XRP ETF Shatters $100 Million Barrier - Is This the Launchpad for the Next Crypto Rally?
XRP just crossed a major milestone that has the entire crypto world watching.
The Breaking Point
With the XRP ETF blasting past $100 million in assets, institutional money is finally making its move. This isn't just another crypto statistic - it's the validation the digital asset space has been waiting for.
Market Mechanics Shift
Traders are positioning for what could be the next major leg up. The traditional finance crowd that once scoffed at digital assets now can't ignore the numbers. Funny how nine-figure sums tend to change perspectives on 'speculative' investments.
The institutional floodgates are cracking open - and Wall Street's sudden interest in crypto they once dismissed proves money talks louder than principles.
Trump accuses Canada of using fake Ronald Reagan footage
Trump wrote on Thursday that the Ronald Reagan Foundation announced Canada had used a fake advertisement that showed Reagan speaking negatively about tariffs.
The president wrote, “The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs.”
On Friday, TRUMP continued his criticism of the Ontario advertisements, stating that Canada was attempting to influence a forthcoming Supreme Court decision regarding his global tariff plan.
Trump’s sudden call to end negotiations has made trade tensions worse between the neighboring countries that have been allies for many years.
Carney said this week he wants to double his country’s sales to nations other than the United States because of the danger from Trump’s tariffs. Canadian officials stay ready to continue talks to lower tariffs in some areas, he said.
Carney spoke Friday morning before getting on a plane to Asia, saying Canada cannot control American trade policy. He noted that policy has changed a lot since the 1980s, so Canada must focus on what it can control and accept what it cannot control.
Carney is working to get a trade agreement with Trump, but tariffs are hurting the aluminum, steel, car, and lumber industries.
White House spokesperson Kush Desai said talks with Canada have not made any helpful progress. Desai stated in a press release that Ontario’s taxpayer-funded advertisement campaign on American television networks incorrectly edited President Reagan’s 1987 radio address on trade. This shows how Canadian officials WOULD rather play games than work with the administration.
Desai added that President Trump made clear on Truth Social that more talks would be pointless if Canada cannot be serious.
The Ontario government said it would spend approximately CA$75 million, which is equivalent to $54 million, to air the advertisements on various American television stations. The ads use audio and video of Reagan talking about tariffs in 1987.
Canada is ready to resume trade negotiations when the US is prepared
Canadian Prime Minister Mark Carney said his country is ready to start trade talks again “when the Americans are ready.” This came hours after Trump suddenly stopped negotiations between the two countries.
American and Canadian negotiators were making progress in talks about the steel, aluminum, and energy industries, Carney said. He stated that Canada stands ready to continue that progress and build on it when Americans are ready to have those discussions.
Kevin Hassett, a top WHITE House economic adviser, had a different view Friday about how the discussions between America and Canada were going. Hassett said on Fox News that negotiations with the Canadians have not been very friendly and have not been going well. He thinks the president feels very frustrated with the situation.
The dispute shows the ongoing challenges in trade relationships between the United States and Canada as both countries try to protect their economic interests while maintaining their long-standing partnership.
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