NEWSLETTER
Weekly summary: Last week, there were many significant developments in cryptographic and nft markets, configuring the feeling of investors and market trends. These events highlight the evolutionary landscape of crypto, Defi and nfts.
DEC Delayed XRP ETF
On Tuesday, the United States Stock Exchange and Securities Commission (SEC) delayed its decision on the ETF XRP application of Grayscale. This movement was not unexpected, since the SEC continues to deal with the XRP classification as a merchandise or security. The feeling of the market received a blow, with XRP prices XRP dive slightly as the merchants expressed disappointments. Delay prolongs uncertainty for investors, in the midst of a similar destination for other cryptographic ETF such as Dogecoin or Solana. However, after the great announcement of the SEC, Franklin Templeton, a well -known name in the industry, has also submitted an application to the regulator for an ETF Spot XRP.
Source: Coinmarketcap
Get more information: XRP Price Prediction: Will XRP demand your AT?
Ripple (XRP) gradually obtained mass adoption
Ripple (XRP) marked a milestone on March 13, Ensure licenses of the Financial Services Authority of Dubai (DFSA). As the first block chain in obtaining this approval in the region, Ripple's move sent waves through the market, increasing the price of XRP XRP for almost 8% during the night. This allows Ripple to offer cross -border payment services in the EAU. The movement strengthens Ripple's support point in the Middle East, which increases the adoption of XRP in global finances.
In addition, through this event, Ripple has expanded its strategic collaboration with regulators in almost 60 countries around the world, such as the United States, Singapore or Ireland. These movements have demonstrated something that XRP is gradually becoming a widely adopted payment currency on international scale with high practical applicability.
ethereum recently added Hoodi Testnet for sicking update
This week will be difficult days for the ethereum ecosystem and his followers when eth begins with a price of $ 1,873 on Monday. Last week, there was a slight green signal in the ecosystem, especially in terms of technology. ethereum introduced the Hoodi Testnet, the third test network for the sicking update, scheduled for March 17. After problems in Holesky and sepolia, Hoodi aims to test the validator outputs and guarantee stability. If you succeed, you could reach Mainnet at the end of April 2025, bringing the scalability and improvements of the user experience.
Market reactions were mixed when eth eth He accumulated slightly, reflecting hope, but some merchants remained cautious after previous update delays. The pein update promises better user experiences and lower costs, potentially reviving defi enthusiasm
Incidents of hyperlichids
Hyperliquid, a decentralized negotiation platform, faced notable incidents last week. The incident, which occurs in a volatile week, forced hyperlichids to reduce leverage limits, which caused a 5% drop in its native token. Two notable commercial positions (an eth position of a whale worth 6 million dollars and another short position worth $ 3.75 million) have significantly affected hyperlichid and its merchants so far. Only two commercial positions of “whales” on this platform led to a significant loss for hyperlichid, almost a loss of $ 4 million.
Several Defi experts participated in a debate on the risks of the platform, and some cite it as a warning against unbridled speculation in decentralized finances. The feeling of the market was brightened briefly, but the rapid response of Hyperliquid, its reassuring protocols and users, stabilize trust. The episode underlines Defi's growth pains, with the next steps of Hyperliquid that will probably shape their reputation in a cuthroat market.
Also, like Macroeconomic news, On March 20 of this week, there would be a FOMC (Federal Open Market Committee) about problems of interest. Interest rates such as fixed income market are not expected to reduce. This is a not very promising sign for the traditional cryptography and finance market.
Opensa insinuated to list the nft collection of the Ronin ecosystem
Opensa hinted on the list of a nft collection of the Ronin ecosystem, known by Axie Infinity. Although it was not officially confirmed, the measure was well received, promising to expand Ronin's reach in the nft market. The feeling of the market became optimistic, with merchants betting on a resurgence of nft -related nfts. Ronin's community expects this to attract new users to its ecosystem, potentially promoting the Axie players base. This could be a strategic step of Opensa to compete as nft demand is gradually recover.
