Ripple’s Asia venture looks to make $XRP XRP a yield-bearing asset
What to know:
SBI Ripple Asia has partnered with Doppler Finance to explore XRP-based yield products and asset tokenization on the XRP Ledger.
The collaboration aims to build institutional-grade yield infrastructure and expand the use of tokenized real-world assets.
SBI Digital Markets will serve as the institutional custodian, providing segregated custody for client assets
This collaboration is about expanding XRP’s role beyond payments and positioning it as a productive, yield-bearing asset,” Doppler’s head of institutions said in the statement.
Hong Kong’s largest crypto exchange sees lukewarm market debut, shares gain 3%
Key Points:
HashKey raised around $206 million in its IPO.
Shares rose 3% on market debut.
We are confident that the [crypto] penetration rate in Hong Kong, in the Asian market, is going to catch up with what happens in the U.S,” Zhu added.
The world’s largest cryptocurrency, $BTC bitcoin, has dropped around 36% in about a month after hitting an all-time high and crossing past $126,000 in early October. It is down about 6% so far this year.
This is a milestone for the digital asset and wealth management industry in Asia. We believe Hong Kong is establishing itself as a key hub for regulated digital assets in Asia,” said William Ma, CIO at GROW Investment Group.
Ripple Price Analysis: $XRP XRP Looks Weak Against USD and Even Worse vs $BTC BTC
XRP continues to bleed out quietly while market attention stays locked on BTC and ETH. Despite brief relief bounces, the overall structure remains bearish across the board. Both the USDT and BTC pairs are showing weakness, with no clear signs of a recovery, and the buyers have lost control of key levels.Technical Analysis
The BTC pair looks even worse. After forming a rising wedge in October and November, XRPBTC broke down hard last week and is now trading at 2,170 sats back below the 100 and 200-day moving averages, both located around the 2,400 sats level.
UK regulation of cryptoassets to start in October 2027, finance ministry says
LONDON, Dec 15 (Reuters) - Britain will start regulating cryptoassets from October 2027, the finance ministry said on Monday, rules it hopes will give the industry certainty while keeping out "dodgy actors".
The new law - the government will introduce legislation into parliament later on Monday - will extend existing financial regulation to companies involved in crypto, aligning Britain with the U.S. rather than the European Union, which has built rules tailored to the industry.
$XRP XRP Community Divided on Whether Solana Is Best
Controversy
On one side, supporters argue that XRP price is a utility asset, and utilities scale by being everywhere. More venues mean more demand, more use cases and more transactional relevance. Several voices stressed that asset portability is a sign of infrastructure maturity, especially since XRP can be redeemed back to$XRP XRP Ledger at any time.
$XRP XRP Lands On Solana As Ripple Lands Crucial Banking License
XRP (CRYPTO: XRP) long valued for its liquidity and utility, expanded its multichain reach as Hex Trust brings $XRP XRP to Solana (CRYPTO: SOL) and other networks via a new wrapped asset, wXRP.
What Happened: Hex Trust is launching wXRP, a regulated, 1:1-backed wrapped XRP issued and custodied by the firm.
Don’t Miss: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
Five Crypto Firms Win Initial Approvals as Trust Banks, Including Ripple, Circle, BitGo
$BTC BITCOIN $ETH ETHERUM OR ?
What to know:
Crypto firms Circle, Ripple, Fidelity Digital Assets, BitGo and Paxos received conditional approval by the OCC to become federally chartered trust banks.
The move sets up firms to follow in the footsteps of Anchorage Digital, the first to get a federal bank trust charter in the U.S.
A slew of stablecoin issuers and crypto firms, including Coinbase, filed for federal oversight after GENIUS Act was written into law.
$BTC Bitcoin, Ethereum Waver as Fed Delivers Third Rate Cut
IN brief
The Federal Reserve cut its benchmark rate by 0.25% on Wednesday, causing $BTC Bitcoin to dip 1.4% to around $92,000 while Ethereum rose slightly.
The Fed did not commit to future rate cuts and will resume buying short-term Treasury bills to maintain reserve levels.
Immediately after the news was announced Wednesday, traders rate that there's only a 22% chance of another rate cut in January.
Bitcoin changed hands around $92,000 following the Fed’s decision, down 1.4% over the past day, according to crypto price aggregator CoinGecko. Ethereum had gained 0.6% in the past day to trade just above $3,300, while Solana had dropped 3.2% since yesterday.
Night owl $BTC bitcoin traders: Soon there'll be an ETF just for you
Key Points
The Nicholas $BTC Bitcoin and Treasuries AfterDark ETF would trade bitcoin-linked financial instruments outside normal U.S. market hours.
It would use at least 80% of the value of its assets to trade bitcoin futures, bitcoin exchange-traded funds and exchange-traded products, and options on ETFs and ETPs.
Crypto-based funds have boomed in the U.S. following the approval of the first spot bitcoin ETFs in January 2024.
Strive Starts $500M Preferred Stock 'At-The-Market' Program for $BTC Bitcoin Purchases
What to know:
Strive announced a $500 million at-the-market offering to fund further bitcoin purchases.SATA, the company's preferred stock, offers a 12% dividend and trades below its $100 par value.Proceeds from the offering may also be used for buying income-generating assets or company acquisitions.Strive (ASST), a publicly traded $BTC bitcoin BTC$92,590.65 treasury and asset-management company, said it arranged a $500 million at-the-market offering (ATM) for its Variable Rate Series A Perpetual Preferred Stock (SATA) to help fund further purchases of the largest cryptocurrency. SATA pays a 12% dividend with an effective yield near 13%, and the security is intentionally modeled after Strategy’s (MSTR) STRC money market style
WOOO Eric Trump's American $BTC Bitcoin and Anthony Pompliano's ProCap Add to BTC Holdings
What to know:
American $BTC Bitcoin (ABTC) added 416 bitcoin in the past week, raising its holdings to 4,783 coins.
ProCap Financial (BRR) — whose SPAC merger was completed last week — marginally lifted its holdings to 5,000 bitcoin.
The company, majority owned by bitcoin miner Hut 8 (HUT), now holds 4,783 BTC, according to a Wednesday press release. BRR is also up modestly in early trading, though down more than 60% over the past several days.