Here are some updates on crypto projects:

Recent Developments

- *Ripple's RLUSD Stablecoin*: Ripple's USD-pegged stablecoin, RLUSD, has secured approval from the New York Department of Financial Services (NYDFS), boosting XRP prices by nearly 4.32% in 24 hours.

- *Metaplanet's Bitcoin Investment*: Japanese firm Metaplanet continues to bet big on Bitcoin, purchasing another 780 $BTC for $92.5 million, taking its total holdings to $2 billion in $BTC.

- *Visa's Stablecoin Expansion*: Visa has widened its stablecoin offerings, integrating PayPal USD, Global Dollar, and Euro Coin, while adding Stellar and Avalanche to its supported blockchain networks.

- *PayPal's Low-Cost Crypto Payment Solution*: PayPal is rolling out a low-cost crypto payment solution for US merchants, charging just 0.99% per transaction, a 90% reduction compared to standard credit card fees ¹ ² ³.

Market Trends

- *Ethereum Inflows*: Ethereum investment products have drawn $7.79 billion in 2024, eclipsing last year's total, as institutional investors pile into $ETH while pulling back from Bitcoin.

- *Solana's Momentum*: Solana's momentum has slowed, but some analysts predict it could reach new highs, with VanEck filing for a $SOL Solana ETF with a 1.5% fee ⁴ ².

Regulatory Updates

- *SEC's Project Crypto*: The SEC has introduced "Project Crypto," a regulatory revamp designed to give digital asset firms more flexibility and support innovation.

- *Indonesia's Crypto Tax Policy*: Indonesia's Finance Ministry has announced stricter crypto taxation, set to take effect on August 1.

- *South Korea's Crypto Regulations*: South Korean regulators are stepping in with new investor protection rules expected next month, amid rising high-leverage crypto lending ..#ProjectCrypto