XRP咆哮到2025

Ripple Labs本週早些時候發布了其Q1 2025的XRP市場報告，強調了XRP的出色市場表現，增加了機構採用和主要的監管解決方案。

As 2025 dawned, a surprising cryptocurrency winner emerged from the market noise - XRP. Its ascent was fueled by a perfect storm of surging exchange-traded fund (ETF) activity, major regulatory breakthroughs, and Ripple’s $1.25 billion acquisition, which turbocharged the institutional adoption of XRP.

隨著2025年黎明，一個令人驚訝的加密貨幣獲獎者從市場噪音-XRP中出現了。它的攀登是由一場飆升的交易所資金（ETF）活動，主要監管突破以及Ripple的12.5億美元收購的完美風暴所推動的，渦輪增壓了XRP的機構採用。

The stellar performance of XRP was highlighted in the last installment of Ripple Labs’ XRP Markets Report for Q1 2025. This report also touched upon the misuse of its reports by former U.S. Securities and Exchange Commission (SEC) leadership, leading to a shift in strategy.

XRP的出色表現在上一部《 Ripple Labs》第1季度2025年的XRP市場報告中得到了強調。該報告還涉及前美國證券交易委員會（SEC）領導層濫用其報告，從而導致戰略的轉變。

Going forward, XRP updates will be shared on a dedicated page of Ripple’s website, and the company will disclose its cryptocurrency holdings on a quarterly basis.

展望未來，XRP更新將在Ripple網站的專用頁面上共享，該公司將季度披露其加密貨幣持有量。

The report showcased a buoyant picture of XRP’s Q1 market behavior, highlighting its strength amid broader cryptocurrency volatility.

該報告展示了XRP的Q1市場行為的浮力圖片，突出了其強度在更廣泛的加密貨幣波動中。

“Despite the volatility, XRP stood out as a top performer, showing resilience amid a volatile market and performing better than nearly every major cryptocurrency.”

“儘管有動盪，XRP還是表現出色的，在動蕩的市場中表現出彈性，並且表現更好，幾乎比每種主要的加密貨幣都更好。”

“Throughout Q1, XRP outpaced assets like BTC and ETH—at one point climbing nearly 50% in early February. While ETH and SOL trended sharply downward and BTC hovered nearly breakeven, XRP demonstrated clear relative strength in an exaggerated fashion.”

“在整個Q1中，XRP超過了BTC和ETH等資產 - 在2月初攀升了近50％。而ETH和SOL急劇下降，而BTC卻徘徊了近乎盈利，XRP以誇張的方式表現出明顯的相對力量。”

This institutional support was further amplified by a wave of exchange-traded fund (ETF) activity. XRP exchange-traded products (ETPs) saw renewed interest globally through more listings and inflows.

通過交換貿易基金（ETF）活性浪潮進一步擴大了這種機構支持。 XRP交易所交易產品（ETP）通過更多的清單和流入，在全球範圍內重新引起了人們的興趣。

The report highlighted that XRP-based investment products outperformed those tied to bitcoin and ethereum, recording €37.7 million in inflows and raising the year-to-date total to €214 million—a mere €1 million shy of surpassing global Ethereum fund totals.

該報告強調，基於XRP的投資產品的表現優於與比特幣和以太坊相關的投資產品，記錄了3770萬歐元的流入，並將年度至今的總數提高到2.14億歐元，這僅僅是超過全球以太坊基金的總數。

In a significant development, Franklin Templeton filed an S-1 for a spot XRP ETF with the SEC, converging on the agency’s administrative approval pathway.

在一個重大的發展中，富蘭克林·鄧普頓（Franklin Templeton）與SEC一起為SEC XRP ETF提交了S-1，並彙聚在該機構的行政批准途徑上。

Moreover, CME announced plans to launch XRP futures contracts later this year, expanding institutional access to the cryptocurrency. In the same vein, Volatility Shares submitted applications for three XRP-focused ETFs, expanding on the existing iShares bitcoin and ethereum ETFs.

此外，CME宣布了今年晚些時候啟動XRP期貨合約的計劃，擴大了對加密貨幣的機構訪問。同樣，波動率共享了三個以XRP為中心的ETF的應用程序，從而擴展了現有的iShares比特幣和以太坊ETF。

Across the Atlantic, Brazil’s Comissão de Valores Mobiliários approved a dedicated ETF focused solely on XRP, showcasing international interest in the cryptocurrency.

在整個大西洋，巴西證券委員會批准了專門針對XRP的專用ETF，展示了對加密貨幣的國際興趣。

Back in the U.S., Teucrium’s 2x Long Daily XRP ETF commenced trading with an impressive $5 million in volume on its first day, ranking it within the top 5% of new ETF launches globally in terms of initial trading activity.

回到美國，Teucrium的2倍長期XRP ETF開始交易，其第一天的數量令人印象深刻，在最初的交易活動方面將其排在全球範圍內的前5％。

Highlighting Ripple’s expanding role in the institutional sphere, the company’s $1.25 billion acquisition of Hidden Road - one of the largest mergers in the crypto sector - was another key focus.

強調了Ripple在機構領域的不斷擴展的角色，該公司耗資12.5億美元的隱藏道路（加密貨幣領域最大的合併之一）是另一個關鍵重點。

As institutions increasingly turn to private credit to deploy capital, Hidden Road, a leading provider of integrated credit trading technology, will bring its expertise to Ripple’s institutional strategy.

隨著機構越來越多地轉向私人信貸來部署資本，Hidden Road是綜合信貸交易技術的領先提供商，將使其專業知識成為Ripple的機構戰略。

Over time, Hidden Road will leverage the XRP Ledger to streamline parts of its post-trade operations, including FX, swaps, and repo markets, ultimately reducing operational expenses and increasing efficiency for the financial industry.

隨著時間的流逝，Hidden Road將利用XRP Ledger來簡化其後貿易業務的一部分，包括FX，掉期和回購市場，最終降低了運營費用並提高了金融業的效率。

Additionally, Ripple’s stablecoin, RLUSD, will be used as collateral across Hidden Road’s suite of products, further embedding Ripple’s infrastructure in critical institutional workflows.

此外，Ripple的Stablecoin Rlusd將被用作隱藏道路套件的抵押品，將Ripple的基礎設施進一步嵌入到關鍵的機構工作流程中。

On the regulatory front, the SEC withdrew its appeal against Ripple in March, agreeing to lower the penalty from $125 million to $50 million and request that the court vacate the injunction. This development followed a series of administrative actions by the new U.S. administration.

在監管方面，SEC在三月份撤回了對Ripple的上訴，同意將罰款從1.25億美元降低到5000萬美元，並要求法院撤消禁令。這一發展是在美國新政府採取的一系列行政行動之後。

The administration repealed Statement of Applicable Accounting Standards (STAP) 121, which had been a point of contention for crypto firms, and updated the Office of the Comptroller of the Currency (OCC) crypto custody guidelines to provide greater clarity to banks.

政府廢除了適用的會計標準（Stap）121的聲明，這是加密貨幣公司的爭論點，並更新了貨幣計算機（OCC）加密貨幣保管指南的辦公室，以提供更明確的銀行。

The Federal Deposit Insurance Corporation (FDIC) also revised its own policy on crypto-related activities of FDIC-insured institutions, introducing a more flexible approach.

聯邦存款保險公司（FDIC）還修改了自己的與FDIC保險機構與加密相關的活動的政策，引入了一種更靈活的方法。

Highlighting the broader implications of these administrative actions, Ripple noted that they are part of a broader shift towards a more streamlined and efficient regulatory landscape.

Ripple強調了這些行政行動的更廣泛的含義，指出它們是向更精簡和有效的監管格局更廣泛的轉變的一部分。

“These administrative actions are part of a broader effort by the new administration to create a more favorable regulatory environment for the digital asset industry. Other recent administrative actions include the OCC’s updated guidance on crypto custody by national banks and the FDIC’s revision of its own policy on cryptocurrency-related activities of FDIC-insured institutions.”

“這些行政行動是新政府為數字資產行業創建更有利的監管環境的更廣泛努力的一部分。其他最近的行政行動包括OCC對國家銀行的加密貨幣託管的最新指南，以及FDIC修訂其對FDIC保險機構的加密貨幣活動的政策。”

As these administrative actions continue to unfold, they are poised to have a significant impact on the future of the cryptocurrency industry in the U.S.

隨著這些行政行動的繼續進行，他們準備對美國加密貨幣行業的未來產生重大影響