XRP right now: Sentiment Score of 66 (bullish).

XRP hodlers and fans have come a long way from the horror show of Gensler’s reign and nearly five years of constant legal fighting.

Cheers to you, XRP. 🍻 

STABLECOINS
Coinbase Users Get Free Pass on PayPal USD Fees 👏 

$PYPD ( ▼ 0.28% ) and $COIN ( ▼ 5.77% ) are boosting stablecoin adoption by eliminating fees and enabling direct 1:1 PYUSD conversions. 🤩 

Now, millions of Coinbase users can effortlessly buy, sell, or redeem PayPal USD without Coinbase skimming off the top (I mean, except for their normal, stupidly high fees).

As part of the bromance, PayPal and Coinbase will explore new stablecoin-based payment solutions to streamline global commerce, making PYUSD the go-to digital asset for everyday transactions. 🪙 

Full presser can be found here. 📰 

PRESENTED BY STOCKTWITS
Daily Rip Live With THREE Special Guests 🤩 

It was a jam-packed morning with your regular hosts, Shay Boloor and Katie Perry, joined by three special guests: Andrew McCormick (eToro), Daniel Newman (Futurum Group), and Olivier Roussy Newton (DeFi Technologies).

• eToro says 75% of retail investors are buying or holding during this dip

• Daniel Newman outlines how enterprise AI is breaking the stack

• Discussing all things crypto and macro with Olivier Roussy Newton

• Google vs. the DOJ, Geimini’s Rise, and the AI search wars

• Plus, some FOMO around The Cashtag Awards next week in NYC