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Project Overview
Ripple is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology company. The platform offers a suite of institutional-grade products, including Ripple Payments for cross-border settlement, Ripple Custody for digital asset storage and security, and the Ripple USD (RLUSD) stablecoin. These solutions enable financial institutions, central banks, and businesses to integrate digital assets into their operations through the XRP Ledger (XRPL) and other distributed ledger technologies.
Velocity Closes $48 Million Series A Funding Round with Participation from Visa, Circle, Ripple, and Others
According to CoinDesk, stablecoin payment infrastructure company Velocity announced the completion of an expansion round of its Series A financing, adding $10 million to bring the total round financing to $48 million, with a post-money valuation of $200 million. Investors in this expansion round include Visa Ventures, Circle Ventures, Ripple, Haun Ventures, Translink Capital, and Mirana Ventures, following the announcement of the initial Series A financing in July this year. Velocity is dedicated to providing stablecoin settlement, liquidity, and treasury management infrastructure to payment companies and banks, enabling them to integrate into blockchain payment networks without replacing existing systems. The head of Global Growth Products and Strategic Partnerships at Visa stated that stablecoins are reshaping how value flows within the Visa ecosystem, and Velocity is building the related infrastructure to drive the widespread adoption of stablecoin payments.
Ripple completes $275 million private placement of senior unsecured notes, receives BBB investment-grade rating
Odaily News: This issuance was conducted by Ripple Prime, Ripple's non-bank prime brokerage arm, with proceeds to be used for working capital and U.S. business expansion. KBRA assigned the notes a BBB investment-grade rating, and Ripple Prime plans to further expand multi-asset clearing, financing, and prime brokerage services.
XRPL Plans to Introduce Privacy Transfer Feature, Targeting Tokenized Asset Market of Over $530 Million
Odaily News: The latest software version 3.3.0 of XRP Ledger (XRPL) introduces several upgrade proposals, including Confidential Transfers. This feature is designed for institutional users, supporting encrypted token balances and transfer amounts while preserving the visibility of accounts and token types. It is primarily applied to Multi-Purpose Tokens (MPT) on XRPL, including tokenized financial assets such as funds and bonds. Through cryptographic technologies like zero-knowledge proofs, the network can verify transaction validity without disclosing specific amounts. XRPL currently holds approximately $1.38 billion in on-chain real-world assets (RWA), including about $845.7 million in RLUSD. In addition to RLUSD, there are over $530 million in tokenized assets on XRPL, involving issuers such as Ondo, VERT Capital, Archax, and Societe Generale. XRPL 3.3.0 also includes five proposals—Batch, Sponsor, Permission Delegation, and Dynamic MPT—addressing institutional needs such as batch transactions, fee sponsorship, permission management, and dynamic adjustments to token attributes. The aforementioned upgrades have not yet been officially launched and will only be activated after receiving support from more than 80% of XRPL's trusted validator nodes for two consecutive weeks.
Ripple Announces Strategic Investment in UK ZILO and Licuido
Ripple announced strategic investments in UK fund technology company ZILO and FCA-regulated tokenized trading platform Licuido, integrating regulated digital transfer agency, asset issuance, and collateral liquidity capabilities into the XRP Ledger. Ripple stated that the relevant infrastructure will support tokenized funds as collateral from the issuance stage and enable atomic settlement via XRPL, while RLUSD can serve as the regulated cash leg in delivery versus payment transactions. The investment amount was not disclosed.
Ripple Makes Strategic Investments in ZILO and Licuido
Odaily News: Ripple announced strategic investments in ZILO and Licuido, stating that these deals will bring regulated transfer agency, securities issuance, and collateral liquidity features to its XRP Ledger-based infrastructure.
After receiving $150 million investment from Ripple, LMAX explores sale, SPAC merger, or IPO
Institutional trading platform LMAX is working with advisors Morgan Stanley and KBW, the investment bank arm of Stifel, to evaluate strategic alternatives. According to sources familiar with the matter, options under consideration include a potential sale, a SPAC merger, or an IPO. London-based LMAX recently launched a 24/7 multi-asset exchange and secured a $150 million strategic investment from Ripple, which is related to institutional stablecoin adoption.
Ripple CEO: CLARITY Act Vote Failure Is Disappointing, SEC and CFTC Will Continue to Fill Legislative Gap
Odaily Report: Ripple CEO Brad Garlinghouse posted on X regarding the CLARITY Act's failure to pass a procedural vote in the U.S. Senate, stating that the outcome is disappointing. The Ripple team and the crypto industry invested significant effort in pushing for the bill's passage, but ultimately fell short.Garlinghouse stated that the U.S. crypto industry still has reason to remain optimistic, as the SEC and CFTC will continue to develop relevant rules to fill the legislative gap left by the CLARITY Act's failure to advance, and Ripple will continue to participate in the rulemaking process. He also stated that this voting failure will not change Ripple's business momentum, global expansion, or customer demand.
Brazil's New Capital Rules Take Effect, Around 290 Crypto Exchanges Face Market Exit, Capital Requirements Reach Up to $7.2 Million
Odaily News: The Central Bank of Brazil's new regulations require virtual asset service providers to meet capital, audit, anti-money laundering, and continuous reporting compliance requirements, with capital requirements reaching up to 37.2 million reais, approximately $7.2 million. Of the current approximately 300 related institutions, only 20 to 25 may qualify to apply for authorization, and only 10 are expected to receive licenses.Some small platforms have already ended or restructured their retail operations, including Bitnuvem, NovaDAX, Digitra, and Coinext, but these platforms did not attribute the relevant decisions to the new rules. Institutions that fail to meet the requirements will also face ongoing compliance costs, and some operations may find it difficult to sustain.Relevant institutions must apply for authorization by October 30, and those that do not apply will cease operations within 30 days and notify customers. Isabel Longhi, Head of Public and Regulatory Policy for Latin America at Ripple, stated that market consolidation is expected to occur as Brazil's crypto market matures, but the new rules will limit innovation in the short term. (Bitcoin.com News)
Ripple Introduces AI Agents to Enterprise Treasury Management Platforms
According to CoinDesk, Ripple has officially introduced the GSmart AI agent into its Ripple Treasury platform (formerly GTreasury, which was acquired for $1 billion last year). The tool monitors corporate cash flow, risk, and financial forecasts, covering workflows such as liquidity management, reconciliation, and forecasting. It can automatically flag issues, propose operational recommendations, and cite corresponding company policies. All recommendations require manual approval before execution. Financial calculations remain handled by deterministic software, while AI is solely responsible for policy interpretation and pattern recognition.
Block Plans to Establish Bitcoin and Stablecoin Custody Trust Bank, Applies for U.S. Federal Bank Charter
Odaily reports: Block, the payment company founded by Jack Dorsey, has submitted an application to the U.S. Office of the Comptroller of the Currency to establish an uninsured national trust bank named Builders Bank & Trust, N.A. Proposed president and CEO Lee Woolley stated that the bank will leverage Block's experience in digital assets, the history of Square Financial Services, and the team's banking expertise to provide custody and other trust services including Bitcoin and stablecoins, and to establish a federal regulatory framework for some of Block's existing custody operations.This application joins the ranks of fintech and crypto companies seeking federal bank charters. Since 2025, the U.S. Office of the Comptroller of the Currency has received 40 applications for new bank charters, approved 21, and rejected only 2. Previously, Revolut received conditional approval, and Coinbase, Paxos, BitGo, Ripple, and Circle have also joined the related ranks.
Ripple General Counsel Lobbies Senators to Advance CLARITY Act on September 15
According to Bitcoin.com, Ripple Chief Legal Officer Stuart Alderoty has recently visited the offices of several senators with undecided or opposing stances, requesting that they meet with actual U.S. cryptocurrency holders before the vote. Ripple cites data showing that there are currently 67 million cryptocurrency holders in the United States, with the industry providing 232,000 jobs and generating approximately $55 billion in economic activity. A procedural vote will take place on September 15, requiring at least 60 votes to initiate formal debate on the CLARITY Act. The bill aims to establish a federal regulatory framework for digital assets, transferring oversight authority of the digital commodity spot market to the CFTC, marking the largest expansion of the CFTC's powers in its history. Currently, seven Democratic senators have raised ethical concerns regarding the bill, leaving uncertainty over whether it can clear the 60-vote threshold.
Kalshi applies to launch forex and interest rate perpetual contracts
Odaily News: Andy Ross, head of institutional business at Kalshi, said that Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates. The application was submitted on Monday and had not appeared in the U.S. Commodity Futures Trading Commission (CFTC) public filing system as of Tuesday afternoon. Previously, the CFTC approved Kalshi to list bitcoin perpetual contracts in May this year, followed by the launch of ETH and XRP perpetual contracts. Since then, Kalshi has continued to expand perpetual contracts beyond cryptocurrencies: it submitted applications for gold, silver, and platinum perpetual contracts in July, and on August 18, it submitted applications for U.S. large-cap stock index and copper perpetual contracts. Ross said Kalshi hopes to bring multiple asset classes such as stocks, commodities, cryptocurrencies, fixed income, and interest rates into a unified trading interface. Currently, the platform's market count has increased from approximately 4,000 to around 10,000, and activity has gradually spread from a few popular markets to a wider range of markets.
Dogecoin ETFs Attract Only $12 Million in Ten Months, While XRP and Solana Combined Inflows Exceed $3 Billion
three U.S. Dogecoin ETFs have collectively attracted just over $12 million in inflows over the past 10 months, compared to XRP funds which pulled in $12.29 million in a single day on September 9. Since their debut in November 2025, XRP funds have accumulated $1.7 billion in net inflows, while Solana funds have drawn $1.36 billion since launching in October 2025—both more than 100 times the total for Dogecoin funds.Previously, Bitwise announced it would shut down its Dogecoin ETF BWOW, which held only $687,713 in assets as of September 9, with trading expected to cease on October 14. Data shows that across 199 trading days, the three Dogecoin funds recorded net inflows on only 28 days, with zero net flows on 166 days. MyDoge founder Jordan Jefferson believes that accessibility has never been the biggest bottleneck for Dogecoin; whether institutional demand can be unlocked depends on whether investors can find underwriting value beyond price appreciation. (CoinDesk)
Ripple RLUSD Stablecoin Supply Hits Record High, Ethereum Holdings Surpass XRP Ledger
According to Bitcoin.com News, Ripple’s stablecoin RLUSD reached a historical high of $2.442 billion in supply this week, up approximately 41% from $1.72 billion a month ago. Notably, the new supply has primarily flowed into Ethereum rather than the XRP Ledger. Ethereum currently holds $1.37 billion compared to the XRP Ledger’s $1.05 billion, marking a complete reversal from July when the XRP Ledger accounted for 58.9% of the total. Of the roughly $840 million in new supply added since July, Ethereum absorbed the vast majority.
Analysts: Altcoin ETF demand is real, but has not yet formed a sustained trend.
Analyst Edgy from The DeFi Edge stated that Bitcoin ETFs attracted approximately $3.54 billion in August, while Ethereum ETFs drew in around $1.84 billion. During the trading week of August 24–28, SOL ETFs registered a net inflow of $142.7 million, XRP ETFs $110.5 million, and HYPE ETFs $56.8 million, totaling roughly $310 million, highlighting market demand beyond BTC and ETH. However, in the following week of August 31 to September 4, SOL’s net inflow plummeted to $4.9 million, HYPE dropped to $12.3 million, whereas Bitcoin ETFs continued to attract $987 million during the same period. Analysts noted that capital inflows into altcoin ETFs have yet to establish a sustained trend, and whether they can maintain steady absorption capacity over the next month remains a key metric to watch.
Japanese Listed Company Remixpoint Liquidates Altcoins, Retains Only Bitcoin Holdings
Japanese publicly listed company Remixpoint announced that it sold all of its holdings of ETH, SOL, XRP, and DOGE on September 1, totaling 878.8 million yen and realizing a gain of 117.8 million yen. Following the sale, the company's remaining cryptocurrency holdings consist solely of approximately 1,506 Bitcoin.
Iran tensions trigger risk asset selloff, with Solana, Ethereum, and XRP leading declines among major cryptocurrencies.
According to CoinDesk, following US air strikes on Iran, global risk assets came under pressure and the cryptocurrency market declined in tandem. Over the past 24 hours, major large-cap tokens saw widespread declines, with Solana and Tron dropping more than 3%, Ethereum falling around 2%, and XRP declining nearly 2%. Bitcoin recorded a relatively smaller decline of approximately 1%, trading at around $77,500.
Wintermute Weekly: BTC Digests 23% Rally, ETFs See First Outflow After Nine Consecutive Days of Net Inflows
According to the weekly market report by Wintermute OTC trader @Jjay_dm, Fed Chair Warsh delivered a hawkish speech at Jackson Hole, reiterating the 2% inflation target and pushing the probability of a September rate hike to 61.9%, making the September 15-16 FOMC meeting a key catalyst for risk assets. In cross-asset performance, 20+ year US Treasuries led gains (+1.01%), followed by altcoins (+0.61%), the S&P 500 (+0.47%), and the Nasdaq (+0.42%). BTC closed flat (+0.10%), while ETH (-0.86%), the Russell 2000 (-1.40%), gold (-3.42%), and Brent crude oil (-4.31%) were the weakest performers. In the crypto market, BTC digesting its previous 23% rally, encountered repeated rejections at the $82k resistance level. It reached an intraday high of $81k earlier this week, dipped below $78k following Warsh's remarks, and ultimately closed flat. BTC ETFs posted nine consecutive days of net inflows totaling $924 million, with a first-time single-day outflow of $202 million on Friday. ETH ETFs logged net inflows of $816 million this week, with no single-day outflows. SOL and XRP ETFs both set new 2026 weekly inflow records, reaching $154 million and $110 million, respectively. Strategy increased its position again on Monday, raising $2 billion, with approximately $16
Nearly 200,000 XRP Stolen, Coreum Cross-Chain Bridge Attacked
Odaily News: The cross-chain bridge connecting XRP Ledger and Coreum was attacked on August 9. The attacker exploited a validation logic vulnerability to steal approximately 199,900 XRP, reducing the bridge's asset balance from roughly 200,400 XRP to 493.5 XRP. The attack did not involve private key leaks and did not target the XRP Ledger protocol itself. The attacker forged deposit operations, causing the bridge system to recognize them as legitimate deposits and triggering the bridge wallet on the other end to send real XRP. On-chain data shows that the attacker completed the fund transfer through 94 multi-signature authorization transactions within 97 minutes. These transactions required signatures from 17 of the 28 relay node keys, allowing the attacker to bypass the bridge's validation mechanism. As of August 11, the Coreum cross-chain bridge remains suspended, and the Coreum Development Foundation has not yet released an official incident report. The XRP mainnet and user private keys remain unaffected and secure.
Next week's release: XRP Ledger's new version, xrpld 3.3.0, will feature five new capabilities
Odaily News: Jazzi Cooper, RippleX Product Lead, announced on X that the next version of XRP Ledger, xrpld 3.3.0, is set to launch next week. Upon release, it will introduce five new features to validators: confidential MPT, batch transactions, delegated permissions, fee sponsorship and reserves, and dynamic MPT. Among these, the amendments for batch transactions and delegated permissions were previously urgently withdrawn after security researchers discovered severe vulnerabilities. She noted that XRP Ledger already has the capacity to support tokenized assets at scale, and this upgrade will further drive the adoption of these assets in global transfers, trading, collateralization, and settlement scenarios.
Ripple to Share North Korean Threat Intelligence with Crypto Industry to Counter Long-Period Social Engineering Attacks
According to CoinDesk, Ripple announced on Monday that it will share its internal intelligence on North Korean hackers with Crypto ISAC, a threat intelligence-sharing organization for the cryptocurrency industry, to help businesses identify coordinated intrusion campaigns. This move comes amid a recent shift in attack patterns targeting the cryptocurrency sector. The April theft of $285 million from the Drift protocol was not a traditional smart-contract vulnerability exploit; instead, North Korean hackers spent months building relationships with Drift contributors and installing malware on their devices before stealing private keys. Ripple stated: “The strongest crypto security posture is a shared one. A threat actor rejected by one company after background screening may submit resumes to three other companies the same week. Without shared intelligence, each company starts from scratch.”
Researcher cracks 15-bit ECC key, earns 1 Bitcoin reward
According to Odaily, independent researcher Giancarlo Lelli was awarded the Q-Day Prize and 1 Bitcoin by quantum security startup Project Eleven for successfully cracking the encryption keys protecting Bitcoin. Giancarlo Lelli utilized publicly available quantum hardware and a variant of Shor's algorithm to crack a 15-bit encryption key among 32,767 possibilities. The difficulty of this quantum attack is 512 times greater than the 6-bit key record set in September 2025. Project Eleven CEO Alex Pruden stated that the resource requirements for such attacks continue to decline, with approximately 6.9 million Bitcoins currently held in vulnerable static addresses, including 1 million Bitcoins owned by Satoshi Nakamoto. The Bitcoin network has proposed BIP-360 to introduce quantum-resistant address types, while platforms such as Ethereum, Ripple, and Tron have also begun releasing plans for transitioning to post-quantum defenses.
Gate launches stock event contracts, with the first phase covering MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics
Odaily News, according to an official announcement, Gate has officially launched stock event contracts. The first phase exclusively features four popular stock underlyings: MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics, while simultaneously opening 5-minute and 15-minute short-cycle bullish/bearish trading markets.It is reported that Gate has become the first trading platform to support stock event contracts, further extending event contract trading coverage to both crypto assets and traditional stocks. Currently, the platform supports crypto assets such as BTC, ETH, SOL, XRP, DOGE, HYPE, and BNB, as well as stock underlyings including MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics. Users do not need to use leverage or pay margin, and only need to predict the price direction of the underlying within a specified time period to participate in trading. At present, users can access trading via the Gate App or official website by navigating to [Contracts] - [Event Contracts] and filtering by the [Stocks] category.
Ripple CEO: Dutch Central Bank Took Months to Transfer $11 Billion in Gold, Which Is Exactly an Ideal Use Case for Cryptocurrency
According to Bitcoin.com, Ripple CEO Brad Garlinghouse posted on September 4 that the Dutch Central Bank (DNB) spent several months redeploying approximately 86 tons of gold from New York and Ottawa to London, valued at roughly $11 billion. Approximately 59 tons were handled through market trades (selling in New York and buying in London), while over 27 tons were physically transported. Following the operation, DNB's share of gold reserves held in London increased from 18.1% to 32.1%, with total reserves remaining unchanged at 612.4 tons. Regarding this move, Garlinghouse noted that cryptocurrency has evolved from a $1.5 billion experiment in 2013 into a $2.7 trillion asset class today, yet the methods used by central banks to transfer value remain stuck in the 1940s. "This is the ideal use case for cryptocurrency—the ability to store and transfer value globally, instantly, securely, and at a low cost."
University of Florida Enters Multi-Year Brand Partnership with Ripple, XRP Logo to Appear at Home Football Stadium
According to The Block, the University of Florida has signed a multi-year partnership agreement with Ripple. Starting with the 2026 football season, the XRP brand will officially enter the university's athletic programs, including featuring a prominent logo on the field at Ben Hill Griffin Stadium, alongside branding for digital assets and event promotions. Additionally, Ripple will provide financial and technology education support to student-athletes and the campus community.
Ripple and University of Florida Reach Multi-Year Partnership Agreement, $5 Million Annual Sponsorship for Stadium Branding Rights
Odaily News: The University of Florida has announced a multi-year sponsorship partnership with Ripple, with the XRP brand logo set to debut at Ben Hill Griffin Stadium starting this Saturday's game against Florida Atlantic University. Sources familiar with the matter revealed that the partnership brings in approximately $5 million in annual revenue to the university, though neither party has disclosed specific financial terms. In addition to stadium branding rights, Ripple will also receive digital media and in-game presentation rights, while supporting financial literacy and digital asset education programs for student-athletes and the campus community. (Apnews)
BIS Publishes Working Paper: Exploring Blockchain-Based Verification Solutions for Official Statistical Data
According to BIS Working Paper 1374 released by the Bank for International Settlements (BIS), the BIS, together with several researchers, has proposed a verifiable framework that binds official statistical data to the blockchain. The solution computes cryptographic fingerprints for SDMX datasets and anchors the digest values to the XRP Ledger, enabling independent verification of data provenance and integrity while leaving existing data publication workflows unaffected. Prototype tests show a data publication latency of approximately 3–5 seconds and a verification latency of approximately 1–2 seconds, meeting the requirements for real-time interactions and automated systems. Since only fingerprints, rather than raw data, are stored on-chain, data confidentiality is preserved. Cost modeling indicates that on-chain fees become negligible after batch processing, with a single ledger record capable of covering thousands of datasets. The study also provides an open-source reference implementation and reserves capacity for future integration of zero-knowledge proofs and AI-driven automated verification.
Kalshi applies to launch forex and interest rate perpetual contracts
Odaily News: Andy Ross, head of institutional business at Kalshi, said that Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates. The application was submitted on Monday and had not appeared in the U.S. Commodity Futures Trading Commission (CFTC) public filing system as of Tuesday afternoon. Previously, the CFTC approved Kalshi to list bitcoin perpetual contracts in May this year, followed by the launch of ETH and XRP perpetual contracts. Since then, Kalshi has continued to expand perpetual contracts beyond cryptocurrencies: it submitted applications for gold, silver, and platinum perpetual contracts in July, and on August 18, it submitted applications for U.S. large-cap stock index and copper perpetual contracts. Ross said Kalshi hopes to bring multiple asset classes such as stocks, commodities, cryptocurrencies, fixed income, and interest rates into a unified trading interface. Currently, the platform's market count has increased from approximately 4,000 to around 10,000, and activity has gradually spread from a few popular markets to a wider range of markets.
Related news
Ripple CEO: CLARITY Act Vote Failure Is Disappointing, SEC and CFTC Will Continue to Fill Legislative Gap
Odaily Report: Ripple CEO Brad Garlinghouse posted on X regarding the CLARITY Act's failure to pass a procedural vote in the U.S. Senate, stating that the outcome is disappointing. The Ripple team and the crypto industry invested significant effort in pushing for the bill's passage, but ultimately fell short.Garlinghouse stated that the U.S. crypto industry still has reason to remain optimistic, as the SEC and CFTC will continue to develop relevant rules to fill the legislative gap left by the CLARITY Act's failure to advance, and Ripple will continue to participate in the rulemaking process. He also stated that this voting failure will not change Ripple's business momentum, global expansion, or customer demand.
Velocity Closes $48 Million Series A Funding Round with Participation from Visa, Circle, Ripple, and Others
According to CoinDesk, stablecoin payment infrastructure company Velocity announced the completion of an expansion round of its Series A financing, adding $10 million to bring the total round financing to $48 million, with a post-money valuation of $200 million. Investors in this expansion round include Visa Ventures, Circle Ventures, Ripple, Haun Ventures, Translink Capital, and Mirana Ventures, following the announcement of the initial Series A financing in July this year. Velocity is dedicated to providing stablecoin settlement, liquidity, and treasury management infrastructure to payment companies and banks, enabling them to integrate into blockchain payment networks without replacing existing systems. The head of Global Growth Products and Strategic Partnerships at Visa stated that stablecoins are reshaping how value flows within the Visa ecosystem, and Velocity is building the related infrastructure to drive the widespread adoption of stablecoin payments.
Grayscale Launches Advisory Model Portfolio Excluding BTC, With ETH Weighting at 42.34%
According to BeInCrypto, Grayscale has launched a model portfolio for financial advisors. The "Next Generation" strategy excludes Bitcoin, primarily allocating to ETH, XRP, and SOL, which together comprise approximately 89%. Specifically, ETH makes up 42.34%, XRP 26.11%, and SOL 21.09%. The portfolio is designed to provide wealth management institutions with exposure to non-Bitcoin cryptocurrency assets.
Dogecoin ETFs Attract Only $12 Million in Ten Months, While XRP and Solana Combined Inflows Exceed $3 Billion
three U.S. Dogecoin ETFs have collectively attracted just over $12 million in inflows over the past 10 months, compared to XRP funds which pulled in $12.29 million in a single day on September 9. Since their debut in November 2025, XRP funds have accumulated $1.7 billion in net inflows, while Solana funds have drawn $1.36 billion since launching in October 2025—both more than 100 times the total for Dogecoin funds.Previously, Bitwise announced it would shut down its Dogecoin ETF BWOW, which held only $687,713 in assets as of September 9, with trading expected to cease on October 14. Data shows that across 199 trading days, the three Dogecoin funds recorded net inflows on only 28 days, with zero net flows on 166 days. MyDoge founder Jordan Jefferson believes that accessibility has never been the biggest bottleneck for Dogecoin; whether institutional demand can be unlocked depends on whether investors can find underwriting value beyond price appreciation. (CoinDesk)
Ripple RLUSD Stablecoin Supply Hits Record High, Ethereum Holdings Surpass XRP Ledger
According to Bitcoin.com News, Ripple’s stablecoin RLUSD reached a historical high of $2.442 billion in supply this week, up approximately 41% from $1.72 billion a month ago. Notably, the new supply has primarily flowed into Ethereum rather than the XRP Ledger. Ethereum currently holds $1.37 billion compared to the XRP Ledger’s $1.05 billion, marking a complete reversal from July when the XRP Ledger accounted for 58.9% of the total. Of the roughly $840 million in new supply added since July, Ethereum absorbed the vast majority.
Upbit's trading volume reached $835 million last week, up 6.74% week-over-week.
South Korean cryptocurrency exchange Upbit reported a trading volume of 11.2 trillion won (approximately $8.35 billion) last week, up 6.74% from the previous week. XRP was the highest-volume cryptocurrency on the platform, followed by Bitcoin and USDT.