The Daily: Polymarket allowed to resume US operations, Grayscale and Franklin XRP ETFs each clock over $60M in debut inflows, and more
Polymarket resumes US operations, new XRP ETFs see strong debuts, and Klarna plans a stablecoin launch.Summary
The CFTC approved Polymarket's return to U.S. operations as a regulated intermediated exchange after it acquired QCX, capping a successful year for the prediction platform which is reportedly targeting a high valuation and potential token launch. In ETF news, Grayscale and Franklin Templeton's new spot XRP ETFs led debut inflows with $67.4 million and $62.6 million, respectively, outperforming BTC, ETH, and SOL funds on Monday. Meanwhile, BNPL firm Klarna announced plans to launch a USD-backed stablecoin, KlarnaUSD, on the Tempo blockchain by 2026 to reduce cross-border payment costs, signaling a shift from previous crypto skepticism. Other key updates include a lawsuit against Binance alleging it facilitated Hamas transactions, and Metaplanet borrowing another $130 million against its Bitcoin holdings to increase its BTC purchases.
(Source：The Block)