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TL;DR Jupiter DAO's Launch and Voting System: The Jupiter Decentralized Autonomous Organization (DAO) is set to launch, starting with a trial vote. Jupiter (JUP) token holders, by securing their tokens, gain the right to vote for Liquidity Farming Group (LFG) nominees or support proposals.
The much-anticipated launch of the Jupiter Decentralized Autonomous Organization (DAO) is slated to revolutionize governance within the decentralized finance (DeFi) space. With its inception imminent, here are the essential details you need to know about this groundbreaking initiative.
The JUP token price continued its parabolic move this week as Jupiter's market share in the decentralised exchange (DEX) industry rose. The token soared to a high of $0.6388, its highest point since February 2nd. It has jumped by more than 46% from its lowest point this year.
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This key event signals a major milestone for Jupiter DAO, readying to vote on the platform's first two launches. This initiative from Jupiter Exchange underscores the platform's commitment to fostering innovation and community engagement within the blockchain ecosystem.
The cryptocurrency market is experiencing a mini-bull run, with innovative projects and tokens gaining new heights. Leading data and research firm Kaiko recently disclosed that eight crypto tokens have collectively recorded an impressive $8 billion in spot trading volume since the current bull run in late 2023.
Crypto industry's leading data and research firm Kaiko revealed some of the best performing tokens in this min-bull rally since 2023-end and 2024. The bulls are driving the crypto market towards a new all-time high as these new projects and tokens enter the space.
Two important announcements from Jupiter will give users a better experience managing their funds. Firstly, Jupiter exchange has introduced an innovative solution that bridges Ethereum assets to Solana, leveraging the capabilities of Moongate.
In a recent development echoing concerns in the financial market, Jupiter Asset Management, a prominent player in the investment arena, has decided to pull its investment from the 21Shares Ripple XRP exchange-traded product (ETP). This decision comes amidst mounting regulatory issues in Ireland, signaling a cautious approach towards cryptocurrency investments in certain jurisdictions.
Jupiter Asset Management reneges on an investment in the 21Shares Ripple XRP exchange-traded product (ETP) due to regulatory concerns in Ireland.
Jupitеr, a prominent investment firm, has recently madе hеadlinеs for rеvoking its investment in thе 21Sharеs Ripple XRP exchange tradеd product (ETP). The dеcision came as a result of rеgulatory concerns in Irеland, which the firm's compliance division flagged thе invеstmеnt leading to its cancеllation.
Jupiter Asset Management reverses its investment in the Ripple XRP ETP over regulatory concerns, reflecting the complexities of navigating compliance in the cryptocurrency market amidst ongoing legal disputes and regulatory uncertainty.
Jupiter Asset Management's compliance department reportedly flagged and then cancelled the Ripple XRP ETP purchase, resulting in a minor loss.
Jupiter faces regulatory hurdles as it ventures into crypto investments, highlighting the fragmented regulatory landscape across the European Union (EU).
Jupiter, an esteemed asset management firm, recently found itself at the heart of a regulatory conundrum, showcasing the complex tapestry of regulations governing crypto investments across the European Union.
The rationale behind the cancellation stems from regulatory constraints, specifically pertaining to the prohibition of crypto exposure in funds governed under Undertakings for the Collective Investment in Transferable Securities (UCITS ) by Irish authorities.
This move showcases SharkyFi's growth in DeFi and Solana's ability to support advanced protocols without traditional escrow. So, SharkyFi introduces a pioneering DeFi platform for NFT lending without intermediaries.
London-based Jupiter Asset Management (JUN), with assets under management of over $65.8 billion, had to sell off a significant $2.58 million investment in Ripple's XRP during the first half of 2023. One of the primary reasons was regulatory issues resulting in the cancellation of the investment.
Jupiter Asset Management, a prominent London-listed firm overseeing assets worth over $65.8 billion, faced a setback as its crypto investment was abruptly terminated following a compliance hiccup, Compliance issue derails Jupiter's crypto investment Jupiter's Gold & Silver fund, a significant player in the investment landscape, had ventured into the realm of cryptocurrencies with a $2.
UK asset manager recently cancelled its investment in an XRP ETP in Ireland. Here's why.
Jupiter Asset Management reportedly canceled its investment in a Ripple XRP ETP due to compliance issues.
Jupiter, a prominent asset manager, faces hurdles in its crypto investment endeavors, shedding light on the divergent regulatory landscape within the European Union (EU). Meanwhile, amid a growing trend of fund managers eyeing crypto assets, inconsistencies in regulations across EU member states pose significant challenges, according to a recent report by Financial Times (FT).
The firm's Gold & Silver fund made a $2.58 million investment in an XRP ETP, which was later cancelled.
The crypto space continues to trade under a strong bullish influence, indicating an ongoing massive price action in the market. Further, the Jupiter price has added approximately 12% within the past 24 hours, making it one of the gainers in the industry for the past day. The Jupiter (JUP) price traded between $0.6381 and $0.
