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Quick Take Rap superstar Drake’s X account was seemingly hacked and used to promote a Solana memecoin based on the rapper’ cartoon “alter ego” to his more than 39 million followers on Saturday night. The memecoin saw $5 million worth of trading volume before traders surmised the posts, which were later taken down, were fake. Several high-profile X accounts have been exploited in a similar manner in recent weeks.

BlackRock has no immediate plans to launch an XRP ETF, according to Jay Jacobs, the firm’s Head of ETF Department. The firm is focusing on expanding the reach of its Bitcoin and Ethereum ETFs. XRP ETF approval may be delayed, with the SEC’s response timeline stretching to the end of 2025.