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SEC Punts on Trump Media Bitcoin and Ethereum ETF Decision, Plus XRP and Dogecoin Funds

SEC Punts on Trump Media Bitcoin and Ethereum ETF Decision, Plus XRP and Dogecoin Funds

The post SEC Punts on Trump Media Bitcoin and Ethereum ETF Decision, Plus XRP and Dogecoin Funds appeared on BitcoinEthereumNews.com. In brief The SEC will decide on the Truth Social Bitcoin and Ethereum ETF on October 8, likely after a rules change request from two exchanges that could shorten approval processes. The agency delayed decisions on XRP funds from Grayscale, Bitwise, CoinShares, Canary Capital, and 21Shares. It also pushed back deadlines on separate Dogecoin and Litecoin ETFs, and a proposal to add staking to an existing spot Ethereum ETF. The U.S. Securities and Exchange Commission has delayed its decisions on an exchange-traded fund proposed by Donald Trump’s media and technology company to track the performance of Bitcoin and Ethereum and seven other ETFs based on single digital assets. In a filing Monday, the regulator said that it moved its deadline back 45 days for weighing in on the Truth Social Bitcoin and Ethereum ETF to October 8. It announced identical delays for applications filed for spot XRP funds by Grayscale, CoinShares, Canary Capital, Bitwise and 21Shares, a spot Dogecoin ETF from Grayscale, and a spot Litecoin product from CoinShares, although the dates for potential approvals of those funds vary. It also held up resolving a request to add staking to the the 21Shares Core Ethereum ETF, which tracks the price of the second-largest cryptocurrency by market value.  The delays comes four days after the agency delayed decisions on Solana ETFs from Bitwise, 21Shares, and VanEck, and a Dogecoin fund from 21Shares. The SEC is weighing a wave of proposals tracking cryptocurrencies. Those submissions have resulted from the dramatic success of 11 spot Bitcoin and nine Ethereum ETFs, a more favorable political environment for cryptocurrencies ushered in by the Trump administration, and growing interest by traditional finance giants who were formerly resistant to the asset. The filings also follow roughly three weeks after two major U.S. exchanges asked the SEC…
Expert Says Chainlink Outshines XRP for Multi-Chain Adoption: Here’s Why

Expert Says Chainlink Outshines XRP for Multi-Chain Adoption: Here’s Why

The post Expert Says Chainlink Outshines XRP for Multi-Chain Adoption: Here’s Why appeared on BitcoinEthereumNews.com. TLDR: Chainlink secures $92B+ across 60+ blockchains, far ahead of XRPL’s $100M DeFi TVL. LINK’s oracles enable cross-chain transfers, compliance, and legacy system integration for institutions. XRP adoption relies on being a bridge currency, while Chainlink benefits across all blockchains. Institutions like J.P. Morgan, Mastercard, and UBS are already using Chainlink’s tech stack. Chainlink is emerging as a major force in institutional blockchain adoption, overshadowing XRP in the process.  Analysts point out that LINK provides essential services that make tokenized assets usable across multiple blockchains. Unlike XRP, which relies on ledger adoption, Chainlink offers a chain-agnostic platform supporting data, compliance, and cross-chain operations.  Experts note that financial giants are actively integrating Chainlink technology into their systems. This positions LINK to capture broader value as blockchain adoption scales across industries. The Chainlink Institutional Edge Over XRP Industry observers, including Zach Rynes of CLG, argue LINK’s platform solves critical problems for tokenizing real-world assets.  Chainlink delivers oracles for market data, compliance checks, and cross-chain interoperability. XRP, by contrast, only functions as a ledger and bridge currency, limiting its utility. Rynes highlights that Chainlink already works with major financial institutions like Swift, DTCC, Euroclear, and J.P. Morgan. This establishes a proven adoption track record, rather than speculative interest. The platform’s ability to connect legacy infrastructure with blockchain networks gives LINK a unique advantage over single-ledger networks. $LINK is in a better position than $XRP to the benefit from the coming wave of institutional blockchain adoption and trillions in assets being tokenized onchain A common response to this is "but Chainlink and XRPL don't compete 1:1 on product basis!!" That's true but also… pic.twitter.com/b18Bm0vMrU — Zach Rynes | CLG (@ChainLinkGod) August 17, 2025 Chainlink secures over $92 billion across 60+ blockchain networks, while XRP’s DeFi total value locked sits near $100 million. This discrepancy…
XRP Ledger Ranks Lowest for Security Among 15 Blockchains in New Report

XRP Ledger Ranks Lowest for Security Among 15 Blockchains in New Report

The XRP Ledger, the blockchain behind the world’s third-largest cryptocurrency, has come under scrutiny after ranking last in a new security assessment from blockchain analytics firm Kaiko. Key Takeaways: XRP Ledger ranked last in Kaiko’s security assessment with a score of 41 out of 100. A hack in April exposed vulnerabilities in XRPL’s software supply chain, raising major concerns. The network’s limited validator distribution and low decentralization remain key weaknesses. According to Kaiko’s quarterly Blockchain Ecosystem Ranking , the XRP Ledger scored just 41 out of 100 in the security category, the lowest among 15 blockchains surveyed. That placed it behind Polygon at 44 and Stellar at 45, while Ethereum led the pack with a score of 83. Weak Scores on Validator Security and Decentralization Kaiko evaluates blockchains across five pillars: governance, integration, liquidity, operational efficiency, and security. The security assessment covers validator decentralization, audit history, operational resilience, and past breaches. In April, a hacker infiltrated an official software package used by XRPL developers , embedding malicious code that could steal users’ private keys. Although the core ledger and GitHub repository were not directly compromised, the breach exposed vulnerabilities in the blockchain’s supply chain security and drew sharp criticism. At the time, Aikido Security , the attacker gained access to a developer’s Node Package Manager (NPM) token, allowing them to publish compromised versions of xrpl.js, the official JavaScript library for interacting with the XRP Ledger. With over 140,000 weekly downloads, the package is widely integrated into hundreds of thousands of apps and websites, raising concerns over the potential scale of the breach. “This could have been catastrophic,” Eriksen warned in a security update, noting that the flaw theoretically allowed attackers to steal private keys, putting crypto wallets at risk. The malicious code was detected on April 21, when Aikido’s monitoring system flagged five suspicious package versions. Validator distribution remains another sore point. Unlike Ethereum and Solana, which rely on vast validator sets of more than one million and 1,700 nodes respectively, the XRP Ledger has roughly 190 active validators. Of those, only 35 are included in the default “unique node list,” the trusted group most participants use to reach consensus. While this design is meant to enhance speed and reliability, critics argue it concentrates power and leaves the system more susceptible to coordinated failures. Wellgistics Rolls Out XRP Ledger Payments for US Pharmacies Wellgistics Health is introducing an XRP Ledger–based payment system to thousands of pharmacies across the United States, marking one of the first large-scale blockchain deployments in the healthcare sector. The Nasdaq-listed distributor (WGRX) said the platform will allow independent pharmacies to pay for drug inventory and move funds instantly, bypassing the banking delays and high credit card fees that often strain small operators. The rollout integrates with RxERP, a serialized pharmaceutical e-commerce and enterprise planning tool, offering real-time tracking, lower costs, and direct settlement between pharmacies and distributors. Wellgistics, which counts more than 6,500 pharmacies and 200 manufacturers in its network, is among the first healthcare firms to launch a payment solution on the XRP Ledger (XRPL), the open-source blockchain supported by Ripple Labs. Pharmacies can now enroll in the beta version of the program. CEO Brian Norton said the response from pharmacy owners has been stronger than expected, noting that they are “more forward-thinking on blockchain than many in the industry assume.”
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Author: CryptoNews2025/08/18 20:52