The recent White House report on cryptocurrencies overlooked XRP completely. Meanwhile, interest in other tokens, such as SHIB, is growing.
Absence of XRP in Reports
In the digital asset policy report published by the White House on July 30, 2023, XRP failed to receive any mention, despite being the third largest cryptocurrency by market cap. While Bitcoin, Ethereum, and other tokens were recognized multiple times, XRP remained unseen, prompting questions among investors.
Growth of SHIB Staking
Since its launch in 2021, over 4.6 trillion SHIB tokens have been staked, indicating rising investor interest. According to data from Shibburn, a total of more than $58.7 million worth of SHIB has been locked on staking contracts. This reflects SHIB holders' confidence in the token's long-term potential.
Ripple Expands DeFi with New Hire
Ripple is actively seeking a Vice President of Partnerships for its RippleX division to accelerate institutional DeFi growth on the XRP Ledger. The new hire will negotiate with asset managers, tokenization platforms, and other key market participants, aiming to enhance Ripple's ecosystem impact and increase asset volumes.
In conclusion, the lack of XRP mentions in the White House report, the growth of SHIB, and Ripple's strategic initiatives highlight the dynamics and volatility of the cryptocurrency market, where attention is drawn to both major players and new initiatives.