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Ripple's XRP is making significant strides in the crypto market, securing regulatory approval in the UAE and attracting institutional interest with a spot ETF filing by Franklin Templeton . These strategic developments mark a turning point for XRP , enhancing its global presence and investment appeal. Ripple has received official approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payment services within the Dubai International Financial Centre (DIFC). This makes Ripple the first blockchain-enabled payment provider licensed by the DFSA, reinforcing its role in advancing crypto adoption in the region. This regulatory milestone enables Ripple to offer its global blockchain-based payment solutions across the UAE. By addressing inefficiencies in traditional cross-border transactions—such as high fees, prolonged settlement times, and limited transparency—Ripple is set to enhance its presence in the Middle East. Notably, the region already accounts for 20% of Ripple's global customer base. Brad Garlinghouse, Ripple’s CEO, emphasized that the UAE's forward-thinking approach to tech and crypto innovation positions it to benefit significantly from the evolving crypto landscape. This approval adds to Ripple's extensive list of regulatory achievements, including licenses from the Monetary Authority of Singapore, the New York Department of Financial Services, and the Central Bank of Ireland. In a parallel strategic move, Franklin Templeton, managing $1.5 trillion in assets, has filed for a spot XRP Exchange-Traded Fund (ETF) with the U.S. Securities and Exchange Commission (SEC) . The ETF, if approved, will be listed on the Cboe BZX Exchange, providing investors direct exposure to XRP by tracking its spot price. Coinbase Custody Trust Company, LLC, is set to act as the custodian for the fund’s XRP holdings, ensuring security and compliance. This ETF structure will enable institutional and retail investors to gain exposure to XRP without the complexities of directly purchasing and storing the cryptocurrency. Franklin Templeton's entry into the XRP ETF space aligns with the growing trend of traditional financial institutions expanding their crypto investment products. This move is complemented by similar ETF filings from industry leaders like Bitwise, 21Shares, Grayscale, and WisdomTree, signifying an increasing institutional interest in XRP and other altcoins. While the SEC's review process can extend up to 240 days, the increasing number of ETF filings reflects the shifting dynamics of crypto investments and the expanding interest in XRP as a mainstream digital asset.

What Is #Hyperliquid ($HYPE)? Is this the next big thing in on-chain trading, or just another name in the crypto space? 🤔 Everything you need to know. ⬇️ 📖

Despite the recent volatility in crypto markets, the long-term potential of digital assets remains strong. Brett Reeves, Head of Go Network and European Sales at BitGo, who manages institutional digital asset infrastructure at the company, expressed this sentiment in a note to crypto.news. He reflected on the current market downturn while highlighting ongoing advancements in technology and regulation. “Market volatility in recent weeks has revived the voices of crypto doubters who feel vindicated by recent declines in asset prices,” said Reeves. “But for those innovators and believers in the technology and asset class, there’s much more to just falling prices.” Reeves pointed out that market fluctuations are not new to the crypto industry and that the sector has experienced similar declines before without stalling its progress. He also touched on significant advancements in product development and, more crucially, regulatory developments on a global scale. According to Reeves, the White House Crypto Summit was a major step forward, marking a significant shift in the U.S. government’s approach to digital assets. The summit strongly showed a move toward regulatory clarity and institutional adoption, signaling a growing commitment from the current administration to engage with the crypto industry. “The recent downturn in crypto markets aligns with broader financial market trends,” Reeves added. “Major indices have experienced notable declines, with technology stocks, often referred to as the ‘Magnificent Seven,’ suffering double-digit losses.” Factors contributing to this include global uncertainties such as trade tariffs, the Ukraine conflict , and concerns surrounding China’s real estate sector. Reeves also noted that the U.S. faces the challenge of refinancing approximately 25% of its national debt in 2025, which could impact markets. However, the likelihood of rate cuts to ease refinancing could also benefit risk assets, including crypto. Despite these challenges, Reeves highlighted several key developments in the crypto industry, such as the creation of a U.S. Crypto Strategic Reserve, the recognition of stablecoins and Real-World Assets , and the implementation of EU MiCA regulations. He also pointed to the Office of the Comptroller of the Currency’s decision to authorize banks to engage with crypto assets. “These advancements, which seemed aspirational just a year ago, reflect a rapidly evolving landscape where digital assets are becoming increasingly integrated into the global financial system,” Reeves concluded. “So, while prices may be crashing for now, we must remember how far we’ve come and the immense potential that lies ahead for the crypto space.”

This is very true. Yet this space completely warps your sense of monetary value. You need to respect every dollar (note to self the next time the market pumps).

Metaplanet has continued its Bitcoin acquisition strategy by purchasing 162 Bitcoins worth $13.5 million. The latest acquisition takes the company’s total Bitcoin holdings to 3,050 BTC, valued at approximately $253.7 million as of March 12, 2025. The purchase was made at an average price of $83,123 per Bitcoin, confirming Metaplanet’s strong commitment to Bitcoin as a future store of value. This latest addition further solidifies the company as a significant BTC owner and adds to its expanding cryptocurrency treasury. The latest acquisition is part of Metaplanet’s strategy to strengthen its Bitcoin holdings. The company’s total Bitcoin assets have reached $253.7 million, with an average purchase price of $83,180 per BTC. This approach has been highly effective in generating returns, as Metaplanet’s Bitcoin holdings have provided a 53.2% year-to-date yield. Related: Strategy (Formerly MicroStrategy) Launches $2.1 Billion Share Sale to Fund Further Bitcoin Acquisitions Beyond direct acquisitions, Metaplanet is taking measures to fund future Bitcoin purchases. The company announced that its Board of Directors has approved issuing its 8th Series of Ordinary Bonds to EVO FUND, amounting to JPY 2 billion (approximately $18.2 million). The proceeds are intended for further Bitcoin acquisitions, following the regulations in Metaplanet’s January 28, 2025, notice regarding stock acquisition rights. This move echoes similar efforts by other companies in the space, including MicroStrategy, which recently disclosed plans to raise $21 billion for Bitcoin purchases. These acquisitions often result in reduced circulation, creating upward price pressure as demand persists. Despite facing some selling pressure in recent weeks, Bitcoin has seen accumulation by large holders. Over the past 30 days, according to CryptoQuant data , Bitcoin whales have added more than 65,000 BTC to their positions, showing continued interest in the cryptocurrency despite short-term market corrections. As of the time of writing, Bitcoin was trading at $82,388.16, marking a 1.27% increase over the last 24 hours. The market capitalization stands at $1.63 trillion, with a trading volume of $47.24 billion, a 20.84% decrease from the previous period. Related: Metaplanet’s Stock is Up 3,600% Thanks to Bitcoin Further, Bitcoin’s circulating supply is 19.83 million BTC, with a total supply cap of 21 million BTC, highlighting its scarcity. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.