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SEC just shook up the crypto ETF scene! Issuers of LTC, XRP, SOL, ADA & DOGE ETFs have been asked to withdraw their filings thanks to a new common listing standard. Streamlining the process—fewer hoops, faster launches?

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The $XPL token, at the heart of the new Layer 1 blockchain Plasma, made a spectacular market entry last week, capturing traders’ attention with volatility reminiscent of Ethereum’s early days. Launched with heavyweight backing from Tether’s co-founders, XPL experienced an explosive price surge before undergoing an equally dramatic correction, leaving the market questioning: is this a mere flash in the pan or a future pillar of the stablecoin ecosystem? The initial enthusiasm can be explained by a powerful combination of factors. The launch of Plasma’s mainnet, a blockchain specialized for stablecoins promising fee-less transactions, was accompanied by a generous airdrop and direct integration with Tether, the sector’s giant. This association instantly lent credibility to the project, propelling XPL’s price by more than 58% in the first hours. Analysts view it as an “asymmetric bet” on cryptocurrency’s most robust sector, with XPL serving as both utility and loyalty token within a Tether ecosystem reportedly targeting a stratospheric valuation of $500 billion. However, after the peak came the fall. XPL’s price has plummeted nearly 16% over the last 24 hours, settling around $1.12. This correction, though severe, isn’t surprising. It results from massive profit-taking by airdrop beneficiaries and the inherent volatility of any new project, however promising. With a market capitalization rapidly reaching over $2 billion, placing XPL at 51st globally, a consolidation phase was expected. Should You Buy XPL Instead of XRP and Other Altcoins? In terms of valuation, XPL remains a lightweight compared to other Layer 1 blockchains like Solana (SOL) or Cardano (ADA), but its trading volume, exceeding its own market cap, demonstrates intense speculative and commercial interest. XPL’s true potential lies not in its short-term performance, but in its ability to deeply integrate into the Tether empire. If Plasma becomes the preferred blockchain for USDT transactions, demand for XPL could explode. Optimistic analysts mention a market cap target of over $6 billion, translating to a token price above $3.50. For now, XPL remains a promise, a high-risk asset whose fate is intimately tied to the expansion of its powerful sponsor