Hong Kong Legislative Council members proposed expanding Hong Kong's RMB fund pool to 5 trillion yuan to support the development of stablecoins

The crypto market slid as traders reduced risk before the Federal Reserve’s Jackson Hole symposium. Bitcoin fell below $114,000 and Ethereum slipped under $4,200. There is weakness across digital assets, with particular strain in “crypto treasury strategy” tokens. According to recent report from Sentora, ETF flows added to the pressure. Spot Bitcoin ETFs in the […]

The post October 2025 Could Make or Break XRP as SEC Delays ETF Decisions for Five Spot Applications ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp The U.S. Securities and Exchange Commission has extended the decision-making deadline for a handful of notable exchange-traded funds, including the highly anticipated XRP ETFs. The regulatory body has delayed the decision-making deadline for leading cryptocurrency ETFs till October 2025. The list includes five Spot-based XRP ETFs, notably CoinShares, Canary, 21Shares, Bitwise, and Grayscale. Grayscale’s spot Dogecoin ETF and Coinshare’s Spot-based Litecoin ETF were also delayed. Notably, the fintech ETF giant 21Shares is required to wait till October 2025 for the SEC’s decision, as the regulator also delayed its plan to launch staking on its Ethereum Spot-based ETF. The month of October could make or break XRP The new development is crucial for XRP and the broader Ripple ecosystem, as the regulators’ decision could significantly impact the XRP token and its respective holders. Shedding light on the importance of the SEC’s response, Pro-Ripple lawyer Bill Morgan took to X to reveal what a positive nod from the SEC could mean in the long term. “If the SEC approves the XRP ETFs, it could signal market validation for Ripple and lead to greater institutional adoption.” The attorney wrote, further stating that “Ripple’s regulatory standing would be significantly bolstered if it secures both the ETF approval and the banking charter.” Advertisement &nbsp All these spot ETFs including XRP spot ETFs being delayed until late October 2025. Then you have Ripple’s application for a national bank charter that was filed on 2nd July 2025 which according to the OCC manual should generally be decided within 120 days, which means by the end… https://t.co/c2OViISIq4 pic.twitter.com/QlLE6sOwiO — bill morgan (@Belisarius2020) August 18, 2025 Upon approval, market confidence could be heightened and adoption for XRP could skyrocket to never-before-seen levels, which could boost XRP’s price value in the long run. On the…

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