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- SEC's 2025 ruling reclassified XRP as non-security, enabling ETF approvals and shifting regulatory oversight to CFTC. - Institutional adoption surged with $1.3T in Q2 payments via Ripple's ODL and $45.5M XRP accumulation by South Korean firms. - Technical indicators suggest $3.00 breakout potential, with ETF approval potentially driving XRP toward $20–$27 by October 2025.
- XRP Ledger (XRPL) emerges as 2025's leading cross-border payment infrastructure, outperforming SWIFT and stablecoins with 3-5 second finality and 1,500 TPS. - Over 300 institutions including Santander and American Express adopt XRPL for real-time settlements, reducing costs by 60% in key corridors like U.S.-Mexico. - SEC's 2025 XRP non-security ruling and Fed's crypto normalization create regulatory tailwinds, enabling $1.3T in Q2 2025 transactions and institutional XRP ETFs. - Traditional banks face str
- Dogecoin's $32.6B surge is driven by Elon Musk's social media influence and institutional bets, despite its meme origins. - Musk's cryptic posts, like referencing D.O.G.E., correlate with sharp price spikes, raising concerns over market manipulation. - Institutional adoption, including CleanCore's $175M treasury, aims to legitimize DOGE as a utility asset, though its infinite supply and market volatility persist. - Investors are advised to treat DOGE as a high-risk satellite asset, hedging with Bitcoin/E
Two-thirds of L2 assets have left Ethereum's security protection.
Illiquid assets wrapped in on-chain liquidity are repeating the financial mismatches of 2008.
- 22:44Michigan officials: No evidence that Federal Reserve Governor Cook violated primary residence disclosure regulationsJinse Finance reported, citing foreign media, that the property tax authority in Ann Arbor, Michigan, stated that Federal Reserve Governor Lisa Cook did not violate regulations when applying for a property tax exemption for her primary residence. This finding may strengthen Cook’s defense against the Trump administration’s efforts to remove her from the Federal Reserve Board. Jerry Markey, the assessor for Ann Arbor, said there is “no reason to believe” that Cook violated property tax rules. Cook does occasionally reside elsewhere, and municipal records show she has applied to Ann Arbor authorities for permission to rent out her Michigan residence on a short-term basis. The official stated that temporarily leaving the residence or renting it out short-term does not disqualify Cook from the Ann Arbor property tax exemption. Markey said, “Temporarily residing elsewhere does not necessarily cause a homeowner to lose eligibility for the primary residence exemption.”
- 22:30Deutsche Bank: Investors Are Reducing Dollar Exposure at a Record PaceJinse Finance reported that Deutsche Bank's analysis of ETFs shows that overseas investors are significantly reducing their US dollar exposure at an "unprecedented pace" when purchasing US stocks and bonds with currency hedging. George Saravelos, the bank's Global Head of FX Research, cited data from over 500 funds, noting that for the first time in a decade, the capital inflows into US dollar-hedged ETFs for US assets have surpassed those into non-hedged funds. According to Saravelos, this hedging behavior explains why the US dollar has remained weak even as international investors have returned to US assets after Trump's tariff policies disrupted markets earlier this year. At that time, the market speculated that trade war risks might dampen investor interest in US stocks, bonds, and the US dollar itself. Saravelos wrote: "The implication at the FX level is clear: foreign investors may have returned to the US asset market (albeit at a slower pace), but they do not want to take on the accompanying US dollar exposure. For every purchase of an asset hedged against US dollar risk, an equivalent amount of currency is sold to eliminate FX risk."
- 22:14US lawmakers and crypto executives including Michael Saylor push for establishing a US strategic Bitcoin reserveJinse Finance reported that more than ten crypto industry leaders, including Strategy co-founder Michael Saylor and Marathon Digital Holdings CEO Fred Thiel, will hold a roundtable meeting with Senator Cynthia Lummis and Congressman Nick Begich on Capitol Hill in Washington to promote the "Strategic Bitcoin Reserve" legislation. This proposal, reintroduced by Lummis in March this year as the "BITCOIN Act," plans to acquire 1 million bitcoins over five years through a "budget-neutral strategy" and establish it as a U.S. strategic reserve asset. The bill is an expansion of an executive order by President Trump, which required the government to permanently hold bitcoin, prohibited its sale, and mandated that confiscated crypto assets be deposited into an independent reserve. Currently, the bill has been submitted to the House Financial Services Committee and the Senate Banking Committee, but a hearing has not yet been scheduled. This move follows Congress's passage of the first stablecoin regulatory bill and marks a shift by lawmakers toward broader crypto industry regulation. Industry organizations such as DPN (Digital Power Network) have stated they will ensure that the strategic bitcoin reserve becomes a priority in Washington.