Posted on Leave a comment

Ethereum ETFs Face Continued Outflows: $4.95M Lost in a Day

Ethereum ETFs Face Continued Outflows: $4.95M Lost in a Day

On June 12, U.S. spot Ethereum exchange-traded funds experienced another downturn, with daily net outflows reaching $4.95 million. This marked a persistent downward trend for these investment vehicles, which have struggled to attract steady capital inflows.

BlackRock’s ETHA was the primary contributor to the outflows, recording a daily net exit of $4.53 million, alongside 2,720 ETH leaving the fund. Despite holding the largest net assets at $4.75 billion, ETHA saw its price drop by 1.02% to $12.57, with a trading volume of $355.36 million. The fund’s daily share volume hit 28.21 million, the highest among its peers.

Fidelity’s FETH also faced notable outflows, with $415,230 exiting on June 12, equivalent to 249.04 ETH. The fund’s net assets stood at $799.31 million, and its price fell 1.01% to $16.58, while traded value reached $29.78 million. Most other Ethereum ETFs reported zero flow changes, yet all experienced price declines.

Total trading value across all Ethereum ETFs amounted to $483.85 million, with combined net assets of $9.16 billion. These funds now represent 4.56% of Ethereum’s market capitalization. Grayscale’s ETH and ETHE, with net assets of $1.46 billion and $1.30 billion respectively, saw no inflows or outflows, but their prices decreased by 0.94% and 0.96%.

Smaller funds like ETHB, ETHW, ETHV, EZET, QETH, and TETH also recorded zero flow changes, with price drops ranging from 0.86% to 1.02%. Premium and discount readings remained negative across the board, with ETHW showing the widest discount at -0.23% and QETH at -0.07%. Fee structures varied significantly, from 0.15% up to 2.50% for Grayscale’s ETHE.

Posted on Leave a comment

Ripple’s XRP and RLUSD Enter AI Agent Payment Arena as USDC Leads

Ripple's XRP and RLUSD Enter AI Agent Payment Arena as USDC Leads

Ripple has unveiled the XRPL AI Starter Kit, a set of developer tools enabling artificial intelligence agents to conduct payments using XRP and Ripple USD (RLUSD). This initiative marks Ripple’s entry into the machine-to-machine payment sphere, where USDC currently holds a commanding lead. The toolkit integrates with the x402 protocol, allowing automated software agents to handle transactions such as paying for computing resources or settling invoices without human intervention.

The x402 protocol, originally created by Coinbase and now under the Linux Foundation’s stewardship, uses the HTTP 402 status code to facilitate blockchain payments within standard web requests. According to data from Web3 Trackers, the network has processed over 120 million cumulative transactions, with USDC accounting for more than $41 million in settled volume. Base leads with about 70 million transactions worth $21.5 million, followed by Solana with 45 million transactions totaling $16.4 million. The average payment size is around five cents, highlighting the micropayment nature of the system.

Ripple is positioning the XRP Ledger’s speed—three to five seconds per transaction—and its built-in features like escrow, multisignature support, and a decentralized exchange as advantages for autonomous payments. However, the company has not disclosed specific transaction volumes or named customers using its AI agent payment solutions, leaving adoption questions open.

Beyond the AI toolkit, Ripple is expanding its payment infrastructure through partnerships. Mastercard recently added RLUSD to its stablecoin settlement network, which supports multiple blockchains including Ethereum, Solana, and the XRP Ledger. Additionally, Ripple has integrated Bitso’s MXNB stablecoin, backed by the Mexican peso, into its enterprise payment system to facilitate cross-border transactions between the US and Mexico.

Despite these developments, challenges remain. Academic researchers have flagged risks related to payment authorization, proof validation, and synchronization between web services and blockchain networks in x402 implementations. As machine-to-machine payments grow, developers will need to address these technical hurdles to ensure reliable and secure transactions.

Posted on Leave a comment

Coinbase introduces 24/7 gold & silver futures for US traders

Coinbase introduces 24/7 gold & silver futures for US traders

Coinbase has expanded its derivatives platform by launching round-the-clock trading for regulated gold and silver futures in the United States. Through its Coinbase Derivatives Exchange, eligible investors can now access these precious metal contracts at any time, including weekends and holidays. The move marks a significant step beyond digital currencies, integrating traditional commodities into the exchange’s continuous trading infrastructure.

The new offerings consist of one-ounce gold and 50-ounce silver futures contracts. These are available via participating brokers such as Interactive Brokers and NinjaTrader. Historically, commodity markets have been limited to standard exchange hours with breaks on weekends and public holidays. Coinbase’s approach provides traders with greater flexibility to respond to economic indicators, geopolitical shifts, or breaking news without waiting for markets to reopen.

CEO Brian Armstrong highlighted the launch on social media, emphasizing the company’s vision to blend crypto’s always-on trading model with conventional finance. This initiative supports what Coinbase terms its ‘Everything Exchange’ strategy, aiming to offer a wide array of asset classes under one roof. Over the past couple of years, the exchange has added perpetual futures, equity-linked products, and now precious metals, catering to a diverse set of trading needs.

Gold and silver remain highly sought-after assets, with combined valuations exceeding $14 trillion. Demand has persisted amid inflation worries, central bank accumulation, and geopolitical tensions. Coinbase’s entry into this space not only expands its product suite but also lowers barriers for smaller traders. By offering smaller contract sizes than typical institutional offerings, the exchange opens doors for both retail and professional participants to gain exposure to these metals. The primary shift for traders is the ability to manage their positions continuously, without being constrained by traditional market hours.

Posted on Leave a comment

Thelma Reveals Why She Turned Down Rooboy’s Romantic Advance on BBNaija

Thelma Reveals Why She Turned Down Rooboy's Romantic Advance on BBNaija

During the final episode of the Big Brother Naija reunion aired on Friday night, former housemate Thelma Lawson finally opened up about her decision to reject fellow contestant Rooboy’s romantic proposal during the show. She disclosed that her primary reason was her son’s well-being, stating that Rooboy does not represent the kind of man she wants as a role model for her child.

Thelma pointed out specific aspects of Rooboy’s personality and lifestyle that influenced her choice, including his tattoos and his career as a hypeman. She expressed concerns about his behavior, noting that he could not even spell correctly and was too loud. ‘We can be friends, just friends,’ she emphasized, making it clear that she did not see him as a suitable partner.

Thelma also mentioned that Rooboy reacted negatively to her rejection, allegedly speculating that she was ‘a bitter person.’ Despite this, Rooboy admitted in the same episode that he had indeed asked Thelma out but claimed he was not upset by her refusal. Instead, he shifted blame, accusing fellow housemate Otega of betraying him by pursuing Thelma behind his back.

The reunion episode brought closure to several unresolved tensions from the season, with Thelma’s explanation shedding light on her perspective. ‘I told Thelma that I liked her and would like to date her. I was talking to Otega as a brother not knowing he was also in the picture,’ Rooboy said, reiterating his side of the story.

Posted on Leave a comment

Kannywood Star Hadiza Gabon, Businessman Salim Goje Caught Up in Social Media Firestorm Over Leaked Chats

Kannywood Star Hadiza Gabon, Businessman Salim Goje Caught Up in Social Media Firestorm Over Leaked Chats

A storm of controversy erupted on social media late Friday night, igniting intense debates across platforms as Kannywood veteran Hadiza Gabon, entrepreneur Salim Goje, and his wife Hafsat Kamal found themselves at the center of a heated online drama. The saga began when Hafsat Kamal went live on Instagram, allegedly sharing screenshots and videos she claimed were proof of her husband’s extramarital affairs.

During the live stream, Hafsat purportedly revealed conversations between Salim Goje and several women, including the prominent actress Hadiza Gabon. The leaked chats, which quickly spread across the internet, ostensibly depicted intimate and sexually suggestive exchanges between the actress and the businessman.

One of the most talked-about screenshots appeared to show Hadiza Gabon discussing plans for a trip to Saudi Arabia and allegedly requesting that Salim Goje cover her flight expenses. However, the authenticity of these messages has not been independently confirmed, leaving many online users skeptical.

Hafsat also accused other women, some of whom she claimed were married, of being involved with her husband. She further alleged that Salim’s first wife, Shafa Ardo, had used spiritual means to prevent her from conceiving children.

Hadiza Gabon, a highly respected figure in Kannywood with nearly three decades in the industry, has yet to issue a public statement regarding the allegations. Known for her acting prowess and as the host of the popular interview program “Gabon Talkshow,” she has built a strong reputation in northern Nigeria’s entertainment scene. Observers warn that if the claims are verified, they could tarnish her public image.

Meanwhile, a separate video circulating online allegedly shows Salim Goje attempting to gain entry into Hafsat Kamal’s residence shortly after the live broadcast commenced. The house was reportedly locked, and during the livestream, Hafsat appeared visibly upset, repeatedly urging viewers to lock windows and doors as she claimed unidentified people were trying to break in.

The Instagram Live session drew thousands of viewers, with reports of curious onlookers gathering outside her home. The incident quickly became a major topic of conversation, generating a flood of memes, jokes, and commentary on social media.

Shafa Ardo, Salim Goje’s first wife, fired back at Hafsat’s allegations via social media. In screenshots that surfaced online, Shafa dismissed claims that she was responsible for Hafsat’s infertility, stating, “You are not a woman who keeps secrets. Everything you accuse others of doing to you happened before you were married. You even followed him to Saudi Arabia before marriage.” She further asserted, “You know what is preventing you from having children. It has nothing to do with me.”

Online reactions have been mixed. Some users have expressed disappointment, calling for public figures to maintain decorum, while others urged caution, emphasizing that screenshots alone are not definitive proof. One X user commented, “People should wait for proper evidence before rushing to judgment. Anyone can use another person’s name or picture online.” Another remarked, “If these chats are genuine, it will be disappointing because many young people look up to these personalities.”

Although Salim Goje has not directly addressed the allegations, he posted a message on Facebook in Fulfulde: “Allah hokka kowa no wada. Amin,” which translates to “May Allah guide everyone to what is good. Amen.” Many responses expressed sympathy and advised him to resolve personal matters privately instead of allowing them to unfold publicly on social media.

As the discourse continues, many are awaiting official statements from Hadiza Gabon and Salim Goje regarding the authenticity of the alleged messages and the surrounding controversy.

Posted on Leave a comment

Peter Okoye: Age Shouldn’t Hinder Music Passion

Peter Okoye: Age Shouldn't Hinder Music Passion

Nigerian music star Peter Okoye, better known as Mr P and one half of the now-defunct P-Square, has responded firmly to recent calls for his retirement from the music scene. Addressing critics during a chat with The Beat FM Lagos, the 44-year-old artist made it clear that age is no barrier to pursuing a musical career.

According to him, the concept of retirement does not exist in the world of music. He pointed to global icons like Michael Jackson, who continued making hits and planning tours well into his 50s before his untimely death. Okoye argued that those urging him to step down are simply wishing for his failure.

“We should be mindful of how people try to bring others down. There’s no retirement in music. I don’t understand why some folks think music has a retirement age,” Okoye stated. He added that this trend of demanding retirement is peculiar to Nigeria, noting that even artists like Wizkid have faced similar calls.

Okoye emphasized that his passion for music remains undimmed, and he has no plans to quit anytime soon. He urged fans to focus on supporting artists rather than pushing them out of the industry based on age.

Posted on Leave a comment

Blessing Fubara Denies Having Godfather, Says Only God Guides His Ambition

Blessing Fubara Denies Having Godfather, Says Only God Guides His Ambition

Blessing Fubara, the governorship candidate of the Nigeria Democratic Congress (NDC) in Rivers State, has firmly stated that he does not have a godfather, but only God the Father. He made this declaration while appearing on Arise Television’s Prime Time program on Friday night.

Fubara emphasized that his vision and focus for the state are not influenced by any political godfather, unlike the perception some people have. He addressed rumors linking his political aspirations to Governor Sim Fubara of Rivers State, clarifying that they hold different political ideologies and perspectives.

“I don’t have a godfather; I have God the Father,” Fubara said. “If my ambition were based on the narratives being spread, it would mean I lack a clear vision and focus. My brother and I have distinct political views. Nigerians and the world witnessed what transpired between him and his party. We are in a challenging period in Rivers State, with various narratives being pushed to shape public opinion. However, we remain focused on rescuing the soul of Rivers State.”

The candidate further stressed that his campaign is driven by a genuine desire to serve the people, not by any external influence. He urged Rivers residents to look beyond the distractions and support a movement that prioritizes the state’s welfare.

Posted on Leave a comment

Osun APC Accuses Accord of Spreading Falsehood on Pre-election Violence

Osun APC Accuses Accord of Spreading Falsehood on Pre-election Violence

The All Progressives Congress (APC) in Osun State has strongly denied allegations of orchestrating violence ahead of the August 15 governorship election. In a statement released on Friday, the party accused the Accord Party and some lawmakers of fabricating stories to tarnish its image.

Kola Olabisi, the APC’s Director of Media and Information, emphasized that claims linking the party, its candidate Bola Oyebamiji, and former governor Adegboyega Oyetola to violent acts are baseless. He urged the public to ignore what he described as frivolous accusations designed to sway public opinion during the campaign period.

The APC rejected reports of attacks on political opponents and allegations that vehicles were being labeled with Accord Party logos to incite unrest. The party insisted that its candidate, known as AMBO, is committed to a peaceful campaign and lawful electoral victory.

“Oyebamiji is a man of peace who does not need violence to win an election,” the statement read. The APC also expressed confidence in its chances, citing strong voter dissatisfaction with the current administration under Governor Ademola Adeleke.

The party claimed that the accusations are a distraction from the challenges faced by its rivals and an attempt to generate sympathy. Reaffirming its dedication to non-violence, the APC said it would never resort to violence under any circumstances and called on residents to remain vigilant.

Earlier on Friday, Accord Party lawmakers, led by Speaker Adewale Egbedun, had called for the redeployment of Commissioner of Police Ibrahim Gotan over alleged bias. They accused the APC of planning pre-election violence.

Posted on Leave a comment

ADC Candidate Atiku Abubakar Names Chibuike Amaechi as Running Mate for 2027 Election

ADC Candidate Atiku Abubakar Names Chibuike Amaechi as Running Mate for 2027 Election

In a significant political development, Atiku Abubakar, the presidential flagbearer of the African Democratic Congress (ADC), has officially selected Chibuike Amaechi, the former Minister of Transportation, as his vice-presidential running mate for the upcoming election. This decision was confirmed on Saturday by Leader Sampson, the immediate past chairman of the ADC in Rivers State, during a conversation with DAILY POST.

Amaechi had previously contested the ADC presidential primary but lost to Abubakar. Following the primaries, some aggrieved party members alleged that the process was manipulated in favor of Atiku, a claim that Amaechi himself vehemently disputed. Earlier, Amaechi had publicly stated that he did not purchase the ADC presidential nomination form with the intention of becoming a vice-presidential candidate.

When asked directly whether Amaechi had accepted the role of running mate, Sampson simply responded in the affirmative, signaling an end to the speculation that had surrounded the choice of a second-in-command for the ADC ticket.

Posted on Leave a comment

Ndigbo Won’t Forget £20 Compensation Injustice, Says Ejimakor

Ndigbo Won't Forget £20 Compensation Injustice, Says Ejimakor

Aloy Ejimakor, the legal representative of Nnamdi Kanu, the convicted leader of the Indigenous People of Biafra (IPOB), has declared that the Igbo people will never overlook the injustices they endured after the Nigerian Civil War. He specifically referenced the seizure of their assets and the controversial £20 compensation scheme.

In a post shared on X on Saturday, Ejimakor challenged the assumption that the Igbo have moved past the humiliation and unfair treatment they experienced in the postwar period. He stated, ‘It appears some individuals believe Ndigbo have gotten over the disgrace and unfairness of having their properties taken and being given merely £20 following the Civil War. Let me be clear: Ndigbo will NEVER get over these wrongs until they are addressed.’

While the lawyer did not elaborate on the additional grievances he alluded to, his remarks come at a time when discussions about historical wrongs, national healing, and the status of the South-East region have gained renewed attention. Since the war ended in 1970, many Igbo citizens who had bank accounts before the conflict reportedly received a uniform £20 payout, regardless of the original amounts they had deposited, a decision that has sparked decades of debate.

Ejimakor is among the lead attorneys defending Nnamdi Kanu, the IPOB leader who was recently found guilty on terrorism-related charges filed by the Nigerian government.