BTC $63,074.98 +0.06%
ETH $1,883.52 +0.60%
BNB $606.03 -0.09%
XRP $1.00 -0.19%
SOL $75.40 -0.05%
TRX $0.3318 -0.55%
DOGE $0.0698 +0.13%
ADA $0.1797 -0.87%
BCH $202.23 -1.88%
LINK $8.85 +1.43%
HYPE $55.85 -2.99%
AAVE $86.53 -0.76%
SUI $0.6785 -0.69%
XLM $0.1595 +0.65%
ZEC $488.37 +0.52%
BTC $63,074.98 +0.06%
ETH $1,883.52 +0.60%
BNB $606.03 -0.09%
XRP $1.00 -0.19%
SOL $75.40 -0.05%
TRX $0.3318 -0.55%
DOGE $0.0698 +0.13%
ADA $0.1797 -0.87%
BCH $202.23 -1.88%
LINK $8.85 +1.43%
HYPE $55.85 -2.99%
AAVE $86.53 -0.76%
SUI $0.6785 -0.69%
XLM $0.1595 +0.65%
ZEC $488.37 +0.52%

xrp

XRP is a digital asset developed by Ripple Labs, designed to facilitate fast and low-cost cross-border payments. The XRP Ledger is a decentralized blockchain platform that supports quick settlements and high throughput. The main uses of XRP include serving as a bridge currency between financial institutions, reducing foreign exchange costs, and improving the efficiency of capital flow. Ripple's payment network integrates with traditional banking systems, with XRP acting as a liquidity tool to enable instant cross-border transactions.
All
Article
Flash

first_img JPMorgan Chase Q2 disclosed an increase in holdings of Bitcoin and Ethereum ETFs, re-entered XRP, and established a new position in Solana

According to Coinpedia, JPMorgan, with an asset management scale of approximately $5.1 trillion, submitted its Q2 13F filing to the SEC, showing significant adjustments in its crypto-related ETF holdings. In terms of Bitcoin, the bank held approximately 10.4 million shares of BlackRock's IBIT as of June 30, valued at about $355.7 million, up from about 8.3 million shares and nearly $162 million in Q1; the number of IBIT call options increased to about 3.94 million, while put options decreased from about 4.75 million to about 3.5 million.Regarding Ethereum, JPMorgan held nearly 1.17 million shares of BlackRock's ETHA, valued at approximately $14.3 million, a significant increase of 338% compared to the previous quarter, but the value of Bitcoin positions still exceeds that of ETHA by more than twenty times. For XRP, after the related positions were reduced to zero in Q1, the bank re-established its holdings, holding small shares of Bitwise XRP ETF and Grayscale XRP Trust ETF, as well as approximately 19,900 shares of Armada Acquisition Corp II related to Ripple-supported trading, valued at about $207,000.In addition, the filing also showed that JPMorgan established a new position in Bitwise Solana Staking ETF, holding about 47,500 shares. The article also mentioned that there has been a recent net outflow from the U.S. spot Bitcoin ETF, with the next 13F covering Q3 expected to be disclosed in November.

XRP Ledger plans to launch a privacy transfer feature, targeting the over $530 million institutional-grade tokenized asset market

The latest software version 3.3.0 of the XRP Ledger (XRPL) introduces multiple upgrade proposals, among which the "Confidential Transfers" feature aims to provide higher privacy protection for institutional users, supporting the encryption of token balances and transfer amounts while maintaining visibility of account and token types. This feature is primarily targeted at Multi-Purpose Tokens (MPT) on the XRPL, with application scenarios including tokenized financial assets such as funds and bonds. Through cryptographic technologies like zero-knowledge proofs, the network can verify the validity of transactions without disclosing specific amounts.According to market news, the XRPL currently has approximately $1.38 billion in on-chain real-world assets (RWA), including about $845.7 million in RLUSD. In addition to RLUSD, there are over $530 million in tokenized assets on the XRPL, involving issuers such as Ondo, VERT Capital, Archax, and Société Générale. Besides Confidential Transfers, the XRPL 3.3.0 version also includes five proposals: Batch, Sponsor, Permission Delegation, and Dynamic MPT, which address institutional needs for batch transactions, fee payment, permission management, and dynamic adjustment of token attributes. However, these upgrades have not yet been officially launched and will need to gain over 80% support from trusted validation nodes on the XRPL for two consecutive weeks before activation. The market is paying attention to whether institutions like Aviva and Ondo, which have issued assets on the XRPL, will adopt this privacy feature.
app_icon
ChainCatcher Building the Web3 world with innovations.