XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

The S-1 filing by Bitwise Asset Management for a proposed XRP exchange-traded product (ETP) has sparked debate among investors and analysts regarding its potential approval by the U.S. Securities and Exchange Commission (SEC). What Happened: The proposal seeks to create a fund that directly holds (CRYPTO: XRP), providing investors with exposure to the digital asset.

Ripple ETF: Could It Happen? Bitwise's Filing Faces Uncertain Path Amid Regulatory Concerns

ATOM was the lone gainer in the index, rising 0.7%.

CoinDesk 20 Performance Update: Ripple's XRP Drops 5.1% as Nearly All Assets Decline

Bitwise has filed its registration statement with the SEC for an exchange-traded fund that would give investors exposure to the token XRP.

Bitwise files a registration statement with the SEC for a spot XRP ETF

Bitwise has confirmed plans to launch an XRP exchange-traded fund (ETF), confirming the authenticity of an application with the state of Delaware.

Asset Manager Bitwise Advances Plans for XRP ETF

In a groundbreaking move, cryptocurrency index fund manager Bitwise Asset Management filed for an XRP (CRYPTO: XRP) exchange-traded fund (ETF), a first for the U.S. market. What Happened: Bitwise submitted the ETF filing on Monday to Delaware's Department of State's Division of Corporations.

After Bitcoin, Ethereum An XRP ETF? Bitwise Registers Filing In Delaware Amid Rippe Vs SEC Legal Tussle

Asset management firm Bitwise has filed for a spot XRP exchange-traded fund (ETF) with the Delaware Division of Corporations. While this does not confirm an immediate filing with the U.S. Securities and Exchange Commission (SEC), it aligns with Ripple CEO Brad Garlinghouse's positive outlook on the future of XRP ETFs.

Asset Management Firm Bitwise Files for Spot XRP ETF

Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.

Bitwise Takes a Step Toward XRP ETF

Crypto index fund manager Bitwise has filed for a spot exchange-traded fund that would give investors exposure to the token XRP.

Crypto index fund manager Bitwise files for spot XRP exchange-traded fund

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Bitwise aims to launch an XRP ETF, confirming to Decrypt that the filing with the state of Delaware is legitimate.

Bitwise Files for XRP ETF Following Bitcoin, Ethereum Approvals

The Dubai Financial Services Authority (DFSA) has granted in-principle approval to Ripple (CRYPTO: XRP) to offer blockchain-enabled payment services from the Dubai International Financial Centre (DIFC). What Happened: This regulatory decision allows Ripple to introduce its cross-border payment services, including Ripple Payments Direct (RPD), to customers in the United Arab Emirates (UAE).

Ripple Receives Dubai Approval For Blockchain Payment Services

Deep-pocketed investors have been busy accumulating massive amounts of XRP since September 20th, according to a popular crypto analyst. Ali Martinez tells his 72,900 followers on the social media platform X that crypto whales bought $286.7 million worth of XRP, the token used to operate Ripple Labs' payments platform, within 10 days.

Crypto Whales Gobble Nearly $300,000,000 Worth of XRP in Just 10 Days, Says Analyst

Ripple has received in-principle financial services license approval from the Dubai Financial Services Authority (DFSA).

Ripple Secures In-Principle License from Dubai Financial Services Authority

The price of XRP (XRP) is trading above the moving average lines after the breakout on September 14.

XRP Struggles Above $0.60 Support As Buyers Jump Back In

Recent activities include minting significant amounts of RLUSD, suggesting the testing phase might be wrapping up or moving into a more active phase of development.

Open Interest in XRP Zooms to $1B as Ripple Tests RLUSD Stablecoin

Internet Computer and Filecoin posted the steepest losses, down more than 6%.

CoinDesk 20 Performance Update: Index Posts Losses, but XRP Rises From Friday

A former lawyer with the U.S. Securities and Exchange Commission (SEC) anticipates the agency will challenge Judge Analisa Torres' decision regarding XRP in the Ripple lawsuit. The SEC views the ruling as flawed and is likely to submit an appeal before the approaching Oct. 7 deadline.

Lawyer Expects SEC to Challenge XRP Ruling as Appeal Deadline Approaches

The price of the Ripple or XRP coin (XRP) is in a sideways trend above the moving average lines. The cryptocurrency value used to range between $0.43 and $0.64.

XRP Fails At The $0.60 Barrier And Remains Stable

The Youtube channel of India's Supreme Court was compromised, promoting a scam involving XRP cryptocurrency instead of its usual live hearings. The breach temporarily shut down the channel, but services resumed later that day. Ripple CEO Brad Garlinghouse responded, condemning the exploitation of crypto users.

Supreme Court of India's Youtube Channel Hacked to Promote XRP Scam

Hackers hijacked the Indian Supreme Court's YouTube channel Friday to broadcast ads shilling XRP, the seventh-largest cryptocurrency.

India's Supreme Court YouTube Channel Hacked to Shill XRP Crypto Scam

The channel streams hearings of notable court cases but temporarily showed promotional videos of XRP and Ripple Labs before being taken down.

YouTube Page of India's Supreme Court Hacked to Promote XRP

Chinese authorities' recent actions to define crypto as a money laundering tool could influence the performance of its billion-dollar gaming industry. SCMP's Hugh Harsono argues that these measures may affect games like Metacene, which has introduced cryptocurrencies as in-game currency.

China's Anti-Crypto Policies Threaten to Ripple Through Its Gaming Market

Yellow Network is "creating a blockchain-agnostic mesh network that aggregates liquidity and lowers slippage,” said co-founder Louis Bellet.

Ripple Co-Founder Chris Larsen Leads $10 Million Round for DeFi Protocol Yellow Network

Pseudonymous crypto influencer Sistine Research shared three self-proclaimed “contrarian takes” on the future of certain cryptocurrencies, including Ripple (CRYPTO: XRP), Ethereum (CRYPTO: ETH) and the Maga Memecoin (CRYPTO: TRUMP) token. What Happened: The influencer outlined their belief that XRP, the digital currency associated with Ripple, is currently undervalued.

Trader Shares '3 Contrarian Takes:' TRUMP Meme Coin 'An Obvious Buy' And These 2 Cryptos Are 'Deep Value' And Will Be 'Outperforming Soon'

Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC's amended complaint against Binance, where the agency admitted creating confusion by labeling tokens as securities.

SEC Regrets Confusion Over ‘Crypto Asset Securities' — Ripple and Coinbase Weigh In

The crypto asset management giant Grayscale launched a new XRP Trust after axing a similar product in 2021. The new trust is solely invested in XRP and offers investors a chance at exposure to “a protocol with an important real-world use case,” says Rayhaneh Sharif-Askary, Grayscale's head of product & research.

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