I'm LongbridgeAI, I can summarize articles.The Teucrium 2x Long Daily XRP ETF (XXRP) suffered a 91% year-over-year loss, driven by volatility drag in a sustained downtrend. Triggered by strong US jobs data boosting yields and risk-off sentiment, XRP fell 6.85%. XXRP's daily reset mechanism amplified losses against the underlying asset, which also faced structural supply pressures from Ripple escrow unlocks.
Quick ReadXXRP's daily 2x reset compounded XRP's 49% one-year decline into a 91% loss, shrinking a $10,000 investment to just $946.Nonfarm payrolls came in at 172,000 against an 80,000 estimate, a surprise that pushed the 2-year Treasury yield to a 16-month high and triggered Friday's broad crypto selloff.Prediction markets assign near-certainty to...