XRP’s Exclusion from White House Report and Ripple’s Institutional DeFi Expansion Signal Potential Market Shifts
Main Idea
The White House's crypto report excludes XRP despite its market size, while SHIB staking grows significantly and Ripple hires a VP to expand institutional DeFi.
Key Points
1. XRP, the third-largest cryptocurrency, is not mentioned in the White House's 166-page crypto report, which covers Bitcoin, Ethereum, Solana, Chainlink, and Uniswap.
2. Shiba Inu (SHIB) staking has surged to over 4.6 trillion tokens, valued at more than $58.7 million, indicating strong investor confidence in its DeFi potential.
3. Ripple has hired a Vice President of Partnerships for its RippleX division to negotiate deals and expand the XRP Ledger's institutional DeFi presence.
4. The White House report's omission of XRP raises questions about its regulatory status, while SHIB's staking growth reflects broader market trends.
5. Ripple's new VP aims to increase asset volume and market capitalization on the XRP Ledger, accelerating institutional DeFi adoption.
Description
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