Новини

According to Odaily, since the election of U.S. President Donald Trump, numerous companies have submitted applications for cryptocurrency ETFs, including those for Solana, Dogecoin, and Litecoin. Grayscale, a crypto asset management firm, has also applied for an XRP exchange-traded fund (ETF). However, Bloomberg analyst James Seyffart advises caution, noting that while an XRP ETF might be approved by 2025, other cryptocurrency ETFs could be approved sooner. The ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC) regarding whether XRP is a security complicates the situation. In contrast, the SEC has never classified Litecoin as a security, making the approval of a Litecoin ETF more likely in the near future.

According to CoinDesk, a significant update went live on the XRP Ledger earlier this Friday following a validator vote that saw over 90% approval. This update introduces a clawback amendment, which allows Ripple's dollar-pegged stablecoin, RLUSD, to be floated and exchanged directly on the XRP Ledger's decentralized exchange (DEX). This development is expected to enhance liquidity and trading options, potentially boosting decentralized finance (DeFi) activities on the network. The clawback feature enables token issuers to reclaim or 'claw back' tokens from users' wallets under specific conditions. This mechanism is typically employed for regulatory compliance, asset recovery in cases of fraud or illegal activities, or when tokens are mistakenly sent to unintended addresses. The recent update aims to improve the regulatory compliance of XRP Ledger’s Automated Market Maker (AMM) pools by allowing tokens with the clawback feature to be utilized. Additionally, it modifies the 'AMMDeposit' transaction type to prevent frozen tokens from being deposited into the AMM. XRP Ledger is equipped with an in-built decentralized exchange (DEX) that facilitates token swaps among users. The Automated Market Maker (AMM) on the XRP Ledger employs liquidity pools instead of traditional order books to enable trades. The AMM functionality was introduced with the amendment XLS-30D in March 2024 and has since processed over $1 billion in swap volumes. January was notably a standout month for the DEX, with over $400 million in trades processed. This latest amendment is expected to further enhance the trading ecosystem on the XRP Ledger, aligning with the growing demand for decentralized financial solutions.

According to PANews, Canadian asset management firm Purpose Investments Inc. has submitted a preliminary prospectus to Canadian securities regulators for the world's first Ripple (XRP) spot ETF. The ETF aims to invest the majority of its assets in XRP, providing investors with opportunities for long-term capital appreciation within a regulated framework. Purpose Investments, which manages over $23 billion in assets, previously launched the world's first Bitcoin and Ethereum ETFs. Founder Som Seif noted that the growing institutional adoption of XRP has driven this product innovation, aiming to lower the entry barriers for investors. If approved, the product will undergo review by the Canadian Securities Commission, with specific trading fees and risk terms to be detailed in the final prospectus.

According to Odaily, data from the official website indicates that the probability of a Ripple ETF being approved by 2025 on Polymarket is 82%, with a total bet amount of $32,180. As per the rules, if any spot Ripple (XRP) ETF receives approval from the SEC by 11:59 PM Eastern Time on December 31, 2025, the prediction market will resolve to 'Yes.' Otherwise, it will resolve to 'No.'

According to Odaily, the New York Stock Exchange (NYSE) Arca has filed a 19b-4 document, aiming to convert Grayscale's XRP Trust into a spot Exchange-Traded Fund (ETF). The trust currently manages assets worth approximately $16.1 million. This filing represents the second step in a two-part process for applying for a spot crypto ETF with the U.S. Securities and Exchange Commission (SEC). The exchange submits the 19b-4 document to the SEC to propose amendments to existing rules, allowing the ETF to be traded. This step is crucial in the ETF approval process, and once the SEC approves the document, it will be published in the Federal Register, initiating the approval procedure.

According to Odaily, Stuart Alderoty, the Chief Legal Officer of blockchain payment company Ripple Labs, expressed optimism that the U.S. Securities and Exchange Commission's (SEC) potential next chairman might withdraw civil lawsuits against cryptocurrency companies once confirmed by the Senate. Alderoty hopes that under the leadership of potential chairman Paul Atkins, the SEC will abandon enforcement cases related to registration issues that do not involve fraud. Ripple remains embroiled in a lawsuit with the SEC, with both parties appealing after a liability ruling was issued by a judge in 2024. Alderoty noted that resolving the matter will take time, as the SEC is still a bureaucratic institution. He emphasized that regulation through litigation is not the path the country should take and expressed cautious optimism that the case might be voluntarily withdrawn sometime in 2025.

According to Odaily, the legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple has reached a pivotal stage as the case moves to the Second Circuit Court of Appeals. The SEC has removed the civil lawsuit related to Ripple from its website, signaling a significant development in the ongoing dispute over the classification of XRP. However, a user on X, claiming to be a lawyer, noted that the removal from the SEC's website is not crucial, as the appeal remains active in the national PACER court system. The user mentioned that the latest record shows Ripple requesting an extension for filing briefs, with the case status still marked as 'ongoing,' though changes may occur soon.Ripple's legal team has officially requested to submit a response brief by April 16, 2025, as per documents filed by January 23, 2025. The SEC released its opening brief on January 15, 2025, aiming to overturn key aspects of a previous ruling, particularly concerning the sale of XRP to retail investors. The district court had previously determined that while XRP itself is not a security, Ripple's direct sales to institutional investors constituted securities transactions. Tokens sold through secondary trading platforms did not meet the securities criteria. The SEC now argues that retail investors expected profits based on Ripple's promotional activities.Ripple CEO Brad Garlinghouse commented on the appeal, stating, "Doing the same thing over and over again and expecting different results." Ripple's Chief Legal Officer Stuart Alderoty described the appeal as a "rehash of already failed arguments." The initial $125 million civil penalty against Ripple remains in effect, significantly lower than the SEC's original demand of $1 billion. The outcome of this appeal is anticipated to impact the regulatory framework for digital assets and their classification in the United States.

According to Odaily, Ripple CEO Brad Garlinghouse recently shared his views on the ongoing discussions about the U.S. government's potential establishment of a national digital asset reserve. Despite Ripple's growing influence in the United States, Garlinghouse reiterated the company's commitment to a multi-chain future and collaboration within the cryptocurrency sector. In a post on X, he emphasized the importance of working together rather than undermining each other, stating that the crypto industry has the opportunity to achieve many shared goals. He clarified that this is not, and should never be, a zero-sum game. Garlinghouse disclosed his ownership of a few tokens, including XRP, BTC, and ETH, and advocated for a fair competitive environment in a multi-chain world, rather than pitting one token against another. He expressed his belief that if a government digital asset reserve is created, it should represent the entire industry, not just a single crypto asset, whether it be BTC, XRP, or any other cryptocurrency. He also criticized maximalism as an obstacle to crypto progress and expressed satisfaction that fewer people are subscribing to this outdated and incorrect notion.

According to Odaily, digital asset infrastructure company Ripple has obtained Money Transmitter licenses in New York and Texas, aiming to expand its business operations in the United States. These licenses enable customers to access Ripple's licensed version of cross-border payment solutions within the U.S., facilitating end-to-end transaction management with client representatives. Ripple noted that there is a strong demand for compliant real-time global payment solutions from both banks and cryptocurrency companies in New York and Texas.

According to Cointelegraph, Ripple Labs has formally requested an April 16 deadline for its cross-appeal brief in the ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). This procedural move was highlighted in a January 23 request by Michael Kellogg, a member of Ripple’s legal team, who noted that Ripple's CEO, Brad Garlinghouse, and co-founder, Chris Larsen, were part of this request. A brief deadline is a critical date by which a party must submit a written legal argument to the court, often following the filing of an opening brief by the appealing party. The timeline for such submissions, including any potential extensions, is determined by the specific court's rules handling the appeal.This development comes after a January 15 filing from the SEC, where the commission contended that the New York District Court erred in its ruling that XRP sold to retail investors were not considered securities. The SEC also argued that XRP distributed as employee compensation and in business dealings was incorrectly excluded from being classified as a security. The 2023 ruling by the New York District Court was seen as a partial victory for Ripple at the time. However, Judge Torres later ordered Ripple to pay over $125 million to the SEC for securities law violations, considering that XRP was also offered as part of institutional sales.Ripple's request has reignited attention on this significant crypto court case. There is speculation about whether the SEC might withdraw the case, especially with the recent appointment of crypto-friendly acting Chair Mark Uyeda, who was appointed by President Donald Trump. The SEC is reportedly contemplating dropping certain crypto enforcement cases. President Trump's administration has shown a favorable stance towards digital assets, fulfilling campaign promises such as pardoning Silk Road founder Ross Ulbricht, establishing a working group to explore a U.S. crypto reserve, and appointing David Sacks as the White House’s AI and crypto czar.The SEC initially filed its lawsuit against Ripple in December 2020, alleging that the company violated securities laws through the sale of its XRP cryptocurrency. This legal battle has continued to unfold, capturing the attention of the crypto community and beyond.

According to Odaily, Pierre Rochard, Vice President of Research at Riot Platforms, recently stated on X that the primary obstacle to Bitcoin strategic reserves is not the Federal Reserve, the Treasury, banks, or Warren, but Ripple (XRP). Ripple is reportedly lobbying against Bitcoin strategic reserves and has invested millions of dollars in efforts to hinder the plan. Rochard further noted that during the Biden administration, Ripple similarly targeted the Bitcoin mining industry. He emphasized that Ripple appears to be protecting its market positioning while promoting the implementation of a CBDC based on its network.

According to Odaily, Grayscale has announced on the X platform that its Grayscale XRP Trust is now open to qualified investors. Those seeking exposure to XRP can access this product through the trust.

According to Odaily, the nonprofit financial markets organization Better Markets has filed an amicus brief in support of the U.S. Securities and Exchange Commission (SEC) in its ongoing lawsuit against Ripple. The document presents three distinct arguments asserting that XRP meets the criteria of the Howey Test. Better Markets emphasizes that the nature of these securities remains unchanged when investors purchase them on trading platforms. The organization argues that the district court's ruling lacks support from the statutory definition of securities. It contends that the previous ruling in favor of Ripple conflicts with the Supreme Court's definition of investment contracts in the Howey case. This amicus brief was submitted a week after Gary Gensler appealed the decision, which questioned the retail aspect of XRP. Better Markets also argues that the district court overlooked the economic realities of Ripple's issuance and sale of XRP tokens, as well as investors' ability to understand the connection between Ripple's actions and profit expectations. The organization recommends that the court overturn the ruling that XRP sales to retail traders on exchanges do not constitute investment contracts.

According to Odaily, on-chain analyst Ali has reported that whale investors have collectively purchased more than 100 million XRP in the past 48 hours.

According to Odaily, cryptocurrency analyst Ali has indicated on the X platform that the TD Sequential indicator is showing a buy signal on the 4-hour chart for XRP. This suggests that the price of XRP is expected to rebound.

According to Odaily, data indicates that XRP/BTC experienced a nearly 32% increase in January 2025. The Relative Strength Index (RSI) shows that XRP has surpassed a key resistance level and entered the overbought zone. The last time XRP/BTC reached such an RSI level was in early 2017, which was followed by a significant price increase. An RSI above 70 typically suggests that the market may enter a period of consolidation or correction. However, strong market fundamentals could potentially drive prices higher.

According to Odaily, Grayscale has announced on the X platform that the Grayscale XRP Trust is now available to qualified investors. The XRP is supported by the XRP Ledger, a distributed network designed for cross-border payments.

XRP has surged to $3 for the first time since 2018, marking a 41% gain in just 15 days and outperforming all other major cryptocurrencies. The rally, driven largely by spot investors, has brought XRP within 12.9% of its all-time high of $3.40, igniting speculation of a potential price discovery phase in the coming weeks.XRP Surpasses Bitcoin in Google Trends SearchesXRP's recent performance has captured significant market attention, overtaking Bitcoin (BTC) in global Google search interest on January 15. This marks the third time XRP has surpassed BTC in search volumes within the past year, showcasing strong community engagement and interest.In addition, XRP has broken an 8-year descending resistance on its XRP/BTC trading pair, signaling increasing strength against Bitcoin. The altcoin has also added 58,000 new holders in 2025, reflecting growing confidence in its long-term potential.Spot Traders Drive XRP's RallyUnlike many cryptocurrency rallies fueled by derivatives markets, XRP's surge to $3 has been attributed to robust demand from spot investors. According to order flow analyst Dom, XRP's funding rates and spot buy premiums have remained stable, indicating sustainable growth driven by direct market purchases. Dom noted, "If I saw this with BTC, I would simply say we are going much higher."Potential to Flip EthereumWith XRP outperforming Ethereum (ETH) in recent weeks, some analysts believe XRP could surpass ETH in market capitalization if its current trajectory continues. Jeth, co-founder of Sovrun, argued that XRP's strong regulatory tailwinds and market momentum under the incoming pro-crypto U.S. administration give it an edge over ETH.What’s Next for XRP?As XRP continues to approach its all-time high, market watchers anticipate increased volatility and a possible period of price discovery. With strong community support, positive regulatory sentiment, and rising interest from spot traders, XRP may solidify its position as a leading altcoin in 2025, according to Cointelegraph.

According to Odaily, Google Trends data reveals that XRP's search interest has surpassed that of Bitcoin following XRP's price surge past $3.