BlockChain

In a significant development for the crypto market, the U.S. Securities and Exchange Commission (SEC) has formally initiated the review process for Franklin Templeton’s proposed $XRP Exchange-Traded Fund (ETF). This move marks a pivotal moment as the regulatory body begins to seriously consider the approval of crypto-backed ETFs beyond Bitcoin $BTC and Ethereum $ETH .
What Does This Mean for XRP?
The official review process is the first necessary step before any ETF can be approved and launched in the U.S. market. Franklin Templeton’s filing aims to create a spot XRP ETF, which would directly hold XRP tokens — allowing institutional and retail investors to gain exposure to XRP without the need to purchase and store the cryptocurrency themselves.
If approved, this XRP ETF could bring:

✅ Increased Institutional Participation:
ETFs make it easier for large investors to access crypto assets without direct risk of holding the tokens.
✅ Improved Market Legitimacy:
SEC approval of an XRP ETF would signal growing confidence in the asset class, potentially influencing global regulators.
✅ Higher XRP Demand:
With ETF backing, demand for XRP could surge, potentially impacting its price and liquidity on global exchanges.
SEC’s Careful Approach
The SEC’s decision to open the review process does not guarantee approval. The agency will scrutinize factors such as market stability, price manipulation risks, custody solutions, and investor protection. Stakeholders, including the public and market participants, will have the opportunity to submit comments during the review period.
Ripple’s Legal Battles and Its Impact
XRP remains in the spotlight due to Ripple Labs’ ongoing legal entanglement with the SEC regarding whether XRP qualifies as a security. Although recent court rulings have leaned in Ripple’s favor, the final outcome may influence the fate of any XRP ETF application.
Market Reaction So Far
The XRP market responded positively to the announcement, with prices seeing a minor uptick. Traders and analysts speculate that an approved ETF could drive XRP to new highs, similar to the price booms witnessed when Bitcoin spot ETFs were greenlit earlier this year.
Looking Ahead
Franklin Templeton’s move is part of a broader trend, as major asset managers seek to diversify their crypto ETF offerings. Should the SEC approve this filing, XRP would become the first major altcoin with a spot ETF in the U.S. — a potential game-changer for altcoin adoption and market maturity.

#XRP #XRPETF #CryptoNews #Blockchain #FranklinTempleto

$LICKO jumps 70% in one day, hitting new highs.
Token achieves $1M DEX volume in 24 hours.HyperEVM ecosystem sees growing adoption.Market cap reaches $3.72M with 177 holders.Liquidity hits $219K, boosting momentum.
#HYPE #LICKO #CryptoNews #HyperEVM #Blockchain
$LICKO’s Stunning 70% Surge Shakes Crypto Market
$LICKO, the mascot token tied to the HYPE ecosystem, surged 70% in the past 24 hours. The rally pushed its value to new heights, accompanied by $1M in decentralized exchange volume. This spike signals growing interest in the HyperEVM ecosystem.
HyperEVM Ecosystem Gains Traction
The rapid rise reflects increasing adoption of HyperEVM. Trading activity intensified as the platform attracts more users. Posts on X highlight $LICKO’s momentum, with 177 holders driving its market cap to $3.72M.
“LICKO’s rise shows the power of community support in the crypto space,” noted a recent update.
Liquidity reached $219K, fueling further growth. The token now ranks high on DEXToolsGems, drawing attention from investors.
Market Impact and Future Outlook
The $1M DEX volume underscores $LICKO’s appeal. Despite exchanges yet to fully integrate HyperEVM, the token’s performance hints at broader potential. Analysts point to its position as a top performer.
“HYPE’s ecosystem is gaining ground, and $LICKO leads the charge,” stated a market observer.
The rally suggests a bullish trend. However, sustained growth depends on exchange support and ecosystem expansion.

Bitcoin hits $104,517.99 with 0.89% growth. 
Long-term holders boost buying activity.  Market sees potential supply squeeze.  Confidence rises among seasoned investors. 
Bitcoin surged to $104,517.99, marking a 0.89% increase in the last 24 hours. Data highlights a significant uptick in long-term holder activity, with investors holding coins over 155 days actively acquiring assets. This buying trend signals strong market confidence.
Bitcoin Price Climbs Amidst Active Buying
Bitcoin’s value rose to $104,517.99, reflecting a 0.89% gain. The cryptocurrency’s price movement coincides with heightened activity from long-term holders. These investors are aggressively adding to their positions, bolstering market stability.
Long-Term Holders Drive Market Momentum
Recent data shows a sharp rise in the long-term holder net position change. Investors with over 155 days of ownership are purchasing Bitcoin at an unprecedented rate. This accumulation suggests a strategic shift, reducing available supply and potentially setting the stage for future gains.

#Bitcoin #BTC #Blockchain #Investing

Ubyx raised $10M to standardize stablecoin redemption by Q4 2025.
Platform connects issuers and banks for fiat conversion at par.Supports blockchains like Solana, Arbitrum, and XRP Ledger.Partnerships include Paxos, Ripple, BitGo, and Chainalysis.Aligns with rising stablecoin volumes and U.S. regulatory progress.
Ubyx Raises $10M to Streamline Stablecoin Conversion
Ubyx, a stablecoin infrastructure startup, secured $10 million in seed funding to standardize stablecoin redemption at face value. The round, led by Galaxy Ventures, included Coinbase Ventures, Founders Fund, VanEck, and Paxos. The platform aims to launch in Q4 2025, allowing regulated banks and fintechs to convert stablecoins directly to fiat at par value.
The service seeks to reduce friction in stablecoin transactions and boost adoption. Ubyx’s clearing system connects multiple issuers to receiving institutions, enabling seamless redemption into existing bank and fintech accounts. This addresses market fragmentation and supports cash-equivalent accounting treatment.
“Stablecoins need a unified network to become mainstream,” said Mike Giampapa, general partner at Galaxy Ventures. The platform draws parallels to card networks like Visa, aiming for global acceptance of stablecoins.
Tackling Stablecoin Market Challenges
The stablecoin market faces barriers to widespread use. Each issuer builds its own distribution network, driving up costs and limiting interoperability. Institutions cannot currently treat stablecoins as cash equivalents on balance sheets due to inconsistent redemption processes.
Ubyx’s platform counters these issues by creating a shared clearing system. It supports multiple blockchains, including Solana, Arbitrum, Avalanche, and XRP Ledger. Partnerships with Paxos, Ripple, and infrastructure providers like BitGo and Chainalysis strengthen its ecosystem.
“Stablecoins on public networks will transform payments,” said Shan Aggarwal, vice president at Coinbase Ventures. Ubyx’s network allows diverse issuers and currencies to operate cohesively, fostering a pluralistic market structure.
Stablecoin transaction volumes have surged, processing 19.4 times more value than PayPal over the past 12 months, per data from a16z Crypto. Ubyx’s timing aligns with growing demand for efficient digital currency solutions.
Strategic Partnerships and Future Plans
Ubyx has onboarded issuers like Paxos, Ripple, Agora, and Monerium. Its infrastructure partners include BitGo, Copper, and Fireblocks, ensuring robust custody and analytics. The platform will also support tokenized deposits and central bank digital currencies in the future.
Tony McLaughlin, Ubyx’s founder and CEO, emphasized the platform’s role in advancing stablecoin adoption. “Our network enables issuers across blockchains to deliver seamless redemption, paving the way for a stablecoin-driven payment future,” he said.
The funding will fuel partnership expansion and platform development. Ubyx plans to launch with compliance features like anti-money laundering and know-your-customer checks, ensuring regulatory alignment.
The announcement coincides with U.S. legislative progress on stablecoins. The GENIUS Act, set for a Senate vote, aims to establish a national framework for stablecoin oversight, potentially boosting market confidence.
Ubyx’s efforts align with industry trends. Major firms like Circle have gone public, signaling a maturing stablecoin sector. Experts predict more issuers, including tech giants, will enter the space, per Bloomberg.
The platform’s interoperable network could position it as a key player in digital finance. By simplifying redemption, Ubyx aims to make stablecoins as accessible as traditional payment methods.
#StablecoinRedemption #Ubyx #Blockchain #Fintech #Cryptocurrency