In this episode of the Coin Street headlines, we dive into the latest headlines shaping the cryptocurrency and fintech landscape. Franklin Templeton has launched an exchange-traded fund (ETF) tracking the XRP token on NYSE Arca, trading under the ticker XRPZ. This debut coincides with the launch of the Grayscale XRP Trust ETF and follows similar offerings from Bitwise Asset Management and Canary Capital. XRP saw an impressive 8% increase in value yesterday. In Japan, the Financial Services Agency (FSA) is implementing new regulations requiring cryptocurrency exchanges to maintain liability reserves to protect against hacks and unforeseen events. This move aims to enhance user compensation methods in the wake of recent security breaches. Revolut, the fintech giant, has completed a share sale valuing the company at $75 billion, solidifying its position among the world’s most valuable fintechs. This marks the fifth liquidity event for employees through its share program. Lastly, Mike Novogratz’s Galaxy Digital is in talks with Polymarket and Kalshi to become a liquidity provider, enhancing market-making on their platforms to improve trading reliability. Jane King with the latest from the NYSE.
