✖️ Ripple launches grant program for Japanese startups
📣 The XRP issuer has announced a partnership with the Japanese organization Web3 Salon, under which developers using the XRP Ledger can apply for funding of up to $200,000 per project.
➡️ The program is part of Ripple’s broader initiative to allocate up to 1 billion XRP to support projects in key markets.
In 2025, Ripple aims to obtain a license to use XRP within Japan’s banking system. $XRP
The SEC has asked potential Solana ETF issuers to submit updated S-1 forms within a week. The agency will then provide comments within 30 days, signaling a faster review process than usual.
A quicker-than-expected greenlight might be in play. $WCT #NasdaqETFUpdate
⚡️ Eric Balchunas sees limited impact from UK crypto ETFs
The UK Financial Conduct Authority (FCA) has proposed lifting the ban on crypto ETNs for retail investors.
✅ Bloomberg analyst Eric Balchunas expressed doubt that this move would significantly boost interest, citing the low popularity of crypto ETFs in Europe.
He pointed to high fees and limited investor awareness as key barriers #CryptoFees101
‼️ Beijing engages Hong Kong to sell confiscated crypto assets
⚙️ According to a Tech In Asia report, Beijing’s Public Security Bureau has established a framework for disposing of cryptocurrencies seized during criminal and economic investigations.
✅ It involves cooperation between the state-run China Beijing Equity Exchange and licensed platforms in Hong Kong.
The cryptocurrencies are sold in Hong Kong, while the proceeds are converted into yuan and transferred to government accounts in Beijing. #SouthKoreaCryptoPolicy
‼️ Beijing engages Hong Kong to sell confiscated crypto assets
⚙️ According to a Tech In Asia report, Beijing’s Public Security Bureau has established a framework for disposing of cryptocurrencies seized during criminal and economic investigations.
✅ It involves cooperation between the state-run China Beijing Equity Exchange and licensed platforms in Hong Kong.
The cryptocurrencies are sold in Hong Kong, while the proceeds are converted into yuan and transferred to government accounts in Beijing. $BTC #SouthKoreaCryptoPolicy