XRP ETF clients purchased $12.98 million worth of XRP in 24 hours, lifting total net assets to $1.54 billion. Cumulative net inflows reached $1.25 billion, with Grayscale and other issuers reporting strong demand.

President Trump threatened to launch a forceful strike against Iran today, triggering a sharp selloff in U.S. equities as geopolitical risk surged. The Dow, S&P 500, and Nasdaq all hit fresh intraday lows.

U.S. stocks closed higher after June CPI came in softer than expected, cutting the market’s bets on a July rate hike and pushing investors back into rate-sensitive growth trades. The Dow Jones Industrial Average rose 0.02%, the S&P 500 gained 0.38%, and the Nasdaq Composite added 0.90%. The move was not broad-based. Instead, money rotated heavily into AI hardware, semiconductors, memory, and optical networking, while parts of software and traditional IT services lagged. CPI slowed to 3.5% year over year from 4.2% in May, while monthly CPI fell 0.4%, the first monthly decline in six years. CME FedWatch showed the implied probability of the Federal Reserve holding rates steady in July jumped to 83.4% from 58.3% a day earlier. Treasury yields eased, with the 10-year yield falling to 4.58%, and the VIX dropped to 16.50. Semiconductor and memory names led the rebound. SK Hynix ADR surged 27.29%, Micron rose 4.92%, Nvidia gained 4.06%, and Intel added 4.50%. Large banks also supported sentiment as Goldman Sachs and JPMorgan posted strong results. IBM moved the other way, plunging 25.21% after preliminary second-quarter results missed expectations, marking the biggest one-day drop in the company’s 115-year history.

The U.S. Commodity Futures Trading Commission named Amir Zaidi as its new Chief of Staff. Zaidi previously served at the CFTC from 2010 to 2019, overseeing the certification and rollout of the first federally regulated crypto product—Bitcoin futures. His return strengthens the agency's crypto regulatory expertise.

Franklin Crypto Index ETF (EZPZ) will expand from BTC and ETH to include XRP, Solana, Dogecoin, Cardano, Stellar, and Chainlink starting Dec 1, 2025, under new Cboe BZX generic listing rules, with quarterly rebalancing and in-kind creations.

The SEC is reportedly making progress on Solana ETF discussions with issuers, with 19b-4 filings expected soon. Market optimism grows for a 2025 approval amid potential leadership changes and a more crypto-friendly administration.

The SEC is reportedly engaging with Solana ETF filers on S-1 applications, with 19b-4 filings expected soon. Optimism grows for approval by 2025, fueled by potential leadership changes at the SEC and a pro-crypto administration.

Escalating US-Iran tensions triggered a massive sell-off in US equities, with the Dow, S&P 500, and Nasdaq all falling sharply. The VIX hit 27.44, gold dropped 3%, and bitcoin slipped to $68,842. Analysts highlight Middle Eastern capital flowing into crypto as a stabilizing factor.