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EU’s MiCA regulations trigger Tether (USDT) withdrawal from major European crypto exchanges. Ripple’s MiCA-compliant RLUSD stablecoin is positioned to fill the void left by USDT in Europe. MiCA’s impact could boost XRP as RLUSD gains traction on the XRP Ledger and Ethereum.
Volatility Shares launches first 1x XRP futures ETF on May 22, boosting market interest. Over 60 million XRP sold by whales in 72 hours, signaling major portfolio moves. CME recently introduced XRP and Micro XRP futures, boosting institutional access to XRP.
Quick Take Bitcoin price and options open interest reached new all-time highs (ATH) following a 25% hike in BTC spot price in the last month. Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, said all predicted catalysts aligned for the asset’s upswing. Analysts foresee more positive price momentum in the coming weeks and months, but also advise caution due to thin market liquidity.
Quick Take Jupiter, the leading decentralized exchange aggregator on Solana, unveiled a new lending protocol on stage at the Solana Accelerate conference on Thursday. The new feature will be powered through a partnership with liquidity layer Fluid.
- 20:07U.S. Stocks Close Higher as All Three Major Indexes RiseAccording to Jinse Finance, U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average preliminarily up 0.18%, the S&P 500 up 0.7%, and the Nasdaq up 1.2%. Apple (AAPL.O) rose 5%, Tesla (TSLA.O) gained 3.6%, while AMD (AMD.O) fell more than 6%.
- 19:47Standard Chartered: Ethereum Treasury Firms Offer Greater Investment Value Than US Spot ETH ETFsAccording to a report by Jinse Finance, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that since June, Ethereum treasury companies have acquired approximately 1.6% of the circulating ETH supply. The pace of these purchases matches that of spot ETH ETFs, and the market value to net asset value ratio (NAV multiple) has returned to normal levels, remaining above 1, which indicates “significant investment value.” He pointed out that these companies, due to their ability to participate in staking and DeFi activities, offer greater investment appeal than US spot ETH ETFs. SharpLink Gaming (SBET) is one of the representatives in this sector. Kendrick predicts that Ethereum treasury companies may eventually hold 10% of the circulating ETH supply, with their growth rate outpacing that of Bitcoin treasury companies, reflecting the broad institutional acceptance of ETH as a corporate reserve asset.
- 19:32Trump plans to meet with Putin face-to-face as early as next weekAccording to a report by Jinse Finance, citing the New York Times, two sources familiar with the matter revealed that President Trump intends to hold a face-to-face meeting with Russian President Putin as early as next week, and subsequently plans to hold a trilateral meeting with both Putin and Ukrainian President Zelensky. The sources stated that Trump disclosed this plan during a call with European leaders on Wednesday. The meeting will be limited to the leaders of the United States, Russia, and Ukraine, with no representatives from any European countries participating. According to the sources, European leaders appeared to accept Trump’s explanation. It remains unclear whether Putin or Zelensky has agreed to Trump’s proposed plan.