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Ripple's RLUSD stablecoin has been listed on Singapore's Independent Reserve, marking a significant step in its expansion within the competitive stablecoin market. Backed 1:1 by U.S. dollar reserves, government bonds, and cash equivalents, RLUSD aims to address financial inclusion gaps and enhance liquidity through partnerships with global exchanges. The formation of a high-profile advisory board, including figures like Sheila Bair and Raghuram Rajan, underscores Ripple's commitment to regulatory compliance and innovation in the digital asset space.
Crypto ETFs are set for significant growth in 2025, with expectations for new products including Solana and XRP ETFs, driven by a more favorable regulatory environment under a new administration. The approval of Bitcoin and Ethereum ETFs has paved the way for broader asset offerings, while the SEC's clarity on crypto asset classifications is anticipated to enhance the approval process. Analysts predict that institutional interest will rise, particularly in Ethereum staking, as the market matures and integrates further into traditional finance.
The absence of a Dogecoin ETF filing has surprised industry experts, who see it as a missed opportunity for asset managers. With the evolving regulatory landscape and anticipated leadership changes at the SEC, including the potential exit of Gary Gensler, expectations are growing for applications to emerge by Christmas, possibly paving the way for a DOGE ETF debut in 2025. Bloomberg’s senior ETF analyst Eric Balchunas suggests that the inauguration of president-elect Donald Trump could further encourage these filings.
Hyperliquid has experienced over $256 million in net outflows amid concerns that North Korean hackers are exploiting the platform. Security expert Tay Monahan highlighted that these hackers have been active since October, prompting fears and a significant drop in the value of Hyperliquid's HYPE token. While Hyperliquid claims no exploit has occurred, experts suggest potential defenses, including the ability for USDC issuer Circle to blacklist addresses and the possibility of rolling back the Arbitrum Chain to prevent losses.
The US crypto industry anticipates pro-crypto executive orders from President-elect Donald Trump on his first day in office, aiming to establish a Bitcoin Strategic Reserve, improve banking access for crypto firms, and create a regulatory council. Industry leaders believe these measures would signal a shift towards innovation and leadership in the sector, contrasting sharply with the current administration's stance. Trump's recent nominations for economic and digital asset councils further underscore his commitment to fostering a favorable environment for cryptocurrency.
Crypto.com has launched a sports prediction market in the U.S., starting with the Super Bowl, allowing users to bet on NFL outcomes using various digital assets. This move taps into the growing interest in sports betting, which generated $14.30 billion in revenue in 2024, and positions Crypto.com to engage its sports fan base effectively. The platform's entry coincides with its U.S. trust company launch, enhancing custody services for customers.
President-elect Donald Trump has appointed Bo Hines as the executive director of the newly formed Presidential Council of Advisers for Digital Assets, aimed at fostering innovation in the cryptocurrency sector. Hines, a former college football player and pro-crypto advocate, expressed his commitment to ensuring the industry's growth and addressing regulatory challenges. This appointment follows Trump's broader strategy to position the U.S. as a leader in digital assets, with key figures like David Sacks and Paul Atkins also taking prominent roles in shaping crypto policies.
Crypto.com has launched an institutional cryptocurrency custody service in the US, named Crypto.com Custody Trust Company, aimed at US institutions and high-net-worth individuals. This move reflects the company's confidence in the North American market and is part of its strategy to enhance its presence in the US and Canada.In December, CEO Kris Marszalek met with US President-elect Donald Trump to discuss crypto policies, coinciding with the company's decision to drop its lawsuit against the SEC, signaling a commitment to collaborate on regulatory frameworks.
Coinbase identifies five key blockchain areas to watch in 2025: pro-crypto regulations, rapid growth in crypto ETFs, global adoption of stablecoins, tokenization of real-world assets, and advancements in DeFi. The U.S. is expected to establish a comprehensive regulatory framework, while stablecoins could significantly increase their share of the money supply. Additionally, the tokenization market is projected to reach at least $2 trillion, and DeFi continues to evolve with a total value locked of $120 billion.
Speculation about a presidential pardon for Sam Bankman-Fried, following his 25-year sentence for fraud, has intensified, especially after Elon Musk suggested he would be "shocked" if it didn't happen. Despite Bankman-Fried's significant donations to the Democratic Party, prediction platforms estimate the odds of clemency at only 10% to 20%. The fallout from FTX's collapse continues to raise questions about political connections and the potential return of his campaign contributions.
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