Ripple Announces Tokenized Treasuries on XRP Ledger as Stablecoin Market Surpasses $200 Billion
Key developments in the crypto industry over the past week include:
- Ripple announced tokenized treasuries on its XRP Ledger and introduced clawback features to enhance liquidity for its stablecoin RLUSD.
- CEO Brad Garlinghouse advocated for XRP's inclusion in a national crypto reserve, attracting criticism from Bitcoin supporters.
- Cardano launched a hard fork named "Plomin," enabling decentralized governance.
- Avalanche reported a 75% reduction in transaction costs following its December upgrade.
- The stablecoin market surpassed a $200 billion cap. Tether reported a $13 billion profit for 2024.
- MicroStrategy purchased an additional 10,100 Bitcoin, raising its total holdings to 471,107 BTC.
- Bitwise received SEC approval for a combined Bitcoin and Ether ETF and applied for a Dogecoin ETF.
- Regulatory issues arose as Pump.fun faced a class-action lawsuit for securities violations, while Binance is under investigation for money laundering and tax fraud in France.
- Robinhood's CEO called for tokenized equity alongside BlackRock’s Larry Fink.
- Parents of Sam Bankman-Fried are considering seeking a presidential pardon.
These developments indicate ongoing shifts and regulatory scrutiny in the cryptocurrency landscape.