Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Onchain Lens detected a newly created wallet that received 14,959 ETH (approximately $48.42 million) from custody provider BitGo. Blockchain analysts say the wallet is likely associated with mining firm Bitmine. The transfer was flagged by on-chain monitoring services; no further comment or on-chain activity from the receiving wallet was reported in the report. The move represents a sizable on-chain transfer of ETH between institutional custody and a suspected miner-controlled wallet, which traders should monitor for follow-up movements or potential hot-wallet consolidation.

Moody’s has published a proposed framework to assign formal credit ratings to USD‑pegged stablecoins based on the credit quality of their reserve assets and related counterparties. The methodology evaluates each eligible reserve asset and counterparty, so two stablecoins claiming the same 1:1 USD peg could receive different ratings if their reserve compositions differ. A second phase adds market‑value adjustments by asset class and maturity to derive haircuts on reserve values. The model also incorporates operational, liquidity and technical risks to arrive at a comprehensive rating. Moody’s will estimate market‑value risk and implied discount rates per asset type and maturity, and recommends factoring in custody, counterparty and other operational exposures. The agency has opened the proposal for market feedback through January 26, 2026, as it refines the approach for potential use in credit analyses and investment decisions. For traders, the framework may change perceived counterparty and reserve risk across stablecoins, alter liquidity expectations, and drive flows into or away from specific USD‑pegged tokens depending on their rated reserve profiles.

On-chain analytics from Glassnode show total unrealized losses across the crypto market surged to roughly $350 billion following a bearish drawdown since October, with Bitcoin accounting for about $85 billion of those paper losses. The unrealized loss metric aggregates coins last moved at prices above current spot, signalling large pockets of holders sitting on losses. Glassnode warned that shrinking exchange liquidity and lower trading volumes are likely to increase volatility and downside risk. Supplementary data from Sentora noted divergent exchange netflows this week: Bitcoin saw net withdrawals near $1.34 billion while Ethereum recorded net inflows of about $1.03 billion — a mix that can heighten selling pressure for BTC and temporarily support ETH. Recent price action saw BTC fail to hold above $92,000 and trade near $90,000 at publication. Market commentators and CryptoQuant analysts observed that elevated unrealized losses often form in later correction stages and that short-term holders are bearing outsized losses in 2025. For traders, the combination of high unrealized losses and weak liquidity raises the risk of forced selling and cascade events in drawdowns, while also creating potential mean-reversion or accumulation opportunities for risk-tolerant buyers. Key takeaways: monitor exchange netflows, liquidity metrics and short-term holder concentration for increased tail-risk and potential entry points.

Bitcoin miner revenue has declined about 11% over two months, dropping from roughly 562 BTC in mid‑October to about 502 BTC as of mid‑December, according to Glassnode. The fall in revenue comes despite mining difficulty reaching an all‑time high (~159 trillion in early November), squeezing miner profitability as they require more hashing power and electricity to earn the same rewards. Miner balance metrics show growing distribution: miners’ net position change moved back into the red (–487 BTC recently) after a larger outflow (–3,555 BTC) in late November that coincided with BTC trading near $80k. Short‑term holders (STHs) also remain underwater, with a reported STH cost basis near $102k while BTC trades ~30% below its $126k peak. ETF flows are volatile, with recent net outflows (~$80m) undermining sustained institutional support. For traders, these signals point to increased downside pressure: rising miner sales, falling miner revenue and elevated difficulty raise the risk of further supply entering the market, potentially testing the $90k floor and exacerbating volatility in the short term. Key metrics: miner revenue down 11% (562→502 BTC), mining difficulty ~159 trillion, miner net position change –487 BTC (recent), prior –3,555 BTC, STH cost basis ≈ $102k, ETF net outflows ≈ $80m.

Ripple has partnered with Swiss FINMA-regulated crypto bank AMINA to integrate Ripple Payments and support Ripple’s USD stablecoin (RLUSD), making AMINA the first European bank to go live with Ripple’s fiat-to-stablecoin settlement solution. The integration lets AMINA settle fiat and RLUSD transactions off traditional banking rails, offering faster, lower-cost and more transparent cross-border payments for crypto-native clients and businesses. Amina’s CPO Myles Harrison said stablecoins reduce friction for web3 and cross-border transactions that legacy banks struggle to handle. Ripple described the deal as an on-ramp between traditional finance and blockchain, enabling AMINA to serve digital-asset innovators. The partnership follows AMINA’s earlier July integration of RLUSD and aligns with Ripple’s broader push to onboard traditional finance — including product builds across trading, treasury, payments and custody — and recent regulatory approvals for RLUSD in jurisdictions such as Singapore and Abu Dhabi. For traders: the move expands RLUSD’s institutional utility and regulated on-ramps in Europe, potentially increasing demand and liquidity for RLUSD and related rails while reducing settlement friction for stablecoin-backed flows.

JPMorgan arranged a tokenized commercial paper (USCP) issuance for Galaxy Digital on the Solana public blockchain, with end-to-end settlement executed in USDC. Institutional participants included Coinbase (custody, wallet and USDC on/off-ramp) and Franklin Templeton as a buyer. JPMorgan used a Galaxy subsidiary to facilitate the deal and highlighted USDC settlement as a way to reduce counterparty and operational risk and dramatically shorten settlement times through atomic on-chain issuance, trading and redemption. Key terms — including issuance size and maturity — were not disclosed. Analysts noted benefits such as programmability, faster settlement and increased institutional credibility for Solana (SOL), while flagging unresolved regulatory, disclosure and smart-contract risks for tokenized real-world assets (RWA). Industry data cited a rapid rise in tokenized Treasury volumes, underscoring growing institutional interest; forecasts suggest tokenized assets could scale substantially by 2030. For traders, the event signals rising institutional adoption of on-chain debt markets, potential positive sentiment pressure on SOL and increased on-chain USDC flow, though near-term price impact may be limited until larger, more transparent issuances and clearer regulatory guidance emerge.

Police in Manhattan said investigators recovered a paper labeled “Encrypted — Cryptocurrency Seed Phrase” from a backpack belonging to suspect Manzione, arrested five days after the shooting at a Pennsylvania McDonald’s. A pre-trial hearing introduced a heavily redacted photo of the document as evidence, but prosecutors did not disclose which cryptocurrency the seed phrase related to or whether the defendant controls any associated wallets or assets. Authorities have not alleged illicit activity tied to the seed phrase; the matter remains under judicial review. Experts note the case highlights the growing relevance of digital wallets, seed phrase security and blockchain tracing in criminal investigations. Key names: suspect Manzione; location: Manhattan (New York) and arrest in Pennsylvania. No coins or wallet balances were identified.

Fleet Mining now accepts XRP deposits and converts them into cloud-mining power that mines Bitcoin on users’ behalf. The service positions XRP as a fast, low-fee funding currency for immediate activation of mining contracts without hardware, electricity costs, or technical setup. New users can receive a welcome bonus (reported $15–$100 range) to join starter plans. Example contract tiers cited: $100 (2 days, $3/day), $1,200 (10 days, $16.20/day), $6,000 (20 days, $96/day), $30,000 (45 days, $540/day). Earnings are distributed daily and can be withdrawn or reinvested. The article frames cloud mining as an easy way for XRP holders to access mining revenues indirectly despite XRP itself being non-mineable. A disclaimer notes the content is not trading advice and recommends independent research.

The Hong Kong Monetary Authority (HKMA) issued a statement denying any partnership or regulatory relationship with the platform branded “Hong Kong Yunbo Holdings / Yunbo Holdings 2.0.” HKMA clarified the platform is not supervised by the authority and warned the public to be cautious of promotional claims about stablecoins. The central bank also confirmed it has not issued any stablecoin licences to any issuers to date and directed the public to consult HKMA’s official website for the list of regulated entities. The advisory follows circulating promotional material implying official ties or approval. This development is relevant for crypto traders because claims of regulator-backed stablecoins can affect trust, on-chain flows, and stablecoin adoption dynamics.

Shiba Inu (SHIB) is trading in a compression zone after a one-day net exchange outflow of approximately 192.6 billion SHIB. Daily moving averages (50, 100, 200 EMA) remain declining and cap upside, so a confirmed trend reversal requires SHIB to reclaim the 50 EMA. Momentum indicators (RSI in the mid-40s) show neutrality rather than active selling. The exchange outflow suggests accumulation or transfers to cold storage rather than imminent selling — historically, sustained negative netflows have preceded SHIB rallies. The price structure resembles a shallow ascending support within a broader descending range/falling wedge, which commonly precedes a relief rally or sideways consolidation before another leg down. Key invalidation: a clear breakdown below the current consolidation base would negate the bullish implications of the outflow. Traders should watch: continued negative exchange flows, rising volume accompanying price gains, and a successful reclaim of the 50 EMA for a higher-probability short-term bounce; otherwise expect sideways action. Primary keywords: Shiba Inu, SHIB, exchange outflow, moving averages, EMA, RSI, accumulation.

SUI has climbed after being included in the Bitwise 10 Crypto Index ETF (BITW), which began trading on NYSE Arca on December 10, 2025. Bitwise allocated 0.24% of the ETF to SUI — roughly $2.4 million at launch — creating immediate institutional demand. On‑chain and derivatives flows show strong bullish positioning: CoinGlass reports around $17.17M of SUI withdrawn from exchanges over the past week (spot accumulation) and approximately $17.63M in leveraged long positions versus $5.72M in shorts. SUI traded near $1.64 (up ~6.35%) when reported. Key technical and risk levels include support near $1.512, resistance near $1.694, and a daily close above $1.75 that analysts say could target about $2.20 (~26% upside). Volume has fallen ~22% to $831M (CoinMarketCap), indicating weaker participation despite price gains. ADX at ~26.7 signals directional momentum. For traders: ETF inclusion and exchange outflows are bullish catalysts, leveraged-long concentration and lower volume raise short‑term volatility and liquidation risk — monitor the $1.512–$1.694 liquidation bands, daily closes around $1.75, and ongoing ETF/inflow data for sustained demand.

Cardano (ADA) faces heightened downside risk after a three-day slide from $0.482 to $0.409 (≈15.5% loss) amid weak market participation and token fallout. ADA traded near $0.41 as selling pressure accelerated following the launch of the Midnight Network sidechain and the volatile debut of its NIGHT token, which spiked then plunged over 80% as airdrop recipients dumped holdings. Open interest in ADA futures fell from $846.5M to $694.2M (Coinglass), signaling deleveraging or liquidations and reduced speculative demand. On-chain data also shows rising circulating ADA supply, adding further downward pressure. Technicals show a V-top reversal beneath the 20-day EMA, lower highs and lower lows on the daily chart, and bearish conviction backed by rising volume. Analysts warn ADA could fall another ~15% to test a long-term ascending support trendline near $0.34; a break below it could trigger larger mid-term selling. Key metrics for traders: price action (0.482→0.409), open interest drop (~$152M decline), NIGHT token collapse and increased supply. Short-term outlook: elevated volatility and bearish bias; traders should watch open interest, volume, RSI, and the $0.34 support for potential entries or further downside.

A 24-hour liquidation wave forced more than $213 million of leveraged crypto positions to close, overwhelmingly hitting long traders. The later report raised total liquidations from prior estimates (~$187M) and showed Ethereum led the losses with about $114M liquidated (≈92.9% longs), followed by Bitcoin at ~$73.8M (≈90.6% longs) and Solana at ~$25.2M (≈80.8% longs). A sudden price drop breached key support levels and triggered exchange auto-liquidations of perpetual futures, producing cascading sell pressure that amplified the decline. Traders using high leverage and crowded long positions bore the brunt. Key takeaways for futures traders: reduce leverage, set stop-losses, keep adequate margin buffers, and monitor funding rates and liquidation trackers (eg. Coinglass) to spot overcrowded longs. Large-scale liquidations remove excess leverage and can precede short-term consolidation or rebounds, but they typically increase volatility and risk of further downside in the immediate term. For traders, the event underscores tightened risk management and cautious position sizing around major market moves.

Bolivia’s Blockchain Association plans to submit a proposal to the president to tokenise gold and other precious metals on the Ethereum network. The proposal aims to create end-to-end traceability from mine extraction to national reserves to curb corruption. The association’s model draws on Bhutan’s recent example, where Bhutan issued a gold-backed token on Solana in December 2025. Key elements include using Ethereum as the ledger, tokenising sovereign or mined gold to improve transparency, and implementing tracking across the supply chain. No legislative timeline, technical architecture details, or government response were provided in the report. Primary keywords: tokenisation, Ethereum, gold token, precious metals, supply-chain traceability. Secondary/semantic keywords: on-chain provenance, anti-corruption, sovereign reserves, Solana example.

US XRP spot ETFs recorded a combined single-day net inflow of $20.17 million on Dec. 12 (EST), according to SoSoValue. Franklin’s Franklin XRP ETF (XRPZ) led with $8.7 million in daily inflows and has accumulated $185 million in historical net inflows. Bitwise’s XRP ETF (XRP) followed with $7.85 million for the day and $213 million in cumulative inflows to date. Total net asset value (NAV) for US XRP spot ETFs stands at $1.18 billion, with XRP representing 0.98% of net assets. Cumulative historical net inflows into XRP spot ETFs have reached $975 million. Earlier reporting (Dec. 5) showed smaller combined daily inflows of $10.23 million, led by Canary’s XRPC and Bitwise’s XRP ETF, indicating an acceleration in cash flows into XRP spot ETFs over the week. Data are market information only and do not constitute investment advice.

The Uniswap Foundation led a coordinated industry reply disputing Citadel Securities’ 13-page letter to the SEC that urged stricter regulation of tokenized securities. The response, co-signed by the DeFi Education Fund, a16z, the Chamber of Digital Commerce, Orca Creative, and academic J.W. Verret, described Citadel’s critique as inaccurate and commercially motivated. Signatories argued that investor protection and market integrity can be achieved through well-designed on-chain markets without mandatory registration of intermediaries, and that disciplined on-chain mechanisms enable safe tokenization of securities. The exchange reflects a broader policy debate as regulators weigh practical frameworks for DeFi; proponents seek safeguards for developers and decentralized protocols while critics call for balanced oversight rather than blanket restrictions. No precise rule changes were announced; the dispute is positioned as part of an ongoing dialogue influencing how the SEC may treat tokenized assets and decentralized trading infrastructures.

On-chain analytics show an address tied to Polychain Capital transferred its entire 4.114 million PENDLE position to institutional broker FalconX about eight hours ago. Polychain accumulated the holding from March to September at an average cost near $3.16 per token, spending roughly $13 million. At the time of transfer PENDLE traded around $2.19, implying an approximate mark-to-market paper loss of $3.99 million. Blockchain firms previously flagged a similar transfer as potentially signalling an institutional exit, but the move can also reflect custody reallocation, OTC sale preparation, collateral posting, or market-making/lending reuse. Traders should treat this as a potential source of near-term supply pressure for PENDLE: monitor FalconX order flow, exchange deposits and withdrawals, on-chain custody transfers, and PENDLE order-book depth and spreads. Short-term volatility and downside risk increase if FalconX places these tokens on the open market, but a custody deposit alone does not confirm an imminent dump. Primary keywords: PENDLE, Polychain Capital, FalconX, token transfer, paper loss. Secondary keywords: custody move, on-chain analytics, supply pressure, mark-to-market, exchange deposit.

Reuters confirmed that Strategy was not excluded from the Nasdaq 100 following the latest rebalancing. Continued inclusion signals institutional validation: it confirms liquidity, market-cap and governance standards and keeps the company in scope for index-tracking ETFs and passive flows. For crypto markets, Strategy’s presence in the Nasdaq 100 acts as a bridge for conservative capital to gain indirect exposure to digital assets, supporting credibility, steady demand from index funds, and broader mainstream awareness. Immediate implications for investors include reduced risk of a de-indexing sell-off and typically lower volatility for crypto-correlated stocks compared with native crypto tokens. Longevity depends on Strategy’s sustained compliance with Nasdaq criteria, regulatory clarity, and the wider health of the crypto sector. Traders should monitor index fund flows and how traditional-market moves begin to affect crypto-linked equities as intermarket correlations may increase.

On-chain analyst Axel Adler warns that multiple structural on-chain and market indicators point to an extended Bitcoin bear phase. The 30-day vs. 365-day MVRV Z-score spread is deeply negative and deteriorating, signaling weaker demand, persistent sell pressure and liquidity erosion. Historically, a crossover (30d MVRV rising above 365d) has marked bear-to-bull transitions; Adler estimates the next plausible crossover window in H2 2026, implying current rallies are likely counter-trend bounces. Price action reflects this view: BTC is trading in a tight consolidation near ~$92,000 after a fall from ~$120,000, below the 50-, 100- and 200-day moving averages which act as resistance. Key technical levels noted: a decisive break below $90,000 could open liquidity toward $86,000–$84,000, while reclaiming $96,000 would be an early sign of strength. Derivatives positioning, stablecoin flows and long-term holder behavior also show reduced conviction. For traders, the report suggests elevated volatility, faded rallies, and a higher probability that upside moves are short-lived until on-chain MVRV structure improves.

Florida authorities seized roughly $1.5 million in cryptocurrencies linked to an investment fraud case after tracing transactions from a July 2024 complaint. Prosecutors say blockchain forensics, exchange cooperation, traditional financial probes and search warrants linked wallets to a suspect identified as Tu Weizhi, charged with money laundering, grand theft and running an organized fraud scheme; he is reportedly in China and faces arrest if he enters the U.S. Seized holdings included SOL, AVAX, DOGE and PEPE. The operation highlights law enforcement’s growing ability to track cross-chain flows and secure crypto assets, while raising operational challenges such as custody decisions, cross-jurisdictional enforcement and market volatility. For traders, the case underscores enforcement risk, the value of using regulated exchanges, detailed record-keeping and awareness that seized assets may be held, forfeited or liquidated depending on legal outcomes.

Hex Trust has launched wXRP on Solana — a wrapped token pegged 1:1 to native XRP held in regulated, segregated custody. The product uses LayerZero’s Omnichain Fungible Token (OFT) standard to enable secure, bridge-less cross-chain transfers and intends to support swaps, liquidity pools and rewards across Solana initially, with Optimism, Ethereum and other chains planned. Hex Trust estimates over $100 million in initial TVL and states wXRP will include AML/KYC controls, insurance and third-party audits; minting and redemption are restricted to authorized, compliant merchants to preserve on‑ledger 1:1 redeemability. RippleX and Hex Trust executives highlighted the integration’s role in expanding XRP liquidity and enabling DeFi use — letting institutions and traders move XRP liquidity into Solana DEXs, lending markets and liquidity protocols while retaining redemption rights on the XRP Ledger. Early market reaction was muted: XRP traded near $2.03 and SOL near $130 during the launch window. Key SEO keywords: wXRP, XRP, Hex Trust, LayerZero, Solana, cross-chain liquidity, TVL, wrapped XRP.

Market rumors that Oracle delayed construction of OpenAI’s large-scale data center — reportedly pushed from 2027 to 2028 due to US labor and material shortages — triggered a broad sell-off in AI-related equities and spilled into crypto markets. Oracle shares fell as much as 6% intraday and closed down 4.47%; Nvidia slid nearly 3% and AMD over 5%. Crypto-related stocks also dropped (Bitmine -9.17%, Circle -5.76%, Coinbase -0.46%). Bitcoin plunged below $90,000 around midnight before recovering to $90,287 at the time of reporting; Ethereum held above $3,000. Reports stressed the potential financial consequences for Oracle if milestones slide — including earlier recognition of capital expenditure and rising CDS costs — though Oracle denied delays, saying its Texas Abilene site already hosts 96,000 Nvidia chips and that contract milestones remain on track. Analysts note the episode highlights a shift in AI bottlenecks from pure compute (“GPU wars”) to construction, materials and power logistics, meaning supply-chain or infrastructure hiccups can rapidly affect high‑valuation AI and semiconductor stocks and, by extension, correlated crypto assets.

DAS (Digital Asset Solutions) research argues XRP is shifting from a speculative token toward bank‑grade payment infrastructure. The report highlights three pillars: (1) XRP’s structural advantages — fast settlement, low fees, neutral bridge liquidity and a globally distributed ledger — that suit predictable value transfer for enterprises; (2) integration with fiat‑pegged stablecoins, notably Ripple’s RLUSD acting as a price anchor while XRP supplies corridor liquidity; (3) enabling catalysts such as expanding RippleNet partnerships, RLUSD corridor pilots, improved institutional custody (Ripple Prime), identity and licensing work including ZK identity tools, and ongoing discussions around ETF structures. The research notes current adoption remains limited at commercial scale: many firms use RippleNet without on‑ledger XRP settlement, and RLUSD corridor volumes are small. Regulatory uncertainty persists (no SEC approval for a spot XRP ETF), but technical, custody and compliance advances increase the plausibility of deeper institutional use. For traders: the report strengthens the narrative that XRP could function as regulated payments plumbing rather than solely a speculative asset. If pilots scale, custody improves and regulatory clarity advances, this could support medium‑term demand for XRP; however, short‑term price action will likely remain driven by market sentiment and regulatory news. Primary keywords: XRP, Ripple, RLUSD, RippleNet, stablecoin, institutional custody, payment rails.

A BNB-linked whale (address starting 0x2ee6) deployed 539.6 BNB (≈ $476,000) to acquire 1.65 million RAVE tokens, according to on-chain data cited by Coinotag and LookIntoChain on December 13. The position’s market value has risen to roughly $950,000, producing an unrealized gain near $474,000 — an ROI close to 100%. The large buy occurred amid relatively tight liquidity, suggesting concentrated accumulation by a single holder. Traders should monitor on-chain volume, wallet flows, DEX/spot liquidity and order books, and key support/resistance levels to determine whether this signals sustained demand and a potential rally for RAVE or a short-term pump driven by a single-address accumulation. Primary keywords: RAVE, BNB whale, on-chain buy, unrealized profit. Secondary keywords: ROI, liquidity, on-chain volume, spot market.

Itaú Asset, Brazil’s largest asset manager (over $185bn AUM), has formally recommended a strategic Bitcoin (BTC) allocation of 1–3% in investor portfolios. The guidance frames Bitcoin as a diversification and currency-hedge tool—particularly against Brazilian real depreciation and inflation—rather than a speculative core holding. Itaú highlights BTC’s low correlation with stocks and bonds, asymmetric upside potential at small allocation sizes, and improved portfolio diversification. The report advises dollar-cost averaging for entry and secure custody via regulated custodians or cold storage. This recommendation aligns with broader institutional trends (similar allocation ranges advised by other major banks) and may encourage productisation and inflows into BTC-related vehicles (ETFs, regulated funds) in Brazil and other emerging markets. Key takeaways for traders: institutional endorsement from a major Latin American manager could increase demand and legitimacy for BTC, potentially lifting flows into spot BTC products and ETFs; volatility remains a risk, so the 1–3% sizing is intended to balance upside exposure with risk management.

The Depository Trust & Clearing Corporation (DTCC) has received regulatory clearance from the U.S. Securities and Exchange Commission (SEC) to move forward with integrating tokenized securities into its core post-trade infrastructure. The clearance covers steps to support issuance, settlement and recordkeeping of digital securities, bringing tokenized instruments closer to mainstream institutional workflows. DTCC — the central hub for U.S. securities clearing and settlement — plans phased pilots and infrastructure upgrades with custodians, broker-dealers and clearing firms to test atomic settlement, token-based ownership records and interoperability with existing systems. The initiative aims to reduce settlement times, lower counterparty and operational risks, and enable 24/7 markets for certain instruments. Industry participants cited include major custodians and broker-dealers (unnamed in the article) and regulators coordinating on compliance and investor protections. No precise timeline or full product launch date was announced; DTCC intends additional rule filings and technology trials before broad adoption. Analysts say the SEC clearance is a historic regulatory milestone that could accelerate institutional adoption of tokenized securities, while operational, legal and interoperability challenges remain. Key implications include potential changes to liquidity, custody models and market structure as tokenized assets integrate with traditional clearing and settlement rails.

ASTER has launched the RAVE/USD1 spot trading pair on December 12, offering a 1.5x trading point bonus to attract liquidity and traders. The listing is part of a collaboration between ASTER and WLFI that will expand USD1‑paired markets across the ASTER ecosystem. WLFI will provide point rewards to traders of the RAVE/USD1 pair—a first for the sector—aimed at boosting user engagement and recognition for the RaveDAO community. The announcement drew notable attention on social media, including a retweet by Donald Trump Jr. Industry analysts say the move is a measured adoption strategy to deepen USD1 liquidity and encourage more USD1‑paired listings and liquidity provider participation on ASTER. The incentive-driven approach is intended to support sustainable growth for the platform and improve market coverage for USD1‑denominated tokens.

21Shares has received Cboe BZX approval to list a spot XRP ETF that will trade under the ticker TOXR, joining four earlier U.S. launches. TOXR tracks the CME CF XRP–USD Reference Rate (New York variant), uses Coinbase Custody, Anchorage Digital Bank and BitGo as custodians, and charges a 0.30% annual sponsor fee paid in XRP (calculated daily, paid weekly). The ETF’s filing shows Ripple Markets as the sole shareholder of the underlying XRP trust (10,000,000 shares acquired for 100 million XRP, ~ $226m at the reference rate). TOXR is the fifth U.S.-listed spot XRP ETF after Grayscale, Canary Capital, Bitwise and Franklin Templeton. Collectively, U.S. spot XRP funds are approaching $1 billion AUM and have recorded no net outflow days since launch, indicating steady institutional demand amid clearer regulatory conditions. Despite ETF inflows, XRP’s market price has lagged recently (about $1.99 at publication, down ~7.2% over the prior week and over 45% below July’s peak), signaling short-term volatility. For traders, the key implications are expanded institutional access to XRP via regulated ETF wrappers, potential for continued ETF-driven inflows as product options multiply, and heightened short-term price moves as supply dynamics and macro factors are absorbed.

Market snapshot from OKX: ZRO was the top intraday gainer, up 6.57% to $1.492. Other notable gainers included SATS (+4.21% to $0.0000000165), ORDI (+4.02% to $4.193), WIF (+3.94% to $0.390) and 1INCH (+3.35% to $0.172). On the downside, GRT led losses, down 2.91% to $0.0406. Other decliners were GLM (-2.66% to $0.212), CORE (-1.41% to $0.119), ICP (-1.13% to $3.241) and ALGO (-1.05% to $0.122). This data is presented as market information only and does not constitute investment advice.