Category: Coins

• Digital transaction tools avoid delays and thereby create real, measurable added value.
• Case studies show: Stablecoins and smart contracts release funds faster and reduce costs.

GTreasury and Ripple have a guide together publishedaimed at treasury professionals dealing with global financial flows. He outlines an optimized system for integrating digital assets into company treasury management.

The aim is to simplify the process for treasurers who feel overwhelmed by the handling of digital assets. Many companies still don’t know when these technologies should be taken seriously. The company GTreasury, which was recently acquired by Ripple, found that those responsible in the companies wanted measurable results and not general wisdom about blockchains.

Ripple’s featured infrastructure guide supports over 300 financial institutions. It describes integrated compliance tools that help improve liquidity and speed settlement while avoiding legal and regulatory uncertainty. The use of XRP as a transaction tool in these systems is explained as a component of current financial operations.

XRP as a transaction tool

A case study focuses on a US technology company that used stablecoin networks to process its supplier payments in Asia. The change reduced processing time from several days to just a few hours. In addition, transfer costs were reduced by 70%.

In another example, a large company used digital settlement systems for almost half of its cross-border payments. This freed up more than $2.3 million in previously blocked funds. These examples show how a true digital infrastructure can help eliminate persistent delays in international money movement.

The report also highlights how smart contracts are now part of payment and hedging tasks. These systems automatically manage deliveries, payments and related financial triggers with less manual intervention.

Ripple’s network is already used in more than 90 countries. Its XRP asset is described in the report as an institutional-grade financial tool that has the liquidity and reliability required for high-volume financial activities.

As CNF reportedRipple has partnered with DZ BANK to have an operational base for custody of digital assets for institutional customers in Germany. The system supports tokenized bonds, fits current market operations and follows German regulations for digital securities.

• The Grayscale and Franklin Templeton XRP ETFs attracted over $120 million on their first day of trading.
• Canary Capital and Bitwise’s XRP ETFs also contributed to Monday’s inflows, raising $16.4 million and $17.7 million, respectively.

Grayscale and Franklin Templeton’s new US spot XRP exchange-traded funds saw strong inflows on their first day of trading on Monday. Grayscale’s GXRP attracted $67.4 million, while Franklin Templeton’s XRPZ ETF, according to SoSoValue grossed $62.6 million. Total inflows into the XRP ETF market reached $164.1 million.

Canary Capital’s XRPC and Bitwise’s XRP Fund also contributed to Monday’s inflows, raising $16.4 million and $17.7 million, respectively. These numbers reflect the growing appetite for XRP investment products. They have consistently attracted institutional and retail investors in the days following the November 13 launch of spot-only XRP ETFs.

Since lunch, investors have poured a total of $586.8 million into spot-only XRP ETFs without any withdrawals in a single day. This reflects a high level of trust and continued interest in XRP offerings among investors seeking alternatives to Bitcoin and Ethereum ETFs.

At press time, XRP was trading at $2.20, up 6.28% in 24 hours. The market capitalization is $133.08 billion and the trading volume is $6.37 billion. With 60.25 billion tokens in circulation, strong buying is keeping the price above $2.00.

XRP ETFs lead among crypto funds

US spot Bitcoin ETFs recorded net outflows of $151.1 million on Monday. Spot Ethereum ETFs recorded net inflows of $96.6 million. Spot Solana ETFs extended their 20-day positive streak by attracting $58 million in investments, bringing cumulative net inflows since inception to $568.3 million.

Grayscale also launched the first U.S. spot DOGE ETF on Monday, but it saw no inflows on its first day. “Some (many) may laugh, but I view this as a highly symbolic imposition,” said NovaDius President Nate Geraci.

“IMO, best example of the *monumental* crypto regulatory shift in the last year. Btw, GDOG might already be a top 10 ticker symbol for me.”

Launching tomorrow…

Grayscale Dogecoin ETF.

First ‘33 Act doge ETF.

Some (many) might laugh, but I actually view this as a highly symbolic launch.

IMO, best example of *monumental* crypto regulatory shift over past yr.

Btw, GDOG might already be top 10 ticker symbol for me. pic.twitter.com/f3JejjeYe4

— Nate Geraic (@NateGeraric) November 24, 2025

David Mann, Head of ETF Product and Capital Markets at Franklin Templeton Investments, described XRP as a digital asset that plays a fundamental role in the global settlement infrastructure. However, BlackRock did not participate in XRP ETFs and instead focused on Bitcoin and Ethereum ETFs.

In Germany, investors can trade cryptocurrencies via exchange-traded products that reflect XRP. Based in Germany, GXRP (ISIN DE000A3GYNB0) is fully physically collateralized and stored in cold wallets of regulated custodians. It is listed on Deutsche Börse’s Xetra. The Switzerland-based 21XP ETP (ISIN CH0454664043) also tracks XRP and offers an alternative for European investors with a total expense ratio of 2.50% per year.

• VeChain and Rekord are working together to create the basic infrastructure for real world assets and digital product passports in the EU.
• Rekord’s V1 API is now live and offers full multi-chain integration.

VeChain and Rekord are planning one rapid development of RWA tokenization procedures. The two companies want to create the basis for DPPs in the EU. You are following the EU regulation ESPR – Ecodesign for Sustainable Products Regulation, i.e. for the environmentally friendly design of sustainable products.

With that become Digital product passports mandatory for many consumer and industrial goods. From 2026, companies will need to link detailed product information such as origin, materials, repairability and sustainability metrics with regulatory compliance and full lifecycle traceability. An X post says:

“Record is VeChain as the preferred public blockchain infrastructure partner, providing customers with a proven, enterprise-focused network for high-value, regulated use cases.”

RWA tokenization in the EU is making progress

VeChain brings a range of capabilities to the partnership including VeChainThorwith its Proof-of-Authority consensus model enforced by verified Authority Masternodes.

The platform is highly scalable and specifically designed for use in companies. It offers SDKs and APIs for connecting devices such as RFID, NFC and IoT sensors as well as ERP systems and middleware.

According to product passport best practices, large amounts of sensitive raw data are stored off-chain in ERP systems, data lakes and IPFS object stores. At the same time, cryptographic hashes are recorded on VeChainThor.

Rekord enables companies to capture and verify product and process data directly at the source. The system makes data streams tamper-proof without having to adapt existing systems, which significantly reduces the effort involved in introducing them.

Rekord also offers full multi-chain support, and its V1 API is already live and has successfully anchored its first real transactions on the VeChainThor blockchain. By enabling cryptographic credentials to be anchored on the blockchain, Rekord creates immutable, verifiable product histories that ensure transparency and regulatory compliance.

Vechain explained:

“Next will be the tokenization and digitization of products entering the European Union to meet regulatory requirements – a vision we have been working on since our founding.”

• The Cardano “Proof of Bike” identification system proves ownership of bikes and identifies stolen bikes. This is intended to prevent theft.
• The system also documents legal private sales of registered bicycles and is fully in line with existing EU objectives.

A bike identification system based on the Cardano blockchain is now active for around 300,000 bikes, as confirmed at the Cardano Summit. The “Proof of Bike” technology was developed by Frederik Gregaard, CEO of the Cardano Foundation, presentedwho met with the BikeID team at the event.

In contrast to cars, which are identified via officially registered chassis numbers, there is still no official registration system for bicycles. This contributes to the high number of thefts, stolen goods and property disputes. This results in losses worth billions worldwide.

BikeID’s Proof of Bike system can change that. It issues tamper-proof identification numbers that are stored on the Cardano blockchain. In this way, ownership relationships are documented in a secure manner without the need for centralized databases.

Gregaard explained:

“I’m really impressed by the scale and vision behind it.”

Had the opportunity to catch up with the BIKEID team at the Cardano Summit already 300.000 bikes are using this. So called Proof of Bike, and I’m genuinely impressed by the scale and vision behind it.

The problem is simple but massive: unlike cars with VIN numbers, bicycles have… pic.twitter.com/6uUrjdaL5c

— Frederik Gregaard (@F_Gregaard) November 20, 2025

BikeID is compliant with EU regulations

BikeID’s system is designed to comply with the European Union’s regulations for digital product passports as part of its sustainability policy. The tool supports sustainable transport and recycling. This makes the use of bicycles even more environmentally friendly than it already is.

Gregaard emphasizes that the use case shows how well Cardano is adapted to European regulations aimed at preserving the environment.

The platform uses the Cardano mainnet to store bike proof and bike ownership data. It records lifecycle events such as service, transfer or theft on the blockchain through certificates that cannot be changed. Offchain data is handled securely through partners Iagon for storage, Midgard for crosschain connections, and uVerify for regulatory compliance.

The BikeID project recently won the “Battle of the Builders” competition, a program that evaluates Cardano applications.

Currently, Cardano (ADA) is trading at $0.4048, down 13.33% in the last 24 hours. The price is now trading below important supports, with the last one that did not hold being $0.45. Short-term EMAs prevent recovery attempts. The chart image suggests weakening momentum and strong selling pressure in the $0.5 area.

• The Stellar Network is launching its “X-Ray” protocol upgrade in January 2026.
• It optimizes application data protection without compromising transparency.

Stellar’s ​​“X-Ray” allows developers to build privacy-compliant apps without compromising platform transparency by leveraging zero-knowledge cryptography.

The announcement was made recently in onewho further explained that the upgrade will encourage the development of data protection applications that balance compliance and transparency.

The X-Ray protocol should come immediately after the turn of the year. The testnet vote is scheduled for January 7th, with the mainnet launch expected on January 22nd, 2026.

At Meridian 2025, Tomer Weller, Chief Product Officer of the Stellar Development Foundation, presented the company’s long-term data protection strategy. With this fundamental investment in privacy-focused projects, Stellar aims to enable the development of more sophisticated privacy applications.

The post says:

“X-Ray – named for the everyday tool used to show only what needs to be seen and nothing beyond that – represents the first major milestone in this plan.”

As part of the Stellar network’s ongoing collaborations and other expansion initiatives, the platform recently partnered with Templar Protocol, the first Cypher lending protocol. How CNF reportedthe collaboration focuses on improving multichain XLM and lending for RWA. The platform also cooperates with Chainlink.

X-Ray Unlocks ZK Potential on Stellar

The X-Ray upgrade will create new ZK opportunities on the Stellar network. It mainly supports two primitives: BN254 and Poseidon. BN254 is a popular pairing-friendly elliptic curve, and Poseidon includes a group of hash functions for ZK systems.

While BN254 connects the Stellar network to the broader ZK system, Poseidon addresses the key performance bottleneck. BN254 enables onchain verification of ZK-SNARK proofs and interoperability with existing ZK tools.

At the same time, Poseidon enables cryptographic hashes and reduces restrictions on proof generation. The upgrade will therefore allow developers to maintain consistent hash logic inside and outside the blockchain, without which no data protection applications on the platform would be possible.

It is noteworthy that this development comes on the heels of the expansion of the Stellar network in Europe. The presence in Germany was particularly consolidated through the acquisition of IROIN, a leading influencer marketing platform in the country. Additionally, Stellar has also partnered with Wirex to enable onchain VISA processing via USDC and EURC.

• Leverage Shares will launch triple leveraged Bitcoin and Ethereum ETFs on the SIX Swiss Exchange.
• 21Shares recently expanded its leveraged crypto asset offering with a new dual-leveraged DOGE ETF.

Leverage Shares wants to offer European customers triple leveraged bets on BTC and ETH on the Swiss exchange SIX via new ETFs. The company currently manages over $1 billion in customer funds.

LeverageShares is launching the world’s first ever 3x and -3x Bitcoin and ether ETFs in Europe next week. Timing is either really good or really bad depending on your POV. pic.twitter.com/l8aR1E5Ckt

— Eric Balchunas (@EricBalchunas) November 21, 2025

BTC and ETH are currently making a loss. At the time of writing this article, Bitcoin is at 86.036,52 $ traded after falling 9.95% over the past week.

In the meantime, ETH stands by 2.800,87 Dollar, after plunging 12.29% in the last 7 days. According to Bloomberg, the products are expected to hit the market next week.

“The timing is either really good or really bad, depending on your point of view.”

Leverage Shares already offers similar offers on several stocks including Apple, Tesla, Facebook and Amazon, to name a few.

This is not the first time that the company has promoted such an offer. Last month, it filed to offer U.S. investors a boosted and riskier leveraged ETF that would have up to five times leverage on Bitcoin, Solana and XRP.

A Miami-based company, Defiance Investments, also filed a similar set of leveraged crypto ETFs with the U.S. Securities and Exchange Commission last month. The includes 49 funds that would offer investors triple and inverse leveraged exposure.

21Shares launches double leveraged DOGE ETF

As CNF reported, despite the increased volatility of the crypto market, it is evident that there has been an increase in leveraged exchange-traded products. Notably, 21Shares announced the dual-leveraged Dogecoin ETF “TXDD,” which allows for a long position and potentially reaps twice the token’s daily performance, minus fees and costs.

• Bitcoin is repeatedly said to be at risk from developing quantum computer technology.
• This time it is Jan van Eck, CEO of the financial services provider of the same name, who is publicly worried in a CNBC interview.

Quantum computing has been increasingly cited as a security threat to Bitcoin lately. In one Interview mit CNBC VanEck CEO Jan van Eck questioned whether Bitcoin really has adequate encryption and the necessary data protection. He raised concerns about “quantum fraction encryption,” noting that some in the know are already switching to Zcash for better data protection.

It was noticed, that Bitcoin has an open ledger that discloses transactions, which is contrary to emerging user privacy demands. Although VanEck remains committed to Bitcoin, the company treats it like a traditional asset.

TLDR:

The bitcoin bear market is being driven by the onchain reality of the halving cycle (bearish for 2026), quantum-breaking-encryption concerns and the better privacy of Zcash.@vaneckpk said it best: dollar cost average into bear markets@vaneck_us https://t.co/T4o8ofDggD

— Jan van Eck (@JanvanEck3) November 21, 2025

The Bitcoin bear market points to broader structural forces as well as the halving cycle – and supposedly the risks of quantum computing. The decentralized management of the network represents a limitation because it takes time to update the network and respond to upcoming technological threats.

Experts warn that machines capable of subverting elliptic curve cryptography could leak private keys and disrupt transactions. The risk is currently still unrealistic, but markets do not always act and react in accordance with reality.

Zcash a leader in quantum security?

Zcash has already positioned itself as proactive against quantum attacks. Since September, ZEC’s price has risen fifteen-fold, driven by diffuse fears of quantum attacks. Zcash argues that possible quantum attacks can be survived long enough for security patches to be available and implemented.

Unlike Bitcoin, Zcash takes a community-based upgrade approach that enables coordinated actions and focuses primarily on the wallets’ software rather than the protocol itself.

Expert Zach Humphries pointed out Zcash’s rapid increase in value since the start of 2025 and called the token one of the best trades of the year.

He emphasized the need to monitor the movements of large investors and maintain a strong position in Zcash after the big profits. The network’s focus on data protection appears to have helped secure customer trust while preparing for quantum attacks.

In any case, many investors are now comparing the fundamental strength of Bitcoin with the flexibility and data protection advances of Zcash. It doesn’t matter whether such questions make sense or not – in any case, they already influence the market dynamics of cryptocurrencies.

• Wormhole launches Sunrise DeFi, a service to accelerate the listing of crypto assets on Solana.
• Monad was the first customer to use the service to list its token MON.

Wormhole hat SunRise DeFi introduced and describes the new service as “Solana’s one-day quotation platform”. It offers new digital assets an uncomplicated route into the market via an accelerated stock exchange listing.

These tokens can become tradable on Solana and other decentralized exchanges within hours. Sunrise’s X post says:

“The new way major assets become listed and tradable on Solana, with high liquidity on day one.”

With the launch of Sunrise DeFi, cryptocurrencies from external chains can be easily integrated into the SOL network. This is done through Wormhole’s Native Token Transfer Framework. This eliminates the need for wrapped tokens, bridges and fragmented trading pools.

Sunrise: Uncomplicated cross-chain projects

Previously, it was not easy to launch and list a non-native asset on the Solana network. It required the use of multiple bridges and wrapped tokens. This fragmented approach often resulted in scattered liquidity and complicated procedures.

Sunrise has solved the problem. By using Wormhole’s Native Token Transfer (NTT) framework, all it takes is now a single click to kick-off the process. It offers fast listing of non-native tokens as it allows trading on major Solana exchanges. This eliminates the usual delays, technical risks and breakdowns.

Wormhole’s Sunrise DeFi launch coincides with the debut of Monad’s MON token, which was listed on Solana. After launch, MON holders sent their tokens to Solana and immediately gained access to high liquidity.

There had previously been friction between Aptos and Monad. As CNF reportedAlexander Spiegelman, director of Aptos Research, had accused Monad of copying open source code without attribution. He also expressed concerns about the platform’s time-consuming procedures.

But after the launch and the token debut, the possible one is approaching Bitcoin buyback the focus in Germany. Although Germany had already sold a significant portion of its Bitcoins, the recent price decline offered the opportunity to buy them back at a significantly lower rate – a classic DIP bargain.

• VeChain received MiCAR approval for its Hayabusa upgrade.
• Exchanges and industry partners welcome and support the hard fork.

VeChain has received the green light for the highly anticipated Hayabusa upgrade. After the community accepted the VeChain-Hayabusa hardfork upgrade, the updated MiCA whitepapers for VET and VTHO are now being forwarded to regulators.

Das VeChain Hayabusa-Upgrade has received the green light from EU regulators. With support from the community and partners ready for the hard fork, the blockchain is gearing up for a major upgrade. On X it says:

“MiCA is one of the most important regulatory frameworks for digital assets in Europe, covering 27 countries and imposing transparency, disclosure and risk management obligations. VeChain … is focused on the next phase of its roadmap … to support long-term value creation.”

To further expand VeChain’s potential, major exchanges and financial partners have also expressed interest. This allows liquidity providers, custodians and market participants to confidently assess the potential of the upgrade.

It is noteworthy that this development follows VeChain’s acquisition of Wanchain USDC. As CNF reported, VeChain has officially ended its collaboration with Glo Dollar stablecoin USDGLO and is accepting USD instead.

Hayabusa Upgrade power VeChain MiCAR compliant

According to VeChain’s official statement, they are now fully MiCAR compliant. Since the community approved the upgrade, the MiCAR white papers for VET and VTHO have been officially updated.

How CNF reportedthe updated white paper includes the introduction of a DPoS (Delegated Proof of Stake) consensus and a renewed VTHO token economics. However, these updates will occur within the framework of the already existing dual token system.

In addition, the white paper describes the working mechanism of VET and VTHO. It also explains the key features of the VeChain Hayabusa hard fork. The new one White paper summarizes the token roles, economic details and upgrade features.

Hintergrund: Markets in Crypto-Assets Regulation (MiCAR)

The European Union requires a MiCAR license for crypto companies to establish themselves in the EU internal market. It is therefore a prerequisite for the legal business operations of crypto companies in the 27 EU member states.

• Chainlink provides Hastra with secure data and supports crosschain expansion.
• Hastra brings DeFi yield with institutional backing.

Hastra has partnered with Chainlink to strengthen its Solana-based yield offering and integrate the oracle provider’s infrastructure into its protocol. This is intended to provide secure, real-time data feeds for products such as PRIME and wYLDS. The integration has been officially confirmed by Chainlink.

The protocol comes to market with the backing of Figure, a financier with over $19 billion in unlocked equity. Founded by both Figure and the Provenance Foundation, Hastra aims to reshape the interaction between RWA and decentralized financial instruments. Chainlink’s data and interoperability services are now a central part of the Hastra design.

1/ Hastra, a new DeFi platform incubated by @Figurea leading home equity lender with $19B+ in unlocked equity, is integrating Chainlink as its official oracle infrastructure across all of Hastra’s yield products. https://t.co/FybEwuB1JV pic.twitter.com/Tg54lP6AQH

— Chainlink (@chainlink) November 21, 2025

Hastra enables continuous returns and instant billing 24/7. This is particularly interesting for institutional customers, but remains compatible with DeFi protocols. With native support for Solana, the system aims to provide a different approach to accessing enterprise-grade assets than is commonly found in traditional markets.

Hastra targets RWA niches with Chainlink

The partnership enabled Hastra to build scalable financial tools without compromising on compliance or security. Chainlink’s role ensures the delivery of verified data, which the performance and reliability of the products offered support.

All of this goes well beyond just feeding in data. There are interoperability tools that provide the foundation for Hastra’s multi-chain future. This is expected to mean more growth for other blockchains as well and help Hastra expand its reach beyond Solana.

The Hastra platform is designed to overcome the long-standing hurdles separating traditional RWAs from blockchain systems. The current RWA processes are not optimally coordinated and can be used more effectively. This should be done by creating a uniform, Solana-based setup.

Currently, LINK is trading at $11.98, up 0.72% in the last 24 hours. Despite the price increase, technical indicators point to a possible short-term reversal. The RSI at 29.54 signals oversold conditions, while MACD and Stochastics indicators suggest that bearish pressure is easing, which could lead to a small price increase.