XRP咆哮到2025

Ripple Labs本周早些时候发布了其Q1 2025的XRP市场报告，强调了XRP的出色市场表现，增加了机构采用和主要的监管解决方案。

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.

随着2025年黎明，一个令人惊讶的加密货币获奖者从市场噪音-XRP中出现了。它的攀登是由一场飙升的交易所资金（ETF）活动，主要监管突破以及Ripple的12.5亿美元收购的完美风暴所推动的，涡轮增压了XRP的机构采用。

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的出色表现在上一部《 Ripple Labs》第1季度2025年的XRP市场报告中得到了强调。该报告还涉及前美国证券交易委员会（SEC）领导层滥用其报告，从而导致战略的转变。

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.

展望未来，XRP更新将在Ripple网站的专用页面上共享，该公司将季度披露其加密货币持有量。

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

该报告展示了XRP的Q1市场行为的浮力图片，突出了其强度在更广泛的加密货币波动中。

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

“尽管有动荡，XRP还是表现出色的，在动荡的市场中表现出弹性，并且表现更好，几乎比每种主要的加密货币都更好。”

“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.”

“在整个Q1中，XRP超过了BTC和ETH等资产 - 在2月初攀升了近50％。而ETH和SOL急剧下降，而BTC却徘徊了近乎盈利，XRP以夸张的方式表现出明显的相对力量。”

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.

通过交换贸易基金（ETF）活性浪潮进一步扩大了这种机构支持。 XRP交易所交易产品（ETP）通过更多的清单和流入，在全球范围内重新引起了人们的兴趣。

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.

该报告强调，基于XRP的投资产品的表现优于与比特币和以太坊相关的投资产品，记录了3770万欧元的流入，并将年度至今的总数提高到2.14亿欧元，这仅仅是超过全球以太坊基金的总数。

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.

在一个重大的发展中，富兰克林·邓普顿（Franklin Templeton）与SEC一起为SEC XRP ETF提交了S-1，并汇聚在该机构的行政批准途径上。

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宣布了今年晚些时候启动XRP期货合约的计划，扩大了对加密货币的机构访问。同样，波动率共享了三个以XRP为中心的ETF的应用程序，从而扩展了现有的iShares比特币和以太坊ETF。

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

在整个大西洋，巴西证券委员会批准了专门针对XRP的专用ETF，展示了对加密货币的国际兴趣。

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.

回到美国，Teucrium的2倍长期XRP ETF开始交易，其第一天的数量令人印象深刻，在最初的交易活动方面将其排在全球范围内的前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.

强调了Ripple在机构领域的不断扩展的角色，该公司耗资12.5亿美元的隐藏道路（加密货币领域最大的合并之一）是另一个关键重点。

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.

随着机构越来越多地转向私人信贷来部署资本，Hidden Road是综合信贷交易技术的领先提供商，将使其专业知识成为Ripple的机构战略。

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.

随着时间的流逝，Hidden Road将利用XRP Ledger来简化其后贸易业务的一部分，包括FX，掉期和回购市场，最终降低了运营费用并提高了金融业的效率。

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将被用作隐藏道路套件的抵押品，将Ripple的基础设施进一步嵌入到关键的机构工作流程中。

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.

在监管方面，SEC在三月份撤回了对Ripple的上诉，同意将罚款从1.25亿美元降低到5000万美元，并要求法院撤消禁令。这一发展是在美国新政府采取的一系列行政行动之后。

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.

政府废除了适用的会计标准（Stap）121的声明，这是加密货币公司的争论点，并更新了货币计算机（OCC）加密货币保管指南的办公室，以提供更明确的银行。

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

联邦存款保险公司（FDIC）还修改了自己的与FDIC保险机构与加密相关的活动的政策，引入了一种更灵活的方法。

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强调了这些行政行动的更广泛的含义，指出它们是向更精简和有效的监管格局更广泛的转变的一部分。

“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.”

“这些行政行动是新政府为数字资产行业创建更有利的监管环境的更广泛努力的一部分。其他最近的行政行动包括OCC对国家银行的加密货币托管的最新指南，以及FDIC修订其对FDIC保险机构的加密货币活动的政策。”

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.

随着这些行政行动的继续进行，他们准备对美国加密货币行业的未来产生重大影响