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XRP Spot ETF in the U.S. Moves Closer to Reality

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The U.S. Securities and Exchange Commission (SEC) has formally initiated a review of the WisdomTree XRP Trust, a proposed spot exchange-traded fund (ETF) that would provide investors with exposure to XRP XRP.

Filed by the Cboe BZX Exchange, the application marks the first formal SEC review of a U.S.-based spot XRP ETF. If approved, it would be the first spot XRP ETF in the U.S. — a milestone that could open the door for similar products across other crypto assets.

The product would track XRP’s market price via the CME CF Ripple-Dollar Reference Rate, allowing investors to gain XRP exposure through traditional brokerage accounts, bypassing the need for private keys or self-custody.

The SEC published its notice under Release No. 34-103124, initiating a more thorough evaluation of the application. The Commission now has up to 240 days to approve or reject the filing.

In the meantime, the agency is soliciting public comments on whether the ETF’s design adequately addresses concerns related to market manipulation and investor protection.

Meanwhile, in a letter submitted to the SEC’s crypto taskforce this week, Ripple’s Chief Legal Officer, Stuart Alderoty, reiterated that XRP should not be treated as a security in and of itself.

«Rules must be clear not just for issuers, but for all market participants who could be unwittingly classified as securities exchanges, brokers, dealers, or issuers,» Alderoty wrote, adding that overreliance on vague terms like “fully functional” or “decentralized” creates more regulatory confusion than clarity.

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BNB Breaks $687 Resistance as Investors Seek Crypto Hedge Amid Global Tensions

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Recent escalations in global trade disputes have created a complex backdrop for cryptocurrency markets, with BNB demonstrating notable strength despite economic headwinds.

The token’s upward momentum comes as investors seek alternative assets amid traditional market volatility caused by ongoing geopolitical tensions.

While central banks worldwide adjust monetary policies to combat inflation, digital assets like BNB are increasingly viewed as potential hedges against economic uncertainty.

Technical Analysis Highlights

  • Price action formed a clear uptrend, breaking through key resistance at $687.50 with above-average volume during the 00:00 hour push to $691.06, establishing new support at the $688.70 level.
  • Most significant price movement occurred between 23:00-00:00 when BNB surged on 45,675 units of volume (well above the 24-hour average), confirming strong buyer conviction.
  • In the last hour, BNB experienced a notable price correction, retreating from its earlier peak of $690.11 at 01:21 to $688.87 by 02:06, representing a 0.18% decline.
  • Increased volatility between 01:50-01:53 when it briefly rallied to $689.85 before encountering resistance, followed by a sharper downward movement at 01:57.
  • Price dropped from $689.53 to $689.13 on significantly higher volume (926.88 units), suggesting profit-taking after the earlier uptrend.

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Nigel Farage-Led Reform UK Becomes First European Political Party to Accept Crypto Donations

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Reform UK, the U.K. political party led by Nigel Farage, is set to become the first European political party to accept cryptocurrency donations, according to a blog post.

The donations will be facilitated by Radom, a U.K.-based crypto payments company that has VASP (Virtual Asset Service Provider) licenses for its crypto infrastructure.

The blog post by Radom claims that the average crypto donation is $6,000 — over 30 times that of a typical fiat contribution.

The move comes after U.S. President Donald Trump received $18 million worth of crypto donations leading up to the 2024 presidential election.

Nigel Farage also announced that he would follow Trump’s lead in making the U.K. a «crypto hub» if he becomes the next prime minister.

Farage was famously cut off from banking services in 2023, creating a debate around freedom of banking and the restrictions imposed on those with different political views.

“We’re excited to be working with Reform UK on this initiative. We appreciate Nigel Farage’s efforts in drawing attention to the issue of debanking in the UK, and we’re pleased to see a major political party embrace crypto,» said Radom CEO Chris Wilson.

«We hope this encourages broader adoption in the UK and helps drive progress toward clearer regulatory frameworks — something that we see as vital for sustainable industry growth.”

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AI Project Donut Raises $7M Pre-Seed Funding to Build Agentic Crypto Browser

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Artificial intelligence (AI) project Donut has raised $7 million in pre-seed funding to build its Solana-based agentic crypto browser, a tool that helps users engage with blockchain applications.

The funding round was led by Hongshan (formerly Sequoia CN), BITKRAFT, and HackVC, Donut announced on X on Thursday.

Donut’s AI agent-powered browser includes a native cryptocurrency wallet and interacts with decentralized exchanges (DEXs) and other decentralized networks.

The browser’s AI algorithms process both webpage content and its user’s actions in order to autonomously execute on-chain operations.

In effect, the browser is designed to help its users transact, trade and earn in real time «like [using] a terminal,» according to Donut’s post on X.

AI agents have been hailed as a key to unlocking the potential for blockchain technology. While interacting with smart contract tools, self custody and bridging across different chains may be complex for humans, it is an environment in which AI agent can be built to thrive.

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