XRP ETF from 21shares goes live after SEC declares S-1 effective

The U.S. Securities and Exchange Commission (SEC) has initiated an educational campaign aimed at retail investors regarding the custody of cryptocurrencies, highlighting the importance of understanding how to securely hold digital assets amidst evolving market conditions. This move comes as custody decisions are becoming increasingly critical in the cryptocurrency landscape.

Juventus owner Exor has rejected a $1 billion acquisition offer from Tether, the issuer of the USDT stablecoin, indicating a decision to maintain control over the football club. This rejection comes despite Tether's significant financial backing and interest in expanding its influence in the sports sector.

The XRP ecosystem has made a significant advancement with the launch of Wrapped XRP (wXRP) on the Solana and Ethereum blockchains, enhancing its interoperability and credibility within the cryptocurrency market. This integration allows XRP to leverage the strengths of these major platforms, potentially increasing its utility and adoption.

The U.S. Securities and Exchange Commission (SEC) has released new guidance on crypto asset custody aimed at enhancing protection for retail investors. This guidance is expected to influence the development of crypto custody practices, potentially leading to increased market stability.

The Office of the Comptroller of the Currency (OCC) has granted Ripple a conditional approval to operate as a national trust bank, a significant regulatory milestone for the cryptocurrency firm. This approval allows Ripple to expand its financial services and integrate more deeply into the U.S. banking system, utilizing its digital asset XRP for payment solutions.

The DeFi Education Fund has publicly criticized Citadel Securities for its recent call to the U.S. Securities and Exchange Commission (SEC) to regulate decentralized finance (DeFi) platforms that deal in tokenized stocks under existing securities laws. This move has sparked significant backlash from the crypto community, which values the independence of DeFi.

Pyth Network has launched the PYTH reserve initiative, aimed at sustaining network value through strategic token purchases. This initiative is expected to enhance network stability and bolster investor confidence by aligning token value with increased adoption and revenue generation.

Brazil’s largest private bank has recommended that investors allocate up to 3% of their portfolios to Bitcoin, reflecting a growing acceptance of digital assets in traditional finance. This recommendation aligns with similar advice from other major financial institutions, indicating a shift towards mainstream integration of cryptocurrencies.