Breaking news from yesterday and thoughts - $24B AUM, Purpose Investments received final regulatory approval to offer XRP ETF set to launch on June 18 on the Toronto Stock Exchange Ontario Securities Commission (OSC), Canada’s top regulator will allow $XRP ETF product in registered accounts, allowing customers to significantly reduce taxes on these assets. - Justin Sun linked firm is taking the Tron ecosystem public in the US via a reverse merger with Nasdaq listed SRM Entertainment. Deal’s backed by Dominari Securities (with ties to Trump Jr & Eric Trump). The new entity, Tron Inc, will stack TRX on its balance sheet, mirroring the Michael Saylor / Strategy playbook. Sun’s an advisor. Rumors say Eric Trump might key in, though he’s denying any involvement. Initial treasury strategy kicks off with a $210M TRX injection. SRM confirmed a $100M equity deal to fund the move and plans to roll out a dividend policy tied to staking rewards. - JPMorgan just filed a trademark for “JPMD,” sparking speculation of a new stablecoin The filing hints at broad digital asset services: trading, payments, brokerage, and on chain fund transfers built on blockchain. No direct mention of stablecoin, but it screams RWA + payment rails. This won’t be JPM’s first direct crypto exposure: their Kinexys platform runs JPM Coin, a permissioned Ethereum fork that’s settled $1.5T+ in tokenized USD, GBP, and EUR transfers.

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