Ohio Moves Toward Accepting Crypto for State Fees With Vendor Approval

XRP has officially joined a Nasdaq-listed crypto ETF following the SEC's approval of broader digital asset listings. This is a significant development for the cryptocurrency market, as it not only legitimizes XRP but also opens the door for more digital assets to be included in mainstream financial products. The SEC's decision reflects a growing acceptance of cryptocurrencies in traditional finance, which could lead to increased investment and innovation in the sector.

The US Senate has scheduled a hearing to discuss cryptocurrency taxation policy, a significant step towards clarifying regulations in the rapidly evolving digital currency landscape. This hearing is crucial as it aims to address the complexities surrounding crypto taxes, which have been a source of confusion for many investors and businesses. By establishing clearer guidelines, the Senate hopes to foster a more stable environment for cryptocurrency transactions, potentially encouraging more participation in this innovative financial sector.

A recent policy change by the US Securities and Exchange Commission may pave the way for quicker approvals of exchange-traded funds (ETFs) related to cryptocurrency. This shift is significant for retail investors, as it could enhance access to crypto investments and potentially stabilize the market. Experts believe that streamlined ETF approvals could attract more institutional interest, ultimately benefiting the broader crypto ecosystem.

Bitwise has filed an S-1 for a spot HYPE ETF, which is exciting news for investors looking to gain regulated access to Hyperliquid's token through traditional brokerage accounts. This move could open up new opportunities in the cryptocurrency market, making it easier for more people to invest in digital assets.

Cloudflare has announced plans to launch the NET Dollar, a stablecoin designed to facilitate instant payments for AI agents, creators, and developers globally. This initiative is significant as it aims to streamline financial transactions in the rapidly evolving AI landscape, potentially enhancing the efficiency and accessibility of payments in the tech industry.

Bitcoin's price saw a minor increase after a brief rebound, yet it remains in a bearish trend, currently at $111,000. Despite this, analysts suggest that Bitcoin may soon regain upward momentum as important on-chain metrics indicate a potential decline in the current volatility. This situation is significant as it could signal a shift in market dynamics, impacting investors and traders alike.

Onchain asset management is experiencing remarkable growth, with assets under management skyrocketing by 118% in 2025 to reach $35 billion. This surge highlights the increasing confidence in digital assets, and crypto trading firm Keyrock forecasts that this sector could nearly double again by 2026. This trend is significant as it reflects a broader acceptance and integration of cryptocurrency into mainstream finance, attracting more investors and potentially reshaping the investment landscape.

XRP is currently navigating a crucial resistance zone between $2.97 and $3. If it manages to hold above this level, it could signal a bullish trend and lead to a Wave 3 rally. However, if it faces rejection, a deeper correction may follow. Recently, crypto analyst CasiTrades highlighted the strength of the $2.79 support level, indicating that the market's current structure is holding firm. This situation is significant for investors as it could determine the short-term trajectory of XRP's price.

Australia is taking significant steps to regulate the cryptocurrency market by proposing bank-style rules for crypto trading platforms. This move comes after notable actions against Binance, signaling a commitment to enhance consumer protection and market integrity. By extending financial services law to include crypto, Australia aims to create a safer trading environment, which could boost investor confidence and stabilize the market. This regulatory framework is crucial as it sets a precedent for other countries considering similar measures.

This week is pivotal for the US crypto ETF market as experts anticipate final amendments for spot XRP and Solana ETFs. Following the SEC's recent approval of generic listing standards, the path has been cleared for these ETFs to be listed without the need for a specific 19b-4 approval. This development is significant as it not only opens doors for XRP and Solana but also for a broader range of cryptocurrency products, potentially transforming the investment landscape.

The stablecoin market has reached an impressive milestone, surpassing $300 billion in supply, marking a significant moment for the cryptocurrency sector. This growth indicates that stablecoins are becoming an integral part of the financial landscape, potentially bridging the gap between traditional banking and digital currencies. As more investors and institutions recognize the stability and utility of stablecoins, this trend could pave the way for broader adoption of cryptocurrencies in everyday banking.

ETHZilla Corporation is making waves in the decentralized finance space by deploying $47 million in Ether to the liquid restaking protocol Puffer. This move highlights ETHZilla's commitment to leveraging Ethereum as a treasury asset and expanding its DeFi ecosystem. As a publicly traded company on Nasdaq, this investment not only strengthens its position in the crypto market but also signals growing confidence in the future of decentralized finance.

The Shiba Inu developers have recently shared important updates regarding the Shibarium bridge, admitting past mistakes in its setup and management. They recognize that decentralization wasn't prioritized initially, but are now committed to addressing these issues and enhancing security. This transparency is crucial as it shows the team's dedication to improving the platform, which could foster greater trust and engagement within the community.

Crypto analyst Bobby A has unveiled a roadmap suggesting that XRP could reach a profit target between $8.43 and $13.58. By analyzing Bitcoin dominance and US small-cap trends alongside XRP's price structure, he identifies a clear take-profit band. This insight is significant as it indicates a potential bullish trend for XRP, suggesting that the market is gearing up for higher prices, which could attract more investors and boost confidence in the cryptocurrency sector.

The US Senate has scheduled a hearing to discuss cryptocurrency taxation policy, a significant step towards clearer regulations in the crypto space. This hearing is crucial as it could shape how digital assets are taxed, impacting investors and the broader market. With the growing interest in cryptocurrencies, establishing a fair taxation framework is essential for fostering innovation while ensuring compliance. This move reflects the Senate's recognition of the importance of adapting to the evolving financial landscape.

Aave is set to launch its V4 protocol upgrade, which aims to enhance user experience significantly. This upgrade introduces a modular design that replaces the previous monolithic architecture, allowing for more flexibility and improved functionality. This is an exciting development for users and investors alike, as it promises to make the platform more efficient and user-friendly.

China has taken a significant step by launching a digital yuan operations center in Shanghai, aimed at enhancing cross-border payments and blockchain services. This initiative not only showcases China's commitment to digital finance but also positions it as a leader in the global shift towards digital currencies. The hub is expected to facilitate smoother transactions and promote the use of digital assets, which could have a profound impact on international trade and finance.

Today's crypto news highlights the latest trends and events affecting Bitcoin and the broader cryptocurrency market. With ongoing developments in blockchain technology, decentralized finance (DeFi), non-fungible tokens (NFTs), and regulatory changes, it's crucial for investors and enthusiasts to stay informed. Understanding these dynamics can help navigate the ever-evolving landscape of digital currencies.