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Recent Cardano news reveals that NYSE Arca, a subsidiary of the New York Stock Exchange, has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC). The proposal aims to enable the listing and trading of the Grayscale Cardano Trust - trading under “GADA” - giving investors direct exposure to ADA. Meanwhile, XRP price has dropped to $2.38, down 3.04% in the past 24 hours, mirroring broader market fluctuations that have hit a number ofaltcoins. At the same time, a new meme coin named Panshibi ($SHIBI) is gaining attention among ADA and XRP holders who seek higher-upside tokens. Below, we explore the ETF proposal for Cardano, look at XRP’s uncertain sentiment and see how Panshibi’s structured presale could pave the way for a remarkable 100x leap.
Cardano News: Grayscale Proposes “GADA” Listing
NYSE Arca’s 19b-4 form signals a potential rule change for listing the Grayscale Cardano Trust - an ETF-like product that provides investors with direct ADA ownership. Grayscale Operating, LLC and Grayscale Investments Sponsors, LLC are backing the trust, each share representing proportional ADA ownership. Should the SEC approve, this would mark a significant milestone, making Cardano-based financial products more accessible for mainstream traders and institutions. Enthusiasts assert that an ETF would elevate Cardano’s standing as a top-tier asset, possibly spurring inflows that could push ADA’s price higher over time.
Still, market watchers remain cautious. Regulatory hurdles persist and final approval is never guaranteed. Nonetheless, the filing alone indicates deepening institutional engagement in Cardano’s ecosystem, aligning with the network’s push into DeFi and enterprise partnerships. If GADA goes live, some analysts predict Cardano might join the ranks of heavily traded crypto-based investment products, furthering its relevance.
XRP Price Dips but Remains on Radar
While the XRP price lands at $2.38 - a 3.04% daily decline - supporters continue to track Ripple’s legal and adoption milestones. Although near-term volatility weighs on XRP, long-term holders argue that real-world applications and ongoing network development keep it a valid contender among top altcoins. Observers note that major announcements or legal clarity could reverse the downward trend quickly. Still, some XRP holders are branching out to alternative assets, especially newly launched tokens that exhibit strong presale numbers and comedic appeal.
Panshibi ($SHIBI): Harnessing Meme Coin Momentum
In parallel with these Cardano news breakthroughs and XRP uncertainty, Panshibi emerges as a meme coin contender with a structured presale approach. Having raised well over $650k, nearing $700k at Stage 3 priced at $0.004, Panshibi underscores a commitment to security: liquidity remains locked for 10 years, team tokens for two and an audit confirms the contract’s reliability. Once the presale ends, ownership of the contract will be renounced.
Panshibi also adds AI-driven “social-fi” elements, encouraging user involvement beyond speculation. Staking rewards and quest-based activities keep the community engaged, suggesting a more sustained growth strategy than fleeting online hype. As ADA and XRP holders observe uncertain short-term price movements, some see Panshibi’s comedic brand and robust tokenomics as a chance at far larger returns - a plausible path to 10x or even 100x if meme coins surge once more.
Conclusion: Building the Next Meme Coin Phenomenon
While new Cardano news hints at an ETF listing for ADA and XRP price continues to fluctuate, an upstart meme coin named Panshibi ($SHIBI) draws increasing numbers of ADA and XRP loyalists. By blending reliable security features with fun branding, Panshibi positions itself as a breakout candidate, particularly if the meme coin sector roars back to life. With presale funds over $785k, this panda-themed token stands ready to claim a leading role among 2025’s high-upside opportunities - potentially overshadowing the measured growth of more established altcoins.
You can participate in the Panshibi presale here:
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi_
Website: https://panshibi.com
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
